Sunflower Seeds Market

Global Sunflower Seeds Market Size (2024 to 2029)

The global sunflower seeds market size is expected to reach USD 1.25 billion in 2024 and reach USD 1.55 billion by 2029, growing at a CAGR of 4.4% during the forecast period from 2024 to 2029.

CURRENT SCENARIO OF THE GLOBAL SUNFLOWER SEEDS MARKET

The market for sunflower seeds has seen a direct growth that has not been seen in recent years. The sunflower seeds used for planting form a small portion of the sunflower goods industry and account for only 2% of the market share. The fruits of the sunflower plant are called sunflower seeds. Sunflower seeds are considered the most popular and healthy seeds produced on a large scale in European countries such as Russia, Ukraine, and the European Union. The sunflower seed coat is surrounded by a small grain containing 20% ​​protein and 30% lipids. Sunflower seeds are used to produce edible oils that are used in various food products. Sunflower seed products are available in multiple flavors such as dill pickle flavor, bacon ranch, salt and pepper, salty-sweet-roasted flavors, freshly roasted toast, and roasted dill pickle kettle to taste, taste. Sunflower seeds are packaged and sold as sour cream, barbecue, or ranch. Sunflower seeds are available in a variety of sizes around the world. Sunflower seeds contain a high amount of nutrients and are rich in omega-6 fatty acids. Sunflower byproduct hull seeds contain high fiber and are used as a supplement to feed cattle. Sunflower seeds in the snack industry have developed rapidly as a snack option in recent years.

However, hybrid seeds get stuck as they can be stored for up to ten months as long as the seeds are not infected with insect repellent. Therefore a storage method with controlled environmental conditions should be available to maintain seed quality for a long time.                                 

Market Drivers:

The sunflower seeds market should show significant growth over a set period. A critical factor in the sunflower seeds market is the growing popularity of ready-to-eat and baked foods. The number of supermarkets and retail outlets that supply sunflower seeds of various flavors has increased worldwide. The sunflower seeds comprise of excellent fiber source and is used in different animal feed products.

Therefore it is a possibility that the sunflower seeds market will grow in the coming years. The sunflower seeds market was linked to a lower rate of cardiovascular disease, high cholesterol, and high blood pressure. In addition, sunflower seeds consist of massive amounts of vitamins and minerals, which help support the immune system and raise the ability to curb viruses. 

As the number of supermarkets and sales points increase, demand for different sunflower seeds is growing worldwide. As a result, companies are focused on providing nutritious products. 

Market Restraints:

Sunflower seeds are high in saturated fats, leading to unwanted weight gain, which is expected to slow the growth of the world's sunflower seeds market throughout the season. Since sunflower seeds are an oil-intensive plant, seed retention and energy efficiency during storage present significant problems, hampering the market growth. 

Impact of COVID-19 on Sunflower seeds market:

The coronavirus outbreak has created a significant economic crisis and caused major changes in the supply chain. Despite the existing COVID-19, global consumption has seen a trend in healthy eating, which has necessitated sunflower oil as it is considered healthy among edible fats. Infection and isolation methods have also hindered the normal flow of services connected to a particular asset. However, several farmers have continued to focus on planting sunflower crops in recent months, mainly to increase morale during the epidemic. In 2020, a Wisconsin farmer, Scott Thompson, announced his intention to produce more than two million sunflowers on 22 hectares of land in more than 15 locations. Efforts such as this one, too, could help improve sunflower seeds market entry in the coming years.

In India, Tamil Nadu Agricultural University also introduced the latest varieties of sunflower seeds in 2021 to supply the growing demand for sunflower oil and exports to Ukraine, Argentina, and Russia. This release of sunflower seeds from oil production and the gradual relaxation of COVID-19 limits could help producers in the sunflower seeds market regain their share in the coming years.

REPORT COVERAGE:

SEGMENTAL ANALYSIS

Global Sunflower Seeds Market By Type:

Based on type, the oilseeds segment is anticipated to have the most significant global sunflower seeds market share. The oilseed seeds are grown mainly for the production of edible oils. India is one of the largest growers in the oil industry and an importer of edible oil. Oilseed plants are planted to extract oil, which is contained in their seeds. The oil contains oil-separated plants ranging from 20% soybean to 40% sunflower. 

Global Sunflower Seeds Market By Application:

The application edible oil segment is expected to dominate the global sunflower seeds market and is the fifth largest producer of edible vegetable oils globally. Worldwide oil and food production has increased over the past few years with estimated seed production. High oleic oil is thought to provide specific health benefits. However, sunflower oil has been shown to emit toxic compounds when heated to high temperatures over time. The smoke contains toxic substances called aldehydes that can increase the risk of cancer. Deep frying produces more aldehydes, but sunflower oil has more aldehydes than other oils besides cooking.

Global Sunflower Seeds Market By Distribution Channel:

Depending on the distribution channel, the supermarket segment tends to have a significant market share. The supermarket is a self-service store that offers a variety of food, beverages, and household products, organized into categories. This type of store is more significant and has a broader selection than the previous grocery stores but is smaller and limited in sale distance than a hypermarket or large box market. 

REGIONAL ANALYSIS

Europe owns the leading region in the global sunflower seeds market. As a result, the market in Europe is expected to contribute to the highest revenue share and fastest growth in the worldwide sunflower market. According to the FAO, sunflowers are grown on 19.30 hectares in Europe and are used for food, feed, fuel, and industrial purposes.

The demand for sunflower food is expected to be lower than usual due to minor crushing and availability. However, demand is still stable due to better competition considered compared to rape diets. Therefore the market is expected to record healthy growth in the forecast period due to the growing demand for sunflower oil and other processed sunflower-based foods.

Competitive Landscape:

The sunflower seeds market is a segregated market where various players, small and large, are in the market. Advanta Seeds, Sakata, Syngenta, Corteva Agriscience, Groupe Limagrain are some of the players working in the market. Companies are adopting strategies, such as building joint ventures and contracts to address the current demand for sunflower seeds. 

KEY PLAYERS IN THE GLOBAL SUNFLOWER SEED MARKET

Companies are anticipated to devise strategies to gain a competitive advantage in the worldwide sunflower seeds market by 2026. Some of the key players identified throughout the sunflower seeds market value chain include: Advanta Seeds, Groupe Limagrain, Syngenta AG, Nuziveedu Seeds, Pannar Seeds, KENKKO CORPORATION, CONAGRA FOODS INC, Dupont, GIANT Snacks Inc, Sakata seeds America, American Meadows, Mahyco seeds company Ltd., Nuseedsetc. 

RECENT HAPPENINGS IN THE GLOBAL SUNFLOWER SEEDS MARKET:

On August 17th, 2020, Syngenta Seeds announced that it had completed the acquisition of Senako, a South African company specializing in grain. Sanako is a leading seeds company that holds the position of a strong wheat market in South Africa with increased sales in Namibia, Zambia, and Lesotho. Moreover, the acquisition will lay the foundation for growth and help accelerate the entry of Syngenta seeds into the South African seeds market for wheat, maize, and sunflower. 

Corteva Agriscience, on April 19th, 2021, declared that it would invest USD 13 million to enlarge its production in Romania to increase the sunflower seeds business, mainly in Europe.

DETAILED SEGMENTATION OF THE GLOBAL SUNFLOWER SEED MARKET INCLUDED IN THIS REPORT

This research report on the global sunflower seed market is segmented and sub-segmented based on Type, Application, Distribution channel and Region.

By Type

• Oilseed
• Non-Oilseed 

By Application

• Edible oil
• Bakery Products
• Confectionary 

By Distribution Channel

• Supermarkets
• Online Stores
• Retail Stores 

By Region

• North America 
• Europe 
• Asia Pacific 
• Latin America 
• Middle East and Africa