The global oilseeds market is expected to garner $255,213 million by 2023, from $215,696 million in 2016, registering a CAGR of 2.5% from 2017 to 2023. Oilseeds are grown primarily for obtaining oil. The major sources of edible oils are copra, cottonseed, palm kernel, peanut, rapeseed, soybean, and sunflower seed. Oil is extracted either by mechanical extraction processes in oil mills or by chemical extraction using solvents. For example, the oil content in seeds ranges from 20% for soybean and 40% for sunflowers and rapeseed. After the extraction process, the crushed seeds are further processed into animal feeds.
In 2016, the soybean segment accounted for approximately three-fifths share of the global market in terms of volume. Increase in the consumption of soybean, owing to its increased application in the production of edible oil, fatty acids, soaps, biodiesels, and animal feed is expected to drive the market growth. Further, increase in production of soybean in Brazil, Argentina, and others propel the market growth. In addition, surge in the global population has led to increase in demand for edible oils for preparing food products. Moreover, supportive government policies to increase agricultural production of oil fuel the market growth. In addition, advancements in seed technologies and biotech traits, such as herbicide tolerant, insecticide resistant, and other stacked trait, are anticipated to supplement the market growth. In terms of volume, Asia-Pacific is the largest consumer of oilseeds, and is expected to grow at a significant CAGR of 2.3% from 2017 to 2023. In terms of value, Asia-Pacific accounted for more than two-fifths share of the global market in 2016. LAMEA is anticipated to grow at the highest CAGR, both in terms of value and volume during the forecast period.
The global oilseeds market is segmented based on oilseed type, product, type, biotech trait, and geography. Based on oilseeds type, it is divided into copra, cottonseed, palm kernel, peanut, rapeseed, soybean, and sunflower seed. On the basis of product, it is classified into animal feed and edible oil. Based on type, it is categorized into genetically modified and conventional. Based on biotech trait, it is categorized into herbicide tolerant, insecticide resistant, and other stacked trait. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players profiled in this study include
Archer Daniels Midland Company
Bayer Cropscience AG
Burrus Seed Farm
Dow Agrosciences LLC.
E. I. du Pont de Nemours and Company
Gansu Dunhuang Seed Co. Ltd.
Hefei Fengle Seed Co. Ltd.
Krishidhan Seeds Pvt. Ltd.
KWS Saat AG
KEY BENEFITS FOR STAKEHOLDERS
The report provides an in-depth analysis of the current trends, drivers, and dynamics of the global oilseeds market to elucidate the prevailing opportunities and potential investment pockets.
It offers qualitative trends and quantitative analysis of the industry from 2016 to 2023 to assist stakeholders to understand the prevailing scenario.
In-depth analysis of the key segments demonstrates the oilseeds type and the products used across various regions.
Competitive intelligence of the industry highlights the business practices followed by key players across geographies as well as the prevailing market opportunities.
The key market players are profiled along with their strategies and developments to understand the competitive outlook of the industry.
KEY MARKET SEGMENTS
By Oilseeds Type
By Biotech Trait
Other Stacked Trait
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
Land O'Lakes Inc.
Mahyco Seeds Company Limited
Nuziveedu Seeds Ltd.
Rallis India Limited
Seed Co. Limited
Stine Seed Company
Publisher : Allied Market Research