Sunflower Seed Market Outlook 2031:
The global sunflower seed market size was valued at USD 1.31 Billion in 2022 and is projected to reach USD 1.93 Billion by 2031, expanding at a CAGR of 4.4% during the forecast period 2023 - 2031. The growth of the market is attributed to its influence in the global snack food industry continues to expand. The nutritional value of sunflower seeds is a key factor in their consumption because they contain healthy fat, fiber, protein, and are an excellent source of essential minerals and vitamins.
Sunflower seeds are used to make edible oil and can be used in several foods products. There are ranch bacon, pickled cucumbers, salt pepper, canned freshly ground pepper, salty roasted aroma, roasted coconut aroma, and sweet sunflower seeds in different flavors in the market. Sunflower seed is the best source of vitamin E, which act as an antioxidant. Vitamin E can remove kinds of harmful free radicals in the body.
For example, vitamin E plays a greater role by protecting cells and molecular elements, thereby reducing asthma, rheumatoid arthritis, and osteoarthritis. Vitamin E also reduces the risk of colon cancer and controls the severity of diabetes complications. In addition, sunflower seeds are an excellent source of magnesium can reduce the risk of asthma, low blood pressure, prevent migraine, and limit the risk of heart attack and stroke.
Sunflower Seed Market Trends, Drivers, Restraints, and Opportunities
- Growing popularity of ready-to-eat foods and baked foods is anticipated to drive the market during the forecast period.
- Rapid growth of the food industry by adoption of nutritive animal foods is major factors fueling the market.
- Rising distribution channels in form of supermarket and online sales is expected to boost the market during forecast period.
- High cost on R&D for improving seed quality is expected to restrict the market growth.
- Growing consumption of sunflower seeds may cause obesity and weight gain which act as major factors that can hamper the market growth during the forecast period.
- R&D investment and development in seed improvement techniques and molecular breeding is expected to offer immense opportunities for the market players.
Scope of Sunflower Seed Market Report
The report on the global sunflower seed market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Sunflower Seed Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Oilseed and Non-oilseed), Colors (Bright Yellow, Claret Red, Black, Green, White, and Light Gray), Applications (Edible Oil, Snacks, Bakery Products, Confectionery, and Birdfeed), and Distribution Channels (Online and Offline [Supermarkets and Retail Stores])
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Groupe Limagrain, Syngenta AG, Pannar Seeds, Advanta Seeds, and Nuziveedu Seeds
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Sunflower Seed Market Segment Insights
The oilseed segment is projected to represent a major market share
Based on types, the sunflower seed market is bifurcated into oilseed and non-oilseed. The oilseed segment is expected to represent a key share of the market during forecast period due to increasing demand for these high-quality plant-based foods as a source of human nutrition and raw materials for the food industry.
Oilseed is a rich source of fatty acids and linoleic acid, and can be used to make cosmetics or personal care products, such as acne moisturizers, eye creams, and anti-aging masks.
The black segment is expected to grow at a rapid pace
Based on colors, the sunflower seed market is segregated into bright yellow, claret red, black, green, white, and light gray. The black segment is expected to hold a key share of the market during forecast period. Black oil sunflower seeds are some of the healthiest sunflower seeds. They are some of the cheapest seedlings in the market, but their nutritional value also exceeds that of ordinary sunflower seeds.
These organic bean sprouts are rich in calcium, potassium, and essential vitamins and have all the health benefits of micro-vegetables, they contain 25% high-quality protein, which makes them one of the most popular supplements in the health care segment. Black sunflowers are rich in zinc and vitamin B, which are ideal for improving fertility content.
The birdfeed segment is anticipated to expand at a substantial CAGR
Based on applications, the sunflower seed market is fragmented into edible oil, snacks, bakery products, confectionery, and birdfeed. The birdfeed segment is expected to represent a key share of the market during forecast period as it is one of the major market for sunflower seed by-products (such as flour and nut shells.) and is one of the best source for birdfeed due to high oil content that fulfills the nutrient requirement for livestock is driving the market.
On the other hand, the confectionery segment is anticipated to expand at a rapid pace during the forecast period. Confectionery sunflower seeds can be used in baked goods and a series of natural and healthy snacks, and can be eaten directly in the form of shelled, peeled, raw or baked. It is expected that the varieties in East European countries will be replaced by high-yielding candy hybrid varieties, which will lead to an increase in the planting area of ??this crop.
The offline segment is expected to dominate the market
Based on distribution channels, the sunflower seed market is bifurcated into online and offline. The offline segment is further bifurcated into supermarket and retail stores. The offline segment is expected to hold a key share of the market during forecast period.
Offline market segments dominated the market in 2019, accounting for more than 80.0% of total sales. Domestic or international supermarkets and large supermarket chains are important sales channels.
In addition, local grocery stores, cafes and mini markets also have a considerable market share. On the other hand, the online segment is anticipated to expand at a rapid pace during the forecast period due to increasing popularity of e-commerce and increasing online sales portals is estimated to drive the growth of this market.
Europe is anticipated to dominate the market
On the basis of regions, the sunflower seed market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe is anticipated to dominate the market during forecast period. Approximately 80% of sunflower seed production in the region is used for household consumption, 90% of which is used for grinding, and the rest is used for poultry feed and candy.
In recent years, there has been an increase in sunflower plantations in countries such as Italy, Portugal, Germany, Austria, Croatia, and the Czech Republic. Due to less squash and availability demand remains stable due to forecasted high competitiveness compared to rapeseed meal.
Segments
The global sunflower seed market has been segmented on the basis of
Types
Colors
- Bright Yellow
- Claret Red
- Black
- Green
- White
- Light Gray
Applications
- Edible Oil
- Snacks
- Bakery Products
- Confectionery
- Birdfeed
Distribution Channels
- Online
- Offline
- Supermarkets
- Retail Stores
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the sunflower seed market include Groupe Limagrain, Syngenta AG, Pannar Seeds, Advanta Seeds, and Nuziveedu Seeds
Some of these players are using several business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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