(Food-Beverage-News.Com, September 18, 2018 ) Some of the oils with a high flash points such as sunflower oil and soybean oil are used as cooking oils. Apart from its applications in cooking, vegetable oils are used in making soaps, perfumes and cosmetic products. They are also used as biofuels and in the manufacture of some pet foods. The seeds of a plant when used as a source of vegetable oil are called oilseeds. Though oil can be extracted from many parts of the plant, seeds are primarily used for commercial purposes. Oil is extracted from seeds by a machine known as oilseed press. Over the course of time, several oilseed presses are designed to improve the efficiency and making the process cost-effective.
Drivers and Restraints: The Increase in the consumption of vegetable oils for cooking purposes and growing food industry are the major drivers of the global oilseed market. The Reduction in prices due to the new processing equipment and development of effective extraction process, the high penetration of retail and wholesale distribution channels in rural as well as urban areas are also driving the oilseed market. Stringent government regulations on manufacturing and exports and loopholes in distribution channels are the restraints for the growth of the market.
Geographic Segmentation Based on the region, the global Oilseed market is divided into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America leads the oilseed market as U.S is the largest producer of Oilseeds in the world. The Asia Pacific is the fastest growing market for oilseeds due to the large production of oilseeds by India and China and large consumption of vegetable oils as well.
The leading companies in the global Oilseed market are Dow AgroSciences, Gansu Dunhuang Seed Co Ltd, Syngenta, Burrus Seed farm, ADM Ölmühle Hamburg, Hefei Fengle Seed Co Ltd, Diester Industrie, Land O’Lakes Inc, Green BioFuels Corporation, President Rice Products and Ace cook Vietnam.
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