This report is designed for companies and decision-makers seeking actionable insights on market size, growth, trends, and competitive strategies to drive expansion and success in the Oilseeds industry.
What is the current market size of the oilseeds industry, and what growth rate is it expected to achieve?
The oilseeds market size has grown strongly in recent years. It will grow from $326.04 billion in 2024 to $357.49 billion in 2025 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to demand for edible oils, population growth, changing diets, trade policies, consumer preferences.
The oilseeds market size is expected to see strong growth in the next few years. It will grow to $519.39 billion in 2029 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to biofuel production, health and wellness trends, global economic trends, climate change impact, rising health consciousness, biofuel expansion. Major trends in the forecast period include technology and farming practices, plant-based movement, technology integration.
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What are the major drivers contributing to the growth of the oilseeds market?
The growing usage of oilseeds in animal feed is expected to propel the growth of the oilseed market going forward. Oilseeds are a rich source of oil, fatty acids, vitamins, minerals, protein, and fiber, all of which are often employed in the extraction of oil. Following the extraction of oil from oilseeds, the nutrient-dense pulp is transformed into oilcake or meals and fed to dairy farm animals to improve the product and quality of milk while also reducing feed requirements. For instance, in 2022 according to a report by the India’s oilseeds production for MY 2022/23 is expected to reach 42.1 million metric tons, a 1% increase, while oil meal production is projected to rise by 2% to 20.7 million metric tons, with exports forecasted to grow by 13% to 3.7 MMT. Therefore, the growing usage of oilseeds in animal feed is driving the demand for the oilseed market.
What are the major market segments driving the growth of the oilseeds industry?
The oilseeds market covered in this report is segmented –
1) By Oilseed Type: Copra, Cottonseed, Palm Kernel, Peanut, Rapeseed, Soybean, Sunflower Seed, Other Oilseed Types
2) By Biotech Trait: Herbicide Tolerant, Insecticide Resistant, Other Stacked Trait
3) By Category: Genetically Modified, Conventional
4) By Application: Oilseed Meal, Vegetable Oil, Other Applications
5) By End-Use Industry: Food Industry, Personal Care and Cosmetic, Pharmaceutical, Other End Users
Subsegments:
1) By Copra: Copra Meal, Copra Oil, Desiccated Coconut
2) By Cottonseed: Cottonseed Oil, Cottonseed Cake, Cottonseed Meal
3) By Palm Kernel: Palm Kernel Oil, Palm Kernel Cake
4) By Peanut: Peanut Oil, Peanut Meal, Blanched Peanuts
5) By Rapeseed: Rapeseed Oil, Rapeseed Meal
6) By Soybean: Soybean Oil, Soybean Meal, Whole Soybeans
7) By Sunflower Seed: Sunflower Oil, Sunflower Meal, Sunflower Seeds
8) By Other Oilseed Types: Safflower Seed, Flaxseed, Hemp Seed, Sesame Seed
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What technological trends are expected to redefine the oilseeds market?
Major companies operating in the oilseeds market are focusing on developing technological advancement such as Edible Oils-Oilseeds to enhancing processing methods, and developing healthier oil products, to meet growing consumer demand and address environmental concerns. National Mission Edible Oils-Oilseeds aims to boost domestic production of edible oils and oilseeds, reduce import dependence, and enhance farmer livelihoods through improved cultivation practices and processing technologies. For instance, in October 2024, Government of India, launched National Mission on Edible Oils-Oilseeds (NMEO-Oilseeds) to enhance domestic oilseed production and attain self-sufficiency in edible oils. Edible oils derived from oilseeds are widely used in cooking, food processing, nutritional supplements, cosmetics, industrial applications, animal feed, and pharmaceuticals, highlighting their essential role in various sectors.
Who are the key market players contributing to the growth of the oilseeds industry?
Major companies operating in the oilseeds market include The Archer Daniels Midland Company, BASF SE, Burrus Seed Farm LLC, Cargill Incorporated, Corteva Agriscience, Mahyco Seeds Limited, Syngenta Group Co. Ltd., Gansu Dunhuang Seed Group Co. Ltd., Bunge Limited, Land O’Lakes Inc., Nuziveedu Seeds Limited, Ostro Organics Inc., Wilmar International Limited, Cootamundra Oilseeds Pty Ltd., Soni Soya Products Limited, Groupe Limagrain Holding SA, La Tourangelle Inc., BIO PLANÈTE Ölmühle Moog GmbH, Seed Co Limited, Roland Foods LLC, OPW Ingredients GmbH, Groupe Limagrain SA, Bayer AG, KWS SAAT SE & Co. KGaA, Syngenta Crop Protection AG, Provital Group, Chenguang Biotech Group Co Ltd., United Genetics Seeds Co., Pioneer Hi-Bred International Inc., Delta and Pine Land Company
Which regions are leading the growth of the oilseeds market globally?
North America was the largest region in the oilseeds market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the oilseeds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
How Can Companies Use The Oilseeds Market Report to Drive Business Results?
This report provides actionable insights tailored for business use—not academic analysis. Companies can leverage the data to:
• Time market entry or expansion using growth forecasts and CAGR trends.
• Develop competitive products by tracking key technology shifts and user preferences.
• Tailor regional strategies with in-depth geographic data and local market dynamics.
• Benchmark and plan partnerships using competitive landscape insights.
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