The safflower oil market is likely to be worth USD 232.1 million by 2023, recording a 4.5% CAGR from 2023 to 2033. The safflower seed oil market is expected to hit USD 359 million by 2033.
The climate had a significant role in determining the fate of edible oils on the market. The fluctuating yield and scarcity of specific edible oil are typically compensated for by edible oil on the safflower oil market. In times of shortage of palm oil or other specialty oils such as olive oil, the supply of safflower seed oil has compensated for this lack and is likely to do so in the future.
Edible oil commodities brokers and traders play a significant role, resulting in consistent demand for safflower oil. Organic safflower oil is a healthier alternative to coconut oil and palm oil, which are heavy in saturated fats, and is likely to gain a larger client base from the health-conscious segment as well as the use of organic safflower oil as a lubricant is gaining traction.
The demand from millennial and emerging markets, which is outstripping supply, is predicted to drive the safflower oil market revenue to expand at a strong CAGR. Key growth drivers in the market are technological advancements that enable efficient production, an expanding product portfolio, sophisticated design and packaging, effective operational maintenance, and organic safflower oil sales monitoring.
One of the market restraints for organic safflower oil over the forecast period is complying with strict regulations and different standards around the world, as well as growing competition, inflation that is predicted to stay above the upper band in important countries for the short term, and fluctuating raw material prices.
| Attributes | Details |
|---|---|
| Market HCAGR (From 2017 to 2022) | 5% |
| Market CAGR (From 2023 to 2033) | 4.5% |
| Market Size (2022) | USD 220.5 million |
| Market Size (2023) | USD 232.1 million |
| Market Size (2033) | USD 359 million |
| Market Absolute Dollar Growth | USD 126.9 million |
Understanding the historical market dynamics of safflower seed oil, including its medicinal value, the demand for high oleic and high linoleic safflower oil among health-conscious consumers, and other factors like the changing agricultural landscape, and how these dynamics had influenced the market, with projected CAGR of 5.0% from 2017 to 2022.
Safflower oil's increased nutritional value, particularly its high oleic acid and linoleic acid content, is helping it to be used more frequently in a variety of end-use businesses, including those that prepare food and beverages and make dietary supplements, among others.
Safflower oil consumption is rising, particularly among those who are health-conscious and prefer high oleic and cold-pressed edible oils in their meals.
Safflower oil has taken the place of traditional oils in processed food products like salad dressings, which also helps them, achieve the desired consistency and flavor in different recipes. This in turn surges the safflower oil market tends.
The agricultural sector has been able to adopt new strains thanks to biotechnology, and work is intensifying to develop improved strains that outperform the limitations of the original safflower seed oil.
The beneficial properties of safflower oil should be enhanced to equal those of olive oil, and safflower oil yield should be increased, to name a couple of the key traits that researchers are focusing on. Pure safflower oil capsules are also attracting consumers, as they help in preventing blood clots, low blood pressure, and others.
In underdeveloped countries, where local farmers have started growing other competitive crops due to the reduced yield of safflower, which is less profitable, making a strain with higher safflower oil production is very crucial.
Safflower farmers may benefit from higher oleic acid content in safflower oil by receiving a better price, which may increase the area under safflower cultivation.
The paint and biodiesel industries both rely heavily on safflower oil. Yet, over the past few years, the sector's use of specialty fats and oils has decreased. This is primarily due to the ambiguity around biofuel legislation and the encouragement of using other vegetable oils, including used vegetable oil, in some nations.
The expansion of the electric vehicle market has reduced the chances for the biodiesel market, thus limiting the growth of the safflower oil market in this field of application, on top of the regulatory scenario's unpredictability.
Safflower is farmed and processed in significant numbers in developing countries, where urbanization is growing and the agricultural area is drastically declining. This element has a significant effect on the safflower oil market.
This aspect is further complicated by the low yield of safflower seed oil, which has forced many farmers to forgo the safflower oil industry and focus on growing other lucrative crops.
| Attributes | Details |
|---|---|
| Top Nature | Conventional |
| CAGR % 2017 to 2022 | 5.8% |
| CAGR % 2023 to End of Forecast (2033) | 5.4% |
The nature segment of the market projects that between 2023 and 2033, the conventional category to climb at a CAGR of 5.4%. The safflower seed oil market has been shaped by rising consumer interest in organic food ingredients, rising health consciousness, and sharply rising sales of convenience foods. Research indicates that there has been a sharp increase in the use of organic safflower seed oils for purposes other than food, which has a big impact on the global demand for these products.
One of the most sought-after non-food applications is encouraging the manufacture of biodiesel from organic safflower oils, which is more likely to enhance the possibilities for revenue development for suppliers of organic safflower oils.
| Attributes | Details |
|---|---|
| Top Product Type | High Oleic |
| CAGR % 2017 to 2022 | 5.2% |
| CAGR % 2023 to End of Forecast (2033) | 4.8% |
The high oleic safflower oil segment in the market is anticipated to expand by product type at a CAGR of 4.8% from 2023 to 2033.
Due to the presence of omega-3 and omega-6 fatty acids, high oleic safflower oil is advantageous in lowering the risk of cardiovascular disorders, among other health advantages.
The safflower seed oil market is expanding as a result of the rising demand for high oleic safflower oil in personal care products. This oil has anti-aging qualities that help prevent, among other things, blemishes, wrinkles, acne, and fine lines.
High oleic safflower oil has a nice flavor and aroma that makes it ideal for a wide range of food applications, such as liquid flavor dispersants, spray oil for dry fruits, and dietary supplements. It is also used in infant formulae.
| Attributes | Details |
|---|---|
| India Market Size (USD million/billion) by End of Forecast Period (2033) | USD 88.9 million |
| India Market Absolute Dollar Growth (USD million/billion) | USD 34.2 million |
| CAGR % 2017 to 2022 | 5.5% |
| CAGR % 2023 to End of Forecast (2033) | 5.0% |
Farmers are Abandoning this Robust, Hardy Crop Because it has Few Buyers
Safflower oil sales in India are predicted to expand at a 5.0% CAGR to USD 88.9 million by 2033. Despite its numerous health benefits, safflower oil cultivation is falling across India due to farmers' inability to find a ready market. While India has emerged as a significant importer of edible oil, its farmers are quitting safflower cultivation due to low safflower oil market demand and unfavorable prices offered to growers.
It's improbable that safflower is going to become a common crop among farmers due to the low price it fetches for the growers, but given its nutritional and therapeutic benefits, a niche might be developed. Policymakers should consider this to stop the continued decline of the safflower seed oil market.
| Attributes | Details |
|---|---|
| United States Market Size (USD million/billion) by End of Forecast Period (2033) | USD 121.8 million |
| United States Market Absolute Dollar Growth (USD million/billion) | USD 43.2 million |
| CAGR % 2017 to 2022 | 5.0% |
| CAGR % 2023 to End of Forecast (2033) | 4.5% |
The United States safflower oil market is anticipated to increase at a CAGR of 4.5% between 2023 and 2033 to reach USD 121.8 million.
Due to the rising trend towards low-fat food consumption and people's shifting lifestyles, the United States dominated the global safflower seed oil market. The demand for safflower oil in this country is being driven by the rising occurrence of heart illnesses, which includes stroke and artery hardening.
| Attributes | Details |
|---|---|
| Mexico Market Size (USD million/billion) by End of Forecast Period (2033) | USD 27.2 million |
| Mexico Market Absolute Dollar Growth (USD million/billion) | USD 7.6 million |
| CAGR % 2017 to 2022 | 2.8% |
| CAGR % 2023 to End of Forecast (2033) | 3.4% |
The Mexican safflower oil market is expected to record a 3.4% CAGR to USD 27.2 million by 2033. Increasing public awareness of the negative health effects of consuming saturated and unrefined fat derived from animal sources is expected to propel the expansion of the safflower oils market in the coming years.
The increasing oil processing industry in Mexico, as well as market participants’ use of robust marketing methods to promote healthy safflower oil sales, is expected to drive safflower oil market expansion.
| Attributes | Details |
|---|---|
| Russia Market Size (USD million/billion) by End of Forecast Period (2033) | USD 17.8 million |
| Russia Market Absolute Dollar Growth (USD million/billion) | USD 6.8 million |
| CAGR % 2017 to 2022 | 6.0% |
| CAGR % 2023 to End of Forecast (2033) | 4.9% |
By 2033, Russia's safflower seed oil market might register a CAGR of 4.9%, reaching USD 17.8 million. Russia is expected to increase at a faster CAGR during the projected period due to decreased production risk, ease of harvesting, and storage.
The rapidly developing cosmetic sector, greater demand for organic food, and rising health consciousness among citizens worldwide are primary factors accelerating the demand for safflower oil.
| Attributes | Details |
|---|---|
| China Market Size (USD million/billion) by End of Forecast Period (2033) | USD 28.0 million |
| China Market Absolute Dollar Growth (USD million/billion) | USD 15.9 million |
| CAGR % 2017 to 2022 | 7.7% |
| CAGR % 2023 to End of Forecast (2033) | 8.8% |
By 2033, the China safflower seed oil market may increase by 8.8% CAGR to USD28.0 million. China is a key consumer of safflower oil, and the market in this area is expected to expand in the future years.
The market's success so far can be attributable to the fact that consumption in the region has increased without expanding local output. The increasing frequency of cardiac problems, such as stroke and artery hardening, has become a common occurrence in all regions, pushing demand for safflower seed oil.
The safflower oil market competitors primarily use product launches, mergers and acquisitions, and joint ventures. Market participants are focusing on research and development initiatives for new advancements to remain relevant in the market.
Recent Development:
Acquisition
| Date | April 2018 |
|---|---|
| Company | Louis Dreyfus Company |
| Details | Louis Dreyfus Company, which owns and runs oilseeds crushing and refining facilities, was acquired by Oil Seeds International Inc., a manufacturer, and supplier of specialty vegetable oil. |
Partnership
| Date | April 2020 |
|---|---|
| Company | Adani Group |
| Details | Due to the nationwide lockdown brought on by the COVID-19 pandemic in April 2020, the Adani Group subsidiary Adani Wilmar collaborated with the Indian startup Swiggy to provide food products, including oil products, to clients. With the support of this cooperation, the business has been able to market to its target market, sell items, and generate income. |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2017 to 2033
Table 2: Global Market Volume (Metric Tons) Forecast by Region, 2017 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Product Type, 2017 to 2033
Table 4: Global Market Volume (Metric Tons) Forecast by Product Type, 2017 to 2033
Table 5: Global Market Value (US$ Million) Forecast by Nature, 2017 to 2033
Table 6: Global Market Volume (Metric Tons) Forecast by Nature, 2017 to 2033
Table 7: Global Market Value (US$ Million) Forecast by Sales Channel, 2017 to 2033
Table 8: Global Market Volume (Metric Tons) Forecast by Sales Channel, 2017 to 2033
Table 9: Global Market Value (US$ Million) Forecast by End Use, 2017 to 2033
Table 10: Global Market Volume (Metric Tons) Forecast by End Use, 2017 to 2033
Table 11: North America Market Value (US$ Million) Forecast by Country, 2017 to 2033
Table 12: North America Market Volume (Metric Tons) Forecast by Country, 2017 to 2033
Table 13: North America Market Value (US$ Million) Forecast by Product Type, 2017 to 2033
Table 14: North America Market Volume (Metric Tons) Forecast by Product Type, 2017 to 2033
Table 15: North America Market Value (US$ Million) Forecast by Nature, 2017 to 2033
Table 16: North America Market Volume (Metric Tons) Forecast by Nature, 2017 to 2033
Table 17: North America Market Value (US$ Million) Forecast by Sales Channel, 2017 to 2033
Table 18: North America Market Volume (Metric Tons) Forecast by Sales Channel, 2017 to 2033
Table 19: North America Market Value (US$ Million) Forecast by End Use, 2017 to 2033
Table 20: North America Market Volume (Metric Tons) Forecast by End Use, 2017 to 2033
Table 21: Latin America Market Value (US$ Million) Forecast by Country, 2017 to 2033
Table 22: Latin America Market Volume (Metric Tons) Forecast by Country, 2017 to 2033
Table 23: Latin America Market Value (US$ Million) Forecast by Product Type, 2017 to 2033
Table 24: Latin America Market Volume (Metric Tons) Forecast by Product Type, 2017 to 2033
Table 25: Latin America Market Value (US$ Million) Forecast by Nature, 2017 to 2033
Table 26: Latin America Market Volume (Metric Tons) Forecast by Nature, 2017 to 2033
Table 27: Latin America Market Value (US$ Million) Forecast by Sales Channel, 2017 to 2033
Table 28: Latin America Market Volume (Metric Tons) Forecast by Sales Channel, 2017 to 2033
Table 29: Latin America Market Value (US$ Million) Forecast by End Use, 2017 to 2033
Table 30: Latin America Market Volume (Metric Tons) Forecast by End Use, 2017 to 2033
Table 31: Europe Market Value (US$ Million) Forecast by Country, 2017 to 2033
Table 32: Europe Market Volume (Metric Tons) Forecast by Country, 2017 to 2033
Table 33: Europe Market Value (US$ Million) Forecast by Product Type, 2017 to 2033
Table 34: Europe Market Volume (Metric Tons) Forecast by Product Type, 2017 to 2033
Table 35: Europe Market Value (US$ Million) Forecast by Nature, 2017 to 2033
Table 36: Europe Market Volume (Metric Tons) Forecast by Nature, 2017 to 2033
Table 37: Europe Market Value (US$ Million) Forecast by Sales Channel, 2017 to 2033
Table 38: Europe Market Volume (Metric Tons) Forecast by Sales Channel, 2017 to 2033
Table 39: Europe Market Value (US$ Million) Forecast by End Use, 2017 to 2033
Table 40: Europe Market Volume (Metric Tons) Forecast by End Use, 2017 to 2033
Table 41: Asia Pacific Excluding Japan Market Value (US$ Million) Forecast by Country, 2017 to 2033
Table 42: Asia Pacific Excluding Japan Market Volume (Metric Tons) Forecast by Country, 2017 to 2033
Table 43: Asia Pacific Excluding Japan Market Value (US$ Million) Forecast by Product Type, 2017 to 2033
Table 44: Asia Pacific Excluding Japan Market Volume (Metric Tons) Forecast by Product Type, 2017 to 2033
Table 45: Asia Pacific Excluding Japan Market Value (US$ Million) Forecast by Nature, 2017 to 2033
Table 46: Asia Pacific Excluding Japan Market Volume (Metric Tons) Forecast by Nature, 2017 to 2033
Table 47: Asia Pacific Excluding Japan Market Value (US$ Million) Forecast by Sales Channel, 2017 to 2033
Table 48: Asia Pacific Excluding Japan Market Volume (Metric Tons) Forecast by Sales Channel, 2017 to 2033
Table 49: Asia Pacific Excluding Japan Market Value (US$ Million) Forecast by End Use, 2017 to 2033
Table 50: Asia Pacific Excluding Japan Market Volume (Metric Tons) Forecast by End Use, 2017 to 2033
Table 51: Japan Market Value (US$ Million) Forecast by Country, 2017 to 2033
Table 52: Japan Market Volume (Metric Tons) Forecast by Country, 2017 to 2033
Table 53: Japan Market Value (US$ Million) Forecast by Product Type, 2017 to 2033
Table 54: Japan Market Volume (Metric Tons) Forecast by Product Type, 2017 to 2033
Table 55: Japan Market Value (US$ Million) Forecast by Nature, 2017 to 2033
Table 56: Japan Market Volume (Metric Tons) Forecast by Nature, 2017 to 2033
Table 57: Japan Market Value (US$ Million) Forecast by Sales Channel, 2017 to 2033
Table 58: Japan Market Volume (Metric Tons) Forecast by Sales Channel, 2017 to 2033
Table 59: Japan Market Value (US$ Million) Forecast by End Use, 2017 to 2033
Table 60: Japan Market Volume (Metric Tons) Forecast by End Use, 2017 to 2033
Table 61: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2017 to 2033
Table 62: Middle East and Africa Market Volume (Metric Tons) Forecast by Country, 2017 to 2033
Table 63: Middle East and Africa Market Value (US$ Million) Forecast by Product Type, 2017 to 2033
Table 64: Middle East and Africa Market Volume (Metric Tons) Forecast by Product Type, 2017 to 2033
Table 65: Middle East and Africa Market Value (US$ Million) Forecast by Nature, 2017 to 2033
Table 66: Middle East and Africa Market Volume (Metric Tons) Forecast by Nature, 2017 to 2033
Table 67: Middle East and Africa Market Value (US$ Million) Forecast by Sales Channel, 2017 to 2033
Table 68: Middle East and Africa Market Volume (Metric Tons) Forecast by Sales Channel, 2017 to 2033
Table 69: Middle East and Africa Market Value (US$ Million) Forecast by End Use, 2017 to 2033
Table 70: Middle East and Africa Market Volume (Metric Tons) Forecast by End Use, 2017 to 2033
Figure 1: Global Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Nature, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Sales Channel, 2023 to 2033
Figure 4: Global Market Value (US$ Million) by End Use, 2023 to 2033
Figure 5: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 6: Global Market Value (US$ Million) Analysis by Region, 2017 to 2033
Figure 7: Global Market Volume (Metric Tons) Analysis by Region, 2017 to 2033
Figure 8: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 9: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 10: Global Market Value (US$ Million) Analysis by Product Type, 2017 to 2033
Figure 11: Global Market Volume (Metric Tons) Analysis by Product Type, 2017 to 2033
Figure 12: Global Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 13: Global Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 14: Global Market Value (US$ Million) Analysis by Nature, 2017 to 2033
Figure 15: Global Market Volume (Metric Tons) Analysis by Nature, 2017 to 2033
Figure 16: Global Market Value Share (%) and BPS Analysis by Nature, 2023 to 2033
Figure 17: Global Market Y-o-Y Growth (%) Projections by Nature, 2023 to 2033
Figure 18: Global Market Value (US$ Million) Analysis by Sales Channel, 2017 to 2033
Figure 19: Global Market Volume (Metric Tons) Analysis by Sales Channel, 2017 to 2033
Figure 20: Global Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 21: Global Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 22: Global Market Value (US$ Million) Analysis by End Use, 2017 to 2033
Figure 23: Global Market Volume (Metric Tons) Analysis by End Use, 2017 to 2033
Figure 24: Global Market Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 25: Global Market Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 26: Global Market Attractiveness by Product Type, 2023 to 2033
Figure 27: Global Market Attractiveness by Nature, 2023 to 2033
Figure 28: Global Market Attractiveness by Sales Channel, 2023 to 2033
Figure 29: Global Market Attractiveness by End Use, 2023 to 2033
Figure 30: Global Market Attractiveness by Region, 2023 to 2033
Figure 31: North America Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 32: North America Market Value (US$ Million) by Nature, 2023 to 2033
Figure 33: North America Market Value (US$ Million) by Sales Channel, 2023 to 2033
Figure 34: North America Market Value (US$ Million) by End Use, 2023 to 2033
Figure 35: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 36: North America Market Value (US$ Million) Analysis by Country, 2017 to 2033
Figure 37: North America Market Volume (Metric Tons) Analysis by Country, 2017 to 2033
Figure 38: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 39: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 40: North America Market Value (US$ Million) Analysis by Product Type, 2017 to 2033
Figure 41: North America Market Volume (Metric Tons) Analysis by Product Type, 2017 to 2033
Figure 42: North America Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 43: North America Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 44: North America Market Value (US$ Million) Analysis by Nature, 2017 to 2033
Figure 45: North America Market Volume (Metric Tons) Analysis by Nature, 2017 to 2033
Figure 46: North America Market Value Share (%) and BPS Analysis by Nature, 2023 to 2033
Figure 47: North America Market Y-o-Y Growth (%) Projections by Nature, 2023 to 2033
Figure 48: North America Market Value (US$ Million) Analysis by Sales Channel, 2017 to 2033
Figure 49: North America Market Volume (Metric Tons) Analysis by Sales Channel, 2017 to 2033
Figure 50: North America Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 51: North America Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 52: North America Market Value (US$ Million) Analysis by End Use, 2017 to 2033
Figure 53: North America Market Volume (Metric Tons) Analysis by End Use, 2017 to 2033
Figure 54: North America Market Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 55: North America Market Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 56: North America Market Attractiveness by Product Type, 2023 to 2033
Figure 57: North America Market Attractiveness by Nature, 2023 to 2033
Figure 58: North America Market Attractiveness by Sales Channel, 2023 to 2033
Figure 59: North America Market Attractiveness by End Use, 2023 to 2033
Figure 60: North America Market Attractiveness by Country, 2023 to 2033
Figure 61: Latin America Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 62: Latin America Market Value (US$ Million) by Nature, 2023 to 2033
Figure 63: Latin America Market Value (US$ Million) by Sales Channel, 2023 to 2033
Figure 64: Latin America Market Value (US$ Million) by End Use, 2023 to 2033
Figure 65: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 66: Latin America Market Value (US$ Million) Analysis by Country, 2017 to 2033
Figure 67: Latin America Market Volume (Metric Tons) Analysis by Country, 2017 to 2033
Figure 68: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 69: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 70: Latin America Market Value (US$ Million) Analysis by Product Type, 2017 to 2033
Figure 71: Latin America Market Volume (Metric Tons) Analysis by Product Type, 2017 to 2033
Figure 72: Latin America Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 73: Latin America Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 74: Latin America Market Value (US$ Million) Analysis by Nature, 2017 to 2033
Figure 75: Latin America Market Volume (Metric Tons) Analysis by Nature, 2017 to 2033
Figure 76: Latin America Market Value Share (%) and BPS Analysis by Nature, 2023 to 2033
Figure 77: Latin America Market Y-o-Y Growth (%) Projections by Nature, 2023 to 2033
Figure 78: Latin America Market Value (US$ Million) Analysis by Sales Channel, 2017 to 2033
Figure 79: Latin America Market Volume (Metric Tons) Analysis by Sales Channel, 2017 to 2033
Figure 80: Latin America Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 81: Latin America Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 82: Latin America Market Value (US$ Million) Analysis by End Use, 2017 to 2033
Figure 83: Latin America Market Volume (Metric Tons) Analysis by End Use, 2017 to 2033
Figure 84: Latin America Market Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 85: Latin America Market Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 86: Latin America Market Attractiveness by Product Type, 2023 to 2033
Figure 87: Latin America Market Attractiveness by Nature, 2023 to 2033
Figure 88: Latin America Market Attractiveness by Sales Channel, 2023 to 2033
Figure 89: Latin America Market Attractiveness by End Use, 2023 to 2033
Figure 90: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 91: Europe Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 92: Europe Market Value (US$ Million) by Nature, 2023 to 2033
Figure 93: Europe Market Value (US$ Million) by Sales Channel, 2023 to 2033
Figure 94: Europe Market Value (US$ Million) by End Use, 2023 to 2033
Figure 95: Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 96: Europe Market Value (US$ Million) Analysis by Country, 2017 to 2033
Figure 97: Europe Market Volume (Metric Tons) Analysis by Country, 2017 to 2033
Figure 98: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 99: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 100: Europe Market Value (US$ Million) Analysis by Product Type, 2017 to 2033
Figure 101: Europe Market Volume (Metric Tons) Analysis by Product Type, 2017 to 2033
Figure 102: Europe Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 103: Europe Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 104: Europe Market Value (US$ Million) Analysis by Nature, 2017 to 2033
Figure 105: Europe Market Volume (Metric Tons) Analysis by Nature, 2017 to 2033
Figure 106: Europe Market Value Share (%) and BPS Analysis by Nature, 2023 to 2033
Figure 107: Europe Market Y-o-Y Growth (%) Projections by Nature, 2023 to 2033
Figure 108: Europe Market Value (US$ Million) Analysis by Sales Channel, 2017 to 2033
Figure 109: Europe Market Volume (Metric Tons) Analysis by Sales Channel, 2017 to 2033
Figure 110: Europe Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 111: Europe Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 112: Europe Market Value (US$ Million) Analysis by End Use, 2017 to 2033
Figure 113: Europe Market Volume (Metric Tons) Analysis by End Use, 2017 to 2033
Figure 114: Europe Market Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 115: Europe Market Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 116: Europe Market Attractiveness by Product Type, 2023 to 2033
Figure 117: Europe Market Attractiveness by Nature, 2023 to 2033
Figure 118: Europe Market Attractiveness by Sales Channel, 2023 to 2033
Figure 119: Europe Market Attractiveness by End Use, 2023 to 2033
Figure 120: Europe Market Attractiveness by Country, 2023 to 2033
Figure 121: Asia Pacific Excluding Japan Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 122: Asia Pacific Excluding Japan Market Value (US$ Million) by Nature, 2023 to 2033
Figure 123: Asia Pacific Excluding Japan Market Value (US$ Million) by Sales Channel, 2023 to 2033
Figure 124: Asia Pacific Excluding Japan Market Value (US$ Million) by End Use, 2023 to 2033
Figure 125: Asia Pacific Excluding Japan Market Value (US$ Million) by Country, 2023 to 2033
Figure 126: Asia Pacific Excluding Japan Market Value (US$ Million) Analysis by Country, 2017 to 2033
Figure 127: Asia Pacific Excluding Japan Market Volume (Metric Tons) Analysis by Country, 2017 to 2033
Figure 128: Asia Pacific Excluding Japan Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 129: Asia Pacific Excluding Japan Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 130: Asia Pacific Excluding Japan Market Value (US$ Million) Analysis by Product Type, 2017 to 2033
Figure 131: Asia Pacific Excluding Japan Market Volume (Metric Tons) Analysis by Product Type, 2017 to 2033
Figure 132: Asia Pacific Excluding Japan Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 133: Asia Pacific Excluding Japan Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 134: Asia Pacific Excluding Japan Market Value (US$ Million) Analysis by Nature, 2017 to 2033
Figure 135: Asia Pacific Excluding Japan Market Volume (Metric Tons) Analysis by Nature, 2017 to 2033
Figure 136: Asia Pacific Excluding Japan Market Value Share (%) and BPS Analysis by Nature, 2023 to 2033
Figure 137: Asia Pacific Excluding Japan Market Y-o-Y Growth (%) Projections by Nature, 2023 to 2033
Figure 138: Asia Pacific Excluding Japan Market Value (US$ Million) Analysis by Sales Channel, 2017 to 2033
Figure 139: Asia Pacific Excluding Japan Market Volume (Metric Tons) Analysis by Sales Channel, 2017 to 2033
Figure 140: Asia Pacific Excluding Japan Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 141: Asia Pacific Excluding Japan Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 142: Asia Pacific Excluding Japan Market Value (US$ Million) Analysis by End Use, 2017 to 2033
Figure 143: Asia Pacific Excluding Japan Market Volume (Metric Tons) Analysis by End Use, 2017 to 2033
Figure 144: Asia Pacific Excluding Japan Market Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 145: Asia Pacific Excluding Japan Market Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 146: Asia Pacific Excluding Japan Market Attractiveness by Product Type, 2023 to 2033
Figure 147: Asia Pacific Excluding Japan Market Attractiveness by Nature, 2023 to 2033
Figure 148: Asia Pacific Excluding Japan Market Attractiveness by Sales Channel, 2023 to 2033
Figure 149: Asia Pacific Excluding Japan Market Attractiveness by End Use, 2023 to 2033
Figure 150: Asia Pacific Excluding Japan Market Attractiveness by Country, 2023 to 2033
Figure 151: Japan Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 152: Japan Market Value (US$ Million) by Nature, 2023 to 2033
Figure 153: Japan Market Value (US$ Million) by Sales Channel, 2023 to 2033
Figure 154: Japan Market Value (US$ Million) by End Use, 2023 to 2033
Figure 155: Japan Market Value (US$ Million) by Country, 2023 to 2033
Figure 156: Japan Market Value (US$ Million) Analysis by Country, 2017 to 2033
Figure 157: Japan Market Volume (Metric Tons) Analysis by Country, 2017 to 2033
Figure 158: Japan Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 159: Japan Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 160: Japan Market Value (US$ Million) Analysis by Product Type, 2017 to 2033
Figure 161: Japan Market Volume (Metric Tons) Analysis by Product Type, 2017 to 2033
Figure 162: Japan Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 163: Japan Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 164: Japan Market Value (US$ Million) Analysis by Nature, 2017 to 2033
Figure 165: Japan Market Volume (Metric Tons) Analysis by Nature, 2017 to 2033
Figure 166: Japan Market Value Share (%) and BPS Analysis by Nature, 2023 to 2033
Figure 167: Japan Market Y-o-Y Growth (%) Projections by Nature, 2023 to 2033
Figure 168: Japan Market Value (US$ Million) Analysis by Sales Channel, 2017 to 2033
Figure 169: Japan Market Volume (Metric Tons) Analysis by Sales Channel, 2017 to 2033
Figure 170: Japan Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 171: Japan Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 172: Japan Market Value (US$ Million) Analysis by End Use, 2017 to 2033
Figure 173: Japan Market Volume (Metric Tons) Analysis by End Use, 2017 to 2033
Figure 174: Japan Market Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 175: Japan Market Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 176: Japan Market Attractiveness by Product Type, 2023 to 2033
Figure 177: Japan Market Attractiveness by Nature, 2023 to 2033
Figure 178: Japan Market Attractiveness by Sales Channel, 2023 to 2033
Figure 179: Japan Market Attractiveness by End Use, 2023 to 2033
Figure 180: Japan Market Attractiveness by Country, 2023 to 2033
Figure 181: Middle East and Africa Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 182: Middle East and Africa Market Value (US$ Million) by Nature, 2023 to 2033
Figure 183: Middle East and Africa Market Value (US$ Million) by Sales Channel, 2023 to 2033
Figure 184: Middle East and Africa Market Value (US$ Million) by End Use, 2023 to 2033
Figure 185: Middle East and Africa Market Value (US$ Million) by Country, 2023 to 2033
Figure 186: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2017 to 2033
Figure 187: Middle East and Africa Market Volume (Metric Tons) Analysis by Country, 2017 to 2033
Figure 188: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 189: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 190: Middle East and Africa Market Value (US$ Million) Analysis by Product Type, 2017 to 2033
Figure 191: Middle East and Africa Market Volume (Metric Tons) Analysis by Product Type, 2017 to 2033
Figure 192: Middle East and Africa Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 193: Middle East and Africa Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 194: Middle East and Africa Market Value (US$ Million) Analysis by Nature, 2017 to 2033
Figure 195: Middle East and Africa Market Volume (Metric Tons) Analysis by Nature, 2017 to 2033
Figure 196: Middle East and Africa Market Value Share (%) and BPS Analysis by Nature, 2023 to 2033
Figure 197: Middle East and Africa Market Y-o-Y Growth (%) Projections by Nature, 2023 to 2033
Figure 198: Middle East and Africa Market Value (US$ Million) Analysis by Sales Channel, 2017 to 2033
Figure 199: Middle East and Africa Market Volume (Metric Tons) Analysis by Sales Channel, 2017 to 2033
Figure 200: Middle East and Africa Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 201: Middle East and Africa Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 202: Middle East and Africa Market Value (US$ Million) Analysis by End Use, 2017 to 2033
Figure 203: Middle East and Africa Market Volume (Metric Tons) Analysis by End Use, 2017 to 2033
Figure 204: Middle East and Africa Market Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 205: Middle East and Africa Market Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 206: Middle East and Africa Market Attractiveness by Product Type, 2023 to 2033
Figure 207: Middle East and Africa Market Attractiveness by Nature, 2023 to 2033
Figure 208: Middle East and Africa Market Attractiveness by Sales Channel, 2023 to 2033
Figure 209: Middle East and Africa Market Attractiveness by End Use, 2023 to 2033
Figure 210: Middle East and Africa Market Attractiveness by Country, 2023 to 2033
During 2018 to 2022, the market registered a CAGR of 5%.
The market is estimated to reach USD 359 million by 2033.
Conventional holds high revenue potential.
India, the United Kingdom, and Mexico dominate the global market.
The market is forecast to register a CAGR of 4.5% through 2033.
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