The oilseed usually is considered as one of the fastest-growing crops globally in the agricultural market due to its wide applicability in the food processing industry, pharmaceutical industry, animal feed industry, cosmetic industry, and other industries. Oilseeds are mainly cultivated for extracting edible oils, however now oilseeds are gaining more attention owing to their industrial use. The oil extracted from different oilseeds is utilized in food products for consumption; meanwhile, the residue of oil is utilized as animal feed. The major oilseeds crops are as follows sunflower, cottonseed, linseed, rapeseed, soybeans, and others. Vegetable oil is considered the most valuable commodity in world trade.
MARKET SCOPE
The "Global Oilseeds Market Analysis to 2028" is a specialized and in-depth study of the food and beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of the oilseeds market with detailed market segmentation by type, category, application, and geography. The report provides key statistics on the market status of the leading oilseeds market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global oilseeds market is segmented into soybeans, sunflower seed, cotton seed, canola/rapeseed, and others
- Based on category, the global oilseeds market is segmented into conventional and genetically modified
- Based on application, the market is bifurcated into oilseed meal and vegetable oil
MARKET DYNAMICS
Drivers
- Increasing demand for healthy and organic oilseed-processed products.
- Growing deman from food and feed processing industries
- Molecular breeding in oilseeds
Restraints
- Fluctuating prices of raw materials may restrict the market growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The oilseeds market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the oilseeds market in these regions.
IMPACT OF COVID-19 ON OILSEEDS MARKET
As of June 2021, the US, India, Brazil, Russia, Spain, France, the UK, Turkey, and Italy, are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 is affecting economies and several industries in different countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various manufacturing plants and factories has also been affected the global supply chains also negatively impacted the manufacturing, delivery schedules, and sales of goods in global market. In addition, the global travel bans further imposed by countries in Europe, Asia-Pacific, and North America are also affecting the business collaborations as well as partnerships opportunities.
Due to Covid-19 pandemic, food and beverage industry is also facing huge losses, which is further impacting on world economy. It has further disrupted the transportation system and disrupted the supply of raw materials. The disruptive value chain has had a negative impact on the raw material supply, which, in turn, is impacting the growth of the oilseeds market. However, as the economies are planning to revive their operations, the demand for oilseeds is presumed to rise globally, since consumers are buying food products through online retailers, and increasing demand for more food products. Some of the safety measures followed by the food processing companies include limiting direct contact with delivery person & visitors, strengthening & communicating proper hygiene practices, and conducting complete sanitations & eliminating personnel contact during shift changes. With all these factors, it can be presumed that in post-pandemic times, the demand for these products will take a hike.
MARKET PLAYERS
The report covers key developments in the oilseeds market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from oilseeds market are anticipated to lucrative growth opportunities in the future with the rising demand for oilseeds in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the oilseeds market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AGT Food and Ingredients Inc.
- Bunge Limited
- Cargill, Incorporated
- CHS Inc.
- Cootamundra Oilseeds Pty Ltd
- Louis Dreyfus Company B.V.
- Oilseeds International Ltd
- The Archer Daniels Midl and Company
- The B?hler Holding AG
- Wilmar International Limited
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.