Sunflower Seeds Market: Size, Growth And Market Analysis

Sunflower Seeds:

The sunflower seed is the fruit of the sunflower. Sunflower seeds come in three varieties: linoleic, high oleic, and sunflower oil seeds. Monounsaturated, saturated, and polyunsaturated fats are all different in each kind. They're high in beneficial plant components, healthy fats, and vitamins and minerals. These nutrients may help to lower your chance of developing major health concerns including heart disease and type 2 diabetes.

Market Analysis:

During the forecast period, the Sunflower Seeds Market is expected to increase at a CAGR of 4.4 percent (2021-2026). Despite the current COVID-19 situation, world consumption has shown a trend toward healthy eating, resulting in a demand for sunflower oils, which is regarded as one of the healthiest edible oils. As a result, there was an increase in the area under sunflower production as well as a rise in the price of sowing seeds. In recent years, the sunflower seeds market (sowing seed) has shown extraordinary vertical growth.

Because sunflower is an oilseed crop, maintaining seed vigor and viability throughout storage is a major challenge. This is marginally impeding the market's expansion. Therefore, Hybrid seeds, are gaining popularity since they may be stored for up to ten months if they are not affected by storage pests. As a result, a suitable storage mechanism with regulated environmental conditions should be provided to keep seed quality for a longer period of time.

In recent years, the market (sowing seed) has shown extraordinary vertical growth. The sunflower seeds market for sowing purposes is a small segment of the sunflower seed commodity business, accounting for about 2% of the total market.

The major sunflower seed firms are concentrating their efforts on generating sunflower seeds with features including high oleic acid and high-performance sunflower hybrids, biotic stress tolerance, disease tolerant hybrid seeds, and biotic stress tolerance.

According to the FAO, sunflower crop production climbed by 3.92 percent globally from 2016 to 2019, and it is expected to continue to rise in the anticipated period. Increased demand for sunflower crops in Europe and Asia-Pacific, increased demand for vegetable oil, high pricing for sunflower crops, and low cost of sunflower seed are the primary factors driving a rise in crop area. The increasing use of sunflower seeds is another factor contributing to the crop's increased output.

Market Players:

The global sunflower seeds market is a fragmented one, with a number of small and major firms competing for market share. Some of the market's players are Advanta Seeds, Sakata, Syngenta, Corteva Agriscience, and Groupe Limagrain. Companies are developing joint ventures and agreements in order to take advantage of the current sunflower seed demand.