Sunflower Oil Market Size, Trends and Insights By Type (High-Oleic, Mid-Oleic, Linoleic), By Distribution Channel (Retail Stores, Online), By Application (Food & Beverages, Biofuel, Personal Care), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Cargill
- Archer Daniels Midland Company
- Conagra Brands Inc.
- Bunge Ltd.
- Hanoon Oil Factory
- Colorado Mills
- Others
Reports Description
Global Sunflower Oil Market was valued at USD 21.2 Billion in 2024 and is expected to reach USD 35.4 Billion by 2033, at a CAGR of 5.8% during the forecast period 2024 – 2033.
Sunflower oil is a vegetable oil extracted from the seeds of sunflowers (Helianthus annuus). It is commonly used in cooking and food preparation due to its mild flavour, high smoke point, and versatile applications.
Sunflower oil is rich in vitamin E and unsaturated fats, making it a healthier option compared to some other cooking oils. It is used for frying, baking, salad dressings, and in various food products such as margarine and mayonnaise.
Sunflower Oil Market: Growth Factors
Increased utilization of sunflower oil for producing biodiesel
The growing utilization of sunflower oil for producing biodiesel is driving the sunflower oil market due to several factors. First, the increasing emphasis on renewable energy sources and sustainability has spurred interest in biodiesel production from non-food crops like sunflowers.
Sunflower oil is a viable feedstock for biodiesel production due to its high oleic acid content, which enhances the fuel’s stability and reduces emissions. Additionally, the availability of sunflower oil as a byproduct of the food industry makes it a cost-effective option for biodiesel manufacturers. As demand for environmentally friendly fuels continues to rise, there’s a corresponding increase in the demand for sunflower oil, stimulating market growth.
Moreover, government incentives and policies promoting the use of biodiesel further bolster this trend, encouraging investment in sunflower oil production. Overall, the shift towards utilizing sunflower oil for biodiesel aligns with sustainability goals and contributes to the expansion of the sunflower oil market. For instance, Aris Bioenergy produced biodiesel from sunflower oil, animal fat, soybean oil, canola oil, etc.
Rising preference for healthy cooking oils in processed foods drives market growth
The wide inclusion of healthy cooking oils in processed foods, such as sunflower oil, has driven the sunflower oil market for several reasons. Firstly, consumers are increasingly prioritizing healthier food choices, leading food manufacturers to replace less healthy oils like palm oil or partially hydrogenated oils with healthier alternatives like sunflower oil.
Sunflower oil is low in saturated fats and high in unsaturated fats, particularly linoleic acid, which is beneficial for heart health. Additionally, sunflower oil has a neutral flavour profile, making it suitable for a wide range of food products without overpowering other flavors.
Furthermore, its versatility in various cooking methods, including frying, baking, and salad dressings, makes it an attractive option for food manufacturers seeking a multipurpose oil. As consumer demand for healthier processed foods continues to rise, the sunflower oil market is expected to grow further due to its perceived health benefits and culinary versatility.
For instance, as per Agro & Food Processing India, sunflower oil, recognized as a premium oil, boasts low levels of saturated fats and high concentrations of monounsaturated fats, contributing to extended product shelf life. Its minimal omega-3 fatty acid content enhances its stability compared to numerous other oils.
Sunflower Oil Market: Restraints
Presence of substitute edible oils
The presence of substitute edible oils poses a challenge to the sunflower oil market for several reasons. Firstly, consumers often choose alternative oils such as soybean, canola, or olive oil based on factors like taste preference, health considerations, or culinary versatility.
Additionally, market competition among different oil producers intensifies as they vie for consumer loyalty and market share. This competition can lead to price wars and promotional activities, affecting the profitability of sunflower oil producers.
Moreover, the availability and promotion of alternative oils can sway consumer preferences away from sunflower oil, impacting its demand. To counteract this, sunflower oil producers may need to focus on promoting the unique qualities of their product, such as its high smoke point, heart-healthy properties, and suitability for various cooking methods, to differentiate it effectively in the market and maintain consumer interest.
Sunflower Oil Market: Opportunities
Rising usage of sunflower oil in cosmetics
The rising usage of sunflower oil in cosmetics is propelling growth in the sunflower oil market due to its numerous beneficial properties for skincare and haircare products. Sunflower oil is rich in vitamins, particularly vitamin E, which acts as a powerful antioxidant, protecting the skin from environmental damage and promoting skin regeneration.
Its lightweight texture makes it easily absorbable, leaving the skin feeling nourished and moisturized without clogging pores. Additionally, sunflower oil possesses anti-inflammatory properties, making it suitable for sensitive or acne-prone skin. In haircare products, sunflower oil helps moisturize and condition the scalp and hair strands, reducing frizz and promoting shine.
As consumers increasingly seek natural and effective ingredients in their beauty products, the demand for sunflower oil as a key ingredient in cosmetics is expected to continue driving growth in the sunflower oil market. For instance, edible mushrooms have proven to be a sustainable reservoir of bioactive compounds, with elements from specific medicinal mushrooms becoming key components of dietary supplements.
For instance, Stephenson utilizes sunflower oil in various face and body emulsions. Studies indicate its potential to enhance ceramide production, aiding in softening and smoothing skin, and countering dryness from typical surfactants.
Sunflower Oil Market: Segmentation Analysis
Sunflower Oil market is segmented by type, distribution channel, application, and region. Based on type, the market is classified into high-oleic, mid-oleic, and linoleic. Mid-oleic dominated the market in 2022 with a market share of 60% and is expected to keep its dominance during the forecast period 2024-2032.
Mid-oleic sunflower oil, with its balanced fatty acid composition, particularly its elevated levels of monounsaturated oleic acid and reduced levels of polyunsaturated linoleic acid, has catalysed significant shifts in the sunflower oil market. Its composition enhances stability and prolongs shelf life, making it attractive to food manufacturers seeking healthier and more stable frying and cooking oils.
Additionally, its neutral flavour profile and versatility in various culinary applications have contributed to its popularity among consumers seeking healthier dietary options. Moreover, mid-oleic sunflower oil’s favourable nutritional profile aligns with current consumer trends emphasizing health-conscious choices, further driving its demand.
Based on distribution channels, the market is classified into retail stores and online. The retail stores segment dominated the market in 2022 with a market share of 65% and is expected to keep its dominance during the forecast period 2024-2032. Retail stores play a pivotal role in driving the sunflower oil market through various strategies.
Offering promotions, discounts, and bundle deals further entices customers to buy sunflower oil. Additionally, retail stores invest in marketing campaigns, both in-store and online, to highlight the health benefits, versatility, and culinary uses of sunflower oil, thus increasing consumer awareness and demand.
Some retailers also stock a diverse range of sunflower oil products, including organic, cold-pressed, and flavoured varieties, catering to different consumer preferences. By providing convenient access, competitive pricing, and a wide selection, retail stores effectively stimulate and sustain the growth of the sunflower oil market, making it a staple in households worldwide.
Based on application, the market is classified into food & beverages, biofuel and personal care. The food and beverages segment dominated the market in 2022 with a market share of 70% and is expected to keep its dominance during the forecast period 2024-2032.
Food and beverages play a significant role in driving the sunflower oil market due to its versatile applications and health benefits. Sunflower oil is widely used in cooking, baking, frying, and salad dressings, making it a staple ingredient in households and food service establishments globally. Its light flavour and high smoke point make it suitable for various culinary purposes, appealing to consumers seeking healthier cooking oils.
Additionally, the growing demand for natural and organic ingredients further boosts sunflower oil consumption in food products. In the beverage industry, sunflower oil is utilized in the production of health drinks and fortified beverages, capitalizing on its nutritional value and omega-6 fatty acid content.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 21.2 Billion |
| Projected Market Size in 2033 | USD 35.4 Billion |
| Market Size in 2023 | USD 20.5 Billion |
| CAGR Growth Rate | 5.8% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Type, Distribution Channel, Application and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Sunflower Oil Market: Regional Analysis
By region, Sunflower Oil market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. The Asia-Pacific dominated the global Sunflower Oil market in 2022 with a market share of 45% in 2022 and is expected to keep its dominance during the forecast period 2024-2032.
The Asia-Pacific region serves as a significant driver of the sunflower oil market due to several factors. Firstly, the region’s large population, particularly in countries like China and India, creates a substantial demand for edible oils, including sunflower oil, as a cooking staple. Additionally, rising disposable incomes and changing dietary preferences towards healthier oils contribute to increased consumption.
Furthermore, the growing awareness of the health benefits associated with sunflower oil, such as its high vitamin E content and low saturated fat levels, further fuels its market growth in the Asia-Pacific region.
Sunflower Oil Market: Recent Developments
- In February 2023, Cargill India, expanded its presence into the South Indian market through the acquisition and investment of $35 million in an existing facility located in Nellore, Andhra Pradesh. The company has unveiled its inaugural product, Gemini Pureit, a sunflower oil produced at the Nellore plant, which will be distributed throughout four South Indian States.
- In October 2023, The Egyptian state-backed importing agency, General Authority for Supply Commodities (GASC), has recently procured over 60,000 tonnes of sunflower oil following the completion of a tender with Aston Agro Industrial.
- In August 2022, BIGS® Sunflower Seeds, a Conagra Brands, Inc. launched a fresh flavor of sunflower seeds inspired by Taco Bell, named BIGS Taco Bell Taco Supreme.
List of the prominent players in the Sunflower Oil Market:
- Cargill
- Archer Daniels Midland Company
- Conagra Brands Inc.
- Bunge Ltd.
- Hanoon Oil Factory
- Colorado Mills
- PPB Group Barhad
- Parakh Group
- Abu Bhabi Vegetable Oil
- Rein Oil CC
- Aston
- EFKO
- Oliyar Production
- Delizio
- Avril Group
- Optimusagro Trade
- RISOIL SA
- Marico & Rein Oil CC
- Macjerry Sunflower oil
- KAISSA Oil
- Adani Wilmar
- Kernel
- Delta Wilmar CIS
- UkrOliya LLC
- Others
These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.
The Sunflower Oil Market is segmented as follows:
By Type
- High-Oleic
- Mid-Oleic
- Linoleic
By Distribution Channel
- Retail Stores
- Online
By Application
- Food & Beverages
- Biofuel
- Personal Care
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Sunflower Oil Market, (2024 – 2033) (USD Billion)
- 2.2 Global Sunflower Oil Market: snapshot
- Chapter 3. Global Sunflower Oil Market – Industry Analysis
- 3.1 Sunflower Oil Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Increased utilization of sunflower oil for producing biodiesel
- 3.2.2 Rising preference for healthy cooking oils in processed foods drives market growth
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Type
- 3.7.2 Market Attractiveness Analysis By Distribution Channel
- 3.7.3 Market Attractiveness Analysis By Application
- Chapter 4. Global Sunflower Oil Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Sunflower Oil Market: Company Market Share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Sunflower Oil Market – Type Analysis
- 5.1 Global Sunflower Oil Market Overview: By Type
- 5.1.1 Global Sunflower Oil Market Share, By Type, 2023 and 2033
- 5.2 High-Oleic
- 5.2.1 Global Sunflower Oil Market by High-Oleic, 2024 – 2033 (USD Billion)
- 5.3 Mid-Oleic
- 5.3.1 Global Sunflower Oil Market by Mid-Oleic, 2024 – 2033 (USD Billion)
- 5.4 Linoleic
- 5.4.1 Global Sunflower Oil Market by Linoleic, 2024 – 2033 (USD Billion)
- 5.1 Global Sunflower Oil Market Overview: By Type
- Chapter 6. Global Sunflower Oil Market – Distribution Channel Analysis
- 6.1 Global Sunflower Oil Market Overview: By Distribution Channel
- 6.1.1 Global Sunflower Oil Market Share, By Distribution Channel, 2023 and 2033
- 6.2 Retail Stores
- 6.2.1 Global Sunflower Oil Market by Retail Stores, 2024 – 2033 (USD Billion)
- 6.3 Online
- 6.3.1 Global Sunflower Oil Market by Online, 2024 – 2033 (USD Billion)
- 6.1 Global Sunflower Oil Market Overview: By Distribution Channel
- Chapter 7. Global Sunflower Oil Market – Application Analysis
- 7.1 Global Sunflower Oil Market Overview: By Application
- 7.1.1 Global Sunflower Oil Market Share, By Application, 2023 and 2033
- 7.2 Food & Beverages
- 7.2.1 Global Sunflower Oil Market by Food & Beverages, 2024 – 2033 (USD Billion)
- 7.3 Biofuel
- 7.3.1 Global Sunflower Oil Market by Biofuel, 2024 – 2033 (USD Billion)
- 7.4 Personal Care
- 7.4.1 Global Sunflower Oil Market by Personal Care, 2024 – 2033 (USD Billion)
- 7.1 Global Sunflower Oil Market Overview: By Application
- Chapter 8. Sunflower Oil Market – Regional Analysis
- 8.1 Global Sunflower Oil Market Regional Overview
- 8.2 Global Sunflower Oil Market Share, by Region, 2023 & 2033 (USD Billion)
- 8.3. North America
- 8.3.1 North America Sunflower Oil Market, 2024 – 2033 (USD Billion)
- 8.3.1.1 North America Sunflower Oil Market, by Country, 2024 – 2033 (USD Billion)
- 8.3.1 North America Sunflower Oil Market, 2024 – 2033 (USD Billion)
- 8.4 North America Sunflower Oil Market, by Type, 2024 – 2033
- 8.4.1 North America Sunflower Oil Market, by Type, 2024 – 2033 (USD Billion)
- 8.5 North America Sunflower Oil Market, by Distribution Channel, 2024 – 2033
- 8.5.1 North America Sunflower Oil Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 8.6 North America Sunflower Oil Market, by Application, 2024 – 2033
- 8.6.1 North America Sunflower Oil Market, by Application, 2024 – 2033 (USD Billion)
- 8.7. Europe
- 8.7.1 Europe Sunflower Oil Market, 2024 – 2033 (USD Billion)
- 8.7.1.1 Europe Sunflower Oil Market, by Country, 2024 – 2033 (USD Billion)
- 8.7.1 Europe Sunflower Oil Market, 2024 – 2033 (USD Billion)
- 8.8 Europe Sunflower Oil Market, by Type, 2024 – 2033
- 8.8.1 Europe Sunflower Oil Market, by Type, 2024 – 2033 (USD Billion)
- 8.9 Europe Sunflower Oil Market, by Distribution Channel, 2024 – 2033
- 8.9.1 Europe Sunflower Oil Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 8.10 Europe Sunflower Oil Market, by Application, 2024 – 2033
- 8.10.1 Europe Sunflower Oil Market, by Application, 2024 – 2033 (USD Billion)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Sunflower Oil Market, 2024 – 2033 (USD Billion)
- 8.11.1.1 Asia Pacific Sunflower Oil Market, by Country, 2024 – 2033 (USD Billion)
- 8.11.1 Asia Pacific Sunflower Oil Market, 2024 – 2033 (USD Billion)
- 8.12 Asia Pacific Sunflower Oil Market, by Type, 2024 – 2033
- 8.12.1 Asia Pacific Sunflower Oil Market, by Type, 2024 – 2033 (USD Billion)
- 8.13 Asia Pacific Sunflower Oil Market, by Distribution Channel, 2024 – 2033
- 8.13.1 Asia Pacific Sunflower Oil Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 8.14 Asia Pacific Sunflower Oil Market, by Application, 2024 – 2033
- 8.14.1 Asia Pacific Sunflower Oil Market, by Application, 2024 – 2033 (USD Billion)
- 8.15. Latin America
- 8.15.1 Latin America Sunflower Oil Market, 2024 – 2033 (USD Billion)
- 8.15.1.1 Latin America Sunflower Oil Market, by Country, 2024 – 2033 (USD Billion)
- 8.15.1 Latin America Sunflower Oil Market, 2024 – 2033 (USD Billion)
- 8.16 Latin America Sunflower Oil Market, by Type, 2024 – 2033
- 8.16.1 Latin America Sunflower Oil Market, by Type, 2024 – 2033 (USD Billion)
- 8.17 Latin America Sunflower Oil Market, by Distribution Channel, 2024 – 2033
- 8.17.1 Latin America Sunflower Oil Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 8.18 Latin America Sunflower Oil Market, by Application, 2024 – 2033
- 8.18.1 Latin America Sunflower Oil Market, by Application, 2024 – 2033 (USD Billion)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Sunflower Oil Market, 2024 – 2033 (USD Billion)
- 8.19.1.1 The Middle-East and Africa Sunflower Oil Market, by Country, 2024 – 2033 (USD Billion)
- 8.19.1 The Middle-East and Africa Sunflower Oil Market, 2024 – 2033 (USD Billion)
- 8.20 The Middle-East and Africa Sunflower Oil Market, by Type, 2024 – 2033
- 8.20.1 The Middle-East and Africa Sunflower Oil Market, by Type, 2024 – 2033 (USD Billion)
- 8.21 The Middle-East and Africa Sunflower Oil Market, by Distribution Channel, 2024 – 2033
- 8.21.1 The Middle-East and Africa Sunflower Oil Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 8.22 The Middle-East and Africa Sunflower Oil Market, by Application, 2024 – 2033
- 8.22.1 The Middle-East and Africa Sunflower Oil Market, by Application, 2024 – 2033 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 Cargill
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Archer Daniels Midland Company
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 Conagra Brands Inc.
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Bunge Ltd.
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Hanoon Oil Factory
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Colorado Mills
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 PPB Group Barhad
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 Parakh Group
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Abu Bhabi Vegetable Oil
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Rein Oil CC
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 Aston
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 EFKO
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 Oliyar Production
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 Delizio
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 Avril Group
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.16 Optimusagro Trade
- 9.16.1 Overview
- 9.16.2 Financials
- 9.16.3 Product Portfolio
- 9.16.4 Business Strategy
- 9.16.5 Recent Developments
- 9.17 RISOIL SA
- 9.17.1 Overview
- 9.17.2 Financials
- 9.17.3 Product Portfolio
- 9.17.4 Business Strategy
- 9.17.5 Recent Developments
- 9.18 Marico & Rein Oil CC
- 9.18.1 Overview
- 9.18.2 Financials
- 9.18.3 Product Portfolio
- 9.18.4 Business Strategy
- 9.18.5 Recent Developments
- 9.19 Macjerry Sunflower oil
- 9.19.1 Overview
- 9.19.2 Financials
- 9.19.3 Product Portfolio
- 9.19.4 Business Strategy
- 9.19.5 Recent Developments
- 9.20 KAISSA Oil
- 9.20.1 Overview
- 9.20.2 Financials
- 9.20.3 Product Portfolio
- 9.20.4 Business Strategy
- 9.20.5 Recent Developments
- 9.21 Adani Wilmar
- 9.21.1 Overview
- 9.21.2 Financials
- 9.21.3 Product Portfolio
- 9.21.4 Business Strategy
- 9.21.5 Recent Developments
- 9.22 Kernel
- 9.22.1 Overview
- 9.22.2 Financials
- 9.22.3 Product Portfolio
- 9.22.4 Business Strategy
- 9.22.5 Recent Developments
- 9.23 Delta Wilmar CIS
- 9.23.1 Overview
- 9.23.2 Financials
- 9.23.3 Product Portfolio
- 9.23.4 Business Strategy
- 9.23.5 Recent Developments
- 9.24 UkrOliya LLC
- 9.24.1 Overview
- 9.24.2 Financials
- 9.24.3 Product Portfolio
- 9.24.4 Business Strategy
- 9.24.5 Recent Developments
- 9.25 Others.
- 9.25.1 Overview
- 9.25.2 Financials
- 9.25.3 Product Portfolio
- 9.25.4 Business Strategy
- 9.25.5 Recent Developments
- 9.1 Cargill
List Of Figures
Figures No 1 to 24
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2032
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Player
- Cargill
- Archer Daniels Midland Company
- Conagra Brands Inc.
- Bunge Ltd.
- Hanoon Oil Factory
- Colorado Mills
- PPB Group Barhad
- Parakh Group
- Abu Bhabi Vegetable Oil
- Rein Oil CC
- Aston
- EFKO
- Oliyar Production
- Delizio
- Avril Group
- Optimusagro Trade
- RISOIL SA
- Marico & Rein Oil CC
- Macjerry Sunflower oil
- KAISSA Oil
- Adani Wilmar
- Kernel
- Delta Wilmar CIS
- UkrOliya LLC
- Others
FAQs
The major driver for the Sunflower Oil market is increased utilization of sunflower oil for producing biodiesel and rising preference for healthy cooking oils in processed foods.
The “High-Oleic” category dominated the market in 2023.
The key players in the market are Cargill, Archer Daniels Midland Company, Conagra Brands Inc., Bunge Ltd., Hanoon Oil Factory, Colorado Mills, PPB Group Barhad, Parakh Group, Abu Bhabi Vegetable Oil, Rein Oil CC, Aston, EFKO, Oliyar Production, Delizio, Avril Group, Optimusagro Trade, RISOIL SA, Marico & Rein Oil CC, Macjerry Sunflower oil, KAISSA Oil, Adani Wilmar, Kernel, Delta Wilmar CIS, UkrOliya LLC, Others.
“Asia-Pacific” had the largest share in the Sunflower Oil Market.
The global market is projected to grow at a CAGR of 5.8% during the forecast period, 2024-2033.
The Sunflower Oil Market size was valued at USD 21.2 Billion in 2024.