Press release
Transformative Trends Impacting the Sunflower Oil Market Landscape: Fiona Refined Sunflower Oil With Enhanced Vitamin Transfer For Health-Conscious Consumers.
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shiftsHow Large Will the Sunflower Oil Market Size By 2025?
In recent times, there has been a robust expansion in the size of the sunflower oil market. The market, which was valued at $26.81 billion in 2024, is projected to escalate to $28.78 billion in 2025, experiencing a compound annual growth rate (CAGR) of 7.3%. The historic period's growth stems from factors including application diversification, accessibility, cost-effectiveness, marketing strategies and promotional efforts, and international trade.
How Big Is the Sunflower Oil Market Size Expected to Grow by 2029?
Over the next few years, robust growth in the sunflower oil market is anticipated, with predictions showing it reaching $37.72 billion by 2029, boasting a compound annual growth rate (CAGR) of 7.0%. Factors contributing to this growth during the forecast period include an increasing population and urbanization, a preference for plant-based products, growth in the food processing industry, the demand for healthier cooking options, and sustainable sourcing and production methods. Key market trends for the projected period include a move towards healthier oils, a broadening of applications, premium offerings, effects of climate change, and innovation of products.
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Which Key Market Drivers Powering Sunflower Oil Market Expansion and Growth?
Advancement in the food service industry is projected to stimulate the sunflower oil market's growth in the near future. This sector includes establishments engaged in making, serving, and retailing food and drinks to consumers for prompt consumption. The food service industry's growth can be attributed to alterations in lifestyle, shifts in culture, convenience requirements, diverse food offerings, and the influence of social media. Sunflower oil, known for its versatility and popularity, is increasingly chosen by restaurants, cafes, and quick-service restaurants for cooking purposes due to its high smoke point and healthier fat content. For instance, the United States Department of Agriculture, a federal agency in the U.S., reported in February 2024 that food spending accounted for 12.8% of U.S. household expenditure in 2022, showing an increase from 12.4% in 2021. Therefore, the food service industry's growth is propelling the expansion of the sunflower oil market.
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Which Fast-Growing Trends Are Poised to Disrupt the Sunflower Oil Market?
Leading businesses in the sunflower oil market, like Bunge India Private Ltd., are concentrating on product innovation to maintain market competitiveness. One such innovation is Fiona Refined Sunflower Oil, which significantly increases the transfer of vitamins from the oil to the cooked food by up to 50% compared to standard sunflower oils. In November 2023, as a part of their growth strategy, Bunge India, a company involved in agribusiness and food from India, introduced Fiona Refined Sunflower Oil in Odisha. Rich in imperative vitamins such as A, D, E and K, this oil aids in promoting overall health and wellness. Its high smoke point makes it an adaptable solution for numerous cooking techniques including roasting, stir-frying and deep-frying.
What Are the Emerging Segments 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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Who Are the Global Leaders in the Sunflower Oil Market?
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
Which are the Top Profitable Regional Markets for the Sunflower Oil Industry?
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.
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