The key players identified have a strong presence in the global oilseed processing market including Archer Daniels Midland Company (U.S.), Bunge Limited (U.S.), Cargill (U.S.), Wilmar International Ltd. (Singapore), Richardson International Limited (Canada), Louis Dreyfus Company B.V. (Netherlands), CHS Inc. (U.S.), Ag Processing Inc. (U.S.), ITOCHU Corporation (Japan), and EFKO GROUP (Austria)
The key market players adopted various growth strategies such as expansions, acquisitions, agreements, in order to cater to the increasing demand for oilseeds processed products such as edible oil and soymeal. The companies increased their research and development expenditure to expand their oilseed processing capacities and manufacture diversified oilseeds processed products.
The core strengths of the key players in this market are their strategic expansions and acquisitions, to enhance their presence in the oilseed processing market. Market players such as Archer Daniels Midland Company (U.S.) and Cargill (U.S.) have successfully tapped the potential markets through expansions and acquisitions. The key companies entered into joint ventures to tap the Asian markets and also to expand their presence geographically. Moreover, these companies also focused on offering a diverse range of oilseed processed products such as oil and meal, in order to cater to the changing requirements of the food and feed industries.
Archer Daniels Midland Company (U.S.) has been one of the major players in the global oilseed processing market. The company has been focusing on expanding its oilseed processing capacity and developing new products in order to cater to a wider customer base. In 2015, ADM announced plans to expand 2.5 Million bushels of soybean processing capacity at the company’s plant in Deerfield, Missouri, U.S.
Bunge Limited (U.S.) has strengthened its position in several segments of the oilseed processing market through acquisitions. The company focuses on diversifying the oilseed processing business in order to cater to the wide customer base across the globe. It offers various oilseeds processed products such as biodiesel and edible oil, which are used in varied applications. Moreover, in August 2016, the company expanded its operations in France and Netherlands by acquiring two oil processing plants from Cargill.
Oilseed Processing Market by Oilseed Type (Soybean, Rapeseed, Sunflower, and Cottonseed), Process (Mechanical and Chemical), Application (Food, Feed, and Industrial), and Region - Global Forecast to 2022
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