Press Release
Press Release
According to a new report by EMR titled, ‘The Australia Oilseed Market Report and Forecast 2024-2032’, the market is estimated to grow at a CAGR of 5.5% between 2024 and 2032. The market benefits from increased applications of oilseed, including edible oil production, and expanding canola seed exports to countries like the US and Japan.
The growth of Australia oilseed market is supported by the increasing applications of oilseed, such as vegetable oil production, along with the rising demand for canola seeds globally. Oilseed crops are fundamental to many agricultural economies, primarily cultivated for edible oil production. They serve as a cornerstone in global agriculture and trade. In Australia, canola and cottonseed dominate oilseed production, representing over 90% of local output. Growing consumer health awareness has fueled demand for canola oil, driving increased demand for rapeseed in oil processing sectors worldwide.
Fig: Oilseed Exports (000’ tonnes), 2000-2021
Optimal weather conditions in key rapeseed-growing areas of western and southern Australia, following years of severe drought, coupled with improved domestic and international canola prices, are boosting rapeseed production. This increase aims to meet the rising demand from importing countries.
Government initiatives aimed at fostering trade relations with Asia have highlighted the importance of premium genetically modified (GM) and non-GM oilseeds from the country. Initiatives like the Australian Export Grains Innovation Center (AEGIC) and Grain Trade Australia focus on developing Australian canola exports for Chinese processing industries. Additionally, the expansion of the livestock and poultry sectors in the Philippines and Malaysia presents opportunities for Australian oilseeds in feed industries.
Australia is poised to satisfy rising global demand for canola oil with increased exports of canola and rapeseed. Growing consumer health awareness in developing nations, driven by perceived health benefits and improved functionality of canola oil, is boosting rapeseed production in the country.
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The major players in the Australia oilseed market are GrainCorp Limited, Cootamundra Oilseed Pty Ltd., KWS SAAT SE & Co KgaA, Midlands Holdings, Cargill, Incorporated, and Oilseed Australia, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Category |
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Breakup by Application |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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