The Global Oilseeds Market Size is estimated to reach USD 244.11 billion, registering a CAGR of 4.2% from 2022 to 2030.
The Oilseeds Market is predicted to reach USD 244.11 billion by 2030, growing at a CAGR of 4.2%. Oilseeds are the seeds used to cultivate oil crops such as sunflower, soybean, canola, and cotton. The seeds, fruits, or nuts of these oil crops are either consumed directly as food or crushed to extract oil for the food, biofuel, oleochemicals, and other industries. Owing to the continuous increase in demand for oilseed extracts, farmers are investing in the production of oil crops with high-quality oilseeds.
The demand for oilseeds is mainly driven by the growing demand for vegetable oils in the increasing number of households. Moreover, the rising need for biofuels in developing as well as developed countries is triggering the growth of the oilseeds market. To fulfill the ever-growing demand for oil across the globe, farmers are inclining toward adopting genetically modified oilseeds to increase yield.
The global oilseeds market has been segmented based on category, oilseed type, biotech trait, and region.
By category, the market has been classified as conventional and genetically modified.
On the basis of oilseed type, the market has been divided into soybeans, sunflower seed, cotton seed, canola seed, and others.
The market has also been segregated, on the basis of biotech trait, into insecticide-resistant, herbicide-tolerant, and other stacked traits.
The market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American oilseeds market has further been segmented into the US, Canada, and Mexico. The European oilseeds market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The oilseeds market in the rest of the world has been segmented into South America, the Middle East, and Africa.
Regional Market Summary
Global Oilseeds Market Share (%), by Region, 2021
Source: Secondary Sources and MRFR Analysis
North America is expected to dominate the market for oilseeds during the forecast period with the US being the major market contributor. However, the market in Canada is expected to be the fastest-growing during the forecast period of 2022 to 2030. Asia-Pacific is projected to be the fastest-growing regional market owing to the growing demand for cooking oil and biofuels among the large population in China and India. Europe also holds a substantial market share with a major production of canola and sunflower seeds. In the rest of the world, Brazil and Argentina are the major contributors to the growth of the oilseeds market.
Global Oilseeds Market, by Category
Global Oilseeds Market, by Oilseed Type
Global Oilseeds Market, by Biotech Trait
Global Oilseeds Market, by region
Key Players in the Oilseeds Market
|Market Size||USD 244.11 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Category, By Oilseed Type, By Biotech Trait, and By Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||BASF SE (Germany), Monsanto Company (US), Groupe Limagrain Holding (France), Syngenta (Switzerland), DuPont (US), Nuziveedu Seeds Ltd (India), Land O'Lakes Inc. (US), Cargill, Incorporated (US), Seed Co Limited (South Africa), Mahyco Seeds Company Limited (India)|
|Key Market Opportunities||Rising need for biofuels in developing as well as developed countries|
|Key Market Drivers||Growing demand for vegetable oils in households|
The Oilseeds Industry Size is expected to reach 244.11 Billion by 2030
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BASF SE (Germany), Monsanto Company (US), Groupe Limagrain Holding (France), Syngenta (Switzerland), DuPont (US), Nuziveedu Seeds Ltd (India), Land O'Lakes Inc. (US), Cargill, Incorporated (US), Seed Co Limited (South Africa), Mahyco Seeds Company Limited (India)
North America region has the largest Oilseeds Market share