PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1510216
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1510216
Europe Oilseeds Market is valued approximately USD 57.28 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 3.62% over the forecast period 2024-2032. Oilseeds are crops primarily grown to extract oils, which are then used for various purposes, including cooking oil, biodiesel production, industrial applications, and animal feed. Major oilseeds cultivated in Europe include soybeans, rapeseed (canola), sunflower seeds, and linseed (flaxseed), and others. These crops are grown across various countries in Europe, with different regions specializing in different types of oilseeds based on climate, soil conditions, and agricultural practices. There's a growing consumer demand for sustainably produced and organic oilseeds and their derived products. This trend is driving changes in farming practices, with more farmers adopting organic and sustainable agriculture methods to meet market demand.
The Europe Oilseeds Market is experiencing a significant surge in demand, largely propelled by the growing consumer preference for vegetable oils. According to a Agricultural Information Network report, in 2023-24, European Union's oilseeds production is anticipated to grow at 4%. This demand is driven by various factors, including the rising population, changing dietary habits, and increasing awareness of the health benefits associated with vegetable oils. Consumers are increasingly choosing vegetable oils over traditional animal fats for cooking and food preparation due to their perceived health advantages, such as lower levels of saturated fats and higher content of unsaturated fats. In addition, vegetable oils are versatile ingredients used in a wide range of food products, including baked goods, snacks, sauces, and dressings, further boosting their demand. Moreover, the expansion of the biodiesel industry is amplifying the demand for oilseeds as feedstocks for biofuel production. Thus, the Europe Oilseeds Market is poised for continued growth and development to meet the rising demand for vegetable oils across various sectors. However, and a can stifle market growth between 2022 and 2032.
The key countries considered for the Europe Oilseeds market study includes UK, Germany, France, Italy, Spain, and Rest of Europe. In 2023, France was the largest market. The oilseeds market in France holds a significant position within Europe, characterized by the cultivation and trade of various oilseed crops. France is one of the leading producers of oilseeds in Europe, with a diverse agricultural landscape conducive to the cultivation of different crops. The major oilseed crops grown in France include rapeseed (canola), sunflower, soybeans, and linseed. Sunflower cultivation is also significant in France, with the country being one of the major producers of sunflower seeds in Europe. Sunflower oil derived from these seeds is used in cooking, food processing, and as a source of biodiesel. The market in UK, on the other hand, is expected to develop at the fastest rate over the forecast period.