Sunflower Oil Market Dynamics 2021-2031
The Sunflower Oil Market is expected to register a CAGR of 5.7% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by type (linoleic oil, mid-oleic oil, high-oleic oil). The report further presents analysis based on application (food and beverages, biofuel, personal care, others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Sunflower Oil Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Sunflower Oil Market Segmentation
Type- Linoleic Oil
- Mid-oleic Oil
- High-oleic Oil
- Food and Beverages
- Biofuel
- Personal Care
- Others
Strategic Insights
Sunflower Oil Market Growth Drivers- Increasing Health Consciousness Among Consumers: The prime mover of the sunflower oil market has been the increased demand by consumers for healthier cooking oils. Due to soaring health awareness, consumers are seeking better-nourished oils with nutrient-rich profiles. Sunflower oil is replete with unsaturated fats and vitamin E and appears to be the perfect fit. This healthy diet choice shift encourages producers to improve their offers and expand their scope.
- Rising Food Industry and Urbanization: An increasing food industry, especially in developing markets, where the demand for cooking oil remains high, is also one of the major drivers. Since there is much urbanization and an increase in disposable income, consumers are increasingly embracing processed and convenience foods, causing the demand for sunflower oil in frying and food preparation and thereby increasing its market position.
- Increased Demand For Sunflower Oil Use in Non-Food Applications: Increased demand for sunflower oil use in non-food applications, such as cosmetics and fuel, propels the market forward. Natural and eco-friendly demand in industries for the use of ingredients makes sunflower oil increase with regard to preference in relation to its properties and use. Diversification in the areas opens up new avenues of growth and investment for manufacturers and consumers alike.
- Health and Wellness Trends: As this health and wellness trend continues, the future of sunflower oil markets looks bright. Clean and natural labeling with nutritionally intact value will open up new demand for high-grade, minimally processed sunflower oil that can speak to health benefits in the offering, such as heart health and high antioxidant content.
- Sustainability and Eco-Friendly Practices: The market will be influenced and guided by the imperative of sustainability. Both buyers and makers are looking for ways to source and produce in an ecologically friendly way. The advance in sustainable farming techniques is an area that will influence the appeal of certain new certifications to the very environmentally aware consumer of cooking oils.
- Technological Advancements in Sunflower Oil Production Process: Technological improvement in extraction and refining will, in turn, lead to better product quality and yields from sunflower oil. Newer extraction methods, such as cold-press extraction and newer techniques in refining, will help preserve the oil's nutritional properties and begin to answer customers' demands for organic and specialty oils. Improved production will lead to new niches in the market for premium-priced sunflower oil products.
- Rising Incomes and Urbanization: The sunflower oil market is quite prospective in developing markets, where rising incomes and urbanization boost demand. As the penetration of processing and convenience foods increases in these markets, usage levels of cooking oils with nutritional benefits, like sunflower oil, will increase. Companies can capture the trend by targeting specific marketing efforts and product lines in terms of local preferences and tastes.
- Growing Demand for Organic and Specialty Sunflower Oil: The other opportunity is the increased interest in organic and specialty sunflower oil. Of course, consumer demand for organic, non-GMO, and cold-pressed products increases. This would give the brands the opportunity to capitalize on the premium options to reach a wider base of health-conscious customers who would be willing to pay premiums for such products. Companies would be able to recover higher prices, thus improving profitability.
- Increasing demand from the Cosmetics and Personal Care Industry: Although the original reason for using sunflower oil is reportedly not directly related to cooking, its versatility continues to unlock new opportunities for innovation. Today, increasingly more sunflower oil is used in cosmetics and personal care products as well as a biofuel, unlocking more market avenues. Diversified product offerings through such products will enable companies to pursue opportunities in growing segments and bolster their market positions with promising market development in a competitive landscape.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Sunflower Oil Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Sunflower Oil Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Sunflower Oil Market is estimated to witness a CAGR of 5.7% from 2023 to 2031
The major growth drivers for the sunflower oil market include increased consumer preference for healthier cooking oils and increasing demand in the food industry, more particularly in the emerging markets. Besides, awareness on sustainable and organic products will create demand for sunflower oil as it is versatile and nutritious.
Cargill, Incorporated; Archer Daniels Midland Company (ADM); Bunge Limited; Wilmar International Limited; and Sunola Oil Mill are some of the key players operating in the sunflower oil market
Based on type, high-oleic oils segment is expected to witness the fastest growth during the forecast period
Based on geography, North America held the largest share of the sugarless sweetener market due to the well-established food and beverage industry across the region
Future trends of the market include higher demand for organic and specialty oils by health-conscious consumers seeking cleaner labels. Improved methods of sustainable production and extraction will drive the quality of the oil to better suit the environmentally conscious buyer.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Sunflower Oil Market - By Type
1.3.2 Sunflower Oil Market - By Application
1.3.3 Sunflower Oil Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SUNFLOWER OIL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. SUNFLOWER OIL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SUNFLOWER OIL MARKET - GLOBAL MARKET ANALYSIS
6.1. SUNFLOWER OIL - GLOBAL MARKET OVERVIEW
6.2. SUNFLOWER OIL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SUNFLOWER OIL MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. LINOLEIC OIL
7.3.1. Overview
7.3.2. Linoleic Oil Market Forecast and Analysis
7.4. MID-OLEIC OIL
7.4.1. Overview
7.4.2. Mid-oleic Oil Market Forecast and Analysis
7.5. HIGH-OLEIC OIL
7.5.1. Overview
7.5.2. High-oleic Oil Market Forecast and Analysis
8. SUNFLOWER OIL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. FOOD AND BEVERAGES
8.3.1. Overview
8.3.2. Food and Beverages Market Forecast and Analysis
8.4. BIOFUEL
8.4.1. Overview
8.4.2. Biofuel Market Forecast and Analysis
8.5. PERSONAL CARE
8.5.1. Overview
8.5.2. Personal Care Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. SUNFLOWER OIL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Sunflower Oil Market Overview
9.1.2 North America Sunflower Oil Market Forecasts and Analysis
9.1.3 North America Sunflower Oil Market Forecasts and Analysis - By Type
9.1.4 North America Sunflower Oil Market Forecasts and Analysis - By Application
9.1.5 North America Sunflower Oil Market Forecasts and Analysis - By Countries
9.1.5.1 United States Sunflower Oil Market
9.1.5.1.1 United States Sunflower Oil Market by Type
9.1.5.1.2 United States Sunflower Oil Market by Application
9.1.5.2 Canada Sunflower Oil Market
9.1.5.2.1 Canada Sunflower Oil Market by Type
9.1.5.2.2 Canada Sunflower Oil Market by Application
9.1.5.3 Mexico Sunflower Oil Market
9.1.5.3.1 Mexico Sunflower Oil Market by Type
9.1.5.3.2 Mexico Sunflower Oil Market by Application
9.2. EUROPE
9.2.1 Europe Sunflower Oil Market Overview
9.2.2 Europe Sunflower Oil Market Forecasts and Analysis
9.2.3 Europe Sunflower Oil Market Forecasts and Analysis - By Type
9.2.4 Europe Sunflower Oil Market Forecasts and Analysis - By Application
9.2.5 Europe Sunflower Oil Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Sunflower Oil Market
9.2.5.1.1 Germany Sunflower Oil Market by Type
9.2.5.1.2 Germany Sunflower Oil Market by Application
9.2.5.2 France Sunflower Oil Market
9.2.5.2.1 France Sunflower Oil Market by Type
9.2.5.2.2 France Sunflower Oil Market by Application
9.2.5.3 Italy Sunflower Oil Market
9.2.5.3.1 Italy Sunflower Oil Market by Type
9.2.5.3.2 Italy Sunflower Oil Market by Application
9.2.5.4 United Kingdom Sunflower Oil Market
9.2.5.4.1 United Kingdom Sunflower Oil Market by Type
9.2.5.4.2 United Kingdom Sunflower Oil Market by Application
9.2.5.5 Russia Sunflower Oil Market
9.2.5.5.1 Russia Sunflower Oil Market by Type
9.2.5.5.2 Russia Sunflower Oil Market by Application
9.2.5.6 Rest of Europe Sunflower Oil Market
9.2.5.6.1 Rest of Europe Sunflower Oil Market by Type
9.2.5.6.2 Rest of Europe Sunflower Oil Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Sunflower Oil Market Overview
9.3.2 Asia-Pacific Sunflower Oil Market Forecasts and Analysis
9.3.3 Asia-Pacific Sunflower Oil Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Sunflower Oil Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Sunflower Oil Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Sunflower Oil Market
9.3.5.1.1 Australia Sunflower Oil Market by Type
9.3.5.1.2 Australia Sunflower Oil Market by Application
9.3.5.2 China Sunflower Oil Market
9.3.5.2.1 China Sunflower Oil Market by Type
9.3.5.2.2 China Sunflower Oil Market by Application
9.3.5.3 India Sunflower Oil Market
9.3.5.3.1 India Sunflower Oil Market by Type
9.3.5.3.2 India Sunflower Oil Market by Application
9.3.5.4 Japan Sunflower Oil Market
9.3.5.4.1 Japan Sunflower Oil Market by Type
9.3.5.4.2 Japan Sunflower Oil Market by Application
9.3.5.5 South Korea Sunflower Oil Market
9.3.5.5.1 South Korea Sunflower Oil Market by Type
9.3.5.5.2 South Korea Sunflower Oil Market by Application
9.3.5.6 Rest of Asia-Pacific Sunflower Oil Market
9.3.5.6.1 Rest of Asia-Pacific Sunflower Oil Market by Type
9.3.5.6.2 Rest of Asia-Pacific Sunflower Oil Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Sunflower Oil Market Overview
9.4.2 Middle East and Africa Sunflower Oil Market Forecasts and Analysis
9.4.3 Middle East and Africa Sunflower Oil Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Sunflower Oil Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Sunflower Oil Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Sunflower Oil Market
9.4.5.1.1 South Africa Sunflower Oil Market by Type
9.4.5.1.2 South Africa Sunflower Oil Market by Application
9.4.5.2 Saudi Arabia Sunflower Oil Market
9.4.5.2.1 Saudi Arabia Sunflower Oil Market by Type
9.4.5.2.2 Saudi Arabia Sunflower Oil Market by Application
9.4.5.3 U.A.E Sunflower Oil Market
9.4.5.3.1 U.A.E Sunflower Oil Market by Type
9.4.5.3.2 U.A.E Sunflower Oil Market by Application
9.4.5.4 Rest of Middle East and Africa Sunflower Oil Market
9.4.5.4.1 Rest of Middle East and Africa Sunflower Oil Market by Type
9.4.5.4.2 Rest of Middle East and Africa Sunflower Oil Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Sunflower Oil Market Overview
9.5.2 South and Central America Sunflower Oil Market Forecasts and Analysis
9.5.3 South and Central America Sunflower Oil Market Forecasts and Analysis - By Type
9.5.4 South and Central America Sunflower Oil Market Forecasts and Analysis - By Application
9.5.5 South and Central America Sunflower Oil Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Sunflower Oil Market
9.5.5.1.1 Brazil Sunflower Oil Market by Type
9.5.5.1.2 Brazil Sunflower Oil Market by Application
9.5.5.2 Argentina Sunflower Oil Market
9.5.5.2.1 Argentina Sunflower Oil Market by Type
9.5.5.2.2 Argentina Sunflower Oil Market by Application
9.5.5.3 Rest of South and Central America Sunflower Oil Market
9.5.5.3.1 Rest of South and Central America Sunflower Oil Market by Type
9.5.5.3.2 Rest of South and Central America Sunflower Oil Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SUNFLOWER OIL MARKET, KEY COMPANY PROFILES
11.1. ARCHER DANIELS MIDLAND COMPANY
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CARGILL INCORPORATED
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. COLORADO MILLS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CHS INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. OLIYAR PRODUCTION COMPANY
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. DELIZIO
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MCJERRY SUNFLOWEROIL
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PPB GROUP BERHAD
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. CONAGRA FOODS, INC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. MARICO
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
11.11. REIN OIL CC.
11.11.1. Key Facts
11.11.2. Business Description
11.11.3. Products and Services
11.11.4. Financial Overview
11.11.5. SWOT Analysis
11.11.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Archer Daniels Midland Company
2. Cargill Incorporated
3. Colorado Mills
4. CHS Inc.
5. Oliyar Production Company
6. Delizio
7. Mcjerry sunfloweroil
8. PPB Group Berhad
9. ConAgra Foods, Inc
10. Marico
11. Rein Oil CC.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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