The global Sunflower Oil market stood at approximately 20.8 million tonnes in 2023 and is anticipated to grow at a CAGR of 5.85% during the forecast period until 2034. Sunflower oil boasts an array of components including lecithin, tocopherols, carotenoids, and waxes, characteristic of vegetable triglyceride oils. Derived from oil type sunflower seeds, it exhibits a light taste and appearance alongside a notable Vitamin E content. This oil comprises a blend of mono-unsaturated and polyunsaturated fats, with minimal levels of saturated fats.
Sunflower oil is widely utilized across the food industry for its versatility and neutral flavor. It finds applications in salad dressings, margarines, and mayonnaise, lending a light and creamy texture. Moreover, its high smoke point makes it suitable for frying salty snacks like potato French fries and popcorn. In baking and confectionery, sunflower oil's mild flavor and high smoke point contribute to moist and delicious baked goods. Additionally, it serves as a key ingredient in sunflower butter, offering a viable alternative to peanut butter. Beyond the culinary uses, sunflower oil is valued in the cosmetics industry for its skincare properties. Rich in unsaturated fatty acids and vitamin E, it features prominently in moisturizing lotions, creams, and hair conditioners, providing hydration, regeneration, and protection from environmental stressors. Its anti-inflammatory properties make it a sought-after ingredient in cosmetics designed for problematic skin conditions like acne and eczema. When listed on cosmetic labels, sunflower oil appears as Helianthus Annuus Seed Oil.
The growth of the Sunflower Oil market can be attributed to several key factors. Foremost among these is the increasing emphasis on health consciousness among consumers. With rising awareness of the health benefits associated with sunflower oil, including its high content of unsaturated fats, vitamin E, and antioxidants, there is a growing preference for it as a healthier cooking oil option. This trend is further bolstered by dietary shifts towards lower saturated fat consumption, making sunflower oil an attractive choice for health-conscious individuals looking to make healthier dietary choices. Furthermore, the expansion of the food industry, particularly in emerging economies, plays a pivotal role in propelling the demand for sunflower oil. As populations grow and economies develop, there is a parallel increase in the consumption of edible oils, including sunflower oil, both as a cooking medium and as an ingredient in various food products. Economic factors, such as rising disposable incomes and increased affordability, contribute to the accessibility of sunflower oil to a broader consumer base, further driving its market growth. Also, the growing popularity of natural and organic beauty products has spurred the demand for sunflower oil as a key ingredient in skincare formulations. Additionally, sunflower oil serves as a versatile ingredient in industrial applications, including biofuel production, lubricants, and the manufacturing of soaps and detergents. The global Sunflower Oil market is likely to reach approximately 38.9 million tonnes in 2034.
Globally, Europe holds the largest share in the global sunflower oil market and is projected to experience growth at a healthy CAGR during the forecast period. The preference for healthier cooking oils among European consumers, driven by their busy lifestyles, has led to a notable increase in oil consumption both in households and the food service industry. These shifting consumer preferences have contributed significantly to the expansion of the sunflower oil market in the region. Moreover, Russia and Ukraine are the top 2 producers of sunflower seed oil on a global scale. In Russia, the oil and fat industry stand out as one of the key subsectors within the food processing industry, witnessing substantial growth in sunflower oil production globally.
Based on the end-user industry, the global Sunflower Oil market is divided into Food, Personal Care & Cosmetics, Biofuel, and Others. Among these, Food & Beverages is the major segment and held about 70% of the global Sunflower Oil market in 2023. It is anticipated to prevail this same trend in the forthcoming years.
Major players in the Global Sunflower Oil market are Archer-Daniels-Midland Company, Bunge Limited, Cargill Incorporated, Avril Group, Kaissa Oil, Optimusagro Trade LLC, Risoil SA, Gustav Heess Oleochemische Erzeugnisse GmbH, MWC Oil, Delta Wilmar, Borges Agricultural Industries and Industrial Edible Oils SA, Spack BV, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Sunflower Oil which covers production, demand and supply of Sunflower Oil market in the globe.
• To analyse and forecast the market size of Sunflower Oil
• To classify and forecast Global Sunflower Oil market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Sunflower Oil market in the globe.
To extract data for Global Sunflower Oil market, primary research surveys were conducted with Sunflower Oil manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Sunflower Oil market over the coming years.
ChemAnalyst calculated Sunflower Oil demand across the globe by analyzing the volume of Sunflower Oil consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Sunflower Oil manufacturers and other stakeholders
• Organizations, forums and alliances related to Sunflower Oil distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Sunflower Oil manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Sunflower Oil market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
20.8 million tonnes
Market size Volume in 2034
38.9 million tonnes
Growth Rate
CAGR of 5.85% from 2024 to 2034
Base year
2023
Estimated year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in million tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process, Foreign Trade.
Segments covered
By End-Use: (Food, Personal Care & Cosmetics, Biofuel, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Member - Board of Directors
Osaka Gas Co. Ltd
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What was the net market size of Sunflower Oil in terms of volume in 2023?
Ans:
The global market size of Sunflower Oil has reached approximately 20.8 million tonnes in 2023.
Q2.
Which industry is the leading end-user industry of Sunflower Oil?
Ans:
The Food industry is the leading end-user industry of Sunflower Oil globally.
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