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Oilseed Market (seed For Sowing) Market Size

The oilseed market is projected to experience significant growth over the forecast period, driven by the increasing adoption of hybrid seeds, particularly transgenic varieties, which offer higher yields and resistance to pests and diseases. This market expansion is supported by the rising global demand for protein-rich feeds and the cultivation of oilseed crops such as soybean and canola. North America leads in production, with substantial contributions from China and South America, while Europe and Africa also play important roles in the market. The market's growth is further fueled by factors such as consumer demand, price increases, and the expansion of edible oil processing facilities.

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Market Size of oilseed Industry (seed for sowing)

Oilseed Market (seed For Sowing) Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 14.46 Billion
svg icon Market Size (2030) USD 20.51 Billion
svg icon Largest Share by Breeding Technology Hybrids
svg icon CAGR (2024 - 2030) 6.01 %
svg icon Largest Share by Region North America

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Oilseed Market (seed For Sowing) Analysis

The Oilseed Market (seed For Sowing) size is estimated at 14.46 billion USD in 2024, and is expected to reach 20.51 billion USD by 2030, growing at a CAGR of 6.01% during the forecast period (2024-2030).

14.46 Billion

Market Size in 2024 (USD)

20.51 Billion

Market Size in 2030 (USD)

7.82 %

CAGR (2017-2023)

6.01 %

CAGR (2024-2030)

Largest Market by Crop

71.86 %

value share, Soybean, 2023

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Soybeans comprise the largest segment in the market because of the increase in oil prices and the availability of new improved seed varieties for higher return on investment (ROI).

Largest Market by Country

29.92 %

value share, United States, 2023

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It is the largest country due to the high demand for consumption, being a leading exporter of oil crops, an increase in the generation of biodiesel, and high-profit margins.

Fastest-growing Market by Crop

6.33 %

Projected CAGR, Soybean, 2024-2030

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It is the fastest-growing segment because of high demand by processing industries and wider adoption of herbicide-tolerant cultivars in major soybean-growing countries.

Fastest-growing Market by Country

10.79 %

Projected CAGR, Germany, 2024-2030

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It is the fastest-growing country due to the availability and adoption of improved traits for better productivity and an increase in the cultivation area of oilseed crops.

Leading Market Player

20.32 %

market share, Bayer AG, 2022

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The company is the market leader as it is investing in producing GMO hybrid seeds, has a wide variety of seeds for soybeans, and has signed partnership agreements with regional players.

Hybrids dominated the market due to the higher yield, pest resistance, and improved oil quality traits

  • Globally, hybrids accounted for a higher share than open-pollinated varieties because hybrid seeds are high-yielding, adaptable to different regions and weather conditions, pest resistant, and high-quality oil crops are produced by using hybrid seeds.
  • Among the hybrids, transgenic hybrid seeds dominated the global oilseed market, with a share of 56.2% in 2022, which increased by 72.5% during 2017- 2022. This is due to the growing acceptance of transgenic seeds worldwide as well as the increase in areas under cultivation as farmers are increasingly using them to meet the required production.
  • Globally, in 2022, the non-transgenic share was 43.8% of the hybrid oilseed market because of the transgenic crops banned in Europe and growing awareness among the people about the benefits of consuming non-GMO food.
  • In 2022, the herbicide-tolerant hybrid seed market accounted for 76.5% of the global transgenic oilseed market, with soybean being the largest market, valued at USD 4.75 billion, followed by canola with USD 810.8 million in 2022. Among the transgenic crop traits for oilseeds, the herbicide-tolerant trait is the most adopted by farmers, as weeds are the major problem in crop production and cause a reduction of 20%-25% in crop yield.
  • Open-pollinated seed varieties are used less compared to hybrid seed varieties because open-pollinated seed varieties are not resistant to diseases and can be attacked easily by weeds. Thus, to minimize crop loss due to weeds and insects, growers use hybrid seed traits that have characteristics such as disease tolerance and insect resistance. Thus, benefits such as higher yield and resistance to pets drive the hybrid seed segment during the forecast period.
Global Oilseed Market (seed For Sowing)

North America dominated the global oilseed market, with soybean, canola, and sunflower having higher shares

  • Oilseed crops contributed 19.6% of the global seed market in 2022, which was an increase of 29.5% during the historical period.
  • In 2022, North America was the largest producer of oilseeds and accounted for USD 5.2 billion. The United States was the largest country in the region, which accounted for 30% of the global oilseed market in 2022 because of the demand from export markets, the availability of high-yield seed varieties, and an increase in global demand for protein-rich feeds.
  • China was the second largest country, which accounted for 14.4% of the global oilseed market in 2022. The Chinese oilseeds market is dominated by soybean, canola, rapeseed, and mustard crops, which accounted for 74.7% and 16.1% of the market in 2022, respectively.
  • South America had a market of USD 3.04 billion in the global oilseed market in 2022 due to an increase in the cultivation area and leading producers of oilseed crops, such as Brazil and Argentina, which together accounted for 16.7% of the global oilseed market.
  • In Europe, oil seeds contributed USD 1.5 billion to the region's seed market in 2022. Sunflower and soybean are the major oilseed crops in the region, which were dominated by Russia, Ukraine, and Turkey in 2022.
  • Africa accounted for USD 497.3 million in the oilseed market in 2022. South Africa occupied a major share, which accounted for 42.2% of the African oilseed market in 2022 due to the increase in the prices and demand from consumers and the expansion of edible oil processing plants.
  • An increase in the prices, demand from consumers, and the expansion of edible oil processing plants are driving the oilseed market in the region. Thus, the oilseed market is estimated to grow in the forecast period.

Oilseed (seed For Sowing) Industry Segmentation

Hybrids, Open Pollinated Varieties & Hybrid Derivatives are covered as segments by Breeding Technology. Canola, Rapeseed & Mustard, Soybean, Sunflower are covered as segments by Crop. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.

  • Globally, hybrids accounted for a higher share than open-pollinated varieties because hybrid seeds are high-yielding, adaptable to different regions and weather conditions, pest resistant, and high-quality oil crops are produced by using hybrid seeds.
  • Among the hybrids, transgenic hybrid seeds dominated the global oilseed market, with a share of 56.2% in 2022, which increased by 72.5% during 2017- 2022. This is due to the growing acceptance of transgenic seeds worldwide as well as the increase in areas under cultivation as farmers are increasingly using them to meet the required production.
  • Globally, in 2022, the non-transgenic share was 43.8% of the hybrid oilseed market because of the transgenic crops banned in Europe and growing awareness among the people about the benefits of consuming non-GMO food.
  • In 2022, the herbicide-tolerant hybrid seed market accounted for 76.5% of the global transgenic oilseed market, with soybean being the largest market, valued at USD 4.75 billion, followed by canola with USD 810.8 million in 2022. Among the transgenic crop traits for oilseeds, the herbicide-tolerant trait is the most adopted by farmers, as weeds are the major problem in crop production and cause a reduction of 20%-25% in crop yield.
  • Open-pollinated seed varieties are used less compared to hybrid seed varieties because open-pollinated seed varieties are not resistant to diseases and can be attacked easily by weeds. Thus, to minimize crop loss due to weeds and insects, growers use hybrid seed traits that have characteristics such as disease tolerance and insect resistance. Thus, benefits such as higher yield and resistance to pets drive the hybrid seed segment during the forecast period.
Breeding Technology
Hybrids
Non-Transgenic Hybrids
Transgenic Hybrids
Herbicide Tolerant Hybrids
Insect Resistant Hybrids
Other Traits
Open Pollinated Varieties & Hybrid Derivatives
Crop
Canola, Rapeseed & Mustard
Soybean
Sunflower
Other Oilseeds
Region
Africa
By Breeding Technology
By Crop
By Country
Egypt
Ethiopia
Ghana
Kenya
Nigeria
South Africa
Tanzania
Rest of Africa
Asia-Pacific
By Breeding Technology
By Crop
By Country
Australia
Bangladesh
China
India
Indonesia
Japan
Myanmar
Pakistan
Philippines
Thailand
Vietnam
Rest of Asia-Pacific
Europe
By Breeding Technology
By Crop
By Country
France
Germany
Italy
Netherlands
Poland
Romania
Russia
Spain
Turkey
Ukraine
United Kingdom
Rest of Europe
Middle East
By Breeding Technology
By Crop
By Country
Iran
Saudi Arabia
Rest of Middle East
North America
By Breeding Technology
By Crop
By Country
Canada
Mexico
United States
Rest of North America
South America
By Breeding Technology
By Crop
By Country
Argentina
Brazil
Rest of South America
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Oilseed Market (seed For Sowing) Size Summary

The oilseed market, encompassing seeds for sowing, is poised for significant growth, driven by the increasing demand for high-yield and resilient crop varieties. Hybrid seeds, particularly transgenic ones, dominate the market due to their adaptability, pest resistance, and ability to produce high-quality oil crops. The herbicide-tolerant trait in transgenic seeds is especially popular among farmers, addressing major challenges like weed competition that can significantly reduce crop yields. The market's expansion is further supported by the growing acceptance of these advanced seed varieties, despite some regional restrictions on transgenic crops, such as in Europe. The oilseed sector's contribution to the global seed market is notable, with substantial production occurring in regions like North America, China, and South America, where countries like the United States, Brazil, and Argentina lead in cultivation.

The market landscape is moderately consolidated, with major players like BASF SE, Bayer AG, Corteva Agriscience, KWS SAAT SE & Co. KGaA, and Syngenta Group holding significant shares. These companies are actively enhancing their seed portfolios with new hybrid varieties that offer improved traits such as disease resistance and higher oil content, catering to the rising demand from processing industries. The cultivation area for oilseeds has been expanding, driven by factors such as increased global demand for protein-rich feeds and the attractiveness of oilseed prices. This trend is expected to continue, supported by the introduction of advanced seed technologies and the growing need for sustainable agricultural practices. The market's growth trajectory is further bolstered by the strategic initiatives of key industry players, who are continuously innovating to meet the evolving demands of the global agricultural landscape.

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Oilseed Market (seed For Sowing) Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 Breeding Technology

      1. 1.1.1 Hybrids

        1. 1.1.1.1 Non-Transgenic Hybrids

        2. 1.1.1.2 Transgenic Hybrids

          1. 1.1.1.2.1 Herbicide Tolerant Hybrids

          2. 1.1.1.2.2 Insect Resistant Hybrids

          3. 1.1.1.2.3 Other Traits

      2. 1.1.2 Open Pollinated Varieties & Hybrid Derivatives

    2. 1.2 Crop

      1. 1.2.1 Canola, Rapeseed & Mustard

      2. 1.2.2 Soybean

      3. 1.2.3 Sunflower

      4. 1.2.4 Other Oilseeds

    3. 1.3 Region

      1. 1.3.1 Africa

        1. 1.3.1.1 By Breeding Technology

        2. 1.3.1.2 By Crop

        3. 1.3.1.3 By Country

          1. 1.3.1.3.1 Egypt

          2. 1.3.1.3.2 Ethiopia

          3. 1.3.1.3.3 Ghana

          4. 1.3.1.3.4 Kenya

          5. 1.3.1.3.5 Nigeria

          6. 1.3.1.3.6 South Africa

          7. 1.3.1.3.7 Tanzania

          8. 1.3.1.3.8 Rest of Africa

      2. 1.3.2 Asia-Pacific

        1. 1.3.2.1 By Breeding Technology

        2. 1.3.2.2 By Crop

        3. 1.3.2.3 By Country

          1. 1.3.2.3.1 Australia

          2. 1.3.2.3.2 Bangladesh

          3. 1.3.2.3.3 China

          4. 1.3.2.3.4 India

          5. 1.3.2.3.5 Indonesia

          6. 1.3.2.3.6 Japan

          7. 1.3.2.3.7 Myanmar

          8. 1.3.2.3.8 Pakistan

          9. 1.3.2.3.9 Philippines

          10. 1.3.2.3.10 Thailand

          11. 1.3.2.3.11 Vietnam

          12. 1.3.2.3.12 Rest of Asia-Pacific

      3. 1.3.3 Europe

        1. 1.3.3.1 By Breeding Technology

        2. 1.3.3.2 By Crop

        3. 1.3.3.3 By Country

          1. 1.3.3.3.1 France

          2. 1.3.3.3.2 Germany

          3. 1.3.3.3.3 Italy

          4. 1.3.3.3.4 Netherlands

          5. 1.3.3.3.5 Poland

          6. 1.3.3.3.6 Romania

          7. 1.3.3.3.7 Russia

          8. 1.3.3.3.8 Spain

          9. 1.3.3.3.9 Turkey

          10. 1.3.3.3.10 Ukraine

          11. 1.3.3.3.11 United Kingdom

          12. 1.3.3.3.12 Rest of Europe

      4. 1.3.4 Middle East

        1. 1.3.4.1 By Breeding Technology

        2. 1.3.4.2 By Crop

        3. 1.3.4.3 By Country

          1. 1.3.4.3.1 Iran

          2. 1.3.4.3.2 Saudi Arabia

          3. 1.3.4.3.3 Rest of Middle East

      5. 1.3.5 North America

        1. 1.3.5.1 By Breeding Technology

        2. 1.3.5.2 By Crop

        3. 1.3.5.3 By Country

          1. 1.3.5.3.1 Canada

          2. 1.3.5.3.2 Mexico

          3. 1.3.5.3.3 United States

          4. 1.3.5.3.4 Rest of North America

      6. 1.3.6 South America

        1. 1.3.6.1 By Breeding Technology

        2. 1.3.6.2 By Crop

        3. 1.3.6.3 By Country

          1. 1.3.6.3.1 Argentina

          2. 1.3.6.3.2 Brazil

          3. 1.3.6.3.3 Rest of South America

Oilseed Market (seed For Sowing) Market Size FAQs

The Global Oilseed Market (seed For Sowing) size is expected to reach USD 14.46 billion in 2024 and grow at a CAGR of 6.01% to reach USD 20.51 billion by 2030.

In 2024, the Global Oilseed Market (seed For Sowing) size is expected to reach USD 14.46 billion.

Oilseed Market Report Snapshots

Oilseed Market (seed For Sowing) SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030