Oilseeds Market Research Report 2019 By Size, Share, Key Players, Competitive Analysis, Statistics, Region, Global Industry Forecast To 2024
Sep 18, 2019
Oilseeds are the seeds used to cultivate oil crops such as sunflower, soybean, canola, and cotton. Oilseeds Market is expected to grow significantly with a considerable rate of CAGR, Global Oilseeds Market Global Research Report by Category, Type and Region
Pune, India - September 18, 2019 /MarketersMedia/ —
Oilseeds Market Scenario
The Global Oilseeds Market is growing rapidly over the past few years, mainly due to the rising demand for oilseed extracts. A large amount of market demand attributes to the increasing production and sales of vegetable oils, predominantly led by the increasing number of households and the burgeoning food & beverages industry. Besides, oilseeds are extensively used to derive biofuel, oleochemicals, and other substances used across sectors.
As a result, the rising demand for biofuels across the globe is triggering the growth of the global oilseeds market. To meet the ever-growing global demand for oilseeds, farmers are increasingly adopting genetically modified oilseeds to increase yield. The market for oilseeds depends upon the global consumption of food, which is set to increase with the rise in global population.
The abundance of these crops and high return on investment is fueling market growth. The minimum cost of development for new plant biotechnology trait leading to increased new products launch. According to a leading research firm - Market Research Future (MRFR), the global Oilseeds market is projected to witness significant growth by 2024, in terms of value as well as volume. In its recently published study report, MRFR also asserts that the market would grow at a substantial rate of CAGR during the forecasted period (2019 to 2024).
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Major Players
Players Leading The Global Oilseeds Market Include BASF SE (Germany), Monsanto Company (US), Groupe Limagrain Holding (France), Syngenta (Switzerland), DuPont (US), Nuziveedu Seeds Ltd (India), Land O'Lakes, Inc. (US), Cargill, Incorporated (US), Seed Co Limited (South Africa), and Mahyco Seeds Company Limited (India), among others.
Industry/ Innovation/ Related News
September 4, 2019 --- Parrish & Heimbecker Limited (Canada), a leading grain handling company announced the acquisition of Louis Dreyfus Commodities’ ten facilities in Canada, including Manitoba, Saskatchewan, Alberta, and British Columbia. The deal aligns with P&H’s strategy to expand its network of grain elevators and crop input retail centers in Western Canada.
August 16, 2019 --- The Archer Daniels Midland (ADM) Company (the US), a leading global food processing and commodities trading corporation announced the acquisition of two oilseed plants of Algar Agro (Brazil), the agri-food division of Grupo Algar.
Located in Uberlândia and Porto Franco, the two integrated crush and oil refining/bottling facilities will join ADM’s Brazilian oilseed network, which includes five soy processing plants, a sunflower plant, and two biodiesel refineries.
August 15, 2019 --- Marrone Bio Innovations Inc. (the US), an international leader in sustainable bioprotection and plant health solutions, announced the acquisition of Pro Farm Technologies OY, to increase its market share in the USD4.6 BN seed- and soil-treatment market. Pro Farm’s proven technology is used across the seed and foliar treatments in the major specialty crops such as corn, cereals, sunflowers, and oilseed rape, among other crops.
Global Oilseeds Market – Segments
The Report is segmented into four market dynamics to widen the scope of understanding
By Category : Conventional and Genetically Modified, among others.
By Oilseed Type : Soybeans, Sunflower Seed, Cotton Seed, and Canola Seed, among other stacked traits.
By Biotech Trait : Insecticide-Resistant and Herbicide-Tolerant, among others.
By Regions : Asia Pacific, North America, Europe, and the Rest-of-the-World.
Oilseeds Market – Regional Analysis
North America dominates the global oilseeds market with the largest market share. Factors such as the presence of major oilseeds providers alongside the high cultivation of soybeans, sunflower, and canola seeds in the region drive the growth of the market. Also, oilseeds are one of the key ingredients used in the various food products, resultantly, high consumption of these foods is estimated to trigger the growth of the regional market. Receiving major contributions from the US oilseeds market, the region is expected to continue its dominance throughout the forecast period. The oilseeds market in Canada is expected to grow at the fastest rate during the forecast period (2019 to 2024).
The Asia Pacific Oilseeds Market is emerging as a promising market globally. Factors, such as the growing demand for cooking oil & biofuels among the large population in China and India, alongside the vast cultivation of oilseeds drive the regional market growth. Spreading awareness among consumers regarding the health benefits of oilseeds alongside the changing dietary habits of consumers is creating considerable market demand.
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Global Oilseeds Market – Competitive Analysis
Fiercely competitive, The Oilseeds Market appears fragmented due to the presence of several large and small players. Players try to gain a competitive advantage incorporating strategic initiatives such as mergers & acquisitions, expansion, collaboration, and product/technology launch. They invest substantially in R&D to bring novelty in the product and its applications across the industries. Focused on improving their market performance, players acquire small yet promising companies to expand in the fast-growing markets.
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Name: Akash Anand
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Organization: Market Research Future
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Website: https://www.marketresearchfuture.com/reports/oilseeds-market-7808
Source: MarketersMedia
Release ID: 88920103
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