| Product Code: ETC224309 | 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 |
The Philippines safflower oil import market experienced a significant shift in 2024, with top exporting countries including Spain, Malaysia, Bosnia Herzegovina, Austria, and Hungary. The market concentration increased from moderate to high, indicating a more competitive landscape. Despite a high CAGR of 36.31% from 2020 to 2024, there was a sharp decline in growth rate from 2023 to 2024 at -43.57%. This suggests a potential stabilization or restructuring in the market, prompting industry players to closely monitor trends and adapt their strategies accordingly.

The Philippines safflower seed market is undergoing notable growth, with a market value surpassing $2 million in the previous year. This growth is attributed to the expanding applications of safflower seeds in the food and cosmetics industries. Safflower seeds are used for oil extraction and as an ingredient in various products due to their nutritional value. The market`s outlook is bolstered by the rising demand for plant-based ingredients and the increasing consumer interest in health-conscious products. As safflower seeds find their way into a diverse range of products, the market is projected to maintain its upward trajectory.
The safflower seed market in the Philippines is poised for positive growth in the coming years. Safflower seeds are used in various applications, including cooking oil production and bird feed. The increasing demand for safflower oil as a healthier alternative to traditional cooking oils could be a significant driver for safflower seed consumption. Additionally, the use of safflower seeds in the animal feed industry could further contribute to market expansion.
Challenges in the safflower seed market mirror those of the safflower oil market, with an added focus on seed quality and availability. Ensuring a consistent supply of high-quality safflower seeds for both oil extraction and potential cultivation requires overcoming agricultural and logistical challenges.
The safflower seed market faced challenges as disruptions affected planting and harvesting schedules. Farmer access to markets and distribution networks was limited. However, with the agriculture sector gradually recovering and efforts to improve supply chain resilience, the safflower seed market is expected to rebound.
The safflower seed market in the Philippines is poised for steady expansion as safflower seeds are used in various applications, including cooking and oil extraction. The health benefits associated with safflower seeds, such as their high protein and fiber content, are driving consumer interest. Key players in the Philippines safflower seed market include AgriSeeds Philippines, SeedMaster Farms, and NutriCrops Group.
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 Philippines Safflower Oil Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Safflower Oil Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Safflower Oil Market - Industry Life Cycle |
3.4 Philippines Safflower Oil Market - Porter's Five Forces |
3.5 Philippines Safflower Oil Market Revenues & Volume Share, By Nature, 2021 & 2031F |
3.6 Philippines Safflower Oil Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Philippines Safflower Oil Market Revenues & Volume Share, By End Use, 2021 & 2031F |
3.8 Philippines Safflower Oil Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
4 Philippines Safflower Oil Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the health benefits of safflower oil |
4.2.2 Growing demand for natural and organic food products |
4.2.3 Rise in disposable income leading to higher spending on premium cooking oils |
4.3 Market Restraints |
4.3.1 Price volatility of safflower oil due to fluctuations in raw material costs |
4.3.2 Competition from other cooking oils such as coconut oil and olive oil |
4.3.3 Limited availability of safflower oil in retail outlets |
5 Philippines Safflower Oil Market Trends |
6 Philippines Safflower Oil Market, By Types |
6.1 Philippines Safflower Oil Market, By Nature |
6.1.1 Overview and Analysis |
6.1.2 Philippines Safflower Oil Market Revenues & Volume, By Nature, 2021-2031F |
6.1.3 Philippines Safflower Oil Market Revenues & Volume, By Organic, 2021-2031F |
6.1.4 Philippines Safflower Oil Market Revenues & Volume, By Conventional, 2021-2031F |
6.2 Philippines Safflower Oil Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Philippines Safflower Oil Market Revenues & Volume, By High Oleic, 2021-2031F |
6.2.3 Philippines Safflower Oil Market Revenues & Volume, By High Linoleic, 2021-2031F |
6.3 Philippines Safflower Oil Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 Philippines Safflower Oil Market Revenues & Volume, By Retail/Household, 2021-2031F |
6.3.3 Philippines Safflower Oil Market Revenues & Volume, By Foodservice, 2021-2031F |
6.3.4 Philippines Safflower Oil Market Revenues & Volume, By Food & Beverage Processing, 2021-2031F |
6.3.5 Philippines Safflower Oil Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.3.6 Philippines Safflower Oil Market Revenues & Volume, By Dietary Supplements, 2021-2031F |
6.3.7 Philippines Safflower Oil Market Revenues & Volume, By Cosmetics & Personal Care, 2021-2031F |
6.4 Philippines Safflower Oil Market, By Sales Channel |
6.4.1 Overview and Analysis |
6.4.2 Philippines Safflower Oil Market Revenues & Volume, By Direct Sales, 2021-2031F |
6.4.3 Philippines Safflower Oil Market Revenues & Volume, By Modern Trade, 2021-2031F |
6.4.4 Philippines Safflower Oil Market Revenues & Volume, By Convenience Stores, 2021-2031F |
6.4.5 Philippines Safflower Oil Market Revenues & Volume, By Specialty Stores, 2021-2031F |
6.4.6 Philippines Safflower Oil Market Revenues & Volume, By Online Stores, 2021-2031F |
6.4.7 Philippines Safflower Oil Market Revenues & Volume, By Others, 2021-2031F |
7 Philippines Safflower Oil Market Import-Export Trade Statistics |
7.1 Philippines Safflower Oil Market Export to Major Countries |
7.2 Philippines Safflower Oil Market Imports from Major Countries |
8 Philippines Safflower Oil Market Key Performance Indicators |
8.1 Consumer awareness levels about the health benefits of safflower oil |
8.2 Number of new product launches and innovations in the safflower oil market |
8.3 Growth in the number of safflower oil manufacturers and suppliers |
8.4 Adoption rate of safflower oil in various culinary applications |
8.5 Trends in consumer preferences towards natural and organic cooking oils |
9 Philippines Safflower Oil Market - Opportunity Assessment |
9.1 Philippines Safflower Oil Market Opportunity Assessment, By Nature, 2021 & 2031F |
9.2 Philippines Safflower Oil Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Philippines Safflower Oil Market Opportunity Assessment, By End Use, 2021 & 2031F |
9.4 Philippines Safflower Oil Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
10 Philippines Safflower Oil Market - Competitive Landscape |
10.1 Philippines Safflower Oil Market Revenue Share, By Companies, 2024 |
10.2 Philippines Safflower Oil Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |