- Palm kernels
- Groundnuts
- Rapeseed
- Cottonseed
- Copra
- Sunflower seed
- Soybean
Oilseed Processing Market size was valued at USD 310 billion in 2022 and is poised to grow at a CAGR of 8.8% from 2023-2029. Oilseed processing is carried to extract the edible and inedible vegetable oils used for human consumption, and preparation of cosmetics, lubricants, and biofuels. Edible oils are most commonly used in food industry and households. However, from last few years, due to decrease in non-renewable sources vegetable oils are used as biofuels. Oilseed processing is carried by either chemical extraction or mechanical extraction. Oilseeds are classified into low oil content seeds which have 20% oil and high oil-containing seeds which have 60% or more oil. Generally, soybean, peanuts, poppy seeds, and hazelnuts are used for the extraction of oils. The report gives a comprehensive outlook on Oilseed Processing across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report gives historical, current, and future market sizes (US$ Mn) on the basis of seed type, process type, application and region. This report studies global telemedicine market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global Oilseed Processing market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policymakers, and healthcare service providers engaged in global Oilseed Processing products.
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Increase in the household consumption of oil coupled with rise in global population, growth in number of food processing industries, and technological advancements in the oilseed processing are the factors driving the global oilseed processing market. Moreover, increase in the preference for biofuels usage in machinery and vehicles, wide range of applications in pharmaceutical industries, and change in lifestyle such as food preferences are anticipated to propel the oilseed market over the forecast period. However, stringent government regulations for production, exportation, and marketing of oil, change in environmental conditions, and fluctuations in the pricing of raw materials might restrain the growth of the market.
The oilseed processing market size was valued at USD 310 billion in 2022
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
The oilseed processing market key players are Wilmar International Ltd. (Singapore) Archer Daniels Midland Company (U.S.) Richardson International Limited (Canada) CHS Inc. (U.S.) EFKO GROUP (Austria) Cargill (U.S.) ITOCHU Corporation (Japan)