The global oilseeds market is estimated to be valued at USD 250.0 billion in 2019 and is projected to reach USD 335.0 billion by 2025, recording a CAGR of 5.0%. Due to the growing health awareness among consumers, the demand for healthy oil in the preparation of foods is increasing. The change in the dietary habits of consumers has also led to an increase in demand for oilseeds.
By category, the oilseeds market is segmented into conventional and genetically modified. The demand for genetically modified or transgenic seeds remains high due to characteristics such as higher levels of disease resistance, high output, and quality. Countries in the South American and Asia Pacific regions witness high demand for oilseeds that are genetically modified, to cater to the domestic market.
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