Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on sunflower oil market provides in-depth analysis of
segments and sub-segments in the global as well as regional sunflower oil
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional sunflower oil market over the short term
as well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of the global sunflower oil market. According to the
report, the global sunflower oil market is projected to grow at a CAGR of over
6% over the forecast period of 2022-2028.
The global sunflower oil market
was valued at USD 19 billion in 2022 and is expected to reach USD about 29
billion in 2028, with a CAGR of over 6% during the forecast period. Sunflower
oil is utilized to cure a range of ailments additionally as chemical
compositions. The food industry is additionally experiencing a lot of demand for
frying oil. Because of the high demand from food producers, the worldwide marketplace
for vegetable oil is predicted to rise steadily. The growth of sunflower oil
market will grow steadily due to the expansion of franchise shops and online
platforms. Asia Pacific region will hold a significant market share of the
processed sunflower oil market. The fast food sector in the region is
continuously expanding, which is increasing the demand for sunflower oil during
the forecast period.
The sunflower oil market is driven
by factors such as the use of sunflower oil for frying bakery and confectionery
products, further as for preparing food. Sunflower oil is in high demand since
it's beneficial for the center, and skin, and keeps bad cholesterol under
control, which is fuelling the sunflower oil industry. It is additionally
utilized to make cosmetic treatments that protect, moisturize, and help skin
heal from bruises and other skin issues. Sunflower oil is used in the creation
of active component carriers moreover as creams and gels for quick absorption
in pharmaceuticals, and its demand is predicted to rise internationally. These
factors are expected to fuel the expansion of the worldwide sunflower oil
market during the forecast period. The increasing trend of high-value food
globally due to the high-speed urbanization and standard of education will
create growth opportunities during the forecast period. However, the provision
of substitute edible oils like canola oil, olive oil, and vegetable oil with
similar nutrition will hamper the market growth.
The COVID-19 pandemic outbreak has
heavily impacted the worldwide economy and disrupted supply chain activities
worldwide. The government's imposition of lockdown and trade barriers has
negatively wedged the expansion of the edible seed and oil business. The
stay-at-home consumer tendency has been reflected negatively within the food
service and HoReCa (Hotel, restaurants, & Café) sectors. The Coronavirus
outbreak has led to a rise in edible oil prices, hitting hard the foremost
oil-exporting countries. As per the Solvent Extractors’ Association of India
(SEA), there has been a 5% decline in edible oil imports to achieve 14.2
million tonnes. This was a result of the disruption within the supply chain and
reduced consumption by the low-income consumer group. However, the disturbances
in the supply chain and logistics have begun to ease up, and with countries
lifting the trade bans, the industry is predicted to regain its pace within the
forecast period.
The report provides a regional
outlook covering geographies like North America, Europe, Asia-Pacific, and also
the rest of the globe. In Russia, the oil and fat industry is the leading
sub-sectors of the food processing industry, and also the production of
sunflower-seed oil increased at an exponential rate within the past decade.
Russia is the second-largest producer of sunflower seed and oil in the world,
continued by Ukraine. As per the Oil World, approximately 11.4 million metric
tons of sunflower seed were produced during 2018-19, which was the largest
ever, because of higher demand from the domestic processing sector. Moreover,
the country remains continuously expanding its production of vegetable oil. In
2019, Russia increased the processing of sunflower-seed oil by 23%, which
immensely drives the general European market. Russia may be a net exporter of
oils and fats, with the export of sunflower-seed oil increasing to quite
1,000,000 metric tons, and also the country is gradually becoming a major
player in the sunflower oil trade.
The report on global sunflower oil
market covers segments such as type, application, and distribution channel. On
the basis of type, the sub-markets include linoleic oil, mid-oleic oil, and
high-oleic oil. On the basis of application, the sub-markets include food,
biofuels, and cosmetics. On the basis of distribution channel, the sub-markets
include supermarkets and hypermarkets, retails stores, and online stores.
The report provides profiles of
the companies in the market such as Archer Daniels Midland Company, Oliyar,
Cargill Incorporated, Colorado Mills, Kaissa Oil, Delizio, CONAGRA BRANDS,
Marico, Rein Oil CC, and MWC Oil.
The report provides deep insights
into demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the sunflower oil market. Moreover, the study highlights current market
trends and provides forecast from 2022-2028. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players.
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