The oilseed processing market is projected to grow at a CAGR of 7.37% from 2016 to 2022, to reach a projected value of USD 344.37 Billion by 2022. The market has become more diversified in recent years due to the increase in number of health conscious consumers that prefer to consume food products with less trans-fat content and is also expected to fuel the market growth of the market.
Soybean is projected to be the fastest-growing segment due to the increase in production of soybean in the Asian countries, owing to the strong demand for meal with high protein content from the feed industry. Moreover, the increase in demand for biodiesel derived from soybean feedstock is expected to fuel the growth of this market segment across the globe.
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On the basis of oilseed type, the global market was led by soybean and was followed by rapeseed and sunflower in 2015. Soybean is the leading segment owing to the high demand for animal feed, especially from Asia-Pacific countries, such as India and China, where the livestock population is increasing steadily. The soybean type segment is expected to register the highest growth rate due to the growth in demand for biodiesel derived from soybean feedstock, which in turn results in high growth of the market for processed oilseed products.
The chemical process segment is projected to be the fastest-growing due to the increase in use of the chemical process to ensure maximum extraction of oil content from oilseeds. Additionally, the high usage of the chemical process of extraction for soybean drives the market growth of this segment of the oilseed processing market.
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The Asia-Pacific region was the largest market for oilseed processing in 2015. This can be attributed to the increase in demand for various oilseed processed products such as soybean meal in countries such as India and China. Rapidly growing economies in various Asian countries, such as India and China and growth in demand for biodiesel across the Asia-Pacific region are the major factors that are expected to drive the oilseed processing market during the forecast period.
This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes profiles of leading companies such as Archer Daniels Midland Company (U.S.), Bunge Limited (U.S.), Cargill (U.S.), Wilmar International Ltd. (Singapore), Richardson International Limited (Canada), Louis Dreyfus Company B.V. (Netherlands), CHS Inc. (U.S.), Ag Processing Inc. (U.S.), ITOCHU Corporation (Japan), and EFKO GROUP (Austria).
