Latest News:- Oilseeds Market: Soybean is expected to lead the Type segment during 2024-2028

Oilseeds Market to grow at a CAGR of 4.8% during 2024-2028

The Oilseeds Market is expected to grow at a CAGR of 4.8% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 78 billion. The beauty and personal care industries have witnessed a significant shift towards natural and organic products in recent years. Factors such as the expanding millennial demographic, particularly in the Asia Pacific region, the surge in online presence and digital consumption, rising per capita income, and increasing consumer consciousness towards sustainable and eco-friendly solutions have fueled the demand for organic cosmetics and personal care products. Consequently, there has been a heightened interest in specialty ingredients like palm and olive oils, which are widely used in the production of these natural products. 

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The Soybean subsegment is expected to dominate the Type segment during the forecast period 

Technavio analysts predict that the Soybean subsegment will lead the Type segment during 2024 and 2028 The oilseeds market is a significant business sector, characterized by robust growth and dynamic trends. Key players in this industry include Archer Daniels Midland Company, Bunge Limited, and Cargill Incorporated. They focus on cultivating and processing various oilseeds such as soybeans, sunflower seeds, and rapeseed, to produce edible oils and meals. Market expansion is driven by increasing demand for biodiesel, food ingredients, and animal feed. Strategic collaborations and technological advancements are crucial for competitive edge.

Here are the various ways based on which the market is segmented: 

• Type
  • Soybean
  • Sunflower
  • Cottonseed
  • Palm kernel
  • Others
• Geography
  • North America
  • APAC
  • Europe
  • South America
  • Middle East and Africa

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There are several factors that are causing the market to flourish increasing demand for trans-fat-free oils

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

The Oilseeds market encompasses a range of seeds that produce edible oils and meals, including Soybeans, Sunflower Seeds, and other conventional oilseeds. These seeds are rich in essential nutrients such as Tocopherols (Vitamin E) and Flavonoids (antioxidants), making them valuable for both food and industrial applications. Food demand for healthy products drives the Oilseeds market, with edible oils used for cooking and as ingredients in various food products. However, weather changes and climate change pose challenges to crop productivity, affecting the quality and quantity of Oilseeds produced. Phytochemicals in Oilseeds, such as Nitrogen restoration and soil quality enhancers, are essential for maintaining soil health and increasing crop yields. Soybean Meal and Sunflower Meal are popular animal feed ingredients, contributing significantly to the Feed Industry. Sunflower Seeds and Soybeans contain high levels of Protein, Calcium, Carbohydrate, and Oil. Contamination is a concern in the Oilseeds market, with Ash content and other impurities affecting the quality and market value of the produce. The Seed business thrives on the production of Hybrid Seeds, with Farmers relying on them for higher yields and disease resistance. Edible oil self-sufficiency and domestic production are priorities for many countries, making the Oilseeds market a significant contributor to Vegetable Oil production and the economy as a whole.

Market Research Overview

In the agricultural products and services sector, businesses operate within the food and non-food categories, encompassing agriculture, aquaculture, floriculture, and horticulture, as well as associated services. The agriculture segment focuses on the cultivation of vegetables, fruits, oilseed crops, beverage and spice crops, medicinal and aromatic plants, and fodder crops. Pre-production processes are a crucial aspect of this sector, involving strategic decisions such as crop or species selection and comprehensive land or pond preparation to ensure optimal growing conditions and maximum yield.

The Oilseeds Market is experiencing significant growth, fueled by the increasing demand for trans-fat-free oils. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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