Safflower Seeds Market
Safflower Seeds Market Forecasts to 2028 - Global Analysis By Type (Monounsaturated Fatty Acid (Oleic Acid) and Polyunsaturated Fatty Acids (Linoleic Acid)), Nature (Organic and Conventional), Application (Food & Beverage, Pharmaceutical, Cosmetics, Industrial, Animal Feed and Nutraceuticals) and By Geography
Years Covered |
2020-2028 |
CAGR (2022 - 2028) |
7.7% |
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
Largest Market |
Middle East and Africa |
Highest Growing Market |
North America |
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, GalpDistribuición Oil España, 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
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o 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
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Safflower Seeds Market, By Type
5.1 Introduction
5.2 Monounsaturated Fatty Acid (Oleic Acid)
5.3 Polyunsaturated Fatty Acids (Linoleic Acid)
6 Global Safflower Seeds Market, By Nature
6.1 Introduction
6.2 Organic
6.3 Conventional
7 Global Safflower Seeds Market, By Application
7.1 Introduction
7.2 Food & Beverage
7.3 Pharmaceutical
7.4 Cosmetics
7.5 Industrial
7.6 Animal Feed
7.7 Nutraceuticals
8 Global Safflower Seeds Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Adams Group
10.2 Aktivv LLP
10.3 Asa Agrotech Pv Ltd
10.4 BioNutrition
10.5 Ciaberia International Inc.
10.6 Connoils
10.7 Deve Herbes
10.8 GalpDistribuición Oil España,
10.9 Greenwood Essential
10.10 Henry Lamotte OILS GmbH
10.11 Los Charitos
10.12 Louis Dreyfus Company
10.13 Oil Seeds International Inc.
10.14 Rolf C. Hagen Inc.
10.15 Spectrum Culinary
10.16 Wagner's
List of Tables
1 Global Safflower Seeds Market Outlook, By Region (2020-2028) ($MN)
2 Global Safflower Seeds Market Outlook, By Type (2020-2028) ($MN)
3 Global Safflower Seeds Market Outlook, By Monounsaturated Fatty Acid (Oleic Acid) (2020-2028) ($MN)
4 Global Safflower Seeds Market Outlook, By Polyunsaturated Fatty Acids (Linoleic Acid) (2020-2028) ($MN)
5 Global Safflower Seeds Market Outlook, By Nature (2020-2028) ($MN)
6 Global Safflower Seeds Market Outlook, By Organic (2020-2028) ($MN)
7 Global Safflower Seeds Market Outlook, By Conventional (2020-2028) ($MN)
8 Global Safflower Seeds Market Outlook, By Application (2020-2028) ($MN)
9 Global Safflower Seeds Market Outlook, By Food & Beverage (2020-2028) ($MN)
10 Global Safflower Seeds Market Outlook, By Pharmaceutical (2020-2028) ($MN)
11 Global Safflower Seeds Market Outlook, By Cosmetics (2020-2028) ($MN)
12 Global Safflower Seeds Market Outlook, By Industrial (2020-2028) ($MN)
13 Global Safflower Seeds Market Outlook, By Animal Feed (2020-2028) ($MN)
14 Global Safflower Seeds Market Outlook, By Nutraceuticals (2020-2028) ($MN)
15 North America Safflower Seeds Market Outlook, By Country (2020-2028) ($MN)
16 North America Safflower Seeds Market Outlook, By Type (2020-2028) ($MN)
17 North America Safflower Seeds Market Outlook, By Monounsaturated Fatty Acid (Oleic Acid) (2020-2028) ($MN)
18 North America Safflower Seeds Market Outlook, By Polyunsaturated Fatty Acids (Linoleic Acid) (2020-2028) ($MN)
19 North America Safflower Seeds Market Outlook, By Nature (2020-2028) ($MN)
20 North America Safflower Seeds Market Outlook, By Organic (2020-2028) ($MN)
21 North America Safflower Seeds Market Outlook, By Conventional (2020-2028) ($MN)
22 North America Safflower Seeds Market Outlook, By Application (2020-2028) ($MN)
23 North America Safflower Seeds Market Outlook, By Food & Beverage (2020-2028) ($MN)
24 North America Safflower Seeds Market Outlook, By Pharmaceutical (2020-2028) ($MN)
25 North America Safflower Seeds Market Outlook, By Cosmetics (2020-2028) ($MN)
26 North America Safflower Seeds Market Outlook, By Industrial (2020-2028) ($MN)
27 North America Safflower Seeds Market Outlook, By Animal Feed (2020-2028) ($MN)
28 North America Safflower Seeds Market Outlook, By Nutraceuticals (2020-2028) ($MN)
29 Europe Safflower Seeds Market Outlook, By Country (2020-2028) ($MN)
30 Europe Safflower Seeds Market Outlook, By Type (2020-2028) ($MN)
31 Europe Safflower Seeds Market Outlook, By Monounsaturated Fatty Acid (Oleic Acid) (2020-2028) ($MN)
32 Europe Safflower Seeds Market Outlook, By Polyunsaturated Fatty Acids (Linoleic Acid) (2020-2028) ($MN)
33 Europe Safflower Seeds Market Outlook, By Nature (2020-2028) ($MN)
34 Europe Safflower Seeds Market Outlook, By Organic (2020-2028) ($MN)
35 Europe Safflower Seeds Market Outlook, By Conventional (2020-2028) ($MN)
36 Europe Safflower Seeds Market Outlook, By Application (2020-2028) ($MN)
37 Europe Safflower Seeds Market Outlook, By Food & Beverage (2020-2028) ($MN)
38 Europe Safflower Seeds Market Outlook, By Pharmaceutical (2020-2028) ($MN)
39 Europe Safflower Seeds Market Outlook, By Cosmetics (2020-2028) ($MN)
40 Europe Safflower Seeds Market Outlook, By Industrial (2020-2028) ($MN)
41 Europe Safflower Seeds Market Outlook, By Animal Feed (2020-2028) ($MN)
42 Europe Safflower Seeds Market Outlook, By Nutraceuticals (2020-2028) ($MN)
43 Asia Pacific Safflower Seeds Market Outlook, By Country (2020-2028) ($MN)
44 Asia Pacific Safflower Seeds Market Outlook, By Type (2020-2028) ($MN)
45 Asia Pacific Safflower Seeds Market Outlook, By Monounsaturated Fatty Acid (Oleic Acid) (2020-2028) ($MN)
46 Asia Pacific Safflower Seeds Market Outlook, By Polyunsaturated Fatty Acids (Linoleic Acid) (2020-2028) ($MN)
47 Asia Pacific Safflower Seeds Market Outlook, By Nature (2020-2028) ($MN)
48 Asia Pacific Safflower Seeds Market Outlook, By Organic (2020-2028) ($MN)
49 Asia Pacific Safflower Seeds Market Outlook, By Conventional (2020-2028) ($MN)
50 Asia Pacific Safflower Seeds Market Outlook, By Application (2020-2028) ($MN)
51 Asia Pacific Safflower Seeds Market Outlook, By Food & Beverage (2020-2028) ($MN)
52 Asia Pacific Safflower Seeds Market Outlook, By Pharmaceutical (2020-2028) ($MN)
53 Asia Pacific Safflower Seeds Market Outlook, By Cosmetics (2020-2028) ($MN)
54 Asia Pacific Safflower Seeds Market Outlook, By Industrial (2020-2028) ($MN)
55 Asia Pacific Safflower Seeds Market Outlook, By Animal Feed (2020-2028) ($MN)
56 Asia Pacific Safflower Seeds Market Outlook, By Nutraceuticals (2020-2028) ($MN)
57 South America Safflower Seeds Market Outlook, By Country (2020-2028) ($MN)
58 South America Safflower Seeds Market Outlook, By Type (2020-2028) ($MN)
59 South America Safflower Seeds Market Outlook, By Monounsaturated Fatty Acid (Oleic Acid) (2020-2028) ($MN)
60 South America Safflower Seeds Market Outlook, By Polyunsaturated Fatty Acids (Linoleic Acid) (2020-2028) ($MN)
61 South America Safflower Seeds Market Outlook, By Nature (2020-2028) ($MN)
62 South America Safflower Seeds Market Outlook, By Organic (2020-2028) ($MN)
63 South America Safflower Seeds Market Outlook, By Conventional (2020-2028) ($MN)
64 South America Safflower Seeds Market Outlook, By Application (2020-2028) ($MN)
65 South America Safflower Seeds Market Outlook, By Food & Beverage (2020-2028) ($MN)
66 South America Safflower Seeds Market Outlook, By Pharmaceutical (2020-2028) ($MN)
67 South America Safflower Seeds Market Outlook, By Cosmetics (2020-2028) ($MN)
68 South America Safflower Seeds Market Outlook, By Industrial (2020-2028) ($MN)
69 South America Safflower Seeds Market Outlook, By Animal Feed (2020-2028) ($MN)
70 South America Safflower Seeds Market Outlook, By Nutraceuticals (2020-2028) ($MN)
71 Middle East & Africa Safflower Seeds Market Outlook, By Country (2020-2028) ($MN)
72 Middle East & Africa Safflower Seeds Market Outlook, By Type (2020-2028) ($MN)
73 Middle East & Africa Safflower Seeds Market Outlook, By Monounsaturated Fatty Acid (Oleic Acid) (2020-2028) ($MN)
74 Middle East & Africa Safflower Seeds Market Outlook, By Polyunsaturated Fatty Acids (Linoleic Acid) (2020-2028) ($MN)
75 Middle East & Africa Safflower Seeds Market Outlook, By Nature (2020-2028) ($MN)
76 Middle East & Africa Safflower Seeds Market Outlook, By Organic (2020-2028) ($MN)
77 Middle East & Africa Safflower Seeds Market Outlook, By Conventional (2020-2028) ($MN)
78 Middle East & Africa Safflower Seeds Market Outlook, By Application (2020-2028) ($MN)
79 Middle East & Africa Safflower Seeds Market Outlook, By Food & Beverage (2020-2028) ($MN)
80 Middle East & Africa Safflower Seeds Market Outlook, By Pharmaceutical (2020-2028) ($MN)
81 Middle East & Africa Safflower Seeds Market Outlook, By Cosmetics (2020-2028) ($MN)
82 Middle East & Africa Safflower Seeds Market Outlook, By Industrial (2020-2028) ($MN)
83 Middle East & Africa Safflower Seeds Market Outlook, By Animal Feed (2020-2028) ($MN)
84 Middle East & Africa Safflower Seeds Market Outlook, By Nutraceuticals (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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