Safflower
oil is extracted from safflower plant seeds. Safflower has had a rich
history among both eastern and western civilizations in its plant
form as well as in the processed oil. It is still a part of the human
diet. Safflower oil bridges the commercialization between ancient and
modern times. A growing number of benefits from the use of safflower
oil as a nutrition and health supplement is boosting the market for
safflower oil. The market is showing significant improvements in
health standards across the globe due to its associated oil product
benefits. Safflower is a plant and it is seen that flower and oil
from the seeds are used as medicine. The growing prevalence of heart
diseases, which includes the hardening of arteries and stroke, has
become a normal phenomenon across all sections of the population. It
has also been seen that safflower oil is also used to treat fevers,
coughs, tumors, breathing problems, clotting conditions, and
traumatic injuries. Safflower oil is preferred due to changes in
lifestyle and an inclination toward the consumption of low-fat foods,
coupled with health benefits. With continuous health improvements,
special economic incentives are being given to companies to achieve
improvements in health standards, which leads to both social and
economic welfare. Health standard norms and global acceptance are the
key factors on which the growth of the global market for safflower
oil depends.
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The
safflower oil market has been segmented into two types:
monounsaturated safflower oil and polyunsaturated safflower oil.
Monounsaturated safflower oil are mainly seen used as cooking oil in
applications requiring high cooking temperatures. It has been
considered shelf stable and it can be stored in a dry, cool, and dark
place. It has also been observed that monounsaturated oils are
advertised for their quality of durability while being used to cook
at high temperatures. However, it is seen that polyunsaturated
safflower oil consists of linoleic acid and is mainly used in cold
applications, such as being mixed into salad dressings. It is seen
that polyunsaturated oils cannot be used for cooking purposes as it
can become rancid. Safflower oil thus finds application in both
personal and commercial purposes.
By
region, the safflower oil market is segmented into Asia Pacific,
North America, Europe, Middle East & Africa, and Latin America.
The benefits of using safflower oil, which includes dietary needs and
overall well-being, is boosting the market for safflower oil during
the forecast period. From the study it has also been observed that
both monounsaturated and polyunsaturated oils are used for food
purposes and that they consist of less saturated fat than normal
cooking oil. Safflower oil is seen used also in the industrial sector
as a drying oil in the manufacturing of stains and paints. It is also
seen that the meal which is left after pressing the oil is used to
feed cows.
Safflower
oil is seen to be used as a health supplement and it has been
seen that taking daily dosages of the oil can lower cholesterol,
reduce inflammation, aid in body fat reduction, and help in muscle
growth. Some restraints have been observed in this market as well.
Safflower belongs to the daisy family and some people are allergic to
daisy; the consumption of this oil in such people results in harmful
reactions. It has also been observed that patients using safflower
oil have experienced vomiting, stomach aches, and cramps.
Additionally, awareness of the benefits of safflower oil is yet to
reach large sections of population..
Key participants in the global safflower oil market include Oil Seeds International Inc., Adams Group, Ciaberia International Inc., Aktivv LLP, Galp Distribution Oil España S.A.U, and Los Charitos.
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