PUBLISHER: The Business Research Company | PRODUCT CODE: 1653167
PUBLISHER: The Business Research Company | PRODUCT CODE: 1653167
Oilseed is a term used to describe a crop or seed specifically cultivated for the extraction of edible oil. Oil, a fundamental component of our diet and a significant source of fatty acids, is predominantly derived from oilseed crops. In a broader context, soybeans and peanuts can be considered as oilseeds.
The primary types of oilseeds include copra, cottonseed, palm kernel, peanut, rapeseed, soybean, sunflower seed, and others. Copra oilseeds pertain to the dehydrated, fleshy part of the coconut, utilized for oil extraction. The residual material after extraction is transformed into coconut-oil cake, serving as animal feed. Various biotech traits encompass herbicide tolerance, insecticide resistance, and other combined traits categorized into genetically modified and conventional types. Diverse applications involve oilseed meal, vegetable oil, and other applications utilized across various industries such as food, personal care and cosmetics, pharmaceuticals, and other end-user sectors.
The oilseeds market research report is one of a series of new reports from The Business Research Company that provides oilseeds market statistics, including global oilseeds industry size, regional shares, competitors with an oilseeds market share, detailed oilseeds market segments, market trends, and opportunities, and any further data you may need to thrive in the oilseeds industry. This anomaly detection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The oilseeds market size has grown strongly in recent years. It will grow from $326.04 billion in 2024 to $357.49 billion in 2025 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to demand for edible oils, population growth, changing diets, trade policies, consumer preferences.
The oilseeds market size is expected to see strong growth in the next few years. It will grow to $519.39 billion in 2029 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to biofuel production, health and wellness trends, global economic trends, climate change impact, rising health consciousness, biofuel expansion. Major trends in the forecast period include technology and farming practices, plant-based movement, technology integration.
The increasing use of oilseeds in animal feed is anticipated to drive the growth of the oilseed market in the coming years. Oilseeds are a valuable source of oil, fatty acids, vitamins, minerals, protein, and fiber, which are commonly utilized in oil extraction. After the oil is extracted from oilseeds, the nutrient-rich pulp is processed into oilcake or meals and fed to dairy farm animals to enhance milk production and quality while also lowering feed requirements. For example, in 2022, a report indicated that India's oilseed production for the marketing year 2022/23 is projected to reach 42.1 million metric tons, representing a 1% increase. Additionally, oil meal production is expected to rise by 2% to 20.7 million metric tons, with exports forecasted to grow by 13% to 3.7 million metric tons. Consequently, the growing use of oilseeds in animal feed is fueling the demand for the oilseed market.
The growth of the oilseeds market is also expected to be propelled by the rising demand in the personal care sector. Personal care encompasses practices and products individuals use for personal hygiene, grooming, appearance, and overall well-being. Integrating oilseeds into personal care products capitalizes on their natural benefits, providing consumers with healthier and more natural alternatives to synthetic or chemical ingredients for skin and hair care. For example, the Bureau of Labor Statistics reported a 12. 3% increase in the average consumer expenditure on personal care products in September 2023, reaching $866 in 2022, up from $771 in 2021. Hence, the growing demand in personal care is contributing to the expansion of the oilseeds market.
Major companies in the oilseeds market are concentrating on technological advancements, such as Edible Oils-Oilseeds, to improve processing methods and develop healthier oil products, addressing rising consumer demand and environmental concerns. The National Mission on Edible Oils-Oilseeds aims to increase domestic production of edible oils and oilseeds, reduce reliance on imports, and enhance farmers' livelihoods through better cultivation practices and processing technologies. For example, in October 2024, the Government of India launched the National Mission on Edible Oils-Oilseeds (NMEO-Oilseeds) to boost domestic oilseed production and achieve self-sufficiency in edible oils. Edible oils derived from oilseeds are widely utilized in cooking, food processing, nutritional supplements, cosmetics, industrial applications, animal feed, and pharmaceuticals, underscoring their vital role in various sectors.
Major companies in the oilseeds market are increasing their investments to drive revenue growth. In October 2023, Gemini Edibles and Fats India Ltd, an Indian company specializing in oilseed manufacturing, announced a Rs 600 crore investment to establish an oil refinery and an oilseed crushing plant. The project, once operational, will crush sunflower seeds and refine oils such as rice bran, cottonseed, and sunflower, generating employment for approximately 1,000 people. This investment aims to meet the rising demand for edible oils and fats in India.
In October 2023, Louis Dreyfus Company (LDC), a U.S.-based global merchant and processor of agricultural products, including oilseeds, grains, and other commodities, acquired a grains and oilseeds warehouse for an undisclosed amount. This acquisition aims to improve supply chain efficiency, boost storage capacity, and strengthen LDC's position in the local agricultural market. The Grains & Oilseeds Warehouse, located in Argentina, serves as a vital facility for the storage and distribution of agricultural commodities.
Major companies operating in the oilseeds market include The Archer Daniels Midland Company, BASF SE, Burrus Seed Farm LLC, Cargill Incorporated, Corteva Agriscience, Mahyco Seeds Limited, Syngenta Group Co. Ltd., Gansu Dunhuang Seed Group Co. Ltd., Bunge Limited, Land O'Lakes Inc., Nuziveedu Seeds Limited, Ostro Organics Inc., Wilmar International Limited, Cootamundra Oilseeds Pty Ltd., Soni Soya Products Limited, Groupe Limagrain Holding SA, La Tourangelle Inc., BIO PLANETE Olmuhle Moog GmbH, Seed Co Limited, Roland Foods LLC, OPW Ingredients GmbH, Groupe Limagrain SA, Bayer AG, KWS SAAT SE & Co. KGaA, Syngenta Crop Protection AG, Provital Group, Chenguang Biotech Group Co Ltd., United Genetics Seeds Co., Pioneer Hi-Bred International Inc., Delta and Pine Land Company
North America was the largest region in the oilseeds market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the oilseeds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the oilseeds market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The oilseed market consists of sales of groundnut, rapeseed & mustard, soybean, sunflower, sesame, safflower and castor and linseed. 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.
Oilseeds Global Market Report 2025 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 oilseeds 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 oilseeds ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The oilseeds 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.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.