Global Oilseeds and Grain Seeds Market Size By Type (Product Type I, Product Type II), By Application (Application I, Application II), By Region, And Segment Forecasts, 2023 to 2032

The Global Oilseeds and Grain Seeds Market was valued at USD 67.5 billion in 2023 and is anticipated to reach USD 111.8 billion by 2031, registering a CAGR of 6.4% over the forecast period from 2023 to 2031. The market growth is driven by the rising demand for high-quality food and feed products, increasing global population, and the expansion of biofuel production. Oilseeds and grain seeds play a crucial role in meeting global food and feed requirements, and the demand is expected to grow as awareness of sustainable agricultural practices rises.

Drivers:

Growing Demand for Biofuels: With the increasing focus on sustainable energy, demand for biofuel production, particularly biodiesel from oilseeds, is propelling market growth.

Rising Global Population: The need for food security has increased significantly due to population growth, spurring the demand for oilseeds and grain seeds.

Technological Advancements in Seed Production: Advanced biotechnology, including genetically modified seeds for higher yield, pest resistance, and climate adaptability, is boosting market growth.

Restraints:

Environmental and Climatic Challenges: Unpredictable weather patterns and soil degradation in key agricultural regions pose significant challenges to market growth.

High Costs of Genetically Modified Seeds: The cost of GM seeds is prohibitive for many farmers in emerging economies, limiting market expansion in certain regions.

Opportunity:

Expansion into Emerging Markets: With supportive government policies for agriculture in developing countries, emerging markets provide a substantial growth opportunity.

Increasing Focus on Organic and Non-GMO Seeds: The shift towards organic and non-GMO food options offers market players the chance to diversify and capture a new customer base.

Market by Seed Type Insights:

The Oilseeds segment, particularly soybean and sunflower seeds, dominated the market in 2023 due to their applications in both food and industrial sectors. The demand for soybeans in the animal feed industry and biodiesel production supports the growth of this segment. Additionally, the grain seeds segment, led by corn and wheat, is anticipated to witness steady growth, fueled by their extensive use in food, feed, and ethanol production.

Market by End-Use Insights:

The food and feed sector remains the largest end-user segment, accounting for a substantial market share in 2023. Rising health consciousness and dietary changes favoring plant-based foods are driving the demand for oilseeds and grain seeds in this sector. The biofuel industry is projected to grow at a significant rate during the forecast period, supported by policies promoting renewable energy sources.

Market by Regional Insights:

North America led the market in 2023, benefiting from extensive agricultural lands, advanced technology adoption, and high demand for biofuel production. The Asia-Pacific region is expected to witness the fastest growth, driven by population growth, food demand, and government initiatives to boost agricultural productivity in countries like India and China.

Competitive Scenario:

Prominent players in the Global Oilseeds and Grain Seeds Market include Bayer CropScience, Syngenta AG, Corteva Agriscience, BASF SE, KWS SAAT SE, and Limagrain. These companies are focusing on strategic initiatives like partnerships, mergers, and R&D to develop seeds with improved yield, resilience, and nutritional value. Key recent developments include Bayer's launch of climate-adaptive seed variants and Syngenta’s partnership with local producers to improve seed accessibility in emerging markets.

Scope of Work – Global Oilseeds and Grain Seeds Market

Key Market Developments:

2023: Bayer CropScience introduced a new climate-resilient soybean seed variety aimed at high-yield farming in drought-prone areas.

2024: Syngenta announced a collaboration with regional farmers in Africa to provide genetically modified maize seeds designed for higher yield and pest resistance.

2025: BASF SE expanded its operations in Asia-Pacific, focusing on high-yield rice and corn varieties to support growing food demand in the region.

FAQs

What is the current market size of the Global Oilseeds and Grain Seeds Market?

The Global Oilseeds and Grain Seeds Market was valued at USD 67.5 billion in 2023.

What is the major growth driver of the Global Oilseeds and Grain Seeds Market?

The major growth driver is the increasing demand for biofuels, particularly biodiesel derived from oilseeds.

Which is the largest region during the forecast period in the Global Oilseeds and Grain Seeds Market?

North America held the largest market share in 2023, with Asia-Pacific expected to witness the highest growth rate.

Which segment accounted for the largest market share in the Global Oilseeds and Grain Seeds Market?

The Oilseeds segment led by soybean accounted for the largest market share in 2023.

Who are the key market players in the Global Oilseeds and Grain Seeds Market?

Key players include Bayer CropScience, Syngenta AG, Corteva Agriscience, BASF SE, KWS SAAT SE, and Limagrain.