Oilseed and Grain Seed Market Share, Regional breakdown and forecast year 2030
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| Oilseed and Grain Seed Market |
Oilseed and Grain Seed Market to Rise due to Growing Global Population
Market Research Future (MRFR) has announced the release of a
new report on the global oilseed and grain seed market. The report examines the
global oilseed and grain seed market in detail by profiling the leading
segments of the market, the leading players operating in the market, and the
major drivers and restraints affecting the growth of the market. The past
growth patterns of the global oilseed and grain seed market are studied in great
detail in the report in order to provide a solid foundation for projections
about the market’s future growth trajectory over the forecast period.
The Global Oilseed
and Grain Seed Market Share CAGR of 4.20% is estimated to
reach USD 243.542 billion, registering a from 2023 to 2030.
The demand for oilseed and grain seed has been driven at a
solid rate over the last decade and more due to the constant increase in the
global population. This has driven the demand for food crops and is likely to
remain the key driver for the oilseed and grain seed market over the forecast
period. The rising affluence of consumers in emerging regions such as Southeast
Asia, the Middle East, Africa, and South America is likely to be a major driver
for the global oilseed and grain seed market over the forecast period, as these
consumers are now financially able to purchase increasing amounts of oilseed
and grain seed products. The rising prosperity in these emerging regions is
thus likely to be a major driver for the global oilseed and grain seed market
over the forecast period.
Segmentation:
The global oilseed and grain seed market is segmented on the
basis of type and seed type.
The global oilseed and grain seed market is bifurcated into
oilseed and grain seed by type. Of these, the oilseed segment is further
sub-segmented into soybean, sunflower, canola, and cotton, while the grain seed
segment includes corn, wheat, rice, and millet.
By seed type, the global oilseed and grain seed market is
segmented into seeds with traits and other seeds. The seeds with traits segment
is segmented into seeds with herbicide resistance and seeds with insecticide
resistance.
Regional Analysis:
Regionally, the global oilseed and grain seed market is
segmented into North America, Europe, Asia Pacific, and rest of the world.
The U.S. and Asia Pacific hold the largest cultivation areas
for oilseed and grain seed and are likely to remain the global leaders in the
market over the forecast period. The traditional stronghold of the agriculture
industry in the U.S. is likely to continue to drive the oilseed and grain seed
market over the forecast period, as the country is home to some of the largest
grain producing companies in the world and is likely to remain a dominant
leader in the market in the coming years. Two of the top five grain producing
companies in the world are situated in the U.S.
Asia Pacific has always been an agriculture-centric region,
with several countries in the region still relying primarily on agriculture for
their GDP. This is likely to drive the Oilseed
and Grain Seed Market Trends in the region over the forecast
period. The rising population in Asia Pacific is also likely to drive the
oilseed and grain seed market in the region over the forecast period.
Governments in the region are also looking to achieve large-scale technological
updation of the agriculture sector, which could also benefit the oilseed and
grain seed market in the region over the forecast period. China is the second
largest producer of oilseed and grain seed in the world, which could prove to
be a major factor in ensuring the Asia Pacific oilseed and grain seed market’s
constant growth over the forecast period.
Competitive Analysis:
Leading players in the global oilseed and grain seed market
include Bayer Cropscience AG, Dow AgroSciences LLC, Gansu Dunhuang Seed Co.
Ltd., Krishidhan Seeds Pvt. Ltd., Land o’Lakes Inc., Limagrain, KWS Saat AG,
Hefei Fengle Seed Co. Ltd., DuPont de Nemours and Company, and Burrus Seed
Farm.
Industry Updates:
In October 2018, Cargill announced plans to shut down its
crush plant in northwest New South Wales due to an impending reduction in the
supply of affordable cottonseed.
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