Sunflower Seeds Market Outlook
According to a new report by Expert Market Research titled, “Global Sunflower Seeds Market Value, Share, Growth, Analysis, Report and Forecast 2024-2032″, the sunflower seeds market reached a value of USD 29.12 billion in 2023. Aided by rising health concern and development of new technologies in sunflower seed cultivation and processing, the market is projected to further grow at a CAGR of 3.4% between 2024 and 2032 to reach a value of USD 39.29 billion by 2032.
Sunflower seeds are derived from the bright yellow sunflower plant, renowned for its aesthetic appeal as well as its edible seeds. These seeds have gained popularity as a nutritious snack and a versatile ingredient in various culinary dishes. Rich in essential fatty acids, vitamins, and minerals, sunflower seeds play a pivotal role in heart health, cholesterol reduction, and immunity enhancement. Beyond their health attributes, sunflower seeds exhibit exemplary characteristics as an oil source, making them instrumental in the food processing and cosmetics industries.
The escalating demand for nutritious and ready-to-eat snacks is significantly contributing to the sunflower seeds market growth. The increasing cognizance about the adverse health effects of junk food and synthetic additives has triggered a shift towards natural and nutrient-dense snacks. Sunflower seeds, with their rich nutrient profile and crunchy texture, have seamlessly fit into this consumer paradigm, ensuring their rising market demand.
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The broadening applications of sunflower seeds in multiple sectors substantially is one of the key global sunflower seeds market trends driving the market. In the culinary world, roasted sunflower seeds serve as a delightful garnish, while the unroasted seeds find a place in bread, salads, and cereals. The oil extracted from sunflower seeds, known for its light texture and neutral taste, is a preferred choice in cooking and salad dressings. This oil, rich in Vitamin E and antioxidants, also finds extensive applications in cosmetics, particularly in skin-care products, for its hydrating and skin-revitalizing properties.
Additionally, the global trend of organic and non-GMO products has positively impacted the sunflower seeds market outlook. Sunflower seeds, especially those grown organically, are perceived as more healthful and environmentally friendly, thus driving their demand. The increasing number of health-conscious consumers worldwide, coupled with a greater emphasis on sustainable and organic farming practices, positions sunflower seeds as a market favourite.
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Furthermore, innovations in the packaging of sunflower seeds have led to a surge in the sunflower seeds market demand. Convenient pack sizes, resealable options, and visually appealing packaging designs cater to the modern-day consumer, who prioritizes both quality and convenience. This has also facilitated the easy incorporation of sunflower seeds into various diets, be it vegan, ketogenic, or gluten-free, ensuring a more comprehensive consumer reach.
Sunflower Seeds Market Segmentation
The market can be divided based on type, application, and region.
Market Breakup by Type
- Oilseed
- Non-Oilseed
Market Breakup by Application
- Edible Oil
- Snacks
- Confectionery
- Bakery Products
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global sunflower seeds market. Some of the major players explored in the report by Expert Market Research are as follows:
- Conagra Brands, Inc.
- GIANT Snacks Inc.
- PepsiCo,Inc.
- Chinook Seedery
- Nufarm Limited
- Kenkko Corporation
- CHS Inc.
- Mr. Martin Inc.
- American Meadows Inc.
- Blue Diamond Group Ltd.
- Others
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