Sunflower Seeds Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Global Sunflower Seeds Market is segmented By Type (Oilseed, Non-Oilseed) By Color (Black, Green, White, Claret Red, Bright Yellow) By Application (Edible Oil, Snacks, Confectionary, Bakery Products, Others) and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Market Overview

Global Sunflower Seeds Market reached US$ 3.21 billion in 2023 and is expected to reach US$ 5.27 billion by 2031, growing with a CAGR of 6.4% during the forecast period 2024-2031.

The global sunflower seeds market has witnessed significant growth and transformations over the years, Consumers are increasingly embracing products derived from sunflower seeds due to their role as excellent sources of protein, antioxidants, and essential nutrients such as vitamin E and vitamin B1. Moreover, these products are recognized for their ability to reduce LDL levels, thereby contributing to improved heart health. Hence, such factors can help in driving the global sunflower seeds market.

Furthermore, as the demand for sunflower seeds is increasing, government agencies provide support for farmers, for instance, in April 2023, The Food and Agriculture Organization of the United Nations provided a State Agrarian Registry (SAR) program to financially support of the Government of Japan, which is implementing a program for the provision of maize and sunflower seeds to support small farms and other agricultural producers during the spring season 2023.

The snack based on sunflower seeds segment accounts for the largest share, similarly, the European region dominates the global sunflower seeds market, as the manufacturing companies in this region are strategically planning and investing in the development of sunflower seed production. Hence, it can help in increasing the global sunflower seeds market.

Market Scope

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Market Dynamics

Rising Awareness Of Nutritional Benefits Associated With Sunflower Seeds

Consumers are highly adopting these sunflower seeds in a wide range of products, as they offer numerous health benefits, they contain healthy fats like linoleic acid that are essential for heart health and reducing inflammation, and also they excellent source of plant-based protein, and fiber content. Hence, such benefits can help in driving the global sunflower seeds market.

Furthermore, the demand for sunflower production is increasing, for instance, according to an FAO report, the production of sunflowers worldwide in 2022 was 54,285,949 metric tonnes, hence, such a high production rate of sunflower can help increase the adoption rate of sunflower seeds in various applications.

Rising Demand For Plant-Based Diets

The trend for plant-based diets is increasing, which significantly helps in increasing the sunflower seeds in various applications such as snacks, meat alternatives, and others, as they provide an excellent source of protein and essential nutrients. Hence, such numerous benefits associated with sunflower seeds help in driving the global sunflower seeds market.

Furthermore, many manufacturers are producing innovative varieties of sunflower-based products, for instance, in December 2020, Beyond the Equator, launched the product Sunflower Seed Flour. It is an excellent flour substitute, created by milling high-grade sunflower seeds to create a clean and nutritious gluten-free flour. Sunflower seed flour is much higher in protein and lower in carbs than traditional gluten-free flour such as rice flour. Sunflower Seed Flour can replace up to 50% of a flour mix and 100% of a nut or seed flour. Hence, such products can help in driving the market.

Allergic Reactions

Allergic reactions can significantly hamper the growth of the global sunflower seeds market, although sunflower seeds offer numerous health benefits, essential nutrients, and others, they can cause allergic reactions to some individuals who are allergic to seeds which can limits the market for certain products.

Segment Analysis

The global sunflower seeds market is segmented based on type, color, application, and region.

Increase in Demand for Sunflower-based Snacks

The sunflower-based snack varieties of sunflower seeds are segmented the maximum share in the global sunflower seeds market. Consumers are highly adopting sunflower-based snacks as they are good sources of plant-based protein, rich in fiber, and also offer essential nutrients. Also, they offer a convenient and tasty option, also they help in lowering the LDL cholesterol level. Hence, such factors can help in increasing the market growth.

Furthermore, Companies are introducing creative and novel products derived from sunflower seeds. For instance, in September 2022, Galil Brands launched a new line of Ultra Premium Sunflower Seeds under the new Sunnys brand. Sunnys sunflower seeds differ from other brands in their Jumbo size and special roast that brings out a truly delicious flavor. The seeds are gluten-free, vegan, non-GMO, keto-friendly, and kosher and have no added preservatives. Hence, such products can help in increasing the adoption rate.

Geographical Penetration

Manufacturing Companies Initiatives

Europe has been a dominant force in the global sunflower seeds market and its significance has only grown in the post-2020 era. Consumers in this region are adopting sunflower seed products as part of their diets as they offer numerous health benefits and also provide plant-based protein which helps increase the adoption of sunflower seeds in wide varieties.

Furthermore, manufacturing companies in this region are strategically planning to expand the market, for instance, in May 2022, Corteva Agriscience is accelerating the growth of its sunflower seed business in Europe, with the completion of an additional €14m of investment in the Afumati production facility in Romania. it produces advanced corn and sunflower Pioneer seeds for customers all over Europe. The investment will help to meet growing domestic and international demand from farmers for high-quality sunflower seeds.

Competitive Landscape

The major global players in the market include Archer Daniels Midland Company, Kernel Holding S.A., Conagra Brands, Inc., SunOpta Inc., Agrofert Holding,a.s., Cargill, Incorporated, National Sunflower Association, Olam international, BIoriginal Food & Science Corp., and Dakota Growers Pasta Company,Inc.

COVID-19 Impact Analysis

The pandemic has brought a disruption in the supply chain, import, and export rates of the products, and production of a variety of products as many manufacturing companies are shut down due to government lockdown restrictions which have shown an impact the availability of products in the market and also effected the adoption rate, hence, it had caused a declination in the growth of global sunflower seeds market.

Key Developments

• In November 2023, ADA and the impact fund manager Innpact S.A. are joining forces to launch Sunflower Seeds asbl, a non-profit organisation which promotes female entrepreneurship and personal development through financial support and mentorship.
• In December 2023, Ruseed, Bio-Ton, Efko Seed Production, the VNIIMK federal research center and the South Ural State Agrarian University have signed an agreement on a scientific and production partnership under which they plan to develop 15 new high-yield sunflower hybrids with greater biological efficiency.
• In January 2021, India’s Tamil Nadu Agricultural University (TNAU) has developed a high-yielding sunflower hybrid variety, which is The COH3 sunflower variety has a 42% oil content and could yield 716kg/ha, which is 200-250kg higher than traditional varieties, which can be grown in rain-fed areas and is moderately disease resistant.

Why Purchase the Report?

• To visualize the global sunflower seeds market segmentation based on type, color, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of sunflower seeds market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global sunflower seeds market report would provide approximately 62 tables, 55 figures and 210 Pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies