The global demand for Safflower Extracts Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Kilo Tons in 2021 and forecast to touch XX Kilo Tons by 2028 with a CAGR of XX% during 2022-2028.
Dried powder, decoction, and vegetable oil extracted from the seeds of the safflower, a thistle-like annual plant is known as safflower extract. Safflower extracts have wide applications in the pharmaceutical industry, dyes, food and beverage industry, cosmetic industry, and textile industry. Safflower crop was traditionally grown for its seeds and used for coloring and flavoring in foods. Consumption of safflower oil reduces the low-density lipoproteins level, which is a risk factor for cardiovascular diseases. It is also used in salad dressing, for the production of margarine, and in cosmetics.
Market Dynamics
Multiple applications of safflower extract in various industries such as the food and beverage industry, pharmaceutical industry, cosmetic industry, and textile industry are the key driving forces for the market growth of safflower extract. Vegetable oil extracted from the safflower seeds has a high concentration of linoleic acid, due to which its demand is increasing among the consumers. The increased demand will boost the market growth of safflower extract. The safflower seed oil is used for making paints and other kinds of surface coatings. Safflower extracts are clinically proven for lowering serum cholesterol levels which will exhilarate the market growth of safflower extract. The use of safflower extract in lip care products, balms, and moisturizing creams is assumed to push the market growth of safflower extract. However, the availability of other competitive products in the market is hampering the market growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of safflower extracts. The growth and trends of Safflower Extracts Industry provide a holistic approach to this study.
Market Segmentation
This section of the safflower extracts market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Dried Powder
- Decoction
- Oil
By Application
- Pharmaceutical
- Food and Beverages
- Dyes
- Cosmetic
- Textile
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Safflower Extracts market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Safflower Extracts Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the safflower extracts market include Naturalin, Quality Product Lab Pvt. Ltd., New Way Herbs, EPC Natural Products Co. Ltd., Shanghai Youngsun foods, Cibaria International, Aktivv LLP, Ramazanogullari, Algodones Y Aceites Mexicanos, Los Charitos. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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