Oilseeds Market

Oilseeds Market

Oilseeds Market Forecasts to 2028 - Global Analysis By Oilseed Type (Soybean, Sesame, Sunflower, Copra, Peanut, Palm Kernel, Canola Seed, Rape Seed, Cotton Seed and Other Oilseed Types), Category (Genetically Modified, Conventional and Other Categories), Product, Application, End User and By Geography

4.0 (87 reviews)
4.0 (87 reviews)
Published: 2023 ID: SMRC22242

This report covers the impact of COVID-19 on this global market

Years Covered


Estimated Year Value (2022)

US $273.38 BN

Projected Year Value (2028)

US $402.06 BN

CAGR (2022 - 2028)


Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Oilseeds Market is accounted for $273.38 billion in 2022 and is expected to reach $402.06 billion by 2028 growing at a CAGR of 6.64% during the forecast period. Oilseeds like sunflower, groundnut and soybean are mainly used as vegetable oil in households. Oil is extracted from the seeds during processing. People use these oilseeds as they are very beneficial to health. The oil produced from oilseed is used in human food products, while the oil residue is used as animal feed. They generate huge income and employment. These oilseeds are used in biodiesel, pharmaceuticals, paints, food, cosmetics, animal feed and domestic use. It has huge production due to increased acceptance and availability of large area for cultivation. Oilseeds have grown the value of seeds due to worldwide usage.

According to the National Mission on Oilseeds and Palm Oil, the government of all countries are spending more than 110 billion rupees ($1.48 billion) to deliver farmers with everything they need, including better technology and seeds.


Market Dynamics:


Rising demand of oilseeds for various applications

Oilseeds are used in different segments for various purposes. They are high in demand due to its several applications. Sunflower oil is used for cooking as well as in cosmetic products. Linseed Oil is used for varnishes, paints and lubricants. Soybeans are widely used in cooking as substitute for sunflower oil. Rapeseeds are used for biodiesel. Thus, the increasing demand for oilseeds for various applications is anticipated to drive the market's growth rate.


Climatic problems

Oilseeds production is facing low production due to non-availability of varieties having climate resilience. Temperature, rainfall and floods were affecting the production of sunflower, soybean and groundnuts. This factor is influencing the crop choice decision. The altering weather conditions are detoriating the seed quality and production which is restraining the growth of the market.


Rising government initiatives

Governments all over the globe are taking initiatives to increase the manufactures of oilseeds and cut expensive vegetable oil imports. This made all the regions become self-sufficient in edible oil and upsurge local oilseed output. Many schemes has been implemented to encourage the farmers and to increase the exports. The government is providing price assurance; subsidies, funds and enhancing the agencies are fuelling the market growth of oilseeds.


Fluctuating price rates

The non availability of hybrids for groundnut and soybean oilseeds is limiting the productivity. The high seed rate and low oil content are increasing the cost of oil drastically. The non-availability of varieties and less production with increased demand of oil are growing the price rates rapidly. The fluctuating price rates are causing low yield and challenging the demand for the market.

Covid-19 Impact

The agriculture sector across the globe as witnessed the sudden increased demand from the consumers amid ongoing COVID-19 crises in the world. People replaced their food consumption with home cooking where edible oil is used in large amounts. This increased the exports and imports and bought dynamic changes in consumption. Huge demand of oil took place during the pandemic and later has increased the prices of oil. Even though despite of price rise, the market is facing heavy demand and growth.

The sunflower segment is expected to be the largest during the forecast period

The sunflower segment is estimated to have a lucrative growth, due to its rich source of oil, protein, calcium, carbohydrate and ash. The seeds are widely used in household and feed industry. They are used as substitute for soybeans. They are extensively used for manufacturing of paints, varnishes, cosmetic products, fertilizers and lubricants. They provide huge health benefits and could turn out to be an unreliable supply of oil for biofuels which is anticipated to a lucrative growth of the market.

The conventional segment is expected to have the highest CAGR during the forecast period

The conventional segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its organic products. These seeds are cheaply available and produced through natural pollination. It is eco friendly and enhances quality soil and nitrogen restoration. It increases the food demand and maximizes the production. Product innovation and modernization of conventional farming techniques are propelling the growth of the market.

Region with highest share:

North America is projected to hold the largest market share during the forecast period owing to the increased use of cooking oil in regular cooking. This region is the world's largest soybean producer and second largest exporter. Soybean oil is widely used in this region because of its high protein and high oil content. The 90% of population in this region consumes soybean oil which is accelerating the growth of the market.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the growing food processing industries and increasing soybean production. This region is considered the 4th largest producer of oilseeds. Soybean is the most important crop grown here. It sustains huge growth due its value and volume. The large population in the region raised the demand for cooking oil and biofuels which is fuelling the market growth.

Key players in the market

Some of the key players profiled in the Oilseeds Market include BASF SE, Archer Daniels Midland Company, Burrus Seed Farms Inc, Bayer AG, Syngenta Crop Protection AG, Cargill Incorporated, KWS SAAT SE & Co, Gansu Dunhuang Seed Industry Group Co Ltd, Corteva Agriscience, Mahyco Seeds Ltd, Buhler Group, Bunge Limited, Wilmar International, Loius Dreyfus Company, CHS Inc, AGT Food & Ingredients, Bora Agro Foods, ETG Agro Private Limited, Mountain States Oilseeds, Cootamundra Oilseeds, Kanematsu Corporation, Soni Soya Products Limited.

Key Developments:

In October 2022, BASF launches two new sustainable product families: Ultraform® LowPCF (Low Product Carbon Footprint) and Ultraform® BMB (Biomass Balance). These solutions are designed to support the sustainability goals of BASF’s customers. Ultraform® LowPCF leverages green electricity and an energy-efficient technology. Ultraform® BMB replaces fossil feedstock with renewable feedstock.

Oilseed Types Covered:
• Soybean
• Sesame
• Sunflower
• Copra
• Peanut
• Palm Kernel
• Canola Seed
• Rape Seed
• Cotton Seed
• Other Oilseed Types

Categories Covered:
• Genetically Modified
• Conventional
• Other Categories

Biotech Traits Covered:
• Insecticide Resistant
• Stacked Trait
• Herbicide Tolerant
• Other Biotech Traits

Products Covered:
• Edible Oil
• Animal Feed
• Other Products

Applications Covered:
• Food Products
• Bakery & Confectionery Products
• Oilseed Meal
• Vegetable Oil
• Industries
• Sauces, Spreads & Dressings
• Other Applications

End Users Covered:
• Commercial Sector
• Corporate Sector
• Household Area
• Residential Area
• Automobiles
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Oilseeds Market, By Oilseed Type
5.1 Introduction
5.2 Soybean
5.3 Sesame
5.4 Sunflower
5.5 Copra
5.6 Peanut
5.7 Palm Kernel
5.8 Canola Seed
5.9 Rape Seed
5.10 Cotton Seed
5.11 Other Oilseed Types

6 Global Oilseeds Market, By Category
6.1 Introduction
6.2 Genetically Modified
6.3 Conventional
6.4 Other Categories

7 Global Oilseeds Market, By Biotech Trait
7.1 Introduction
7.2 Insecticide Resistant
7.3 Stacked Trait
7.4 Herbicide Tolerant
7.5 Other Biotech Traits

8 Global Oilseeds Market, By Product
8.1 Introduction
8.2 Edible Oil
8.3 Animal Feed
8.4 Other Products

9 Global Oilseeds Market, By Application
9.1 Introduction
9.2 Food Products
9.3 Bakery & Confectionery Products
9.4 Oilseed Meal
9.5 Vegetable Oil
9.6 Industries
9.7 Sauces, Spreads & Dressings
9.8 Other Applications

10 Global Oilseeds Market, By End User
10.1 Introduction
10.2 Commercial Sector
10.3 Corporate Sector
10.4 Household Area
10.5 Residential Area
10.6 Automobiles
10.7 Other End Users

11 Global Oilseeds Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa

12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies

13 Company Profiling
13.1 BASF SE
13.2 Archer Daniels Midland Company
13.3 Burrus Seed Farms Inc
13.4 Bayer AG
13.5 Syngenta Crop Protection AG
13.6 Cargill Incorporated
13.7 KWS SAAT SE & Co
13.8 Gansu Dunhuang Seed Industry Group Co Ltd
13.9 Corteva Agriscience
13.10 Mahyco Seeds Ltd
13.11 Buhler Group
13.12 Bunge Limited
13.13 Wilmar International
13.14 Loius Dreyfus Company
13.15 CHS Inc
13.16 AGT Food & Ingredients
13.17 Bora Agro Foods
13.18 ETG Agro Private Limited
13.19 Mountain States Oilseeds
13.20 Cootamundra Oilseeds
13.21 Kanematsu Corporation
13.22 Soni Soya Products Limited

List of Tables
1 Global Oilseeds Market Outlook, By Region (2020-2028) ($MN)
2 Global Oilseeds Market Outlook, By Oilseed Type (2020-2028) ($MN)
3 Global Oilseeds Market Outlook, By Soybean (2020-2028) ($MN)
4 Global Oilseeds Market Outlook, By Sesame (2020-2028) ($MN)
5 Global Oilseeds Market Outlook, By Sunflower (2020-2028) ($MN)
6 Global Oilseeds Market Outlook, By Copra (2020-2028) ($MN)
7 Global Oilseeds Market Outlook, By Peanut (2020-2028) ($MN)
8 Global Oilseeds Market Outlook, By Palm Kernel (2020-2028) ($MN)
9 Global Oilseeds Market Outlook, By Canola Seed (2020-2028) ($MN)
10 Global Oilseeds Market Outlook, By Rape Seed (2020-2028) ($MN)
11 Global Oilseeds Market Outlook, By Cotton Seed (2020-2028) ($MN)
12 Global Oilseeds Market Outlook, By Other Oilseed Types (2020-2028) ($MN)
13 Global Oilseeds Market Outlook, By Category (2020-2028) ($MN)
14 Global Oilseeds Market Outlook, By Genetically Modified (2020-2028) ($MN)
15 Global Oilseeds Market Outlook, By Conventional (2020-2028) ($MN)
16 Global Oilseeds Market Outlook, By Other Categories (2020-2028) ($MN)
17 Global Oilseeds Market Outlook, By Biotech Trait (2020-2028) ($MN)
18 Global Oilseeds Market Outlook, By Insecticide Resistant (2020-2028) ($MN)
19 Global Oilseeds Market Outlook, By Stacked Trait (2020-2028) ($MN)
20 Global Oilseeds Market Outlook, By Herbicide Tolerant (2020-2028) ($MN)
21 Global Oilseeds Market Outlook, By Other Biotech Traits (2020-2028) ($MN)
22 Global Oilseeds Market Outlook, By Product (2020-2028) ($MN)
23 Global Oilseeds Market Outlook, By Edible Oil (2020-2028) ($MN)
24 Global Oilseeds Market Outlook, By Animal Feed (2020-2028) ($MN)
25 Global Oilseeds Market Outlook, By Other Products (2020-2028) ($MN)
26 Global Oilseeds Market Outlook, By Application (2020-2028) ($MN)
27 Global Oilseeds Market Outlook, By Food Products (2020-2028) ($MN)
28 Global Oilseeds Market Outlook, By Bakery & Confectionery Products (2020-2028) ($MN)
29 Global Oilseeds Market Outlook, By Oilseed Meal (2020-2028) ($MN)
30 Global Oilseeds Market Outlook, By Vegetable Oil (2020-2028) ($MN)
31 Global Oilseeds Market Outlook, By Industries (2020-2028) ($MN)
32 Global Oilseeds Market Outlook, By Sauces, Spreads & Dressings (2020-2028) ($MN)
33 Global Oilseeds Market Outlook, By Other Applications (2020-2028) ($MN)
34 Global Oilseeds Market Outlook, By End User (2020-2028) ($MN)
35 Global Oilseeds Market Outlook, By Commercial Sector (2020-2028) ($MN)
36 Global Oilseeds Market Outlook, By Corporate Sector (2020-2028) ($MN)
37 Global Oilseeds Market Outlook, By Household Area (2020-2028) ($MN)
38 Global Oilseeds Market Outlook, By Residential Area (2020-2028) ($MN)
39 Global Oilseeds Market Outlook, By Automobiles (2020-2028) ($MN)
40 Global Oilseeds Market Outlook, By Other End Users (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

For more details about research methodology, kindly write to us at info@strategymrc.com

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.


Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.