Sunflower Seed Market

Sunflower Seed Market Size (2022 - 2027)

Global sunflower seed market is expected to register a CAGR of 5.1% during the forecast period 2022 to 2027.

Sunflower seeds are the fruit of the sunflower plant; these are considered to be very healthy. They are used to produce sunflower oil which is a popular cooking oil used in various foods. Sunflower seeds are the best source of vitamin E, an antioxidant; Vitamin E removes harmful radicals from the body. Vitamin E also protects the cells and molecules present in the body and helps in the reduction of asthma, rheumatoid arthritis, and osteoarthritis. Furthermore, sunflower seeds are an excellent source of magnesium. Magnesium is known for reducing blood pressure, preventing migraines, and limiting the risks related to heart diseases. 

The Sunflower Seed Market is expected to grow at a high pace during the forecast period. The increasing production of sunflowers by farmers is expected to drive the market growth of the Sunflower Seed Market. This is mainly due to improved hybrid seeds, which encourage farmers to grow sunflowers.

Market Drivers:

The major factors promoting the growth of the Sunflower Seed Market include the increasing demand for sunflower seeds in the market. There is increasing demand for cooking oil produced using sunflower seeds due to its wide uses in the processed food industry and your everyday household kitchens. The sunflower seeds over the yeast have rapidly developed as a quick ready-to-eat snack. The growing popularity of ready-to-eat and ready-to-bake foods by consumers, the wide sales of sunflower seed snacks in supermarkets,, and the growing demand for readily available and Bakery products are boosting the market growth of the Sunflower Seed Market. The increasing number of flavors of sunflower seeds introduced by manufacturers include bacon ranch, salt and pepper, fresh cracked pepper, pickle, pitcher roast flavor, and roast coconut pitcher roast, salty kettle roast flavor, and others which are further adding to the market growth. The manufacturers are now focusing on producing nutritional and healthy products. Therefore, there are many growth opportunities for the Global Sunflower Seed Market in the global snack industry. The increasing use of Sunflower seeds in animal feed due to their high fiber content is expected to help expand the Global Sunflower Seed Market. Sunflower seeds are highly nutritious and contain nutritional substances such as Omega-6 fatty acids and many other vitamins such as Vitamin E, B1, B6, and trace metals such as copper and magnesium. The development of new and improved sunflower seeds is promoting the market growth of the Global Sunflower Seed Market.

Market Restraints:

Major factors restraining the growth of the global sunflower seeds market include the many allergies and side effects of using sunflower seeds. Sunflower seeds also contain increased saturated fatty acids, which cause undesired weight gain. The fats present in sunflower seeds, even the good fatty acids, are high in calories. Excessive consumption of these fats may cause obesity and various health risks. The high levels of the phosphorous present in sunflower seeds can damage the kidney when consumed excessively. The consumption of sunflower seeds can cause increased blood pressure by elevating the sodium levels in the blood, which can increase the risk of heart disease. Sunflower seeds also seem to increase insulin levels in the blood. Sunflower oil used in frying emits fumes; these fumes contain toxic substances that may increase cancer risk. Sunflower oil produces more toxic substances compared to other oils. All these factors are hindering the growth of the global sunflower seed market.

Market Segmentation

Sunflower Seed Market - By Color:

• Bright Yellow

• Claret Red

• Black

• Green

• White

Black color sunflower seeds are expected to dominate the Global Sunflower Seed Market due to their extensive use in producing sunflower oil.

Sunflower Seed Market - By Application:

• Edible Oil

• Snacks

• Bakery Products

• Confectionery

• Birdfeed

• Others

The edible oil segment is expected to dominate the Global Sunflower Seed Market. This is mainly due to the increasing demand for sunflower oil in the market. The snacks and bakery products segment is expected to be the fastest-growing segment in the Global Sunflower Seed Market.

Sunflower Seed Market - By Type:

• Oilseed

• Non-oilseed

The oilseed segment is expected to dominate the Global Sunflower Seed Market market share due to the increased demand for sunflower oil in the market. Oilseeds contain high amounts of oil and are used in producing oils.

Sunflower Seed Market - By Region:

• North America

• Europe

• Asia-Pacific

• Latin America 

• Middle East & Africa

The Asia-Pacific Sunflower Seed Market is expected to dominate the Global Sunflower Seed Market market due to the increasing demand for healthy snacks in the region. The Europe Sunflower Seed Market is expected to grow at a high pace due to the increasing demand for organic products in the region. The North America Sunflower Seed Market is expected to be the fastest-growing market in the region owing to increasing demand for sunflower oil. The Latin America Sunflower Seed Market is expected to grow at a moderate pace. The Middle East & Africa Sunflower Seed Market is expected to grow at a high pace.

Key players:

The Major key players in the Global Sunflower seed market include

• ENKKO CORPORATION 

• CONAGRA FOODS INC.

• DuPont

• Limagrain UK Ltd.

• GIANT Snacks Inc.

• Martin US Enterprises

• Sakata Seed America

• AmericanMeadows

• Mahyco Seeds Company Ltd

• Nuseed

Impact of COVID-19 on the Sunflower Seed Market:

The COVID-19 pandemic has affected the production, distribution, and cost of sunflower seeds, which play a fundamental role in the development of resilient value chains: travel, import, and export restrictions due to lockdowns. Labor shortages for production and transportation and the shrinking market for plants and seeds had also created problems in the production of sunflower seeds for international trade. The production is expected to continue and remain stable due to the reduction of government restrictions such as travel, import, export restrictions, and trade bans. Businesses have started to pick up after taking all necessary preventive measures, such as regular temperature checks, the use of personal protective equipment, and limited staff.

Recent Developments:

• In 2021, Sunflower peptide was discovered as a future drug for treating stomach pain by an international study led by the MedUni Vienna's Institute of Pharmacology and the University of Queensland and Flinders University in Australia.

• In 2021, Syngenta partnered with Enko Corporation. This partnership is expected to improve and introduce new molecules and development techniques.