The Global Oilseed Processing Market was valued at USD 225.65 billion in 2016 and is projected to reach USD 425.43 billion by 2025, growing at a CAGR of 7.30% from 2017 to 2025.
Oil Seeds extract edible oil for households and food industry. They are pressed mechanically to remove edible oil. Peanuts and Soya-bean are used directly as food products without extracting any oil from them. The use of vegetable oil has increased due to shortage of non-renewable resources. Also hazelnuts and poppy seeds are very rich in oil, but they are also consumed directly, as they are required in everyday cooking of food products.
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Market Dynamics:
1. Market Drivers
1.1 High consumption of oilseed products.
1.2 Massive growth in dairy sectors.
2. Market Restraints
2.1 Less crops in Under-Irrigated Areas.
2.2 No guarantee of prices.
Market Segmentation:
The Global Oilseed Processing Market is segmented on the basis of Process, Oilseed Type, Application and Region.
1. By Process:
1.1 Mechanical
1.2 Chemical
2. By Oilseed type:
2.1 Rapeseed
2.2 Soybean
2.3 Sunflower
2.4 Cottonseed
2.5 Others
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3. By Application:
3.1 Feed
3.2 Industrial
3.3 Food
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Rest of World.
Competitive Landscape:
The major players in the market are as follows:
1. Bunge Limited
2. CHS Inc
3. Richardson International Limited
4. Louis Dreyfus Company B.V.
5. Efko Group
6. Archer Daniels Midland Company
7. Wilmar International Ltd.
8. Itochu Corporation
9. Cargill
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These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Global Oilseed Processing Market
By Process (Mechanical, Chemical), By Oil seed type (Soybean, sunflower, cottonseed), By Application (Feed, Industrial, Food), By Region (North America, South America, Europe, Asia Pacific, Rest of World).