High Oleic Safflower Oil Market Research Report By Current & Future Trends And Industry Forecast To 2027

High Oleic Safflower Oil Market Industry Forecast To 2027
The global High Oleic Safflower Oil Market is expected to reach USD 158.6 Million by 2027, according to a new report by Reports and Data. The growth of the market is attributed to the growing demand for high oleic safflower oil from end-use applications.
High oleic safflower finds widespread application in several food products for healthy substitutes to hydrogenated oils. High oleic safflower oil, naturally occurring vegetable oil, has a prolonged shelf life without chemically modifying the original oil. A pleasant flavor and aroma makes high oleic safflower oil very suitable for an extensive range of food applications, including liquid flavor dispersant, spray oil for dried fruits, and dietary supplements, aswell as it finds usage in infant formulas. High amount of oleic acid in the safflower oil offer stability, which is commonly present hydrogenated oils, along with oils with additional antioxidants.

This is the only report that is inclusive of the current effect of the coronavirus on the market and its forecasted trend. The coronavirus has impacted all sectors of the world economy, and its impacts on the High Oleic Safflower Oil market are elucidated in-depth in this report.

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Key participants include Gustav Heess Oleochemische Erzeugnisse GmbH, Marico Limited, SunOpta, Connoils LLC, Oilseeds International Limited, Adams Group Inc., Henry Lamotte Oils GmbH, Spectrum Organic Products LLC, Victor & Summat general Trading, and Austrade Inc., among others.

For the purpose of this report, Reports and Data have segmented the global high oleic safflower oil market on the basis of nature, distribution channel, application, and region:
Nature Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
• Organic
• Conventional
Distribution Channel Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
• Online
• Offline
Application Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
• Food
• Dietary Supplements
• Personal Care
• Others

Growing demand for high oleic safflower oil in personal care products is driving the growth of the market. This high content of oleic acid makes it a highly stable oil for numerous personal care applications. It finds usage as an emollient in a wide variety of skincare products. Moreover, owing to its fatty acid composition, it has exceptional occlusive features, allowing it to function as a moisturizing agent by averting excessive loss of moisture through the skin epidermis..

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The regions that have been included in the study are:
Regional Analysis:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Further key findings from the report suggest
• By nature, conventional oil contributed to a substantial market share in 2018 and is expected to grow at a faster rate in the forecast period.
• By distribution channel, offline distribution held a larger market share in 2018 and is likely to have a CAGR of 4.4% in the forecast period. Offline channel is the most preferred channel for distribution as it includes the opportunity for customers to create personal connections with business, which is beneficial in building loyalty.
• By application, dietary supplements are expected to witness a growth rate of 6.3% in the period 2019-2027, owing to the presence of omega-3 and omega-6 fatty acids in high oleic safflower oil which helps in lowering bad cholesterol thereby reducing the chances of cardiovascular diseases.

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In the end, the report covers segment data, including industry segment, type segment, channel segment, etc., as well as the segments’ market size, both in terms of volume and value. In addition, the report mentions client data from different industries, which is vital to manufacturers. The report has been collated with in-depth secondary research, comprehending the market access aspects across various geographies.

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This release was published on openPR.