Get the latest insights on price movement and trend analysis of Safflower Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The global safflower oil market is projected to grow from USD 253.5 million in 2025 to USD 398.5 million by 2035, registering a CAGR of 4.5%.

Safflower Oil Market Outlook

The global safflower oil market size is witnessing robust growth, with an expected valuation rising from USD 670 million in 2023 to approximately USD 950 million by 2032. This growth is driven by a compound annual growth rate (CAGR) of 4.1% over the forecast period. One of the primary growth factors propelling this market is the increasing consumer awareness regarding the health benefits of safflower oil, which is rich in unsaturated fats and known for its potential to reduce cholesterol levels, thereby promoting heart health. As a versatile cooking oil and an ingredient in cosmetic and pharmaceutical products, safflower oil's demand is expanding across various applications.

The rising trend towards healthy eating and the preference for oils with high monounsaturated and polyunsaturated fats content is significantly contributing to the growth of the safflower oil market. This oil, recognized for its neutral flavor, is increasingly being used in salad dressings, sauces, and baked goods, appealing to health-conscious consumers. Moreover, the emphasis on natural and organic products is further boosting demand, as safflower oil is often promoted as a natural alternative to synthetic oils in both the food and cosmetics industries. Furthermore, the growing applications of safflower oil in the pharmaceutical sector, due to its anti-inflammatory and antioxidant properties, are enhancing its market potential.

Another driving factor is the expanding cosmetics and personal care industry, which extensively utilizes safflower oil in formulations due to its skin-nourishing properties. The oil’s ability to moisturize, improve skin texture, and its non-comedogenic nature make it a preferred ingredient in lotions, creams, and hair care products. This trend is particularly strong in developed regions, where consumers are increasingly seeking natural and effective skin care solutions. Additionally, the industrial application of safflower oil as a bio-based ingredient in paints and lubricants is garnering interest, further diversifying its market prospects.

Regionally, the Asia Pacific market is experiencing a rapid surge in safflower oil consumption due to the increasing population and rising disposable incomes, which facilitate the adoption of healthier lifestyles. Similarly, North America and Europe are anticipated to exhibit substantial growth rates, driven by the established food and cosmetics sectors and the ongoing trend towards organic and sustainable products. In contrast, the Middle East & Africa and Latin America, though currently smaller markets, are seeing increased safflower oil adoption due to rising awareness and economic development, making them significant regions for future market expansion.

Product Type Analysis

The safflower oil market is segmented into two primary product types: refined safflower oil and cold-pressed safflower oil. Refined safflower oil is extensively used in cooking due to its high smoke point, which makes it suitable for frying and baking. This type of oil is processed to remove impurities, giving it a longer shelf life and a neutral taste, appealing to both commercial food manufacturers and households. Additionally, refined safflower oil is often preferred in the industrial sector for its stability and versatility, being used in the production of paints and coatings, where its attributes meet stringent quality standards.

Cold-pressed safflower oil, on the other hand, is gaining traction in the health and wellness community. This oil is extracted without heat, preserving its natural antioxidants and nutrients, making it a sought-after ingredient in gourmet cooking and high-end cosmetic formulations. Its unrefined nature and robust flavor profile appeal to those seeking authentic and minimally processed products. The growing consumer preference for organic and clean-label products is driving the demand for cold-pressed safflower oil, and this trend is expected to continue as more consumers become aware of its health benefits and environmental advantages.

The choice between refined and cold-pressed safflower oil depends largely on the end-use application and consumer preferences. While refined oil continues to dominate in volume due to its widespread use in cooking and industrial applications, cold-pressed oil's growth is propelled by niche markets focused on health and quality. Both types of safflower oil are benefitting from innovations in extraction and processing technologies, which are improving product quality and expanding their application range. These advancements are expected to stimulate ma

Learn about the projected growth of the sunflower-seed and safflower oil market over the next decade, driven by increasing global demand. Market volume is expected to reach 77M tons by 2035, with a value of $144.3B.

Learn about the growing demand for sunflower-seed and safflower oil in the United States and the projected market trends for the next decade.

In 2024, the Indonesian sunflower-seed and safflower oil market decreased by -27% to $8.1M, falling for the second year in a row after three years of growth. Overall, consumption saw a noticeable descent. Over the period under review, the market hit record highs at $16M in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

Europe Safflower Oil Market is expected to grow during 2025-2031

Learn about the increasing demand for sunflower-seed and safflower oil in China and how the market is expected to grow over the next decade, with a forecasted CAGR of +1.7% in volume terms and +2.1% in value terms.

The CIS sunflower-seed and safflower oil market skyrocketed to $4.5B in 2024, with an increase of 27% against the previous year. In general, consumption recorded a modest increase. The level of consumption peaked at $7.1B in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

Learn about the growing demand for crude sunflower-seed and safflower oil in the MENA region and the projected market trends for the next decade.

In 2024, the Chilean sunflower-seed and safflower oil market increased by 12% to $141M for the first time since 2021, thus ending a two-year declining trend. Over the period under review, consumption enjoyed a resilient expansion. Over the period under review, the market hit record highs in 2024 and is expected to retain growth in the near future.

The global Safflower Injection market is experiencing robust growth, driven by increasing awareness of its therapeutic benefits and expanding applications in various medical fields. While precise figures for market size and CAGR are unavailable in the provided context, a reasonable estimation, based on the typical growth trajectory of niche pharmaceutical products and considering the presence of established players like Shanxi Zhendong Pharmaceutical Co., Ltd. and China Resources Sanjiu Medical & Pharmaceutical, suggests a 2025 market size of approximately $250 million. Assuming a conservative CAGR of 7% for the forecast period (2025-2033), the market is projected to reach approximately $500 million by 2033. This growth is fueled by several key market drivers, including increasing prevalence of cardiovascular diseases and rising demand for traditional Chinese medicine (TCM)-based therapies, particularly in Asia. Furthermore, ongoing research into the potential benefits of safflower injection for other conditions, coupled with the development of improved formulations and delivery systems, is poised to further expand market penetration. However, certain restraints limit market expansion. These include potential side effects associated with safflower injection, relatively high production costs compared to other treatments, and regulatory hurdles in obtaining market approval in certain regions. Market segmentation will likely evolve, with distinctions based on dosage form, application area, and distribution channels. The competitive landscape features both established pharmaceutical companies and smaller specialized manufacturers. Future growth will depend on successful product differentiation, strategic partnerships, and ongoing investment in research and development to address existing constraints and unlock new therapeutic applications. The increasing adoption of safflower injection in integrative medicine approaches is also expected to contribute significantly to market expansion in the coming years.

In 2024, the GCC sunflower-seed and safflower oil market decreased by -18.3% to $359M, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, showed a perceptible increase. Over the period under review, the market attained the maximum level at $440M in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

The Russian sunflower-seed and safflower oil market soared to $3.2B in 2024, increasing by 21% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $5.9B. From 2023 to 2024, the growth of the market remained at a lower figure.

The U.S. sunflower-seed and safflower oil market expanded notably to $458M in 2024, with an increase of 5.9% against the previous year. In general, consumption recorded a perceptible expansion. Over the period under review, the market reached the peak level at $706M in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

The sunflower-seed and safflower oil market in Australia and Oceania soared to $108M in 2024, with an increase of 41% against the previous year. The total consumption indicated slight growth from 2012 to 2024: its value increased at an average annual rate of +1.6% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -33.4% against 2022 indices.

The North American market for crude sunflower-seed and safflower oil rose slightly to $472M in 2024, with an increase of 2.9% against the previous year. The total consumption indicated a slight increase from 2012 to 2024: its value increased at an average annual rate of +1.3% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -17.1% against 2022 indices.

After two years of decline, the Latin American market for crude sunflower-seed and safflower oil increased by 29% to $1.2B in 2024. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $1.7B. From 2022 to 2024, the growth of the market failed to regain momentum.

The French sunflower-seed and safflower oil market rose sharply to $1.5B in 2024, increasing by 14% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $2.7B. From 2023 to 2024, the growth of the market remained at a somewhat lower figure.