Packaged Sunflower Seeds Global Market Analysis, Trends, Growth, Research And Forecast 2033

"The Business Research Company recently released a comprehensive report on the Global Packaged Sunflower Seeds Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The packaged sunflower seeds market size has grown strongly in recent years. It will grow from $1.23 billion in 2023 to $1.33 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to growing health consciousness, rising snacking culture, variety in flavors and formats, vegan and plant-based trends, convenience and portability, retail presence and shelf placement, sports and fitness culture.

The packaged sunflower seeds market size is expected to see strong growth in the next few years. It will grow to $1.8 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to focus on sustainable packaging, expansion of flavor varieties, targeting diverse consumer demographics, influence of culinary trends, inclusion in meal kits and recipes, functional food attributes. Major trends in the forecast period include convenience and on-the-go snacking, incorporation of flavor trends, clean label and natural product, product positioning for different consumer segments, global cuisine influence, nut-free and allergen-free offerings.

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Market Drivers and Trends:

The growing trend of consuming healthy food is expected to propel the growth of the packaged sunflower seeds market going forward. Consuming healthy food refers to making deliberate decisions to include a range of nutrient-rich, well-balanced meals in order to promote general wellbeing. Packaged sunflower seeds can be used as part of a healthy food diet because they offer a variety of nutrients and health benefits, including protein sources, fiber, and antioxidants, when consumed in moderation. For instance, in February 2023, according to survey reports published by Great Green Wall, a US-based provider of information about the Great Green Wall initiative, approximately 40% of Americans said they stick to their diets of these, 20% say they actively seek out healthy foods, and 60% say they try. 20% of individuals actively look for meals that will improve their health. 68% think it is simple to recognize healthy meals. Therefore, the growing trend of consuming healthy food is driving the growth of the packaged sunflower seeds market.

Technological advancements are the key trend gaining popularity in the packaged sunflower seeds market. Major companies operating in the market are developing innovative technologies, such as the hybrid variety of seeds, and utilizing blockchain and other Internet of Things (IoT) technologies to efficiently manage the procurement, processing, and distribution of packaged sunflower seeds. For instance, in January 2021, Tamil Nadu Agricultural University (TNAU), an India-based state agricultural university in Tamil Nadu, created a high-yielding, disease-resistant hybrid sunflower variety that could be grown in rain-fed areas. According to the university, the product has 42% oil content and could yield 716 kg/ha, which is 200-250 kg more than other traditional varieties of sunflower seeds. This variety is also resistant to crop diseases such as necrosis and powdery mildew.

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Major Key Players of the Market:

Conagra Foodservice Inc., Frito-Lay North America Inc., The Kraft Heinz Company, Sincerely Nuts, Chinook Seedery, Flaper S.A., Waymouth Farms Inc., Dakota Style Foods, Giant Snacks Inc., Realfoodsource Ltd., The Hershey Company, PepsiCo Inc., The Hain Celestial Group Inc., J.M. Smucker Company, Wonderful Company LLC, Kellanova, Robertet SA, Frutarom Industries Ltd., T. Hasegawa Co. Ltd., Huabao International Holdings Limited, International Taste Solutions Ltd., Kerry Ingredients Ltd., Hormel Foods Corporation, Tyson Foods Inc., Smithfield Foods Inc., Cargill Inc., Archer Daniels Midland Company, Bunge Limited, Ingredion Incorporated, Tate & Lyle PLC

Packaged Sunflower Seeds Market 2024 Key Insights:

• The packaged sunflower seeds market size is expected to see strong growth in the next few years. It will grow to $1.8 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.
• The Health Benefits Of Sunflower Seeds Driving Growth In The Packaged Sunflower Seeds Market
• Innovative Technologies Transforming The Packaged Sunflower Seeds Market
• Europe was the largest region in the packaged sunflower seeds market in 2023

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