Oilseeds Market to Grow with a CAGR of 5.36% through 2029

Health and wellness trends and rising global food demand are expected to drive the Global Oilseeds Market growth in the forecast period, 2025-2029.

According to TechSci Research report, “Oilseeds Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, the Global Oilseeds Market stood at USD 293.24 billion in 2023 and is anticipated to grow with a CAGR of 5.36% in the forecast period, 2025-2029. This can be attributed to the expansion of livestock and poultry industries. The livestock and poultry sectors are major consumers of oilseed-derived products, particularly for animal feeds. The expansion of these industries, driven by the growing demand for meat and dairy products, has a direct impact on the demand for oilseeds used in feed formulations. Furthermore, the health of the soil directly influences the productivity of oilseed crops. A growing emphasis on sustainable agriculture is leading to increased attention to soil health management practices. Precision farming technologies, cover cropping, and organic farming methods are being employed to enhance soil fertility and reduce environmental impact in oilseed cultivation.

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The productivity of oilseed crops is predominantly influenced by climate and weather fluctuations, crucial factors to address the growing global food demand in the future. These oilseeds play a pivotal role in the production of edible oils and various other oils essential to multiple industries, including cosmetics and pharmaceuticals. They boast a diverse range of phytochemicals, including flavonoids, tocopherols, tocotrienols, phenolic compounds, polyphenols, vitamins, protein, minerals, and fiber. Oilseeds find applications in livestock feeds, pharmaceuticals, biofuels, the production of healthy vegetable oils, and other industrial applications within the oleochemical sector.

The Global Oilseeds Market is segmented into biotech trait, oilseed type, type, application, product, regional distribution, and company.

Based on its oilseed type, Peanut  poised to be the fastest growing segment in the global oilseeds market. Peanuts have diverse applications in the food industry. They are commonly used to produce peanut oil, which is used in cooking, frying, and as an ingredient in various food products. Additionally, peanuts are used in the production of peanut butter, snacks, and confectionery items. The versatility of peanuts in various food applications contributes to their increasing demand in the oilseeds market.

Asia Pacific is the fastest growing region in  the global oilseeds market. The Asia Pacific region has a rapidly growing population, with a significant portion of this population experiencing rising incomes and urbanization. As disposable incomes increase, there is a shift towards diets higher in protein and oils. Oilseeds, which are a key source of vegetable oils and proteins, are in high demand to meet this dietary shift.

Major companies operating in Global Oilseeds Market are:

• Cargill Inc
• BASF SE
• Chr Hansen Holding A/S
• Evonik Industries AG
• Novus International Inc
• Alltech Inc 
• Associated British Foods PLC
• Charoen Pokphand Foods PCL
• ForFarmers NV
• Land O' Lakes Inc

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“The global oilseeds market is on the brink of a transformative phase, driven by consumer trends, technological innovations, and sustainability imperatives. As the industry adapts to the upcoming trends, stakeholders must remain agile, embracing innovation and sustainable practices to secure a resilient and thriving future for the global oilseeds market. From plant-based protein revolutions to advancements in crop breeding, the trends on the horizon signal an exciting era of growth and evolution for this essential sector,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Oilseeds Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Biotech Trait (Insecticide-Resistant, Herbicide-Tolerant), By Oilseed Type (Peanut, Soybean, Sunflower Seed, Cottonseed, Copra, Palm Kernel, Rapeseed), By Type (Conventional, Genetically Modified), By Application (Oilseed Meal, Vegetable Meal), By Product (Edible Oil, Animal feed), By Region, and By Competition 2019-2029F”, has evaluated the future growth potential of Global Oilseeds Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Oilseeds Market.

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