Sunflower Seed Market (Seed for Sowing) - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Sunflower Seed Market is segmented by type (open pollinated varieties and hybrids); A geographical market analysis covering the top 13 countries across the world has been included.

Market Snapshot

Study Period:

2016 - 2026

Base Year:

2020

Fastest Growing Market:

Africa

Largest Market:

Asia Pacific

CAGR:

7.1 %

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Market Overview

The Sunflower Seed Market is anticipated to grow at a CAGR of 7.1% during the forecast period (2020-2025).

  • The sunflower seed market (seed for sowing) has witnessed unprecedented vertical growth in recent years. The market for sunflower seed used for sowing purposes forms a small part of the sunflower seed commodity industry and accounts for only 2% of the market share.
  • Sunflower being an oilseed crop, maintenance of seed vigor and viability during storage pose severe problem. Hybrid seeds are thus gaining attraction as they can be stored up to 10 months provided the seeds are not infected by storage pests. Therefore, appropriate storing mechanism with controlled environmental conditions should be available to maintain the quality of seeds for longer period of time.
  • In spite of the prevalinig COVID-19 situations, the global consumption has seen an inclination towards healthy eating which has created a demand for sunflower oils as it is considered as healthy amomngn the edible oils. This change in consumption is anticipated to create a growth in demand for the crop which will further boost the market.

Scope of the Report

Global sunflower seeds market is segmented by type into open pollinated varieties and hybrids. The market is also fragmented into major regions such as North America, Europe, Asia-Pacific, South America and Middle East and Africa. The major sunflower seed companies are focusing on developing sunflower seeds, which have traits such as high oleic acid and high performance sunflower hybrid, tolerant to biotic stress, disease tolerant hybrid seeds, and tolerant to biotic stress.

Type
Open Pollinated Varieties
Hybrids
Geography
North America
United States
Canada
Rest of North America
Europe
Ukraine
Russia
Turkey
France
Germany
Rest of Europe
Asia - Pacific
Australia
China
India
Japan
Rest of Asia - Pacific
South America
Argentina
Brazil
Rest of South America
Middle East & Africa
South Africa
Rest of Middle East & Africa

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Key Market Trends

Increase in Area under Cultivation

The sunflower crop area has been increasing at a CAGR of 2.7% in the past five years and the area under sunflower is estimated to continuously increase in the forecasted period. The major factors for an increase in the crop area are increasing demand for sunflower crop in the European and Asia-Pacific region, increasing the demand for vegetable oil, high prices for sunflower crop, and low cost of sunflower seed. The growing applications of the sunflower seeds is also a reason leading to the growth in production of the crop. The increasing area of sunflower crop and increasing demand for vegetable oil is driving the growth the sunflower seed market for sowing purpose.

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Increasing Sunflower Seed Production in the European Region

Sunflower is grown on more than 11 million hectares in Europe and is used for food, feed, fuel, and industrial purposes. About 80% of the sunflower seeds production within the region is used for domestic consumption, out of which, 90% is used for crushing, while the rest is used for birds feed and confectionary making. Countries such as Italy, Portugal, Germany, Austria, Croatia, and the Czech Republic have experienced growth in sunflower plantings in the past few years. The demand for sunflower meal is expected to be lower than usual, owing to less crush and availability. However, the demand is still stable due to projected better competitiveness compared to the rapeseed meal. consumption of sunflower-based products. Thus, the market is anticipated to record a healthy growth over the forecast period, owing to the rising demand for sunflower oil and other sunflower-based processed foods.

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Competitive Landscape

Global sunflower seeds market is a fragmented market with the presence of various small and large players in the market. Advanta Seeds, Sakata, Syngenta, Corteva Agriscience, Groupe Limagrain etc. Companies are adopting strategies, such as forming joint ventures and agreements in order to exploit the current sunflower seed demand. Syngenta has acquired the 100% sunflower seed business unit of Monsanto hybrid sunflower seed activities, including all germplasm and the development and breeding activities of hybrid sunflower seeds. Syngenta also has acquired Sunfield In., a US based company. This acquisition helps in strengthening their supply chain capabilities and in expanding into new geographies. The sunflower seed market is highly consolidated.

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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 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Threat of Substitute Products

      4. 4.4.4 Threat of New Entrants

      5. 4.4.5 Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Open Pollinated Varieties

      2. 5.1.2 Hybrids

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Rest of North America

      2. 5.2.2 Europe

        1. 5.2.2.1 Ukraine

        2. 5.2.2.2 Russia

        3. 5.2.2.3 Turkey

        4. 5.2.2.4 France

        5. 5.2.2.5 Germany

        6. 5.2.2.6 Rest of Europe

      3. 5.2.3 Asia - Pacific

        1. 5.2.3.1 Australia

        2. 5.2.3.2 China

        3. 5.2.3.3 India

        4. 5.2.3.4 Japan

        5. 5.2.3.5 Rest of Asia - Pacific

      4. 5.2.4 South America

        1. 5.2.4.1 Argentina

        2. 5.2.4.2 Brazil

        3. 5.2.4.3 Rest of South America

      5. 5.2.5 Middle East & Africa

        1. 5.2.5.1 South Africa

        2. 5.2.5.2 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 UPL Limited

      2. 6.3.2 Sakata

      3. 6.3.3 ChemChina Corporation (Syngenta)

      4. 6.3.4 Corteva Agriscience

      5. 6.3.5 Groupe Limagrain

      6. 6.3.6 KWS AG

      7. 6.3.7 Takii & Co., Ltd.

      8. 6.3.8 Nuzivedu Seeds

      9. 6.3.9 Pannar Seeds

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  9. 8. IMPACT OF COVID-19 ON THE MARKET

** Subject to Availability

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