Sarasota, FL -- (SBWIRE) -- 06/14/2018 -- Global Oilseed Market: Overview
Oilseeds are used for the purpose of extraction of oil and biofuels from the seeds of the crop grown naturally in the fields. The productivity of crops highly affects the market of the oilseeds. Recent forecast demonstrates a rise in crop production leading to an increase in the market. The escalation is the result of estimation of tremendous growth of soybean productivity. The market is highly lucrative as it avails the complete utilization of the crop. For an example, the seeds of the crops are used to extract oil by extensive crushing and the residue is then processed to form the matter that can be used to feed animals. So, apart from its original properties of producing oil and biofuels, it can be used as an animal feed. Hence, imparting its contribution to the market of Animal feed market as well.
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Global Oilseed Market: Growth Factors
Its application is majorly in segments of household, food service and biofuels. Due to an increase in households and business of online food service, the demand for oilseeds is also escalating. Natural productivity of oilseeds completely relies on weather. Hence any drastic shift from the actual season cycle hampers the quality and rate of production of the crops thereby impacting the market adversely. Price fluctuation is one of the factors of restraint to the market of Oilseeds. Its availability and the forecast of oilseeds market witnessing such an immense growth create huge opportunities for the new companies entering into this segment
Global Oilseed Market: Segmentation
Oilseeds can be produced either be genetically modified or conventional. The market of the oilseeds can be segmented into two categories such as edible oil, animal feed, and biofuels. An example of edible oil is Soybean that contributes to the highest market share and is expected to show an exponential growth in the subsequent years. The global oilseed market can also be divided based on the product type. Few of the examples are soybean, peanut, rapeseed, cottonseed, groundnut, copra, sunflower seed and Palm Kernels and some others. It can also be classified based on the end users like a household, food service, for biofuels and many others. Based on the traits it can further be branched into insecticide resistant, herbicide tolerant, etc.
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Global Oilseed Market: Regional Analysis
North America leads the market of oilseeds. As per the recorded data and the forecast, soybean is dominating the market and Latin America remains the largest producer of soybean. So, as a result, Latin America is anticipated to witness a majority of market share in the overall oilseed market. Governmental stringent rules and regulations hinder the growth of the entire market as it has a direct effect on the trade. European Union produces and exports palm oil at the maximum rate and hence holds the second position in exporting palm oil to other regions.
Global Oilseed Market: Competitive Players
Anticipating such growth opportunities and its wide range of business in this segment, many companies play an active role in contributing to the overall market of oilseeds. Some of the major market players are Syngenta AG, Dow Agrosciences LLC, E. I. du Pont de Nemours and Company, Bayer Cropscience AG, Hefei Fengle Seed Co. Ltd., Burrus Seed Farm, Archer Daniels Midland Company, Gansu Dunhuang Seed Co. Ltd., KWS Saat AG, Krishidhan Seeds Pvt. Ltd., Monsanto among others
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Global Oilseed Market: Regional Segment Analysis
The Asia Pacific
The Middle East and Africa
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