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The oilseeds market share is expected to increase by USD 93.2 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.64%.
This oilseeds market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers oilseeds market segmentation by type (soybean, sunflower, cottonseed, palm kernel, and others) and geography (North America, APAC, Europe, South America, and Middle East and Africa). The oilseeds market report also offers information on several market vendors, including AGT Food and Ingredients Inc., Archer Daniels Midland Co., Bayer AG, Bora Foods Pvt. Ltd., Buhler AG, Bunge Ltd., Cargill Inc., CHS Inc., ETG Group, Kanematsu Corp., Krishidhan Seeds Pvt. Ltd., KWS SAAT SE and Co. KGaA, Louis Dreyfus Co. BV, Mahyco Pvt. Ltd., Mountain States Oilseeds, Nuziveedu Seeds Ltd., Rowland Seeds Inc., Soni Soya Products Pvt. Ltd., Tovarna Olja Gea d.o.o., and Wilmar International Ltd. among others.
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The increasing demand for trans-fat-free oils is notably driving the oilseeds market growth, although factors such as fluctuation in oilseed crop prices due to lack of land may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the oilseeds industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Oilseeds Market Driver
One of the key factors driving growth in the oilseeds market is the increasing demand for trans-fat-free oils. Rising concerns regarding the safety of food are increasing the demand for edible oils, which have lower fat content. Over the last few years, health problems such as digestive disorders, diabetes, and obesity have witnessed a drastic rise. Food consumption patterns have undergone a paradigm shift with the rising inclination for food with greater notational value. Thus, the purchase and sales of clean-label, organic, and non-genetically modified organism (GMO) products are growing faster than traditional products. The increasing population of patients with obesity, overweight, and diabetes has propelled the demand for meal replacement products. The awareness of various problems associated with diabetes and obesity, such as cardiovascular disorders, respiratory disorders, cholesterol, anxiety, and depression levels, has increased recently. Efforts to lose weight and other health complications are thus expected to increase the demand for trans-fat-free oils, which, in turn, is expected to drive the growth of the global oilseeds market.
Key Oilseeds Market Trend
The application in beauty and cosmetic industry is another factor supporting the oilseeds market share growth. Over the years, there has been a growing preference for natural products over artificial chemicals in the beauty and personal care industries. Factors such as the increase in the number of the millennial population, especially in APAC, a sharp increase in the online presence and Internet usage, the increase in per capita income, and a growing awareness of sustainable and environmentally friendly products have all together dominated the market for organic cosmetics and personal care products. This has increased the demand for specialty ingredients such as palm and olive oils in the beauty and personal care industries in the recent past. Palm oil is a widely used ingredient in the skin industry, color cosmetics, and personal care products because palm oil and its derivatives have innumerable benefits for the skin. The increased usage of palm oil in the cosmetics industry will create a demand for palm oilseed which will have a positive impact on the global oilseeds market.
Key Oilseeds Market Challenge
The fluctuation in oilseed crop prices due to lack of land will be a major challenge for the oilseeds market during the forecast period. Oilseed crop prices are volatile due to variable weather conditions and political instability, affecting oil crop producers' output and, as a result, limiting oil supply to manufacturers. Other important issues contributing to decreasing specialty oil production levels across the world include restricted access to funding and a lack of information about contemporary agricultural practices and farm management skills. It is estimated that 30% of crops in key countries are lost due to ineffective insect and crop disease management techniques. The decrease in the availability of agricultural land can be attributed to an increase in constructional activities due to the growth of the urban population. Such factors are hindering the growth of the global oilseeds market during the forecast period.
This oilseeds market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global oilseeds market as a part of the global agricultural products market under the global food products market of the global food, beverage, and tobacco market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the oilseeds market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the oilseeds market encompasses successful business strategies deployed by the key vendors. The oilseeds market is fragmented and the vendors are deploying growth strategies such as focusing on distinguishing their offerings through a clear and unique value proposition to compete in the market.
AGT Food and Ingredients Inc. - The company offers products such as groundnut seeds and sesame seeds.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The oilseeds market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the oilseeds market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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38% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for oilseeds in APAC. Market growth in this region will be faster than the growth of the market in other regions.
North America is another major region showing growth. The major countries contributing to the growth of the oilseeds market in North America are the US and Canada. The major reason for the growth is its wide adoption in various industries such as food, pharmaceutical, cosmetic, and animal feed. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
As of early 2020, the outbreak of COVID-19 negatively impacted the regional oilseeds market. Nationwide lockdowns were imposed in the region, which led to the closure of stores and retail outlets. This resulted in a decline in the sales of edible oils, which, in turn, negatively impacted the growth of the oilseed market. However, in early 2021, with the initiation of vaccination drives, the number of COVID-19 cases decreased, which led to the lifting of lockdown restrictions in the region. Therefore, such factors are expected to positively impact the growth of the market during the forecast period.
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The oilseeds market share growth by the soybean segment will be significant during the forecast period. Soybean has an almost endless application in industrial products such as lubricants, plastics, waxes, and a range of intermediate chemicals, including fatty acids. And in more recent times, soybean has been recognized for its health and wellbeing properties and is now used in a range of nutrition bars, cereals, pasta, and baked goods.
This report provides an accurate prediction of the contribution of all the segments to the growth of the oilseeds market size and actionable market insights on post COVID-19 impact on each segment.
Flax Seeds market - The market share is expected to increase by USD 695.03 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 10.38%.
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Oilseeds Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.64% |
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Market growth 2022-2026 |
$ 93.2 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
5.4 |
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Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 38% |
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Key consumer countries |
US, Mexico, China, India, Germany, and Brazil |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
AGT Food and Ingredients Inc., Archer Daniels Midland Co., Bayer AG, Bora Foods Pvt. Ltd., Buhler AG, Bunge Ltd., Cargill Inc., CHS Inc., ETG Group, Kanematsu Corp., Krishidhan Seeds Pvt. Ltd., KWS SAAT SE and Co. KGaA, Louis Dreyfus Co. BV, Mahyco Pvt. Ltd., Mountain States Oilseeds, Nuziveedu Seeds Ltd., Rowland Seeds Inc., Soni Soya Products Pvt. Ltd., Tovarna Olja Gea d.o.o., and Wilmar International Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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