• 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.

Market Dynamics

  • 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. According to the Food and Agriculture Organization of the United Nations (FAO), global meat production is estimated to be 16% higher in 2025, than in the base period (2013-15).
  • 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. For instance, according to the India Brand Equity Foundation (IBEF), the market size of India’s beauty, cosmetic and grooming market is expected to grow to US$ 20 billion by 2025, which will boost demand for sunflower seed oil in the market.

Market Outlook:-

  • Europe is expected to account for the largest market share in sunflower seeds market. For instance, according to Ministry of Foreign Affairs, in 2016, Europe imported 3.2 million tons of sunflower seeds. France is the largest importer of sunflower seeds, which accounted to 17.5% share in volume in 2016. According to Ukraine Business Council, Ukraine and Russia are the largest producers of sunflower oil, which accounts half of the world’s sunflower oil production.
  • 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.

Key Developments:-

  • 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.

Key Market Players:-

  • Key players of the sunflower seeds market include 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.

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

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

  • North America
    • U.S.
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • U.K.
    • Ukraine
    • Germany
    • Italy
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ASEAN
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users