Over the past five years, the price of oilseeds declined, leading revenue for the Oilseed Farming industry to fall. However, industry revenue is expected to rebound over the five years to 2022 as oilseed prices stabilize. Moreover, the growing acceptance and adoption of vegetable oils will continue to help improve demand from the US consumer. Biofuel production will also increase, which is anticipated to generate steady demand for oilseeds as part of the Renewable Fuels Program. However, low prices as a result of overproduction in the past will likely make industry operators leery of overplanting over the next five years.
Farmers in this industry grow a variety of oilseeds, including canola seeds, sunflower seeds, flaxseeds, safflower seeds and mustard seeds. Soybeans (IBISWorld report 11111) and cottonseeds are not included in this industry report.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.