Oilseeds Market – Analysis with Ongoing Trends & Market Revenue
by Mit K. SEODue to the growing health awareness among consumers, the
demand for healthy oil in the preparation of foods is increasing. The change in
the dietary habits of consumers has also led to an increase in demand for
oilseeds. The global oilseeds
market is estimated to be valued at USD 250.0 billion in 2019 and is
projected to reach USD 335.0 billion by 2025, recording a CAGR of 5.0%.
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By category, the oilseeds market is segmented into
conventional and genetically modified. The demand for genetically modified or
transgenic seeds remains high due to characteristics such as higher levels of
disease resistance, high output, and quality. Countries in the South American
and Asia Pacific regions witness high demand for oilseeds that are genetically
modified, to cater to the domestic market.
Based on application, the oilseed market is segmented into
vegetable oil and oilseed meal. The oilseed meal segment is further segmented
into food, feed, and industrial products. The food products segment is further
segmented into bakery & confectionery products, sauces, spreads, and
dressings, meat products, and others, which include baby food, isolated
proteins, and cereals. The vegetable oil segment is further segment into food
products and industrial products. The food products segment in the vegetable
oil segment is further segmented into bakery & confectionery products and
sauces, spreads, and dressings. The market for oilseeds is growing at a high
rate due to the changing consumer preferences from animal to plant products. In
addition, soy-based products are a major source of protein for vegans
worldwide. The high nutritional profile, low carbon footprint, and low price of
plant-sourced products are projected to encourage the consumption of oilseeds
in food applications. The demand for healthy and organic oilseed-processed
products, public-private partnerships in varietal development, and molecular
breeding in oilseeds are some of the factors driving the growth of the oilseeds
market.
Oilseeds are increasingly finding applications in the feed
industry due to the growing preference for natural and organic sources of
oilseeds among the feed manufacturers. The market is also witnessing increased
demand from the biodiesel sector. With the increasing demand for non-GMO
oilseeds in various sectors, the oilseeds market is projected to witness
significant growth. However, the market also faces various challenges such as
new entrants in the market and poor post-harvest management in developing
countries.
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North America provides the highest potential for growth due
to the favorable trade and price support systems, which drives market growth.
The demand for oilseeds remains high in the feed & food industries in North
America, which constitute a significant part of the overall demand in the
region. The introduction of stringent regulatory frameworks in the biofuel sector
is also driving the growth of the oilseeds market in the North American region.
This report includes a study on the marketing and
development strategies, along with a study on the product portfolios of the
leading companies operating in the oilseeds market. It includes the profiles of
leading companies such as Cargill (US), Archer Daniels Midland (US), Bühler
Group (Switzerland), Bunge Limited (Netherlands), AGT Food and Ingredients
(Canada), Louis Dreyfus Company (Netherlands), Mountain States Oilseeds (US),
Soni Soya Products Limited (India), Kanematsu Corporation (Japan), CHS Inc.
(US), Oilseeds International (US), Wilmar International (Singapore),
Cootamundra Oilseeds (Australia), Bora Agro Foods (India), and ETG Agro Private
Ltd (Africa).
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Created on Nov 4th 2020 06:47. Viewed 216 times.