Global Oilseeds Market - 2023-2030

Market Overview

Global Oilseeds Market reached US$ 220.6 billion in 2022 and is expected to reach US$ 340.5 billion by 2030 growing with a CAGR of 5.6% during the forecast period 2023-2030. The growing awareness of the beneficial properties of oilseeds, and various applications is helping to expand the global hemp seeds market.

Increasing government initiatives to improve oilseeds production is expanding the market. For instance, National Mission on Oilseeds and Palm Oil was launched by the government of India, in August 2021. This strategy is to increase local oilseed output and become self-sufficient in edible oil. Also, introducing genetically modified crops in the oilseeds positively influences market growth.

The increase in health preferences by most people is growing the demand for vegetable fats. Health-conscious consumers are selecting vegetable oil over animal fat. The increasing demand for oilseeds, growing applications of oilseeds in various sectors, and benefits provided by them are driving the global oilseeds market growth.

Market Dynamics

The Increasing Applications of Oilseeds Drives the Global Oilseeds Market Growth.

Oilseeds have a wide range of applications in the food, pharmaceutical, cosmetic, and animal feed industries. The increasing applications of edible and non-edible oilseeds are increasing the demand for the market. In the cosmetic industry, oilseeds are used to prepare skincare and body care products. They help moisturize, repair skin, natural UV protectors, and maintain skin health.

The oil extracted from oilseeds is used for human consumption for cooking and as an ingredient in several processed food products. The baked bread, crackers, cakes, cookies, and pies contain soybean oil. The leftover residue is used for animal feed. The use of oilseed meals as a protein supplement for dairy cattle. All these applications drive the global oilseeds market expansion.

Several Benefits of Oilseeds Drive the Global Oilseeds Market Growth.

The increasing health awareness among people is increasing the preference for healthy food intake. The oilseeds are used in cooking the products. With the increase in the vegan population, the demand for plant-based alternatives is increasing. Thus, the increasing shift from animal fats to vegetable oils is driving the global oilseeds market growth.

The oilseeds are a rich source of oil, fatty acids, vitamins, minerals, protein, and fiber. The high content of essential fatty acids drives the use of oilseeds in various applications. The linoleic acids, vitamins, and other essential nutrients present in the oilseeds are driving the demand for the oilseeds market. The organic oils are nutritious and may help in dealing with some health issues, such as improving digestion and controlling cholesterol, and blood pressure.

The High Cost and Health Concerns Restrains Market Growth.

The high seed rate, cost of seeds of major oilseed crops, and non-availability of hybrids in case of significant oilseeds like groundnut and soybean are other limitations in increasing the productivity of these crops, restraining the market growth. Some of the oilseeds may cause inflammation, allergic reactions, increased blood sugar levels, weight gain, heart disease, and cancer. For instance, soy intolerance.

The price instability of the oilseeds due to the seasonal nature of several crops can hinder market growth. Moreover, the high initial investment required for equipment installation and rising consumer inclination towards blended oils, such as a mixture of mustard and rice bran oil, is projected to restrain the market growth further.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The global oilseeds market is segmented based on product type, category, application, and region.

In the Global Oilseeds Market, the Soybean Segment Holds the Largest Market Share.

The global oilseeds market has been segmented by product type into soybeans, palm kernel, rapeseed, sunflower, cottonseed, groundnut, copra, and others. The soybean segment held the largest oilseed market share of 25.8% in 2022 in the oilseeds market analysis report. The substantial demand for soybean-based vegetable oil as a biodiesel feedstock is anticipated to boost soybean production, driving the segment's growth.

The increasing applications of soybeans are driving the segment's growth. Along with oil and animal feed, soybeans are also processed for producing various products, including soy milk, soy flour, soy protein, and tofu for human consumption. Soybean oil is also useful for producing biodiesel fuel for diesel engines. The increasing demand for animal feed, mainly in the developing economic countries, is driving the market expansion.

Geographical Analysis

The North America Region Held the Largest Oilseeds Market Share.

The global oilseeds market is segmented into five parts based on geography: North America, South America, Europe, Asia-Pacific, the Middle East, and Africa. The North American oilseeds market held the largest market share of 38.6% in 2022 in the oilseeds market analysis. The rising demand for oilseeds to be used in the feed and food industries is driving market growth in this region.

The expansion of the retail industry and online distribution channels. Availability of global brands, increasing demand for oilseed usage in food and feed industries, rising demand for organic products, and presence of favorable trade and price support systems are driving the market in this region. The United States is one of the leading oilseed producers boosting the region's market.

Competitive Landscape

The major global players in the market include Cargill, Archer Daniels Midland, Buhler Group, Bunge Limited, Wilmar International, Loius Dreyfus Company, AGT Food and Ingredients, CHS Inc, Cootamundra Oilseeds, and Oilseeds International.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Why Purchase the Report?

• To visualize the global oilseed market segmentation based on product type, category, application, and region and understand key commercial assets and players.
• Identify commercial opportunities in the market by analyzing trends and co-development.
• Excel data sheet with numerous data points of oilseed market-level with all segments.
• The PDF report includes a comprehensive market analysis after exhaustive qualitative interviews and an in-depth market study.
• Product mapping is available as Excel consists of key products of all the major market players.

The Global Oilseed Market report would provide approximately 61 tables, 58 figures and 165 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies