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New Study Focusing on Sunflower oil Market Growth by Emerging Trends Analysis and Forecasts 2020-2025 | Kernel, EFKO Group, Aston, Cargill, Optimus

05-08-2020 04:18 AM CET | Energy & Environment

Press release from: Business Industry Reports

/ PR Agency: Business Industry Reports
Sunflower oil Market

Sunflower oil Market

Global Sunflower oil Market overview:

The growing demand for Sunflower oil has provided a major boost to the Global Sunflower oil Market as more people are shifting their preferences to this growing sector. The market is expected to keep rising at a high CAGR and reach values of high millions by the end of the forecast period of 2020 up to 2024.

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The oil derived from sunflower is used for cooking and frying purpose globally. Sunflower oil is rich in oleic acid, linoleic acid and other nutrients which helps in lowering bad cholesterol and increases good cholesterol in blood. The seed contains 40-45% oil, two other types of sunflower oil are also available high oleic and mid oleic based on the oleic content present in oil after extraction. Sunflower oil contains high content of vitamin E and is low in saturated fats along with these properties it also contains tocopherols, carotenoids and waxes. Sunflower is good for health and it is being used for cooking and frying in industries and food manufacturing services. The global Sunflower oil Market is primarily segmented based on Product Type, Application, End-Use Industry and Regions.

Based on Product Type, the market is divided into:

1 Linoleic Oil

2 Mid-Oleic Oil

3 High-Oleic Oil

On the basis of End Use Industry, the market is split into:

1 Food

2 Biofuels

3 Cosmetics

The global sunflower oil market is segmented on the basis of application, end user, distribution channel and region. The sunflower oil market is segmented on the basis of application such as food, pharmaceuticals and cosmetics. The sunflower oil market in food segment is further segmented as bakery, confectionery and convenience food. In cosmetics sunflower is used as emollient as it contains high vitamin E content, it helps in softening dry skin. In pharmaceuticals sunflower oil is used as carrier for active ingredient in soft gelatin capsules and in production of salves and creams.

Objectives of the Study

To describe and forecast the global Sunflower oil Market on the basis of Product Type, industry verticals, Channel and regions.

To forecast the Sunflower oil Market size of the five main regional segments, namely North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America.

To strategically analyzesubsegments with respect to individual growth trends, future prospects, and contribution to the total market.

To provide detailed information regarding the major factors influencing the growth of the Sunflower oil Market (drivers, restraints, opportunities, and challenges).

To analyze the opportunities in the market for stakeholders and to provide details of competitive landscape for major players.

To strategically profile key players and comprehensively analyze their core competencies and positioning.

To track and analyze competitive developments such as mergers and acquisitions, new product developments, and partnerships, agreements & collaborations in the Sunflower oil Market.

Some of the Sunflower oil Market manufacturers involved in the market are Kernel, EFKO Group, Aston, Cargill, Optimus, Nutrisun, Dicle Group, NMGK, Bunge, MHP, Creative Group, Tanoni Hnos. Sa, Standard Food, NT Ltd, Oliyar, Delizio, Risoil, COFCO, Region, Luhua Group, Sanxing Group, Pology Oil, Wilmar, Adams Group, Acquisitions and effective mergers are some of the strategies adopted by the Sunflower oil Market manufacturers. New product launches and continuous technological innovations are the Sunflower oil Market strategies adopted by the major players.

Latest Industry Updates:

Cargill:- Plans to invest US $20 million (Rs. 140 crores) up to set up a greenfield premix plant in Kota, Rajasthan. The plans were shared at a meeting between Cargill team, led by Imre Havasi, managing director for the company's animal nutrition business in India, and Dr Subodh Agarwal, Additional chief secretary, Industries, Government of Rajasthan; Shri Gaurav Goyal, commissioner, Investment & NRIs, Government of Rajasthan and other senior government officials.

Cargill strives to partner in Rajasthan's growth by bringing its global expertise in food and agriculture production to the state. The company has strategically chosen the state of Rajasthan to build this plant, as it is one of the more progressive states in the country, offering a good business environment, availability of quality raw materials, required talent and a strong customer base The state-of-the-art plant will be built on 15 acres of land in Tathed Village of Kota District. It will feature a monthly manufacturing capacity of 7,500 tons of animal nutrition products and supplement to serve customers in the state, entire North India and also export markets. Cargill's proposed investment supports the development of the industry, farmers and communities in and around Kota. It will also help the animal husbandry sector, including livestock farmers, by generating more than 150 jobs in the region, with both direct and indirect employment in the next three to five years.

As Cargill continues to expand and grow our business in the region, we recognize that India is an important and fast-growing feed market," Havasi said. "We appreciate the Rajasthan government's support to help Cargill bring our technical know-how in animal nutrition to customers, the industry and this community through our new pre-mix facility here", he added.

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Asia Pacific was a prominent market for Sunflower oils in 2016. Among the countries in Asia Pacific, the demand was substantially high in developing countries such as China and India. These countries have been witnessing rapid increase in its population along with expansion of their overall economies, which has led to increase in disposable income. Increased spending on home interiors is fuelling the Sunflower oil market in Asia Pacific.

There are several manufacturers of Sunflower oils in Europe and North America. In North America, the demand for Sunflower oils is primarily driven by the residential sector. Improved standards of living and rising usage of Sunflower oils for flooring purpose are anticipated to drive the market in North America.

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Table of Contents:

Global Sunflower oil Market Report 2020

1 Sunflower oil Definition

2 Global Sunflower oil Market Major Player Share and Market Overview

3 Major Player Sunflower oil Business Introduction

4 Global Sunflower oil Market Segmentation (Region Level)

5 Global Sunflower oil Market Segmentation (Product Type Level)

6 Global Sunflower oil Market Segmentation (Industry Level)

7 Global Sunflower oil Market Segmentation (Channel Level)

8 Sunflower oil Market Forecast 2020-2024

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