Global Sunflower Oil Market Growth Surges to USD 40 Billion by 2029 on Health and Industry Trends

Mordor Intelligence has published a new report on the Sunflower Oil Market, offering a comprehensive analysis of trends, growth drivers, and future projections.

The Sunflower Oil Market is projected to be valued at USD 30 billion in 2024 and is anticipated to grow to USD 40 billion by 2029, registering a compound annual growth rate (CAGR) of 5.53% during the forecast period from 2024 to 2029. While the food sector remains the primary consumer of sunflower oil, its popularity is expanding, with increasing interest from cosmetic manufacturers and the healthcare industry.

Report Overview - https://www.mordorintelligence.com/industry-reports/sunflower-oil-industry

Key Trends

Surge in Demand for Healthier Edible Oils

Consumers worldwide are increasingly adopting healthier dietary practices, leading to a heightened demand for oils low in saturated fats and free from genetically modified organisms (GMOs). Sunflower oil, recognized for its high content of unsaturated fatty acids and essential nutrients, has become a preferred choice among health-conscious individuals. This trend has spurred an expansion in sunflower cultivation areas and a corresponding rise in sowing seed prices.

Diversification of Applications Beyond Food Industry

While the food sector remains the predominant consumer of sunflower oil, its applications are diversifying into the cosmetics and healthcare industries. The oil's emollient properties make it a valuable ingredient in skincare products such as sunscreens, facial masks, and eye creams. Additionally, its potential health benefits have garnered interest from the healthcare sector, further broadening its market scope.

Impact of Geopolitical Factors on Supply Chain

Major producers of sunflower oil, including Russia and Ukraine, play a crucial role in the global supply chain. Geopolitical tensions and conflicts in these regions can disrupt production and export activities, leading to price volatility and supply shortages. Such dynamics necessitate strategic planning and diversification of sourcing by industry stakeholders to mitigate risks.

Rising Popularity in Emerging Markets

Developing countries are witnessing an increased consumption of sunflower oil due to its affordability and health benefits. As disposable incomes rise and awareness of healthy eating grows, these markets present substantial growth opportunities for sunflower oil producers.

Market Segmentation

The sunflower oil market is segmented based on type, application, and geography.

By Type:

Linoleic Oil: Rich in polyunsaturated fatty acids, commonly used in cooking and food preparation.

Mid-Oleic Oil: Offers a balance between linoleic and high-oleic properties, suitable for various culinary applications.

High-Oleic Oil: Contains higher monounsaturated fats, providing greater oxidative stability, ideal for frying and processed foods.

By Application:

Food: Utilized in cooking oils, margarine, salad dressings, and as an ingredient in processed foods.

Biofuels: Employed in the production of biodiesel as a renewable energy source.

Personal Care: Incorporated into skincare and cosmetic products for its moisturizing properties.

By Geography:

North America: Experiencing steady growth due to increasing health awareness and demand for non-GMO oils.

Europe: Holds the largest market share, driven by high consumption in countries like Ukraine and Russia.

Asia-Pacific: Expected to witness significant growth, propelled by rising disposable incomes and changing dietary habits.

South America: Growing demand in the food industry supports market expansion.

Middle East & Africa: Fastest-growing market, with increasing adoption in both food and non-food applications.



Get a Customized Report Tailored to Your Requirements: https://www.mordorintelligence.com/market-analysis/fats-and-oils

Key Players

The sunflower oil market is competitive, featuring both global and domestic players striving for market share. Major companies leverage their extensive geographical reach and diverse product portfolios to cater to varied consumer demands. Notable players include:

Archer Daniels Midland Company: A leading global food processing and commodities trading corporation, offering a wide range of edible oils, including sunflower oil.

Cargill Incorporated: Provides food, agriculture, financial, and industrial products, with a significant presence in the sunflower oil market.

Bunge Limited: An agribusiness and food company involved in the production and supply of sunflower oil among other products.

Avril Group: Specializes in vegetable oils and protein production, with a notable portfolio in sunflower oil.

Delta Wilmar Ukraine LLC: Engaged in the processing and production of sunflower oil, catering to both domestic and international markets.

These companies focus on strategic acquisitions, expansion of production capacities, and innovation in product offerings to strengthen their market positions.

Conclusion

The global sunflower oil market is on a robust growth trajectory, driven by a global shift towards healthier eating habits and the expanding applications of sunflower oil across various industries. While geopolitical factors pose challenges to the supply chain, the rising popularity of sunflower oil in emerging markets presents significant growth opportunities. Industry players are actively engaging in strategic initiatives to capitalize on these trends and meet the evolving demands of consumers worldwide.

Industry Related Reports

United Arab Emirates Sunflower Oil Market: The United Arab Emirates Sunflower Oil Market Report is categorized by Type (Refined Deodorized and Unrefined), End User (Industrial, Foodservice, and Retail/Household), and Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, and Online Retail Stores).

To know more visit this link: https://www.mordorintelligence.com/industry-reports/united-arab-emirates-sunflower-oil-market

Sunflower Seeds Market: The Sunflower Seed (Seed for Sowing) Market is divided by Breeding Technology (Hybrids, Open Pollinated Varieties, and Hybrid Derivatives) and by Region (Africa, Asia-Pacific, Europe, the Middle East, North America, and South America). The market's volume and value are provided in metric tons and USD, respectively.

To know more visit this link: https://www.mordorintelligence.com/industry-reports/sunflower-seeds-market

Sunflower Meal Market: The Sunflower Meal Market Report is categorized by Geography (North America, Europe, Asia-Pacific, South America, and the Middle East & Africa). The report includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis for all the aforementioned segments.

To know more visit this link: https://www.mordorintelligence.com/industry-reports/global-sunflower-meal-market

For any inquiries or to access the full report, please contact:

media@mordorintelligence.com
https://www.mordorintelligence.com/

About Mordor Intelligence:

Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.

With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.

This release was published on openPR.