The global oilseeds market size was valued at $244,115.9 million in 2020, and is estimated to reach $382,474.0 million by 2031, registering a CAGR of 4.1% from 2022 to 2031.
Oilseeds are grown primarily for obtaining oil. The major sources of edible oils are copra, cottonseed, palm kernel, peanut, rapeseed, soybean, and sunflower seed. Oil is extracted either by mechanical extraction processes in oil mills or by chemical extraction using solvents. For example, the oil content in seeds ranges from 20% for soybean and 40% for sunflowers and rapeseed. After the extraction process, the crushed seeds are further processed into animal feeds.
In 2020, the soybean segment accounted for approximately three-fifths share of the global market in terms of volume. Increase in the consumption of soybean, owing to its increased application in the production of edible oil, fatty acids, soaps, biodiesels, and animal feed is expected to drive the market growth. Further, increase in production of soybean in Brazil, Argentina, and others propel the market growth. In addition, surge in the global population has led to increase in demand for edible oils for preparing food products. Moreover, supportive government policies to increase agricultural production of oil fuel the market growth. In addition, advancements in seed technologies and biotech traits, such as herbicide tolerant, insecticide resistant, and other stacked trait, are anticipated to supplement the market growth.
Outbreak of COVID-19 has positively impacted the overall growth of the oilseeds market. Increased demand for household edible oil, production of oilseeds and export and import activities in oilseeds industry were some of the factors attributable to increase the growth of the market in 2020.
According to the oilseeds market analysis, the oilseeds market is segmented into oilseed type, product, breeding type, biotech trait and region. On the basis of oilseed type, the market is categorized into copra, cottonseed, palm kernel, peanut, rapeseed, soybean and sunflower seed. By product, it is bifurcated into animal feed and edible oil. Depending on breeding type, it is segregated into genetically modified and conventional. On the basis of biotech trait, market is bifurcated into herbicide tolerant, insecticide resistant and other stacked trait. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, Netherlands, Spain, France, Italy, UK, Russia, Ukraine and Rest of Europe), Asia-Pacific (China, India, Japan, Indonesia, South Korea and Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Paraguay, South Africa and Rest of LAMEA).
LAMEA has gained highest share in the global oilseeds market after Asia-Pacific, and is expected to sustain its share during the forecast period. 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. Increasing production and its export to major countries including France, Germany and Spain are expected to garner the growth of the LAMEA oilseeds market
The major players operating in the market are Archer Daniels Midland Company, BASF SE, Bayer AG, Burrus Seed Farms, Inc., Cargill Incorporated, Corteva Agriscience, Gansu Dunhuang Seed Industry Group Co., Ltd., KWS SAAT SE & Co., Mahyco Seeds Ltd and Syngenta Crop Protection AG.
Oilseeds are grown primarily for obtaining oil. The major sources of edible oils are copra, cottonseed, palm kernel, peanut, rapeseed, soybean, and sunflower seed. Oil is extracted either by mechanical extraction processes in oil mills or by chemical extraction using solvents. For example, the oil content in seeds ranges from 20% for soybean and 40% for sunflowers and rapeseed. After the extraction process, the crushed seeds are further processed into animal feeds.
In 2020, the soybean segment accounted for approximately three-fifths share of the global market in terms of volume. Increase in the consumption of soybean, owing to its increased application in the production of edible oil, fatty acids, soaps, biodiesels, and animal feed is expected to drive the market growth. Further, increase in production of soybean in Brazil, Argentina, and others propel the market growth. In addition, surge in the global population has led to increase in demand for edible oils for preparing food products. Moreover, supportive government policies to increase agricultural production of oil fuel the market growth. In addition, advancements in seed technologies and biotech traits, such as herbicide tolerant, insecticide resistant, and other stacked trait, are anticipated to supplement the market growth.
Outbreak of COVID-19 has positively impacted the overall growth of the oilseeds market. Increased demand for household edible oil, production of oilseeds and export and import activities in oilseeds industry were some of the factors attributable to increase the growth of the market in 2020.
According to the oilseeds market analysis, the oilseeds market is segmented into oilseed type, product, breeding type, biotech trait and region. On the basis of oilseed type, the market is categorized into copra, cottonseed, palm kernel, peanut, rapeseed, soybean and sunflower seed. By product, it is bifurcated into animal feed and edible oil. Depending on breeding type, it is segregated into genetically modified and conventional. On the basis of biotech trait, market is bifurcated into herbicide tolerant, insecticide resistant and other stacked trait. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, Netherlands, Spain, France, Italy, UK, Russia, Ukraine and Rest of Europe), Asia-Pacific (China, India, Japan, Indonesia, South Korea and Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Paraguay, South Africa and Rest of LAMEA).
LAMEA has gained highest share in the global oilseeds market after Asia-Pacific, and is expected to sustain its share during the forecast period. 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. Increasing production and its export to major countries including France, Germany and Spain are expected to garner the growth of the LAMEA oilseeds market
The major players operating in the market are Archer Daniels Midland Company, BASF SE, Bayer AG, Burrus Seed Farms, Inc., Cargill Incorporated, Corteva Agriscience, Gansu Dunhuang Seed Industry Group Co., Ltd., KWS SAAT SE & Co., Mahyco Seeds Ltd and Syngenta Crop Protection AG.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the global oilseeds market with current trends and future estimations to elucidate the imminent investment pockets in the market
- The report provides information regarding drivers, restraints, and opportunities with impact analysis
- A quantitative analysis from 2020 to 2031 is provided to showcase the financial competency of the market
- Porter’s five forces model of the industry illustrates competitiveness of the market by analyzing various parameters such as threat of new entrants, threat of substitutes, bargaining power of the buyers, and bargaining power of the suppliers operating in the market
- Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain
- Competitive intelligence highlights business practices followed by leading market players across various regions
KEY MARKET SEGMENTS
By Oilseed Type
- Copra
- Cottonseed
- Palm Kernel
- Peanut
- Rapeseed
- Soybean
- Sunflower Seed
By Product
- Animal Feed
- Edible Oil
By Breeding Type
- Genetically Modified
- Conventional
By Biotech Trait
- Herbicide Tolerant
- Insecticide Resistant
- Other Stacked Trait
By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Netherlands
- Spain
- France
- Italy
- UK
- Russia
- Ukraine
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Indonesia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- Paraguay
- South Africa
- Rest of LAMEA
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Landscape
Chapter 4: Oilseeds Market, by Oilseed Type
Chapter 5: Oilseeds Market, by Product
Chapter 6: Oilseeds Market, by Breeding Type
Chapter 7: Oilseeds Market, by Biotech Trait
Chapter 8: Oilseeds Market, by Region
Chapter 9: Company Profiles
List of Tables
List of Figures
Executive Summary
According to a new report titled, “Oilseeds Market by Oilseed Type, Product, Breeding Type and Biotech Trait: Global Opportunity Analysis and Industry Forecast, 2022-2031,”The global oilseeds market size was valued at $244,115.9 million in 2020, and is estimated to reach $382,474.0 million by 2031, registering a CAGR of 4.1% from 2022 to 2031.
In 2020, the soybean segment accounted for approximately half of the share of the global market, in terms of revenue, and approximately three-fifths share in terms of volume. Oil seeds are crops or seeds cultivated for the extraction of edible oil for households and industrial purposes. The edible oil produced from oilseeds is used as feedstock for biodiesels production. The residual content of oilseeds is called as oil cake, and is used as animal feed. Copra, cottonseed, palm kernel, peanut, rapeseed, soybean, and sunflower seed are the major oilseeds used for extraction of oil.
Advancement in agricultural biotechnology has led to wider acceptance of genetically modified (GM) seeds, thereby increasing the area under cultivation of GM seeds across the globe. This helped to reduce the expenses to manage crop biotic stresses, such as weeds, insects, and microbial pests, leading to strong commercial success. Moreover, proactive government initiatives and surge in national & international associations to increase the agricultural production of oil to meet the need for food products are anticipated to fuel the oilseeds market growth.
However, uncertainty in climatic conditions leads to the lower production of oilseeds resulting in fluctuation of prices. Thus, continued volatility in the prices of oilseeds is anticipated to restrain the growth of the market. Moreover, rise in demand for vegetable oil/edible oil produced from oil seeds in the manufacturing of biodiesel is expected to provide lucrative opportunities to the market players.
Outbreak of COVID-19 positively affected the growth of the oilseeds market in 2020. For instance according to The Food and Agriculture Organization (FAO), in April, 2020, the exports of agriculture products dropped for most product groups with notable exception of oil seeds and leaginous fruits. Furthermore, increased demand for household edible oil and increased production of oilseeds were also attributed for the growth of the market in 2020.
According to the oilseeds market analysis, the oilseeds market segmented into oilseed type, product, breeding type, biotech trait and region. On the basis of oilseed type, the market is categorized into copra, cottonseed, palm kernel, peanut, rapeseed, soybean and sunflower seed. By product, it is bifurcated into animal feed and edible oil. Depending on breeding type, it is segregated into genetically modified and conventional. On the basis of biotech trait, market is bifurcated into herbicide tolerant, insecticide resistant and other stacked trait. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, Netherlands, Spain, France, Italy, UK, Russia, Ukraine and Rest of Europe), Asia-Pacific (China, India, Japan, Indonesia, South Korea and Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Paraguay, South Africa and Rest of LAMEA).
According to the oilseeds market trends, on the basis of oilseeds type, the cottonseed was valued at $8,282.3 million in 2020, and is projected to reach $11,309.9 million by 2031, growing at a CAGR of 2.8% from 2022 to 2031. Cottonseed hulls serve as an excellent source of feed for the livestock. Moreover, the cottonseed after the oil extraction is another feed product for the livestock. The cottonseed oil serves as a nutritious food and is used as a cooking oil for frying in both commercial and home cooking. Thus, above factors are likely to garner the growth of the market through cottonseed segment during the forecast period.
Byproduct, the edible oil segment accounted for the significant share in the global market in 2020 and is expected to increase its share during the forecast period. Oils are majorly extracted from oilseeds. They have been a part of human diet for ages and are being used in food, both for cooking and as supplements. Vegetable/edible oil extracted from oilseeds are rich source of oleic acid, essential fatty acids such as linoleic acid (Omega 6) and alpha-linoleic acid (Omega 3), monounsaturated fatty acids, as well as vitamin E (tocopherol) and vitamin K. Thus, surge in demand for editable oil form household and food service sectors is expected to garner the growth of the oilseeds market during the forecast period.
On the basis of breeding type, the genetically modified segment accounted for significant share in global oilseeds market and is expected to sustain its share throughout the oilseeds market forecast period. Advancement in agricultural biotechnology has been a major factor boosting the introduction of genetically modified (GM) oilseeds. In 2020, the GM seeds segment accounted for 53.4% share of the global market in terms of value, and is expected to grow at a CAGR of 4.4%. 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.
According to the oilseeds market opportunities, on the basis of biotech trait, the insecticide resistant segment was the significant contributor to the market, and is expected to increase its contribution during the forecast period. Insect-resistant oilseeds or crops incorporate specific genetic material that naturally imparts pest killing attributes to the crops. The sustainable and economic advantages of insect-resistant oilseeds or crops are drastic reduction or negligible use of synthetic insecticides, improved productivity & quality of plants, protection from different diseases, and minimal or zero loss of crops due to attack of insects. Constant growth in population result in increasing the food production demand and increase in requirement for food security in different countries boost the growth of this segment.
According to the oilseeds market opportunities, region wise, LAMEA gained highest oilseeds market share after Asia-Pacific and is expected to sustain its share during the forecast period. 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 growth of the Brazil oilseeds market.
The players operating in the oilseeds industry have adopted product launch and business expansion as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Archer Daniels Midland Company, BASF SE, Bayer AG, Burrus Seed Farms, Inc, Cargill Incorporated, Corteva Agri science, Gansu Dunhuang Seed, Industry Group Co., Ltd., KWS SAAT SE & Co., Mahyco Seeds Ltd and Syngenta Crop Protection AG.
Key Findings Of The Study
The oilseeds market size was valued at $244,115.9 million in 2020, and is estimated to reach $382,474.0 million by 2031, registering a CAGR of 4.1% from 2022 to 2031.
- In 2020, depending on oilseeds type, the peanut segment acquired $48,378.2 million, garnering 198% of the global oilseeds market share
- In 2020, on the basis of product, the animal feed segment acquired $139,143.2 million, exhibiting 570% of the global oilseeds market share
In 2020, on the basis of biotech trait, the other stacked trait segment acquired $105,637.8 million, exhibiting 43.3% of the global oilseeds market share.
China was the most prominent oilseeds market in Asia-Pacific in 2020, and is projected to reach $115,632.6 million by 2031, growing at a CAGR of 3.3% during the forecast period.
Companies Mentioned
- Archer Daniels Midland Company
- BASF SE
- Bayer AG
- Burrus Seed Farms, Inc
- Cargill Incorporated
- Corteva Agri science
- Gansu Dunhuang Seed,
- Industry Group Co., Ltd.
- KWS SAAT SE & Co.
- Mahyco Seeds Ltd
- Syngenta Crop Protection AG.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 220 |
| Published | February 2022 |
| Forecast Period | 2020 - 2031 |
| Estimated Market Value ( USD | $ 244115.9 million |
| Forecasted Market Value ( USD | $ 382474 million |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
