North America Oilseed Market

North America Oilseed Market Size (2024 to 2032)

The North American oilseed market was valued at USD 103.43 billion in 2023 and is anticipated to reach 108.57 billion in 2024 from USD 160.04 billion by 2032, growing at a CAGR of 4.97% from 2024 to 2032.

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 an 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.

Market Drivers and Restraints

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 North America Oilseed market is segmented and sub-segmented into following categories

North 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.

North 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, the use of vegetable oils as biofuels is rising significantly.

North America Oilseed Market Analysis By Biotech Trait

• Insecticide resistant
• herbicide-tolerant
• other traits

COUNTRY ANALYSIS

• U.S.A
• Canada
• Mexico
• Rest of North America

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 MARKET 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.