(Food-Beverage-News.Com, March 22, 2018 ) The North America Oilseed Processing market is anticipated to grow at 6.87% CAGR from 2016 to 2021 and it is estimated that the North America market was valued at USD 53.09 million in 2016 and is expected to reach USD 74.01 million by 2021.
Oilseeds are generally used to extract edible oil for households and food industry. However, over last two decades, usage of vegetable oil has been increased in the field of bio-fuel, due to the shortage of non-renewable resources for various purposes. Oilseeds are pressed or crushed manually or mechanically to obtain edible oil. Few oilseeds such as Soybean and Peanuts are directly consumed as food besides extracting oil from them. In addition, poppy seed and hazelnuts, which are rich in oils are consumed directly. Moreover, these oilseeds are used as food ingredients in daily cooking.
The key drivers of this market are the increased household consumption in emerging countries and growing foodservice industry. Growth in retail and modern oilseed processing technologies has further triggered the availability of the product in the market. Another major factor that is expected to drive the market is demand for biofuels in developed and developing countries. Compulsory usage of biofuels in vehicles and other machinery would fuel the demand for oilseeds in the North America market. Changing lifestyles followed by changing food preferences and experimenting with a number of new food varieties is driving the demand for oilseed market. However, the gap in demand and supply worldwide is going to hinder the growth of the market. Moreover, increasing government regulations on manufacturing, exporting and marketing of oil could be a potential restraint to this market. Furthermore, fluctuating weather conditions in various regions of the world could destroy the proper product availability in the market. Price fluctuations and loopholes in distribution channel could also act as potential barriers to the market growth.
Market Segmentation • Process • Introduction • Mechanical • Chemical • Y-o-Y Growth Analysis, By Process • Market Attractiveness Analysis, By Process • Market Share Analysis, By Process • Type • Introduction • Soybean • Rapeseed • Sunflower • Cottonseed • Y-o-Y Growth Analysis, By Type • Market Attractiveness Analysis, By Type • Market Share Analysis, By Type
Based on geography, the market is analyzed under various regions namely U.S. and Canada. North America held the second largest shared of the market due to increasing demand for bio fuels in the developed regions.
The market is dominated by companies like Archer Daniels Midland Company, Bunge Limited, Cargill, Wilmar International Ltd., Richardson International Limited, Louis Dreyfus Company B.V., CHS Inc., Ag Processing Inc., ITOCHU Corporation, and EFKO GROUP.
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