Summary
Major players in the packaged sunflower seeds market are Conagra Foodservice Inc., Frito-Lay North America Inc., The Kraft Heinz Company, Sincerely Nuts, Chinook Seedery, GIANT Snacks Inc., RealFoodSource Ltd., Good Sense, Bestore Co. Ltd., Nutstop.com, ChaCha Food Co.Ltd., Snackworthy, KENKKO CORPORATION, Sorichorganics and Wellness Solutions Pvt Ltd.
The global packaged sunflower seeds market is expected to grow from $1.14 billion in 2022 to $1.24 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The packaged sunflower seeds market is expected to grow to $1.66 billion in 2027 at a CAGR of 7.5%.
The packaged sunflower seeds market consists of sales of linoleic, mid-oleic, and high oleic.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
Sunflower packaged seeds are seeds that are packed in different material bags to protect the cargo from mold, moisture, spoilage, and pests. These bags protect the contents from solar radiation and heat, as the high oil percentage and fiber content of sunflower seeds could cause self-heating during transportation.
Europe was the largest region in the packaged sunflower seeds market in 2022.Asia-Pacific is expected to be the fastest growing region in the forecast region.
The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of packaged sunflower seeds are plain, salted, ranch-flavored, BBQ flavored, dill pickle-flavored, and other flavored products.Plain sunflower seeds are sunflower seeds that do not contain any additionally added substances for flavoring such as sodium.
The various packaging includes and is distributed through hypermarkets and supermarkets, convenience stores, online stores, and other applications.
Growing consumer awareness of the numerous health benefits of sunflower seeds is expected to propel the growth of the packaged sunflower seeds market going forward.Sunflower seeds help to lower the risk of abnormal heartbeats or arrhythmias, and triglyceride levels, slowing the growth rate of atherosclerotic plaque and reducing blood pressure.
Consumers are increasingly opting for healthier alternatives, and prefer healthier lifestyles, as a result, sunflower seeds are becoming more popular because they are high in vitamins, proteins, and minerals and can aid in the treatment of diseases such as cancer, asthma, and depression. For instance, in November 2021, according to the National Library of Medicine, a a US-based provider that provides services in the medical and biomedical fields, sunflower seeds are high in nutrients with 33.85% protein, 65.42% lipids, and 18 minerals. Sunflower oilcake is higher in fibers (31.88% and 12.64% for pellets and cake, respectively) and proteins (20.15% and 21.60%) than seeds, with a balanced amino acid profile. The seeds are a good source of essential (6.63%) and non-essential (93.37%) amino acids (the total AA content in the sample is 5790.26 nmol/g). Therefore, growing consumer awareness of the numerous health benefits of sunflower seeds is driving the growth of packaged sunflower seeds.
Technological advancements are the key trend gaining popularity in the packaged sunflower seeds market.Major companies operating in the market are developing innovative technologies such as the hybrid variety of seeds and utilizing blockchain and other Internet of Things (IoT) technologies to efficiently manage the procurement, processing, and distribution of packaged sunflower seeds.
For instance, in January 2021, Tamil Nadu Agricultural University (TNAU), an India-based state agricultural university in Tamil Nadu created a high-yielding, disease-resistant sunflower hybrid variety that could be grown in rain-fed areas.According to the university, the product has 42% oil content and could yield 716kg/ha, which is 200-250kg more than other traditional varieties of sunflower seeds.
This variety is also resistant to crop diseases such as necrosis, and powdery mildew.
In August 2020, Syngenta Seeds, a Switzerland-based science-based agrotechnology company acquired Sensako, for an undisclosed amount.With the acquisition, Sensako will lay the foundation for Syngenta Seeds’ entry into the South African seeds market in wheat, corn, and sunflower.
With Syngenta Seeds’ leading global germplasm pool and Sensako’s existing breeding programmes and experienced R&D leadership in Africa, the company anticipates significant growth in core crops such as corn, sunflower, and soy. Sensako is a South Africa- based cereal seed company.
The countries covered in the Packaged Sunflower Seeds market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The packaged sunflower seeds market research report is one of a series of new reports that provides packaged sunflower seeds market statistics, including packaged sunflower seeds industry global market size, regional shares, competitors with a packaged sunflower seeds market share, detailed packaged sunflower seeds market segments, market trends and opportunities, and any further data you may need to thrive in the packaged sunflower seeds industry. This packaged sunflower seeds market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
