Oilseeds are considered to be as one of the fastest growing crops in the global agricultural market owing to its increasing demand to cater to the growing global population. However, the global market for oilseeds has been experiencing a turbulent ride since the past three four years owing to supply shortening caused due to changing climate conditions in major oilseeds producing countries. Volatile nature of supply-demand gets reflected in the prices of oilseed which have been fluctuating since then. Adverse weather condition in major rapeseed and sunflower oilseed led to broadening of supply-demand gap and ultimately led to price hike.
Global market for oilseeds is expected to witness significant growth mainly due to growing demand for vegetable oil from biodiesel industry. Shift in trend towards decreasing reliance on conventional fuel has led to the growth of biodiesel industry which has been acting as one of the major factors driving the demand for vegetable oil and further oilseeds. Approximately two third of the global oilseeds expansion is expected to occur in some of the emerging economies such as China, Brazil, India, Malaysia and Indonesia.
The global oilseed production is expected to increase by approximately 23% by 2020 according to FAO Agricultural Outlook. U.S. emerged the leading oilseed producer followed by Brazil, China, Argentina, India and the European Union. The growth will be majorly contributed by the growing production of oilseeds mainly in emerging economies of India, Brazil and emerging economies of Eastern Europe including Poland and Russia.
Soybeans emerged as the leading oilseed produced globally followed by rapeseed, cottonseed, groundnuts, sunflower, palm kernels and copra. Soybeans along with being the largest type of oilseed produced is also expected to be fastest growing type over the next five to six years owing to its increasing use in catering to the growing global population.
This report, by Grand View Research, takes a closer look at the oilseeds industry, providing a holistic perspective on market dynamics, trends, supply and demand. The report deep-dives into the market and segments it on multiple levels and providing key insights on a macro as well as micro level. The study aims at providing granular information, regarding estimates and forecasts for key products including soybean, rapeseed, cottonseed and sunflower among some other oilseeds. The report also provides the same level of information for key regional markets.
This research report analyzes various factors which has been driving and inhibiting the global oilseeds market in the past. In addition, the report analyzes the impact of each driver and restraint on the market growth, which forms the base for market forecast. The report also showcases the opportunities available in the market which may act as future drivers for the market.
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