As of 2024, forecasted safflower oil production in the US is expected to marginally decline year-on-year, with figures in thousand metric tons anticipated to drop from 32.97 in 2024 to 32.76 by 2028. Compared to 2023, the production volume is stable with only a slight downward trend anticipated. Year-on-year variations remain below 1%, with a compound annual growth rate (CAGR) reflecting a consistent but minor decrease over the five-year forecast period.
Future trends to watch for include potential impacts from environmental changes, technological advancements in oil extraction, and shifts in consumer preferences towards healthier oil alternatives, which could influence production levels and market dynamics.
