Oilseed Market Trends and Forecast 2024Posted by Prashanth on November 19th, 2019 Oilseeds are mostly using to extract edible oil for food industry and households. From the last two decades, usage of vegetable oil has increased rapidly in the field of bio-fuel, due to lack of non-renewable assets for many purposes. BASF's High-quality oilseeds are adapted toward local conditions, which helps in achieving high productivity. To enable such high-performance productivity BASF consistently provide their best engineering by maximizing oil and grain yields, this helps in improving disease resistance. Nearly 70+ products are present in the pipeline, as well as hybrids are in the trial in one hundred plus European region. BASF's healthy spring and winter oilseed hybrids help farmers throughout the European region with spontaneous quality performance in the fields. The rise in the using of vegetable oils for cooking purposes and rising food industry are the main aspects affecting the growth of the oilseed market. Rising government regulations on manufacturing, exporting and marketing of oil could be a potential restraint to this market. Market Segmentation Market Data Forecast published a report named Oilseed Market. Global Oilseeds Market is expected to garner 5,213 million by 2024, from 5,696 million in 2019, registering a CAGR of 2.5% from 2019 to 2024. Report segmented as: By Type:
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The oilseed market has expected to reach with a double-digit CAGR from 2018 to 2025. Soybean leads the global oilseed market, and it is the fastest growing sector in the oilseed as far as edible oil is concerned. Latin America is the lead producer of soybean. Progress in retail and modern oilseed processing technologies has further caused the availability of a product in the market. Another main factor that estimated to drive the market is demand for biofuels in developing and developed countries. Geographical Segmentation: Based on geography, the market divided under many countries namely, North America, Middle East, Africa, Latin America, Asia-Pacific, and Europe. Europe is dominating the Oilseed Market and Asia-pacific approximated to grow at the highest rate. Key Market Players:
The scope of the report: The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/ Like it? Share it! More by this author |