Market Size of oilseed Industry (seed for sowing)
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 14.46 Billion |
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Market Size (2030) | USD 20.51 Billion |
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Largest Share by Breeding Technology | Hybrids |
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CAGR (2024 - 2030) | 6.01 % |
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Largest Share by Region | North America |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
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
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
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
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
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
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.
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.
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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.
Oilseed Market (seed For Sowing) Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)
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1.1 Breeding Technology
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1.1.1 Hybrids
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1.1.1.1 Non-Transgenic Hybrids
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1.1.1.2 Transgenic Hybrids
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1.1.1.2.1 Herbicide Tolerant Hybrids
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1.1.1.2.2 Insect Resistant Hybrids
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1.1.1.2.3 Other Traits
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1.1.2 Open Pollinated Varieties & Hybrid Derivatives
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1.2 Crop
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1.2.1 Canola, Rapeseed & Mustard
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1.2.2 Soybean
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1.2.3 Sunflower
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1.2.4 Other Oilseeds
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1.3 Region
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1.3.1 Africa
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1.3.1.1 By Breeding Technology
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1.3.1.2 By Crop
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1.3.1.3 By Country
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1.3.1.3.1 Egypt
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1.3.1.3.2 Ethiopia
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1.3.1.3.3 Ghana
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1.3.1.3.4 Kenya
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1.3.1.3.5 Nigeria
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1.3.1.3.6 South Africa
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1.3.1.3.7 Tanzania
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1.3.1.3.8 Rest of Africa
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1.3.2 Asia-Pacific
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1.3.2.1 By Breeding Technology
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1.3.2.2 By Crop
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1.3.2.3 By Country
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1.3.2.3.1 Australia
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1.3.2.3.2 Bangladesh
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1.3.2.3.3 China
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1.3.2.3.4 India
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1.3.2.3.5 Indonesia
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1.3.2.3.6 Japan
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1.3.2.3.7 Myanmar
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1.3.2.3.8 Pakistan
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1.3.2.3.9 Philippines
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1.3.2.3.10 Thailand
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1.3.2.3.11 Vietnam
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1.3.2.3.12 Rest of Asia-Pacific
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1.3.3 Europe
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1.3.3.1 By Breeding Technology
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1.3.3.2 By Crop
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1.3.3.3 By Country
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1.3.3.3.1 France
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1.3.3.3.2 Germany
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1.3.3.3.3 Italy
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1.3.3.3.4 Netherlands
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1.3.3.3.5 Poland
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1.3.3.3.6 Romania
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1.3.3.3.7 Russia
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1.3.3.3.8 Spain
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1.3.3.3.9 Turkey
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1.3.3.3.10 Ukraine
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1.3.3.3.11 United Kingdom
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1.3.3.3.12 Rest of Europe
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1.3.4 Middle East
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1.3.4.1 By Breeding Technology
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1.3.4.2 By Crop
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1.3.4.3 By Country
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1.3.4.3.1 Iran
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1.3.4.3.2 Saudi Arabia
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1.3.4.3.3 Rest of Middle East
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1.3.5 North America
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1.3.5.1 By Breeding Technology
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1.3.5.2 By Crop
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1.3.5.3 By Country
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1.3.5.3.1 Canada
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1.3.5.3.2 Mexico
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1.3.5.3.3 United States
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1.3.5.3.4 Rest of North America
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1.3.6 South America
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1.3.6.1 By Breeding Technology
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1.3.6.2 By Crop
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1.3.6.3 By Country
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1.3.6.3.1 Argentina
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1.3.6.3.2 Brazil
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1.3.6.3.3 Rest of South America
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Oilseed Market (seed For Sowing) Market Size FAQs
How big is the Global Oilseed Market (seed For Sowing)?
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.
What is the current Global Oilseed Market (seed For Sowing) size?
In 2024, the Global Oilseed Market (seed For Sowing) size is expected to reach USD 14.46 billion.
