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Sunflower Seed Market Type and Application, Forecast to 2032

The increasing demand for healthy snacks from health-conscious consumers is pushing the industry growth.

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Sunflower Seed Market Type and Application, Forecast to 2032

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  1. Sunflower Seed Market Demand to Cross USD 75.9 Bn by 2032 Global Market Insights Inc.

  2. Overview of Sunflower Seed Market • Thesunflower seed market size is estimated to be valued at USD 75.9 billion by the end of 2032, according to the report. • The globally emerging demand for plant-based diets and the subsequent popularity of plant-based protein sources will influence the industry growth. The rapid expansion of the vegan population has made way for the surging consumption of plant-based snacks and dairy alternatives. As per Stats of 2023 from the World Animal Foundation, there are nearly 88 million vegans around the world. The growing preference for meat substitutes to cater to the rising health-conscious consumers will also prove favourable for the product uptake. For instance, Israeli start-up More Foods, in March 2022, produced protein- as well as fibre-rich meaty products from pumpkin and sunflower seeds. • Based on product type, the sunflower seed industry from the oilseed segment is anticipated to witness notable CAGR from 2023-2032 driven by increasing consumption of dietary supplements and the rising interest in personal care products, such as skincare creams, lotions, and hair conditioners. On account of its oil-rich properties, sunflower oilseeds account for vital components in livestock and poultry diets to render essential nutrients. Rising government support to match the surging production requirements will also add impetus to the industry growth. For instance, in September 2022, the Indian government unveiled an oilseed mission for boosting the domestic production of oilseeds while reducing the import dependence. Global Market Insights Inc.

  3. Continue… • Asia Pacific sunflower seed industry size is poised to record significant remuneration by the end of 2032 driven by the presence of large and rapidly growing population along with diversification of food offerings. As per the UN’s World Population Prospects, India is anticipated to emerge as the most populous nation worldwide by the end of the decade, reaching 1.515 billion in 2030 compared to 1.417 billion in 2022. The emergence of snacking culture in the region has compelled consumers to look for portable, convenient and healthy snack options. The surging focus on improving heart and skin health is further adding to the demand for sunflower seeds to offer nutrients, such as vitamin E, magnesium, and selenium, further contributing to the regional market growth. • Syngenta AG (acquired by ChemChina), BASF SE, Corteva Agriscience, Advanta Seeds (acquired by UPL Limited), Nuseed Pty Ltd (a subsidiary of Nufarm Limited), Groupe Limagrain Holding SA, Land O'Lakes, Inc., Sakata Seed Corporation, and Agrofy Seeds among others. These firms are placing targeted efforts on investment and expansion initiatives for reinforced global presence. For instance, in May 2022, Corteva Agriscience completed a $14.7 million (14 million euro) investment in its production facility in Afumati, southern Romania for catering to the surging domestic and international needs for high-quality sunflower seeds from farmers. Global Market Insights Inc.

  4. Browse Full Research Report On Sunflower Seed Market@ https://bit.ly/467NsfC Request for a sample of this research report @ https://bit.ly/467BTVz Global Market Insights Inc.

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