Who are the key players in Sunflower Oil Market?

Archer Daniels Midland Company, Cargill Incorporated, Bunge Limited, Avril Group and Delta Wilmar Ukraine LLC are the major companies operating in the Sunflower Oil Market. Read More

Which is the fastest growing region in Sunflower Oil Market?

Middle East and Africa is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Sunflower Oil Market?

In 2024, the Europe accounts for the largest market share in Sunflower Oil Market. Read More

What years does this Sunflower Oil Market cover, and what was the market size in 2023?

In 2023, the Sunflower Oil Market size was estimated at USD 28.93 billion. The report covers the Sunflower Oil Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Sunflower Oil Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Sunflower Oil Market Size

Market Size of Sunflower Oil Industry

Study Period	2019 - 2029
Market Size (2024)	USD 30.62 Billion
Market Size (2029)	USD 40.08 Billion
CAGR (2024 - 2029)	5.53 %
Fastest Growing Market	Middle East and Africa
Largest Market	Europe
Market Concentration	Low
Major Players *Disclaimer: Major Players sorted in no particular order

Sunflower Oil Market Analysis

The Sunflower Oil Market size is estimated at USD 30.62 billion in 2024, and is expected to reach USD 40.08 billion by 2029, at a CAGR of 5.53% during the forecast period (2024-2029).

There has been a global shift towards healthier eating habits, spurring a heightened demand for sunflower oil, which is regarded as one of the healthier edible oils. This surge in demand has resulted in an expanded cultivation area for sunflowers and a corresponding rise in sowing seed prices. Recently, the sunflower seed market, particularly for sowing purposes, has experienced unprecedented growth. Sunflower oil, being both healthy and more affordable than many alternatives, sees robust demand in developing nations. This rising consumption of sunflower oil has counterbalanced the global downturn in palm, cottonseed, and rapeseed oils. The food sector predominantly utilizes sunflower oil, but its appeal is expanding, with cosmetic manufacturers and the healthcare industry showing increasing interest. The surging demand for products like sunscreens, facial masks, and eye treatments is poised to bolster the global market growth during the forecast period. Additionally, there is a rising trend among cosmetic users for chemical-free personal care products, further propelling the global sunflower oil market. In response, manufacturers are rolling out new products to cater to this demand for chemical-free offerings. A notable example is Keys Soulcare, a brand launched by US singer-songwriter Alicia Keys. In April 2022, they introduced a range of skin-nourishing products, developed in collaboration with board-certified dermatologist Dr. Renée Snyder. The lineup features tinted lip balms, cheek tints, brow gels, and complexion brushes, all crafted with natural ingredients like avocado oil, camellia seed oil, and sunflower oil.

Sunflower Oil Industry Segmentation

Sunflower oil, a pale yellow semi-drying or drying fatty oil, is extracted from the seeds of the common sunflower. It is primarily utilized in food, personal care products, varnishes, and paints.

The global sunflower oil market is categorized by type and application. The types include linoleic oil, mid-oleic oil, and high-oleic oil. Applications span across food, biofuels, and personal care. The report also provides a geographical analysis of the market, focusing on both developed and emerging regions, namely North America, Europe, Asia Pacific, South America, and the Middle East and Africa.

Market sizing is presented in USD value terms for all segments mentioned above.

Type
		Linoleic Oil
		Mid-oleic Oil
		High-oleic Oil

Application
		Food
		Biofuels
		Personal Care

Geography

North America
	United States
	Canada
	Mexico
	Rest of North America

Europe
	Germany
	United Kingdom
	France
	Italy
	Russia
	Spain
	Rest of Europe

Asia-Pacific
	China
	Japan
	India
	Australia
	Rest of Asia-Pacific

South America
	Brazil
	Argentina
	Rest of South America

Middle-East and Africa
	Saudi Arabia
	South Africa
	Rest of Middle-East and Africa

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Sunflower Oil Market Size Summary

The sunflower oil market is poised for significant growth over the forecast period, driven by increasing consumer preference for healthier and non-GMO food options. This trend has been particularly pronounced in developing countries, where sunflower oil is favored for its health benefits and cost-effectiveness compared to other edible oils. The market's expansion is further supported by the rising demand for sunflower oil in the personal care and cosmetics industries, where it is valued for its natural and chemical-free properties. Manufacturers are responding to this demand by launching new products that incorporate sunflower oil, catering to consumers seeking natural ingredients in their personal care routines. The oil's versatility in both food and industrial applications, such as frying and salad dressings, also contributes to its growing popularity.

Europe remains a dominant region in the sunflower oil market, with increasing consumption driven by the demand for healthier cooking oils. The region's preference for oils with high unsaturated fatty acids and smoke points has bolstered the market's growth. Major producers like Russia and Ukraine play a crucial role in the global supply chain, although geopolitical tensions have impacted production and pricing. Key industry players, including Archer Daniels Midland Company, Bunge Limited, and Cargill Incorporated, leverage their extensive geographical presence and product innovation strategies to maintain a competitive edge. These companies continue to expand their operations and invest in new facilities to meet the rising global demand for sunflower oil, ensuring their strong foothold in the market.

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Sunflower Oil Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Market Drivers
  1. 1.1.1 Consumer Awareness of the Health Benefits of Sunflower Oil
  2. 1.1.2 Rising Adoption of Sunflower Oil Beyond Culinary Uses
2. 1.2 Market Restraints
  1. 1.2.1 Presence of Substitute Oils
  2. 1.2.2 Supply Chain and Production Volatility
3. 1.3 Porter's Five Forces Analysis
  1. 1.3.1 Threat of New Entrants
  2. 1.3.2 Bargaining Power of Buyers/Consumers
  3. 1.3.3 Bargaining Power of Suppliers
  4. 1.3.4 Threat of Substitute Products
  5. 1.3.5 Intensity of Competitive Rivalry
2. MARKET SEGMENTATION
1. 2.1 Type
  1. 2.1.1 Linoleic Oil
  2. 2.1.2 Mid-oleic Oil
  3. 2.1.3 High-oleic Oil
2. 2.2 Application
  1. 2.2.1 Food
  2. 2.2.2 Biofuels
  3. 2.2.3 Personal Care
3. 2.3 Geography
  1. 2.3.1 North America
    1. 2.3.1.1 United States
    2. 2.3.1.2 Canada
    3. 2.3.1.3 Mexico
    4. 2.3.1.4 Rest of North America
  2. 2.3.2 Europe
    1. 2.3.2.1 Germany
    2. 2.3.2.2 United Kingdom
    3. 2.3.2.3 France
    4. 2.3.2.4 Italy
    5. 2.3.2.5 Russia
    6. 2.3.2.6 Spain
    7. 2.3.2.7 Rest of Europe
  3. 2.3.3 Asia-Pacific
    1. 2.3.3.1 China
    2. 2.3.3.2 Japan
    3. 2.3.3.3 India
    4. 2.3.3.4 Australia
    5. 2.3.3.5 Rest of Asia-Pacific
  4. 2.3.4 South America
    1. 2.3.4.1 Brazil
    2. 2.3.4.2 Argentina
    3. 2.3.4.3 Rest of South America
  5. 2.3.5 Middle-East and Africa
    1. 2.3.5.1 Saudi Arabia
    2. 2.3.5.2 South Africa
    3. 2.3.5.3 Rest of Middle-East and Africa