Global Sunflower Oil Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
Global Sunflower Oil Market Overview
This report is based on the synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.
In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in the future.
Sunflower oil is perceived as a healthy and nutritious type of oil, which is extracted from dried sunflower seeds. Sunflower oil is tasteless and colorless in nature, primarily used in the production of cooking oil. It is also used as the main ingredient in many food products owing to its various properties, such as antifungal, antimicrobial, etc.
Increasing preference for sunflower oil, owing to its various properties and health benefits is a major factor driving the growth of the global sunflower oil market. In addition, increasing the use of sunflower oil in the production of various ready-to-eat food products is another major factor expected to boost the growth of the global sunflower oil market over the forecast period.
However, the ban on the export of sunflower oil in most countries across the globe is a major factor restraining the growth of the global sunflower oil market. Additionally, the availability of alternatives coupled with the low production of sunflower oil is another major factor expected to hamper the growth of the global sunflower oil market over the forecast period.
Currently, the market in the Asia Pacific accounts for the highest share in the sunflower oil market in revenue terms, owing to high awareness of various benefits of the use of sunflower oil and increasing consumption of the same in the region. The market in North America accounted for the second-highest revenue share in the global sunflower oil market, due to increasing health awareness and increasing use of sunflower oil in the region, followed by markets in Europe, Latin America, and the Middle East & Africa respectively.
The market in Europe is projected to witness the fastest growth in terms of revenue, owing to increasing usage of sunflower oil and growing demand for the same in the region. Moreover, the markets in Latin America and Middle East & Africa are expected to witness moderate growth over the forecast period. Also, revenue from the market in Middle East & Africa is projected to register a CAGR of X.X% over the forecast period.
Global sunflower oil market segmentation:
- Food services
By distribution channel:
- Retails stores
- Online stores
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Archer Daniels Midland Company
- Cargill Incorporated
- Colorado Mills
- CHS Inc.
- Oliyar Production Company
- Mcjerry sunfloweroil
- PPB Group Berhad
- ConAgra Foods, Inc.
- Marico and Rein Oil CC.
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