Latin America Oilseed Market

Latin America Oilseed Market Size (2024 to 2029)

The Latin America Oilseed market size is expected to reach USD 24.86 billion in 2024 and is anticipated to reach USD 35.45 billion by 2029, growing at a CAGR of 6.09%, from 2024 to 2029.

The seeds of a plant, when used as a source of vegetable oil, are called oilseeds. Though oil can be extracted from many parts of the plant, seeds are primarily used for commercial purposes. Oil is extracted from seeds by a machine known as oilseed press. Over the course of time, several oilseed presses are designed to improve efficiency and make the process cost-effective.

Vegetable oils are generally used as ingredients in food to improve the texture and to impart certain flavors. Some of the oils with high flash point such as sunflower oil and soybean oil are used as cooking oils. Apart from its applications in cooking, vegetable oils are used in making soaps, perfumes and cosmetic products. They are also used as biofuels and in the manufacture of some pet foods.

The increase in the consumption of vegetable oils for cooking purposes and the growing food industry are the major factors driving the oilseed market. Reduction in prices due to the new processing equipment and development of effective extraction process, high penetration of retail and wholesale distribution channels in rural as well as urban areas are propelling the oilseed market. Stringent government regulations on manufacturing and exports and loopholes in distribution channels are restraining the growth of the market.

This research report on the Latin American oilseed market is segmented and sub-segmented into following categories:

Latin America Oilseed Market Analysis By Type

• Rapeseed
• Cottonseed
• Soybeans
• Groundnuts
• Canola
• Palm Kernels
• Sunflower seed
• Safflower seed
• others

Soybean leads the oilseed market, and it is also expected to be the fastest-growing market segment. It is due to its higher production and increased demand for household consumption.

Latin America Oilseed Market Analysis By Application

• Household Consumption
• Bio-fuels
• Foodservice
• others

Household consumption is the largest application of oilseeds and due to the rapidly growing food service industry. Food service application is the fastest growing market segment. Also, due to the increasing focus on alternate fuel sources, use of vegetable oils as bio fuels is rising significantly. Based on biotech traits, the market is categorized into insecticide-resistant, herbicide tolerant, and other traits.

COUNTRY ANALYSIS

On the basis of region, the Latin American oilseed market is segmented into Brazil, Argentina, Mexico, and the Rest of South America. Brazil is the largest producer of oilseeds in this region and hence it holds the largest market share. Argentina also contribute significantly to the oilseeds market.

KEY PLAYERS IN THE LATIN AMERICA OILSEED MARKET

Dow AgroSciences, Gansu Dunhuang Seed Co Ltd, Syngenta, Burrus Seed farm, ADM Ölmühle Hamburg, Hefei Fengle Seed Co Ltd, Diester Industrie, Land O’Lakes Inc, Green BioFuels Corporation, President Rice Products and Acecook Vietnam. These are the market players that are dominating the Latin America oilseed market.