United States Oilseeds Market Report and Forecast 2024-2032

United States Oilseeds Market Size

The United States oilseeds market value reached around USD 5.76 billion in 2023. The market is projected to grow at a CAGR of 6.4% between 2024 and 2032 to reach nearly USD 10.07 billion by 2032.

United States Oilseeds Market Outlook

The United States oilseeds market expansion has been a result of the increasing cultivation of speciality crops such as safflower, flax seed, and camelina, which enable farmers to withstand economic pressures and ensure food security. The increasing use of soy protein in animal feed to ensure the overall well-being of dairy and poultry is also expected to contribute to the market growth.

Soybean is one of the most important crops of the USA, which accounts for 90% of the overall oilseed production. In 2024, US farmers are expected to increase the area under soybean cultivation by 6 million acres, primarily to drive the production of sustainable fuel for hybrid electric vehicles and ICE, thereby ensuring a smooth transition towards cleaner sources of energy. This is expected to further drive the United States oilseeds market revenue in the forecast period.

Rising Consumer Consciousness for Healthy Eating Has Emerged as One of the Major United States Oilseeds Market Trends

• In the market from 2024 to 2032, soybean seeds are anticipated to experience the highest growth, with a CAGR of 7.3%, driven by increasing consumer demand for proteins in their diet.

• Sunflower seeds are expected to grow at a CAGR of 6.8%, due to their increasing demand from the food processing industry. This is expected to contribute to the United States oilseeds market development.

• Canola seeds are expected to see steady demand with a CAGR of 6.6%, due to increasing consumer consciousness for healthy eating. 

• Cottonseeds are expected to grow at a CAGR of 6.1%, due to their increasing demand from the healthcare and textile industry. 

• Peanut seeds are expected to grow at a CAGR of 5.8%, due to increasing consumer consciousness regarding their health benefits. This is expected to create lucrative United States oilseeds market opportunities.

• With the anticipated increase in net sown for oilseeds in the USA catering to the rising demand for food worldwide, the other categories of oilseeds are expected to grow at a CAGR of 5.1%. 

The Food Industry is Expected to Dominate the United States Oilseeds Market Share Due to the Rising Demand for Fried Foods Among Gen Z

• In the market from 2024 to 2032, the food industry is expected to lead with a CAGR of 7.2%, driven by the increasing consumer appeal for fried food items across restaurants. 

• As per United States oilseeds industry analysis, the feed industry is expected to grow at a CAGR of 6.8%, due to the increasing need to maintain animal health with strengthening of regulatory laws for animal husbandry. 

• The biofuels industry is expected to grow at a CAGR of 6.5%, due to the increasing worldwide demand for power. The USA is positioned as a key player in the global energy market, which is expected to drive the United States oilseeds market growth. 

• The industrial uses segment is expected to grow at a CAGR of 6.1%, due to the increasing emphasis on the production of bioplastics. 

• The 'others' category, with a CAGR of 5.8%, is expected to witness steady growth, driven by the increasing applications of oilseeds for removing contaminants from soil through phytoremediation.

United States Oilseeds Market Regional Analysis

• In the market from 2024 to 2032, the Far West region is expected to lead with the highest CAGR of 7.4%, driven by the proliferation of e-commerce platforms selling a wide variety of brands at exclusive prices. 

• The Rocky Mountain region follows with a CAGR of 6.9%, due to increasing health consciousness among consumers. This is shaping the United States oilseeds market dynamics and trends.

• The Southwest, with a CAGR of 6.6%, benefits from rising consumer disposable incomes, which is driving the demand for organically cultivated oilseeds. 

• The Southeast, growing at a CAGR of 6.3%, shows steady growth in the demand for oilseeds due to the rising popularity of e-commerce platforms in the region. 

• The United States oilseeds market regional insights show that New England and the Mideast regions exhibit substantial growth with CAGRs of 6.0% and 5.5%, respectively, due to rapid urbanisation and increasing population growth in these regions. 

• The Plains and Great Lakes regions, with CAGRs of 5.1% and 4.8%, respectively, are expected to grow steadily. This can be attributed to innovative marketing campaigns by oilseeds manufacturers, contributing to the United States oilseeds market development.

Key Questions Answered in the Report:

• How has the United States oilseeds market performed historically, and what are the growth expectations for the future? 

• What are the primary factors influencing demand and growth in the United States oilseeds market? 

• What are the key segments within the United States oilseeds market, and how are they expected to evolve over the forecast period? 

• What are the major challenges and opportunities facing stakeholders in the United States oilseeds market? 

• Who are the key players in the United States oilseeds market, and what strategies are they employing to maintain a competitive edge? 

• What are the regulatory and policy factors influencing the United States oilseeds market globally or regionally? 

• How competitive is the United States oilseeds market according to Porter's five forces analysis, including factors like the bargaining power of buyers and suppliers? 

• What are the current trends shaping the United States oilseeds market landscape, and how are they expected to evolve in the future? 

• How are technological advancements impacting the United States oilseeds market, and what role do innovation and R&D play in driving growth? 

• What are the consumer preferences and buying behavior trends influencing the United States oilseeds market? 

• How sustainable are current growth rates in the United States oilseeds market, and what factors could potentially disrupt these trends? 

• What are the regional dynamics within the United States oilseeds market, and how do they contribute to overall market growth? 

• What are the economic factors influencing the United States oilseeds market, such as GDP growth, inflation rates, and currency fluctuations? 

• How are demographic shifts, such as aging populations or urbanization trends, affecting demand in the United States oilseeds market? 

• What are the key strategic partnerships, mergers, and acquisitions shaping the competitive landscape of the United States oilseeds market? 

• What are the regulatory and legal frameworks impacting the United States oilseeds market globally or in key regions? 

• How are changing consumer lifestyles and preferences influencing product or service demand within the United States oilseeds market? 

• What are the emerging market trends and niche opportunities within the United States oilseeds market that stakeholders should be aware of? 

• How resilient is the United States oilseeds market to external shocks or disruptions, such as geopolitical tensions or natural disasters? 

• What are the potential barriers to market entry and growth for new United States oilseeds market players?

Key Benefits for Stakeholders:

Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, and historical and current market trends, and forecasts the dynamics of the United States oilseeds market spanning from 2018 to 2032.

The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the United States oilseeds market.

Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the United States oilseeds market.

The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares.

Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the United States oilseeds market landscape.

Key Highlights of the Report