The global oilseeds market is anticipated to grow significantly over the forecast period. Oilseeds are considered to be 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 for the past three-four years owing to supply shortening caused due to changing climate conditions in major oilseeds producing countries. The volatile nature of supply-demand gets reflected in the prices of oilseed which have been fluctuating since then. The adverse weather condition in major rapeseed and sunflower oilseed led to the broadening of the supply-demand gap and ultimately led to a price hike.
The global market for oilseeds is expected to witness significant growth mainly due to the growing demand for vegetable oil from the biodiesel industry. The shift in trend towards decreasing reliance on conventional fuel has led to the growth of the biodiesel industry which has been acting as one of the major factors driving the demand for vegetable oil and further oilseeds. Approximately two-thirds of the expansion of the global oilseed industry 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. The U.S. emerged as 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. c along with being the largest type of oilseed produced is also expected to be the 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 have 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 the 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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