The global oilseed market comprises various seeds that are grown primarily for the production of oils. Some of the major oilseeds produced globally include soybean, sunflower seed, rapeseed, cottonseed, and corn. These oilseeds are processed to extract edible vegetable oils which find a wide range of applications in food production as well as in industrial sectors such as biodiesel production.

Oilseed Market Demand significant oilseed crops grown worldwide owing to the versatility and high oil content of soybean oil. The oil derived from soybean is used extensively in food applications like salad dressings, mayonnaise, baked goods, and others due to its neutral taste. It also serves as an important source for production of biodiesel which is witnessing rising demand as a renewable fuel alternative.

The Global Oilseed Market is estimated to be valued at US$ 230 Billion in 2024 and is expected to exhibit a CAGR of 5.1% over the forecast period 2024-2031.

Key Takeaways

Key players operating in the oilseed market are Cargill, Archer Daniels Midland, Bunge Limited, Louis Dreyfus Company, Wilmar International.

Oilseed Companies of edible oils across both developed and developing economies is propelling the demand for oilseeds globally. Factors such as rising disposable incomes, growing fast food culture and expanding food processing industry are fueling the consumption of edible oils.

Several key producing regions and companies are also strategically expanding their oilseed production and processing capabilities to international markets. For instance, North American companies are strengthening their presence in South America and Europe to cater to the growing demand.

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