Overview and Scope
Oilseed and grain seed refer to cereals that can be consumed as food by humans. These are used as feed grains and for the production of oil respectively.
Sizing and Forecast
The oilseed and grain seed market size has grown rapidly in recent years. It will grow from $104.68 billion in 2023 to $120.31 billion in 2024 at a compound annual growth rate (CAGR) of 14.9%. The growth in the historic period can be attributed to global population growth, government subsidies and support, shift in dietary preferences, globalization of food trade, climate and weather patterns, investment in agriculture infrastructure.
The oilseed and grain seed market size is expected to see rapid growth in the next few years. It will grow to $197.93 billion in 2028 at a compound annual growth rate (CAGR) of 13.3%. The growth in the forecast period can be attributed to demand for functional and specialty grains, focus on crop resilience and adaptation, development of high-oleic varieties, increasing use of precision agriculture, consumer awareness of nutritional benefits. Major trends in the forecast period include integration of digital farming practices, seed treatment technologies, genetically modified (gm) seed adoption, biological seed treatments, traceability and quality assurance.
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Segmentation & Regional Insights
The oilseed and grain seed market covered in this report is segmented –
1) By Type: Oilseed, Grain Seed
2) By Biotech Trait: Herbicides Tolerant, Insecticide Resistant, Other Stacked Trait
3) By Sales Channel Covered: Aftermarket, Manufacturer/Distributor/Service Provider
4) By Application: Feed, Food, Industrial, Agriculture Industry, Oil Market
North America was the largest region in the oilseed and grain seed market in 2023. The regions covered in the oilseed and grain seed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Rising food demand is expected to propel the growth of the oilseed and grain seed market going forward. Food can be defined as substances that provide protein, carbohydrate, fat, and other nutrients that are used in the body of an organism and are essential for its proper growth. Oilseed and grain seeds are important cereals that can be consumed by humans as food and also produce oil. For instance, in July 2022, according to a report by the World Food Programme, an Italy-based humanitarian organization, there were approximately 828 million people globally affected by hungerin 2021, which is an increase of 46 million from the previous year and an increase of 150 million people since the start of the COVID-19 pandemic. It is projected that345.2 million people are expectedto be food insecure in 2023, which is double compared to 2020 and 200 million more compared to pre-pandemic levels. Also, more than 900,000 people around the globe are fighting the food crisis. Therefore, rising food demand is driving the growth of the oilseed and grain seed market.
Key Industry Players
Major companies operating in the oilseed and grain seed market report are Gansu Dunhuang Seed Co. Ltd., Hefei Fengle Seed Co. Ltd., Krishidhan Seeds Pvt. Ltd., Mahyco Private Limited, The Monsanto Company, Nuziveedu Seeds Ltd., BASF SE, Burrus Seed Farms Inc., Rallis Ltd., Seed Co. Group, Cargill Incorporated, Stine Seed Company, KWS Saat AG, CHS Inc., Mountain States Oilseeds LLC, Bayer AG, Louis Dreyfus Company, Dow Inc., Archer Daniels Midland Company, Soni Soya Products Limited, Kanematsu Corporation, AGT Food and Ingredients, Land O’Lakes Inc., Groupe Limagrain, Oilseeds International Ltd., Wilmar International Ltd., Cootamundra Oilseeds Pty. Ltd., Bora Agro Foods Pvt. Ltd., ETG Agro Private Ltd., Pacific Seed Company
The oilseed and grain seed market report table of contents includes:
1. Executive Summary
2. Oilseed And Grain Seed Market Characteristics
3. Oilseed And Grain Seed Market Trends And Strategies
4. Oilseed And Grain Seed Market – Macro Economic Scenario
5. Global Oilseed And Grain Seed Market Size and Growth
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31. Global Oilseed And Grain Seed Market Competitive Benchmarking
32. Global Oilseed And Grain Seed Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Oilseed And Grain Seed Market
34. Oilseed And Grain Seed Market Future Outlook and Potential Analysis
35. Appendix
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