Sunflower Oil Market
Global Sunflower Oil Market Size, Share & Trends Analysis Report by Type (Linoleic, Mid-Oleic, and High-Oleic), and by End-User (Foodservice, Household, Biofuels, Personal Care, and Industrial) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
The global sunflower oil market is anticipated to grow at a significant CAGR of 6.7% during the forecast period. Sunflower oil is a flavorless and colorless oil produced from dried or soft sunflower kernels. Due to their high energy content, oilseeds have contributed to the increase in dietary energy intake in developing countries over the past few decades, which in turn has directly increased the trade activities of sunflower oil. According to the Observatory of Economic Complexity (OEC), in 2020, sunflower seed, or safflower crude oil was ranked 329th as the most traded product, with a total trade value of $9.02B. Additionally, the exports of sunflower seed or safflower crude oil grew by 14.5%, from $7.9 billion to $9.0 billion.
However, the continuously increasing conflict between Ukraine and Russia is expected to hamper the global sunflower oil market, as the top exporters of sunflower oil established in Ukraine have stopped their trade activities. Additionally, the buyers have to pay a hefty premium for supplies from Ukrainian sunflower companies.
Impact of COVID-19 Pandemic on Global Sunflower Oil Market
The COVID-19 pandemic had impacted most of the industries in the market. The spread of the virus led governments across the globe to impose a lockdown that strictly restricted the use of outdoor shopping and shut down transportation services for a while, further halting trade activities. According to the Solvent Extractors’ Association of India (SEA), there has been a 5% decline in edible oil imports in 2020.
Segmental Outlook
The global sunflower oil market is segmented based on type and end-user. Based on the type, the market is segmented into linoleic, mid-oleic, and high-oleic. Based on the end-user, the market is sub-segmented into foodservice, household, biofuels, personal care, and industrial. Among the end-users, the personal care segment is expected to witness significant growth in the market across the globe.
Global Sunflower Oil Market Share by Type, 2021 (%)
The Mid-Oleic Sunflower Oil Segment Anticipated to Hold the Prominent Share in the Global Sunflower Oil Market
The mid-oleic segment is estimated to hold a prominent share in the market during the forecast period owing to the increasing preference from consumers concerned with health and wellness awareness. The most common variety of sunflower oil accessible globally is mid-oleic sunflower oil, which is called the standard version. Since mid-oleic oil contains linoleic and oleic acid, which prevents the formation of rancid and is a good dietary supply. Thus, the use of mid-oleic oil eradicated the requirement of hydrogenation and the associated trans fat. Furthermore, it is widely used in the culinary sector in high-temperature cooking environments. It can also be used as an emollient formula for cosmetics.
Regional Outlooks
The global sunflower oil market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. North America region is expected to grow significantly while Europe is anticipated to hold a prominent share of the market during the forecast period. Further, the Asia-Pacific regional market is expected to witness the highest CAGR over the forecast period owing to the growing use of sunflower oil in various end-user industries including food & beverage, cosmetic & personal care, and pharmaceutical in the region. For instance, in April 2021, Sternchemie received a Generally Recognised As Safe (GRAS) letter of no objection from the US Food and Drug Administration (US FDA) for its range of sunflower lecithins.
Global Sunflower Oil Market Growth, by Region 2022-2028
The Asia-Pacific Region is Expected to Witness Considerable CAGR in the Global Sunflower Oil Market
The Asia-Pacific region is expected to witness a considerable CAGR over the forecast period. Owing to the increasing number of sunflower crops and consumption in the region the market is anticipated to grow at a remarkable pace. According to the OCE, in 2020, the top importers of sunflower seed and crude oil were India with $1.9 billion, and China with $1.5 billion. Additionally, the rising inclination of market players toward initiatives such as acquisition and others across the region to further propel the market growth. For instance, in October 2019, AAK AB purchased an extra 5% stake in AAK Kamani Pvt. Ltd. It is a joint venture between AAK AB and Kamani Oil Industries Pvt. Ltd., with Kamani Oil Industries Pvt Ltd owning 69% of the company's stock.
Market Players Outlook
The major companies serving the global sunflower oil market include Archer Daniels Midland Co., AVRIL SCA, Bunge Ltd., Cargill Inc., KAISSA, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in May 2022, KTC edibles was acquired by Endless, which is UK private equity player. With this acquisition, Endless aims to support the company's growth plans by expanding and extending its edible oil operations, range, and service offerings across the globe.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Sunflower Oil market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Sunflower Oil Market
• Recovery Scenario of Global Sunflower Oil Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Archer Daniels Midland Co.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. AVRIL SCA
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Bunge Ltd.
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Cargill Inc.
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. KAISSA
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Segmentation
4.1. Global Sunflower Oil Market by Type
4.1.1. Linoleic
4.1.2. Mid-Oleic
4.1.3. High-Oleic
4.2. Global Sunflower Oil Market by End-User
4.2.1. Foodservice
4.2.2. Household
4.2.3. Biofuels
4.2.4. Personal Care
4.2.5. Industrial
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. AAK AB
6.2. AVENO N.V.
6.3. Dubai World Trade Center L.L.C. (Abu Dhabi Vegetable Oil Co.)
6.4. CHS Inc.
6.5. Conagra Brands, Inc.
6.6. Colorado Mills
6.7. Hanoon Oil Factory
6.8. Lia Food (EFKO Group)
6.9. Marico Ltd.
6.10. Oliyar Production Co.
6.11. Parakh Group
6.12. Rein Oil CC
6.13. Mcjerry Sunfloweroil Co. Ltd.
1. GLOBAL SUNFLOWER OIL MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL LINOLEIC SUNFLOWER OIL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL MID-OLEIC SUNFLOWER OIL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL HIGH-OLEIC SUNFLOWER OIL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL SUNFLOWER OIL MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
6. GLOBAL SUNFLOWER OIL IN FOODSERVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL SUNFLOWER OIL IN HOUSEHOLD MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL SUNFLOWER OIL IN BIOFUELS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL SUNFLOWER OIL IN PERSONAL CARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL SUNFLOWER OIL IN INDUSTRIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL SUNFLOWER OIL MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
12. NORTH AMERICAN SUNFLOWER OIL MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
13. NORTH AMERICAN SUNFLOWER OIL MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
14. NORTH AMERICAN SUNFLOWER OIL MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
15. EUROPEAN SUNFLOWER OIL MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
16. EUROPEAN SUNFLOWER OIL MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
17. EUROPEAN SUNFLOWER OIL MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
18. ASIA-PACIFIC SUNFLOWER OIL MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. ASIA-PACIFIC SUNFLOWER OIL MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC SUNFLOWER OIL MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
21. REST OF THE WORLD SUNFLOWER OIL MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. REST OF THE WORLD SUNFLOWER OIL MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
23. REST OF THE WORLD SUNFLOWER OIL MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL SUNFLOWER OIL MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL SUNFLOWER OIL MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL SUNFLOWER OIL MARKET, 2022-2028 (%)
4. GLOBAL SUNFLOWER OIL MARKET SHARE BY TYPE, 2021 VS 2028 (%)
5. GLOBAL LINOLEIC SUNFLOWER OIL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL MID-OLEIC SUNFLOWER OIL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL HIGH-OLEIC SUNFLOWER OIL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL SUNFLOWER OIL MARKET SHARE BY END-USER, 2021 VS 2028 (%)
9. GLOBAL SUNFLOWER OIL IN FOODSERVICE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL SUNFLOWER OIL IN HOUSEHOLD MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL SUNFLOWER OIL IN FOODSERVICE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL SUNFLOWER OIL IN BIOFUELS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL SUNFLOWER OIL IN PERSONAL CARE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL SUNFLOWER OIL IN INDUSTRIAL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL SUNFLOWER OIL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. US SUNFLOWER OIL MARKET SIZE, 2021-2028 ($ MILLION)
17. CANADA SUNFLOWER OIL MARKET SIZE, 2021-2028 ($ MILLION)
18. UK SUNFLOWER OIL MARKET SIZE, 2021-2028 ($ MILLION)
19. FRANCE SUNFLOWER OIL MARKET SIZE, 2021-2028 ($ MILLION)
20. GERMANY SUNFLOWER OIL MARKET SIZE, 2021-2028 ($ MILLION)
21. ITALY SUNFLOWER OIL MARKET SIZE, 2021-2028 ($ MILLION)
22. SPAIN SUNFLOWER OIL MARKET SIZE, 2021-2028 ($ MILLION)
23. REST OF EUROPE SUNFLOWER OIL MARKET SIZE, 2021-2028 ($ MILLION)
24. INDIA SUNFLOWER OIL MARKET SIZE, 2021-2028 ($ MILLION)
25. CHINA SUNFLOWER OIL MARKET SIZE, 2021-2028 ($ MILLION)
26. JAPAN SUNFLOWER OIL MARKET SIZE, 2021-2028 ($ MILLION)
27. SOUTH KOREA SUNFLOWER OIL MARKET SIZE, 2021-2028 ($ MILLION)
28. REST OF ASIA-PACIFIC SUNFLOWER OIL MARKET SIZE, 2021-2028 ($ MILLION)
29. REST OF THE WORLD SUNFLOWER OIL MARKET SIZE, 2021-2028 ($ MILLION)
