Safflower Oil Market Poised for Profitable Future as Awareness Regarding its Benefits Grows

Extracted from the seeds of its plant, safflower oil was previously used primarily for dyes but in the recent times, its application has expanded on the back of realization that it has striking health benefits too. Safflower oil aids in lowering cholesterol levels, weight loss, hair care, skin nourishment, control muscle contractions, managing blood sugar, and boosting immunity system. According to a recent business report from Transparency Market Research (TMR), the demand in the global safflower oil market will increment at a formidable CAGR during the forecast period of 2016 to 2024.

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Safflower contains high levels of omega-6 fatty acid, deficiency of which is fairly common among masses. Usage of this specialized oil goes a long way towards balancing cholesterol within human body and thereby curtails the changes of the developed of atherosclerosis. For diabetic patients, safflower oil controls blood sugar levels whereas for obese people, fat can be burnt if included in daily diet instead of vegetable oil. On the back of radical rise of social media, the awareness regarding the striking benefits of safflower is incrementing and the demand is poised to attain greater magnitudes of profitability for the vendors of this market.

According to a 2011 research study by the Ohio State University, daily dosage of safflower oil for 16 weeks has the potential of improving health measures such as inflammation in obese postmenopausal women, insulin sensitivity, and type 2 diabetes. The study continues for 18 months and the researchers realized that safflower oil can potential reduce abdominal fat as well as can increase muscle tissue among women if supplements are taken. Safflower seed oil is colorless and flavorless and also used by the cosmetics industry as well as the food industry.

This TMR study, titled “Safflower Oil Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024,” has been constructed to showcase its futuristic potential in terms of profits, as well as highlight those segments that are primed to produce greater demand than the rest. Beginning with an executive summary that introduces the present scenario of the market, the analyst of the report has dived into providing in-depth analysis of all factors that will stroke or resist the progress of the safflower oil market.

Country-wide Demand Potential Examined

Some of the intended audiences of the report are producers of safflower oil, raw material suppliers, food regulating government agencies, and capital investors. Once the drivers, restraints, opportunities, and trends are understood for their possible implications, the report indulges into providing figurative assessment of all segments. Regional and country-wide demand potential has been assessed in order to help stockholders expand into opportune territories. The report finishes off with a featured chapter on the competitive landscape, wherein several prominent companies of this market have been analyzed and their dominance over the demand has been examined.

Based on product type, the market for safflower oil can be segmented into polyunsaturated safflower oil and monounsaturated safflower oil. On the basis of application, the market can be bifurcated into medical, cooking, and others.

Galp Distribution Oil Espana S.A.U, Adams Group, Oil Seeds International, Aktivv LLP, Ciaberia International, and Los Charitos are some of the notable companies operating in this market.