Press release
Ag-Tech Innovations Transforming Sunflower Farming For Sustainable Growth Trend: A Crucial Influence on the Sunflower Market's Transformation in 2025
"What Is the Expected Size and Growth Rate of the Sunflower Market?In the past few years, the sunflower market has experienced robust expansion. The market, which will rise from $23.01 billion in 2024 to $24.24 billion in 2025, anticipates a compound annual growth rate (CAGR) of 5.4%. Factors contributing to this growth during the historic period include an increase in population and urbanization, elevated demand for biofuels and renewable energy sources, rising disposable incomes in burgeoning markets, a heightened emphasis on sustainable farming methods, and a growing preference for vegetable oils as opposed to animal fats.
The expansion of the sunflower market is anticipated to be robust in the forthcoming years, with predictions stating it will surge to $29.56 billion by 2029, boasting a compound annual growth rate (CAGR) of 5.1%. This optimistic projection for the forecast period is credited to increasing health awareness amongst consumers, the rising use of sunflowers in food and cosmetic sectors, advantageous weather conditions for sunflower farming, the growth of sunflower crop regions, and enhanced government funding and support for sunflower agriculture. The forecast period is also set to witness several significant trends including improvement in breeding methodologies, advancements in oil extraction techniques, production of new sunflower breeds, incorporation of digital technologies in agriculture, and the advent of new processing technologies.
What Factors Are Fueling Growth in the Sunflower Market?
The escalating need for health-forward edible oils is anticipated to fuel the expansion of the sunflower market in the future. These edible oils, derived from plants, are packed with unsaturated fats, key nutrients, and antioxidants that promote cardiovascular health and overall wellness. The surge in demand for such oils is a result of the heightened consumer understanding of heart health, nutritional advantages, and the importance of healthier dietary fats in one's diet. Sunflower seeds, the source of sunflower oil, are rich in beneficial unsaturated fats and vitamin E, making them an excellent option for cooking. For instance, data from the United States Department of Agriculture, a US government entity, showed that in 2021, the United States brought in sizeable quantities of vegetable oils for a variety of applications. The import values exceeded $8.0 billion and climbed to $10.9 billion in 2022. Thus, the growing need for health-focused edible oils is catalyzing the expansion of the sunflower market.
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Which Leading Companies Are Shaping the Growth of the Sunflower Market?
Major companies operating in the sunflower marker are Cargill Incorporated, Archer Daniels Midland Co, Wilmar International Limited, Bunge Ltd., Louis Dreyfus Company B.V., Corteva Inc., Conagra Brands Inc., UPL Ltd., Kernel Holding S.A., Emami Agrotech Limited, Marico Limited, Euralis Semences S.A.S., Olam International Limited, KS Oils Limited, NMGK Group, Nuziveedu Seeds Ltd., Parakh Group, Mahyco Pvt Ltd., Olenex, Delta Wilmar CIS LLC, Aveno N.V., Giant Snacks Inc., Kaissa Oil, Gemini Edibles and Fats India Pvt. Ltd.
What Are the Major Trends Shaping the Sunflower Market?
Key players in the sunflower market are directing their efforts towards the introduction of advanced farming methods, like agroecological innovation, to boost crop production and maintain sustainability, considering the increasing global food requirement. Agroecological innovation pertains to devising and applying sustainable farming techniques that improve biodiversity, ensure effective use of resources, and encourage ecological harmony. For example, in September 2023, Elicit Plant, a biotech firm based in France, launched EliSun-a, a pioneering agroecological innovation with the goal of enhancing sunflower productivity. This innovation, based on phytosterol technology, augments the robustness of sunflower crops, particularly during water scarcity scenarios. It is meant to be applied to sunflower crops, thereby allowing phytosterols to infiltrate the plants and galvanize root development. This unique strategy not only seeks to elevate sunflower production but also symbolizes the rising trend in agriculture towards sustainable practices that harness natural plant processes to boost yield.
What Are the Key Segments of the Sunflower Market?
The sunflowermarket covered in this report is segmented -
1) By Product: Sunflower Seeds, Sunflower Oil, Other Products
2) By Distribution Channel: Supermarkets, Retail Shops, Online
3) By Application: Food And Beverages, Ornaments, Pharmaceuticals, Cosmetics, Other Applications
Subsegments:
1) By Sunflower Seeds: Hulled Sunflower Seeds, In-Shell Sunflower Seeds, Roasted Sunflower Seeds
2) By Sunflower Oil: Refined Sunflower Oil, Unrefined Sunflower Oil, High Oleic Sunflower Oil
3) Other Products: Sunflower Meal, Sunflower Lecithin, Sunflower Protein Concentrate
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Which Region Dominates the Sunflower Market?
Europe was the largest region in the sunflower market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sunflower marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Sunflower Global Market Report?
- Market Size Analysis: Analyze the Sunflower Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Sunflower 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 Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Sunflower Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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