Market Insights
It is basically a non-volatile oil extracted from the seeds of sunflowers and is primarily utilized in food for frying food items as well as in cosmetic formulations as an emollient. Russia, Ukraine, and Argentina are the top producers of sunflower oil. The rising benefits related to the consumption of sunflower oil have boosted its demand over the past few years. It helps keep the food fresher and healthier for a longer period of time.
The global sunflower oil market is growing at a fast pace and is anticipated to attain significant growth over the next seven years until 2023. The rising usage of high-quality cooking oil, as well as increasing demand for and consumption of processed foods, is expected to intensify the growth until 2023.
At present, the Asia Pacific region captures the largest share of the revenue from the sunflower oil market and is anticipated to dominate over the forecast period. In the Asia Pacific region, India, China, Japan, and Indonesia marked the highest shares in the total revenue of the sunflower oil market in the region in 2015. Europe captured the second-largest share of the total market. Rising health-conscious customers are expected to boost the growth of the market.
The global sunflower oil market is mainly concentrated in the Asia Pacific. Major players are adopting different market strategies to enter and enhance their market position and distribution network.
The global sunflower oil market is segmented on the following basis:
By Application
By Package
By Sales Channel
- Supermarket/Hypermarket
- Departmental Store
- Online Store
- Others
By Geography
- North America
- Europe
- Germany
- France
- UK.
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of the Middle East and Africa
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Key players identified across the value chain in the sunflower oil market include, but are not limited to:
Unilever Plc, Bunge Ltd, Wilmar International Ltd, ConAgra Foods Inc., Cargill Incorporated, Ajinomoto Co., Inc., Archer Daniels, CHS Inc., and Associated British Foods Plc
This report offers the following:
- An overview of the global sunflower oil market
- Market trends assessment for the period 2016-2023, with historical information for 2013 and 2014 and projections through 2023, with respective CAGRs during 2016-2023 and 2015 as the base year
- Qualitative assessment tools such as market drivers, challenges, and future prospects, and competitive analysis: market positioning of key market players
- Focus on each level of market segmentation based on product approvals, launches, and current and anticipated market dynamics.
- A general overview of the industry structure
- Company profiles highlighting key information about the major players operating in the global sunflower oil market,
- This report includes an estimation of market sizes for value. Both top-down and bottom-up approaches have been used to estimate and validate the size of the sunflower oil market.
