According to a new market study, “Oilseed Market and the Global Forecast by Region until 2025,” published by international research and consulting firm MarketsandMarkets ™, the global oilseed market in 2019 is valued at $ 250.0 billion.
Growth of the oilseed market by an average of 5.0% during the forecast period will be stimulated by such factors as the growing demand for protein dishes and non-GMO oilseeds.
It is estimated that a significant share of the market in value in 2019 will be provided by the soybean segment. Almost 85% of the world's oilseeds are processed and minced to produce soybean meal and oil.
There has been an increase in the number of areas in which soybeans are being used. Due to these factors, the market is projected to grow significantly.
The largest market share, in value, in 2019 will be the vegetable oil segment. The reason for this is the constant increase in demand from the oil and fat industry for the production of vegetable oils, margarine and fats.
According to forecasts, from 2019 to 2025, North America will demonstrate the highest average annual growth rate of the oilseed market - 5.5%.
