North America Oilseed Market

North America Oilseed Market Size, Growth, Trends and Forecast:

North America Oilseed Market was worth USD xx billion in 2021 and is projected to grow at a CAGR of xx%, to reach USD xx billion by 2026.

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 the efficiency and making 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 bio fuels and in the manufacture of some pet foods.

Drivers and Restraints of North America Oilseed Market:

Increase in the consumption of vegetable oils for cooking purposes and 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.

The North America Oilseed Market is segmented and sub-segmented into following categories:

North America Oilseed Market - 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.

North America Oilseed Market - By Application:

• Household Consumption
• Bio-fuels
• Food service
• 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.

North America Oilseed Market - By Biotech Trait:

• Insecticide resistant
• herbicide tolerant
• other traits

The Market is Geographically divided into:

North America:

• U.S.A
• Canada

North America leads the oilseed market as U.S is the largest producer of Oilseeds in the world. Also, the distribution channels in this region are well penetrated and available for household consumption.

Key Players:

• 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