NEW
YORK, July 25, 2024 /PRNewswire/ -- The global
sunflower oil market size is estimated to grow by USD 5.83 billion from 2024-2028, according to
Technavio. The market is estimated to grow at a CAGR of 5.42%
during the forecast period. Growing use of sunflower oil for
biodiesel production is driving market growth, with a
trend towards introduction of new packaging for sunflower oil.
However, availability of substitutes poses a challenge. Key
market players include 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, and ViOil
Industrial Group.
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Sunflower Oil Market
Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
5.42%
|
Market growth
2024-2028
|
USD 5839.8
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
5.04
|
Regional
analysis
|
Europe, APAC, Middle
East and Africa, South America, and North America
|
Performing market
contribution
|
Europe at
38%
|
Key
countries
|
Russia, Ukraine,
Argentina, China, and Brazil
|
Key companies
profiled
|
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, and ViOil Industrial
Group
|
Market Driver
In the dynamic global sunflower oil market, vendors are focusing
on innovative packaging solutions to capture consumer attention.
Attractive and eye-catching designs on sunflower oil bottles make a
significant impact on store shelves, influencing potential buyers'
purchasing decisions. Differentiation is crucial in a crowded
market, and distinctive packaging sets brands apart. Convenient
handling, pouring, and storing options in new packaging formats
cater to consumers' needs. Sustainability is a growing concern, and
eco-friendly packaging materials or reduced waste packaging
resonate with environmentally-conscious customers. Comprehensive
product labels with detailed nutritional information,
certifications, and usage guidelines foster consumer trust. By
addressing customer preferences and expectations, new packaging not
only boosts sales but also contributes to the growth of the
sunflower oil market.
Sunflower oil is a popular cooking oil with trends shifting
towards healthier options. In the edible oil market, sunflower oil
competes with palm oil, cottonseed oil, and rapeseed oil. Consumers
are increasingly seeking Non-GMO, vegan, halal, and fortified
sunflower oils for various applications. The oil is used in infant
formulas, bakery, snacks, candy goods, and HoReCa sectors.
Sunflower oil extraction involves seeds or flowers. In the energy
industry, it's used as a renewable alternative to fossil fuels and
as a feedstock crop for biodiesel production. Health concerns
include cardiovascular ailments, obesity, and coronary heart
disease. Fortified sunflower oils contain essential vitamins and
minerals like Vitamin A, E, and phytosterols. Sunflower oil
contains monounsaturated oleic acid and polyunsaturated linoleic
acid, which can increase good cholesterol and reduce bad
cholesterol. However, it can be susceptible to rancidity.
Sustainable production and environmentally responsible practices
are crucial to mitigate health issues and maintain consumer trust.
Sunflower oil is also used in varnishes, paints, and as an
alternative biofuel. Soybeans are another common feedstock crop for
edible oils and biodiesel. The World Health Organization emphasizes
the importance of vegetable oil fortification to address
malnutrition and mineral deficiencies.
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Market Challenges
- Sunflower oil is a popular cooking oil due to its unsaturated
fatty acids. However, other vegetable oils like palm oil, olive
oil, soybean oil, and canola oil serve as viable alternatives.
Soybean oil, for instance, contains essential fatty acids such as
linoleic acid, alpha-linolenic acid, and mono-unsaturated oleic
acid, which maintain a healthy balance of fatty acids in the body
and regulate cholesterol levels. Canola oil, rich in vitamin K and
E, is beneficial for heart health and has the least saturated fat
among vegetable oils. Both canola oil and soybean oil are sources
of omega-3 fatty acids, which protect cell membranes. Olive oil,
with its high mono-unsaturated fat content, aids in reducing
cardiovascular diseases and cholesterol levels. The availability of
these substitutes may impact the sunflower oil market growth during
the forecast period.
- Sunflower Oil Market: Overview The Sunflower Oil market is a
significant player in the global Vegetable Oil industry. The market
primarily focuses on the extraction of oil from Sunflower Seeds.
The primary challenges for Sunflower Oil producers include the
increasing demand for Biodiesel in the Energy industry and
competition from other edible oils like Olive Oil, Canola Oil, and
Coconut Oil. Sunflower Oil contains essential fatty acids like
Oleic acid, Linoleic acid, and Phytosterols, which are beneficial
for reducing bad cholesterol levels. The oil is widely used in the
HoReCa sector for cooking due to its high smoke point and
stability. However, the market faces challenges from the increasing
imports of Edible Oils and the use of Trans fats and Partially
Hydrogenated Oils in processed foods. The World Health Organization
recommends limiting Trans fats intake to improve heart health.
Sunflower Oil also has applications in the Biofuels and Personal
Care industries due to its high content of Monounsaturated and
Polyunsaturated fatty acids, Vitamin A, Vitamin E, and Mineral
content. The Sunflower Seed Market is also growing due to the
increasing demand for Sunflower Seeds as a snack and in the
production of Sunscreen, Facial masks, and Eye treatments.
Mid-Oleic Sunflower Oil and High-Oleic Sunflower Oil are gaining
popularity due to their higher monounsaturated fat content, making
them a healthier alternative to traditional Sunflower Oil. The
market also faces competition from Linoleic Oil and other Mid-Oleic
and High-Oleic Oils. In conclusion, the Sunflower Oil market faces
challenges from various sectors, including the Energy industry,
Food, and Personal Care industries. Producers must focus on
producing healthier alternatives and reducing the use of Trans fats
to remain competitive in the market.
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Segment Overview
This sunflower oil market report extensively covers market
segmentation by
- Application
- Distribution Channel
- Geography
- 3.1 Europe
- 3.2 APAC
- 3.3 Middle East and
Africa
- 3.4 South America
- 3.5 North America
1.1 Food- Sunflower oil is a popular edible oil derived
from sunflower seeds. The global sunflower oil market is growing
due to its health benefits and versatility in cooking. Major
producers include Ukraine,
Russia, and Argentina. Consumers prefer sunflower oil for
its high smoke point and rich nutty flavor. The market is driven by
increasing demand from food processing industries and household
usage. Sunflower oil is also used in cosmetics and biodiesel
production, expanding its applications. Overall, the sunflower oil
market is experiencing steady growth and is expected to continue
its expansion in the coming years.
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analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
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The global Cosmetic Oil Market is thriving, driven by
increasing consumer demand for natural and organic skincare
products. This sector is expected to see robust growth due to
rising awareness about the benefits of essential oils and botanical
extracts. In contrast, the Edible Oil Market is also
expanding, fueled by the growing preference for healthy cooking
oils and a rise in health-conscious consumers. Both markets are
experiencing a surge in innovation and product diversification,
with key players focusing on sustainability and quality to meet
evolving consumer needs.
Research Analysis
Sunflower oil is a popular vegetable oil extracted from
sunflower seeds. The oil is rich in monounsaturated fatty acids,
primarily oleic acid, and contains significant amounts of linoleic
acid, an essential omega-6 fatty acid. Sunflowers are grown for
both oil extraction and for their bright yellow flowers. Sunflower
oil is used extensively in the food industry for cooking, baking,
and as a salad dressing. It is also used in the energy industry as
a biofuel. In the personal care industry, sunflower oil is used in
sunscreens, facial masks, eye treatments, and other cosmetics due
to its nourishing properties. The sunflower seed market is also
growing, with demand driven by the health benefits of the seeds,
which are rich in vitamins and minerals, and are known to help
reduce the risk of health issues such as coronary heart disease,
obesity, and cardiovascular ailments. Fortified sunflower oils are
also available in the market, providing additional health benefits
such as good cholesterol and essential vitamins.
Market Research Overview
Sunflower Oil: A Versatile Vegetable Oil Extracted from
Sunflower Seeds Sunflower oil, a popular vegetable oil, is derived
from sunflower seeds. The oil is rich in monounsaturated and
polyunsaturated fatty acids, including oleic acid, linoleic acid,
and palmitic acid. These healthy fats contribute to reducing bad
cholesterol levels and increasing high-density lipoproteins (HDL),
which is known as good cholesterol. Sunflower oil is widely used in
various industries, including the energy sector for biodiesel
production and in the HoReCa sector for cooking and frying due to
its high smoke point. It is also used in the production of
oleochemicals, such as oleic acid, linoleic acid, and phytosterols,
which have applications in the manufacturing of cosmetics,
pharmaceuticals, and food fortification. The oil is also rich in
vitamins A, E, and K, as well as minerals like calcium, magnesium,
and phosphorus. However, sunflower oil may contain trans fats if
hydrogenated, which can lead to health issues like coronary heart
disease, obesity, and cardiovascular ailments. Sunflower oil is
often compared to olive oil, canola oil, coconut oil, and other
edible oils in terms of nutritional value and health benefits.
Mid-oleic and high-oleic sunflower oils are gaining popularity due
to their higher monounsaturated fat content and longer shelf life.
Sunflower oil is also used as a feedstock crop for producing
alternative biofuels, contributing to sustainable energy and
reducing reliance on fossil fuels. However, it is essential to
ensure the sunflower oil is not rancid, as this can negatively
impact its taste and nutritional value. Sunflower oil is also used
in various industries, including food processing, bakery, snack,
candy goods, personal care, and industrial applications. The
sunflower seed market is also growing, with demand for non-GMO,
vegan, halal, and organic sunflower seeds. Sunflower oil is a
versatile and essential ingredient in various industries, providing
health benefits and contributing to sustainable energy solutions.
However, it is crucial to ensure the oil is of high quality and
free from trans fats and other unhealthy additives.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Distribution Channel
-
- Geography
-
- Europe
- APAC
- Middle East And Africa
- South America
- North America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
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