Oilseed Market is Estimated to Witness High Growth Owing to...

Oilseed Market is Estimated to Witness High Growth Owing to Increasing Utilization in Biodiesel Production

Posted 2024-09-10 06:59:43

392

The oilseed market includes seeds such as soybean, sunflower, rapeseed (canola), cottonseed, and palm kernel. Oilseeds find wide utilization across food and industrial applications. The oils extracted are high in omega-3 and omega-6 fatty acids and proteins.

They are commonly used for cooking purposes and in the production of margarine and spreads. Oilseed Market Trends by-products also serve as an excellent protein source for animal feed. Growing demand for biodiesel derived from oilseeds is further contributing to market growth.

The Global oilseed market is estimated to be valued at US$ 305.16 Bn in 2024 and is expected to exhibit a CAGR of 5.1% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the oilseed market are Archer Daniels Midland Company (ADM), Cargill, Inc., Bunge Limited, Wilmar International Limited, Louis Dreyfus Company, Olam International, CHS Inc., Sime Darby Plantation, Ag Processing Inc. (AGP). These players are focusing on strategic partnerships, acquisitions, and capacity expansions to strengthen their market position.

The oilseed market offers significant opportunities in the form of increasing adoption in industrial applications such as biodiesel. Oilseeds are increasingly being utilized as a feedstock in biodiesel production owing to their renewable and sustainable nature. The market is also witnessing considerable investments in research and development of genetically modified soybean, canola, and other oilseed varieties with higher yields and resistivity to pests.

Oilseed Market Trends Advances in production technologies such as mechanized harvesting and use of drones for crop monitoring are improving the efficacy and yields of oilseed farming. Other notable technological developments include molecular breeding for developing hybrid seeds and CRISPR gene editing for desired traits in oilseeds.

Get More Insights On, Oilseed Market

Explore More Related Topic On, Water Electrolysis Machine Market

For More Insights Discover the Report In language that Resonates with you

· French

· German

· Italian

· Russian

· Japanese

· Chinese

· Korean

Portuguese