Oilseed Market Size, Share, Demand, Future Growth Analysis, Industry Forecast 2032

Oilseed Market Insights

Zion Market Research has published a report on the global Oilseed Market, estimating its value at USD 317.39 Billion in 2023, with projections indicating that it will reach USD 488.17 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 4.9% over the forecast period 2024-2032.

The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Oilseed industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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Oilseed Market Overview

Oilseeds have myriad applications due to its huge protein content. In addition to this, the product imparts key functional features like water & oil holding capacity, viscosity, emulsification, and whipping capacity when added to other foods. For instance, soybean & rapeseed protein isolates possesses huge whipping capacity. Furthermore, oilseeds find extensive application in pharmaceutical, food, animal feed, and cosmetics industries. Apparently, oil derived from oilseeds is utilized in food items for human intake and residue of the same oil is utilized in animal feed.

Furthermore, oilseeds are utilized in printer inks, paint binders, and varnishes. These products are also used in producing cooking oil and cosmetics.

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Market Growth Dynamics

Massive demand for plant oil across the bio-diesel sector will propel the expansion of oilseed industry over the forecast timespan. In addition to this, large-scale use of oilseeds in bio-fuels, households, and food service sectors is likely to create lucrative growth avenues for the market in the foreseeable future. Apparently, rise in the adoption of vegetable oil along with enhanced cultivation of oilseeds across the globe will further prompt the elevation of the market size over the years to come.

Humungous use of soybean due to its high protein content will spur the industry landscape in the years ahead. Nonetheless, oscillating costs of the oilseeds are likely to put brakes on the market earnings in the years to come. Apart from this, swift changes in the climatic conditions can adversely impact the crop yield, thereby further obstructing the industry progression. However, with new entrants entering the business, the oilseed market growth graph is predicted to experience an immense upsurge over the coming decade, thereby nullifying the negative impact of hindrances on the market growth. Many of the oilseeds like sesame oil and rapeseed oils are used as marinades in European countries, thereby steering the business space.

Oilseed Market: Report Scope

North America To Lead Overall Market Growth Over 2024-2032

The regional market expansion over the assessment timespan is attributed to rapidly changing food habits resulting in massive usage of oilseeds in food preparations across the countries like the U.S. Apart from this, need for curbing carbon emissions due to growing environmental concerns has resulted in growing trend towards use of biofuels in vehicles, thereby further boosting the regional market trends. In addition to this, U.S. is one of the key manufacturers of oilseeds globally and has contributed sizably towards the overall market revenue. This, in turn, will prompt the rapid expansion of the market in North America within the next couple of years. Additionally, large-scale demand for organic foods in the countries like Canada and the U.S. will translate into rise in the usage of the oilseeds in the food & beverage sector, thereby steering the business growth in the sub-continent.

Key players leveraging the industry growth and enlarging the market scope are-

• Bora Agro Foods
• Soni Soya Products Limited
• Oilseeds International
• Archer Daniels Midland
• Cootamundra Oilseeds
• Mountain States Oilseeds
• Bunge Limited
• Bühler Group
• Louis Dreyfus Company
• AGT Food and Ingredients
• Cargill
• CHS Inc.
• Kanematsu Corporation
• Wilmar International
• ETG Agro Private Ltd.

The global oilseed market is segmented as follows:

By type:

• Soybean
• Palm kernel
• Sunflower
• Cottonseed
• Copra
• Groundnut
• Rapeseed
• Others (linseed/flaxseed, safflower, and grapeseed)

By category:

• Genetically modified
• Conventional

By application:

• Oilseed meal
  • Food products
    • Sauces, spreads, and dressings
    • Bakery & confectionery products
    • Meat products
    • Others
  • Industrial products
  • Feed
• Vegetable oil
  • Food products
    • Sauces, spreads, and dressings
    • Bakery & confectionery products
    • Meat products
    • RTE, snacks, and savory products
  • Industrial products

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa