Report Code: A15112 | Pages: NA | Mar 2023 | 934 Views | ||
Author(s) : Roshan D | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Safflower Market
Request Now !Safflower oil has been used as a heath supplement and possess several beneficial properties like it has ability to scale back inflammation, lower cholesterol levels, reduce body fat, and help in muscle growth. Safflower oil is additionally used for the production of various beauty products as it helps to stay skin smooth and moisturized. Safflower oil has been utilized in body building supplements as it helps the body generate leaner body mass.
Europe is one among the main safflower oil consumers and therefore the market during this region is slated to grow within the coming years. The expansion within the market so far are often attributed to the very fact that the consumption within the region has risen without increasing the local production. The growing prevalence of heart diseases, which incorporates stroke and hardening of arteries, has become a traditional phenomenon across all the regions, thereby driving the demand for safflower oil.
COVID-19 Impact Analysis
Top Impacting Factors
Market Trends
Rising Demand for healthy lifestyle
The safflower oil market is increased awareness regarding the health benefits of safflower oil among consumers. Safflower oil is being increasingly growing shift toward the consumption of low-fat foods and changing lifestyles of individuals. Safflower oil features a wide selection of application in several non-cooking processes like animal oil within the manufacturing of paints within 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 individuals round the world.
However, some restraints are observed within the safflower oil market. As, the consumption of this oil may end in harmful reactions in some people, like stomach ache, vomiting, and cramps. These reactions are likely to impede the expansion of the general market. Over the past of few years, there has been an increase in number of health-conscious customers across the world. Individuals are involved in adopting a healthy and a lively lifestyle, which has increased the demand for health-oriented food products. Healthy lifestyle is becoming a traditional way of life that majorly has concerns over obesity, food sensitivity, and other people suffering from diseases still rise.
Markets are dominated by Europe
The worldwide safflower oil market is mainly dominated by Europe. The safflower market is currently stable in Latin America and North America despite the sharp decline in exports. Asia Pacific is one among the main safflower oil consumers and therefore the market during this region is slated to grow within the coming years. The growing prevalence of heart diseases, which incorporates stroke and hardening of arteries, has become a traditional phenomenon across all the regions, thereby driving the demand for safflower oil. The expansion within the market so far are often attributed to the very fact that the consumption within the region has risen without increasing the local production.
Safflower for an extended time has the potential to lower high cholesterol levels, high vital sign, and cure obesity and in some extreme cases, to cure cancer. Additionally to the vital health benefits offered by the Safflower, it has applications in cosmetics to lighten and tone the skin, for enhancing hair growth, and for curing skin allergies and irritation.
Key Benefits of the Report
Questions Answered in the Report
Safflower Market Report Highlights
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Key Market Players | Adams Group, Aktivv LLP, Oil Seeds International Inc., Los Charitos, GalpDistribuición Oil España, S.A.U., Ciaberia International Inc. |
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