Europe Oilseed Processing Market

Europe Oilseed Processing market Value and Growth:

The Europe Oilseed Processing market is anticipated to grow at a 7.41% CAGR from 2021 to 2027 and it is estimated that the Europe market was valued at USD 55.65  million in 2021 and is expected to reach USD 79.55 million by 2027

Europe Oilseed Processing market overview:

Edible oil is extracted from oilseeds for use in households and the food industry. However, due to a scarcity of non-renewable resources for diverse reasons, the use of vegetable oil in the field of biofuel has expanded over the previous two decades. To obtain edible oil, oilseeds are manually or mechanically pressed or crushed. Some oilseeds, like soybean and peanuts, are consumed as food in addition to being used to extract oil. Poppyseed and hazelnuts, both high in oils, are also ingested directly. These oilseeds are also utilized as culinary ingredients in everyday cookery.

Europe Oilseed Processing market Drivers and Restraints:

The key drivers of this market are the increased household consumption in emerging countries and the growing foodservice industry. Growth in retail and modern oilseed processing technologies has further triggered the availability of the product in the market. Another major factor that is expected to drive the market is the demand for biofuels in developed and developing countries. Compulsory usage of biofuels in vehicles and other machinery would fuel the demand for oilseeds in the Europe market. Changing lifestyles followed by changing food preferences and experimenting with a number of new food varieties is driving the demand for the oilseed market. However, the gap in demand and supply worldwide is going to hinder the growth of the market. Moreover, increasing government regulations on manufacturing, exporting and marketing of oil could be a potential restraint to this market. Furthermore, fluctuating weather conditions in various regions of the world could destroy the proper product availability in the market. Price fluctuations and loopholes in distribution channels could also act as potential barriers to market growth.

Europe Oilseed Processing market segmentation:

 The Europe Oilseed Processing market is segmented on the basis of

1. Type

2. Process

3. Application.

On the basis of Type, it is segmented into

• Soybean

• Rapeseed

• Sunflower

• Cottonseed.

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 a meal with high protein content from the feed industry. In addition, the increase in demand for biodiesel derived from soybean feedstock is expected to fuel the growth of this market segment across the globe.

On the basis of Process, it is segmented into

• Mechanical

• Chemical

The chemical process segment is projected to witness the highest growth due to the increasing use of chemical processes 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.

On the basis of Application, it is segmented into

• Performance Food

• Feed

• Industrial

The food segment accounted for the largest share in the Oilseed Processing Market. 

Europe Oilseed Processing market Regional Analysis:

Based on geography, the market is analyzed under various regions namely

• Germany

• Italy

• France

• U.K

• Spain.

Growing economies in various European countries and growth in demand for biodiesel across the Europe region are expected to drive the market in the coming years.

Europe Oilseed Processing market key players:

1. Archer Daniels Midland Company,

2. Bunge Limited,

3. Cargill,

4. Wilmar International Ltd.,

5. Richardson International Limited,

6. Louis Dreyfus Company B.V.,

7. CHS Inc.,

8. Ag Processing Inc.,

9. ITOCHU Corporation,

10. EFKO GROUP.