About Safflower Extracts
Safflower extract is a yellow pigment extracted from Safflower soluble in water. It is derived by the procedure of extracting, filtrating, refining, concentrating, sterilizing, spraying & drying. Safflower extract was only used for red and yellow dyes for textile and food industry.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
CAGR | 10.0% |
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that Chinese Vendors will contribute the maximum growth to Global Safflower Extracts market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Naturalin (China), Quality Product Lab Pvt. Ltd. (India), New Way Herbs (United States), EPC Natural Products Co. Ltd. (China), Shanghai Youngsun Foods (China), Cibaria International (United States), Quality brands (United States), Galp distribution oil Espana (Spain), Algodones Y Aceites Mexicanos (Mexico) and Los Charitos (Argentina) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Safflower Extracts market by Type (Dried Powder, Decoction and Oil), Application (Pharmaceutical Industry, Food and Beverages Industry, Dyes, Cosmetic Industry and Textile Industry) and Region.
On the basis of geography, the market of Safflower Extracts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online Distribution Channel will boost the Safflower Extracts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Huge Demand of Multi-Functionality of the Product Such As Medicinal And Colorant Property and Rising Number of Heath Consciousness of People
Market Growth Drivers:
Rising Demand for Processed Foods and Increasing Demand for Organic and Natural Ingredients in Processed Foods
Challenges:
High Demand for Organic Food, Growing Cosmetic Industry
Restraints:
Rising Concern Regarding It Cause Adverse Effect Such As Bleeding Problems
Opportunities:
Expansion of Their Product In Transgenic Safflower Plant Extract For Producing Human Insulin
Market Leaders and their expansionary development strategies
In June 2022, AVYA Skincare has launched three new products as a part of the Hydroveda collection that are inspired by nature and designed to regain balance between the body, mind, spirit and environment. This allows the botanicals to deliver "medical-grade results with maximum benefits," stimulating the natural production of collagen for firmer, stronger skin, the company reports.
In August 2020, Arcadia Biosciences, Inc. announced that the U.S. Federal Register has published the Food and Drug Administration’s (FDA) approval of Arcadia’s food additive petition that its SONOVA GLA safflower oil is safe and nutritious for use in dog diets. This approval allows Arcadia to launch sales of its SONOVA GLA safflower oil to pet nutrition companies as a rich source of omega-6 fatty acids in their dog food formulations.
Key Target Audience
Food Industry, Government Regulatory Bodies, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.