Oilseed Farming in the US - Industry Market Research Report

Oilseed Farming in the US - Industry Market Research Report

Oilseed Farming in the US

The Oilseed Farming industry produces mainly canola, sunflower and flaxseed, and is small compared with other agriculture sector industries. This causes industry conditions to fluctuate significantly in line with changes in the US agricultural sector at large, based on both global and domestic supply conditions. Industry revenue also generally moves in line with changes in the price of oilseeds. Many US farmers can choose to grow other crops, such as corn or soybeans, in any given year depending on expected yields and price, causing drastic fluctuations in the planted acreage and harvests of oilseeds. As a result, industry revenue has fluctuated in recent years, largely in line with movements in the price of oilseeds. Overall, industry revenue has grown at an expected CAGR of 12.6% to reach $2.1 billion in 2023, when revenue is set to rise 0.1%.

Farmers in this industry grow a variety of oilseeds, including canola seeds, sunflower seeds, flaxseeds, safflower seeds and mustard seeds. Soybeans (IBISWorld report 11111), cottonseeds and peanuts are not included in this industry report.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.