OILSEED MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Regional Analysis

To learn more about this report, Request sample copy

North America has established itself as the dominant region in the global oilseed market with an estimated 37.6% share in 2024. The U.S. is the largest producer as well as exporter of oilseeds like soybean and canola in the world, owing to highly favorable climatic conditions and vast agricultural lands available for cultivation. The farmers in North America are quite advanced with sophisticated agricultural machinery and practices, which enables higher yield. Moreover, the developed processing infrastructure and strong presence of leading global agribusinesses have created a robust supply chain in the region. As a result, North America is able to meet both domestic as well as foreign demands effectively and remains the crucial supplier internationally.

On the other hand, the global oilseed market is experiencing significant growth, with the Asia-Pacific region emerging as the fastest-growing area. This surge is driven by increasing demand for oilseeds, particularly soybeans and palm oil, which are essential for food production, animal feed, and biofuel applications. Countries like China and India are seeing a rise in consumption due to changing dietary patterns and population growth, leading to a higher demand for protein-rich foods. Additionally, the region's expanding agricultural sector and investments in oilseed processing facilities are further fueling market growth. As consumers become more health-conscious, the demand for plant-based oils is also on the rise, promoting the use of oilseeds in various food products. With these factors at play, the Asia Pacific region is poised to play a crucial role in shaping the future of the global oilseed market.