Oil seeds are generally used to extract edible oil for households and food industry. However over last two decades, usage of vegetable oil has been increased in the field of bio-fuel, due to shortage of non-renewable resources for various purposes. Oil seeds are pressed or crushed manually or mechanically to obtain edible oil. Few oilseeds such as Soybean and Peanuts are directly consumed as food besides extracting oil from them. In addition, poppy seed and hazelnuts, which are rich in oils are consumed directly, moreover these oil seeds are used as food ingredients in daily cooking.
In this PBI’s report of global oil seed market is segmented on the basis of types as Rapeseed, cottonseed, groundnuts, sunflower seed, Palm kernels and copra among others. Oilseed market can also be segmented on the basis of end-use application as household consumption, food-service, bio-fuels and others. In terms of regions, the market is segmented into four regions as North America, APAC, Europe and Rest of the world (Row).
Global Oilseed Market was valued at US$ XX Mn in 201X and expected to grow at X% Compound Annual Growth Rate (CAGR) over 201X to 202X
The key drivers of this market are the increased household consumption in emerging countries and growing foodservice industry. Growth in retail and modern oilseed processing technologies has further triggered the availability of product in the market. Another major factor that is expected to drive the market is demand for bio-fuels in developed and developing countries. Compulsory usage of bio-fuels in vehicles and other machinery would fuel the demand of oilseeds in the global market. Changing lifestyles followed by changing food preferences and experimenting with number of new food varieties; is driving the demand for oilseed market globally.
Some of the restraining factors over next six years period could be the gap in demand and supply worldwide. Increasing government regulations on manufacturing, exporting and marketing of oil could be a potential restraint to this market. Fluctuating weather conditions in various regions of the world could destroy the proper product availability in the market. Price fluctuations and loopholes in distribution channel could also act as potential barriers to the market growth.
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Some of the players in the global oilseeds market include:
• Syngenta AG (Switzerland)
• Monsanto Company (U.S)
• Bayer CropScience AG (Germany)
• Sakata Seed Corp (Japan)
• KWS SAAT SE (Germany)
• I. Du Pont De Nemours and Company (U.S.)
• Groupe Limagrain (France)
• Bunge Limited (U.S.)
• Wilmar International Limited (Singapore)
• Takii & Co. Ltd. (Japan)
“U.S. emerged the leading oilseed producer followed by Brazil, China, Argentina, India and the European Union.”
Reports as per Geographical analysis
The U.S is the largest oilseed producer in the world followed by China, Brazil, Argentina, India and the EU. The distribution channel includes hypermarkets/ supermarket, departmental stores and convenience stores among others for household and foodservice industry. Bio-fuels manufacturers follow a different supply chain altogether. They operate through distributors and other exclusive outlets for selling their products.
Market Scope: Oilseeds Market
Global oilseeds market is segmented on the basis of seed type, trait type, application, and region
Based on the seed type, oilseeds market is segmented into the following:
• Cotton Seeds
• Palm Seeds
• Sunflower Seeds
• Soybean Seeds
• Groundnut Seeds
• Vegetable Seeds
• Others
Based on the trait type, oilseeds market is segmented into the following:
• Conventional Seeds
• Genetically Modified Seeds
Based on the end-product application, oilseeds market is segmented into the following:
• Domestic
• Industries
• Bio-Fuels
Based on the region, oilseeds market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
For more information: https://precisionbusinessinsights.com/market-reports/asia-pacific-oilseeds-market/
