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Oilseed Market And Grain Seed Market

Published Date : Jun 2024 | Forecast Year : 2019

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Oilseed Market And Grain Seed Market Size, Share & Trends Covers Analysis By Product Type (Sunflower, Soybean, Peanut, Cottonseed), By Application (Animal Feed, Edible Oil) Growth, Demand, Regional Outlook, And Forecast 2024-2032

Report ID: AG896

Published : Jun 2024

Pages : 155

Category : Agriculture

Format : Oilseed Market And Grain Seed Market

REPORT ATTRIBUTEDETAILS
MARKET SIZE (2032)USD 317.32 Billion
MARKET SIZE (2023)USD 249.05 Billion
CAGR (2023-2029)4.13%
HISTORIC YEAR2019
BASE YEAR2023
FORECAST YEAR2032
BY TYPESunflower
Soybean
Peanut
Cottonseed
BY APPLICATIONAnimal Feed
Edible Oil
GEOGRAPHIC ANALYSISNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa
KEY PLAYERSArcher Daniels Midland Company, BASF SE, Bayer AG, Burrus Seed Farms, Inc, Cargill Incorporated, Corteva Agriscience, Gansu Dunhuang Seed Industry Group Co., Ltd., KWS SAAT SE & Co., Mahyco Seeds Ltd, Syngenta Crop Protection AG..

Introduction:

The market for oilseeds and grain seeds is an integral part of the global agricultural economy, influencing food production, industrial applications and economic stability worldwide. Oil crops, including crops such as soybeans, canola, sunflower and others, are not only essential for edible oils, but are also important sources of protein in animal feed and a key raw material for biofuels and industrial processes. Cereal seeds such as wheat, maize and rice are also essential components of human diets and animal feed, supporting global food security.

Oilseed Market And Grain Seed Market

Size, by Product, - (USD Billion)

Sunflower

Soybean

Peanut

Cottonseed

Other Products

18 16 14 12 10 8 6 4 2 0

The Market will Grow

At the CAGR of:

4.13%

The Forecast Market

Size for in USD:

$317.32 Billion B

b0d51e3055fd6f23ff6a384a6e091406.svg

Global Oilseed Market And Grain Seed Market Size Was Estimated At USD 249.05 Billion In 2023 And Is Projected To Reach USD 317.32 Billion By 2032, At CAGR Of 4.13% (2024-2032)

Understanding the complexity of this market requires navigating a multi-factorial landscape. Technical innovations in seed genetics and agricultural practices are constantly promoting crop improvement and product diversification. Economic policies and trade agreements have a significant impact on market dynamics, influencing production volumes, prices and global trade flows. Environmental considerations, including climate change impacts and sustainability practices, increasingly shape consumer preferences and regulatory frameworks.

Market Overview:

Households mainly use oil seeds as vegetable oils, such as sunflower, peanuts and soybeans. People use these oil seeds because they are very beneficial for health and generate income and employment. These crops are not limited to domestic use; they can also be applied in several other industrial sectors, such as the food, pharmaceutical, cosmetic and feed industries. Due to the versatility of oilseeds, they are now more in demand and due to this the market is growing worldwide. Oil produced from oilseeds is used in human food, while oil residues are used as animal feed. Vegetable oil is an irreplaceable product all over the world. Due to increased acceptability and wide growing area, the market is growing. Soybeans contain fiber, protein and are cholesterol-free. Cottonseed oil is an edible oil made from the seeds of Gossypium hirsutism and Gossypium herbarium, which are grown for cotton plants, especially for cotton fiber and fodder, and like other oilseeds such as sunflower seeds, cottonseeds have an oily kernel surrounded by a tough outer shell. The oil is removed from the grains during processing. The oil is extracted from soybeans to be used as vegetable oil. It is the second most used oil. Soybean is used not only for oil recovery, but also for consumption as leguminous seed in human food. Soybean meal is an important component of poultry and fishmeal. Soy protein is called a complete protein because of its amino acid content. It is known for its nutritional value in treating heart disease and diabetes.

Market Trends:

  • Growing demand for vegetable oils.
  • Shift towards sustainable agricultural practices.
  • Biotechnological advancements in seed development.
  • Impact of climate change on crop production.
  • Global trade dynamics and market globalization.
  • Influence of consumer preferences and health trends.
  • Integration of technology in agriculture.
  • Regulatory developments affecting market access.
  • Investment in research and development.
  • Market expansion in developing regions.

Market Drivers:

  • Increasing global population and food demand.
  • Rising consumption of vegetable oils.
  • Technological advancements in agriculture.
  • Climate change and sustainability initiatives.
  • Global trade dynamics and economic policies.
  • Shifting consumer preferences towards health and nutrition.
  • Government support and agricultural policies.
  • Growing demand for biofuels and industrial applications.
  • Investment in agricultural infrastructure.
  • Emerging market growth and urbanization trends.

    Oilseed Market And Grain Seed Market

    Share, by end user, (USD Billion)

    Analytica Global 249.05 Billion %

    Animal Feed

    Edible Oil

    Others

    Other End-Users

    b0d51e3055fd6f23ff6a384a6e091406.svg

    317.32 Billion

    Total Market Size

    USD (Billion),

    4.13%

    CAGR

    -

Market Restraining Factors:

Instability of weather conditions: Unpredictable weather events and climate change can cause fluctuations in yield and quality, affecting the stability of production.

Environmental concerns: Regulations and consumer demand for sustainable practices can increase production costs and limit access to certain markets without strict environmental standards.

Trade barriers and tariffs: Geopolitical tensions, trade disputes and tariff barriers can disrupt global supply chains and affect market access for oilseeds and grain seeds.

Price volatility: Fluctuations in commodity prices, influenced by global economic conditions, supply and demand imbalances, and exchange rate fluctuations, can affect the profitability of producers and traders.

Regulatory Compliance: Stringent regulations related to pesticide use, GMOs and food safety standards can create compliance costs and operational challenges for farmers and processors.

Infrastructure and logistics issues: Inadequate transport networks, warehouses and logistics inefficiencies can limit market access and increase distribution and export costs.

Key Players:

  • Archer Daniels Midland Company
  • BASF SE
  • Bayer AG
  • Burrus Seed Farms, Inc
  • Cargill Incorporated
  • Corteva Agriscience
  • Gansu Dunhuang Seed Industry Group Co., Ltd.
  • KWS SAAT SE & Co.
  • Mahyco Seeds Ltd
  • Syngenta Crop Protection AG.

Recent Development:

  • 20 DEC 2023 Pune: Fowler Westrup India Pvt Ltd, a Mahyco Group company, today announced the acquisition of Netherland-based Seed Processing Holland (SPH), a global leading producer of advanced seed processing equipment from H2 Equity Partners.
  • June 13, 2024 ADM and Bayer today announced an extension of their collaboration, working with farmers in a bid to drive the further adoption of regenerative agricultural practices in Europe.

Oilseed Market And Grain Seed Market

Size, by Product, - (USD Billion)

NORTH AMERICA $ 24

The Market will Grow

At the CAGR of:

4.13%

The Forecast Market

Size for in USD:

$317.32 Billion B

b0d51e3055fd6f23ff6a384a6e091406.svg

Porter's Five Forces Analysis for the Oilseed Market and Grain Seed Market:

Threat of new entrants:

Barrier to entry: Large initial capital investment required for land, equipment and technology in large-scale agriculture.

Economies of scale: Large incumbents enjoy economies of scale, making it difficult for new entrants to compete on cost.

Regulatory barriers: Stringent regulatory requirements related to seed quality, environmental standards and trade regulations can create barriers for new market entrants.

Bargaining power of suppliers:

Seed suppliers: Some dominant suppliers of quality seeds have significant bargaining power that affects prices and availability.

Input costs: Dependence on suppliers of fertilizers, pesticides and machinery can affect the profitability of oilseeds and cereal seeds.

Technology Suppliers: Suppliers of agricultural technologies, biotechnologies and precision farming tools play an important role in influencing production efficiency and costs.

Bargaining Power of Buyers:

Food Processors and Manufacturers: Large food and biofuel producers have significant bargaining power due to bulk purchasing and demand.

Consumer preferences: Shifting consumer preferences toward sustainable, organic, and non-GMO products can increase purchasing power and influence market demand and price.

Threat of substitutes:

Alternative oils and grains: Substitutes such as synthetic oils, alternative protein sources (eg plant proteins) and other staples (eg quinoa, millet) pose a moderate threat, especially due to changing consumer preferences.

Biofuels and Industrial Alternatives: Increasing the use of alternative biofuels and industrial raw materials can replace the traditional use of oilseeds and grain seeds in biofuels and industrial applications.

Industry Competition:

Competitive Situation: The oilseeds and grain seeds market is highly competitive with many global and regional players competing on the basis of price, product differentiation and market share.

Market Consolidation: The concentration of start-ups and agricultural conglomerates increases the intensity of competition and affects pricing strategies and market dynamics.

Innovation and differentiation: Innovations in seed genetics, biotechnology and sustainable practices differentiate competitors and influence market competition.

Market Opportunities:

Growing demand for sustainable products: Growing consumer awareness and regulatory pressures are creating opportunities for sustainable practices in oil and grain seed production.

Expansion of Biofuels and Renewable Energy: Growing demand for biofuels and renewable energy sources is creating opportunities for oilseeds such as soybeans and canola used in biodiesel production.

Technological innovations: Advances in seed genetics, precision agriculture and digital agriculture offer opportunities to improve the yield, quality and efficiency of oilseeds and cereal seeds.

Emerging Markets: Expansion in emerging regions offers opportunities for market growth and diversification of oilseeds and grain seeds to meet evolving food patterns and industry needs.

Health and nutrition trends: Growing consumer interest in health-conscious eating and functional foods creates opportunities to produce oilseeds and grains that are rich in beneficial nutrients such as omega-3 fatty acids and antioxidants.

Oilseed Market And Grain Seed Market TO (USD BN)

Oilseed Market

CAGR OF

4.13%

Oilseed Market And Grain Seed Market

b0d51e3055fd6f23ff6a384a6e091406.svg
Analytica Global 317.32 Billion %

Market Insights:

Global production dynamics: Major oil crops such as soybeans, canola and sunflower and staple grains such as wheat, maize and rice dominate global agricultural production due to their versatility in food, feed and industry.

Regional Variations in Production: Production of oilseeds and grains varies considerably from region to region due to climatic conditions, agronomic practices and market demand. Regions such as North America, South America, Europe and Asia Pacific play a key role as major producers and exporters.

Demands: Population growth, urbanization and rising incomes increase the demand for vegetable oils, protein-rich food and staple grains for human consumption, biofuels and industrial applications.

Technological Advances: Advances in biotechnology, seed genetics, precision agriculture and digital farming technology are transforming the oilseed and cereal seed sectors, increasing productivity, sustainability and resilience to climate change.

Trade Dynamics: Global trade flows strongly influence the oilseeds and grains market. Trade agreements, tariffs and geopolitical factors affect prices, supply chains and market access for producers and exporters.

Market Segmentation:

By Type

  • Sunflower
  • Soybean
  • Peanut
  • Cottonseed
  • Rapeseed
  • Others

By Application

  • Animal Feed
  • Edible Oil

By Geographical

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa (MEA)

Stakeholders in the Oilseed Market And Grain Seed Market can include: 

  • Producers and Farmers
  • Seed Suppliers and Technology Providers
  • Food Processors and Manufacturers
  • Government and Regulatory Bodies
  • Consumers and Consumer Advocacy Groups
  • Investors and Financial Institutions
  • Research and Development Institutions
  • Industry Associations and Trade Organizations
  • Logistics and Transportation Providers
  • Media and Market Analysts

FAQ (Frequently Asked Questions):

Q.1 How big is the Oilseed Market And Grain Seed Market?

Ans: - Oilseed Market And Grain Seed Market Size Was Estimated At USD 249.05 Billion In 2023 And Is Projected To Reach USD 317.32 Billion By 2032, At CAGR Of 4.13%.

Q.2 Who are the major players in the Oilseed Market And Grain Seed Market?

Ans: - Archer Daniels Midland Company, BASF SE, Bayer AG, Burrus Seed Farms, Inc, Cargill Incorporated, Corteva Agriscience, Gansu Dunhuang Seed Industry Group Co., Ltd., KWS SAAT SE & Co., Mahyco Seeds Ltd, Syngenta Crop Protection AG.

Q.3 Which segments are covered in the report of Oilseed Market And Grain Seed Market?

Ans: - The Oilseed Market And Grain Seed Market is Segmented On The Basis Of Type, Application, And Geography.

Q.4 Which regions are covered in the report that having a potential scope for the Oilseed Market And Grain Seed Market?

Ans: - On the basis of Geography, The Oilseed Market And Grain Seed Market is classified into North America, Europe, Asia Pacific, and the Rest of the world.

 

Oilseed Market And Grain Seed Market - Global Outlook & Forecast 2024-2029

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