Overview and Scope
Oilseed refers to crops grown for the production of edible oil. Oilseed farming refers to primarily growing oilseed crops for the oil contained in the seeds. Oilseeds are rich in oils and are processed to extract vegetable oils used for various purposes.
Sizing and Forecast
The oilseed farming market size has grown rapidly in recent years. It will grow from $559.77 billion in 2023 to $631.85 billion in 2024 at a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to demand for edible oils, animal feed, biofuel production, industrial applications, global population growth.
The oilseed farming market size is expected to see rapid growth in the next few years. It will grow to $991.44 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%. The growth in the forecast period can be attributed to health and wellness trends, biofuel expansion, plant-based protein, the expansion of emerging markets with rising incomes and changing dietary habits, sustainable agriculture. Major trends in the forecast period include organic oilseeds, precision agriculture, non-gmo oilseeds, local and small-scale production, research and development.
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Segmentation & Regional Insights
The oilseed farming market covered in this report is segmented –
1) By Type: Soybean Farming, Other Oilseed Farming
2) By Farming Process: Organic Oilseed Farming, Traditional Farming
3) By Application: Food Products, Feed, Industrial Products
The Asia-Pacific was the largest region in the oilseed farming market in 2023. Western Europe was the second-largest region in the oilseed farming market. The regions covered in the oilseed farming market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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Major Driver Impacting Market Growth
The rising population growth is expected to propel the growth of the oilseed market going forward. Population refers to the total number of individuals living in a specific geographical area or region at a given point in time, which is a demographic concept used to quantify the size of a community, city, country, or any other defined area. Oilseeds produces edible oils, protein, and potential biofuels to feed its population, ensuring food security and to provide an adequate food supply to meet the dietary needs of people. For instance, in January 2022, according to the United States Department of Commerce, a US-based executive department, the population in the US was 332,403,650 in 2022, which has increased to 0.21% in population from 2021. Therefore, rising population growth is driving the growth of the oilseed market.
Key Industry Players
Major companies operating in the oilseed farming market include Bunge Limited, Bayer AG, Corteva Inc., UPL Limited, Grupo Amaggi, Seaboard Corporation, Batu Kawan Berhad, Nutrien Ltd, Jardine Matheson Holdings Limited, KWS Saat SE, Archer Daniels Midland Company, Cargill Incorporated, Monsanto Company, DuPont Pioneer, Syngenta AG, Dow AgroSciences LLC, Wilmar International Limited, Sime Darby Plantation, Agrium Inc., The Mosaic Company, United Oilseeds, TerraVia Holdings, PGG Wrightson Seeds Limited, Croda International Plc, Pacific Seeds, GrainCorp Limited, Advanta Seeds, Euralis Semences S.A.S., Golden Agri-Resources, Neem Biotech, DLF Seeds A/S, DSV A/S, Sakata Seed Corporation, Rallis India Limited, Mahyco Private Limited, Rijk Zwaan Zaadteelt en Zaadhandel B.V., East-West Seed.
The oilseed farming market report table of contents includes:
1. Executive Summary
2. Oilseed Farming Market Characteristics
3. Oilseed Farming Product/Service Analysis -Product/Service Examples
4. Oilseed Farming Market Trends And Strategies
5. Oilseed Farming Market – Macro Economic Scenario
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26. Germany Oilseed Farming Market
27. France Oilseed Farming Market
28. Italy Oilseed Farming Market
29. Spain Oilseed Farming Market
30. Austria Oilseed Farming Market
Key Industry Players
- Bunge Limited
- Bayer AG
- Corteva Inc
- UPL Limited
- Grupo Amaggi
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