Sunflower Oil Market Set to Reach $37.72 Billion by 2029 with 7% Yearly Growth

What Is the Estimated Market Size and Growth Rate for the Sunflower Oil Market?
The market for sunflower oil has witnessed significant expansion in recent years. Its size is expected to increase from $26.81 billion in 2024 to $28.78 billion in 2025, with a compound annual growth rate (CAGR) of 7.3%. The enhancement during the historic period has been driven by factors such as a myriad of uses, easy availability and accessibility, impactful marketing strategies, and global trade.

In the coming years, the sunflower oil market is predicted to witness substantial expansion. The market is projected to escalate to $37.72 billion by 2029, with a compound annual growth rate (CAGR) of 7.0%. The anticipated growth during the forecast period could be associated with factors such as increasing population and urbanization, leaning towards plant-based products, the growth of the food processing industry, the introduction of healthier alternatives for cooking, and the implementation of sustainable procurement and manufacturing methods. Key trends projected during this period involve a move towards healthier oils, application diversification, premiumization, the effects of climate change, and product innovation.

What Are the Forces Behind the Rapid Growth of the Sunflower Oil Market?
The growth of the sunflower oil market is projected to be driven by the expansion of the food service sector. The food service sector entails businesses that prepare, serve, and sell food and drinks for immediate consumption by customers. Lifestyle changes, cultural shifts, the need for convenience, diverse food offerings, and the impact of social media are all contributing to the growth of the food service sector. Due to its versatility and popularity, sunflower oil is frequently chosen for food preparation in restaurants, eateries, and fast food outlets. Its high smoke point and healthier fat content are significant factors in its extensive usage. For example, the United States Department of Agriculture, a federal agency based in the U.S., reported in February 2024 that U.S. household food expenditures accounted for 12.8% of their spending in 2022, an increase from 12.4% in 2021. Consequently, the sunflower oil market is being driven by the growth of the food service sector.

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Who Are the Dominant Companies Influencing Sunflower Oil Market Trends?
Major companies operating in the sunflower oil market report are Cargill Incorporated; Archer Daniels Midland Company; Procter & Gamble (P&G); Wilmar International Limited; Bunge Global SA; Unilever PLC; Louis Dreyfus Company; COFCO Corporation; CHS Inc.; Liuhe Corporation; Seaboard; Avril Group; The J.M. Smucker Company; Gruppo Cremonini; Kernel Holding S.A; Aceitera General Deheza; PPB Group Berhad; Molinos Río de la Plata; Gavilon's; Oleon; AA International Inc.; Risoil SA; ACH Food Companies; EFKO Group

How Is the Sunflower Oil Market Evolving?
Key players in the sunflower oil industry are concentrating their efforts on product innovation to maintain a competitive advantage. A great example of this is Fiona Refined Sunflower Oil, which offers a superior transfer of vitamins to food of up to 50% when compared to typical sunflower oils in the market. In November 2023, Bunge India Private Ltd., a domestic agribusiness and food enterprise, introduced Fiona Refined Sunflower Oil in Odisha as part of its broad growth approach. This oil, infused with vital vitamins A, D, E, and K, plays a significant role in promoting good health and wellness. Given its high smoke point, it's an ideal option for various cooking methods such as roasting, stir-frying, and deep-frying, emphasizing its versatility.

What Are the Different Segmentations in the Sunflower Oil Market?
The sunflower oil market covered in this report is segmented -

1) By Type: Linoleic Oil, Mid-oleic Oil, High-oleic Oil
2) By Distribution Channel: Online Channels, Super markets Or Hyper markets, Convenience Stores
3) By Application: Cooking, Cosmetics, Personal Care, Others Applications
4) By End-User: Industrial, Food Services, Household

Subsegments:
1) By Linoleic Oil: Conventional Linoleic Sunflower Oil, Organic Linoleic Sunflower Oil
2) By Mid-Oleic Oil: Conventional Mid-Oleic Sunflower Oil, Organic Mid-Oleic Sunflower Oil
3) By High-Oleic Oil: Conventional High-Oleic Sunflower Oil, Organic High-Oleic Sunflower Oil, High-Oleic Sunflower Oil For Cooking And Frying

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Which Region Is at the Forefront of the Sunflower Oil Market?
Europe was the largest region in the sunflower oil market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sunflower oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Sunflower Oil Global Market Report?

- Market Size Analysis: Analyze the Sunflower Oil Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Sunflower Oil Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Sunflower Oil Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Sunflower Oil Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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