Global Oilseeds Market Analysis 2022
The Global Oilseeds Market is expected to reach $393.37 billion by 2028 growing at a CAGR of 5.5% from 2021 to 2028. Oilseeds can be defined as the seeds used to cultivate oil crops such as canola, cotton, sunflower, and soybean. The fruits, nuts, or seeds of these oil crops are either consumed directly as food or crushed to extract oil for the oleo chemicals, food, bio fuel, and other industries. Oilseeds as well as legumes are important dietary constituents to reduce chronic disease owing to the presence of important dietary macro-micro nutrients. Oilseeds are extracted with the help of mechanical and manual processing equipment.
Factors such as rising demand for protein meals, increased acceptance and large area under cultivation of genetically modified (GM) oilseeds, and growing demand from the biodiesel industry are driving the growth of the market. However, fluctuations in the price of oilseeds and uncertainty in climatic conditions are restraining the growth of the market.
Based on breeding type, the conventional segment is going to have a lucrative growth during the forecast period which can be attributed to the product innovation and modernization of conventional farming techniques. Conventional oilseeds are seeds that are cheaply available and are produced through natural pollination of plants. These oilseeds utilize significant amount of energy inputs and chemicals to produce highest possible yields of crops.
The key vendors mentioned are AGT Food and Ingredients, Archer Daniels Midland, Bora Agro Foods, Bühler Group, Bunge Limited, Cargill, CHS Inc, Cootamundra Oilseeds, ETG Agro Private Ltd, Kanematsu Corporation, Louis Dreyfus Company, Mountain States Oilseeds, Oilseeds International, Soni Soya Products Limited, and Wilmar International.
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