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Sunflower Seeds Market | Kernel Group, Delta Wilmar CIS,Viktor and K, Oliyar, UkrOliya LLC, BBBB (Kaissa)

08-03-2021 07:58 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent market insights

Sunflower Seeds Market

Sunflower Seeds Market

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. For instance, according to World Health Organization (WHO), sunflower oil and Aquaphor significantly recover epidermal or skin related diseases.

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.

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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

Asia Pacific is expected to propel the demand for sunflower seed in the forecast period, owing to growing food industry. Sunflower oil finds its major application in food industry as salad oil cooking, frying oil, manufacturing of mayonnaise, and oil-based dressings. For instance, as per India Brand Equity Foundation and Invest India Government Organization, in 2017, food industry in India was estimated at US$ 52.74 billion, which is expected to reach US$ 482 billion by 2020.

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In July 2019, Solvent Extractors Association of India (SEA) hosted 3rd International Sunflower Seed and Oil Conference (ISSOC) 2019 between 19th and 20th July, held in Mumbai, India. Delegates with interests in sunflower seed & oil attended the conference.

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.

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