Safflower Seeds Market Forecasts to 2028 - Global Analysis By Type (Monounsaturated Fatty Acid and Polyunsaturated Fatty Acids ), Nature, Application and By Geography

According to Stratistics MRC, the Global Safflower Seeds Market is expected to grow at a CAGR of 7.7% during the forecast period. Safflower was originally grown for its blooms, which were used to make colours for food and clothes. More recently, though, the crop's seeds have been used to make industrial oil, culinary oils, and bird feed. Safflower seeds are also sprouting in the nutraceutical, cosmetic, and pharmaceutical industries. These kinds of seeds are used to produce margarine and salad oils, which are edible oil products. Safflower seed oil is used in industrial applications and other kinds of surface coatings as a drying or semi-drying oil. The foot, a byproduct of the oil production process, is used to make soap. Heart problems can be avoided by using the oil made from safflower seeds. Additionally, it can be used to treat breathing issues, body aches, coughs, and fevers. Thus, owing to the seeds' multiple benefits and application in different fields, the market is expected to project a steady growth trajectory.

According to the Food and Agriculture Organization (FAO), Kazakhstan, India, the United States of America, Mexico, Argentina, and Australia are the primary producers of safflower seed mainly for oil extraction rotational crops along with rice, wheat, and corn.

Market Dynamics:

Driver:

Increasing Safflower Oil Commercialization

The safflower seeds market is increased awareness regarding the health benefits of safflower oil among consumers. Safflower oil, which is monounsaturated and polyunsaturated, is used in baby formula, cosmetics, salad and cooking oils, according to the Agricultural Marketing Resource Centre (AgMRC). Safflower has become a crucial crop for the production of vegetable oil, and both types of oil are regarded as "high-quality" food oils thanks to growing public knowledge of their health advantages. When compared to conventionally extracted oil, a recent innovation in the oil extraction method that uses supercritical CO2 tends to produce oil of higher quality.

Restraint:

Negative responses after consuming this oil

Some people's ingestion of this oil may result in negative reactions such stomach pain, vomiting, and cramps. These responses are probably going to prevent the overall market from growing. There has been an upsurge in the number of health-conscious consumers worldwide during the last several years. The demand for food products that promote good health has increased as more people pursue active, healthy lifestyles. Obesity, food sensitivity, and other ailments are still on the rise, thus living a healthy lifestyle is becoming a traditional way of life.

Opportunity:

Rising demand for healthy lifestyle

Safflower oil is becoming more and more popular as people's lifestyles and preferences for low-fat foods change. Safflower oil is used in a variety of non-cooking procedures, including as the production of paints in the industrial sector using animal oil. Safflower oil consumption is also significantly influenced by the fast expanding cosmetic business, rising demand for organic foods, and a rise in global health consciousness.

Threat:

Climatic changes may affect the seed quality

Safflower is a crop grown in the frigid (rabi) season. The ideal germination temperature is approximately 15.5 degree Celsius. When the plant is in the flowering stage, daytime temperatures between 24 and 32 degree Celsius are favorable for better yields. Between sea level and 1000 meters above sea level, it is grown. As elevation rises, so do the oil content and seed output. However, during the seedling stage, the crop can withstand even lower temperatures (between -12 and -10 degree C). The crop is harmed by high temperatures when it is flowering. Excessive humidity or rainfall boosts the invasion of fungal diseases at all growth stages. It is an ambivalent plant. However, in safflower, temperatures matter more than photoperiod. Short days lengthen the rosette phase. The crop is not fit for tracts of heavy rainfall. Frost is also harmful to the crop, especially at seed formation.

COVID-19 Impact:

Global production of consumer products had been halted in the first trimester of 2020 due to the devastating COVID-19 epidemic. The producers were having trouble streamlining their manufacturing even after the lockdown was loosened in some places. The trade of numerous products was temporarily halted due to the unfavourable disruption of the global supply chain. Many safflower seed market segments are anticipated to experience operations difficulties as a result of the pandemic. The safflower seed market will continue to develop at a static trajectory despite the delayed recovery that is anticipated, according to the best-case scenario.

The Pharmaceutical segment is expected to be the largest during the forecast period

Medicine is made from the flower and seed oil. Safflower seed oil is used to stop the "hardening of the arteries" (atherosclerosis), which is a major cause of heart disease, as well as stroke. Additionally, it is used to treat traumatic injuries, fever, tumors, coughing, breathing issues, clotting issues, and pain. Some individuals take it as an expectorant to assist loosen phlegm, a laxative, a stimulant, an antiperspirant, and to induce sweating. Women occasionally use safflower oil for painful or irregular periods; they also use safflower flowers to induce abortions, which could be a major contributor in this segment's revenue growth.

The monounsaturated fatty acid (oleic acid) segment is expected to have the highest CAGR during the forecast period

One of the healthier types of dietary fat is monounsaturated fat (oleic acid). Your health will benefit from eating better fats. At room temperature, saturated and Trans fats are solid. Your risk of heart disease and other health issues may rise as a result of these bad fats. Nuts, avocados, and vegetable oils are examples of plant foods that include monounsaturated fats. Your health may benefit from substituting monounsaturated fats for saturated and Trans fats in moderation. Every gram of fat contains 9 calories. This is more than twice as much as what is present in protein and carbs. Adding foods high in unsaturated fats to a diet that is already loaded with harmful foods and fats is insufficient. Instead, replace saturated or Trans fats with healthier, unsaturated fats. These factors are fuelling the segment's growth.

Region with largest share:

In the global market over the forecast period, the Middle East and Africa are anticipated to have the greatest revenue share. Increased awareness regarding the health benefits of safflower oil among consumers. Safflower oil is experiencing an increasingly growing shift toward the consumption of low-fat foods and the changing lifestyles of individuals, which is anticipated to contribute to the market's expected revenue growth. Major factors driving the demand for safflower oil are a rapidly growing cosmetic industry, increased demand for organic food, and rising health consciousness, which help the market for safflower seeds develop in terms of revenue.

Region with highest CAGR:

The market in North America is anticipated to rise steadily over the course of the forecast period as a result of safflower seeds with a high concentration of linoleic acid containing over 75% linoleic acid, which is considerably higher than olive oils, soybeans, cottonseed, or corn. It is expected to be the fastest-growing market owing to its interest in the pharmaceutical and nutraceutical properties of safflower seeds. Thus, owing to the seeds' multiple benefits and applications in different fields, the market is expected to project a steady growth trajectory.

Key players in the market:

Some of the key players in Safflower Seeds market include: Adams Group, Aktivv LLP, Asa Agrotech Pv Ltd, BioNutrition, Ciaberia International Inc., Connoils, Deve Herbes, GalpDistribuicion Oil Espana, Greenwood Essential, Henry Lamotte OILS GmbH, Los Charitos, Louis Dreyfus Company, Oil Seeds International Inc., Rolf C. Hagen Inc., Spectrum Culinary and Wagner's

Key Developments:

In March 2021, Connoils announced collaborations with companies that help create food and cosmeceutical grade oils and oil powders for a variety of products. And microencapsulation techniques that allow for the controlled release of active agents specific to product function.

In April 2020, Rolf C. Hagen Inc., a Canadian leader in pet product manufacturing and distribution, announced that it is increasing inventory of its consumables to satisfy the surge in demand for essential food amid COVID-19, and opening its phone lines to all Canadian pet parents and hobbyist looking for product, information, or a simple helping hand.

In April 2018, Louis Dreyfus Company, which owns and runs oilseeds crushing and refining facilities, was acquired by Oil Seeds International Inc., a manufacturer, and supplier of specialty vegetable oil.

Types Covered:

• Monounsaturated Fatty Acid (Oleic Acid)
• Polyunsaturated Fatty Acids (Linoleic Acid)

Natures Covered:

• Organic
• Conventional

Applications Covered:

• Food & Beverage
• Pharmaceutical
• Cosmetics
• Industrial
• Animal Feed
• Nutraceuticals

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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