Sunflower Seed Market Size

Sunflower Seed Market Size

Sunflower Seed Market size was valued at USD 32.3 billion in 2023 and is projected to expand at around 9.4% CAGR between 2024 and 2032. Driven by the increasing awareness among consumers about the health benefits of the product. The increasing demand for healthy snacks from health-conscious consumers is pushing the industry growth. Moreover, the product is being used increasing in the food industry applications. The versatility and nutritional benefits of sunflower seeds are encouraging food manufacturers to experiment with variety, further benefiting the market.

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Sunflower Seed Market Growth Drivers & Restraints

The government support for farming of sunflower seeds, such as subsidies, incentives, and R&D initiatives will stimulate the market expansion. The vulnerability of sunflower crops to adverse weather conditions, such as droughts, floods, and extreme temperatures will pose a major challenge. Unpredictable weather patterns can lead to decreased yields and affect the overall supply, leading to price fluctuations and potential shortages. In addition, competition from other snack options and cooking oils is likely to restrain industry growth.