Oilseeds Market Forecasts to 2028 – Global Analysis By Oilseed Type (Soybean, Sesame, Sunflower, Copra, Peanut, Palm Kernel, Canola Seed, Rape Seed, Cotton Seed and Other Oilseed Types), Category (Genetically Modified, Conventional and Other Categories),

Oilseeds Market Forecasts to 2028 – Global Analysis By Oilseed Type (Soybean, Sesame, Sunflower, Copra, Peanut, Palm Kernel, Canola Seed, Rape Seed, Cotton Seed and Other Oilseed Types), Category (Genetically Modified, Conventional and Other Categories), Product, Application, End User and By Geography

According to Stratistics MRC, the Global Oilseeds Market is accounted for $273.38 billion in 2022 and is expected to reach $402.06 billion by 2028 growing at a CAGR of 6.64% during the forecast period. Oilseeds like sunflower, groundnut and soybean are mainly used as vegetable oil in households. Oil is extracted from the seeds during processing. People use these oilseeds as they are very beneficial to health. The oil produced from oilseed is used in human food products, while the oil residue is used as animal feed. They generate huge income and employment. These oilseeds are used in biodiesel, pharmaceuticals, paints, food, cosmetics, animal feed and domestic use. It has huge production due to increased acceptance and availability of large area for cultivation. Oilseeds have grown the value of seeds due to worldwide usage.

According to the National Mission on Oilseeds and Palm Oil, the government of all countries are spending more than 110 billion rupees ($1.48 billion) to deliver farmers with everything they need, including better technology and seeds.

Market Dynamics:

Driver:

Rising demand of oilseeds for various applications

Oilseeds are used in different segments for various purposes. They are high in demand due to its several applications. Sunflower oil is used for cooking as well as in cosmetic products. Linseed Oil is used for varnishes, paints and lubricants. Soybeans are widely used in cooking as substitute for sunflower oil. Rapeseeds are used for biodiesel. Thus, the increasing demand for oilseeds for various applications is anticipated to drive the market's growth rate.

Restraint:

Climatic problems

Oilseeds production is facing low production due to non-availability of varieties having climate resilience. Temperature, rainfall and floods were affecting the production of sunflower, soybean and groundnuts. This factor is influencing the crop choice decision. The altering weather conditions are detoriating the seed quality and production which is restraining the growth of the market.

Opportunity:

Rising government initiatives

Governments all over the globe are taking initiatives to increase the manufactures of oilseeds and cut expensive vegetable oil imports. This made all the regions become self-sufficient in edible oil and upsurge local oilseed output. Many schemes has been implemented to encourage the farmers and to increase the exports. The government is providing price assurance; subsidies, funds and enhancing the agencies are fuelling the market growth of oilseeds.

Threat:

Fluctuating price rates

The non availability of hybrids for groundnut and soybean oilseeds is limiting the productivity. The high seed rate and low oil content are increasing the cost of oil drastically. The non-availability of varieties and less production with increased demand of oil are growing the price rates rapidly. The fluctuating price rates are causing low yield and challenging the demand for the market.

Covid-19 Impact

The agriculture sector across the globe as witnessed the sudden increased demand from the consumers amid ongoing COVID-19 crises in the world. People replaced their food consumption with home cooking where edible oil is used in large amounts. This increased the exports and imports and bought dynamic changes in consumption. Huge demand of oil took place during the pandemic and later has increased the prices of oil. Even though despite of price rise, the market is facing heavy demand and growth.

The sunflower segment is expected to be the largest during the forecast period

The sunflower segment is estimated to have a lucrative growth, due to its rich source of oil, protein, calcium, carbohydrate and ash. The seeds are widely used in household and feed industry. They are used as substitute for soybeans. They are extensively used for manufacturing of paints, varnishes, cosmetic products, fertilizers and lubricants. They provide huge health benefits and could turn out to be an unreliable supply of oil for biofuels which is anticipated to a lucrative growth of the market.

The conventional segment is expected to have the highest CAGR during the forecast period

The conventional segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its organic products. These seeds are cheaply available and produced through natural pollination. It is eco friendly and enhances quality soil and nitrogen restoration. It increases the food demand and maximizes the production. Product innovation and modernization of conventional farming techniques are propelling the growth of the market.

Region with highest share:

North America is projected to hold the largest market share during the forecast period owing to the increased use of cooking oil in regular cooking. This region is the world's largest soybean producer and second largest exporter. Soybean oil is widely used in this region because of its high protein and high oil content. The 90% of population in this region consumes soybean oil which is accelerating the growth of the market.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the growing food processing industries and increasing soybean production. This region is considered the 4th largest producer of oilseeds. Soybean is the most important crop grown here. It sustains huge growth due its value and volume. The large population in the region raised the demand for cooking oil and biofuels which is fuelling the market growth.

Key players in the market

Some of the key players profiled in the Oilseeds Market include BASF SE, Archer Daniels Midland Company, Burrus Seed Farms Inc, Bayer AG, Syngenta Crop Protection AG, Cargill Incorporated, KWS SAAT SE & Co, Gansu Dunhuang Seed Industry Group Co Ltd, Corteva Agriscience, Mahyco Seeds Ltd, Buhler Group, Bunge Limited, Wilmar International, Loius Dreyfus Company, CHS Inc, AGT Food & Ingredients, Bora Agro Foods, ETG Agro Private Limited, Mountain States Oilseeds, Cootamundra Oilseeds, Kanematsu Corporation, Soni Soya Products Limited.

Key Developments:

In October 2022, BASF launches two new sustainable product families: Ultraform® LowPCF (Low Product Carbon Footprint) and Ultraform® BMB (Biomass Balance). These solutions are designed to support the sustainability goals of BASF’s customers. Ultraform® LowPCF leverages green electricity and an energy-efficient technology. Ultraform® BMB replaces fossil feedstock with renewable feedstock.

Oilseed Types Covered:
• Soybean
• Sesame
• Sunflower
• Copra
• Peanut
• Palm Kernel
• Canola Seed
• Rape Seed
• Cotton Seed
• Other Oilseed Types

Categories Covered:
• Genetically Modified
• Conventional
• Other Categories

Biotech Traits Covered:
• Insecticide Resistant
• Stacked Trait
• Herbicide Tolerant
• Other Biotech Traits

Products Covered:
• Edible Oil
• Animal Feed
• Other Products

Applications Covered:
• Food Products
• Bakery & Confectionery Products
• Oilseed Meal
• Vegetable Oil
• Industries
• Sauces, Spreads & Dressings
• Other Applications

End Users Covered:
• Commercial Sector
• Corporate Sector
• Household Area
• Residential Area
• Automobiles
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements