Global Oilseeds Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

Global Oilseeds Market Overview:

“The global Oilseeds Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.

In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Seeds of plants used for extraction of are known as oilseeds. Oil seeds includes soybean, canola, sunflower, rapeseed, flaxseed, etc. Majority of vegetable oil comes from oilseeds. Using manual or mechanical processing equipments, oil is extracted from seeds. Large population in the world uses vegetable oil in regular diet. Oil seeds are rich source of protein and are also used as animal feed.

Growing demand for oil in food sector and its increasing consumption in households are major factors driving growth of the global oilseeds market. Increasing demand for chemical free and organic oil is another factor expected to fuel growth of the market.

In addition, oil derived from oilseeds is also used for production bio-fuels, due to growing preference for renewable energy sources which is increasing demand for oilseeds. Furthermore, growing food industry and increasing retail sector, especially in emerging economies are factors expected to boost growth of the global oilseeds market in the near future.

However, changing prices of oil may hamper growth of the global oilseeds market. Additionally, changing weather conditions and government regulations on vegetable oils are challenging factors that may negatively affect growth of the global market. Nevertheless, increasing demand for bio-fuel and growing demand for organic oil can create high revenue opportunities for players in the target market.

Currently, North America is highest producer of oilseeds, followed by Asia Pacific and Europe. Market in Asia Pacific is expected to witness fastest growth in terms of revenue over the forecast period. Increasing use of oil for regular cooking, coupled with growing population in this region are factors fueling growth of the global oilseed market in this region. In addition, growing food processing industries and retail industry are also factors expected to fuel growth of the target market in Asia Pacific region. The market in Latin America is anticipated to witness lucrative growth in terms of revenue, followed by Middle East and Africa, owing to increasing usage of soybean oil in this region.

Global Oilseeds Market Segmentation:

Segmentation by oilseed type:

• Peanut
• Soybean
• Sunflower Seed
• Cottonseed
• Copra
• Palm Kernel
• Rapeseed

Segmentation by type:

• Conventional
• Genetically Modified

Segmentation by product:

• Edible Oil
• Animal feed

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa