Oilseed Market Size, Share, Growth Analysis, By Biotech Traits(Insecticide-Resistant, Herbicide-Tolerant and other stacked traits), By Oilseed Type(Peanut, Soybean, Sunflower Seed, Cottonseed), By Breeding Type(Edible Oil and Animal Feed), By Product(Business to Business, Hypermarkets/Supermarkets, Specialty Stores, Convenience store and Online retail), By Distribution Channel(Food Industry, Personal Care and Cosmetic, Pharmaceuticals, Foodservice), By Region - Industry Forecast 2024-2031

North America region held the highest share in the Global Oilseed Market of approximately 35% globally in 2021. This is because more cooking oil is being used in everyday cooking, which boosts the production of oilseeds. Additionally, as soybean output has expanded in the United States, the market is growing faster due to the rise in consumption of soybean oil. The top producer and second-largest exporter of soybeans worldwide is the United States. About 90% of the oilseeds produced in the US are soybeans. The North American oilseed market is expected to increase as a result of a number of reasons, such as the use of cutting-edge technology for crop cultivation and processing, rising soybean output, and rising consumer interest in oilseed goods.

Asia pacific region is expected to register the highest growth rate during the forecast period. This can be attributed to the rising soybean yield and the expanding food manufacturing sector. The increased usage of soybean oil fuels the market's expansion. Additionally, other significant elements promoting the expansion of this region include rising personal disposable income, expanding food processing, and expanding retail. China now consumes the most oilseeds, making up about two-sevenths of the worldwide market in terms of volume, and it is anticipated that it will continue to lead the industry during the projected period. The highest growth rate in the Asia-Pacific area is predicted for India. The fourth-largest producer of oilseeds is regarded as India. Additionally, 95% of all crops farmed in India are soybeans, making them the most significant crop in terms of importance.