Latest News- Sunflower Oil Market: Food is expected to lead the Application segment during 2025-2029

The Sunflower Oil Market is being driven by Growing use of sunflower oil for biodiesel production

The Sunflower Oil Market is expected to grow at a CAGR of 5.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 6334.8 million. In the dynamic global sunflower oil market, companies are prioritizing innovative and eye-catching packaging to captivate consumers. The appearance of sunflower oil products significantly influences consumer perception and purchasing decisions. By offering distinctive packaging, brands differentiate themselves from competitors. This may include unique styles, eco-friendly materials, or convenient sizes. The importance of attractive packaging cannot be overstated in a crowded marketplace. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Food
  • Industrial
• Distribution Channel
  • Offline
  • Online
• Type
  • High-oleic
  • Mid-oleic
  • Linoleic
• Geography
  • Europe
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Middle East and Africa
    • South Africa
  • South America
    • Argentina
  • North America
    • US

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing use of sunflower oil for biodiesel production
• Increasing preference for healthy food ingredients
• Increasing popularity of high-oleic sunflower oil

However, the market also witnesses some limitations, which are as follows:

• Availability of substitutes
• Fluctuation in oilseed crop prices due to lack of land
• High import tax on sunflower oil

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Market Scope in Sunflower Oil Market Research Report

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Research Analysis Overview

The sunflower oil industry encompasses sunflower oil production, consumption, export, and import. Sunflower oil blends and derivatives, including sunflower lecithin, meal, and cake, are key byproducts. Innovations in agricultural technology, precision agriculture, and crop science drive production. Consumer preferences for plant-based oils, health and wellness, and food safety regulations influence sunflower oil trends. Prices, economic factors, and environmental sustainability are critical elements. Sunflower oil competes with alternatives like canola oil, soybean oil, palm oil, olive oil, vegetable oil, seed oil, and edible oils in the oilseed market. Food processing, technology, and packaging innovations impact the industry. Genetic engineering and food safety regulations also play a role. Supply chain disruptions and economic factors can affect sunflower oil prices. Environmental sustainability is a growing concern in sunflower oil production.

Market Research Overview

The sunflower oil market is a significant segment of the global packaged foods and meats industry, encompassing vendors engaged in sunflower seed crushing, oil extraction, and refining processes to produce high-quality culinary oils. The market's size is determined by the consolidated revenue generated by these entities. It is essential to note that the market scope does not extend to manufacturers of food processing equipment or producers of packaged alcoholic and non-alcoholic beverages, including mineral waters. The sunflower oil market growth is influenced by the increasing consumer preference for healthier cooking alternatives, with sunflower oil being rich in monounsaturated fatty acids and vitamin E. Additionally, the health benefits associated with the intake of minimally processed foods, such as sunflower seeds, contribute to the market's expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/