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Rising Demand For Healthy Edible Oils Drives Growth In The Sunflower Market: Key Factor Driving The Growth In The Sunflower Market
Sunflower
What Is the Expected Sunflower Market Size During the Forecast Period?
The sunflower market size will grow from $23.01 billion in 2024 to $24.24 billion in 2025 at a compound annual growth rate (CAGR) of 5.4%. The growth is driven by population rise, urbanization, high demand for biofuels, increased disposable incomes in emerging markets, focus on sustainable agricultural practices, and the growing preference for plant-based oils over animal fats.
The sunflower market size is anticipated to reach $29.56 billion in 2029, growing at a CAGR of 5.1%. Growth factors include rising health consciousness among consumers, increasing applications in food and cosmetics, favorable climatic conditions for sunflower cultivation, expanding cultivation areas, and government support for farming. Trends include advancements in breeding technologies, innovations in oil extraction, development of new sunflower varieties, digital farming integration, and emerging processing technologies.
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What Are the High-Growth Segments in 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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What Key Drivers Are Expected to Influence Future Sunflower Market Growth?
The growing demand for healthy edible oils is expected to propel the sunflower market. Consumer preferences for oils that support heart health and overall well-being are increasing. Sunflower oil, rich in unsaturated fats and vitamin E, aligns with this trend. According to the USDA in June 2023, vegetable oil imports in the U.S. reached $10.9 billion in 2022, reflecting growing demand for healthy oils like sunflower oil, further boosting the sunflower market.
Which Companies Hold the Largest Share Across Different Sunflower Market Segments?
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 Sunflower Market Trends Are Gaining Traction Across Different Segments?
In the sunflower market, companies are applying agroecological innovations to increase crop yields and promote sustainable farming practices. Agroecological practices enhance biodiversity and resource use efficiency. For example, in September 2023, Elicit Plant, a French biotechnology company, introduced EliSun-a, an innovative product designed to increase sunflower yields using phytosterol technology. This product enhances crop resilience during water stress by promoting root growth, contributing to sustainable agriculture.
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What Are the Emerging Geographies for The Sunflower Market Growth?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Sunflower Market?
2. What is the CAGR expected in the Sunflower Market?
3. What Are the Key Innovations Transforming the Sunflower Industry?
4. Which Region Is Leading the Sunflower Market?
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