![]() Several reasons, such as the implementation of sophisticated crop planting and processing technologies, increased soybean production, and the growing popularity of oilseed products, are expected to drive the South American oil processing market forward. In the future years, South America is predicted to be the fastest-growing market. Market growth is expected to be aided by regional enterprises’ increasing interest in expanding their businesses in this area. ![]() The regional oilseed processing market is being driven by rising soybean and sunflower output in China and India, as well as rising demand for oilseed products. In the worldwide oilseed processing market, Asia Pacific is expected to hold the greatest share. However, because of the increased desire for organic products in Europe, conventional oilseeds are still in great demand. Oilseed trade in the United States has been boosted by favorable trade and price support policies. The demand for oilseeds in North America and Europe is expanding, mostly for use in the food and feed industries. Sunflower seeds are widely employed in the feed business as sunflower meal, which is rapidly being used as a substitute for soybean meal due to its higher price. Because it is a rich source of oil, protein, calcium, carbohydrate, and ash, the sunflower segment in this market is expected to grow at the quickest rate. Several studies have been conducted on the extraction of oil from oilseeds using various technologies, the development of improved oilseed breeds, and the detoxification of oilseed meals. Oilseed crops are a viable crop with great promise for improving human diets, preventing hunger and food poverty, and generating income in society. Aside from their dietary value, oilseeds have been used to make biodiesel, fertilizers, pharmaceuticals, cosmetics, animal feeds, textiles, paint, buttons, and other industrial items. The majority of the proteins in oilseed meal are necessary amino acids, which are important to human health and well-being. The by-products of oilseeds like meal are used by humans due to their nutritional value. ![]() Oils like soybean and groundnut are used in day to day life for cooking and for various other health benefits. ![]() Oilseed crops include Soybean, Sunflower, Groundnut, Sesame, Linseed, Rapeseed etc. Their importance in human diet cannot be ignored as they are very beneficial. They are regarded as one of the most important crops in the world due to their economic value. Oilseeds are grown for the purpose of extracting oil which is edible. 07, 2022 (GLOBE NEWSWIRE) - Recently Published Report on “ Oilseed Market (By Product, By Type, By Biotech Trait, By End User, By Application - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022 – 2030”. According to Precedence Research, the global oilseed market was estimated at USD 256.36 billion in 2021 and is expected to hit around USD 385.45 billion by 2030 with a registered CAGR of 4.64% from 2022 to 2030. ![]()
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