Global Oilseed Market, Trends and Growth Opportunity, By Biotechnology Traits (Insecticide Tolerance and Weed Tolerance), By Oilseed Type (Groundnuts Soybean, Sunflower Seed, Cotton, Copra, Palm Seed and Rapeseed), By Type (Conventional and Genetically Modified), By Application (Oilseed and Vegetable Meal), By Product (Oilseed, Food Products, Bakery and Confectionary, Products Sauces, Spreads and Dressings, and Meat Products and Vegetable Meals), By Region and Forecast Till 2027.
Global Oilseeds Market
The Global Oilseeds Market was valued at USD 256.36 billion in 2021 and is projected to reach approximately USD 385.5 billion by 2027 with a CAGR of 6% during the forecast period 2022-2027.
The productivity of oil crops is highly dependent on changes in climate and weather, which must cover future food demand. Edible oil and many other oils are made from these oil seeds which are used in many industries like cosmetics, medicine, and others. They are rich in various phytochemicals such as flavonoids, tocopherols, tocotrienols, phenolic compounds, polyphenols, vitamins, proteins, minerals, and fibers and are used in animal nutrition, medicine, biofuels, healthy vegetable oils, and other oleochemical purposes.
Oilseeds are seeds used to grow oilseeds such as rapeseed, sunflower, soybean, and cotton. The seeds, nuts, or fruits of these oil plants are consumed directly as food or crushed to extract oil for biofuels, petrochemicals, food processing, and other industries. As the demand for oil extracts is constantly increasing, farmers are investing more in the production of oil crops with high-quality oil seeds.
Drivers
Increasing use of oilseeds in animal nutrition
Increasing the use of oilseeds in animal nutrition is expected to promote the growth of animal seeds. Oil seeds are a rich source of fatty acids, oils, minerals, proteins, vitamins, and fibers, all of which are often used in oil extraction. After the oil is extracted from the oilseeds, the nutrient-dense mass is converted into a meal or oil cake and fed to dairy cattle to improve milk production and quality while reducing feed requirements.
Growing demand for oilseeds for various applications
The demand for oilseeds is high due to their many uses. Oil seeds, such as sunflower, are used in cosmetics as a type of moisturizer. Oilseeds are India's second largest agricultural export after food grains. When people put their health first, they choose vegetable oil instead of animal fats. Additionally, linseed oil is another type of vegetable oil that is widely used in varnishes, paints, and lubricants. Thus, increasing demand for oilseeds for various purposes will boost the growth of the market.
Restraints-
Issues related to the oilseeds market
The declining number of plantations and increasing biotechnological properties of new plants are major restraints for market growth during the forecast period. Additionally, government regulations and changing weather conditions are the biggest and immediate challenges to market growth.
Opportunities
Government initiatives to improve oilseeds production
An increase in government initiatives is a significant trend that is gaining popularity in the oilseeds market. Governments around the world are taking initiatives to increase oilseed production and reduce imports of expensive vegetable oils. Through the National Oilseeds and Palm Oil Mission, the government is spending more than 110 billion rupees ($1.8 billion) to provide farmers with everything they need, including better technology and seeds.
Market segmentation
The oilseeds market is segmented based on biotech traits, oilseed type, type, application, and product. By biotechnology traits the market is segmented into insecticide tolerance and weed tolerance. By oilseed-type the market is segmented into groundnuts soybean, sunflower seed, cotton, copra, palm seed, and rapeseed. By type the market is segmented into conventional and genetically modified. By application the market is segmented into oilseed, food products, bakery and confectionary, products sauces, spreads and dressings, and meat products and vegetable meals. By product the market is segmented into edible oil and feed.
Regional analysis
The global oil seeds market is segmented into five regions North America, Latin, America, Europe, Asia pacific, and the Middle East and Africa. North America is expected to dominate the oilseeds market in terms of revenue and market share due to the growing use of the oil for cooking and R&D expertise in the region. Asia Pacific is expected to be the fastest growing region in the oilseeds market during the forecast period 2022-2027, due to rising personal income and growth and expansion of the food industry and retail industry in the region. In addition, China is expected to grow the Asia-Pacific oilseeds market at a healthy rate due to increasing technological advancement.
Key Development
In December 2022, Indian agrochemical company Crystal Crop Protection Limited acquired Bayer AG's seed business for an undisclosed price. This purchase includes seeds of mustard, pearl millet, cotton and steel sorghum hybrids. With this acquisition, Crystal Crop aims to be among the prominent corporate startups. Further, the acquisition would make it a strong integrated Agri-Input player and strengthen the field seeds.
Key players
Various key players are listed in this report such as Cargill, Incorporated, BASF SE, Chr. Hansen, Holding A/S, DSM, DuPont, Evonik Industries AG, NOVUS INTERNATIONAL, Alltech, Associated British Foods plc, Charoen Pokphand Foods PCL, Nutreco, For Farmers, De Heus Animal Nutrition, Land O'Lakes.
Market Taxonomy
By Biotech Trait
• Insecticide-Resistant
• Weed Tolerance
By Oilseed Type
• Peanut
• Soybean
• Sunflower Seed
• Cottonseed
• Copra
• Palm Kernel
• Rapeseed
By Type
• Conventional
• Genetically Modified
By Application
• Oilseed Meal
• Food Products
• Bakery and Confectionary
• Products Sauces
• Spreads and Dressings
• Meat products
• Vegetable Meal
By Product
• Edible oil
• Animal feed
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Oil Seeds Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
Global Oilseeds Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Oilseeds Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Oilseeds Market, By Biotech Trait
5.1 Y-o-Y Growth Comparison, By Biotech Trait
5.2 Global Oilseeds Market Share Analysis, By Biotech Trait
5.3 Global Oilseeds Market Size and Forecast, By Biotech Trait
5.3.1 Insecticide Tolerance
5.3.2 Weed Tolerance
6 Global Oilseeds Market, By Oilseed Type
6.1 Y-o-Y Growth Comparison, By Oilseed Type
6.2 Global Oilseeds Market Share Analysis, By Oilseed Type
6.3 Global Oilseeds Market Size and Forecast, By Oilseed Type
6.3.1 Peanut
6.3.2 Soybean
6.3.3 Sunflower Seed
6.3.4 Cottonseed
6.3.5 Copra
6.3.6 Palm Kernel
6.3.7 Rapeseed
7 Global Oilseeds Market, By Type
7.1 Y-o-Y Growth Comparison, By Type
7.2 Global Oilseeds Market Share Analysis, By Type
7.3 Global Oilseeds Market Size and Forecast, By Type
7.3.1 Conventional
7.3.2 Genetically Modified
8 Global Oilseeds Market, By Application
8.1 Y-O-Y Growth Comparison, By Application
8.3 Global Oilseeds Market Share Analysis, By Application
8.3 Global Oilseeds Market Size and Forecast, By Application
8.3.1 Oilseed Meal
8.3.2 Food Products
8.3.3 Bakery and Confectionary Products
8.3.4 Sauces, Spreads and Dressings
8.3.5 Meat products
8.3.6 Vegetable Meal
9 Global Oilseeds Market, By Product
9.1Y-O-Y Growth Comparison, By Product
9.2 Global Oilseeds Market Share Analysis, By Product
9.3 Global Oilseeds Market Size and Forecast, By Product
9.3.1 Edible Oil
9.3.2 Animal Feed
10Global Oilseeds Market, By Region
10.1 Global Oilseeds Market Share Analysis, By Region
10.2 Global Oilseeds Market Share Analysis, By Region
10.3 Global Oilseeds Market Size and Forecast, By Region
11 North America Oilseeds Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 North America Oilseeds Market Share Analysis, By Biotech Trait
11.3 North America Oilseeds Market Size and Forecast, By Function
11.4 North America Oilseeds Market Size and Forecast, By Type
11.5 North America Oilseeds Market Size and Forecast, By Application
11.6 North America Oilseeds Market Size and Forecast, By Product
11.7 North America Oilseeds Market Size and Forecast, By Country
11.7.1 U.S.
11.7.2 Canada
11.7.3 Mexico
12 Europe Oilseeds Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Europe Oilseeds Market Share Analysis, By Biotech Trait
12.3 Europe Oilseeds Market Size and Forecast, By Oilseed Type
12.4 Europe Oilseeds Market Size and Forecast, By Type
12.5 Europe Oilseeds Market Size and Forecast, By Application
12.6 Europe Oilseeds Market Size and Forecast, By Product
12.7 Europe Oilseeds Market Size and Forecast, By Country
12.7.1 Germany
12.7.2 France
12.7.3 UK
12.7.4. Rest of Europe
13 Asia Pacific Oilseeds Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Asia Pacific Oilseeds Market Share Analysis, By Biotech Trait
13.3 Asia Pacific Oilseeds Market Size and Forecast, By Function
13.4 Asia Pacific Oilseeds Market Size and Forecast, By Type
13.5 Asia Pacific Oilseeds Market Size and Forecast, By Application
13.6 Asia Pacific Oilseeds Market Size and Forecast, By Product
13.7 Asia Pacific Oilseeds Market Size and Forecast, By Country
13.7.1 China
13.7.2 Japan
13.7.3 India
13.7.4. Rest of Asia Pacific
15 Latin America Oilseeds Market Analysis and Forecast (2022-2027)
15.1 Introduction
15.2 Latin America Oilseed Market Share Analysis, By Biotech Trait
15.3 Latin America Oilseeds Market Size and Forecast, By Oilseed Type
15.4 Latin America Oilseeds Market Size and Forecast, By Type
15.5 Latin America Oilseeds Market Size and Forecast, By Application
15.6 Latin America Oilseeds Market Size and Forecast, By Product
15.7 Latin America Oilseeds Market Size and Forecast, Country
15.7.1. Brazil
15.7.2. Rest of Latin America
16 Middle East Oilseeds Market Analysis and Forecast (2022-2027)
16.1 Introduction
16.2 Middle East Oilseeds Market Share Analysis, By Biotech Trait
16.3 Middle East Oilseeds Market Size and Forecast, By Oilseed Type
16.4 Middle East Oilseeds Market Size and Forecast, By Type
16.5 Middle East Oilseeds Market Size and Forecast, By Application
16.6 Middle East Oilseeds Market Size and Forecast, By Product
16.7 Middle East Oilseeds Market Size and Forecast, By Country
16.7.1. Saudi Arabia
16.7.2. UAE
16.7.3. Egypt
16.7.4. Kuwait
16.7.5. South Africa
17 Competitive Analysis
17.1 Competition Dashboard
17.2 Market share Analysis of Top Vendors
17.3 Key Development Strategies
18 Company Profiles
18.1 BASF SE
18.1.1 Overview
18.1.2 Offerings
18.1.3 Key Financials
18.1.4 Business Segment & Geographic Overview
18.1.5 Key Market Developments
18.1.6 Key Strategies
18.2. Chr. Hansen
18.2.1 Overview
18.2.2 Offerings
18.2.3 Key Financials
18.2.4 Business Segment & Geographic Overview
18.2.5 Key Market Developments
18.2.6 Key Strategies
18.3. Holding A/S
18.3.1 Overview
18.3.2 Offerings
18.3.3 Key Financials
18.3.4 Business Segment & Geographic Overview
18.3.5 Key Market Developments
18.3.6 Key Strategies
18.4 DSM
18.4.1 Overview
18.4.2 Offerings
18.4.3 Key Financials
18.4.4 Business Segment & Geographic Overview
18.4.5 Key Market Developments
18.4.6 Key Strategies
18.5 DuPont
18.5.1 Overview
18.5.2 Offerings
18.5.3 Key Financials
18.5.4 Business Segment & Geographic Overview
18.5.5 Key Market Developments
18.5.6 Key Strategies
18.6 Evonik Industries AG
18.6.1 Overview
18.6.2 Offerings
18.6.3 Key Financials
18.6.4 Business Segment & Geographic Overview
18.6.5 Key Market Developments
18.6.6 Key Strategies
18.7 NOVUS INTERNATIONAL
18.7.1 Overview
18.7.2 Offerings
18.7.3 Key Financials
18.7.4 Business Segment & Geographic Overview
18.7.5 Key Market Developments
18.7.6 Key Strategies
18.8 Alltech
18.8.1 Overview
18.8.2 Offerings
18.8.3 Key Financials
18.8.4 Business Segment & Geographic Overview
18.8.5 Key Market Developments
18.8.6 Key Strategies
18.9 Alltech
18.9.1 Overview
18.9.2 Offerings
18.9.3 Key Financials
18.9.4 Business Segment & Geographic Overview
18.9.5 Key Market Developments
18.9.6 Key Strategies
18.10 Associated British Foods plc.
18.10.1 Overview
18.10.2 Offerings
18.10.3 Key Financials
18.10.4 Business Segment & Geographic Overview
18.10.5 Key Market Developments
18.10.6 Key Strategies
Others
11. Charoen Pokphand Foods PCL
12. ForFarmers
13. De Heus Animal Nutrition
14. Land O'Lakes.
