Oilseed Processing Market Research Report By Seed Type (Soybean, Rapeseed, Sunflower Seed, Cottonseed, Palm Kernel, Others), By Product Type (Oil, Meal, Lecithin, Hull/Pellet/bran/meal), By Application (Food and Beverage, Animal Feed, Biodiesel, Pharmaceuticals, Cosmetics), By Processing Technology (Solvent Extraction, Mechanical Pressing, Supercritical Fluid Extraction, Others) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2032

Global Oilseed Processing Market Overview

Oilseed Processing Market Size was estimated at 249.17 (USD Billion) in 2022. The Oilseed Processing Industry is expected to grow from 257.79(USD Billion) in 2023 to 350.0 (USD Billion) by 2032. The Oilseed Processing Market CAGR (growth rate) is expected to be around 3.46% during the forecast period (2024 - 2032).

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Key Oilseed Processing Market Trends Highlighted

The oilseed processing market is changing and developing thanks to the increased number of factors. Primary factors include the growing demand for edible vegetable oils and protein meals for food and feed applications, the Increasing trend of health awareness and the expansion of the biofuel market. Ideas are found in penetrating new markets, creating environmentally advantageous processing techniques, and marketing up sweating assets. Broad developments are made toward the direction of increasing menial work efficiency and eco-friendly production through the use of machinery, automation, computer technology, the internet, and green solvents. The market still faces hindrances, including but not limited to supply chain issues, pricing issues, and competitiveness from emerging protein partners like plant-based meals and meat companions.

Oilseed Processing Market Drivers

Increasing Demand for Plant-Based Products

The trending popularity of plant-based diets and growing awareness of the environmental consequences of animal husbandry are likely to drive the demand for alternative products, including those made of oilseeds. The latter is noted for high protein and fiber content and can be used in the production of various meat, dairy, and egg alternatives, as well as other types of food products. In this way, the oilseed production market is likely to prosper in the coming years as more consumers adopt plant-based diets, and the Food and Beverage Industry in the Oilseed Processing Market Industry is expected to benefit from this trend.

Growing Population and Rising Incomes

The continuously growing population is forecasted to surpass 8 billion by the end of 2030, which will inevitably increase the demand for food and other agricultural items. Having such products as vegetable oils and protein on the list, oilseeds can be considered an essential component of human nourishment. To be more accurate, it is projected that the increase in income among representatives of developing countries will also lead to a significant boost in the consumption of oilseeds, vegetable oils and other items made by means of oilseed processing.That being said, it is expected that the Oilseed Processing Market Industry will experience a stable increase in the next few years.

Government Support for Biofuels

Governments around the world are increasingly supporting the production and use of biofuels as a way to reduce greenhouse gas emissions and dependence on fossil fuels. Biofuels can be produced from a variety of feedstocks, including oilseeds. This support is expected to drive up the demand for oilseeds and support the growth of the Oilseed Processing Market Industry in the coming years.

Oilseed Processing Market Segment Insights

Oilseed Processing Market Seed Type Insights

Oilseed Processing Market is divided by Seed Type into Soybean, Rapeseed, Sunflower Seed, Cottonseed, Palm Kernel, and Others. The Soybean segment accounted for the largest market share in 2023 and is anticipated to continue to dominate during the forecast period. This is attributed to the increasing demand from the food and animal feed industries for soybean oil and meal. The Rapeseed segment is also expected to witness significant growth due to the increasing production of biodiesel and the rising demand for rapeseed oil in the food industry.The Sunflower Seed segment is anticipated to grow at a steady pace due to the nutritional value of its seeds and rising demand for sunflower oil and seeds for cooking, and sunflower seeds as snacks. The Palm Kernel segment is expected to grow moderately due to the rising demand for palm kernel oil in the food and cosmetics industry. The Cottonseed segment is expected to experience stable growth due to its use in the production of cottonseed oil and feed. The market growth is attributed to the increasing demand for vegetable oils and meals from the feed, food, and biofuel industries.Regional governments promoting the use of biofuels and the rising consumer awareness regarding the health benefits of vegetable oils are expected to contribute to the growth of the market.

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Oilseed Processing Market Product Type Insights

The market is segmented based on product type into oil, meal, lecithin, and hull/pellet/bran/meal. Among these product types, oil holds the largest market share due to its extensive use in cooking, salad dressings, and other food applications. The demand for oil is primarily driven by the growing population and rising disposable income, which has led to increased consumption of processed foods and beverages. Meal, on the other hand, is a valuable source of protein for livestock feed and pet food, and its market growth is expected to be driven by the expanding livestock industry.Lecithin, an emulsifier and stabilizer, finds applications in various industries, including food, cosmetics, and pharmaceuticals, contributing to its steady market growth. Hull/pellet/bran/meal, used as animal feed and biofuel, is expected to experience moderate growth due to increasing demand for sustainable and cost-effective feed sources.

Oilseed Processing Market Application Insights

The Oilseed Processing Market is segmented into Food and Beverage, Animal Feed, Biodiesel, Pharmaceuticals, and Cosmetics based on application. The Food and Beverage segment holds the largest market share due to the increasing demand for processed oilseed products in the food industry. The Animal Feed segment is expected to grow significantly over the forecast period due to the rising demand for animal protein. The Biodiesel segment is also expected to witness significant growth due to the increasing adoption of biofuels. The Pharmaceuticals and Cosmetics segments are expected to grow at a steady pace due to the increasing use of oilseed derivatives in these industries.In 2023, the Oilseed Processing Market was valued at USD 257.79 billion and is projected to reach USD 350.00 billion by 2032, exhibiting a CAGR of 3.46% during the forecast period. The market growth is attributed to the increasing demand for processed oilseed products across various end-use industries, coupled with the growing emphasis on sustainability and the use of biofuels.

Oilseed Processing Market Processing Technology Insights

The Oilseed Processing Market is segmented by Processing Technology into Solvent Extraction, Mechanical Pressing, Supercritical Fluid Extraction, and Others. Solvent Extraction is the most widely used processing technology, accounting for over 80% of the oilseed processing market revenue in 2023. This is due to its high efficiency and cost-effectiveness. Mechanical Pressing is a more traditional method of oilseed processing, but it is still used for some applications, such as the production of high-quality olive oil. Supercritical Fluid Extraction is a newer technology that is gaining popularity due to its ability to extract oil from oilseeds without the use of solvents.Others include technologies such as Expeller Pressing and Cold Pressing. The Oilseed Processing Market is expected to grow at a CAGR during the forecast period of 2024-2032. This growth is expected to be driven by the increasing demand for vegetable oils and the growing population.

Oilseed Processing Market Regional Insights

The regional segmentation of the Oilseed Processing Market offers insights into the market's geographic distribution and growth patterns. North America is expected to hold a significant market share, driven by increasing demand for vegetable oils and biodiesel. Europe is another key region, with a growing focus on sustainable and healthy food products. The APAC region is projected to witness the highest growth rate, owing to rising population and increasing disposable income. South America and MEA are also expected to contribute to the market growth, albeit at a slower pace.These regions present opportunities for market expansion due to their growing economies and increasing demand for edible oils and protein meals. The Oilseed Processing Market segmentation provides valuable data for businesses to identify potential growth areas and tailor their strategies accordingly.

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Oilseed Processing Market Key Players And Competitive Insights

The key market players in the Oilseed Processing Market are focused on developing unique and innovative technologies to strengthen their market position and enhance their product offerings. The oilseed processing market is witnessing a surge in investment and R&D activities as the market leaders’ focus is to enhance the competitiveness of their respective product portfolios. The intensity of competition in the oilseed processing market is high as the key market players strive to gain a pivotal position by leveraging various strategies, including key partnerships, acquisitions, and product differentiation. The oilseed processing Net Sales Market-Competitive Landscape Market is set to witness the inclusion of new market competitors and the initiation of comprehensive market moves by the existing market players. All of these market players attained a pivotal position in the market due to increased focus on expanding their product portfolio and reach.

Archer Daniels Midland Company is a leading provider of agricultural commodities, value-added products and food ingredients. The company operates a vast oilseed processing network and offers vegetable oils, protein meals and specialty products. ADM’s strengthened presence, product portfolio, and strong track record of sustainability are expected to facilitate its position in the oilseed processing market.Bunge Limited is another major player in oilseed processing. The company operates a diversified oilseed processing network and provides a wide range of products, including vegetable oils, protein meals and others. Bunge is a leading market player with a pervasive market presence in the key growth regions. The company’s strong commitment to product innovation and sustainability is expected to facilitate its position in the oilseed processing market.

Key Companies in the Oilseed Processing Market Include

• CHS Inc.


• Sodrugestvo Group


• Parrish Heimbecker, Limited


• Wilmar International Limited


• Olam International Limited


• Louis Dreyfus Company


• Archer Daniels Midland Company


• Bunge Limited


• Cefetra Group


• Glencore International AG


• Cargill, Incorporated


• The Scoular Company


• Viterra Inc.


• Toepfer International


• COFCO Corporation

Oilseed Processing Market Industry Developments

The oilseed processing market is projected to grow from USD 257.79 billion in 2023 to USD 350.0 billion by 2032, exhibiting a CAGR of 3.46% during the forecast period (2024-2032). The market is primarily driven by the increasing demand for vegetable oils and protein meals in both developed and developing countries.Recent news developments in the market include the growing adoption of sustainable practices, such as the use of renewable energy sources and the reduction of waste. Additionally, there is a trend towards the production of higher-value products, such as specialty oils and functional ingredients. The market is also influenced by fluctuations in the prices of oilseeds and vegetable oils, as well as government policies and regulations.

Oilseed Processing Market Segmentation Insights

• Oilseed Processing Market Seed Type Outlook
  
  
  
  • Soybean
  
  
  • Rapeseed
  
  
  • Sunflower Seed
  
  
  • Cottonseed
  
  
  • Palm Kernel
  
  
  • Others
  
  
  
  


• Oilseed Processing Market Product Type Outlook
  
  
  
  • Oil
  
  
  • Meal
  
  
  • Lecithin
  
  
  • Hull/Pellet/bran/meal
  
  
  
  

• Oilseed Processing Market Application Outlook
  
  
  
  • Food and Beverage
  
  
  • Animal Feed
  
  
  • Biodiesel
  
  
  • Pharmaceuticals
  
  
  • Cosmetics
  
  
  
  


• Oilseed Processing Market Processing Technology Outlook
  
  
  
  • Solvent Extraction
  
  
  • Mechanical Pressing
  
  
  • Supercritical Fluid Extraction
  
  
  • Others
  
  
  • Oilseed Processing Market Regional Outlook
  
  
  • North America
  
  
  • Europe
  
  
  • South America
  
  
  • Asia Pacific
  
  
  • Middle East and Africa