Oilseed Market And Grain Seed Market By Oilseed Type (Soybeans, Sunflower Seed, Cotton Seed, Canola Seed), Biotech Trait (Herbicides Tolerant, Insecticide Resistant, Stacked Trait), & Region for 2024-2031

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Oilseed Market And Grain Seed Market By Oilseed Type (Soybeans, Sunflower Seed, Cotton Seed, Canola Seed), Biotech Trait (Herbicides Tolerant, Insecticide Resistant, Stacked Trait), & Region for 2024-2031

Oilseed Market And Grain Seed Market Valuation – 2024-2031

The oilseed market is critical in the manufacturing of biofuels helping to reduce greenhouse gas emissions and mitigate climate change. Biofuels made from oilseeds such as biodiesel and renewable diesel provide cleaner alternatives to fossil fuels while also diversifying energy sources reducing reliance on finite resources. The growing emphasis on sustainable energy solutions and the need to reduce carbon emissions have fueled demand for biofuels generated from oilseed crops driving investments in research, development, and production facilities in the oilseed market by enabling the market to surpass a revenue of USD 81.42 Billion valued in 2024 and reach a valuation of around USD 159.79 Billion by 2031.

The oilseed and grain seed markets are gaining pace as people recognize their importance in sustainable agriculture and environmental stewardship. With increased worries about climate change, soil degradation, and water scarcity, there is an increasing need to use agronomic methods that enhance resilience, resource efficiency, and biodiversity protection. Oilseeds and grains with their versatility and adaptability provide appealing alternatives for reducing environmental risks and increasing agricultural sustainability by enabling the market to grow at a CAGR of 9.70% from 2024 to 2031. 

Oilseed Market And Grain Seed MarketDefinition/ Overview

Oilseed seeds as the name implies contain a high oil content making them significant sources of edible oils and fats. Common oilseed crops include soybeans, canola (rapeseed), sunflower, palm, and cottonseed, among others. These crops are widely grown in a variety of agro-climatic zones around the world owing to rising demand for vegetable oils for culinary, industrial, and biofuel production. Grain seeds on the other hand are a broader group of seeds that are grown primarily for their edible grains or seeds which are used as a staple food source for humans and cattle.

Oilseed and grain seeds form the backbone of crop production systems around the world. They are the foundation of crop rotation strategies helping to maintain soil fertility, reduce insect pressure, and improve overall yield stability. Farmers intentionally use oilseed and grain crops in their rotations to enhance resource efficiency, reduce environmental impact, and increase profitability. Furthermore, these seeds provide important ecosystem services such as carbon sequestration, water filtering, and habitat preservation which promote agricultural sustainability and resilience in the face of climate change and other problems.

The future of oilseed and grain seeds has a direct connection to the developing biofuel industry. Renewable fuels generated from plant-based sources are gaining popularity as civilizations battle with the urgent need to decarbonize their energy systems and combat climate change. Oilseed crops such as soybeans, rapeseed, and palm oil are the key feedstocks for biodiesel manufacturing providing a sustainable alternative to fossil fuels. Similarly, grain crops such as corn and wheat are used to produce ethanol, a biofuel additive that lowers greenhouse gas emissions and improves energy security.

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How Will Increasing Adoption of Biotechnology Enhanced Traits for Crop Development Drive the Oilseed Market And Grain Seed Market?

A noticeable trend has evolved in the worldwide agricultural environment with farmers increasingly relying on biotechnology-enhanced features for crop production. This strategic move demonstrates a diverse approach to tackling economic and consumer-driven imperatives in the agricultural sector. Biotechnologically improved seeds praised as a hallmark of modern agricultural innovation have the potential to greatly increase farmers’ return on investment while also harmonizing with changing consumer desires for healthier agricultural goods.

The use of biotechnology-enhanced features is a strategic requirement for increasing productivity, profitability, and sustainability. Farmers can improve their bottom line by growing crops with features like herbicide tolerance or insect resistance. Furthermore, the use of biotech crops has been found to reduce agriculture’s environmental footprint by reducing the need for chemical inputs preserving water resources, and lowering greenhouse gas emissions resulting in a more sustainable and resilient agricultural system.

The adoption of biotechnology-enhanced features is a disruptive force in the global agricultural environment providing a path to increased productivity, profitability, and sustainability. From boosting crop resilience and nutritional content to satisfying changing customer desires for healthier and more sustainable food options, biotechnologically altered crops have enormous promise in tackling the agri-food industry’s numerous issues. By embracing innovation and biotechnology, stakeholders throughout the agricultural value chain can create new opportunities for growth, differentiation, and value creation resulting in a more prosperous and sustainable future for food and agriculture.

Will the Decreasing Volume of Planting Rates Hamper the Oilseed Market And Grain Seed Market?

The oilseed and grain seed industries confront numerous difficulties that could stand off their growth trajectory over the projection period. Among these problems, two stand out as important market restraints, the declining volume of planting rates and the rising lifetime of new plant biotechnology features. These interconnected dynamics provide tough challenges for industry stakeholders looking to maintain and grow market dominance.

The decreased volume of planting rates offers a fundamental threat to the oilseed and grain seed markets. This drop can be linked to several factors including changes in agricultural practices, economic considerations, and environmental concerns. As farmers deal with fluctuating commodity prices, input costs, and land availability, they may decide to reduce the domain committed to oilseed and grain cultivation. Furthermore, competing land-use goals such as urban expansion or the cultivation of alternative crops contribute to lower planting rates in some regions.

Therefore, the oilseed and grain seed industries face numerous obstacles that threaten to limit their growth prospects over the projection period. From decreased planting rates and lengthy biotechnology approval processes to shifting weather patterns and regulatory complications, industry stakeholders must navigate a complicated landscape riddled with uncertainty. However, by embracing innovation, collaboration, and sustainability, the sector may overcome these obstacles create resilience, and open up prospects for long-term growth and development in the face of adversity.

Category-Wise Acumens

Will the Increasing Demand for Vegetable Oils Drive the Oilseed Type Segment?

The canola seed category is a major player in both the oilseed market and the grain seed market with a large market share. However, in addition to canola seeds, sunflower oilseeds have emerged as notable challengers with impressive development spurred by their numerous applications and growing consumer interest in their oils. At the heart of this expansion is an increase in demand for vegetable oils which is being driven by several interconnected causes. Foremost among these is the shifting environment of the food business where changing dietary choices and culinary trends collide with the unstoppable rise in global population figures.

The increased consumer knowledge of health and nutrition is a critical force defining the future of the oilseed market. In recent years, there has been a noticeable shift toward health-conscious consumption habits with people looking for items that provide not just culinary flexibility but also inherent health benefits. Oilseeds known for their high nutritional value and supposed disease-fighting capabilities have emerged as a key component of this emerging health-conscious movement. The incorporation of oilseed-based products into diets is increasingly viewed as a proactive strategy to improve general health with consumers flocking toward these natural sources of vital fatty acids, vitamins, and minerals.

The oilseed industry is at the crossroads of agricultural innovation, culinary excellence, and consumer well-being fueled by a convergence of variables ranging from shifting dietary preferences and rising health consciousness to environmental sustainability and technological advancement. As demand for vegetable oils rises in concert with changing consumer preferences, oilseeds emerge as essential commodities supporting the global food system and ushering in a new era of healthful, sustainable, and delightful culinary experiences.

Will the Increasing Funds in Research and Development Drive the Biotech Trait Segment?

The domination of the herbicides tolerant category in the oilseed and grain seed markets highlights a significant shift in agricultural methods with far-reaching ramifications for crop production and weed management. This segment’s dominating market position reflects a rising reliance on herbicide-tolerant crops to meet the ongoing challenge of weed infestation propelling overall growth and development in the oilseed and grain industries.

Herbicide-tolerant crops represent a paradigm change in agricultural biotechnology providing growers with an effective tool for weed control while maintaining crop yields. These crops are genetically modified to tolerate the application of specific herbicides or a broad spectrum of herbicidal chemicals allowing for targeted weed management without risking the health or productivity of the cultivated plants. By introducing herbicide-tolerant characteristics into oilseeds and grains, agricultural stakeholders can reduce the negative effects of weed competition on crop growth and development resulting in higher yields and profitability.

The domination of the herbicide-tolerant segment in the oilseed and grain seed markets marks a watershed moment in modern agriculture marked by the widespread adoption of genetically modified crops with increased herbicide tolerance. This trend reflects the growing acknowledgment of the importance of weed management in agricultural yield and sustainability as well as biotechnology’s growing involvement in tackling weed control difficulties in a variety of cropping systems. As research and development activities continue, the future holds potential for more improvements in herbicide-tolerant technology which will drive continuing growth and development in the global oilseed and grain sectors.

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Country/Region-wise Acumens

How will the Increasing Agriculture Industry and Prevalence of Major Grain Producing Companies Drive the Market in the Region of North America?

The North American oilseed and grain seed market is a cornerstone of the region’s agriculture business driven by several factors that highlight its durability and importance. At the heart of this market’s growth trajectory is the tremendous expansion of the agriculture sector which serves as a linchpin of economic success and food security across the continent. North America’s enormous and abundant land resources combined with good climatic conditions provide an ideal setting for the development of oilseeds and grains providing the framework for long-term agricultural productivity.

The North American oilseed and grain seed business benefits from a strong R&D ecosystem which is supported by collaborations between public institutions, private enterprises, and academic research groups. Investments in seed technology innovation, precision agriculture, and digital farming solutions promote continual improvement and allow for the introduction of innovative seed varieties with improved features and performance characteristics. This culture of innovation supports a competitive marketplace in which seed businesses compete to offer value-added products that satisfy the changing demands of both farmers and consumers.

Will the Increasing Agricultural Productivity and Crop Quality Boost the Asia Pacific Region?

The North American oilseed and grain seed market is a cornerstone of the region’s agriculture business driven by several factors that highlight its durability and importance. At the heart of this market’s growth trajectory is the tremendous expansion of the agriculture sector, which serves as a linchpin of economic success and food security across the continent. North America’s enormous and abundant land resources, combined with good climatic conditions, provide an ideal setting for the development of oilseeds and grains, providing the framework for long-term agricultural productivity.

The North American oilseed and grain seed business benefits from a strong R&D ecosystem which is supported by collaborations between public institutions, private enterprises, and academic research groups. Investments in seed technology innovation, precision agriculture, and digital farming solutions promote continual improvement and allow for the introduction of innovative seed varieties with improved features and performance characteristics. This culture of innovation supports a competitive marketplace in which seed businesses compete to offer value-added products that satisfy the changing demands of both farmers and consumers.

The North American oilseed and grain seed market exemplifies the region’s agricultural strength and dedication to innovation, sustainability, and food security. Fueled by a combination of good environmental conditions, technical developments, and vigorous market dynamics, the market continues to prosper as an important component of the continent’s agricultural economy. As farmers adopt new seed technologies and production practices, and seed companies continue to push the boundaries of innovation, the North American oilseed and grain seed market is poised to remain at the forefront of global agriculture meeting future challenges while feeding the world’s growing population.

Competitive Landscape

The Oilseed Market And Grain Seed Market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support. The organizations focus on innovating their product line to serve the vast population in diverse regions.

Some of the prominent players operating in the oilseed market and grain seed market include

  • Bayer
  • Burrus Hybrids
  • Dow AgroSciences
  • Gansu Dunhuang Seed
  • Hefei Fengle Seed
  • Krishidhan Seeds
  • KWS Saat
  • Land O’Lakes, Inc.
  • Limagrain
  • Mahyco
  • Nuziveedu Seeds
  • Rallis India
  • Seed Co. Limited
  • Stine Seed
  • Syngenta

Latest Developments

  • In March 2023, Scoular stated today that it would recommission the disused sunflower crush factory outside of Goodland, which it purchased in 2021. The Nebraska-based agribusiness will invest in retrofitting the facility to crush soybeans and canola. Goodland, in northwest Kansas, will see the creation of up to 40 new employment. The facility is expected to start operations in the fall of 2024.
  • In April 2023, Cargill said that it would invest $50 million in Australia to upgrade and expand its oilseed crush facilities in Newcastle, Narrabri, and Footscray in response to increased international demand for canola and cottonseed oil. Australian canola is in high demand worldwide for its usage in culinary items, biodiesel, and as a feedstock.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

Growth Rate

CAGR of ~9.70% from 2024 to 2031

Base Year for Valuation

2024

HISTORICAL PERIOD

2021-2023

FORECAST PERIOD

2024-2031

Quantitative Units

Value in USD Billion

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Oilseed Type
  • Biotech Trait
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players

Bayer, Burrus Hybrids, Dow AgroSciences, Gansu Dunhuang Seed, Hefei Fengle Seed, Krishidhan Seeds, KWS Saat, Land O’Lakes Inc. Limagrain, Mahyco, Nuziveedu Seeds, Rallis India, Seed Co. Limited, Stine Seed,  Syngenta

Customization

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Oilseed Market And Grain Seed Market, By Category

Oilseed Type

  • Soybeans
  • Sunflower Seed
  • Cotton Seed
  • Canola Seed

Biotech Trait

  • Herbicides Tolerant
  • Insecticide Resistant
  • Stacked Trait

Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Research Methodology of Market Research

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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Pivotal Questions Answered in the Study

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