Global Sunflower Seeds Market: Overview
Sunflower seeds refer to the fruits of a sunflower plant. These seeds are considered quite healthy and are, as such, quite popular amongst the consumers. Sunflower seeds are utilized for the purpose of making of edible oils that are utilized in the making of several food items. There are many different flavors of sunflower seeds food items, some of which are such as sweet dill pickle kettle roast flavor, toasted coconut kettle roast flavor, fresh cracked pepper kettle roast flavor, salt and pepper flavor, dill pickle flavor, salty-sweet kettle roast flavor, and bacon ranch flavor. Availability of such wide variety of flavors together with growing preference of the seeds are expected to bolster growth of the global sunflower seeds market over the timeframe of analysis, from 2020 to 2030.
Sunflower seeds come with high feeding value and are rich sources of omega-6 fatty acid. A byproduct of sunflower seeds, hull, is very high in fiber and is utilized in the form of feed additive for animals like cow. In addition, with all the nutrient content, sunflower seeds have emerge as an on the go snack for the busy consumers in the last few years, which is likely to augur well for the global sunflower seeds market in the years to come.
Type and region are the two important parameters based on which the global sunflower seeds market has been classified.
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Global Sunflower Seeds Market: Notable Developments
One of the relevant and important developments of the market that gives a quick view of the dynamics pertaining to global sunflower seeds market is mentioned as below:
- In May 2017, China National Chemical Corporation (ChemChina) acquired Basel-based Syngenta AG. The latter is a leading producer of seeds and agrochemicals. With this acquisition, the ChemChina is expected expand the presence of the company in the region and diversify its product portfolio.
Some of the prominent organizations in the global sunflower seeds market comprise the below-mentioned:
- DuPont de Nemours, Inc
- Kenkko Corporation Ltd
- Conagra Brands, Inc.
- Mahyco Seeds Company Ltd.
- Martin US Enterprises, LLC
- Groupe Limagrain
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Global Sunflower Seeds Market: Key Trends
The global sunflower seeds market is characterized by the presence of the following restraints, drivers, and opportunities.
Demand for Healthy Snacks and Animal Food Additives to Support Market Grwoth
The global sunflower seeds market is likely to be influenced by the rising demand for quick, hassle-free ready-to-eat snack foods as people have less time for food preparation now. With an increase in the demand for use in the snack food industry, the scope of growth is estimated to widen for the global sunflower seeds market in the near future. Furthermore, a rise in the production of sunflower seeds, thanks to the availability of high quality seed varieties, the global sunflower seeds market is likely to observe expansion in the forthcoming years.
Increased availability of sunflower seeds in the retail and supermarket stores are contributing toward the rapidly growing popularity of varieties of sunflower seeds across the globe. There has been an increased concern for health and desire to live a healthy and fit life amongst the consumers. This health consciousness factor is likely to play an important role in the development of the global sunflower seeds market over the timeframe of analysis, from 2020 to 2030. In addition to human consumption, sunflower seeds are increasingly being utilized in the animal feed across the globe. With the growing the demand for animal feed for the increasing livestock population, the demand for sunflower seeds is expected to rise in the years to come.
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Global Sunflower Seeds Market: Geographical Analysis
The dominant regional force in the global sunflower seeds market is Europe and the region is trailed by Asia Pacific. There has been emerging trend toward the consumption of healthy snacks and rising health consciousness amongst the people in both Europe and Asia Pacific, which is likely to play an important role in driving the growth of the sunflower seeds market in the regions.
The world has undergone a major shift in the way of living since the COVID-19 pandemic struck. A notable change in the functioning of various businesses and sectors has influenced their working mechanisms extensively. The food and beverage sector is no stranger to this change. Transparency Market Research (TMR) has studied many aspects concerning the difference between the trends in the pre-pandemic and post-pandemic world across the food and beverage industry.
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