Global Oilseeds Market Overview

The global oilseeds market is expected to reach USD 243.542 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.20% during the forecast period (2023-2030), according to a report published by Market Research Future (MRFR).

Factors Driving the Growth of the Oilseeds Market

The key factors driving the growth of the oilseeds market include:

• Increasing demand for vegetable oils
• Growing population and rising disposable incomes
• Increasing awareness of the health benefits of vegetable oils
• Expanding applications of oilseeds in the food and beverage industry
• Government initiatives to promote the cultivation of oilseeds

Soybean to Dominate the Oilseeds Market

Soybean is expected to be the dominant oilseed segment during the forecast period, accounting for a significant share of the market. This is due to the high demand for soybean oil and meal, which are used in a variety of food and industrial applications.

Asia Pacific to Emerge as the Largest Market for Oilseeds

The Asia Pacific region is expected to emerge as the largest market for oilseeds during the forecast period, owing to the region's large and growing population, rising disposable incomes, and increasing awareness of the health benefits of vegetable oils.

Major Players in the Oilseeds Market

Some of the major players in the oilseeds market include:

• Archer Daniels Midland Company
• Bunge Limited
• Cargill Incorporated
• Wilmar International Limited
• Louis Dreyfus Company B.V.
• ADM Alliance Nutrition
• CHS Inc.
• COFCO Corporation
• Tyson Foods, Inc.
• JBS S.A.
• Marfrig Global Foods S.A.

Conclusion

The oilseeds market is expected to witness significant growth in the coming years, driven by increasing demand for vegetable oils, growing population and rising disposable incomes, and increasing awareness of the health benefits of vegetable oils. The Asia Pacific region is expected to be the largest market for oilseeds, owing to the region's large and growing population, rising disposable incomes, and increasing awareness of the health benefits of vegetable oils.

Read More :  https://www.marketresearchfuture.com/reports/oilseeds-market-7808