Asia Pacific Oilseed Market

Asia Pacific Oilseed Market Size (2024 to 2029):

The Asia Pacific oilseed market size is expected to reach USD was worth USD 72.59 billion in 2024 and reach USD 101.36 billion by 2029, growing at a CAGR of 6.90% from 2024 to 2029.

The seeds of a plant when used as a source of vegetable oil are called oilseeds. Though oil can be extracted from many parts of the plant, seeds are primarily used for commercial purposes. Oil is extracted from seeds by a machine known as oilseed press. Over the course of time, several oilseed presses are designed to improve the efficiency and making the process cost effective.

Vegetable oils are generally used as ingredients in food to improve the texture and to impart certain flavors. Some of the oils with high flash point such as sunflower oil and soybean oil are used as cooking oils. Apart from its applications in cooking, vegetable oils are used in making soaps, perfumes and cosmetic products. They are also used as bio fuels and in the manufacture of some pet foods.

The increase in the consumption of vegetable oils for cooking purposes and the growing food industry are the major factors driving the oilseed market. Reduction in prices due to the new processing equipment and development of effective extraction process, as well as the high penetration of retail and wholesale distribution channels in rural and urban areas, are propelling the oilseed market. Stringent government regulations on manufacturing and exports and loopholes in distribution channels are restraining the growth of the market.

This research report on the Asia Pacific oilseed market is segmented and sub-segmented into the following categories:

Asia Pacific Oilseed Market - By Type:

• Rapeseed
• Cottonseed
• Soybeans
• Groundnuts
• Canola
• Palm Kernels
• Sunflower seed
• Safflower seed
• others

Soybean leads the oilseed market, and it is also expected to be the fastest-growing market segment. This is due to its higher production and increased demand for household consumption.

Asia Pacific Oilseed Market - By Application:

• Household Consumption
• Bio-fuels
• Foodservice
• others

Household consumption is the largest application of oilseeds and due to the rapidly growing food service industry. The food service application is the fastest-growing market segment. Also, due to the increasing focus on alternate fuel sources, the use of vegetable oils as biofuels is rising significantly. Based on biotech traits, the market is categorized into insecticide-resistant, herbicide-tolerant, and other Traits.

Asia Pacific Oilseed Market - By Country:

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of APAC

Asia Pacific is the fastest growing market for oilseeds due to the large production of oil seeds by India and China and the large consumption of vegetable oils as well.

KEY MARKET PLAYERS:

Dow AgroSciences, Gansu Dunhuang Seed Co Ltd, Syngenta, Burrus Seed farm, ADM Ölmühle Hamburg, Hefei Fengle Seed Co Ltd, Diester Industrie, Land O’Lakes Inc, Green BioFuels Corporation, President Rice Products and Acecook Vietnam. These are some of the market players that dominate the Asia Pacific oilseed market.