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    Sunflower Oil Market

    ID: MRFR/F-B & N/7320-CR
    100 Pages
    Snehal Singh
    February 2021

    Sunflower Oil Market Research Report Information By Type (Linoleic Oil and Mid-Oleic Oil and High-Oleic Oil), By Application (Food & Beverages, Biofuel and Personal Care), and By Region (North America, Europe, Asia-Pacific, and Rest Of The World) - Forecast Till 2030

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    Sunflower Oil Market Summary

    As per Market Research Future Analysis, the Global Sunflower Oil Market was valued at USD 15.9 billion in 2021 and is projected to grow from USD 16.7 billion in 2022 to USD 23.5 billion by 2030, with a CAGR of 5.00% during the forecast period. The market is driven by the increasing use of sunflower oil in various industries, particularly in food & beverages, and rising consumer awareness regarding health benefits. The production of sunflower oil is expected to reach 60 million tonnes by 2050, indicating a rise in per capita consumption. The market is also positively impacted by the growing demand for biodiesel derived from sunflower oil, as it is a sustainable energy source.

    Key Market Trends & Highlights

    Key trends driving the sunflower oil market include health awareness and biodiesel production.

    • Sunflower oil market size in 2021: USD 15.9 billion.
    • Projected market size by 2030: USD 23.5 billion.
    • CAGR during 2022-2030: 5.00%.
    • Production expected to reach 60 million tonnes by 2050.

    Market Size & Forecast

    2021 Market Size USD 15.9 Billion
    2022 Market Size USD 16.7 Billion
    2030 Market Size USD 23.5 Billion
    CAGR (2022-2030) 5.00%

    Major Players

    Major players include Cargill Incorporated, Archer Daniels Midland Company, Bunge Ltd., Conagra Brands, Inc., and AAK AB.

    Sunflower Oil Market Trends

    Widespread use of healthful cooking oils to propel the market growth

    According to market dynamics, in recent years, awareness of the beneficial health effects of polyunsaturated fatty acids (PUFA) has grown significantly. Due to this, cooking oils that include MUFA and PUFA have seen an upsurge in demand. The ingestion of MUFA may raise the body's high-density lipoproteins (HDL), also known as "good cholesterol," according to numerous scientific research. The idea that edible oils with at least 70% oleic acid may lower the risk of coronary heart disease is also backed by the Food and Drug Administration (FDA).

    Additionally, as food is increasingly used professionally for culinary reasons, consumption has increased due to the growing  population and rising food demand. Sunflower oil production is anticipated to reach 60 million tonnes by 2050, according to the Food and Agriculture Organization (FAO), indicating an increase in per capita consumption. Thus, this factor is driving the market CAGR.

    Furthermore, consumers' attention has steadily switched toward fortified or nutrient-rich edible oils due to rising health and wellness trends. Obesity and a variety of cardiovascular ailments are results of consumers' modern sedentary lifestyles. Due to this, customers have begun to switch to edible oils that have been enriched with necessary vitamins and minerals to support the body's functioning. The World Health Organization (WHO) states that vitamin A-fortified edible oils have been successfully used in developed nations. Vegetable oil fortification is being used by a number of developing nations in Asia and Africa to combat malnutrition and mineral deficiencies.

    The  trend toward high-value food is expected to continue, as a result of increased urbanization and higher educational standards.

    This encourages reusing used cooking oil, resulting in a more environmentally responsible fuel with lower pollutant emissions. As a result, it will be extensively used in the production of biodiesel, helping to expand the market. As per the market forecast, the sunflower oil industry is anticipated to develop during the forecast period due to an increase in the use of sunflower oil in the production of biodiesel. Thus, it is anticipated that this aspect will accelerate the sunflower oil market revenue.

    The global sunflower oil market appears to be experiencing a notable shift towards sustainable production practices, driven by increasing consumer demand for environmentally friendly products.

    U.S. Department of Agriculture

    Sunflower Oil Market Drivers

    Rising Health Consciousness

    The increasing awareness of health and wellness among consumers is driving the Global Sunflower Oil Market Industry. Sunflower oil is perceived as a healthier alternative to other cooking oils due to its low saturated fat content and high levels of unsaturated fats. This trend is particularly evident in regions where consumers are shifting towards healthier dietary choices. As a result, the demand for sunflower oil is expected to grow, contributing to the market's projected value of 17.6 USD Billion in 2024. The emphasis on heart health and the promotion of sunflower oil as a source of essential fatty acids further bolster its appeal in the global market.

    Market Trends and Projections

    The Global Sunflower Oil Market Industry is poised for growth, with projections indicating a market value of 17.6 USD Billion in 2024 and an anticipated increase to 30.0 USD Billion by 2035. The compound annual growth rate (CAGR) for the period from 2025 to 2035 is estimated at 4.96%. This growth trajectory suggests a robust demand for sunflower oil driven by health trends, food processing expansion, and sustainability initiatives. The market dynamics are influenced by various factors, including consumer preferences and regulatory frameworks, which are likely to shape the industry's future landscape.

    Expanding Food Processing Sector

    The food processing industry plays a crucial role in the Global Sunflower Oil Market Industry, as sunflower oil is widely used in various food products. The growth of this sector, driven by increasing urbanization and changing consumer preferences, is likely to enhance the demand for sunflower oil. Processed foods, including snacks, sauces, and ready-to-eat meals, often incorporate sunflower oil for its neutral flavor and health benefits. This trend suggests that the market could reach a valuation of 30.0 USD Billion by 2035, with a compound annual growth rate of 4.96% projected for the period from 2025 to 2035, indicating a robust expansion in the coming years.

    Government Support and Regulations

    Government policies and regulations play a pivotal role in shaping the Global Sunflower Oil Market Industry. Many countries are implementing supportive measures to promote the cultivation of sunflower crops, including subsidies and incentives for farmers. These initiatives aim to enhance domestic production and reduce reliance on imports. Additionally, regulations regarding food safety and labeling standards are becoming more stringent, which may influence the quality and sourcing of sunflower oil. Such government interventions are likely to foster a conducive environment for market growth, ensuring a steady supply of sunflower oil to meet rising consumer demand.

    Diverse Applications in Non-Food Industries

    Sunflower oil's versatility extends beyond the culinary realm, impacting the Global Sunflower Oil Market Industry significantly. It is utilized in various non-food applications, including cosmetics, personal care products, and biofuels. The rising demand for natural and organic ingredients in these industries is likely to propel the consumption of sunflower oil. For instance, its emollient properties make it a popular choice in skincare formulations. As industries increasingly seek sustainable and eco-friendly alternatives, sunflower oil's role is expected to expand, further driving market growth and contributing to the overall valuation of the industry.

    Sustainability Trends and Environmental Concerns

    The growing emphasis on sustainability and environmental stewardship is influencing the Global Sunflower Oil Market Industry. Consumers are increasingly seeking products that align with their values, including those that are produced using sustainable practices. Sunflower oil, being a crop that requires relatively less water and is often grown in rotation with other crops, is viewed favorably in this context. This trend may lead to an increase in demand for sustainably sourced sunflower oil, as consumers prioritize eco-friendly options. As the market evolves, producers are likely to adapt their practices to meet these expectations, further driving growth in the industry.

    Market Segment Insights

    Segment Insights

    Sunflower Oil Type Insights

    The sunflower oil market segmentation has been segmented by type into Linoleic Oil and Mid-Oleic Oil, and High-Oleic Oil. The mid-oleic oil and high-oleic oil segment dominated the market growth in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. This is so that mid-oleic oil, which has high quantities of oleic acid and is less susceptible to rancidity and breakdown, may maintain its linoleic acid levels and continue to be a great dietary source. removing the need for hydrogenation and the trans fat it produces.

    It is mostly used in high-temperature cooking environments in the food industry.

    Figure 2:  Sunflower Oil Market by Type, 2021 & 2030 (USD Billion)

    Sunflower Oil Application Insights

    The sunflower oil market segmentation, based on application, is Food & Beverages, Biofuel and Personal Care. The food & beverages segment dominated the sunflower oil industry revenue in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. A significant driver of the market expansion for sunflower seed oil is the rising demand for it as a healthier cooking oil in the foodservice industry. The development has been aided by consumers' rising interest in dining out and the expansion of restaurant chains.

    Get more detailed insights about Sunflower Oil Market Research Report - Forecast till 2030

    Regional Insights

    By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Europe sunflower oil market accounted for USD 6.9 billion in 2021 and is expected to exhibit a 43.90% CAGR during the study period due to the substantial rise in this kind of oil usage. Its quick uptake in the area is fueled by its high content of unsaturated fatty acids and high smoke point. The two countries that generate the most sunflower seed oil worldwide are Russia and Ukraine.

    The Oil Palm Industry Economic Journal reported in an article that Russia produced 4.6 million tonnes of sunflower seed oil in 2017.

    Further, the major countries studied in the market report are: The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

    Figure 3:  SUNFLOWER OIL MARKET SHARE BY REGION 2021 (%)SUNFLOWER OIL MARKET SHARE BY REGION 2021

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    North America sunflower oil market is expected to grow at a significant CAGR from 2022 to 2030 due to rising demand for sunflower oil because of its health benefits, as well as increased production and consumption brought on by an expanding population. Further, the US market of sunflower oil held the largest market share, and the Canada sunflower oil industry was the fastest-growing market in the region.

    Asia-Pacific sunflower oil market accounts for the second-fastest growing market share due to the widespread use of sunflower oil in the production of bakery, snack, and candy goods. According to a survey by Food and Hotel Asia 2019, the region's bakery market is constantly growing, and the demand for creative and healthful bakery items is rising. Moreover, China sunflower oil held the largest market share, and the India market for sunflower oil  was the fastest-growing market in this region.

    Key Players and Competitive Insights

    Major market players are spending a lot on R&D to increase their product lines, which will help the sunflower oil industry grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, market developments, and collaboration with other organizations. According to the market competitive landscape, players in the industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market industry.

    One of the primary business strategies manufacturers adopt in the  sunflower oil industry to benefit clients and expand the sector is manufacturing locally to reduce operating costs. In recent years, sunflower oil industry has provided medicine with some of the most significant benefits.

    The sunflower oil market major player such as Abu Dhabi Vegetable Oil Company (ADVOC) (Abu Dhabi, UAE), Conagra Brands, Inc. (Illinois, United States), Colorado Mills (Colorado, United States), Archer Daniels Midland Company (Illinois, United States), Bunge Ltd. (Missouri, United States), Cargill Incorporated (Missouri, United States), Parakh Group (Maharashtra, India), Rein Oil CC (Western Cape, South Africa), AAK AB (Sweden), Macjerry Sunfloweroil Co. Ltd. (Ukraine) and Kaissaoil (Ukraine).

    Founded in Wilmington, Delaware and with headquarters in Minnetonka, Minnesota, Cargill, Incorporated is a privately held American multinational food conglomerate. It was established in 1865 and has the greatest revenue of any privately held company in the US. In January 2022, Cargill, a large  food company, established its first innovation hub in India to create products for the food & beverage industry. The nearly 17,000 square foot centre has a demonstration kitchen, a sensory lab, and the ability to service the dairy, beverage, bread, and convenience food businesses, among other niche culinary applications.

    AAK, previously AarhusKarlshamn, is a multinational firm headquartered in Sweden that makes vegetable oils and fats. Products from the company are applied in various industries, including food, confectionery, pharmaceutical, cosmetic, chemical, and animal feed. In October 2019, five percent more of AAK Kamani Pvt. Ltd. was purchased by AAK AB. AAK AB and Kamani Oil Industries Pvt Ltd founded the joint venture, which now owns 69% of the company's shares. One of India's top FMCG manufacturers in the business.

    Key Companies in the Sunflower Oil Market market include

    Industry Developments

    • Q2 2024: Bunge and Viterra Announce $18 Billion Merger to Create Global Agribusiness Giant Bunge Ltd. and Viterra announced an $18 billion merger, combining their global oilseed processing and trading operations, including sunflower oil assets, to strengthen supply chains and expand market reach.
    • Q2 2024: Ukraine’s Kernel Resumes Sunflower Oil Exports After Black Sea Corridor Reopens Kernel, a major Ukrainian agribusiness, resumed sunflower oil exports following the reopening of the Black Sea corridor, boosting global supply and stabilizing prices after months of disruption.
    • Q3 2024: ADM Opens New Sunflower Oil Processing Facility in Serbia Archer Daniels Midland (ADM) inaugurated a new sunflower oil processing plant in Serbia, aiming to increase production capacity and meet rising demand in Europe.
    • Q3 2024: Cargill Signs Multi-Year Sunflower Oil Supply Contract with Unilever Cargill secured a multi-year contract to supply sunflower oil to Unilever for use in its food products, strengthening its position in the European edible oils market.
    • Q4 2024: Bunge Appoints New CEO Following Merger with Viterra Bunge announced the appointment of a new CEO to lead the combined entity after its merger with Viterra, signaling a strategic shift in global oilseed operations including sunflower oil.
    • Q4 2024: Kazakhstan’s Food Contract Corporation Launches Sunflower Oil Export Program Kazakhstan’s Food Contract Corporation initiated a new export program for sunflower oil, targeting increased shipments to China and the Middle East.
    • Q1 2025: Ukraine’s MHP Invests $50 Million in Sunflower Oil Refinery Expansion MHP, a leading Ukrainian agribusiness, announced a $50 million investment to expand its sunflower oil refinery, aiming to boost output and export capacity.
    • Q1 2025: ADM Launches New High-Oleic Sunflower Oil Product for Food Manufacturers ADM introduced a new high-oleic sunflower oil product designed for food manufacturers seeking healthier frying and cooking alternatives.
    • Q2 2025: India’s Ruchi Soya Wins Major Government Tender for Sunflower Oil Supply Ruchi Soya, a Patanjali-owned company, secured a large government contract to supply sunflower oil for public distribution in India, expanding its market share.
    • Q2 2025: Argentina’s Aceitera General Deheza Expands Sunflower Oil Exports to Europe Aceitera General Deheza, a leading Argentine oil producer, announced expanded sunflower oil exports to Europe, responding to increased demand amid supply chain shifts.
    • Q3 2025: Kernel Launches Sustainable Sunflower Oil Initiative in Ukraine Kernel unveiled a new sustainability initiative focused on environmentally friendly sunflower oil production, including traceability and reduced carbon footprint.
    • Q3 2025: Turkey’s Aves Acquires Sunflower Oil Processing Plant in Bulgaria Aves, a Turkish agribusiness firm, completed the acquisition of a sunflower oil processing facility in Bulgaria to expand its European footprint.

    Future Outlook

    Sunflower Oil Market Future Outlook

    The Global Sunflower Oil Market is projected to grow at a 4.96% CAGR from 2024 to 2035, driven by rising health consciousness and demand for sustainable cooking oils.

    New opportunities lie in:

    • Expand product lines to include organic sunflower oil variants targeting health-conscious consumers. Invest in innovative packaging solutions to enhance product shelf life and reduce waste. Leverage e-commerce platforms for direct-to-consumer sales, tapping into the growing online shopping trend.

    By 2035, the market is expected to achieve robust growth, solidifying its position as a key player in the edible oils sector.

    Market Segmentation

    Sunflower Oil Type Outlook (USD Billion, 2018-2030)

    • Linoleic Oil
    • Mid-oleic and High-oleic Oil

    Sunflower Oil Regional Outlook (USD Billion, 2018-2030)

    • {"North America"=>["US"
    • "Canada"]}
    • {"Europe"=>["Germany"
    • "France"
    • "UK"
    • "Italy"
    • "Spain"
    • "Rest of Europe"]}
    • {"Asia-Pacific"=>["China"
    • "Japan"
    • "India"
    • "Australia"
    • "South Korea"
    • "Rest of Asia-Pacific"]}
    • {"Rest of the World"=>["Middle East"
    • "Africa"
    • "Latin America"]}

    Sunflower Oil Application Outlook (USD Billion, 2018-2030)

    • Food & Beverages
    • Biofuel
    • Personal Care

    Report Scope

    Report Attribute/MetricDetails
    Market Size 2021USD 15.9 Billion
    Market Size 2022USD 16.7 Billion
    Market Size 2030USD 23.5 Billion
    Compound Annual Growth Rate (CAGR)5.00% (2022-2030)
    Base Year2021
    Forecast Period2022-2030
    Historical Data2018 & 2020
    Forecast UnitsValue (USD Billion)
    Report CoverageRevenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments CoveredType, Application, and Region
    Geographies CoveredNorth America, Europe, Asia-Pacific, and the Rest of the World
    Countries CoveredThe U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies ProfiledAbu Dhabi Vegetable Oil Company (ADVOC) (Abu Dhabi, UAE), Conagra Brands, Inc. (Illinois, United States), Colorado Mills (Colorado, United States), Archer Daniels Midland Company (Illinois, United States), Bunge Ltd. (Missouri, United States)
    Key Market OpportunitiesSunflower Oil Fortification to Meet the Demand for Healthier Products
    Key Market DynamicsWidespread Use of Healthful Cooking Oils to Influence Market GrowthGrowing Use of Sunflower Oil for Biodiesel Production

    Market Highlights

    Author
    Snehal Singh
    Assistant Manager - Research

    High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. By implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in Packaging, Construction, and Equipment domains. She handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.

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    FAQs

    How much is the sunflower oil market?

    The sunflower oil market size was expected to be USD 15.9 billion in 2021.

    What is the growth rate of the sunflower oil market?

    The market for sunflower oil is expected to register a CAGR of 5.00% over the next ten years.

    Which region held the largest market share in the sunflower oil market?

    Europe held the largest market share in the sunflower oil market.

    Who are the key players in the sunflower oil market?

    Abu Dhabi Vegetable Oil Company (ADVOC) (Abu Dhabi, UAE), Conagra Brands, Inc. (Illinois, United States), Colorado Mills(Colorado, United States), Archer Daniels Midland Company(Illinois, United States), Bunge Ltd. (Missouri, United States) are the key players in the sunflower oil market.

    Which type led the sunflower oil market?

    The mid-oleic oil and high-oleic oil category led the segment in the sunflower oil market.

    Which application category had the largest market share in the sunflower oil market?

    The food & beverages category had the largest market share in the sunflower oil market.

    Sunflower Oil Market Research Report - Forecast till 2030 Infographic
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