Global Safflower Oil Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Nature;

Organic and Conventional.

By Product Type;

High Oleic and High Linoleic.

By Sales Channel;

Direct Sales, Modern Trade, Convenience Stores, Specialty Stores and Online Stores.

By End Use;

Retail/Household, Foodservice, Food & Beverage Processing, Pharmaceuticals, Dietary Supplements, Cosmetics & Personal Care and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn350908932 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Safflower Oil Market (USD Million), 2020 - 2030

In the year 2023, the Global Safflower Oil Market was valued at USD 2,744.71 million. The size of this market is expected to increase to USD 3,798.18 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 4.8%.

The global safflower oil market has garnered considerable attention in recent years, propelled by the increasing consumer awareness of its health benefits and versatile culinary applications. Safflower oil, extracted from the seeds of the safflower plant, is renowned for its high smoke point, making it an ideal choice for cooking methods such as frying and baking. Additionally, safflower oil is rich in monounsaturated and polyunsaturated fats, including omega-6 fatty acids, which are associated with numerous health benefits such as supporting heart health and reducing inflammation.

One of the key drivers behind the growth of the global safflower oil market is the growing demand for healthier cooking oils as consumers become more health-conscious and seek alternatives to traditional oils like vegetable or canola oil. Safflower oil's reputation as a heart-healthy option, along with its neutral flavor profile, has contributed to its rising popularity among health-conscious consumers and culinary enthusiasts alike.

The global safflower oil market is witnessing expansion due to increasing adoption in various industrial applications, including cosmetics, pharmaceuticals, and personal care products. Safflower oil's moisturizing and nourishing properties make it a sought-after ingredient in skincare formulations, hair care products, and massage oils. Its light texture and non-comedogenic nature have also made it a favored choice for use in cosmetics and beauty products.

The global safflower oil market is experiencing robust growth driven by factors such as increasing consumer awareness of its health benefits, its versatility in culinary applications, and its expanding usage in various industrial sectors. As demand continues to rise, manufacturers are exploring innovative production methods and marketing strategies to capitalize on the growing opportunities presented by the safflower oil market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Nature
    2. Market Snapshot, By Product Type
    3. Market Snapshot, By End Use
    4. Market Snapshot, By Sales Channel
    5. Market Snapshot, By Region
  4. Global Safflower Oil Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Health Conscious Consumer Trends
        2. Rising Demand for Natural and Organic Products
        3. Expanding Application in Cosmetics and Personal Care
      2. Restraints
        1. Fluctuating Prices and Supply Constraints
        2. Competition from Alternative Cooking Oils
        3. Regulatory Constraints and Quality Standards
      3. Opportunities
        1. Emerging Markets and Product Diversification
        2. Investment in Research and Development
        3. Promotion of Sustainability and Traceability
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Compititive Rivalry
  5. Market Segmentation
    1. Global Safflower Oil Market, By Nature, 2020 - 2030 (USD Million)
      1. Organic
      2. Conventional
    2. Global Safflower Oil Market, By Product Type, 2020 - 2030 (USD Million)
      1. High Oleic
      2. High Linoleic
    3. Global Safflower Oil Market, By End Use, 2020 - 2030 (USD Million)
      1. Retail/Household
      2. Foodservice
      3. Food & Beverage Processing
      4. Pharmaceuticals
      5. Dietary Supplements
      6. Cosmetics & Personal Care
      7. Others
    4. Global Safflower Oil Market, By Sales Channel, 2020 - 2030 (USD Million)
      1. Direct Sales
      2. Modern Trade
      3. Convenience Stores
      4. Specialty Stores
      5. Online Stores
    5. Global Safflower Oil Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Marico Ltd.
      2. Gustav Heess Oleochemische Erzeugnisse GmbH
      3. SunOpta
      4. Connoils LLC
      5. Oilseeds International
      6. Ltd.
      7. Adams Group Inc.
      8. Centra Foods
      9. Henry Lamotte OILS GmbH
      10. Spectrum Organics Products
      11. LLC
      12. Moksha Lifestyle Products
      13. Mirada Medical Limited
      14. Victor & Summat General Trading
      15. Aryan International
      16. Austrade Inc.
      17. Stoney Creek Oil Products Pty Ltd
  7. Analyst Views
  8. Future Outlook of the Market

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