Digging for oil: The growing acceptance and adoption of vegetable oils will continue to help improve demand

The Oilseed Farming industry, which produces mainly canola, sunflower and flaxseed, is small when compared with other US cash crops such as corn, soybeans and wheat. Therefore, industry revenue can fluctuate in line with changes in the US agricultural sector at large, typically based on both global and domestic supply conditions. Industry revenue has grown or shrunk significantly in each of the past five years to 2018, in line with movements in the price of oilseeds. Over the five years to 2018, oilseed prices have been particularly volatile. Industry revenue is expected to rebound over the five years to 2023 as the price of oilseeds stabilizes. The growing acceptance and adoption of vegetable oils will continue to help improve demand from the US consumer...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The growing acceptance and adoption of vegetable oils will continue to help improve demand from the US consumer
  • The variety of oilseed uses has pushed up demand for canola and sunflower seeds
  • International trade conditions are expected to reverse
  • Industry Report - Industry Products Chapter

    SunflowerSunflowers traditionally make up a significant portion of the Oilseed Farming industry's revenue. However, their share of revenue has declined over the past five years. Overall, in 2018, sunflowers are estimated to account for 1.9% of industry revenue, down from 18.6% in 2013. It should be noted that values of sunflower production for 2018 are depressed from previous years due to the late growing season. It is expected when full year data is available, this value will be similar to 2017. This oilseed is used in a similar way to canola, mainly in frying oils and dairy substitutes. A small amount of sunflower oil is also used in cosmetics, resins and lubricants. Hig...purchase to read more.

    Additional Insights for the Oilseed Farming Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Oilseed Farming Industry are

  • Economies of scale
  • Ability to alter goods and services produced in favor of market conditions
  • Appropriate climatic conditions
  • IBISWorld analysts also discuss how external factors such as Price of oilseeds and Demand from food manufacturing in the Oilseed Farming industry impact industry performance..

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    What's in this report

    What is the Oilseed Farming Industry?

    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.

    Industry Products
  • Canola
  • Flaxseed
  • Mustard seed
  • Safflower
  • Sunflower
  • Peanuts
  • Rapeseed
  • Industry Activities
  • Canola farming, field and seed production
  • Flaxseed farming, field and seed production
  • Mustard seed farming, field and seed production
  • Rapeseed farming, field and seed production
  • Safflower farming, field and seed production
  • Sunflower farming, field and seed production
  • Sesame farming, field and seed production
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Price of oilseeds
  • Demand from food manufacturing
  • Trade-weighted index
  • Natural disaster index
  • World price of soybeans

  • Current Performance
  • Competition
  • Demand from biofuel production
  • Volatility and profit
  • Industry participation
  • Chart: Revenue Growth

  • Industry Outlook
  • International trade
  • Profit
  • Genetic modification
  • Table: Oilseed Farming Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Oilseed Farming Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Agriculture, Forestry, Fishing and Hunting
  • Animal Food Production
  • Flour Milling
  • Margarine & Cooking Oil Processing
  • Corn, Wheat & Soybean Wholesaling

  • Key Selling Industries
  • Corn, Wheat & Soybean Wholesaling
  • Crop Services
  • Farm, Lawn & Garden Equipment Wholesaling
  • Tractors & Agricultural Machinery Manufacturing

  • Products & Services
  • Peanuts
  • Canola
  • Safflower
  • Sunflower
  • Flaxseed
  • Mustard seed
  • Rapeseed
  • Chart: Oilseed Farming Industry Products and Services Segmentation

  • Demand Determinants
  • Edible oils production
  • The price of oilseeds relative to alternative oilseeds
  • Consumer tastes and preferences
  • Activity in intensive livestock production
  • Activity in biofuel production
  • Exchange rates

  • Major Markets
  • Domestic oilseed wholesalers
  • Domestic oil processors
  • Exports
  • Domestic seed sales
  • Chart: Major Market Segmentation for the Oilseed Farming Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Depreciation
  • Rent and Utilities
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Oilseed Farming

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Oilseed Farming Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Oilseed Farming Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Oilseed Farming Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Price of Oilseeds (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
  • A cultivator of rapeseed that has lower levels of erucic acid.
  • Genetic Modification
  • A technique where specific changes are introduced into a plant or animal's DNA by genetic engineering techniques. The most common modified foods include soybean, corn and canola.
  • Trans-Fat
  • Also known as trans fatty acid, it is found in small amounts in foods such as dairy products and animal meat, but it can also be created by the hydrogenation of some vegetable oils.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Oilseed Farming contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

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    This report on Oilseed Farming:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Oilseed Farming market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Oilseed Farming, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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