The global oilseeds and grain seeds market is valued at around USD 72.6 billion in 2022. We estimate around 11.64% Compounded Annual Growth Rate to be registered in the industry between 2023 and 2030. Amidst limited options as substitutes in food applications, the demand for oilseeds and grain seeds continues to remain strong over the forecast period.
Oilseed and Grain Seed Market Analysis
The oilseeds and grain seeds industry will remain a critical component of the global agricultural landscape, meeting the ever-growing demand for food and oil products worldwide. Oilseeds and grain seeds currently play a crucial role in providing the world with essential food and oil products. This importance is expected to continue growing in the years ahead as the global population expands and food consumption increases.
Oilseeds are those grains that are also valuable for the oil content they produce and include- soybean, sunflower, cotton, rapeseed, and others. These seeds are processed to extract oil, which is used in a wide range of products such as cooking oils, margarine, biodiesel, and many more. On the other hand, grain seeds are identified as cereals suitable as food for human beings and include maize/corn, rice, wheat, and others.
Both oilseeds and grain seeds have undergone significant technological advances in recent years. Biotechnology has enabled the creation of modern seeds that are more resistant to pests and diseases, as well as more adaptable to different environmental conditions. This has resulted in higher crop yields, improved crop quality, and reduced costs for farmers.
Increasing consumer awareness towards healthy oils, preference for new food ingredients and robust demand in developing countries are shaping the market outlook. Consumers across markets are increasingly looking for foods that are nutritious and produced sustainably, supporting the demand for oilseed and grain seed-producing and distribution companies.
Market Dynamics
Market Trend- Increased farm expenditure and decreased arable land
Rapid growth in farm expenditure is a major factor supporting the demand for high-quality and superior-yield oilseeds and grain seeds. Continuous growth in farm expenditure is observed worldwide, with farmers investing more money in their operations, driving the need for increased yields and improved quality of crops.
In addition, decreasing arable land also supports the demand for high-quality seeds. The growing demand for food, coupled with the decline in per capita arable land due to rising population and urbanization, has led to a greater focus on innovative farming techniques to increase efficiency and productivity. According to the Food and Agriculture Organization (FAO), the amount of arable land per person is decreasing due to population growth. In 1960, there were 0.45 hectares of arable land per person globally, but by 2015, that had decreased to 0.20 hectares per person.
As farmers look for ways to increase efficiency and productivity, they will continue to seek out new and innovative products, such as hybrid and GM seeds, to help them meet their goals.
Market Driver- Growth opportunities in Biotech trait seeds
Advances in genetic engineering and biotechnology are driving the development of new biotech trait seeds with even greater benefits. Biotech trait seeds offer significant growth opportunities in the agriculture industry, in particular, for soybeans, maize, cotton, and canola. These seeds are genetically modified to provide a range of benefits, including increased yield, improved resistance to pests and diseases, and enhanced nutrient content.
Amidst robust growth potential, farmers are procuring biotech trait seeds. The US, Brazil, Argentina, Canada, India, Paraguay, China, and other countries are widely using Biotech crops. Further, the market is expanding beyond traditional markets such as North America and Europe, with growth in Asia, Latin America, and Africa.
In addition, technological advancements in biotech trait seeds including Gene editing, RNA interference, Genome sequencing, marker-assisted breeding, synthetic biology, and others support the long-term market outlook.
Market Segmentation
The global Oilseed and Grain Seed Market is segmented into Types, Applications, and Countries.
Soybean oil held the dominant market share in 2022
Soybean oil is the most widely used vegetable oil in North America due to its neutral flavour and functional versatility. The US, Brazil and Argentina are among the leading soybean oilseed producing countries. The European Union is the largest importer of soybean oil globally, while China is the largest consumer and importer of soybean oil in Asia Pacific.
Corn Grain seed segment is growing at the highest CAGR during the forecast period
According to the FAO, the global production of corn in 2022 was around 1.2 billion tonnes. The United States is the largest producer and consumer of corn in the world, accounting for around 35% of global production. Further, Corn is a staple food in many Latin American countries, presenting strong growth prospects. In addition to edible applications, the growing popularity of corn-based ethanol is supporting the demand for corn.
Asia Pacific is the fastest growing market for the period 2023 to 2030
Driven by China, India, and other Asian countries, regional growth is strongest in the Asia Pacific. China is the dominant market for Oilseed and grain seeds in the Asia Pacific. China is one of the largest oilseeds consumers worldwide, driven by a huge population base, improved living standards, large demand for processed foods, and significant domestic production of different oil types.
Further, the Chinese government provides subsidies to farmers to use commercial seeds, which propels the market for seed treatments. The government implements diverse programs and policies aimed at promoting agricultural productivity and rural development. The rapid expansion of the Chinese oilseed and grain seed market can be credited to the increasing population, a surge in the demand for seed cultivation, and rapid progress in seed technology. The limited availability of arable land and uneven quality of seeds are supporting the demand for developing high-quality seeds.
The government aims to ‘consolidate the foundation of security in an all-round way, firmly adhere to the red line of 1.8bn mu [close to 120mn hectares] of arable land, and ensure that the rice bowl of Chinese is firmly in their hand’. Accordingly, we anticipate the demand for high-quality biotech traits to remain robust in the country.
Segmentation
By Oilseeds
By Grain Seeds
By Region
Key Players
Oilseed and Grain Seed Market Outlook 2023
1 Market Overview
1.1 Introduction to Oilseed and Grain Seed Market
1.2 Scope of the Study
1.3 Research Objective
1.3.1 Key Market Scope and Segments
1.3.2 Players Covered
1.3.3 Years Considered
2 Executive Summary
2.1 2023 Oilseed and Grain Seed Industry- Market Statistics
3 Market Dynamics
3.1 Market Drivers
3.2 Market Challenges
3.3 Market Opportunities
3.4 Market Trends
4 Market Factor Analysis
4.1 Porter’s Five Forces
4.2 Market Entropy
4.2.1 Global Oilseed and Grain Seed Market Companies with Area Served
4.2.2 Products Offerings Global Oilseed and Grain Seed Market
5 COVID-19 Impact Analysis and Outlook Scenarios
5.1.1 Covid-19 Impact Analysis
5.1.2 Post-COVID-19 Scenario- Low Growth Case
5.1.3 Post-COVID-19 Scenario- Reference Growth Case
5.1.4 Post-COVID-19 Scenario- Low Growth Case
6 Global Oilseed and Grain Seed Market Trends
6.1 Global Oilseed and Grain Seed Revenue (USD Million) and CAGR (%) by Type (2018-2028)
6.2 Global Oilseed and Grain Seed Revenue (USD Million) and CAGR (%) by Applications (2018-2028)
6.3 Global Oilseed and Grain Seed Revenue (USD Million) and CAGR (%) by Regions (2018-2028)
7 Global Oilseed and Grain Seed Market Revenue (USD Million) by Type, and Applications (2018-2022)
7.1 Global Oilseed and Grain Seed Revenue (USD Million) by Type (2018-2022)
7.1.1 Global Oilseed and Grain Seed Revenue (USD Million), Market Share (%) by Type (2018-2022)
7.2 Global Oilseed and Grain Seed Revenue (USD Million) by Applications (2018-2022)
7.2.1 Global Oilseed and Grain Seed Revenue (USD Million), Market Share (%) by Applications (2018-2022)
8 Global Oilseed and Grain Seed Development Regional Status and Outlook
8.1 Global Oilseed and Grain Seed Revenue (USD Million) By Regions (2018-2022)
8.2 North America Oilseed and Grain Seed Revenue (USD Million) by Type, and Application (2018-2022)
8.2.1 North America Oilseed and Grain Seed Revenue (USD Million) by Country (2018-2022)
8.2.2 North America Oilseed and Grain Seed Revenue (USD Million) by Type (2018-2022)
8.2.3 North America Oilseed and Grain Seed Revenue (USD Million) by Applications (2018-2022)
8.3 Europe Oilseed and Grain Seed Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)
8.3.1 Europe Oilseed and Grain Seed Revenue (USD Million), by Country (2018-2022)
8.3.2 Europe Oilseed and Grain Seed Revenue (USD Million) by Type (2018-2022)
8.3.3 Europe Oilseed and Grain Seed Revenue (USD Million) by Applications (2018-2022)
8.4 Asia Pacific Oilseed and Grain Seed Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)
8.4.1 Asia Pacific Oilseed and Grain Seed Revenue (USD Million) by Country (2018-2022)
8.4.2 Asia Pacific Oilseed and Grain Seed Revenue (USD Million) by Type (2018-2022)
8.4.3 Asia Pacific Oilseed and Grain Seed Revenue (USD Million) by Applications (2018-2022)
8.5 South America Oilseed and Grain Seed Revenue (USD Million), by Type, and Applications (2018-2022)
8.5.1 South America Oilseed and Grain Seed Revenue (USD Million), by Country (2018-2022)
8.5.2 South America Oilseed and Grain Seed Revenue (USD Million) by Type (2018-2022)
8.5.3 South America Oilseed and Grain Seed Revenue (USD Million) by Applications (2018-2022)
8.6 Middle East and Africa Oilseed and Grain Seed Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)
8.6.1 Middle East and Africa Oilseed and Grain Seed Revenue (USD Million) by Country (2018-2022)
8.6.2 Middle East and Africa Oilseed and Grain Seed Revenue (USD Million) by Type (2018-2022)
8.6.3 Middle East and Africa Oilseed and Grain Seed Revenue (USD Million) by Applications (2018-2022)
9 Company Profiles
10 Global Oilseed and Grain Seed Market Revenue (USD Million), by Type, and Applications (2023-2028)
10.1 Global Oilseed and Grain Seed Revenue (USD Million) and Market Share (%) by Type (2023-2028)
10.1.1 Global Oilseed and Grain Seed Revenue (USD Million), and Market Share (%) by Type (2023-2028)
10.2 Global Oilseed and Grain Seed Revenue (USD Million) and Market Share (%) by Applications (2023-2028)
10.2.1 Global Oilseed and Grain Seed Revenue (USD Million), and Market Share (%) by Applications (2023-2028)
11 Global Oilseed and Grain Seed Development Regional Status and Outlook Forecast
11.1 Global Oilseed and Grain Seed Revenue (USD Million) By Regions (2023-2028)
11.2 North America Oilseed and Grain Seed Revenue (USD Million) by Type, and Applications (2023-2028)
11.2.1 North America Oilseed and Grain Seed Revenue (USD) Million by Country (2023-2028)
11.2.2 North America Oilseed and Grain Seed Revenue (USD Million), by Type (2023-2028)
11.2.3 North America Oilseed and Grain Seed Revenue (USD Million), Market Share (%) by Applications (2023-2028)
11.3 Europe Oilseed and Grain Seed Revenue (USD Million), by Type, and Applications (2023-2028)
11.3.1 Europe Oilseed and Grain Seed Revenue (USD Million), by Country (2023-2028)
11.3.2 Europe Oilseed and Grain Seed Revenue (USD Million), by Type (2023-2028)
11.3.3 Europe Oilseed and Grain Seed Revenue (USD Million), by Applications (2023-2028)
11.4 Asia Pacific Oilseed and Grain Seed Revenue (USD Million) by Type, and Applications (2023-2028)
11.4.1 Asia Pacific Oilseed and Grain Seed Revenue (USD Million), by Country (2023-2028)
11.4.2 Asia Pacific Oilseed and Grain Seed Revenue (USD Million), by Type (2023-2028)
11.4.3 Asia Pacific Oilseed and Grain Seed Revenue (USD Million), by Applications (2023-2028)
11.5 South America Oilseed and Grain Seed Revenue (USD Million), by Type, and Applications (2023-2028)
11.5.1 South America Oilseed and Grain Seed Revenue (USD Million), by Country (2023-2028)
11.5.2 South America Oilseed and Grain Seed Revenue (USD Million), by Type (2023-2028)
11.5.3 South America Oilseed and Grain Seed Revenue (USD Million), by Applications (2023-2028)
11.6 Middle East and Africa Oilseed and Grain Seed Revenue (USD Million), by Type, and Applications (2023-2028)
11.6.1 Middle East and Africa Oilseed and Grain Seed Revenue (USD Million), by Region (2023-2028)
11.6.2 Middle East and Africa Oilseed and Grain Seed Revenue (USD Million), by Type (2023-2028)
11.6.3 Middle East and Africa Oilseed and Grain Seed Revenue (USD Million), by Applications (2023-2028)
12 Methodology and Data Sources
12.1 Methodology/Research Approach
12.1.1 Research Programs/Design
12.1.2 Market Size Estimation
12.1.3 Market Breakdown and Data Triangulation
12.2 Data Sources
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Disclaimer
List Of Tables
Table 1 Market Segmentation Analysis
Table 2 Global Oilseed and Grain Seed Market Companies with Areas Served
Table 3 Products Offerings Global Oilseed and Grain Seed Market
Table 4 Low Growth Scenario Forecasts
Table 5 Reference Case Growth Scenario
Table 6 High Growth Case Scenario
Table 7 Global Oilseed and Grain Seed Revenue (USD Million) And CAGR (%) By Type (2018-2028)
Table 8 Global Oilseed and Grain Seed Revenue (USD Million) And CAGR (%) By Applications (2018-2028)
Table 9 Global Oilseed and Grain Seed Revenue (USD Million) And CAGR (%) By Regions (2018-2028)
Table 10 Global Oilseed and Grain Seed Revenue (USD Million) By Type (2018-2022)
Table 11 Global Oilseed and Grain Seed Revenue Market Share (%) By Type (2018-2022)
Table 12 Global Oilseed and Grain Seed Revenue (USD Million) By Applications (2018-2022)
Table 13 Global Oilseed and Grain Seed Revenue Market Share (%) By Applications (2018-2022)
Table 14 Global Oilseed and Grain Seed Market Revenue (USD Million) By Regions (2018-2022)
Table 15 Global Oilseed and Grain Seed Market Share (%) By Regions (2018-2022)
Table 16 North America Oilseed and Grain Seed Revenue (USD Million) By Country (2018-2022)
Table 17 North America Oilseed and Grain Seed Revenue (USD Million) By Type (2018-2022)
Table 18 North America Oilseed and Grain Seed Revenue (USD Million) By Applications (2018-2022)
Table 19 Europe Oilseed and Grain Seed Revenue (USD Million) By Country (2018-2022)
Table 20 Europe Oilseed and Grain Seed Revenue (USD Million) By Type (2018-2022)
Table 21 Europe Oilseed and Grain Seed Revenue (USD Million) By Applications (2018-2022)
Table 22 Asia Pacific Oilseed and Grain Seed Revenue (USD Million) By Country (2018-2022)
Table 23 Asia Pacific Oilseed and Grain Seed Revenue (USD Million) By Type (2018-2022)
Table 24 Asia Pacific Oilseed and Grain Seed Revenue (USD Million) By Applications (2018-2022)
Table 25 South America Oilseed and Grain Seed Revenue (USD Million) By Country (2018-2022)
Table 26 South America Oilseed and Grain Seed Revenue (USD Million) By Type (2018-2022)
Table 27 South America Oilseed and Grain Seed Revenue (USD Million) By Applications (2018-2022)
Table 28 Middle East and Africa Oilseed and Grain Seed Revenue (USD Million) By Region (2018-2022)
Table 29 Middle East and Africa Oilseed and Grain Seed Revenue (USD Million) By Type (2018-2022)
Table 30 Middle East and Africa Oilseed and Grain Seed Revenue (USD Million) By Applications (2018-2022)
Table 31 Financial Analysis
Table 32 Global Oilseed and Grain Seed Revenue (USD Million) By Type (2023-2028)
Table 33 Global Oilseed and Grain Seed Revenue Market Share (%) By Type (2023-2028)
Table 34 Global Oilseed and Grain Seed Revenue (USD Million) By Applications (2023-2028)
Table 35 Global Oilseed and Grain Seed Revenue Market Share (%) By Applications (2023-2028)
Table 36 Global Oilseed and Grain Seed Market Revenue (USD Million), And Revenue (USD Million) By Regions (2023-2028)
Table 37 North America Oilseed and Grain Seed Revenue (USD)By Country (2023-2028)
Table 38 North America Oilseed and Grain Seed Revenue (USD Million) By Type (2023-2028)
Table 39 North America Oilseed and Grain Seed Revenue (USD Million) By Applications (2023-2028)
Table 40 Europe Oilseed and Grain Seed Revenue (USD Million) By Country (2023-2028)
Table 41 Europe Oilseed and Grain Seed Revenue (USD Million) By Type (2023-2028)
Table 42 Europe Oilseed and Grain Seed Revenue (USD Million) By Applications (2023-2028)
Table 43 Asia Pacific Oilseed and Grain Seed Revenue (USD Million) By Country (2023-2028)
Table 44 Asia Pacific Oilseed and Grain Seed Revenue (USD Million) By Type (2023-2028)
Table 45 Asia Pacific Oilseed and Grain Seed Revenue (USD Million) By Applications (2023-2028)
Table 46 South America Oilseed and Grain Seed Revenue (USD Million) By Country (2023-2028)
Table 47 South America Oilseed and Grain Seed Revenue (USD Million) By Type (2023-2028)
Table 48 South America Oilseed and Grain Seed Revenue (USD Million) By Applications (2023-2028)
Table 49 Middle East and Africa Oilseed and Grain Seed Revenue (USD Million) By Region (2023-2028)
Table 50 Middle East and Africa Oilseed and Grain Seed Revenue (USD Million) By Region (2023-2028)
Table 51 Middle East and Africa Oilseed and Grain Seed Revenue (USD Million) By Type (2023-2028)
Table 52 Middle East and Africa Oilseed and Grain Seed Revenue (USD Million) By Applications (2023-2028)
Table 53 Research Programs/Design for This Report
Table 54 Key Data Information from Secondary Sources
Table 55 Key Data Information from Primary Sources
List Of Figures
Figure 1 Market Scope
Figure 2 Porter’s Five Forces
Figure 3 Global Oilseed and Grain Seed Revenue (USD Million) By Type (2018-2022)
Figure 4 Global Oilseed and Grain Seed Revenue Market Share (%) By Type (2022)
Figure 5 Global Oilseed and Grain Seed Revenue (USD Million) By Applications (2018-2022)
Figure 6 Global Oilseed and Grain Seed Revenue Market Share (%) By Applications (2022)
Figure 7 Global Oilseed and Grain Seed Market Revenue (USD Million) By Regions (2018-2022)
Figure 8 Global Oilseed and Grain Seed Market Share (%) By Regions (2022)
Figure 9 North America Oilseed and Grain Seed Revenue (USD Million) By Country (2018-2022)
Figure 10 North America Oilseed and Grain Seed Revenue (USD Million) By Type (2018-2022)
Figure 11 North America Oilseed and Grain Seed Revenue (USD Million) By Applications (2018-2022)
Figure 12 Europe Oilseed and Grain Seed Revenue (USD Million) By Country (2018-2022)
Figure 13 Europe Oilseed and Grain Seed Revenue (USD Million) By Type (2018-2022)
Figure 14 Europe Oilseed and Grain Seed Revenue (USD Million) By Applications (2018-2022)
Figure 15 Asia Pacific Oilseed and Grain Seed Revenue (USD Million) By Country (2018-2022)
Figure 16 Asia Pacific Oilseed and Grain Seed Revenue (USD Million) By Type (2018-2022)
Figure 17 Asia Pacific Oilseed and Grain Seed Revenue (USD Million) By Applications (2018-2022)
Figure 18 South America Oilseed and Grain Seed Revenue (USD Million) By Country (2018-2022)
Figure 19 South America Oilseed and Grain Seed Revenue (USD Million) By Type (2018-2022)
Figure 20 South America Oilseed and Grain Seed Revenue (USD Million) By Applications (2018-2022)
Figure 21 Middle East and Africa Oilseed and Grain Seed Revenue (USD Million) By Region (2018-2022)
Figure 22 Middle East and Africa Oilseed and Grain Seed Revenue (USD Million) By Type (2018-2022)
Figure 23 Middle East and Africa Oilseed and Grain Seed Revenue (USD Million) By Applications (2018-2022)
Figure 24 Global Oilseed and Grain Seed Revenue (USD Million) By Type (2023-2028)
Figure 25 Global Oilseed and Grain Seed Revenue Market Share (%) By Type (2028)
Figure 26 Global Oilseed and Grain Seed Revenue (USD Million) By Applications (2023-2028)
Figure 27 Global Oilseed and Grain Seed Revenue Market Share (%) By Applications (2028)
Figure 28 Global Oilseed and Grain Seed Market Revenue (USD Million) By Regions (2023-2028)
Figure 29 North America Oilseed and Grain Seed Revenue (USD Million) By Country (2023-2028)
Figure 30 North America Oilseed and Grain Seed Revenue (USD Million) By Type (2023-2028)
Figure 31 North America Oilseed and Grain Seed Revenue (USD Million) By Applications (2023-2028)
Figure 32 Europe Oilseed and Grain Seed Revenue (USD Million) By Country (2023-2028)
Figure 33 Europe Oilseed and Grain Seed Revenue (USD Million) By Type (2023-2028)
Figure 34 Europe Oilseed and Grain Seed Revenue (USD Million) By Applications (2023-2028)
Figure 35 Asia Pacific Oilseed and Grain Seed Revenue (USD Million) By Country (2023-2028)
Figure 36 Asia Pacific Oilseed and Grain Seed Revenue (USD Million) By Type (2023-2028)
Figure 37 Asia Pacific Oilseed and Grain Seed Revenue (USD Million) By Applications (2023-2028)
Figure 38 South America Oilseed and Grain Seed Revenue (USD Million) By Country (2023-2028)
Figure 39 South America Oilseed and Grain Seed Revenue (USD Million) By Type (2023-2028)
Figure 40 South America Oilseed and Grain Seed Revenue (USD Million) By Applications (2023-2028)
Figure 41 Middle East and Africa Oilseed and Grain Seed Revenue (USD Million) By Region (2023-2028)
Figure 42 Middle East and Africa Oilseed and Grain Seed Revenue (USD Million) By Region (2023-2028)
Figure 43 Middle East and Africa Oilseed and Grain Seed Revenue (USD Million) By Type (2023-2028)
Figure 44 Middle East and Africa Oilseed and Grain Seed Revenue (USD Million) By Applications (2023-2028)
Figure 45 Bottom-Up and Top-Down Approaches For This Report
Figure 46 Data Triangulation
The global oilseeds and grain seeds market is valued at around USD 72.6 billion in 2022.
We estimate around 11.64% Compounded Annual Growth Rate to be registered in the industry between 2023 and 2030.
BASF SE, Cargill Inc, DuPont, Bayer AG, Syngenta AG, Monsanto Company, Nuziveedu Seeds Ltd., Gansu Dunhuang Seed Co. Ltd., Hefei Fengle Seed Co. Ltd., Mahyco Pvt Ltd.
Rapeseed oil, Corn seeds, and Asia Pacific are the fastest-growing segments in the market.