Safflower Seeds Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The global safflower market is segmented by geography. The report includes production, consumption, and trade analysis of the top safflower markets across the world.

Market Snapshot

Market Snapshot
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: North America
Largest Market: Middle-East and Africa
CAGR: 5.7 %

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Market Overview

The safflower seeds market is projected to reach a CAGR of 5.7% over the forecast period (2020-2025). The global safflower oil consumption is growing rapidly, mainly as a result of the rising health consciousness among consumers across the world. Safflower oil is a popular cooking oil that comes from the seeds of the safflower plant. According to the Food and Agriculture Organization (FAO), Kazakhstan, India, the United States of America, Mexico, Argentina, and Australia are the primary producers of safflower seed mainly for oil extraction rotational crops along with rice, wheat, and corn. According to FAO, Kazakhstan produced safflower seeds of 214149 tonnes in 2018 up from 167243 tonnes in 2016. Safflower seed production in Kazakhstan exceeded the figures recorded by the second-largest producer, the U.S. (107220 tonnes, 2018), threefold. California is the primary producer of safflower seeds in the united states, accounting for 50% of the production. · Safflower seed is a drought-tolerant oilseed, with Lower production inputs, easy adaptability to various soil types, effective in crop rotation, effective weed and disease controller, Lower risk of production, ease of harvesting and storage are some of the factors driving the demand for safflower seed across the globe.

Scope of the Report

Safflower seeds are fruits of the safflower plant, which are produced majorly in the Middle Eastern and North American countries. There are two main types of safflower, one type of safflower produces seeds that are high in monounsaturated fatty acid, while the other produces seeds that are high in polyunsaturated fatty acid. The report covers safflower seeds (Carthamus tinctorius) production, consumption, trade, and price trend analysis. 

Geography
North America
United States
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis by Volume & Value
Export Market Analysis by Volume & Value
Price Trend Analysis
Mexico
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis by Volume & Value
Export Market Analysis by Volume & Value
Price Trend Analysis
Europe
Russia
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis by Volume & Value
Export Market Analysis by Volume & Value
Price Trend Analysis
Spain
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis by Volume & Value
Export Market Analysis by Volume & Value
Price Trend Analysis
Asia Pacific
China
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis by Volume & Value
Export Market Analysis by Volume & Value
Price Trend Analysis
India
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis by Volume & Value
Export Market Analysis by Volume & Value
Price Trend Analysis
Australia
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis by Volume & Value
Export Market Analysis by Volume & Value
Price Trend Analysis
South America
Argentina
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis by Volume & Value
Export Market Analysis by Volume & Value
Price Trend Analysis
Middle East & Africa
Turkey
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis by Volume & Value
Export Market Analysis by Volume & Value
Price Trend Analysis
Tanzania
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis by Volume & Value
Export Market Analysis by Volume & Value
Price Trend Analysis
Kazakhstan
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis by Volume & Value
Export Market Analysis by Volume & Value
Price Trend Analysis
Kyrgyzstan
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis by Volume & Value
Export Market Analysis by Volume & Value
Price Trend Analysis
Iran
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis by Volume & Value
Export Market Analysis by Volume & Value
Price Trend Analysis
Ethiopia
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis by Volume & Value
Export Market Analysis by Volume & Value
Price Trend Analysis

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Key Market Trends

Increased Commercialization of Safflower oil and By Products

According to the Agricultural Marketing Resource Centre (AgMRC), the safflower oil, which is a monounsaturated and polyunsaturated state is used in infant formulas, cosmetics, and salad and cooking oils. Both types of oil are considered “high-quality” edible oil, and public awareness about its health benefits have made safflower an essential crop for vegetable oil. The oil in linoleic safflower contains nearly 75 % linoleic acid and is used primarily for edible oil products such as salad oils and soft margarine. Safflower meal, by-product after the oil extraction is about 24% protein and is high in fiber and is used as a protein supplement for livestock and poultry feed. A recent innovation in the oil extraction process using supercritical CO2 tends to provide superior oil quality compared to the traditionally extracted oil. In the year 2020, under the Crop Biofactories Initiative, the company has developed the Super High Oleic safflower oil with the help of CSIRO's gene silencing technology that has resulted in SHO which has over 92% oleic acid. With the minimal safflower seed production in the country, the Australian companies have developed one of the superior quality oil of all the other plant kind which has shown a considerable demand for the safflower seed in the Australian Market.

Global Safflower Seeds Market

Russia Leads Export of Safflower Seeds

Russia is a significant producer of safflower seeds alongside being the leading exporter of the same. According to ITC Trade Map, in 2019, the country exported safflower seeds worth USD 16.3 million with 52,539 tons. Some of the major exporting countries are Turkey, Belgium, Poland, Netherlands, and others. In 2019, safflower culture is grown on the territory of the Russian Federation mainly in the Southern Federal District, the Volga Federal District and the Republic of Kalmykia. In 2018, The national project "Export of Agricultural Products" the Russian Federation government consolidated the oil and fat industry (to which safflower also belongs) as one of the key factors for the growth of total trade turnover until 2024. As part of this project, there is planned to be an almost triple increase in oil and fat products exports until 2024. Safflower seeds are a popular crop in the region and are mainly used for safflower oil extraction, in addition to being used for bird food and also in cosmetics. Benefits of safflower oil such as reduction of cholesterol levels, management of blood sugar, aiding in weight loss, improving hair, and skin health contribute to its growing popularity, which in turn is aiding exports from the region.

Global Safflower Seeds Market Size by Region

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Value Chain Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Geography

      1. 5.1.1 North America

        1. 5.1.1.1 United States

          1. 5.1.1.1.1 Production Analysis

          2. 5.1.1.1.2 Consumption Analysis and Market Value

          3. 5.1.1.1.3 Import Market Analysis by Volume & Value

          4. 5.1.1.1.4 Export Market Analysis by Volume & Value

          5. 5.1.1.1.5 Price Trend Analysis

        2. 5.1.1.2 Mexico

          1. 5.1.1.2.1 Production Analysis

          2. 5.1.1.2.2 Consumption Analysis and Market Value

          3. 5.1.1.2.3 Import Market Analysis by Volume & Value

          4. 5.1.1.2.4 Export Market Analysis by Volume & Value

          5. 5.1.1.2.5 Price Trend Analysis

      2. 5.1.2 Europe

        1. 5.1.2.1 Russia

          1. 5.1.2.1.1 Production Analysis

          2. 5.1.2.1.2 Consumption Analysis and Market Value

          3. 5.1.2.1.3 Import Market Analysis by Volume & Value

          4. 5.1.2.1.4 Export Market Analysis by Volume & Value

          5. 5.1.2.1.5 Price Trend Analysis

        2. 5.1.2.2 Spain

          1. 5.1.2.2.1 Production Analysis

          2. 5.1.2.2.2 Consumption Analysis and Market Value

          3. 5.1.2.2.3 Import Market Analysis by Volume & Value

          4. 5.1.2.2.4 Export Market Analysis by Volume & Value

          5. 5.1.2.2.5 Price Trend Analysis

      3. 5.1.3 Asia Pacific

        1. 5.1.3.1 China

          1. 5.1.3.1.1 Production Analysis

          2. 5.1.3.1.2 Consumption Analysis and Market Value

          3. 5.1.3.1.3 Import Market Analysis by Volume & Value

          4. 5.1.3.1.4 Export Market Analysis by Volume & Value

          5. 5.1.3.1.5 Price Trend Analysis

        2. 5.1.3.2 India

          1. 5.1.3.2.1 Production Analysis

          2. 5.1.3.2.2 Consumption Analysis and Market Value

          3. 5.1.3.2.3 Import Market Analysis by Volume & Value

          4. 5.1.3.2.4 Export Market Analysis by Volume & Value

          5. 5.1.3.2.5 Price Trend Analysis

        3. 5.1.3.3 Australia

          1. 5.1.3.3.1 Production Analysis

          2. 5.1.3.3.2 Consumption Analysis and Market Value

          3. 5.1.3.3.3 Import Market Analysis by Volume & Value

          4. 5.1.3.3.4 Export Market Analysis by Volume & Value

          5. 5.1.3.3.5 Price Trend Analysis

      4. 5.1.4 South America

        1. 5.1.4.1 Argentina

          1. 5.1.4.1.1 Production Analysis

          2. 5.1.4.1.2 Consumption Analysis and Market Value

          3. 5.1.4.1.3 Import Market Analysis by Volume & Value

          4. 5.1.4.1.4 Export Market Analysis by Volume & Value

          5. 5.1.4.1.5 Price Trend Analysis

      5. 5.1.5 Middle East & Africa

        1. 5.1.5.1 Turkey

          1. 5.1.5.1.1 Production Analysis

          2. 5.1.5.1.2 Consumption Analysis and Market Value

          3. 5.1.5.1.3 Import Market Analysis by Volume & Value

          4. 5.1.5.1.4 Export Market Analysis by Volume & Value

          5. 5.1.5.1.5 Price Trend Analysis

        2. 5.1.5.2 Tanzania

          1. 5.1.5.2.1 Production Analysis

          2. 5.1.5.2.2 Consumption Analysis and Market Value

          3. 5.1.5.2.3 Import Market Analysis by Volume & Value

          4. 5.1.5.2.4 Export Market Analysis by Volume & Value

          5. 5.1.5.2.5 Price Trend Analysis

        3. 5.1.5.3 Kazakhstan

          1. 5.1.5.3.1 Production Analysis

          2. 5.1.5.3.2 Consumption Analysis and Market Value

          3. 5.1.5.3.3 Import Market Analysis by Volume & Value

          4. 5.1.5.3.4 Export Market Analysis by Volume & Value

          5. 5.1.5.3.5 Price Trend Analysis

        4. 5.1.5.4 Kyrgyzstan

          1. 5.1.5.4.1 Production Analysis

          2. 5.1.5.4.2 Consumption Analysis and Market Value

          3. 5.1.5.4.3 Import Market Analysis by Volume & Value

          4. 5.1.5.4.4 Export Market Analysis by Volume & Value

          5. 5.1.5.4.5 Price Trend Analysis

        5. 5.1.5.5 Iran

          1. 5.1.5.5.1 Production Analysis

          2. 5.1.5.5.2 Consumption Analysis and Market Value

          3. 5.1.5.5.3 Import Market Analysis by Volume & Value

          4. 5.1.5.5.4 Export Market Analysis by Volume & Value

          5. 5.1.5.5.5 Price Trend Analysis

        6. 5.1.5.6 Ethiopia

          1. 5.1.5.6.1 Production Analysis

          2. 5.1.5.6.2 Consumption Analysis and Market Value

          3. 5.1.5.6.3 Import Market Analysis by Volume & Value

          4. 5.1.5.6.4 Export Market Analysis by Volume & Value

          5. 5.1.5.6.5 Price Trend Analysis

  6. 6. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The Safflower Seeds Market market is studied from 2016 - 2026.

The Safflower Seeds Market is growing at a CAGR of 5.7% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

Middle-East and Africa holds highest share in 2020.

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