Oilseeds Market Overview:
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. Copra, cottonseed, palm kernel, peanut, rapeseed, soybean, and sunflower seeds are primarily cultivated for obtaining oil. The oil extracted from oilseeds is used in food products for human consumption, whereas the residue is used as animal feed. The edible oil extracted from oilseeds is used as a feedstock for biodiesel production. The major factors driving the market growth are increased consumption of soybean and its high production in the developing countries such as, Brazil, Argentina, and others. In addition, increased acceptance and large area under cultivation of genetically modified (GM) oilseeds are anticipated to supplement the market growth.
The global oilseeds market is segmented based on oilseed type, product, type, biotech trait, and geography. Based on 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 classified into herbicide tolerant, insecticide resistant, and other stacked trait. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Global Oilseeds Market Segmentation
In 2016, Asia-Pacific accounted for the highest market, in terms of value and volume, registering a significant CAGR from 2017 to 2023. China is the largest consumer of oilseeds, accounting for approximately two-sevenths share of the global market in terms of volume, and is expected to maintain its dominance during the forecast period. India is anticipated to grow at the highest rate in Asia-Pacific region.
Top Investment Pockets
Brazil is one of the predominant producers & exporters of soybean in the global market. In addition, it is one of the largest consumers of soybean and other oilseeds including copra, cottonseed, palm kernel, peanut, rapeseed, and sunflower seed. In 2016, it accounted for approximately two-fifths share of the global market, in terms of value, and is anticipated to grow at a CAGR of 4.2% from 2017 to 2023. Thus, Brazil is the most lucrative market for oilseeds, whereas India, Argentina, Paraguay, and others are other lucrative markets for market players.
Global Oilseeds Market: Top Investment Pockets, by Country
Advancement in agricultural biotechnology has been a major factor boosting the introduction of genetically modified (GM) oilseeds. In 2016, the GM seeds segment accounted for more than 50% share of the global market in terms of value, and is expected to grow at a CAGR of 2.7%. GM seeds reduce the cost of managing crop biotic stresses such as, weeds, insects, and microbial pests. Oilseeds with herbicide tolerance, insect resistance, and other stacked trait have led to the rapid growth of the market.
Soybeans are the primary oilseed produced in Brazil. In addition, Brazil is among the major exporters of soybean in the global market. Strong demand for soybean from China is expected to lead to its higher production in Brazil. About 70% of the total soybean production in Brazil is exported to China. Increased consumption of vegetable oil in the production of biodiesel due to government mandates for biodiesel blending with petroleum diesel and strong demand from the domestic animal sector are expected to fuel the market growth in Brazil.
Middle East Oilseeds Market, 2015-2023 ($Million)
The key players profiled in the report 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, and Syngenta AG.
The other key market players (not profiled in this report) are Land O’Lakes Inc., Limagrain, Mahyco Seeds Company Limited, Monsanto, Nuziveedu Seeds Ltd., Rallis India Limited, Seed Co. Limited, Stine Seed Company, and Sunora Foods.
- 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 tap the investment pockets.
- It offers qualitative trends and quantitative analysis of the global market from 2016 to 2023 to assist stakeholders to understand the market scenario.
- In-depth analysis of the key segments demonstrates the type of oilseeds and their products.
- Competitive intelligence of the industry highlights the business practices followed by the key players across geographies and the prevailing market opportunities.
- Key market players and their strategies have been analyzed to understand the competitive outlook of the industry.
Oilseeds Market Key Segments:
By Oilseeds Type
- Palm Kernel
- Sunflower Seed
- Animal Feed
- Edible Oil
- Genetically Modified
By Biotech Trait
- Herbicide Tolerant
- Insecticide Resistant
- Other Stacked Trait
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Rest of LAMEA