Asia-Pacific Sunflower Seeds Market, By Type (Kernel/Hulled, Inshelled, Semishelled), Product (Roasted and Unroasted), Product Type (Original and Flavored), Category (Organic and Inorganic), Packaging (Pouches, Bottles, Jars), Packaging Size (<10 Oz, 10-50 Oz, >50 Oz), Distribution Channel (Store-Based Retailing, Non-Store Retailing), Country (China, India, Japan, Australia, South Korea, Malaysia, Singapore, Thailand, New Zealand, Indonesia, Philippines, Vietnam and Rest of Asia-Pacific) Industry Trends and Forecast to 2027
Market Analysis and Insights: Asia-Pacific Sunflower Seeds Market
The sunflower seeds market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the CAGR of 8.6% in the forecast period of 2020 to 2027 and expected to reach USD 659.51 thousand by 2027. Consumer demand for various flavoured sunflower seeds has accelerated the growth of sunflower seeds market.
Sunflower seeds are consumed as healthy snacks as it is the tremendous source of vitamin B1, B6, E, trace metals such as manganese, selenium, and niacin folate. Hence, it is mostly preferred as healthy snacks to consume. The adaptation of the healthy snacks is being fuelled due to the growing health risk associated with the snacks having higher cholesterol and booming product development with the sunflower seeds based healthy snacks.
The health benefits associated with dietary fibre and protein content providing demand to the sunflower seeds and hence it is well known driver for sunflower seeds market. The obesity associated with saturated fatty acid may hinder the growth of sunflower seeds market. Rising developments in snacks industry includes business expansion such as acquisition, partnership, collaboration, exhibition participation by the giant manufacturers to develop wide range of flavored sunflower seeds which is well known opportunity for sunflower seeds market. The risk factors associated with unroasted form of sunflower seeds hinder the sunflower seeds market growth.
This sunflower seeds market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the sunflower seeds market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Asia-Pacific Sunflower Seeds Market Scope and Market Size
The sunflower seeds market is segmented into seven notable segments which are based on type, product, product type, category, packaging, packaging size and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the sunflower seeds market is segmented into kernel/hulled, inshelled and semishelled. In 2020, the inshelled segment in the sunflower seeds market have comprised the highest market share as inshelled sunflower seeds are more popular among consumers. Consumer prefers mild nutty tastes of the shelled sunflower seeds which are now available in variety of flavors.
- On the basis of product type, the sunflower seeds market is segmented into original and flavored. In 2020, flavored segment in the sunflower seeds market have comprised the highest market share as flavored sunflower seeds are gaining more popularity owing to the variety of flavors such as chile lime, barbeque, sweet spicy among others, that are being made available by the manufacturers. Consumers are responding increasingly well to these flavored sunflower seed snacks.
- On the basis of product, the sunflower seeds market is segmented into roasted and unroasted. In 2020, roasted segment in the sunflower seeds market have comprised the highest market share as roasted sunflower seeds are characterized by better aroma, taste and crunchy structure and hence are more popular and are consistently being demanded by consumers all over the world.
- On the basis of category, the sunflower seeds market is segmented into organic and inorganic. In 2020, organic segment in the sunflower seeds market have comprised the highest market share as organic products are perceived as healthier food with minimal or no usage of chemical products. Consumers, especially millennial are increasingly looking for sustainable snack options and hence are scrutinizing labels on snack seed products, which are boosting the demand for organic sunflower seeds.
- On the basis of packaging, the sunflower seeds market is segmented into pouches, bottles and jars. In 2020, pouches segment in the sunflower seeds market have comprised the highest market share as pouches are the most popular choices owing to their reasonable prices compared to jars and bottles and most importantly their shape and size that can be easily carried and put anywhere which makes it most preferable on the go snack packaging.
- On the basis of packaging size, the sunflower seeds market is segmented into <10 Oz, 10-50 Oz and >50 Oz. In 2020, <10 Oz segment in the sunflower seeds market have comprised the highest market share as busy and hectic lifestyle of consumers have led to the increased demand for snack that come in small packaging and amount so that can be conveniently carried and consumed therefore the demand for small > 10 Oz pouches is increasing.
- On the basis of distribution channel, the sunflower seeds market is segmented into store-based retailing and non-store retailing. In 2020, non-store retailing segment of the sunflower seeds market have comprised the highest market share several number of players offering variety of sunflower seed snack flavors through online retailing is gaining the attention of consumers. Moreover, convenience of home delivery offered by non-store based online retaining is the major factor driving the demand for non-store based retailing.
Sunflower Seeds Market Country Level Analysis
Asia-Pacific sunflower seeds market is analysed and market size information is provided country, type, product, product type, category, packaging, packaging size and distribution channel as referenced above.
The countries covered in Asia-Pacific sunflower seeds market are China, India, Japan, Australia, South Korea, Malaysia, Singapore, Thailand, New Zealand, Indonesia, Philippines, Vietnam and Rest of Asia-Pacific.
Asia-Pacific is dominating the sunflower seeds market due to growing inclination of Asian consumers towards healthy snacking habits and healthy lifestyle is projected to drive the growth of sunflower seeds market on coming years. China is dominating sunflower seeds market due to the health benefits associated with dietary fibers and protein content of sunflower seeds.
The country section of the sunflower seeds market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Consumer Demand for Various Flavored Sunflower Seeds in Sunflower Seeds Market
Asia-Pacific sunflower seeds market also provides you with detailed market analysis for every country growth in sunflower seeds industry with sunflower seeds sales, components sales, impact of technological development in sunflower seeds and changes in regulatory scenarios with their support for the sunflower seeds market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Sunflower Seeds Market Share Analysis
Sunflower seeds market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, new sweeteners, product approvals, patents, product taste improvements reports, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to sunflower seeds market.
The major players covered in the report are Well Luck Co., Inc., KENKKO CORPORATION, Martin, and Brouwergroep. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product launches and agreements are also initiated by the companies’ worldwide which are also accelerating the sunflower seeds market
- In December 2019, BonOil Seeds has received certification of ISO 22 000. This ISO 22 000 certification is provided for food safety management system. It includes all standard procedures that company follows in its supply chain that is from raw material to finished products. This certification has reflected all quality standards followed by the company which further strengthen company’s product quality.
Collaboration, joint ventures and other strategies by the market players is enhancing the company market in the sunflower seeds market which also provides the benefits for organisation to improve their offering for sunflower seeds.