Oilseed Segmentation
Type (Sunflower, Soybean, Peanut, Cottonseed, Rapeseed)
Soybean segment in the oilseed market is expected to exceed USD 198.6 billion by 2037. The segment's tremendous growth rate can be augmented by their fueled demand for animal feed, particularly in developing nations including China, Brazil, India, Korea, and others where the average consumer's ability to eat more meat is being rapidly increased due to rising living standards. In addition, a report by the International Institute for Sustainable Development in 2024 estimated that for dairy production and animal feed for meat, about 76% of the soybean production is used which acts as a quality protein at a low cost.
Breeding Type (Genetically Modified, Conventional)
Genetically modified segment is projected to dominate around 61% oilseed market share by the end of 2037. Genetically modified (GM) oilseeds are developed through biotechnological methods to introduce specific genes that confer traits such as herbicide resistance, pest resistance, improved oil composition, or enhanced yield potential. GM oilseed crops undergo genetic modification to achieve desired characteristics not naturally present. According to a 2019 report published by the International Service for the Acquisition of Agri-biotech Applications stated that 190.4 million hectares of genetically modified crops were grown in 29 countries in 2019.
Additionally, after genetically modifying and using biotechnology in agriculture, the tolerance to environmental conditions increases, that makes the plant able to grow in conditions such as drought while making them resistant to diseases and pests. This could help in the growth of the agriculture biologicals value during the forecasted period.
Biotech Trait (Herbicide Tolerant, Insecticide Resistant)
Herbicide tolerant segment in the oilseed market is projected to showcase growth rate of around 4% between 2024-2037 and is likely to remain the largest segment in the biotech trait of the oilseed sector propelled by the herbicide-tolerant oilseeds and crops that are genetically modified are able to withstand several herbicides, while removing the undesirable weeds that surround them.
According to a report by MDPI in 2023, about 96 types of crops were reported to be herbicide-resistant in about 72 countries. Herbicide-tolerant crop cultivation gives farmers the freedom to apply herbicides to their crops whenever the number of weeds considerably rises, shielding the crops from the herbicide's effects.
Our in-depth analysis of the global oilseed market includes the following segments:
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