PUBLISHER: The Business Research Company | PRODUCT CODE: 1414456
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414456
“Oilseed And Grain Seed Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on oilseed and grain seed market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for oilseed and grain seed? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The oilseed and grain seed market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Oilseed and grain seed encompass cereals suitable for human consumption, utilized either as feed grains or for oil production.
The primary segments within the oilseed and grain seed market revolve around these categories oilseed and grain seed. Oilseed denotes crops or seeds cultivated explicitly for oil extraction, serving as a crucial dietary component. Biotech traits associated with these seeds encompass herbicide tolerance, insecticide resistance, among others. These traits are distributed via diverse channels such as aftermarket avenues or through manufacturers, distributors, and service providers. They cater to applications across feed, food, industrial, agricultural industries, and the oil market.
The oilseed and grain seed market research report is one of a series of new reports from The Business Research Company that provides oilseed market and grain seed market statistics, including the oilseed market and grain seed market industry's global market size, regional shares, competitors with an oilseed market and grain seed market share, detailed oilseed market and grain seed market segments, market trends, and opportunities, and any further data you may need to thrive in the oilseed market and grain seed market industry. This oilseed market and grain seed market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The oilseed and grain seed market size has grown rapidly in recent years. It will grow from $104.68 billion in 2023 to $120.31 billion in 2024 at a compound annual growth rate (CAGR) of 14.9%. The growth witnessed during the historic period can be ascribed to several factors, including the expansion of the global population, governmental subsidies and backing, changes in dietary inclinations, the increasing globalization of food trade, fluctuations in climate and weather patterns, as well as substantial investments made in agricultural infrastructure. These combined elements contributed significantly to the observed growth trajectory.
The oilseed and grain seed market size is expected to see rapid growth in the next few years. It will grow to $197.93 billion in 2028 at a compound annual growth rate (CAGR) of 13.3%. Anticipated growth in the forecast period can be linked to several factors, notably the rising demand for functional and specialty grains, heightened emphasis on crop resilience and adaptability, advancements in high-oleic variety development, the expanding utilization of precision agriculture, and increased consumer awareness regarding nutritional advantages. Key trends expected in this period encompass the integration of digital farming practices, advancements in seed treatment technologies, greater adoption of genetically modified (GM) seeds, the implementation of biological seed treatments, and an augmented focus on traceability and quality assurance measures. These trends collectively indicate the evolving landscape of the industry during the forecasted period.
The projected upsurge in food demand is poised to drive the expansion of the oilseed and grain seed market. These seeds, crucial for human consumption and oil production, play a pivotal role in meeting food requirements. For instance, a report from the World Food Programme in July 2022 highlighted a global increase in hunger, with approximately 828 million people affected in 2021-marking a rise of 46 million from the previous year and 150 million since the onset of the COVID-19 pandemic. Projections indicate an expected 345.2 million people to face food insecurity in 2023, doubling compared to 2020 and surpassing pre-pandemic levels by 200 million. This heightened demand underlines the growth trajectory of the oilseed and grain seed market.
The expansion of trade activities is anticipated to propel the oilseed and grain seed market. These commodities, pivotal for food, agriculture, and industry, constitute a significant portion of global trade. Notably, the United Nations Conference on Trade and Development reported a substantial surge in global trade, reaching $28.5 trillion in 2021-a 25% increase from 2020 and a notable 13% rise compared to pre-pandemic levels. This trade surge signifies the market's growth potential within the oilseed and grain seed sectors.
Technological advancements stand as a prominent trend shaping the oilseed and grain seed market. Leading companies are introducing innovative technologies to bolster their market positions. For instance, in September 2022, Syngenta launched a pioneering tool utilizing satellite images to detect harmful nematodes, aiding in soybean crop protection from pests. This digital tool, equipped with a unique algorithm, identifies areas with high infestations, estimating potential crop losses-a significant leap in pest management technology.
Major players in this market are dedicated to developing novel wheat varieties, offering growers diverse options to enhance yields and bolster market revenues. In October 2022, BASF, in collaboration with its commercial partner, introduced two new wheat varieties, Kingston and Reilly, tailored for the upcoming 2023 season in Australia. Kingston caters to medium to higher rainfall zones, offering high yields, robust straw strength, and minimal residues. Meanwhile, Reilly provides rust management and resilience in low to medium-rainfall environments, addressing varied grower needs across different regions. These innovative varieties signify a strategic drive toward enhanced crop productivity and market competitiveness.
In January 2023, Cargill Incorporated, a US-based global food corporation acquired Owensboro Grain Company for an undisclosed amount. The acquisition provides Cargill with a more connected, resilient, and modernized grain experience to provide customers in different markets and increase grain capacity. Owensboro Grain Company LLC is a US-based integrated company involved in soybean processing facility and refinery.
Major companies operating in the oilseed and grain seed market report are Gansu Dunhuang Seed Co. Ltd., Hefei Fengle Seed Co. Ltd., Krishidhan Seeds Pvt. Ltd., Mahyco Private Limited, The Monsanto Company, Nuziveedu Seeds Ltd., BASF SE, Burrus Seed Farms Inc., Rallis Ltd., Seed Co. Group, Cargill Incorporated, Stine Seed Company, KWS Saat AG, CHS Inc., Mountain States Oilseeds LLC, Bayer AG, Louis Dreyfus Company, Dow Inc., Archer Daniels Midland Company, Soni Soya Products Limited, Kanematsu Corporation, AGT Food and Ingredients, Land O'Lakes Inc., Groupe Limagrain, Oilseeds International Ltd., Wilmar International Ltd., Cootamundra Oilseeds Pty. Ltd., Bora Agro Foods Pvt. Ltd., ETG Agro Private Ltd., Pacific Seed Company
North America was the largest region in the oilseed and grain seed market in 2023. The regions covered in the oilseed and grain seed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the oilseed and grain seed market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The oilseed and grain seed market consists of sales of canola, barley, oats, rye, quinoa, flax, canary seed, mustard, sunflower, and buckwheat. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.