Oilseeds Market to Reach US$ 331.5 Billion by 2033 Driven by Biofuel Expansion, Edible Oil Demand, and Feedstock Consumption

Astute Analytica forecasts strong growth fueled by rising global demand across multiple industries

Published on Feb. 3, 2026

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The global oilseeds market is projected to reach a valuation of US$ 331.5 billion by 2033, growing at a CAGR of 4.1% during the forecast period. This expansion is driven by surging demand for edible oils, animal feed, and biofuel production, with soybeans and rapeseed dominating the market. North America and Asia-Pacific lead in both production and consumption.

Why it matters

The oilseeds market is undergoing a transformative shift, with the rise of high-oleic oils and the booming biofuel industry reshaping global supply and demand dynamics. This growth has significant implications for agricultural producers, processors, and industries relying on oilseed derivatives, as they navigate evolving market trends and sustainability goals.

The details

The oilseeds processing sector is experiencing remarkable growth, with global oilseed processing projected to rise by 17.3 million tons to 560.8 million tons in the 2024/25 period. This surge is driven by rising consumer demand for edible oils, industrial needs, and the expanding biofuel market. The high-oleic oil segment is also gaining traction, responding to consumer demand for healthier and more stable oils. In the U.S., renewable diesel production capacity is expected to reach 5.9 billion gallons per year by the end of 2025, requiring an estimated 40 billion pounds of fats and oils as feedstock.

  • The global oilseeds market was valued at US$ 230.8 billion in 2024.
  • The global oilseeds market is projected to reach a valuation of US$ 331.5 billion by 2033, growing at a CAGR of 4.1% during the forecast period 2025–2033.
  • For the 2024/25 period, global oilseed processing is projected to rise by 17.3 million tons, reaching a total of 560.8 million tons.
  • In the United States, renewable diesel production capacity is forecasted to reach 5.9 billion gallons per year by the end of 2025.
  • The U.S. Environmental Protection Agency (EPA) has established the 2025 biomass-based diesel mandate at 2.82 billion gallons.

The players

Astute Analytica

A global market research and advisory firm providing data-driven insights across industries such as technology, healthcare, chemicals, semiconductors, and FMCG.

United States Department of Agriculture (USDA)

A government agency that provides projections for the 2024/2025 marketing year, including estimates for soybean oil allocation for biofuel production.

U.S. Environmental Protection Agency (EPA)

A government agency that has established the 2025 biomass-based diesel mandate at 2.82 billion gallons.

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The takeaway

The oilseeds market is undergoing a transformative shift, driven by rising global demand for edible oils, animal feed, and biofuel production. This growth is reshaping supply and demand dynamics, with significant implications for agricultural producers, processors, and industries relying on oilseed derivatives. The market's evolution towards healthier oils and renewable energy sources highlights the industry's adaptability and its critical role in meeting evolving consumer and environmental needs.