Key Market Indicators
Consumption of oilseeds in Vietnam is expected to reach 1.9 million metric tons by 2026, up from 1.8 million metric tons in 2021. This represents an average annual growth rate of 1.1% since 2017. The United States currently leads the ranking with 1.8 million metric tons, followed by India, Indonesia, and Brazil. Meanwhile, Vietnam's oilseed production is set to reach 394,040 metric tons by 2026, an increase from 380,560 metric tons in 2021. This corresponds to an average annual growth rate of 0.6% since 1966. Burkina Faso leads the ranking with 380,560 metric tons, followed by Brazil, the United States, and Malaysia.
Vietnam Oilseeds Market Data and Forecasts
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Oilseed Farming: Sizing Trends, Pandemic Influence, and Organic Market Evolution
Global oilseed production has been experiencing shifts, primarily driven by advancements in bio-engineering, mechanization, and improving crop yield per hectare. Coupled with the increasing trend of consumption of vegetable oil and animal feed, the industry has seen steady growth over the years. In key markets such as North and South...
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Biofuel Industry: Unveiling Growth Potential in Soya, Rapeseed, and Other Methyl Esters
The biofuel industry, predominantly comprising methyl esters derived from plant sources, is experiencing robust demand growth. This trend is notably driven by environmental considerations. As nations around the world seek to reduce their carbon footprints, biofuels offer a sustainable alternative to fossil fuels. Given that they are locally sourced and...
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Agro-Industry Dynamics: Merging Grain Milling with Oilseed Processing Perspectives
The amalgamation of grain milling and oilseed processing seems to follow a progressive trajectory. This is as a consequence of technological advancements that allow for efficient processing and enhancement of product quality. Demand dynamics are shifting, with consumers showing a preference for high-nutrient products. Concurrently, more efficient industrial practices are...
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Grain and Oilseed Industry: Unveiling Global Processing Innovations and Market Dynamics
In the thriving food sector, end-user predilections pushes innovation in the oilseed and grain processing industry. Advanced technologies are being employed to enhance productivity and efficiency. For instance, artificial intelligence (AI) and machine learning are used to optimise operations and predict market trends, while automation technologies improve productivity by reducing...
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Oilseeds Sector: An Insightful Analysis into Future Trends, Opportunities, and Market Dynamics
The global oilseeds landscape is anticipated to be greatly influenced by certain forward-looking trends. Key among these include a heightened focus on sustainable production methodologies, as businesses increasingly incorporate environmental considerations into their strategies. Further, the demand for healthy and organic products will likely stimulate an elevated production of oilseeds,...
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