High Growth in the Livestock and Dairy Sectors Drives the Oilseed Processing Market Growth

The oilseed processing 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.

(EMAILWIRE.COM, January 29, 2020 ) The oilseed processing market is segmented on the basis of oilseed type, process, application, and region. The types of oilseeds include soybean, rapeseed, sunflower, cottonseed, and others. In terms of the type of process involved, the oilseed processing market is segmented into mechanical and chemical. This market has also been segmented on the basis of application into food, feed, and industrial. On the basis of key regions, the oilseed processing market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Rest of the World (RoW).

Key Players are:
• 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.)
• ITOCHU Corporation (Japan)

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The oilseed processing market is driven by factors such as growth in demand for oilseed processed products such as edible oils, coupled with the increase in usage of these products in industrial applications. Feed is a major application segment of the oilseed processing market; therefore, increase in demand for protein meal is expected to drive the growth of this particular market. Various key players operating in the oilseed processing market are primarily focused on expanding their processing facilities in order to expand their presence across various regions, which in turn drives the global oilseed processing market.

On the basis of oilseed type, the soybean oilseed segment is projected to grow at the highest CAGR from 2016 to 2022, due the increase in production of soybean owing to the growth in demand for animal feed, especially from Asia-Pacific countries such as India and China. Moreover, the demand for soybean processed products is fueled by the increase in usage of soybean food ingredients as alternatives to various dairy products.

On the basis of the type of process used, the chemical segment is projected to grow at the highest CAGR from 2016 to 2022, as this process ensures maximum extraction of oil content from the oilseed with minimal residue in meals. Moreover, the chemical process is commonly used for soybean as the oil content is relatively lower in this oilseed than canola or sunflower.

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Based on application, the industrial segment is expected to be the fastest-growing during the forecast period. This growth is attributed to the increase in adoption of biodiesel as a fuel in emerging economies. This application segment is driven by the rise in production of lubricants and other industrial oils from oilseeds.

The Latin American region is expected to be the fastest-growing market for oilseed processing between 2016 and 2022. The driving factors for the market in this region are increase in production of soybean in countries such as Brazil and Argentina for the manufacturing of edible oil and biodiesel. Companies operating in this region have adopted new seed technologies, in order to cater to the growing demand for processed oilseed products.

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