Organic oilseeds are grown by following the standards of organic farming and ensures that its natural quality remains same. These oilseeds are rich in nutrients, vitamins and minerals such as calcium, fiber, iron, magnesium and folate and in many other nutrients. Sunflower seeds, soybeans, palm kernel, sesame, rapeseeds etc. are some organic oilseeds which are used to extract edible oil which is used for cooking and for industrial usage. In last few decades, it was observed that food market has become highly dynamic as it has influenced from many factors such as continuous development in food products, ethnic food, taste, content of oil etc. Increasing awareness among the consumers towards health and wellness has leads to increase in demand of organic edible oil. These factors have made positive impact on demand of organic food in market.
Market Dynamics of Organic Oilseeds Market:
The key drivers of organic oilseed market are the demand of organic food products in food industry where consumers are preferring healthy snacks, food and healthy lifestyle due to increase in health problems. This driver has thrust the companies to offer organic product which satisfies the needs and preferences of consumers in best possible manner. On the other side the key trend which is influencing the demand of organic oilseeds in market is increase in consumption of ethnic cuisines as consumers always seeks for cuisines which have new flavor, natural quality or have some different taste. Another trend which is stimulating the growth of organic oil seed market is technology and innovation which are used by the manufacturers to extract oil from seeds. Companies implementing advanced technological equipment and methods to extract the large quantity of oil in quicker manner. There is also one of the factor which may restraint the organic oilseed market in future and it is due to uncertain changes in global climatic conditions which make direct impact on agriculture business.
On the other side in terms of market share in perspective to market segment as organic oilseeds has primary demand in terms of food consumption where extracted oil is used for cooking in household and in preparing dishes by restaurants and hotels. Organic oil is used for cooking varieties of dishes, food recipes and also helps to enhance the taste, color, flavor and natural quality of food. In addition to this the demand of organic oilseeds will also be from the side of health care sector followed by food consumption. Organic oilseeds such as sunflower, sesame, soybean etc. helps in healthy digestion, control of blood level, cholesterol and for many other problems related to health.
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Market Segmentation of Organic Oilseeds Market:
Market of organic oilseeds is segmented on three different aspects, first is on the basis of types ,second segment is in context to application of organic oilseeds and thirdly on the basis of product type. As per the market segment of organic oilseeds it is categorized into different types such as sunflower seeds, rapeseeds, soybean, copra, sesame, cottonseed and palm kernel are among the different types of oilseeds available in market. Similarly in context to market segment of organic oilseeds by application, it is divided into two parts as a food products and biofuel products. Further the market segment of food products in context to application insight, it is sub-segmented into further part. It is segmented as per the use of organic oilseeds in food consumption, animal feed and health care. From the above segment, majority of the market share in terms of market segment will be occupied in terms of application insight as mainly these seeds are used for consumption purpose only. On the basis of product type, the organic oilseeds market is segmented as oil, meal, hulls and other products. Out of these segments oil sub-segment I accounted for a major revenue contributor over the other segments. The meal sub-segment includes protein rich meal, defatted meal/oil pressed meal. Meal is majorly used as animal feed and other industrial applications.
In most of the developing regions, it is observed that there is increase in disposal income of consumers and which has ultimately leads to increase in spending power of customers. Owing to this the results of forecasted period has estimated higher growth in demand of organic oilseeds market. Moreover, it will also develop its market from the side of health care sector as organic oilseeds are rich in nutrients, vitamins and minerals which mainly attract the consumers suffering health problems related to digestion, cholesterol and blood pressure.
Regional Outlook of Organic Oilseeds Market:
In terms of regional market segment, it will be divided into seven different regions of the world. These are North America, Latin America, Eastern Europe, Western Europe, and Asia-Pacific region, Japan, Middle East and Africa. In terms of production of organic oilseeds, United States and Brazil acquires majority of proportion in terms of production. On the other side countries such as Japan, China, Russia and countries of European Union are some of the major importers of organic oilseeds.
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Key Market Players in Organic Oilseeds Market:
There are some of the key market players which are offering organic oilseeds in market. These are Oilseeds International Ltd., Cargill Incorporated, Bungee, Hattifood, Cootamundra Oilseeds, Burrus Seed, JDG Seed Company, Fediol, Archer Daniels Midland and Louis Dreyfus is some of the key market players which operate in the business of organic oilseeds.