Oilseeds Market Size, Share, and Growth Analysis, By Oilseed Type (Copra, Cottonseed), By Biotech Trait (Herbicide Tolerant, Insecticide Resistant), By Category, By Application, By End-Use Industry, By Region - Industry Forecast 2025-2032

Oilseeds Market size was valued at USD 247.76 billion in 2023 and is poised to grow from USD 257.67 billion in 2024 to USD 352.64 billion by 2032, growing at a CAGR of 4.0% during the forecast period (2025-2032).

The global oilseeds market is witnessing significant growth driven by rising demand from an expanding population, particularly for vegetable oil in the biodiesel sector. This demand surge is propelling prices despite previous supply disruptions caused by climate change in key producing regions. The market expansion is largely occurring in emerging economies, notably China, Brazil, India, Malaysia, and Indonesia, which are expected to contribute approximately two-thirds of global growth. According to the FAO Agricultural Outlook, global oilseed production is projected to increase by about 23% by 2020, with the US leading as the top producer. Soybeans remain the dominant oilseed, projected to grow the fastest, owing to their critical role in meeting global consumption needs. The US oilseeds market is anticipated to maintain a sustainable CAGR in the upcoming forecast year.

Top-down and bottom-up approaches were used to estimate and validate the size of the Oilseeds market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Oilseeds Market Segments Analysis

Global Oilseeds Market is segmented by Oilseed Type, Biotech Trait, Category, Application, End-Use Industry and region. Based on Oilseed Type, the market is segmented into Copra, Cottonseed, Palm Kernel, Peanut, Rapeseed, Soybean, Sunflower Seed and Other. Based on Biotech Trait, the market is segmented into Herbicide Tolerant, Insecticide Resistant and Other Stacked Trait. Based on Category, the market is segmented into Genetically Modified and Conventional. Based on Application, the market is segmented into Oilseed Meal, Vegetable Oil and Other. Based on End-Use Industry, the market is segmented into Food Industry, Personal Care and Cosmetics, Pharmaceutical and Other. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Oilseeds Market

A key factor propelling growth in the global oilseeds market is the rising demand for vegetable oil, particularly from the biodiesel sector. As the world shifts towards renewable energy sources and moves away from traditional fossil fuels, the biodiesel industry has experienced significant expansion. This escalating demand for vegetable oil, primarily produced from various oilseeds, is a direct consequence of the increasing focus on sustainable energy solutions. Consequently, the biodiesel industry's growth plays a crucial role in enhancing the consumption and overall market dynamics of oilseeds on a global scale.

Restraints in the Oilseeds Market

A significant constraint within the global oilseeds market is the fluctuations in supply driven by shifting climate conditions. Key regions known for oilseed production have faced detrimental weather events, resulting in shortages and supply chain disruptions. Issues such as droughts, flooding, and extreme temperature variations adversely affect the production levels and the availability of oilseeds. These climate-induced challenges create imbalances between supply and demand, leading to price volatility and instability in the market. Therefore, effectively managing and addressing the risks linked to climate change is essential for ensuring sustainable growth and stability within the oilseeds industry.

Market Trends of the Oilseeds Market

As of October 2023, a significant trend in the oilseeds market is the heightened emphasis on sustainable and responsible sourcing practices. With growing consumer awareness surrounding the environmental and social implications of oilseed production, there is an escalating demand for ethically sourced and traceable oilseeds. Industry players are increasingly adopting sustainable agricultural techniques, which promote biodiversity, minimize pesticide usage, and uphold fair labor standards. This shift not only aligns with global sustainability goals but also caters to evolving consumer preferences for environmentally friendly products. As such, the oilseeds market is evolving, reflecting a broader commitment to sustainability and ethical practices within the agricultural sector.