"Oilseeds Market Projections: Valued at USD 243.542 Billion by 2030"
Market Highlights
The Oilseeds Market Size was valued at USD
243.542 billion by 2030, exhibiting a compound annual growth rate (CAGR) of
4.20% during the forecast period (2023–2030). Oilseed crops are one of the
important determinants of an agricultural economy. Thus, emphasis is laid on
the quality of oilseeds used to cultivate oilseed crops. The extraction of
harvested oilseed is used in various industries such as food, oleochemicals,
biofuel, and animal feed. The various types of oilseeds include sunflower seed,
soybean, canola seed, and cotton seed.
The global oilseeds market has been segmented based on category, oilseed type, biotech trait, and
region.
The global Oilseeds Market has been
segregated, by category, into conventional and genetically modified. The
conventional segment is expected to dominate the global oilseeds market during
the assessment period and is expected to register the higher CAGR during the
forecast period owing to the high production cost of genetically modified
seeds. However, to respond to the growing demand for oils, farmers are
gradually adopting seeds with biotech traits to improve the yield effectively
which is expected to lead to the growth of the genetically modified segment in
the future.
On the basis of oilseed type, the global
oilseeds market has been divided into soybeans, sunflower seeds, cotton seeds,
canola seeds, and others. The soybean segment is expected to dominate the
global oilseeds market and is projected to have a substantial growth rate
during the assessment period with yield improvement in the US and expansion of
soybean production area in Brazil, China, and India. However, the sunflower oil
segment is expected to exhibit the highest CAGR during the forecast period due
to the growing demand for sunflower oil as a cooking oil in the escalating
number of households.
The global market for oilseeds has also been
classified, by biotech trait, as insecticide-resistant, herbicide-tolerant, and
other stacked traits. The herbicide-tolerant segment is expected to dominate
the market. However, the insecticide-resistant segment is expected to register
the highest CAGR during the forecast period.
Key Players
Some of the key players oilseeds market are 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), and Mahyco
Seeds Company Limited (India)
Regional Analysis
On the basis of region, the global oilseeds
market has been segmented into North America, Europe, Asia-Pacific, and RoW.
North America is expected to dominate the global oilseeds market with the US
being the major contributor to the growth of the market. Moreover, the growing
adoption of genetically modified seeds by US farmers is expected to fuel the
growth of the North American market during the review period. Asia-Pacific also
held a significant share of the global oilseeds market in 2022 and the regional
market is expected to register the highest CAGR during the forecast period. The
growing demand for vegetable oil and increasing demand for soymeal in the feed
industry are driving the growth of the oilseeds market in Asia-Pacific. Europe
is also estimated to hold a prominent share of the global oilseeds market. In
the rest of the world, Brazil is expected to hold the majority share of the
oilseeds market.
Click Here to Get Sample Premium Report- : https://www.marketresearchfuture.com/sample_request/7808
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to
unravel the complexity of various industries through our Cooked Research Report
(CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R),
Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum
quality market research and intelligence services to our clients. Our market
research studies by products, services, technologies, applications, end users,
and market players for global, regional, and country level market segments,
enable our clients to see more, know more, and do more, which help to answer
all their most important questions.
In order to stay updated with technology and work process of
the industry, MRFR often plans & conducts meet with the industry experts
and industrial visits for its research analyst members.
Contact us:
Market Research Future (part of Wantstats Research and Media
Private Limited),
99 Hudson Street,5Th Floor, New York, New York 10013, United
States of America
Sales: +1 628 258 0071(US) +44 2035 002 764(UK)
Website: https://www.wantstats.com
Email: Sales@marketresearchfuture.com
Comments
Post a Comment