The oilseeds market size in 2026 plays a significant role in connecting agricultural production with food and industrial processing. Oilseeds are cultivated for their oil content, while the remaining meal and other by-products provide valuable inputs for animal feed and other applications. Growing demand for vegetable oils, protein-rich feed ingredients, and processed food products is influencing production and trade patterns. Improvements in farming practices, seed technology, and agricultural processing are also supporting the development of the market.
According to Fortune Business Insights, the global oilseeds market size was valued at USD 355.64 billion in 2025. The market is projected to grow from USD 377.54 billion in 2026 to USD 609.05 billion by 2034, exhibiting a CAGR of 6.16% during the forecast period. Oilseeds are important agricultural commodities used in the production of edible oils, animal feed, food ingredients, and various industrial products. Major oilseed varieties include soybeans, rapeseed, sunflower seeds, cottonseed, and peanuts. Their broad applications across food processing, livestock nutrition, and industrial manufacturing make them an essential part of the global agricultural value chain.
Major companies operating in the global oilseeds market include:
Increasing Demand for Vegetable Oils and Processed Foods
Growing consumption of vegetable oils is an important factor supporting the global oilseeds market. Soybean, sunflower, rapeseed, and other oilseed varieties are processed to produce oils used in household cooking, packaged foods, foodservice operations, and industrial food manufacturing. Population growth, urbanization, and changing dietary habits are increasing demand for convenient food products and cooking ingredients. This creates a need for a reliable supply of oilseeds and processed oils.
Expansion of Livestock and Animal Feed Production
Oilseed processing generates meals and by-products that serve as important ingredients in animal feed. Soybean meal and other oilseed meals provide protein for poultry, cattle, aquaculture, and other livestock. Growth in meat, dairy, and aquaculture production is increasing demand for protein-rich feed ingredients. This supports the commercial value of oilseeds beyond their oil content and encourages processors to improve the utilization of different crop components.
Advancements in Agricultural Technology