Enormous Growth Of Sunflower Seeds Market Gives Attractive Opportunities

Sunflower seed holds a significant position in the agricultural producing countries such as Ukraine, Russia, Argentina, China, Romania, and others. According to International Potash Institute and State Statistics Service of Ukraine, Ukraine holds first place in global production of sunflower with 25% share, followed by Russia with 22%. Ukraine exports around 57 % of the world’s total sunflower.

Sunflower seeds are excellent source of vitamin E and omega-6 fatty acids, owing to its nutritional benefits, sunflower oil finds wide application in domestic cooking. It contains over 80% of monounsaturated fats, which makes it good for heart. Vitamin E helps to improve the health of skin and prevents cardiovascular diseases.

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The animal feed market is one of the largest segments of the sunflower seed by-products such as meal, hulls, and others. The by-product of the sunflower seed is one of the best source for animal feed due to its high oil content, which fulfill fat supplement requirement of the livestocks. Rising global livestock feed market is one of the propelling factor supporting growth of the sunflower seed industry during the forecast period.

Sunflower seed oil is rich sources of fatty acids and linoleic acid, which is used for making cosmetic or personal care products such as acne moisturizer, eye cream, anti-aging mask and others. Increasing demand for the cosmetic and skin care products in Asia Pacific is expected to propel growth of the sunflower seeds market.

In 2017, Inner Mongolia Ding Ye Foodstuff Co Ltd (China based sunflower seed exporter) invested US$ 73.8 million to build 20 new production lines. The new production lines will increase production capacity of the company by 2,00,000 metric tons.

Market Taxonomy:-

On the basis of product type, the global sunflower seeds market is segmented into:

Oil Seed Type
Non-Oil Seed Type

On the basis of application/use, the global sunflower seeds market is segmented into:

Pharmaceutical
Cosmetic & Personal Care
Energy
Food
Animal Feed

Key Market Players:-

Kernel Group, Delta Wilmar CIS,Viktor and K, Oliyar, UkrOliya LLC, BBBB (Kaissa), PJSC Kyiv, Kaissa Oil, Astons (Food and Food ingredients), NMGK Group of Companies, and Rusagro Group.

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This release was published on openPR.