04-Nov-2020 | Zion Market Research
As per Zion Market Research, the global oilseeds market is anticipated to reach over $278, 348million by the end of 2026, growing at a CAGR of around 3.3% during the forecast period 2020 to 2026. For obtaining oil, cottonseed, copra, peanut, palm kernel, soybean, rapeseed, and sunflower seeds are mainly cultivated. The oil gained from oilseeds is utilized in food items for human intake, whereas the residue is utilized as animal feed. The edible oil removed from oilseeds is utilized as a feedstock for the production of biodiesel. The key factors compelling the market growth are augmented consumption of soybean and its increased production in emerging countries such as Argentina, Brazil, and others.
Some of the key players in the market are Archer Daniels Midland, Cargill, Bunge Limited, Bühler Group, Louis Dreyfus Company, AGT Food and Ingredients, Soni Soya Products Limited, Mountain States Oilseeds, CHS Inc., Kanematsu Corporation, Wilmar International, Oilseeds International, Bora Agro Foods, Cootamundra Oilseeds, and ETG Agro Private Ltd.
Surged Demand For Oilseeds From Biodiesel Industry To Boost The Global Oilseed Market
The global oilseed market is expected to grow considerably over the estimated period. Oilseeds are believed to be one of the fastest-growing crops in the worldwide agricultural market due to its augmenting demand to feed the growing global population. Nevertheless, the global market for oilseeds has been witnessing an unstable ride from the last few years due to the scarcity in supply caused by changing climate conditions in chief oilseeds producing countries. The unstable nature of supply-demand is exhibited through the prices of oilseed that has been inconsistent since then. The unfavorable weather conditions resulted in the broadening of the supply-demand breach and eventually caused to price hike. The global market for oilseeds is likely to register significant expansion mainly owing to the increasing demand for vegetable oil from the biodiesel industry.
The global oilseed market is bifurcated on the basis of category, type, application, and regional analysis. Based on type, the market is divided into sunflower, soybean, palm kernel, cottonseed, rapeseed, groundnut, copra, and others (linseed/flaxseed, safflower, and grapeseed). Based on the category, the market is divided into genetically modified and conventional. Based on the application, the market is divided into oilseed meal and vegetable oil. The oilseed meal segment is subdivided into food products (sauces, spreads, and dressings; bakery & confectionery products; meat products and others), feed and industrial products. The vegetable oil segment is subdivided into food products (sauces, spreads, and dressings; bakery & confectionery products; meat products; RTE, snacks, and savory products) and industrial products.
Rising Demand For Oilseeds In North America And Europe To Boost The Growth Of The Global Oilseed Market
Based on geographical analysis, the global oilseed market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The European and North American countries are registering rising demand for oilseeds for the use mostly in the food & feed industries. The positive trade and price support systems have fueled the trade of oilseeds in the U.S. Nevertheless, European countries witness higher demand for organic products, owing to which the demand for conventional oilseeds is expected to be high.
Browse the full “Oilseed Market - By Category (Genetically Modified and Conventional), By Type (Sunflower, Soybean, Palm Kernel, Cottonseed, Rapeseed, Groundnut, Copra, and Others), By Application (Oilseed Meal and Vegetable Oil), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/oilseed-market
The global oilseed market is segmented as follows:
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