Oilseed processing boosts the utilisation of crops like sunflowers and adds value to

grape seeds, which are typically discarded. The global oilseed processing market
has grown dramatically in recent years. The global oilseed processing market is
being driven by the increased demand for vegetable oils and biofuels as a result of
rising global oil consumption and growing awareness of environmentally friendly
and sustainable alternative energies.

Oilseeds are an essential component of modern agriculture. Vegetable oil is used in

a variety of industries, including food and non-food. Oilseed processors are
adopting modern technologies to assure high-quality production in response to the
growing demand for oilseeds and oilseed products. Bunge, for example, has
released its innovative Enzymatic Interesterification (EIE) technology, which is
one of the leading oilseed processors. The new method uses enzymes to breakdown
oilseeds and create fats and oils with specified functional properties while also
saving energy, reducing waste, and avoiding trans fats.

The steady expansion of the global market is predicted to be supported by

increased oilseeds production to fulfil the growing demand for vegetable oil
through innovative technologies and genetic enhancement of oilseed crops
employing contemporary biotechnology. Increased production and quality of
oilseed crops as a result of innovation and technology would be a positive factor
for market growth. Furthermore, the market's leading organisations are pursuing
mergers and acquisitions as well as joint ventures with key stakeholders in order to
reap further benefits. For example, in August 2018, Archer Daniels Midland
Company purchased a number of assets from Algar Agro in Brazil, including two
oilseed processing factories.

This agreement will allow ADM to improve its business skills in key Brazilian
demand regions while also aligning with the company's strategic growth ambitions.
The growing importance, growing interest, and expanding worldwide reach of
large enterprises in the oilseed industry is expected to boost overall market growth.
Furthermore, rising consumer disposable incomes in some developing economies,
rising consumer health consciousness, and fast urbanisation are fuelling demand
for oilseed goods.
The price volatility of oilseeds, which is caused by the seasonal character of
numerous crops, might stifle market expansion. Furthermore, the high initial
investment necessary for equipment installation and increased customer preference
for blended oils, such as a mixture of mustard and rice bran oil, are expected to
limit market expansion.

KEY PLAYERS COVERED:

The prominent players operating in the global oilseed processing market are
Archer Daniel Midland Company, Bunge Limited, Cargill, Wilmar International
Ltd ., Richardson International Limited, Louis Dreyfus Company B.V ., CHS Inc .,
Ag Processing Inc ., ITOCHU Corporation, EFKO GROUP, and Others.

Soybean is expected to hold major share in the global market owing to rising
production of the crop, increasing consumption of soybean oil, and growing
demand for soybean cake and meal from the animal feed industry. Moreover,
soybeans benefit the farmers from their fast growth, which allows for double-
cropping production. The easy availability of soybean due to its increasing
production is likely to boost the utilization of soybean from the oilseed processing
industry. Global sunflower oil consumption is steadily increasing mainly due to
changing consumer's consumption patterns and increasing health awareness.
Nowadays, consumers mostly prefer the high nutritive value products which is
expected to increase the demand for sunflower from oil processing companies.

The chemical method is the well-known and widely practiced method of oil
extraction. The chemical oil extractionmethod is commonly applied to oilseeds
with low oil content like soybean. This process is considered as one of the most
efficient processes in vegetable oil extraction, with less residual oil left in the meal
or cake. The chemical process is a very effective method, with high yield and
consistent performance, though the cost of production was relatively higher than
mechanical press methods due to the high cost of solvent, but the solvent can be
recovered and reused multiple times.

Among applications, the food segment is predicted to secure a larger chunk of the
revenue. Oilseed processed products such as edible oil and flour are extensively
utilized processed food industry across the globe, which is expected to support the
steady growth of the segment.