Oilseeds Market Size, Growth, Segmentation, Leading key Players, Share and Forecast

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Oilseeds Market

Global Oilseeds Market is expected to garner $255,213 million by 2023, from $215,696 million in 2016, registering a CAGR of 2.5% from 2017 to 2023.

Copra, cottonseed, palm kernel, peanut, rapeseed, soybean, and sunflower seeds are primarily cultivated for obtaining oil. The oil extracted from oilseeds is used in food products for human consumption, whereas the residue is used as animal feed. The edible oil extracted from oilseeds is used as a feedstock for biodiesel production. The major factors driving the market growth are increased consumption of soybean and its high production in the developing countries such as, Brazil, Argentina, and others. In addition, increased acceptance and large area under cultivation of genetically modified (GM) oilseeds are anticipated to supplement the market growth.

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Increase in the global consumption of soybean has led to its higher production, especially in Brazil and Argentina driving the market growth during the forecast period.

In terms of value, Asia-Pacific and LAMEA collectively contributed more than two-thirds share of the global market in 2016. The key players operating in the global oilseeds market are Archer Daniels Midland Company, Bayer Cropscience AG, Burrus Seed Farm, Dow Agrosciences LLC., E. I. du Pont de Nemours and Company, Gansu Dunhuang Seed Co. Ltd., Hefei Fengle Seed Co. Ltd., Krishidhan Seeds Pvt. Ltd., KWS Saat AG, and Syngenta AG.

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Key Findings of the Oilseeds Market:

  • LAMEA is expected to grow at the highest CAGR of 3.3% from 2017 to 2023, followed by Asia-Pacific in terms of value.
  • In 2016, the soybean segment accounted for the highest market share in terms of value and volume.
  • In terms of value, the genetically modified oilseeds segment accounted for the highest market share in 2016, and is expected to grow at the highest CAGR of 2.7%.
  • In terms of value, the insecticide resistant biotech trait segment is anticipated to grow at the highest CAGR of 3.3% from 2017 to 2023.
  • China generated the highest revenue, and accounted for approximately one-third share of the global market in 2016.
  • In terms of value, North America is anticipated to grow at a CAGR of 1.8% from 2017 to 2023.
  • In 2016, Asia-Pacific accounted for the highest market share both in terms of value and volume.

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