| Product Code: ETC224364 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
India`s safflower seed import shipments in 2024 continued to see a high level of concentration, with Brazil, Nigeria, Sudan, Somalia, and India being the top exporting countries. The Herfindahl-Hirschman Index (HHI) remained elevated, indicating significant market power among these exporters. The compound annual growth rate (CAGR) from 2020 to 2024 stands at 4.14%, with a notable growth rate of 5.4% from 2023 to 2024. This data suggests a stable growth trajectory in safflower seed imports for India, with key exporting countries maintaining a strong presence in the market.

The India Safflower Market is growing owing to the increasing demand for safflower oil which is used as a cooking oil and in the production of margarine and other food products. In general, the safflower seeds are also used for animal feed. Safflower seeds are primarily grown for the oil extraction. The demand for safflower seed oil is increasing in India due to its health benefits and its use in Ayurvedic medicine. However, safflower cultivation is mostly limited and the total area under cultivation is relatively small. Additionally, safflower faces competition from other oilseed crops such as soybean and groundnut. Furthermore, the limited awareness about the benefits of safflower seeds among farmers hinders the growth of this industry.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Safflower Seed Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Safflower Seed Market Revenues & Volume, 2021 & 2028F |
3.3 India Safflower Seed Market - Industry Life Cycle |
3.4 India Safflower Seed Market - Porter's Five Forces |
3.5 India Safflower Seed Market Revenues & Volume Share, By Type, 2021 & 2028F |
3.6 India Safflower Seed Market Revenues & Volume Share, By Nature, 2021 & 2028F |
3.7 India Safflower Seed Market Revenues & Volume Share, By Application, 2021 & 2028F |
4 India Safflower Seed Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Safflower Seed Market Trends |
6 India Safflower Seed Market, By Types |
6.1 India Safflower Seed Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Safflower Seed Market Revenues & Volume, By Type, 2018 - 2028F |
6.1.3 India Safflower Seed Market Revenues & Volume, By Monounsaturated Fatty Acid (Oleic Acid), 2018 - 2028F |
6.1.4 India Safflower Seed Market Revenues & Volume, By Polyunsaturated Fatty Acids (Linoleic Acid), 2018 - 2028F |
6.2 India Safflower Seed Market, By Nature |
6.2.1 Overview and Analysis |
6.2.2 India Safflower Seed Market Revenues & Volume, By Organic, 2018 - 2028F |
6.2.3 India Safflower Seed Market Revenues & Volume, By Conventional, 2018 - 2028F |
6.3 India Safflower Seed Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Safflower Seed Market Revenues & Volume, By Food & Beverage, 2018 - 2028F |
6.3.3 India Safflower Seed Market Revenues & Volume, By Pharmaceutical, 2018 - 2028F |
6.3.4 India Safflower Seed Market Revenues & Volume, By Cosmetics, 2018 - 2028F |
6.3.5 India Safflower Seed Market Revenues & Volume, By Industrial, 2018 - 2028F |
6.3.6 India Safflower Seed Market Revenues & Volume, By Animal Feed, 2018 - 2028F |
6.3.7 India Safflower Seed Market Revenues & Volume, By Nutraceuticals, 2018 - 2028F |
7 India Safflower Seed Market Import-Export Trade Statistics |
7.1 India Safflower Seed Market Export to Major Countries |
7.2 India Safflower Seed Market Imports from Major Countries |
8 India Safflower Seed Market Key Performance Indicators |
9 India Safflower Seed Market - Opportunity Assessment |
9.1 India Safflower Seed Market Opportunity Assessment, By Type, 2021 & 2028F |
9.2 India Safflower Seed Market Opportunity Assessment, By Nature, 2021 & 2028F |
9.3 India Safflower Seed Market Opportunity Assessment, By Application, 2021 & 2028F |
10 India Safflower Seed Market - Competitive Landscape |
10.1 India Safflower Seed Market Revenue Share, By Companies, 2021 |
10.2 India Safflower Seed Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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