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

Oilseed Market size was valued at USD 247.81 billion in 2019 and is poised to grow from USD 268.13 billion in 2023 to USD 503.69 billion by 2031, growing at a CAGR of 8.2% in the forecast period (2024-2031).

Oilseeds are seeds primarily grown for the extraction of edible oil for human use. The main source of the omega 3 fatty acids DHA and EPA, which have several health advantages, is oilseed crops. Erucic acid, a naturally occurring contaminant in oilseeds, affects both rapeseed and mustard. The main oilseed crops are helianthus annuus (sunflower), soybeans, rapeseed, and others. Due to the inclusion of essential macro- and micronutrients, oil seeds and legumes are significant dietary components to prevent chronic illness. With the use of mechanical and manual processing tools, oil seeds are extracted. Due to the rising need for alternative energy sources, oil seeds are being utilized to produce biofuels.

Oil is largely produced through the cultivation of copra, cottonseed, palm kernel, peanut, rapeseed, soybean, and sunflower seeds. People utilize these oilseeds because they are good for their health, they produce revenue, and they create jobs. These crops may be used in a wide range of different industrial sectors, including food, medicines, and cosmetics, and are not only confined to home usage. In contrast to the residue, which is utilised as animal feed, the oil produced from oilseeds is used in food items for human consumption. Oilseeds were traditionally farmed primarily for the extraction of culinary oils, but in recent years, their industrial application has garnered increased attention. The most expensive commodity traded worldwide is vegetable oil. Oilseeds are expected to augment the market due to their rising popularity and extensive cultivation area.

US Oilseed Market is poised to grow at a sustainable CAGR for the next forecast year.