Authored By: Sarah
11 Jul 2024

 Sunflower Oil Market Size to grow by USD 5839.8 million between 2024-2028

According to a research report “ Sunflower Oil Market” by Application (Food, Industrial) Distribution Channel (Offline, Online) Geography (Europe, APAC, Middle East and Africa, South America, North America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 5839.8 million, at a CAGR of  5.42% during the forecast period. The sunflower oil market is poised for significant growth due to the increasing demand for sunflower oil as a feedstock for biodiesel production. With the depletion of fossil fuels and the shift towards sustainable energy sources, sunflower oil has emerged as a viable alternative. Sunflower seeds, which have a high oil content, can yield more oil per acre than soybeans, making sunflower cultivation an attractive proposition for both small-scale and large-scale farmers. The ability to reuse cooking oil as a raw material for biodiesel production further enhances the sustainability and eco-friendliness of this fuel source, resulting in lower greenhouse gas emissions and reduced reliance on traditional fossil fuels.

Browse market data tables, figures, and in-depth TOC on “Sunflower Oil Market” by Application (Food, Industrial) Distribution Channel (Offline, Online) Geography (Europe, APAC, Middle East and Africa, South America, North America) Global Forecast to 2028. Download Free Sample

 

By Application, the Food segment is projected to dominate the market size in 2024

The sunflower oil market exhibits robust growth, driven by its health benefits and increasing demand for natural oils. Key players in this industry focus on expanding production capacity and improving product quality to meet consumer preferences. Market trends include the adoption of sustainable farming practices and innovation in packaging solutions. The market is expected to continue its upward trajectory, driven by rising disposable income and changing dietary habits.

By Distribution Channel, Offline  segment is expected to hold the largest market size for the year 2024

The sunflower oil market exhibits robust growth, driven by its health benefits and increasing demand from the food industry. This edible oil derived from sunflower seeds is rich in monounsaturated and polyunsaturated fatty acids, making it a preferred choice for consumers seeking heart health. Additionally, its versatility in various culinary applications and its long shelf life contribute to its market expansion. Businesses are capitalizing on this trend by investing in sunflower oil production and distribution, ensuring a steady supply to meet growing consumer demand.

Europe is forecasted to hold the largest market size by region in 2024

Sunflower oil, a prominent edible oil in the global market, experiences robust demand due to its health benefits and versatile applications. Key players in this sector include Archer Daniels Midland Company, Cargill, Inc., and Bunge Limited. They focus on expanding production capacity and enhancing product offerings to cater to increasing consumer preferences. The market is expected to grow at a steady pace, driven by rising population and changing dietary trends.

The Sunflower Oil Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Abu Dhabi Vegetable Oil Co.
  • Adani Wilmar Ltd.
  • Archer Daniels Midland Co.
  • Aveno NV
  • Avril SCA
  • Bunge Ltd.
  • Cargill Inc.
  • Colorado Mills
  • Conagra Brands Inc.
  • Kaissa Oil
  • Kernel Holding S.A.
  • M.K. Agrotech Pvt. Ltd.
  • MK GROUP
  • Oliyar Co.
  • Optimus Agro
  • Parakh Group
  • PPB Group Berhad
  • REIN Oil
  • Rusagro Group of Companies LLC
  • ViOil Industrial Group
.

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Research Analysis Overview

Sunflower oil, derived from sunflower seeds, is a popular vegetable oil known for its rich content of vitamins and minerals. It is particularly high in vitamin E and monounsaturated fatty acids like oleic acid, making it a heart-healthy choice. Fortified sunflower oils may contain additional vitamins and minerals, such as vitamin K and vitamin A. Sunflower oil is commonly used for cooking due to its high smoke point and neutral flavor. It is also used in the production of biofuels and as an ingredient in various industries, including food and personal care. Health issues such as cardiovascular ailments, obesity, and coronary heart disease have led to increased demand for sunflower oil. High-oleic and mid-oleic sunflower oils, which contain more monounsaturated fats and less linoleic acid than regular sunflower oil, are gaining popularity for their health benefits. Sunflower seeds, from which sunflower oil is extracted, also have various uses. They are used in the production of sunflower oil, as well as in food, animal feed, and personal care products. Sunflower seeds are also used in eye treatments, facial masks, and sunscreen due to their nutrient-rich properties. Sunflower oil is also used in the energy industry as a feedstock for biodiesel production. Sunflowers themselves are often grown for their flowers, which are used for ornamental purposes and in the production of sunflower oil for personal care products. In summary, sunflower oil is a versatile and nutritious oil with a wide range of applications in food, personal care, and industrial sectors. Its health benefits, particularly for cardiovascular health, make it a popular choice for consumers looking to improve their overall wellbeing. Additionally, the sunflower seed market is also growing due to its various uses, from food to personal care and industrial applications.

Market Research Overview

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