The fruit of the sunflower plant is sunflower seeds. Sunflower seeds are quite popular among customers because of their high nutritious content. They produce edible oils throughout the manufacturing process, which is used in a wide variety of food products. The market is filled with a wide variety of sunflower seed food products. Some of the flavours available are bacon ranch, sweet dill pickle kettle roast, salt and pepper, fresh cracked pepper, salty-sweet, and toasted coconut.
According to SPER market research, ‘Sunflower Seeds Market Size- By Type, By Colour, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Sunflower Seeds Market is predicted to reach USD 3.45 Billion by 2033 with a CAGR of 4.82%.
Driver:
The global market for sunflower seeds is being driven by the increasing demand for convenient and ready-to-eat foods. The sunflower seed industry is driven by improved seed varieties because they boost sunflower seed output and snack business potential.
A wide variety of sunflower seed varieties are becoming more and more necessary as supermarkets and other retail outlets proliferate worldwide. The ease of accessibility of healthful items is emphasized by manufacturers.
The availability of sunflower seeds, which are a high source of fiber, has caused a significant increase in the demand for cattle-based animal feed products worldwide.
Challenges:
One of the primary factors preventing the sunflower seed sector from growing is the strict enforcement of food safety regulations. In response to the increased global awareness of foodborne illnesses and contamination issues, regulatory bodies have strengthened their regulations to guarantee the safety of food products consumed by the general public. The sunflower seed business is facing numerous challenges as a result of these strict requirements.
Furthermore, it is anticipated that the global market for sunflower seeds will grow more slowly throughout the season due to the high saturated fat content of the seeds, which could result in unintentional weight gain. Due to the oil-intensive nature of sunflower seeds, problems with seed retention and energy efficiency during storage impede the market's growth.
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Impact of COVID-19 on Sunflower Seeds Market
Despite the COVID-19 pandemic, there is still a growing demand for sunflower oils, which are among the safest edible oils. Global consumption has seen a shift in favour of healthier food. This led to an increase in the price of seed as well as the area utilized for sunflower production. The market for sowing seeds, or sunflower seeds, has grown tremendously over the last several years. The oilseed state of sunflower makes it very difficult to maintain seed viability and vigor during storage, which is impeding the market's expansion.
Furthermore, In the world market for sunflower seeds, Europe is the dominant region. Therefore, it is anticipated that in the global sunflower market, the European market will have the largest revenue share and the fastest growth.
Sunflower Seeds Market key players
Additionally, some of the market key players are Limagrain UK Ltd., AmericanMeadows, Ike Enterprises Inc., Martin US Enterprises, LLC, CONAGRA FOODS, INC.
Sunflower Seeds Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecast for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Type: Based on the Type, Global Sunflower Seeds Market is segmented as; Oilseed, Non-Oilseed.
By Color: Based on the Color, Global Sunflower Seeds Market is segmented as; Black, Green, White, Claret Red, Bright Yellow.
By Appplication: Based on the Appplication, Global Sunflower Seeds Market is segmented as; Bakery Products, Confectionary, Edible Oil, Snacks
By Region: This report also provides the data for key regional segments of North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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