Oilseed Processing Market Size, Share, Opportunities, And Trends By Type (Soybean, Rapeseed (Canola), Corn, Sunflower, Others), By Application (Feed, Food, Industrial), And By Geography - Forecasts From 2024 To 2029

The oilseed processing market is estimated to grow at a CAGR of 5.33% to reach a market size of US$273.763 billion in 2029 from US$190.345 billion in 2022.

Cleaning, drying, and extracting oil using techniques like solvent extraction or mechanical pressing are all part of oilseed processing. Refinement and packing for distribution come next in the process. The kind of oilseed, its content, and the desired oil quality all influence the processing technique selection. Growing demand for edible oils, increasing biofuel production, and rising consumer awareness of the nutritional advantages of goods generated from oilseeds are major factors propelling the oilseed processing market.

Furthermore, the development of the industry is also aided by favourable government policies, ecological concerns, and technical improvements. As per the USDA, after two years of severe drought, Australia's oilseed output rebounded strongly in the 2024/25 marketing year (MY),. 6.5 million metric tonnes (MMT) of canola were produced in MY 2042/25. In addition, the planting area also increased due to high prices and promising moisture predictions.

Growing need for vegetable oil & increased protein consumption

Vegetable oils derived from oilseeds are in high demand due to changes in diet and lifestyle as well as the worlds population growth. The growing oilseed processing industry is largely due to the widespread use of vegetable oils in cooking food processing industrial applications and the creation of biodiesel.

The processing of oilseeds results in the production of vegetable oils and protein-rich meals such as soybean and rapeseed meals which are utilized as feed ingredients for cattle and poultry in the cattle and poultry industries. Oilseed processing is becoming more and more popular due to the growing demand for high-protein animal feed brought on by rising meat consumption and livestock production.

Growth of biofuel production

The primary source of biodiesel a renewable fuel derived from vegetable oils like soybean rapeseed and palm oil is oilseed processing. The oilseed processing market is being stimulated by the growing biofuel industry which is driven by government policies supporting renewable energy sources environmental concerns and energy security.

Government policies are principally responsible for the expansion but other variables that impact where growth occurs and which fuels grow fastest include costs the overall demand for transportation fuels and the specific policy design. Because of the combined impact of these factors Asia will produce more biofuel than Europe during the projection period. Because of policies in both the US and Europe the demand for renewable diesel also known as hydrogenated vegetable oil [HVO] has almost tripled in Europe. Many unknowns are influencing the demand for biofuels. For example, in response to the current high price of feedstock, some governments have eased or delayed the requirements for biofuel blending which has the effect of lowering demand.

Technological developments in processing equipment

Due to technologies like solvent extraction mechanical pressing and enzymatic extraction oilseed processing has become more cost-effective high-yielding and environmentally friendly. Technology breakthroughs have increased the oilseed processing industry's competitiveness by driving the adoption of contemporary processing equipment. Expanding investments from agribusiness companies private investors and multinational corporations in refineries value-added processing plants and oilseed processing facilities are propelling the oilseed processing industry's modernization and growth. It is possible to extract refine and market products made from oilseeds.

Growing concern for a healthier lifestyle

The demand for healthier substitutes such as cold-pressed expeller-pressed and organic oils made from oilseeds has increased due to worries about consumer health and wellness as well as possible health hazards connected to specific cooking oils. Oilseed processing is becoming increasingly necessary due to the trend toward healthier cooking oils that are high in unsaturated fats and antioxidants.

Growing consumer interest in organic and non-gmo products

The market for non-GMO and organic products derived from oilseeds is being driven by consumers growing preferences for non-genetically modified organisms (GMOs) and organic products. Processing facilities for oilseeds that emphasized organic and non-GMO processing serve a particular market niche and profit from the rising demand for natural and sustainable food components.

Asia Pacific is witnessing exponential growth during the forecast period

The rising popularity of oilseed products in India in addition to the adoption of advanced technologies for crop plantation as well as processing is anticipated to boost the oilseed processing market in upcoming years. For instance- as per the India Brand Equity Foundation, the production has grown over the last five years, reaching up to 40.9 million tons in 2022 from 35.5 million tons in the year 2017.

Furthermore, the intensification of animal husbandry in the country will provide additional impetus to market growth. This is mainly because oilseed meal, a by-product of oilseed processing is extensively preferred for animal feed as it is rich in protein. For instance, as per Invest India, the country has established a strong market for cattle and poultry feeds, contributing to the demand for the oilseed processing industry.

Moreover, as per the Soybean Processor Association of India (SOPA), in 2023, the major soybean-producing states were Madhya Pradesh, Maharashtra, Rajasthan, and Karnataka among others. This reflects favourable prospects for the oilseed processing industry in the country coupled with rising demand for oilseed products such as vegetable oil. Also, the growing interest of major companies in business expansion will impact the market positively throughout the forecast period. For instance, in 2020, Amul entered into the edible oil business which is expected to result in remunerative income for oilseed farmers in the country.

Market key launches

• In March 2024, to construct a new oilseed processing plant next to its current processing facility on the Gulf Coast in Destrehan, Louisiana, Bunge and Chevron announced the approval of a final investment decision for their joint venture Bunge Chevron Ag Renewables LLC. An innovative event was held at the location to commemorate the announcement. The plant has an adaptable design that enables it to process soft seeds like winter canola and CoverCress, as well as novel winter oilseed crops like them.
• In September 2023, ADM and Syngenta Group announced that they have signed a memorandum of understanding (MoU) to collaborate in scaling research and commercialization of low carbon-intensity next-generation oilseeds and improved varieties. ADM is a global leader in nutrition and agricultural origination and processing, while Syngenta Group is one of the largest agricultural technology companies in the world.
• In August 2022, a shareholders' agreement was signed by Bayer, Bunge, and Chevron U.S.A. Inc., a division of Chevron Corporation, concerning Bayer's purchase of a 65 per cent controlling stake in winter oilseed producer CoverCress, Inc. Bunge and Chevron retained control of the remaining 35% of CCI. Overall, these agreements and collaboration lead to the oilseed processing market expansion.

Segmentation:

• By Type
  • Soybean
  • Rapeseed (Canola)
  • Corn
  • Sunflower
  • Others
• By Application
  • Feed
  • Food
  • Industrial
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Norway
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

1.8. Key Benefits to the Stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. OILSEED PROCESSING MARKET, BY TYPE

5.1. Introduction

5.2. Soybean

5.2.1. Market Trends and Opportunities

5.2.2. Growth Prospects

5.2.3. Geographic Lucrativeness

5.3. Rapeseed (Canola)

5.3.1. Market Trends and Opportunities

5.3.2. Growth Prospects

5.3.3. Geographic Lucrativeness

5.4. Corn

5.4.1. Market Trends and Opportunities

5.4.2. Growth Prospects

5.4.3. Geographic Lucrativeness

5.5. Sunflower

5.5.1. Market Trends and Opportunities

5.5.2. Growth Prospects

5.5.3. Geographic Lucrativeness

5.6. Others

5.6.1. Market Trends and Opportunities

5.6.2. Growth Prospects

5.6.3. Geographic Lucrativeness

6. OILSEED PROCESSING MARKET, BY APPLICATION

6.1. Introduction

6.2. Feed

6.2.1. Market Trends and Opportunities

6.2.2. Growth Prospects

6.2.3. Geographic Lucrativeness

6.3. Food

6.3.1. Market Trends and Opportunities

6.3.2. Growth Prospects

6.3.3. Geographic Lucrativeness

6.4. Industrial

6.4.1. Market Trends and Opportunities

6.4.2. Growth Prospects

6.4.3. Geographic Lucrativeness

7. OILSEED PROCESSING MARKET, BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. By Type

7.2.2. By Application

7.2.3. By Country

7.2.3.1. United States

7.2.3.1.1. Market Trends and Opportunities

7.2.3.1.2. Growth Prospects

7.2.3.2. Canada

7.2.3.2.1. Market Trends and Opportunities

7.2.3.2.2. Growth Prospects

7.2.3.3. Mexico

7.2.3.3.1. Market Trends and Opportunities

7.2.3.3.2. Growth Prospects

7.3. South America

7.3.1. By Type

7.3.2. By Application

7.3.3. By Country

7.3.3.1. Brazil

7.3.3.1.1. Market Trends and Opportunities

7.3.3.1.2. Growth Prospects

7.3.3.2. Argentina

7.3.3.2.1. Market Trends and Opportunities

7.3.3.2.2. Growth Prospects

7.3.3.3. Others

7.3.3.3.1. Market Trends and Opportunities

7.3.3.3.2. Growth Prospects

7.4. Europe

7.4.1. By Type

7.4.2. By Application

7.4.3. By Country

7.4.3.1. UK

7.4.3.1.1. Market Trends and Opportunities

7.4.3.1.2. Growth Prospects

7.4.3.2. Germany

7.4.3.2.1. Market Trends and Opportunities

7.4.3.2.2. Growth Prospects

7.4.3.3. France

7.4.3.3.1. Market Trends and Opportunities

7.4.3.3.2. Growth Prospects

7.4.3.4. Norway

7.4.3.4.1. Market Trends and Opportunities

7.4.3.4.2. Growth Prospects

7.4.3.5. Spain

7.4.3.5.1. Market Trends and Opportunities

7.4.3.5.2. Growth Prospects

7.4.3.6. Others

7.4.3.6.1. Market Trends and Opportunities

7.4.3.6.2. Growth Prospects

7.5. Middle East and Africa

7.5.1. By Type

7.5.2. By Application

7.5.3. By Country

7.5.3.1. Saudi Arabia

7.5.3.1.1. Market Trends and Opportunities

7.5.3.1.2. Growth Prospects

7.5.3.2. Israel

7.5.3.2.1. Market Trends and Opportunities

7.5.3.2.2. Growth Prospects

7.5.3.3. Others

7.5.3.3.1. Market Trends and Opportunities

7.5.3.3.2. Growth Prospects

7.6. Asia Pacific

7.6.1. By Type

7.6.2. By Application

7.6.3. By Country

7.6.3.1. Japan

7.6.3.1.1. Market Trends and Opportunities

7.6.3.1.2. Growth Prospects

7.6.3.2. China

7.6.3.2.1. Market Trends and Opportunities

7.6.3.2.2. Growth Prospects

7.6.3.3. India

7.6.3.3.1. Market Trends and Opportunities

7.6.3.3.2. Growth Prospects

7.6.3.4. Australia

7.6.3.4.1. Market Trends and Opportunities

7.6.3.4.2. Growth Prospects

7.6.3.5. Others

7.6.3.5.1. Market Trends and Opportunities

7.6.3.5.2. Growth Prospects

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. AG Processing Inc

9.2. Archer Daniels Midland Company

9.3. Bunge Limited

9.4. Burrus Seed Farm

9.5. Cargill

9.6. CHS Inc

9.7. Efko Group

9.8. Wilmar International Ltd

9.9. Buhler AG

9.10. Louis Dreyfus Company.

AG Processing Inc

Archer Daniels Midland Company

Bunge Limited

Burrus Seed Farm

Cargill

CHS Inc

Efko Group

Wilmar International Ltd

Buhler AG

Louis Dreyfus Company.