Oilseeds Market Outlook:
The surging need for food and biofuel is estimated to create lucrative opportunities for the oilseeds market. The agriculture reports are made by Market Research Future, which includes market options for expansion. An ascendant CAGR is projected to motivate the market in the coming period.
The oilseeds Market is set to register a CAGR of 4.1% with a market value of $201.1million in 2020 over the forecast period of 2021-2026.
The demand for oilseed extracts has seen a significant uptick due to its altering applications; this factor is estimated to boost the oilseeds market. The improved accessibility to high-quality oilseeds is estimated to create a positive outlook in the oilseeds market through the forecast period. The prominence of the global market, especially in developed countries is likely to induce expansion in the oilseeds market.
Segmental Analysis
The segmental scrutiny of the oilseeds market has been conducted based on the biotech trait, oilseed type, category, and region. Based on the oilseed type, the oilseeds market has been segmented into cotton seed, soybeans, canola seed, sunflower seed, and others. Based on biotech trait, the oilseeds market has also been segmented into herbicide-tolerant, insecticide-resistant, and other stacked traits. Based on regions, the oilseeds market is segmented into Europe, North America, Asia Pacific, and other notable regions. Based on category, the oilseeds market has been segmented into genetically modified and conventional. Based on category, the oilseeds market has been segmented into genetically modified and conventional.
Detailed Regional Analysis
The regional overview of the oilseeds market has been conducted based on Europe, North America, Asia Pacific, and other notable regions. The North American oilseeds market is anticipated to control the global market with the national market of the US being the foremost supplier to the development of the market. The developing implementation of genetically modified seeds by US growers is anticipated to power the advance of the North American oilseeds market throughout the forecast period. The Asia Pacific regional market also held a noteworthy segment of the global oilseeds market in 2018. The mounting request for vegetable oil and intensifying demand for soymeal in the feed industry is anticipated to drive the development of the oilseeds market in the Asia Pacific market. The European oilseeds market is also projected to hold a noticeable stake in the global market. In the rest of the world, Brazil is holding the majority segment of the oilseeds market.
Competitive Analysis
The tone of diversification is likely to induce the growth of the global market with contenders trying to reduce the risk of volatility that is common in the market currently. The introduction of new products is estimated to range between lots of launches for individual companies to selected product launches in exclusive regional markets. The government bodies around the world are expected to have a dominant role in getting the global economy on track with conducive policies and subsidies. The market is estimated to create its trajectory for development in the period ahead owing to the individual contributions of the market stakeholders. The effectiveness of market strategies is estimated to be keenly observed to goad the consumer sentiments in the right angle and culminate in the purchasing of the various products and services. The inflow of funding in critical transactions can be estimated to have an overall positive effect on the global market in the appraisal period. The impact of disruptive technologies is also estimated to be calculated in the coming period to reduce disturbances in the market structure.
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The central contenders in the oilseeds market are Monsanto Company (US), Syngenta (Switzerland), Groupe Limagrain Holding (France), DuPont (US), Nuziveedu Seeds Ltd (India), Cargill, Incorporated (US), Seed Co Limited (South Africa), Land O'Lakes, Inc. (US), BASF SE (Germany), and Mahyco Seeds Company Limited (India).
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