The genetic modification of oilseeds improves the quality and production of oil. The high demand for competitive and economically priced vegetable oil has led to an increase in the preference for genetically modified seeds.
Due to the growing health awareness among consumers, the demand for healthy oil in the preparation of foods is increasing. The change in the dietary habits of consumers has also led to an increase in demand for oilseeds. The global oilseeds market is estimated to be valued at USD 250.0 billion in 2019 and is projected to reach USD 335.0 billion by 2025, recording a CAGR of 5.0%.
Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=153443159
By category, the oilseeds market is segmented into conventional and genetically modified. The demand for genetically modified or transgenic seeds remains high due to characteristics such as higher levels of disease resistance, high output, and quality. Countries in the South American and Asia Pacific regions witness high demand for oilseeds that are genetically modified, to cater to the domestic market.
Based on application, the oilseed market is segmented into vegetable oil and oilseed meal. The oilseed meal segment is further segmented into food, feed, and industrial products. The food products segment is further segmented into bakery & confectionery products, sauces, spreads, and dressings, meat products, and others, which include baby food, isolated proteins, and cereals. The vegetable oil segment is further segment into food products and industrial products. The food products segment in the vegetable oil segment is further segmented into bakery & confectionery products and sauces, spreads, and dressings. The market for oilseeds is growing at a high rate due to the changing consumer preferences from animal to plant products. In addition, soy-based products are a major source of protein for vegans worldwide. The high nutritional profile, low carbon footprint, and low price of plant-sourced products are projected to encourage the consumption of oilseeds in food applications. The demand for healthy and organic oilseed-processed products, public-private partnerships in varietal development, and molecular breeding in oilseeds are some of the factors driving the growth of the oilseeds market.
Oilseeds are increasingly finding applications in the feed industry due to the growing preference for natural and organic sources of oilseeds among the feed manufacturers. The market is also witnessing increased demand from the biodiesel sector. With the increasing demand for non-GMO oilseeds in various sectors, the oilseeds market is projected to witness significant growth. However, the market also faces various challenges such as new entrants in the market and poor post-harvest management in developing countries.
Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=153443159
North America provides the highest potential for growth due to the favorable trade and price support systems, which drives market growth. The demand for oilseeds remains high in the feed & food industries in North America, which constitute a significant part of the overall demand in the region. The introduction of stringent regulatory frameworks in the biofuel sector is also driving the growth of the oilseeds market in the North American region.
This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the oilseeds market. It includes the profiles of leading companies such as Cargill (US), Archer Daniels Midland (US), Bühler Group (Switzerland), Bunge Limited (Netherlands), AGT Food and Ingredients (Canada), Louis Dreyfus Company (Netherlands), Mountain States Oilseeds (US), Soni Soya Products Limited (India), Kanematsu Corporation (Japan), CHS Inc. (US), Oilseeds International (US), Wilmar International (Singapore), Cootamundra Oilseeds (Australia), Bora Agro Foods (India), and ETG Agro Private Ltd (Africa).
Collagen Peptides Market worth $795 million by 2025
Food & beverage manufacturers have started using collagen peptides increasingly as an ingredient in a wide range of products. Also, with biotechnological advancement, collagen peptides have found its use in various biomedical applications. The versatile nature of collagen peptides makes it useful in the pharmaceutical industry for the production of orally administrative medicines.
Pea Starch Market is Expected to Reach $203 Million by 2026
Growth in the demand for pea starch in the end-user application industries is driving the market growth of pea starch. Further, increase in the demand for gluten-free products is also a major factor resulting to the rise in the demand for pea starch.
Shrink Plastic Film Market is Estimated to Grow $3.0 billion by 2025
Based on type, the shrink plastic film market for beverage multipacks is dominated by the unprinted shrink plastic film segment.
