Press release
Market Dynamics to Escalate Demand for Safflower Extract Throughout 2016 - 2026
Safflower is an annual plant flourish in hot and dry condition, primarily in the western great plain area of the United States. It is also named as Catharanthus tinctorius L. (Botanical Name), Sallflower, False Saffron or Bastard Saffron (because of Saffron like property), American Saffron, Alazor, etc. It is from Asteraceae family and close relative of Sunflower. Safflower extract is a yellow pigment extracted from Safflower soluble in water. Safflower extract is derived by the process of extracting, filtrating, purifying, concentrating, sterilizing, spraying & drying. Traditionally, safflower extract was only used for red and yellow dyes for textile and food industry. But now a days it has a number of usage like in cooking oil, birdseed, superior quality paints and varnishes, infant formulas, cosmetic industry, protein supplement for livestock, beverages, pharmaceutical industry,
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Market Dynamics:
Major drivers of the Safflower extract market is the rising demand of processed foods. The increasing demand for organic and natural ingredients in processed foods is a very important driving factor. Other very important factor for the growth in safflower extract market is the multi-functionality of the product such as medicinal and colorant property. This replaces a lot of other products used in processed foods which can cause ill effects to human health. In various studies, it is found that safflower can cause adverse effect such as bleeding problems (hemorrhagic diseases, clotting disorders and intestinal ulcers), allergy, increase in sugar level in diabetic patients and miscarriages leads to restraining the market of safflower oil. The major factors which are trending the demand of safflower extract are heath consciousness of people, demand for organic food, growing cosmetic industry, etc.
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There is an opportunity for companies in this industry to expand their product in transgenic safflower plant extract for producing human insulin which is having major demand in the market.
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Market Player:
The key players in safflower extract market includes Naturalin, Quality Product Lab Pvt. Ltd., New Way Herbs, EPC Natural Products Co. Ltd., Shanghai Youngsun foods, Cibaria International, Aktivv LLP, Ramazanogullari, Global oil trading and services, Quality brands, Galp distribution oil Espana, Algodones Y Aceites Mexicanos, Los Charitos, etc.
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