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Sunflower Oil Market: COVID-19 Impact and Global Analysis Forecast to 2028

Published Date: May 2021

No. of Pages: 208

Status: Upcoming

Report Code: EMR100279

Sunflower oil is the non-volatile oil compressed from the seeds of sunflower also known as Helianthus annuus. Sunflower oil is mostly utilized in food industry as a frying oil as well as in the cosmetic formulations in the form of an emollient. The globe’s overall production of sunflower oil in the year 2014 was approximately 16 million tons out of which Russia and Ukraine being the largest producers. It is a monounsaturated or polyunsaturated mix of almost all the oleic acid such as omega-9 and linoleic acid such as omega-6 class of oils. The seed range of oil substance are from 22% to 36 % (normal, 28%): the part contains 45– 55% oil. The expressed oil is of light golden color with a gentle and mild fragrance; refined oil is light yellow. Refining capacities are low and the oil has excellent characteristic qualities with light inclination for an enhanced inclination. The oil contains considerable amounts of sterols, vitamin E, aliphatic hydrocarbons and squalene. Currently, there has been an expansion in the overall demand for sunflower harvests, such as sunflower oil. Measures, for example, the improvement of half breed sunflowers to expand oil production has been acquainted with the increasing demand. Sunflower oil also known as Helianthus annuus is a non-unstable oil removed from the seeds of sunflower. It is a triglyceride and essentially comprises of stearic acid, palmitic acid, linoleic acid and oleic acid.

The global sunflower oil market is classified to witness a substantial growth owing to increasing popularity of unrefined, healthy , unprocessed and organic oil. In the coming years, vegetable oils with fat , low cholesterol and calories are likely to gain high response due to growing health awareness among people across the world. In addition, major improvement in retail network, oil production , rising crop yields and growing economies are some of the prominent factors supporting the growth of the global sunflower oil market. Furthermore, increasing popularity of canola oil, trans-fat free soybean oil, and emerging preference for olive oil will drive the global market for sunflower oil. The retail segment is anticipated to drive the sales of sunflower oils on account of strong supply chain of chain of sunflower oil products and established chain of retail outlets. Vegetable oil consumption has increased in developing countries due to increasing demand from growing population, surging retail sector, and rise in overall household income. Moreover the manufacturers of sunflower oils are adopting advanced processing technique to offer healthier and affordable oil. However, they lack in the production of sunflower oil in comparison with incoming demand.

The global sunflower oil market can be classified on the basis of seed type, application and geography. On the basis of seed type, the global sunflower oil market can be segmented into confection sunflower seeds and non-oil sunflower seeds. On the basis of application, the global sunflower oil market can be segmented into cooking, skin care products, restaurants & hotels and others. On the basis of geography, the global sunflower oil market can be segmented into Europe, North America, Asia-Pacific and Rest of the World.

Some of the key players in the global sunflower oil market are Archer Daniels Midland Company, Beidahuang Group , Borges Mediterranean Group ,Ruchi Soya , Ach Food Companies Inc., Bunge Limited Adani Group, Bunge Alimentos SA, Cargill Inc. and Fuji Vegetable Oil, Inc. among others.

The global sunflower oil market can be segmented

By Seed Type:
• Confection sunflower seeds
• Non-oil sunflower seeds

By Application:
• Cooking
• Skin care products
• Restaurants & hotels
• Others

By Region:
• North America
• Europe
• Asia-Pacific
• Rest of the World

The Leading Key Players in Sunflower Oil Market

Archer Daniels MidlCompany
Beidahuang Group
Borges Mediterranean Group
Ruchi Soya
Ach Food Companies Inc.
Bunge Limited Adani Group
Bunge Alimentos SA
Cargill Inc.
Fuji Vegetable Oil Inc.