The global safflower oil market is projected to grow at a CAGR of 9.5% from 2021 to 2030. The increasing population is driving the growth of the market. The demand for safflower oil is driven by various factors such as improving quality of life, rising disposable incomes and increased spending on food items, which in turn contributes to an increase in meat consumption. Safflower oil provides a healthy alternative to animal fats which are known for their harmful effects on health because they promote obesity and cardiovascular diseases.
Polyunsaturated safflower oil dominates the global market by type and accounts for over two-thirds of the revenue share in 2018 with North America accounting for over 55% of this segment owing to its large production capacity of safflower cultivation coupled with its growing demand from consumers. Monounsaturated safflower oil has gained popularity due to its improved shelf life compared with polyunsaturated oils when exposed to light or heat, making it better suited for cooking purposes than polyunsaturates, but it still only accounts for nearly 10% share globally because there are certain regional variations that make usage patterns different such as in Asia Pacific where monounsaturates have been popularized because they have less trans-fatty acids than polyunsaturates do while Europe saw a strong preference towards monounsaturates due mainly to their being relatively healthier than polyunsaturates are when used as cooking oils or margarines for example. Safflowers can be grown throughout all geographies except Antarctica and Africa so there will be continued growth opportunity across all regions worldwide through 2030 barring any unforeseen circumstances affecting crop yields or limiting availability.
The global safflower oil market is highly competitive with the top three players accounting for over 40% share by revenue in 2018. The major players in this market are Cargill Inc, Bunge Ltd, and Riceland Foods, Inc These companies offer a wide range of products that have helped them maintain their lead position.
By type, the market has been segmented into polyunsaturated safflower oil and monounsaturated safflower oil. Polyunsaturated oils make up over two-thirds of the revenue share in 2018 and are projected to grow at a CAGR of 9.5% over the forecast period from 2021 to 2030 due to its wide range of applications such as in lubricants, paints, plastics and even food products such as margarine or mayonnaise for example.
On the basis of application, it has been segmented into edible oils and non-edible oils which include industrial purposes like lubricants or paints etcetera. In Europe there was also awareness about health risks associated with consuming animal fats while North America saw increased consumption particularly among consumers willing to pay premium prices for "all natural" foods without additives typically sold at farmers markets even though these crops come at much higher prices per pound compared with soybeans considered "traditional" staples used extensively throughout United States where cultivation first started around 1850 after crop was introduced from Americas during 16th century European exploration voyages sponsored by Spanish Crown then spreading along Atlantic Coastline down southwards through time eventually becoming.
Industry Growth Insights published a new data on “Safflower Oil Market”. The research report is titled “Safflower Oil Market research by Types (Monounsaturated Safflower Oil, Polyunsaturated Safflower Oil), By Applications (Cooking, Medical, Other), By Players/Companies Oilseeds International, Adams Group, Ciaberia International, Connoils, AG Industries, Kshrey Aromatics Private Limited, Honest Enterprises, Sri Venkatesh Aromas, Ekologie Forte Private Limited, Advanced Biofuel Center (ABC), R.K's Aroma Shopis, Mahamaya Herbs and Oils”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Safflower Oil Market Research Report
By Type
Monounsaturated Safflower Oil, Polyunsaturated Safflower Oil
By Application
Cooking, Medical, Other
By Companies
Oilseeds International, Adams Group, Ciaberia International, Connoils, AG Industries, Kshrey Aromatics Private Limited, Honest Enterprises, Sri Venkatesh Aromas, Ekologie Forte Private Limited, Advanced Biofuel Center (ABC), R.K's Aroma Shopis, Mahamaya Herbs and Oils
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Safflower Oil Market Report Segments:
The global Safflower Oil market is segmented on the basis of:
Types
Monounsaturated Safflower Oil, Polyunsaturated Safflower Oil
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cooking, Medical, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Oilseeds International
- Adams Group
- Ciaberia International
- Connoils
- AG Industries
- Kshrey Aromatics Private Limited
- Honest Enterprises
- Sri Venkatesh Aromas
- Ekologie Forte Private Limited
- Advanced Biofuel Center (ABC)
- R.K's Aroma Shopis
- Mahamaya Herbs and Oils
Highlights of The Safflower Oil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Monounsaturated Safflower Oil
- Polyunsaturated Safflower Oil
- By Application:
- Cooking
- Medical
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Safflower Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Safflower oil is a type of vegetable oil that is derived from the seeds of the safflower plant. It has a high smoke point, which means it can be used in cooking oils and fats without burning.
Some of the key players operating in the safflower oil market are Oilseeds International, Adams Group, Ciaberia International, Connoils, AG Industries, Kshrey Aromatics Private Limited, Honest Enterprises, Sri Venkatesh Aromas, Ekologie Forte Private Limited, Advanced Biofuel Center (ABC), R.K's Aroma Shopis, Mahamaya Herbs and Oils.
The safflower oil market is expected to grow at a compound annual growth rate of 9.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Safflower Oil Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Safflower Oil Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Safflower Oil Market - Supply Chain
4.5. Global Safflower Oil Market Forecast
4.5.1. Safflower Oil Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Safflower Oil Market Size (000 Units) and Y-o-Y Growth
4.5.3. Safflower Oil Market Absolute $ Opportunity
5. Global Safflower Oil Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Safflower Oil Market Size and Volume Forecast by Type
5.3.1. Monounsaturated Safflower Oil
5.3.2. Polyunsaturated Safflower Oil
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Safflower Oil Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Safflower Oil Market Size and Volume Forecast by Application
6.3.1. Cooking
6.3.2. Medical
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Safflower Oil Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Safflower Oil Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Safflower Oil Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Safflower Oil Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Safflower Oil Demand Share Forecast, 2019-2026
9. North America Safflower Oil Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Safflower Oil Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Safflower Oil Market Size and Volume Forecast by Application
9.4.1. Cooking
9.4.2. Medical
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Safflower Oil Market Size and Volume Forecast by Type
9.7.1. Monounsaturated Safflower Oil
9.7.2. Polyunsaturated Safflower Oil
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Safflower Oil Demand Share Forecast, 2019-2026
10. Latin America Safflower Oil Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Safflower Oil Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Safflower Oil Market Size and Volume Forecast by Application
10.4.1. Cooking
10.4.2. Medical
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Safflower Oil Market Size and Volume Forecast by Type
10.7.1. Monounsaturated Safflower Oil
10.7.2. Polyunsaturated Safflower Oil
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Safflower Oil Demand Share Forecast, 2019-2026
11. Europe Safflower Oil Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Safflower Oil Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Safflower Oil Market Size and Volume Forecast by Application
11.4.1. Cooking
11.4.2. Medical
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Safflower Oil Market Size and Volume Forecast by Type
11.7.1. Monounsaturated Safflower Oil
11.7.2. Polyunsaturated Safflower Oil
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Safflower Oil Demand Share, 2019-2026
12. Asia Pacific Safflower Oil Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Safflower Oil Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Safflower Oil Market Size and Volume Forecast by Application
12.4.1. Cooking
12.4.2. Medical
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Safflower Oil Market Size and Volume Forecast by Type
12.7.1. Monounsaturated Safflower Oil
12.7.2. Polyunsaturated Safflower Oil
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Safflower Oil Demand Share, 2019-2026
13. Middle East & Africa Safflower Oil Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Safflower Oil Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Safflower Oil Market Size and Volume Forecast by Application
13.4.1. Cooking
13.4.2. Medical
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Safflower Oil Market Size and Volume Forecast by Type
13.7.1. Monounsaturated Safflower Oil
13.7.2. Polyunsaturated Safflower Oil
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Safflower Oil Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Safflower Oil Market: Market Share Analysis
14.2. Safflower Oil Distributors and Customers
14.3. Safflower Oil Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Oilseeds International
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Adams Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Ciaberia International
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Connoils
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. AG Industries
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kshrey Aromatics Private Limited
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Honest Enterprises
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Sri Venkatesh Aromas
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Ekologie Forte Private Limited
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Advanced Biofuel Center (ABC)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. R.K's Aroma Shopis
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Mahamaya Herbs and Oils
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
