Global Oil Seed Processing Equipment Market Size By Type (Oil Extraction Equipment, Oilseed Crushing Equipment, Oilseed Cleaning Equipment), By End-user (Edible Oil, Biofuels), By Geographic Scope And Forecast
Global Oil Seed Processing Equipment Market Size By Type (Oil Extraction Equipment, Oilseed Crushing Equipment, Oilseed Cleaning Equipment), By End-user (Edible Oil, Biofuels), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Oil Seed Processing Equipment Market Size And Forecast
The market size of the Global Oilseed Processing Equipment Market stood at USD 15,554.54 Million in 2022 and is projected to reach USD 22,141.73 Million by 2030. The Market is projected to grow at a CAGR of 4.64% from 2024-2030.
The demand for oilseed processing equipment is primarily driven by the growing global consumption of edible oils and the expanding biodiesel industry. The Global Oilseed Processing Equipment Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Oil Seed Processing Equipment Executive Summary
The demand for oilseed processing equipment is primarily driven by the growing global consumption of edible oils and the expanding biodiesel industry. Rising population and changing dietary preferences are fueling the need for vegetable oils, while environmental concerns are promoting biodiesel production. Oilseed processing equipment enables efficient extraction, refining, and production of these oils, catering to both food and renewable energy sectors. Additionally, technological advancements, increasing automation, and the pursuit of healthier oil alternatives further contribute to the demand for modern, high-capacity processing equipment, enhancing productivity and sustainability in the oilseed industry.
Asia-Pacific accounted for the largest market share of 40.32% in 2022, with a market value of USD 6,271.6 Million and is projected to grow at the highest CAGR of 5.06% during the forecast period. Latin America was the second-largest market in 2022, valued at USD 3,622.7 Million in 2022; it is projected to grow at a CAGR of 4.52%.
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Global Oil Seed Processing Equipment MarketSegmentation Analysis
The Global Oil Seed Processing Equipment Market is segmented based on Type, End-user, and Geography.
Oil Seed Processing Equipment Market, By Type
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Based on Type, the market is segmented into oil extraction equipment, oilseed crushing equipment, oilseed cleaning equipment, oil hulling equipment, and oilseed presses.
When it comes to whipping up delicious dishes, oil extraction equipment is a must-have! It helps create top-notch oils perfect for everything from flavoring and baking to frying and cooking. But it's not just for the kitchen; because of their natural goodness and potential skin benefits, oils made with this special equipment also pop up in cosmetic and personal care items. Plus, on a larger scale, those industrial-grade oils squeezed from oilseeds are super important for manufacturing things like lubricants, biofuels, and a bunch of other industrial stuff. Interestingly, Oil Extraction Equipment led the pack with a whopping 56.75% of the market in 2022, adding up to a cool USD 8,827.7 Million, and it's expected to keep growing at a rate of 4.84%! Oilseed Presses came in second, valued at USD 2,516.0 Million in 2022 and forecasted to expand by 4.09%. Yet, the real star on the rise seems to be Oilseed Hulling Equipment, projected to grow at the fastest pace of 5.61%.
Oil Seed Processing Equipment Market, By End-user
On the basis of End-user, the Global Oil Seed Processing Equipment Market has been segmented into edible oil, biofuels, and others.
So, you know that cooking oil you use every day? That's edible oil, and it comes from squeezing oil seeds just right to get that perfect texture. Think of oils like Corn oil, Canola oil, Cottonseed oil, Soy oil, Sunflower oil, Safflower oil, and even Grapeseed oil – all from seeds! We use these oils for pretty much everything in the kitchen, from a quick saute to deep frying, or even just tossing a salad. And get this, we're using more and more edible oils every year! In fact, edible oil was a huge market in 2022, grabbing over 57% of the share – that's like USD 8,994.6 Million! And it's expected to keep growing. Biofuel was also a big player, coming in second at USD 3,054.5 Million, and it's actually expected to grow even faster!
Oil Seed Processing Equipment Market, By Geography
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On the basis of regional analysis, the Global Oil Seed Processing Equipment Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
In North America, the US led the way in 2022, grabbing a whopping 70.12% of the market, which translated to USD 2,046.1 Million. Experts predict it'll keep growing at a rate of 4.19% over the next few years. Canada came in second with a value of USD 703.8 Million in 2022 and is expected to see a 4.16% growth rate. Interestingly, Mexico is poised for the biggest jump, with a projected CAGR of 4.70%. Over in Europe, Germany dominated with 16.21% of the market in 2022, reaching USD 381.2 Million, and is forecasted to grow at a CAGR of 3.82%. The UK followed behind with USD 143.9 Million in 2022 and a projected CAGR of 4.06%. But watch out for the Rest of Europe, which is anticipated to surge ahead with the highest CAGR of 4.28%!
Looking at the Asia-Pacific region, China led the way in 2022 with a whopping 30.21% market share, translating to USD 1,894.6 Million. We're expecting it to grow at a rate of 5.08% going forward. Japan came in second, with a value of USD 139.9 Million in 2022, and is predicted to grow at 3.74%. Interestingly, India is expected to see the fastest growth in the region at 5.89%. Over in Latin America, Brazil dominated in 2022 with 41.21% of the market, worth USD 1,492.9 Million, and is expected to grow at 4.43%. Argentina held the second spot, valued at USD 1,352.0 Million in 2022, and should experience the highest growth in the region at 4.60%. Finally, in the Middle East & Africa, South Africa had the largest market share at 17.78% in 2022, with a value of USD 69.4 Million, and a projected growth of 4.96%. The UAE followed with a value of USD 46.9 Million in 2022, and is expected to grow at 4.66%. However, the rest of the Middle East & Africa is forecasted to grow the fastest at 5.28%.
Key Players
The major players in the market are; Goyum screw press, Anderson International Corp., Alvan Blanch Development Co., Ltd., French Oil Mill Machinery Co., Qie Grain and Oil Machinery Co., Ltd., Anyang Best Complete Machinery Engineering Co., Ltd., Henan Doing Mechanical Equipment Co., Ltd., Henan Kingman Mechanical & Electrical Complete Plant Co., Ltd. (Kmec), Gobind expeller company, Nebraska Screw Press, and others. This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.
Company Market Ranking Analysis
Okay, so we've really dug into the Oil Seed Processing Equipment market to see how the big players stack up. Our company ranking analysis isn't just a guess; we look at a bunch of things to figure out who's on top. Right now, we're focusing on the top threeGoyum screw press, Anderson International Corp., and Alvan Blanch Development Co., Ltd. We check out their brand value, what kind of products they offer (features, prices, all that!), how far they reach across different regions, how much they're selling, and their piece of the overall revenue pie. Plus, we're checking out the technologies and strategies they're using to get bigger, whether it's worldwide or just in certain areas. Finally, we look at their distribution network, both online and offline, because that really tells us how well they're planted in different Oil Seed Processing Equipment markets.
Company Regional/Industry Footprint
Want to know where a company does business? Check out the regional section to see their geographical presence, how far their reach extends regionally, or their sales network. For example, Goyum screw press is all over the world – North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa! Then, the industrial footprint section dives into different industries and key players, giving you a good sense of the competitive landscape and the industries companies support with their products. Plus, we break down the product portfolio, looking at how diversified they are and the sheer number of products or services they offer. Finally, we determine geographic reach and market penetration by considering how deeply a company's products and services have penetrated different regions and industries.
Ace Matrix
This section of the report provides an overview of the company evaluation scenario in the Oil Seed Processing Equipment market. The company evaluation has been carried out based on the outcomes of the qualitative and quantitative analyses of various factors such as the product portfolios, technological innovations, market presence, revenues of companies, and the opinions of primary respondents.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2019-2030
BASE YEAR
2022
FORECAST PERIOD
2024-2030
HISTORICAL PERIOD
2019-2021
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
Goyum screw press, Anderson International Corp., Alvan Blanch Development Co., Ltd., French Oil Mill Machinery Co., Qie Grain and Oil Machinery Co., Ltd., Anyang Best Complete Machinery Engineering Co., Ltd., & Others
SEGMENTS COVERED
Type, End-user, and Geography
CUSTOMIZATION SCOPE
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope
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