| Product Code: ETC224307 | 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 |
In 2024, Singapore`s safflower oil market saw a steady increase in imports. The demand for safflower oil in Singapore was driven by its perceived health benefits and versatility in various culinary applications. The import trend reflected a growing preference for healthier cooking oils among consumers.
The Singapore safflower oil market is poised for gradual growth as consumers seek healthier cooking oil alternatives. Safflower oil`s high smoke point and favorable unsaturated fatty acid profile make it suitable for various culinary applications. The demand for safflower oil is influenced by the growing interest in heart-healthy cooking oils and the desire to reduce saturated fat intake. Its potential benefits for skin health also contribute to its appeal. As consumer preferences align with nutritional awareness, safflower oil`s market prospects remain positive, driven by its functional attributes and health-related advantages.
The Singapore pine nuts market is influenced by factors like changing dietary preferences and culinary trends. Pine nuts are a popular ingredient in Asian and Mediterranean cuisines, and the rising popularity of these cuisines in Singapore has boosted the demand for pine nuts. Additionally, the perception of pine nuts as a healthy snack and their use in pesto sauces and salads contribute to their market growth.
The safflower oil market in Singapore encounters various difficulties. One significant challenge is the lack of awareness among consumers about the health benefits and culinary uses of safflower oil, leading to low demand. Competition from more established cooking oils, such as olive and sunflower oil, presents a hurdle. Additionally, sourcing safflower seeds for oil production and ensuring a stable supply chain can be problematic. Moreover, fluctuations in international safflower prices and concerns about adulteration are areas of concern.
The Singapore safflower oil market faced challenges during the COVID-19 pandemic. Safflower oil is commonly used in cooking and as a dietary supplement. As restaurants and foodservice establishments temporarily closed or operated with restrictions, the demand for safflower oil in the food industry decreased. However, the health-conscious trend among consumers led to an uptick in safflower oil sales in the retail sector. People increasingly sought cooking oils perceived as healthy, contributing to the market`s recovery. Despite initial setbacks, the safflower oil market adapted to changing consumer preferences and maintained its presence.
The Singapore safflower oil market is led by established players such as SafflowerGold, PureSafflower, and Healthwise Oils. They supply safflower oil, known for its health benefits and culinary versatility.
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 Singapore Safflower Oil Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Safflower Oil Market Revenues & Volume, 2021 & 2031F |
3.3 Singapore Safflower Oil Market - Industry Life Cycle |
3.4 Singapore Safflower Oil Market - Porter's Five Forces |
3.5 Singapore Safflower Oil Market Revenues & Volume Share, By Nature, 2021 & 2031F |
3.6 Singapore Safflower Oil Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Singapore Safflower Oil Market Revenues & Volume Share, By End Use, 2021 & 2031F |
3.8 Singapore Safflower Oil Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
4 Singapore Safflower Oil Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of safflower oil |
4.2.2 Growing demand for natural and organic food products |
4.2.3 Rising prevalence of lifestyle diseases driving the demand for healthier cooking oils |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting production costs |
4.3.2 Competition from other healthy cooking oils such as olive oil and coconut oil |
5 Singapore Safflower Oil Market Trends |
6 Singapore Safflower Oil Market, By Types |
6.1 Singapore Safflower Oil Market, By Nature |
6.1.1 Overview and Analysis |
6.1.2 Singapore Safflower Oil Market Revenues & Volume, By Nature, 2021-2031F |
6.1.3 Singapore Safflower Oil Market Revenues & Volume, By Organic, 2021-2031F |
6.1.4 Singapore Safflower Oil Market Revenues & Volume, By Conventional, 2021-2031F |
6.2 Singapore Safflower Oil Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Singapore Safflower Oil Market Revenues & Volume, By High Oleic, 2021-2031F |
6.2.3 Singapore Safflower Oil Market Revenues & Volume, By High Linoleic, 2021-2031F |
6.3 Singapore Safflower Oil Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 Singapore Safflower Oil Market Revenues & Volume, By Retail/Household, 2021-2031F |
6.3.3 Singapore Safflower Oil Market Revenues & Volume, By Foodservice, 2021-2031F |
6.3.4 Singapore Safflower Oil Market Revenues & Volume, By Food & Beverage Processing, 2021-2031F |
6.3.5 Singapore Safflower Oil Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.3.6 Singapore Safflower Oil Market Revenues & Volume, By Dietary Supplements, 2021-2031F |
6.3.7 Singapore Safflower Oil Market Revenues & Volume, By Cosmetics & Personal Care, 2021-2031F |
6.4 Singapore Safflower Oil Market, By Sales Channel |
6.4.1 Overview and Analysis |
6.4.2 Singapore Safflower Oil Market Revenues & Volume, By Direct Sales, 2021-2031F |
6.4.3 Singapore Safflower Oil Market Revenues & Volume, By Modern Trade, 2021-2031F |
6.4.4 Singapore Safflower Oil Market Revenues & Volume, By Convenience Stores, 2021-2031F |
6.4.5 Singapore Safflower Oil Market Revenues & Volume, By Specialty Stores, 2021-2031F |
6.4.6 Singapore Safflower Oil Market Revenues & Volume, By Online Stores, 2021-2031F |
6.4.7 Singapore Safflower Oil Market Revenues & Volume, By Others, 2021-2031F |
7 Singapore Safflower Oil Market Import-Export Trade Statistics |
7.1 Singapore Safflower Oil Market Export to Major Countries |
7.2 Singapore Safflower Oil Market Imports from Major Countries |
8 Singapore Safflower Oil Market Key Performance Indicators |
8.1 Consumer adoption rate of safflower oil in Singapore |
8.2 Number of safflower oil product launches in the market |
8.3 Percentage increase in safflower oil usage in restaurants and food services |
8.4 Average price of safflower oil compared to other cooking oils in the market |
8.5 Growth in the number of retail outlets carrying safflower oil |
9 Singapore Safflower Oil Market - Opportunity Assessment |
9.1 Singapore Safflower Oil Market Opportunity Assessment, By Nature, 2021 & 2031F |
9.2 Singapore Safflower Oil Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Singapore Safflower Oil Market Opportunity Assessment, By End Use, 2021 & 2031F |
9.4 Singapore Safflower Oil Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
10 Singapore Safflower Oil Market - Competitive Landscape |
10.1 Singapore Safflower Oil Market Revenue Share, By Companies, 2024 |
10.2 Singapore Safflower Oil Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |