The sunflower protein market was valued at $70.4 million in 2020, and is estimated to reach $156.3 million by 2030, registering a CAGR of 8.8% from 2021 to 2030.
Rise in requirement of dietary supplements and animal feed (rich in plant based protein) in the market is one of the major factors that boost the sunflower protein market demand among its end users. The oldest segment of the population consumes most of the food supplements including protein, vitamins, calcium, and other supplements in order to delay the aging disorders and effects. Moreover, with time, the rate of development of RBC in the body decreases that attracts many diseases in the body, which is the factor responsible for surge in demand for protein supplements in the market. In animal feed, the requirement for protein is basic and does not rely over any age group, however, the awareness regarding its requirement in the animal body and the effects due to its deficiency is still less and rising. The deficiency among animals may reduce appetite in young animals, lowered feed intake; lack of muscle development, a prolonged time to reach maturity. In mature animals there is loss of weight and decreased milk production, which is a point of concern. Therefore, health departments spread awareness at a huge pace in order to save animals, which propel the demand for animal feed rich in plant protein in the market that drives the growth of the market of sunflower protein.
However, some nuts and seeds are rich in protein. Few among them are walnuts that contain 4.5 grams of protein in a single nut, almonds with 6 grams of protein, cashews with 4.5 grams, chia seeds with 6 grams, flax seeds contain 6 grams, hemp seeds have 9.5 grams, and pumpkin seeds have protein up to 8.5 grams, whereas, sunflower protein contains 5.5 grams of protein in them, which directly shows that there are multiple better options available in the market that are vegan and does contain high protein in them. This is one of the factors which resist the market growth.
In addition, some natural food products like almond, oily fish contain high content of polyphenols that holds interesting properties in animal feeds. The chosen polyphenols contain the potential to partly substitute protein in animal feed. As animals are habitually been fed protein far beyond up to the minimum standard to ensure an adequate level of antioxidants to counter oxidative stress. Therefore, polyphenols are used for replacing a big portion of protein content in the animal feed above the minimum standard to improve the results, which directly affects the sunflower protein market growth.
Segment Review
The sunflower protein market is segmented into type, application, and region. On the basis of type, the market is bifurcated into natural and synthetic. On the basis of application, the market is categorized into supplements, cosmetic, and animal feeds. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and rest of Europe), Asia-Pacific (China, India, Japan, ASEAN, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, South Africa and rest of LAMEA).
By Nature
Organic segment would exhibit the highest CAGR of10.0% during 2021-2030.
On the basis of nature, the conventional segment holds the maximum sunflower protein market share owing to high production volume and comparatively low prices in the market to the organic sunflower protein. However, the organic sunflower protein segment is expected to be the fastest growing segment during the forecast period.
By Application
Food segment would exhibit the highest CAGR of 10.7% during 2021-2030.
By application, the food sector is the fastest growing segment owing to the growth in demand for plant based nutrients and products among the consumers, which propels the expansion of the market. However, the nutraceuticals segment is expected to remain the largest dominating segment of the market owing to high consumption of sunflower protein by consumers.
By Region
Asia Pacific region would exhibit the highest CAGR of11.0% during 2021-2030.
COVID-19 Impact Analysis
- The COVID-19 pandemic had a positive impact on the global sunflower protein market.
- The demand for food supplements increased during the pandemic as people preferred to stay healthy in order to minimize their outgoing or catching any health issue.
- Pandemic left a positive impact over the market and it is anticipated to show positive growth during the sunflower protein market forecast period.
Key Benefits for Stakeholders
- The report provides a quantitative sunflower protein market analysis of the sunflower protein market trends, estimations, and dynamics of the sunflower protein market size from 2020 to 2030 to identify the prevailing opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
- In-depth analysis, the market size, and segmentation assist to determine the prevailing sunflower protein market opportunities.
- The major countries in each region are mapped according to their revenue contribution to the sunflower protein market.
- The market player positioning analysis facilitates benchmarking and provides a clear understanding of the present position of the market players in the sunflower protein industry.
Sunflower Protein Market Report Highlights
| Aspects | Details |
 By NATURE |
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 By APPLICATION |
|
 By Region |
|
 Key Market Players | TRADIN ORGANIC AGRICULTURE B.V., CAMBRIDGE COMMODITIES LTD, CLEARSPRING LTD, ETCHEM, AUSTRADE INC., SUNBLOOM PROTEINS GMBH, BIO TECHNOLOGIES LLC, KRAMERBRÄU SAATEN UND ÖLE GMBH, ORGANICWAY INC., ELITE INGREDIENTS, LLC |
Analyst Review
In the view of CXO, the global sunflower protein market has seen myriad of innovations, which fuel its market growth. Brands have introduced sustainable strategies and launched products as per consumer need. For instance, in India, the demand for food supplement with plant based protein is high and is rising day by day, which led to the surge in demand for sunflower protein in the country. This resulted in high demand for sunflower protein by-products from local suppliers like Amway and Vestige.
CXO further added that the demand for plant based protein has surged with the growth in awareness regarding wellbeing among the consumers, which is generally promoted by the growing online health sector or by the local key players either by advertisement or by counseling their customers in person regarding the benefits of their products over their health. As the knowledge regarding the nutritional deficiency is still very less among the consumers, spreading awareness is still necessary in the developing countries, which is highly affected. Moreover, diseases like chronic kwashiorkor, marasmus, impaired mental health, oedema, organ failure, wastage & shrinkage of muscle tissues, and weak immune system are some of the diseases that are common due to the deficiency of protein and can be cured by the sufficient availability of protein in the body of the patient. This is a major factor responsible for rise in the demand for plant based protein in the market as consumers demand vegan substitutes for consumption. Therefore, the awareness regarding plant based protein is on rise among the consumers globally directly or indirectly, which has propelled the demand for sunflower protein in the market either in terms of food supplements or food products.
The sunflower protein market size was 156.3 billion.
The CAGR of sunflower protein market is 8.8%.
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The top companies in the sunflower protein market are ETChem, Cambridge Commodities ltd., Kramerbräu Saaten und Öle GmbH, Austrade Inc., Tradin Organic Agriculture B.V.
Sunflower protein market is segmented on the basis of nature and application.
2020 is base year calculated in the sunflower protein market report.
Growing consumption of Nutraceuticals and rising awareness will shape the market in future.
North America holds the maximum market share of the Sunflower Protein Market
Factors such as easy availability of substitutes are effecting the sunflower protein market.
Covid-19 pandemic will positively impact the sunflower protein market
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