Global Oilseed Farming Market Thrives, Poised to Reach $851.6 Billion by 2027

LONDON, GREATER LONDON, UK, November 28, 2023 /EINPresswire.com/ -- The global oilseed farming market has experienced substantial growth, with the market size increasing from $494.54 billion in 2022 to $551.59 billion in 2023, marking a Compound Annual Growth Rate (CAGR) of 11.5%. Projections indicate sustained growth, with the market size expected to reach $851.6 billion by 2027, maintaining a CAGR of 11.5%.

Precision Agriculture Drives Efficiency in Oilseed Production
The adoption of big data farming, also known as precision farming, has become widespread in developed countries, enhancing the efficiency of oilseed production. Precision agriculture leverages real-time data on weather conditions, soil and air quality, crop maturity, equipment, labor costs, and availability to optimize agricultural activities. Farmers utilize these techniques to precisely determine the required amount of nutrients, water, seeds, and other inputs for diverse oilseed crops in varying soil environments, thereby increasing overall farm and crop yields.

Major Industry Players
Key players shaping the oilseed farming market include Bunge Limited, Bayer AG, Corteva Inc., UPL Limited, Grupo Amaggi, Seaboard Corporation, Batu Kawan Berhad, Nutrien Ltd., Jardine Matheson, and KWS Saat SE.

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Market Segmentation and Applications
The global oilseed farming market is segmented into three key categories:
1.By Type: Soybean Farming, Other Oilseed Farming
2.By Application: Food Products, Feed, Industrial Products
3.By Farming Process: Organic Oilseed Farming, Traditional Farming

Regional Insights and Market Leadership
In 2022, the Asia-Pacific region claimed the largest share in the oilseed farming market, establishing itself as a dominant player. Western Europe followed as the second-largest region in the oilseed farming market. The regions covered in the global oilseed farming market analysis report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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Oilseed Farming Global Market Report 2023 from TBRC covers the following information:
•Market size date for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries:Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
TheOilseed Farming Global Market Report 2023byThe Business Research Company is the most comprehensive report that provides insights on oilseed farming market size, oilseed farming market drivers and trends, oilseed farming market major players, competitors' revenues, market positioning, and market growth across geographies.The oilseed farming market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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