Sunflower oil is used in the treatment of various diseases and chemical formulations. Food industry also witnesses considerable demand in food industry as a frying oil. The global market for sunflower oil is expected to witness a steady growth due to considerable demand among food manufacturers. Expansion of online platforms and franchise outlets will contribute towards growth of the global sunflower oil market. Europe will remain the largest market for processed sunflower oil globally. The global sunflower oil market is expected to witness a moderate CAGR growth, and will reach a value of more than US$ 11 Mn in 2022.
Market Taxonomy
|
Product Type |
End User |
Distribution Channel |
|
Processed |
Foodservice |
Modern Trade |
|
Virgin |
Food Processor |
Franchise Outlets |
|
Retail |
Specialty Stores |
|
|
Online |
(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
Consumption of Sunflower Oil in Healthcare Industry
Known for its health-related benefits, consumption of sunflower oil is not only restricted for treating cardiac diseases in the hospitals. Attributed to its anti-inflammatory properties, sunflower oil has been a beneficial for people suffering from asthma and arthritis. Apart from its use in treatment of arthritis and asthma, sunflower oil is also used to tenia pedis foot infection among men athletes. Bound to such factors, sunflower oil is expected to witness an upsurge in demand in the global healthcare industry.
Cosmetic Manufacturers to Represent Considerable Demand
Rich in antioxidants and beta-carotene, the sunflower oil witnesses a considerable demand among manufacturers of cosmetic products such as sun protection creams, eye creams, and anti-aging masks. Attributed to gamma alpha linolenic acid qualities, demand for sunflower oil is likely to increase among manufacturers of hair products. Cosmetic industry is likely to contribute significantly towards growth of the global sunflower oil market attributed to such factors.
Food Industry to Witness Significant Demand
Apart from cosmetic and healthcare industry, sunflower oil further witnesses a considerable demand in the food and beverages industry. On the other hand, manufacturers of food products prefer other healthy oil products including olive oil. Availability of substitute oil product is likely to hinder growth of the global sunflower oil market by 2022.
Retail Sector to Register Highest Growth in the Global Market
Europe will represent the largest market for sunflower oil globally. Processed sunflower oil will outsell virgin sunflower oil in this region. Registering the highest CAGR for processor sunflower oil in the global market, Europe will represent a significant revenue share. Foodservice will remain an attractive end user segment in the global market by the end of 2022. However, retail sector will register the highest CAGR in terms of end users, followed by foodservice.
In terms of distribution channel, sunflower oil will witness significant growth in terms of sales through franchise outlets and online channels in Europe. Sales of sunflower oil products through modern trade will represent a value of over US$ 1,000 Mn in 2022.
Market Players Operating in the Global Market
Leading manufacturers and distributors in the global sunflower oil market include The Adani Wilmar Ltd., Ruchi Soya Industries Ltd, Associated British Foods (Ach), Archer Daniels Midland Company, Beidahuang Group, Bunge Limited, Borges Mediterranean Group, Cargill Inc., Fuji Vegetable Oil, Inc., Adams Group, American Vegetable Oils, Inc., Olympic Oils Limited, Ach Food Companies, Inc, Marico Limited, and ConAgra Foods (Agrotech Foods Ltd).
Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR
A report recently published by Fact.MR offers insights for the global sunflower oil market across various regions. Growing need for treatment of chronic diseases, arthritis and tenia pedis will significantly impact growth of the global sunflower oil market. Sunflower oil will witness robust demand among the food and cosmetic manufacturers globally. The report focuses on detailed insights and research about global sunflower oil market for the forecast period 2017 to 2022.
Scope
The prime focus of Fact.MR’s report is to provide readers with an unbiased and accurate analysis of current market status of sunflower oil, along with future growth estimations. Sunflower oil producers, suppliers, and distributors in the global market will benefit from the insights offered in this report. A detailed discussion guide has been formulated in this report, which can attract the interest of top trade magazines and journals related to sunflower oil.
Summary
The report commences by providing an executive summary, market dynamics and market taxonomy, underlining the factors which influence growth of the global sunflower oil market. This executive summary offers the foundation on which the report is based, providing users with scope of the report. The executive summary contains key statistics and facts impacting the global sunflower oil market.
Overview
This section offers a detailed view of the global sunflower oil market, comprising the market introduction, along with the standard definition of product – sunflower oil. Market value as well as year-over-year expansion is offered to readers in this section. Y-o-Y growth enables readers to view broader aspects of growth patterns during the forecast period.
This section also details the drivers, restraints, opportunities and key trends influencing the market growth based on perspectives of macroeconomic, demand, and supply sides. Impact analysis of the weighted average model-based expansion drivers is included in the report for the provision of better decision-making insights to clients.
To offer readers with latest information about advancements in the global sunflower oil market, updates about opportunities benefitting leading sunflower oil producing companies are offered in the report. Continuous evolution of the food & beverages sector necessitates keeping record of upcoming and recent developments and trends which are fundamental for sunflower oil producers to formulate and adopt key business strategies. The detailed analysis pertaining to list of distributors, pricing analysis, raw material sourcing, cost structures, and supply chain are offered in this section.
By considering the global sunflower oil market, and provide an in-depth analysis, Fact.MR’s report offers segment-wise analysis and forecast. The sunflower oil market is categorized on the basis of product type, process, application and region. Segmentation analysis offered is comprehensive, along with the detailed country-wise forecast offered on all parameters.
The report’s last section emphasizes on the competitive landscape of the global sunflower oil market, providing readers with the dashboard of company analysis as well as the market players. Competitive intelligence provided by the report is based on providers’ categories in the value chain, and their presence in the global sunflower oil market.
Research Methodology
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
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Sunflower Oil Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022