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Oilseed Farming in the US - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

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    Report

  • 41 Pages
  • June 2024
  • Region: United States
  • IBISWorld
  • ID: 239359

Sprouting anew: Industry revenue is expected to continue growing as the price of oilseeds stabilizes

The Oilseed Farming industry produces mainly canola, sunflower and flaxseed, and is small compared with other agriculture sector industries. This causes industry conditions to fluctuate significantly in line with changes in the US agricultural sector at large, based on both global and domestic supply conditions. Industry revenue also generally moves in line with changes in the price of oilseeds. Many US farmers can choose to grow other crops, such as corn or soybeans, in any given year depending on expected yields and price, causing drastic fluctuations in the planted acreage and harvests of oilseeds. As a result, industry revenue has fluctuated in recent years, largely in line with movements in the price of oilseeds. Overall, industry revenue has grown at an expected CAGR of 12.6% to reach $2.1 billion in 2023, when revenue is set to rise 0.1%.

Farmers in this industry grow a variety of oilseeds, including canola seeds, sunflower seeds, flaxseeds, safflower seeds and mustard seeds. Soybeans, cottonseeds and peanuts are not included in this industry report.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY

Methodology

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