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.

Safflower Oil Market Driven by Increased Awareness Regarding the Health Benefits

Safflower Oil Market: Overview

Safflower oil has been used as a heath supplement all over the world and is known to have several beneficial properties such as its ability to reduce inflammation, lower cholesterol levels, lessen body fat, and help in muscle growth. Safflower oil is also added to a number of beauty products as it helps to keep skin smooth and moisturized. Safflower oil has also been used in body building supplements as it helps the body generate leaner body mass.

The report offers in-depth qualitative insights, variable projections, and historical data about the safflower oil market. It serves as a repository of analyses for every aspect of the market. It also features the qualitative and quantitative assessment of the safflower market by taking into account data gathered from industry experts and other sources. The report on the global safflower oil market is a conclusive guideline for new entrants to understand the market in depth and take progressive strides with the help of strategic recommendations presented therewith.

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Safflower Oil Market: Drivers & Restraints

The key factor driving the safflower oil market is increased awareness regarding the health benefits of safflower oil among consumers. Safflower oil is being increasingly promoted due to a growing shift toward the consumption of low-fat foods and changing lifestyles of people. Safflower oil also has a wide range of application in several non-cooking processes such as drying oil in the manufacturing of paints in the industrial sector. Other major factors driving the demand for safflower oil are a rapidly growing cosmetic industry, increased demand for organic food, and rising health consciousness of people around the world.

However, some restraints have been observed in the safflower oil market; the consumption of this oil may result in harmful reactions in some people, such as stomach ache, vomiting, and cramps. These reactions are likely to impede the growth of the overall market.

Safflower Oil Market: Geographical Outlook

On the basis of region, the global safflower oil market is partitioned into Europe, the Middle East and Africa, North America, Latin America, and Asia Pacific. The safflower market is currently stable in Latin America and North America despite the sharp decline in exports. Asia Pacific is one of the major safflower oil consumers and the market in this region is slated to grow in the coming years. The growth in the market thus far can be attributed to the fact that the consumption in the region has risen without increasing the local production. The growing prevalence of heart diseases, which includes stroke and hardening of arteries, has become a normal phenomenon across all the regions, thereby driving the demand for safflower oil.

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Companies mentioned in the report

Some of the leading players operating in the global safflower oil market include Adams Group, Aktivv LLP, Oil Seeds International Inc., Los Charitos, Galp Distribuición Oil España, S.A.U., and Ciaberia International Inc. Market players are trying to stay relevant in the market by concentrating on research and development activities for various innovations.  

Safflower Oil Market driven by Growing Shift toward the Consumption of Low-Fat Foods

Safflower Oil Market: Overview

Safflower oil has been used as a heath supplement all over the world and is known to have several beneficial properties such as its ability to reduce inflammation, lower cholesterol levels, lessen body fat, and help in muscle growth. Safflower oil is also added to a number of beauty products as it helps to keep skin smooth and moisturized. Safflower oil has also been used in body building supplements as it helps the body generate leaner body mass.

The report offers in-depth qualitative insights, variable projections, and historical data about the safflower oil market. It serves as a repository of analyses for every aspect of the market. It also features the qualitative and quantitative assessment of the safflower market by taking into account data gathered from industry experts and other sources. The report on the global safflower oil market is a conclusive guideline for new entrants to understand the market in depth and take progressive strides with the help of strategic recommendations presented therewith.

Safflower Oil Market: Drivers & Restraints

The key factor driving the safflower oil market is increased awareness regarding the health benefits of safflower oil among consumers. Safflower oil is being increasingly promoted due to a growing shift toward the consumption of low-fat foods and changing lifestyles of people. Safflower oil also has a wide range of application in several non-cooking processes such as drying oil in the manufacturing of paints in the industrial sector. Other major factors driving the demand for safflower oil are a rapidly growing cosmetic industry, increased demand for organic food, and rising health consciousness of people around the world.

However, some restraints have been observed in the safflower oil market; the consumption of this oil may result in harmful reactions in some people, such as stomach ache, vomiting, and cramps. These reactions are likely to impede the growth of the overall market.

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Safflower Oil Market: Geographical Outlook

On the basis of region, the global safflower oil market is partitioned into Europe, the Middle East and Africa, North America, Latin America, and Asia Pacific. The safflower market is currently stable in Latin America and North America despite the sharp decline in exports. Asia Pacific is one of the major safflower oil consumers and the market in this region is slated to grow in the coming years. The growth in the market thus far can be attributed to the fact that the consumption in the region has risen without increasing the local production. The growing prevalence of heart diseases, which includes stroke and hardening of arteries, has become a normal phenomenon across all the regions, thereby driving the demand for safflower oil.

Companies mentioned in the report

Some of the leading players operating in the global safflower oil market include Adams Group, Aktivv LLP, Oil Seeds International Inc., Los Charitos, Galp Distribuición Oil España, S.A.U., and Ciaberia International Inc. Market players are trying to stay relevant in the market by concentrating on research and development activities for various innovations. 

Safflower Oil Market: Evolution & Trends by 2024

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.