The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Introduction: The oilseeds market has witnessed robust growth in recent years, with significant projections for the future. Key factors driving this growth include evolving dietary patterns, population expansion, and changing consumer preferences. Let’s delve deeper into the dynamics fueling this expansion and explore the major trends shaping the industry’s landscape.

Strong Growth Projections:

• The oilseeds market is set to expand from $299.83 billion in 2023 to $328.61 billion in 2024, representing a notable compound annual growth rate (CAGR) of 9.6%.
• Forecasts indicate further growth, with expectations of reaching $469.14 billion by 2028, reflecting a CAGR of 9.3%.
• Factors driving this growth span biofuel production, health-conscious trends, global economic shifts, and climate change impacts.

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Factors Driving Demand:

• Demand for Edible Oils: With increasing health awareness, there’s a growing preference for healthier cooking oils, spurring demand for oilseed-derived products.
• Population Growth: The expanding global population necessitates greater food production, driving demand for oilseed crops.
• Changing Diets: Shifts towards healthier and plant-based diets contribute to the growing demand for oilseed products.
• Trade Policies: Evolving trade policies influence market dynamics, affecting the availability and pricing of oilseed commodities.

Growing Utilization of Oilseeds in Animal Feed Drives Demand:

• Oilseeds serve as a crucial component in animal feed formulations due to their rich nutritional profile.
• The extraction process yields oil and nutrient-dense pulp, commonly utilized as feed supplements for livestock.
• Notably, a significant portion of India’s oilseed supply is crushed for producing meal, primarily destined for animal feed applications.

Key Players and Investments:

• Major companies such as Archer Daniels Midland Company, Cargill Incorporated, and BASF SE are pivotal players in the oilseeds market.
• Investments, like Gemini Edibles and Fats India Ltd’s endeavor to build an oil refinery and crushing plant, underscore the industry’s commitment to meeting rising demand for edible oils and fats.

Crystal Crop Protection’s Strategic Acquisition:

• Crystal Crop Protection’s acquisition of Bayer AG’s seeds business enhances its position in the field crop seed segment.
• This strategic move aligns with Crystal Crop’s objective of becoming a leading player in the agri-input domain, leveraging Bayer AG’s expertise in producing high-quality oilseeds.

Segmentation and Regional Dynamics:

• The oilseeds market is segmented based on oilseed type, biotech trait, category, application, and end-use industry.
• North America currently leads the market, while Asia-Pacific is poised to witness rapid growth in the forecast period.

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The Oilseeds Global Market Report 2024  provides comprehensive insights on the oilseeds market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the oilseeds market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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