Global oilseed market: $64.1 billion industry by 2018

Press Release   •   Jul 16, 2013 15:23 BST

The global oilseed market and grain seed market is suggested to have reached a value of around $33.3 billion by the end of 2012, and is forecast to hit a value of $64.1 billion by 2018. This suggests a CAGR growth rate of around 12% between 2013 and 2018.

North America is the largest market. More than 80.0% revenue in North America is generated by U.S.. Latin America is the fastest growing region for oilseed and grain seed market and Brazil holds major market share of Latin America. China is the largest market in Asia-Pacific followed by India.

North America is the largest market for oilseed and grain seed market and followed by Asia-Pacific and Europe. North America market is expected to grow at CAGR of 11.9% from 2013 to 2018. Asia-Pacific is expected to grow at CAGR of 12.2%. Asia-Pacific market is dominated by China. Latin America is the fastest growing market at 13.5% CAGR.

Soybean dominates the global oilseed seed market, while corn dominates in grain seed market. Soybean and corn crops are fastest growing segments in oilseed and grain seed market respectivaly. North America and Europe are major producers of corn, and Latin America is the largest producer of soybean. Asia-Pacific is the leading market for rice and cotton, and ROW for sorghum. The maximum production of wheat, canola, and sunflower is found in Europe.

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