December 23, 2021
According to the research report titled ‘Global Sunflower Seed Market Size study, by Type (Open Pollinated, Hybrids) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global sunflower seed market is anticipated to garner sizeable returns by the year 2027.
Report findings suggest that the global sunflower seed market expansion is attributed to significant technological advancements through research & development in this field, as well as rising demand for the product in the healthcare and food industries. According to FAOSTAT, total sunflower harvested land increased from 26.84 million hectares in 2017 to 27.37 million hectares in 2019.
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For the uninitiated, sunflower seeds are largely utilized in health-conscious diet, including use in sunflower oil and sunflower-based processed foods. Growing public awareness about the benefits of a healthy diet, as well as increased popularity of sunflower seed products will propel the industry forward over the forecast period.
However, the market growth would be hampered over the projection period of 2021-2027 by a lack of seed storage space, and inability to provide protection from the outside environment.
On the basis of type, worldwide sunflower seed market is divided into hybrids, and open pollinated. The study includes information on each segment's industry share, as well as their growth rate and revenue contribution throughout the forecast period.
Considering the regional landscape, the market trends across North America, Asia Pacific, Europe, Latin America, and rest of the world are comprehensively studied to reveal lucrative opportunities. As per the estimates, Europe owns a significant market share at present, due to increasing demand for sunflower oil. On the other hand, Asia-Pacific is anticipated to register a strong growth rate during the forecast period, attributed to consumer preference for healthy & nutrient-rich diet in the region.
The key players in global sunflower seed marketplace are Pannar Seed Pty Ltd., Nuziveedu Seeds Ltd., Takii & Co. Ltd., KWS SAAT SE & Co. KGaA, Groupe Limagrain Holding S.A., Corteva, Inc., China National Chemical Corporation Limited (ChemChina), Sakata Seed America, Inc., UPL Limited (United Phosphorus Limited), and Syngenta Group. These colossuses are focusing on research & development efforts to develop and introduce innovative products to expand their consumer base and amplify the returns.