Oilseed Processing Market Competitor Analysis and Forecast Report 2021-2027

Precision Business Insights published a research report on “Global Oilseed Processing Market By Seed Type ( Palm kernels, Groundnuts, Rapeseed, Cottonseed, Copra, Sunflower seed, Soybean), by Process Type (Mechanical process, Chemical process), By Application (Feed, Food, Industrial, Bio-fuels) and Geography”- Global/Region/Country Forecast to 2027.

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “Global Oilseed Processing Market By Seed Type (Palm kernels, Groundnuts, Rapeseed, Cottonseed, Copra, Sunflower seed, Soybean), by Process Type (Mechanical process, Chemical process), By Application (Feed, Food, Industrial, Bio-fuels) and Geography”- Global/Region/Country Forecast to 2027.

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Oilseed processing is performed to extract the edible as well as inedible vegetable oils. These oils are extracted for the preparation of biofuels, cosmetics, lubricants and human use.  There is growing demand for edible oils from householder and food sector. But, vegetable oils are used as biofuels from last few years because of the decline in non-renewable sources. Oilseed processing is performed through either mechanical or chemical extraction. There are two types in oilseeds such as high oil content seeds and low oil content seeds. Low oil content seeds have 20% oil and high level oil content seeds have 60% or more oil. Usually, hazelnuts, soybean, poppy seeds, and peanuts are utilized to extract the oils.

Growing global population results into increasing household intake of oil, technological developments in the oilseed processing and increasing count of food processing industries are fuelling the growth of the global oilseed processing market. Furthermore, changing food preferences, growing inclination towards biofuels use in vehicles as well as machinery and huge range of applications in pharmaceutical industries are projected to impel the oilseed market. But, variation in the raw materials cost, strict government rules for production, exportation and marketing of oil and changing environmental conditions can hamper the market growth. 

Impact of COVID-19 on Oilseed Processing Market:

In addition, the report discusses the implications of COVID-19, including the industry’s initial response and strategies for ensuring business continuity in the coming years.

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North America is Driving Oilseed Processing Market Followed by Europe and Asia Pacific

Oilseed processing market in North America is driven by several factors such as presence of huge count of food and feed industries in the region, increase in farming of vegetables and modernization of oil processing plants. Europe is anticipated to obtain considerable revenue share because of the rapid industrialization in both feed and food companies and changing food habits. But, Asia Pacific is a rising region owing to increase in the demand for oilseed processed products like soybean meal in important countries of this region such as India and China, huge demand for biodiesel and emerging countries of Asia Pacific can foster the market.

Competitive Analysis

There are a few leading players operating in oilseed processing market, which include Wilmar International Ltd. (Singapore), Archer Daniels Midland Company (U.S.), Richardson International Limited (Canada), CHS Inc. (U.S.), EFKO GROUP (Austria), Cargill (U.S.), ITOCHU Corporation (Japan), Bunge Limited (U.S.), and Ag Processing Inc. (U.S.) to name a few.

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