Australia Oilseed Market Report and Forecast 2024-2032

Australia Oilseed Market Outlook

The Australia oilseed market size is estimated to grow at a CAGR of 5.5% during 2024-2032. The market is being aided by the rising usage of oilseeds in food applications and the growing export of canola seeds in countries like the United States and Japan.

Key Trends in the Market

Oilseed crops are mainly grown for edible oil and are the pillar of several agricultural economies. They play a pivotal role in the agricultural sector and trade across the globe. Canola and cottonseed are Australia’s major oilseed crops, which account for over 90% of local production.

• Australian oilseeds enjoy high demand in both domestic and international markets due to efficient supply, production, processing, and marketing chains. The country exports over one million tonnes of canola seed (15-20% of the world’s canola trade) to Japan, Europe, China, Pakistan and other nations annually. It also is a well-known supplier of high-quality edible oilseeds, including soybeans and confectionary sunflowers.

The Australia oilseed market growth is being supported by the increasing usage of oils and oilseeds such as canola, mono sun, cottonseeds, and mid/high oleic canola in the food and beverage sector owing to their excellent nutritional values.

• Oilseeds have an excellent nutritional profile and contain nutrients like protein, magnesium, iron, zinc, and fibre, among others, hence they are used to produce vegetable oils. Moreover, oilseed proteins are associated with major health benefits, including weight loss and reduced risks of diabetes, hypertension, and cardiovascular events.

Oilseeds are also excellent natural sources of plant proteins and act as a substitute for animal proteins, making them popular among vegans and vegetarians.

• The Australia oilseed market expansion is being fuelled by the rising use of oilseeds and their by-products in livestock feeds, pharmaceuticals, and biofuels, among others. Commonly used oilseeds to produce biofuels include soybean seeds, rapeseed, and canola seeds. The introduction of favourable government policies aimed at promoting the use of biodiesel is anticipated to positively influence the market in the coming years.

Australia Oilseed Market Segmentation

On the basis of type, the market is divided into soybean, sunflower, cottonseed, rapeseed, and safflower, among others. Based on category, the market is bifurcated into conventional and genetically modified. On the basis of application, the market is bifurcated into oilseed meals and vegetable oils.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter’s five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Australia oilseed market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• GrainCorp Limited 

• Cootamundra Oilseed Pty Ltd. 

• KWS SAAT SE & Co KgaA 

• Midlands Holdings 

• Cargill, Incorporated 

• Oilseed Australia 

• Others

Market Share by Type

Soybean represents a significant portion of the Australia oilseed market share. Oils extracted from soybean seeds have multiple uses, and they contains phosphorus, iron, calcium, vitamin B, and complete amino acid composition, which is essential for the growth of the human body. Soybean oil is also an excellent source of alpha tocopherol (vitamin E), which helps fight free radicals that can damage cells and cause premature ageing.

Additionally, soybean oil is often used in commercial and natural mosquito repellents that are safe to use on children and infants. It is also used in pharmaceuticals as a filler in capsules, as an emulsifier in the production of paints, and in cosmetics products due to its massaging and moisturising properties.

Market Share by Application

As per Australia oilseeds market analysis, the use of oilseeds in the production of vegetable oils is significantly rising. Vegetable oils are widely used in cooking applications, as salad dressings, in preparing margarines and spreads, and to add flavour and texture in bakery products.

The growing health consciousness in the country is boosting the demand for edible oils and fats such as high oleic and canola oils that boast excellent nutrition profiles, versatility, and taste. The high content of monosaturated fats and omega-3 fatty acids in canola oils are also surging their usage in food applications to reduce LDL blood cholesterol levels.

Competitive Landscape

GrainCorp Limited, established in 1916, is an Australian agribusiness and processing company. It produces crude degummed oils and refined and bleached oils, including canola oil, monola, safflower and sunflower oils. Outside of Australia, it also sources from local producers of the UK and Ukraine as well as through its joint venture in Canada and has marketers in China, India, and Singapore.

Cootamundra Oilseed Pty Ltd. was established in 1991 and commissioned its first oilseed processing plant in the year 1992. It deals in GMO free conventional and organic oilseeds. It produces several distinct cold pressed vegetable oils, including unrefined canola oil, premium canola oil, extra filtered canola oil, RBD canola oil, safflower, sunflower, RBD sunflower, soyabean and linseed oil.

KWS SAAT SE & Co KgaA was founded in 1856 and is headquartered in Einbeck, Lower Saxony, Germany. It deals in three product segments, including maize, sugarbeet and cereals. It emphasises on yield stability, product quality, and the preservation of genetic resources. It is actively conducting research to develop next-generation herbicide-tolerant sugarbeets and hybrid potato seeds.

Other Australia oilseed market players include Midlands Holdings, Cargill, Incorporated, and Oilseed Australia, among others.

Key Highlights of the Report