Global Oilseed Extraction Equipment Market Size, Share, Opportunities, And Trends By Type Of Equipment (Oilseed Cleaning Equipment, Oilseed Crushing Equipment, Oilseed Flaking Equipment), By Application (Edible Oils, Industrial Oils, Animal Feed), By End-User Industry (Food And Beverage Industry, Biofuel Industry, Animal Feed Industry), And By Geography - Forecasts From 2024 To 2029

Oilseed Extraction Equipment Market is expected to witness significant growth during the forecasted period of 2024-2029.

Oilseeds are a type of crop that is commonly grown for the oil contained in the seeds. The majority of oilseed contains oil, which includes small grains (only 1-2%), soybeans (20%), and sunflowers and rapeseeds (40%). The major sources of edible type of seed oils include soybeans, sunflowers, rapeseed, peanuts, and cotton. Other seed oils that are acquired from flax (linseed) and castor beans are commonly used in industrial applications. Edible vegetable oils are commonly used as salad or cooking oils and are also solidified through the process of hydrogenation to make margarine and shortening. The products are also known to be used as a supplement or replacement for animal products like butter and lard to meet the needs of the increasing world population.

Introduction:

The factors that affect the oilseed extraction equipment market growth are the growing demand for biofuel and the increasing production of oilseeds in general. Oilseed extraction equipment is used for gathering oil from oil-bearing seeds to create edible oils and industrial-purpose oils. Some types of oilseed extraction equipment include oilseed crushing equipment, oilseed cleaning equipment, and oilseed flaxing equipment. These types of equipment are commonly used in the food and beverage, biofuel, and animal feed industries.

Market Drivers:

• Growth in demand for Biofuel: Oilseeds are one of the major ingredients required for biofuel production. Biofuel is a type of renewable energy source that is produced from plants, algae, or biomass. As per the International Energy Agency, the global biofuel demand is expected to increase by 41 billion litres (28%) from 2021 to 2026. The main factor that affects the growth of biofuel demand is the overall transport fuel demand, costs, and the specific policies that are designed to influence where growth occurs and which fuel grows quickest. It can also be seen that biodiesel consumption and production in 2021 accounted for 15% or 7 billion litres and also displayed a positive increase during the forecast period. Biodiesel is a type of biofuel that is produced through vegetable oils, animal fats, and recycled restaurant grease. Since the demand for biofuel increases, the demand for oilseeds will also increase for the production of vegetable oils. This will provide the necessary boost for the oilseed extraction market growth during the forecasted period.
• Growth in oilseed production: Oilseed extraction equipment are tools that are required for the collection, crushing, cleaning, and flaking of oilseeds to produce oilseed products which include soybean oil, rapeseed oil, and many others. A factor that can affect the increase in oilseed equipment is the increase in the production of oilseeds in general. As per the Soybean Processors Association of India, global oilseed production accounted for 632,861 million metric tons in 2021-22, which is an increase from 600,505 million metric tons in 2020-21. This increase in production can provide the necessary fuel for the oilseed extraction equipment market growth during the forecasted period.

Key Players:

• French Oil Mill Machinery Company: A family-owned company that is known for its development, and manufacturing of high-quality, durable, and technologically advanced hydraulic press systems, along with other equipment for a wide range of industrial applications.
• Anderson International Corp.: A global leader that is known for the manufacturing, installing, and supporting processing systems that are used for oilseed production, animal feed, and synthetic rubber.

Regional Analysis:

Asia Pacific region is expected to witness significant growth and hold the largest share in the oilseed extraction equipment market during the forecasted period of 2024-2029. The factors that lead to the market growth in this region are the oilseed production and government incentives that support oilseed-related activities. China and India are the key players in the growth of this region. India alone accounts for 10% of the global oilseed production (20.8% of the total area cultivated), with oilseed types cultivated including groundnut, soybean, sesamum, mustard, sunflower, safflower, and niger oilseeds. As of 2022-23, the production of the country accounted for 40.9 million tonnes and shows an annual growth rate of 5% throughout 2015-16 to 2022-23. This was achieved due to several government initiatives that helped boost production and exports in the country. Some of the government initiatives and investments include the investment of Rs. 1,500 crore (US$ 197 million) from the government for the development of the oilseed industry. Rs. 900 crore (US$118 million) was allocated for the edible oil palm programmer and the remainder of Rs 600 crore (US$79 million) was allocated to the oilseed programme. As the oilseed industry is deemed to witness growth, the need for oilseed extraction equipment will also be expected to increase, providing the necessary boost to the oilseed extraction equipment market growth.

Market Developments:

• November 2023: Cargill announced the launch of their processing plant in Sidney, Ohia with their integrated soybean crush and refined oil facilities. This expansion of their soybean processing plant was to meet the growing demand for products across food, feed, and renewable fuel markets. This processing plant doubles the crush capacity which will provide greater market opportunities for area farmers, help in meeting the demands for soybeans, and offer great access to soybean meal and hulls. Since soybean is a type of oilseed, the demand for oilseed extraction equipment, such as the soybean crushing equipment in this case, will also be expected to show significant growth.

Segmentation:

• By Type of Equipment:
  • Oilseed Cleaning Equipment
  • Oilseed Crushing Equipment
  • Oilseed Flaking Equipment
• By Application:
  • Edible Oils
  • Industrial Oils
  • Animal Feed
• By End-User Industry:
  • Food and Beverage Industry
  • Biofuel Industry
  • Animal Feed Industry
• By Geography:
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Others