Market Size of north america oilseed Industry (seed for sowing)
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 5.84 Billion |
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Market Size (2030) | USD 8.38 Billion |
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Largest Share by Breeding Technology | Hybrids |
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CAGR (2024 - 2030) | 6.19 % |
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Largest Share by Country | United States |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
North America Oilseed Market (seed For Sowing) Analysis
The North America Oilseed Market (seed For Sowing) size is estimated at 5.84 billion USD in 2024, and is expected to reach 8.38 billion USD by 2030, growing at a CAGR of 6.19% during the forecast period (2024-2030).
5.84 Billion
Market Size in 2024 (USD)
8.38 Billion
Market Size in 2030 (USD)
9.76 %
CAGR (2017-2023)
6.19 %
CAGR (2024-2030)
Largest Market by Crop
77.60 %
value share, Soybean, 2023
It has high demand due to increased oil prices and crop exports by the US to other countries due to low production in drought-affected South America.
Largest Market by Country
74.70 %
value share, United States, 2023
It is the leading producer of soybeans globally, and the high Return on Investment due to the availability of hybrid seeds encouraged growers to cultivate more oilseeds.
Fastest-growing Market by Crop
6.69 %
Projected CAGR, Soybean, 2024-2030
The demand for soybean seeds increased due to an increase in the cultivation area with GMO seeds and a high demand for soybean products for the processing and feed industry.
Fastest-growing Market by Country
6.64 %
Projected CAGR, United States, 2024-2030
It is expected to grow fastest in the region as the demand for a meat alternative increases, oil prices are high, and soybean oil imports are reduced.
Leading Market Player
31.68 %
market share, Corteva Agriscience, 2022
The company has made extensive product innovations and effective partnerships. It has recently introduced its new transgenic enlist E3 technology in soybeans and other oilseeds.
Increased innovation of seeds and increased area under cultivation are driving the market growth
- Oilseeds accounted for 22.9% of the North American seed market in 2022, which is projected to grow during the forecast period. The acreage under cultivation of oilseeds was 49.8 million ha in 2022, which increased by 5.6% from 2020 due to the increased availability of high-yielding hybrids and the adoption of GM hybrids.
- In 2022, hybrids dominated the oilseeds market with a market value of USD 4.84 billion in the region. Major companies in the market are introducing hybrid varieties. For instance, in 2022, Syngenta Seeds launched a new conventional soybean brand, "Silverline," in the Canadian market. This brand offers high-protein soybeans and NK-treated soybean varieties.
- The United States and Canada are the major countries in the world that have approved and commercialized genetically modified oilseeds such as canola and soybean. The major traits are herbicide tolerance and insect resistance, and other traits, such as high oil content, high oleic acid, and lauric acid content, fetch high prices in the processing industry. The total acreage under hybrid oilseed cultivation in 2022 was 29.7 million hectares, which increased by 20.3% compared to 2017.
- The United States is the largest country in terms of area under open-pollinated varieties and hybrid derivatives in North America. This is because the total acreage of oilseeds is higher in the United States.
- OPVs are expected to increase in the United States and Mexico due to organic farming and the prohibition of GMOs during the forecast period. In Canada, transgenic hybrids are most adopted by growers due to their high oil content and market prices. Therefore, the oilseed market is estimated to grow in the region in both hybrids and OPVs during the forecast period.
The United States is the largest oilseed market in North America
- In 2022, North America accounted for 40.3% of the global oilseeds market. The market grew by 65% in 2022, compared to 2017, mainly due to the increased cultivation area of oilseed crops. North America is the major exporter of oilseeds, and there is a high demand for consumption in different forms. Moreover, the area under oilseeds accounted for 49.8 million hectares, which has increased by 12.8% compared to 2019.
- In 2022, the United States accounted for 74.4% of the North American oilseed seed demand due to the high demand for consumption, being a leading exporter, and high-profit margins. Soybean and canola are the major oilseeds grown in the country, together contributing 95.3% of the country's oilseed market.
- Canada accounted for 24.7% of the North American oilseed market in 2022, with canola being a major oilseed market, accounting for USD 784.2 million. Canada is the world's largest producer of canola oilseeds, as it has high demand from the biofuel industry. In addition, the country has adopted transgenic canola seeds, which has contributed to major growth in the country's oilseed market.
- Mexico and other major North American countries, such as Cuba, Dominican Republic, Costa Rica, Jamaica, Panama, and Haiti, held a 0.8% market share of the region's oilseed market. Oilseeds are mainly used for domestic consumption in these countries.
- The trade agreement between the United States, Canada, and Mexico is helping these countries have free trade and limited approvals required for exporting seeds from one to another between the three countries.
- Therefore, the high demand for oil crops, trade agreements, and adoption of transgenic oilseed cultivars are the major factors anticipated to drive the growth of the market during the forecast period with a CAGR of 6.1%.
North America 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. Canada, Mexico, United States are covered as segments by Country.
- Oilseeds accounted for 22.9% of the North American seed market in 2022, which is projected to grow during the forecast period. The acreage under cultivation of oilseeds was 49.8 million ha in 2022, which increased by 5.6% from 2020 due to the increased availability of high-yielding hybrids and the adoption of GM hybrids.
- In 2022, hybrids dominated the oilseeds market with a market value of USD 4.84 billion in the region. Major companies in the market are introducing hybrid varieties. For instance, in 2022, Syngenta Seeds launched a new conventional soybean brand, "Silverline," in the Canadian market. This brand offers high-protein soybeans and NK-treated soybean varieties.
- The United States and Canada are the major countries in the world that have approved and commercialized genetically modified oilseeds such as canola and soybean. The major traits are herbicide tolerance and insect resistance, and other traits, such as high oil content, high oleic acid, and lauric acid content, fetch high prices in the processing industry. The total acreage under hybrid oilseed cultivation in 2022 was 29.7 million hectares, which increased by 20.3% compared to 2017.
- The United States is the largest country in terms of area under open-pollinated varieties and hybrid derivatives in North America. This is because the total acreage of oilseeds is higher in the United States.
- OPVs are expected to increase in the United States and Mexico due to organic farming and the prohibition of GMOs during the forecast period. In Canada, transgenic hybrids are most adopted by growers due to their high oil content and market prices. Therefore, the oilseed market is estimated to grow in the region in both hybrids and OPVs during the forecast period.
| Breeding Technology | ||||||||
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| Open Pollinated Varieties & Hybrid Derivatives |
| Crop | |
| Canola, Rapeseed & Mustard | |
| Soybean | |
| Sunflower | |
| Other Oilseeds |
| Country | |
| Canada | |
| Mexico | |
| United States | |
| Rest of North America |
North America Oilseed Market (seed For Sowing) Size Summary
The North America oilseed market, encompassing seeds for sowing, is poised for significant growth, driven by the increasing adoption of high-yielding and genetically modified hybrids. Oilseeds represent a substantial portion of the North American seed market, with a notable expansion in cultivation area due to favorable climate conditions and technological advancements. The United States and Canada lead in the commercialization of genetically modified oilseeds, such as canola and soybean, which are favored for their high oil content and resistance traits. The market is characterized by a strong presence of hybrid varieties, with major companies like Syngenta Seeds introducing new products to meet the growing demand. The trade agreements between the United States, Canada, and Mexico further bolster the market by facilitating free trade and streamlined export processes among these countries.
The market landscape is fairly consolidated, with a few key players dominating the scene, including BASF SE, Bayer AG, Corteva Agriscience, Land O’Lakes Inc., and Syngenta Group. The United States holds a significant share of the market, driven by its extensive acreage under oilseed cultivation, primarily soybeans and canola. Canada, renowned for its canola production, continues to see growth in this segment due to high demand from the biofuel industry. Meanwhile, Mexico and other Central American countries contribute to the market through domestic consumption of various oilseeds. The increasing demand for edible oil and feed applications, coupled with strategic expansions by major companies, is expected to sustain the market's growth trajectory in the coming years.
North America 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 Country
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1.3.1 Canada
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1.3.2 Mexico
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1.3.3 United States
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1.3.4 Rest of North America
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North America Oilseed Market (seed For Sowing) Market Size FAQs
How big is the North America Oilseed Market (seed For Sowing)?
The North America Oilseed Market (seed For Sowing) size is expected to reach USD 5.84 billion in 2024 and grow at a CAGR of 6.19% to reach USD 8.38 billion by 2030.
What is the current North America Oilseed Market (seed For Sowing) size?
In 2024, the North America Oilseed Market (seed For Sowing) size is expected to reach USD 5.84 billion.
