Sunflower Oil Market Share, Growth, Industry Segmentation, Analysis and Forecast 2029


Posted August 31, 2023 by harshada

Sunflower Oil Market was valued at USD 20.47 Billion in 2022, and it is expected to reach USD 29.19 Billion by 2029, exhibiting a CAGR of 5.2% during the forecast period.
 
Sunflower Oil Market Overview:

The purpose of this study is to provide a thorough overview of the Sunflower Oil Market by component, application, industry, and geography. The article goes into great detail about the primary factors influencing the Sunflower Oil Market's growth. The report also includes a comprehensive examination of the market's value chain.

Market Scope:

Secondary research is used to assess and predict the Sunflower Oil Market industry, and it begins with sources that gather revenue data from major suppliers. When assessing market segmentation, vendor offerings are also considered. Using the bottom-up approach, the entire size of the Sunflower Oil Market was calculated using the income of major enterprises.

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Drivers:

Native to North and Central America, sunflowers (Helianthus) are cultivated extensively for their seeds, blossoms, and oil. The oil that is derived from the seeds is widely used worldwide in the chemical, energy, and food industries. However, its widespread use in the food industry is one of the factors fueling market growth. A study in Oil seeds & Fats Crops and Lipids (OCL) 2022 found that sunflower seed oil is the fourth most popular vegetable oil in the world. Russia and Ukraine produced 53% of the world's sunflower oil in 2018. The world produced 18 million tonnes of sunflower oil in 2018, with Ukraine and Russia producing 53% of the total.

Segmentation:

The market is divided into two categories: processed and organic, depending on the product type. By 2029, the processed sunflower oil category is anticipated to have the greatest market share. People frequently use sunflower oil with additives and in refined form. Due to the rising need for sunflower oil that is nutrient-rich, processed sunflower oil has witnessed an 8% increase in demand. Due to a rise in the consumption of organic foods, demand for sunflower oil in its organic form has increased by 2.1%. These are the main factors that are anticipated to accelerate the expansion of the processed Sunflower Oil Market during the projected period of 2023–2029 globally.

The market is divided into Industrial, Commercial, Domestic, and Others segments based on the end-user. During the projection period, the industrial segment is anticipated to increase fast at a CAGR. Due to a growth in interest in inexpensive, nutritious cooking oil, demand for sunflower oil in the industrial sector has climbed by 3.4%. More than 60% of the sunflower oil utilised in the industrial sector is believed to be consumed by the food and beverage industry. Due to growing health concerns, family cooking using sunflower oil has increased by 4.7%. Due to the preference of food production firms for sunflower oil as a cooking oil, the worldwide business sector has expanded its utilisation of it by 3%.

Key Players:

We investigated the Sunflower Oil Market from every angle, including both primary and secondary research methods. This improved our grasp of current market dynamics such as supply-demand imbalances, pricing trends, product preferences, consumer behaviours, and so on. Following that, the data is collated and evaluated using a variety of market estimation and data validation approaches. In addition, we have an in-house data forecasting engine that predicts market growth until 2029.

The major players covered in the Sunflower Oil Market report are

1. Cargill
2. Archer Daniels Midland Company
3. Conagra Brands, Inc.
4. Bunge Ltd.
5. Hanoon Oil Factory
6. Colorado Mills
7. PPB Group Barhad
8. Parakh Group
9. Abu Bhabi Vegetable Oil
10.Rein Oil CC
11.Aston
12.EFKO
13.Oliyar Production
14.Delizio
15.Avril Group
16.Optimusagro Trade
17.RISOIL SA
18.Marico & Rein Oil CC
19.Macjerry Sunflower oil
20.KAISSA Oil
21.Adani Wilmar
22.Kernel
23.Delta Wilmar CIS
24.UkrOliya LLC

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Regional Analysis:

Market share information for North America, Europe, Asia-Pacific, the Middle East, Africa, and South America are available separately. Maximize analysts assess competitive strengths and conduct competitive analysis on each rival separately.

COVID-19 Impact Analysis on Sunflower Oil Market:

Aerospace and defence, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance are among the industries affected by the COVID-19 epidemic. COVID-19 has had an impact on the Sunflower Oil Market as a whole, as well as the growth rate in 2019-2020 as COVID-19's impact spreads. Our most recent research, perspectives, and management knowledge are critical to the enterprises and associations in the Sunflower Oil Market sector, which is pushing through the COVID-19 emergency to deal with the danger of digitization employment in order to provide trustworthy facts and experiences to CEOs.

Key Questions Answered in the Sunflower Oil Market Report are

• Which segment captured the most market share in the Sunflower Oil Market market?
• What was the Sunflower Oil Market market's competitive environment in 2022?
• What are the primary elements driving the Sunflower Oil Market market's growth?
• In 2022, which region had the most proportion of the Sunflower Oil Market market?

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Issued By harshada
Country India
Categories Apparel , Blogging , Food
Tags sunflower oil market size , sunflower oil market share , sunflower oil market analysis
Last Updated August 31, 2023