The global sunflower seeds market size was worth around USD 31.2 billion in 2021 and is predicted to grow to around USD 70.6 billion by 2030 with a compound annual growth rate (CAGR) of roughly 9.5% between 2022 and 2030.
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➤ The expansion of the industry is substantially facilitated by the high nutritional value of sunflower seeds.
The global sunflower seeds market expansion over the forecast period is significantly influenced by the high nutritional value of sunflower seeds. For example, a 100-gram serving of this product can provide the body with 584 kcal of energy. Its most notable attributes include a 51% daily value of lipids, with the majority of these being monounsaturated and polyunsaturated fatty acids. It also contains a significant amount of vitamins and minerals. They contain 234% of the daily value of vitamin E and between 23% and 129% of the daily value of the vitamin B family.
➤ The market’s development is significantly restricted by the side effects and allergies associated with sunflower seeds.
There is no doubt that sunflower seeds offer numerous health benefits; however, they also have a few disadvantages. The consumption of excessive quantities of roasted sunflower seeds may have adverse health consequences. For example, it may influence the kidneys’ functionality. The renal function can be compromised by the high levels of phosphorus present in sunflower seeds if consumed in excess. Consequently, this serves as a significant restraining factor that restricts the market’s expansion during the forecast period.
➤ During the COVID-19 pandemic, there is a lucrative opportunity for the market to expand by reviving interest in farming and food production.
The coronavirus pandemic has resulted in significantly disrupted food supply networks and a severe economic decline. Illnesses and quarantine restrictions have also impeded the typical flow of associated services and products. In recent months, numerous producers have shifted their attention to crop production in order to survive the epidemic, resulting in a rise in the production of sunflower seeds. For example, Scott Thompson, a farmer from Wisconsin, announced his intention to cultivate more than 2 million sunflowers on 22 acres, which will be distributed across more than 15 fields in 2020.
➤ Unintended weight gain is frequently the result of an increase in the consumption of sunflower seeds.
Consumer weight gain is expedited by the excessive use of sunflower seeds in food products, such as snacks or baked pastries. More than 60% of consumers consume ready-to-eat or processed food on a daily basis as a result of the evolving lifestyles of individuals. Therefore, these processed products contain an increased amount of sunflower seed oil, which contributes to the unwanted weight gain of consumers. Weight gain was a significant global health concern in 2020, affecting over 50% of the population. The expansion of the sunflower seed industry is being impeded by these variables.
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The Global Sunflower Seeds Market is segmented based on product, application and region
Global Sunflower Seeds Market: Product Segment Analysis
● Oilseed
● Non-Oilseed
Global Sunflower Seeds Market: Application Segment Analysis
● Snacks
● Bakery Products
● Confectionery
● Others
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The global Sunflower Seeds market profiles key players such as:
● Kenkko Corporation
● DuPont
● GIANT Snacks Inc.
● CHS Inc.
● American Meadows
● Mahyco Seeds Company Ltd.
● Conagra Foods Inc.
● Limagrain UK Ltd.
● Nuseed
● Martin US Enterprises LLC
● Sakata Seed America
● Ike Enterprises Inc
???? Recent Developments:
• Barenbrug Australia Pty Ltd and Nuseed Pty Ltd, a fully owned subsidiary of Nufarm Limited, announced in May 2020 that they have formalized a license agreement. This agreement will allow Barenbrug Australia to utilize Nuseed Australia’s sorghum and sunflower germplasm portfolio and to provide research and development, plant breeding, and commercialization services. This declaration demonstrates that Nuseed Australia is dedicated to the ongoing commitments to Australian research and development as the global commercialization partner for CSIRO and GRDC for Nuseed Omega-3 canola, as well as the preservation of its market-leading position in the Australian canola and monola markets.
• Corteva Agriscience is accelerating the expansion of its sunflower seed business in Europe by finishing an additional USD 15 million investment at the Romanian production facility Afumati in May 2022. This investment will enable the company to meet the growing demand for high-quality sunflower seeds from producers on both a domestic and international scale.
➤ The market is anticipated to be dominated by Europe during the forecast period.
Europe is anticipated to dominate the global sunflower seed market during the forecast period as a result of the region’s growing production of sunflowers, which are used for industrial, feed, and food purposes. According to the FAO, 19.3 million hectares of sunflowers will be cultivated in Europe in 2020 for use as sustenance, feed, fuel, and industrial purposes. Approximately 80% of the sunflower seed production in the region is consumed for domestic purposes, while the remaining 20% is used to produce bird feed and confections, and 90% is crushed.
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