PUBLISHER: The Business Research Company | PRODUCT CODE: 1387963
PUBLISHER: The Business Research Company | PRODUCT CODE: 1387963
“Organic Oilseed Farming Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on organic oilseed farming market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for organic oilseed farming? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The organic oilseed farming market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Organic oilseed farming involves the cultivation of organic oilseeds in strict compliance with organic farming standards, preserving their natural quality.
The primary categories of organic oilseeds include soybeans, sesame, rapeseed, groundnuts, sunflower seeds, and various other seeds. Soybeans, for instance, belong to the legume vegetable family and have long been a dietary staple in Asian cuisines. The methods applied in organic oilseed farming encompass crop diversity, soil management, weed control, and other environmentally friendly practices. These organic farming approaches can be categorized as pure organic farming and integrated organic farming and find applications in various sectors, including household consumption, food service, biofuels, and other industrial uses.
The organic oilseed farming market research report is one of a series of new reports from The Business Research Company that provides organic oilseed farming market statistics, including organic oilseed farming industry global market size, regional shares, competitors with an organic oilseed farming market share, detailed organic oilseed farming market segments, market trends and opportunities, and any further data you may need to thrive in the organic oilseed farming industry. This organic oilseed farming market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The organic oilseed farming market size has grown rapidly in recent years. It will grow from $5.08 billion in 2023 to $6.02 billion in 2024 at a compound annual growth rate (CAGR) of 18.6%. The growth observed during the historical period can be attributed to factors such as the increasing health consciousness among consumers, heightened environmental concerns, regulatory support for organic farming, and the expansion of the organic food industry.
The organic oilseed farming market size is expected to see rapid growth in the next few years. It will grow to $12.08 billion in 2028 at a compound annual growth rate (CAGR) of 19.0%. The anticipated growth in the forecast period can be attributed to the expansion of the organic market, evolving consumer preferences, and a focus on climate change resilience. Notable trends expected in this forecast period encompass increased research and innovation, a preference for non-GMO and chemical-free products, technological advancements in organic oilseed farming, and a greater diversity of oilseeds to meet consumer demand and sustainability goals.
The organic oilseeds farming market is experiencing growth due to the increasing demand for organic oil derived from organic oilseeds and their derivatives. This demand is driven by a growing awareness of the adverse effects of conventionally produced oils on both individual health and the environment. People are increasingly choosing oils produced from organic oilseeds not only for culinary purposes but also for the creation of environmentally friendly cosmetics. The by-products generated during organic oilseed extraction serve as high-protein organic animal feed for animals raised under organic conditions. For example, in November 2021, Biofuels International reported that the latest USDA projection anticipated a worldwide production of 214.8 million metric tons of vegetable oils for 2021/22, an increase of 8.21 million metric tons from the previous year. Companies like Trillium Organics offer USDA-certified organic skincare products made from organically sourced ingredients, including organic body oil composed of olive, jojoba, and sunflower oils. Consequently, the increasing demand for organic oil extracted from organic oilseeds and their by-products is fueling the growth of the organic oilseeds farming market.
The organic oilseed farming market is expected to benefit from the rising demand for organic food. Organic farming practices emphasize the use of natural and organic fertilizers like compost and manure to enhance soil health. The appeal of organic food lies in its health benefits, including higher nutritional content, non-GMO status, and freedom from synthetic pesticides and fertilizers, which drive increased demand for organic food products, including organic oilseeds. For instance, in 2023, the Organic Industry Survey by the U.S.-based Organic Trade Association revealed that organic food sales in the United States surpassed $60 billion in 2022, marking a significant milestone for the resilient organic sector. Thus, the increasing demand for organic food products contributes to the growth of the organic oilseed farming market.
Mechanical weed management methods are gaining traction in the organic oilseed farming market. Weed growth poses a common challenge in organic oilseed farming, threatening crop yields. Research conducted by Vytautas Magnus University Agriculture Academy suggests that employing thermal and mechanical weed control methods alongside bio-preparations, especially during drought-prone years, significantly reduces the number of weed seedlings during growing seasons, particularly in autumn and spring.
Key players in the organic oilseed farming market are innovating with organic feeds, such as vegetables by Bayer, to boost market revenues. Organic farming is characterized by a holistic approach that prioritizes sustainable and natural practices over synthetic inputs. Organic vegetable farming, in particular, aligns with these principles by emphasizing harmony with nature and minimizing the environmental and health impacts of farming activities. For instance, in September 2021, Bayer, a German-based pharmaceutical and biotechnology company, introduced organic seeds as part of its Vegetables by Bayer brand, focusing on three crucial greenhouse and glasshouse crops-tomatoes, sweet peppers, and cucumbers-all of which are certified organic. This initiative is aimed at driving the adoption of organic farming practices.
Major companies operating in the organic oilseed farming market include The Archer-Daniels-Midland Company, Cargill Inc., Bungee, Bayer AG, Limagrain, Monsanto, Cootamundra Oilseeds Pty Ltd., Burrus Seed, Gansu Gansu Dunhuangseed, Land O'Lakes, Aranya Agricultural Alternatives, reNature, Rodale Institute, Sustainable Harvest International, Terra Genesis International, Grateful Gardens, Gro Alliance LLC, H T Ranch, Hands On Organics, health naturo, Hebei Dayu Seeds, Insight Developers, Ivan's Meadow, Jardines Inc., JK Medicinal Plants Introduction Centre, Marie-Claude Comeau, Meadowlark Hearth, Mesa Farms Hemp Seeds, Metchosin Farm, Methow Valley Seed Collective, Mindful Earth Farm, Montana Survival Seed, Nash's Organic Produce, Nature & Nurture Seeds, North Circle Seeds, Ouroboros Farms
Asia-Pacific was the largest region in the organic oilseed farming market in 2023. Western Europe was the second largest region in the organic oilseed farming market. The regions covered in the organic oilseed farming market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the organic oilseed farming market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada
The organic oilseed farming market consists of revenues earned by entities that are engaged in growing organic oilseed farming products such as organic soybeans, organic sunflower seeds, organic rapeseeds, organic sesame seeds, and other organic oilseeds. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.