Summary - A new market study, titled “Global Sunflower Oil Market Research Report—Forecast till 2024” has been featured on WiseGuyReports.
Sunflower Oil Market is estimated to register a CAGR of 5.06% and reach USD 20,960.1 Million during the review period. The oil extracted from the seeds of sunflower seeds that contains 80% of monounsaturated fats. Sunflower oil is the richest source of vitamin E, protein, polyunsaturated fatty acids like omega 6 which is very good for health. The sunflower oil is majorly used in Spain, Germany, France, Italy, Romania, and the UK in food and beverages. It is also available in blended forms with other oils like rapeseed, soybean, and corn to improve the vitamin E content of the final product. The utilization of sunflower oil is increasing due to properties such as an immunity booster, strengthens the immunity system, improves digestion, and enhances hearth health.
The Global Sunflower Oil Market is expected to register substantial expansion during the assessment period due to the rising use of sunflower oil in the food processing industry. The market growth is attributed to the adoption of sunflower oil in the production of biofuel, which is generated from vegetable oil or animal fat comprising long-chain alkyl esters made by chemically reacting lipids with alcohol. Whereas the market restraining factor can be the side effects of sunflower oil and the availability of several substitute products.
The global Sunflower oil market has been categorized by type and application. Based on the type segment, the global sunflower oil market has been segmented into linoleic acid, mid-oleic acid, and high-oleic acid. The linoleic acid segment is accounted to lead the global market and be valued at USD 12,957.3 million during the review period.
Based on the application segment the global sunflower oil has been segmented into Food & Beverages, Biofuel, and Personal Care.
Geographically the global Sunflower oil market is segmented in North America, Europe, Asia-Pacific, and the rest of the world.
Europe was accounted for a 33.61% share of the market in 2018 and estimated to command the sunflower oil market during the forecast period. The regional market is contributed by Germany, France, and Italy.
The market in the region is anticipated to register a significant CAGR of 4.87% during the review period of 2019 to 2024. The rising adoption of sunflower oil as biofuel as well as its application in personal care products is estimated to drive the growth of the sunflower oil market in Europe. Additionally, the South-East Asia market is expected to hold a prominent share of the global sunflower oil market owing to the high consumption of sunflower oil in culinary and wide agriculture of sunflower plants across the region.
The Prominent players in the Global Sunflower Oil Market include Cargill, Incorporated (US), Bunge Limited (US), Kernel Holding S.A. (Ukraine), Adani Wilmar Limited (India), MHP SE (Ukraine), Shandong Luhua Group Co., Ltd (China), NMGK Group (Russia), Pology OEP PJSC (Ukraine), Adams Group (US), NT Ltd (Hungary), EFKO Group (Russia), Aston JSC (Russia), OptimusAgro Corporate Group (Russia), Delizio (Belgium), Dicle Group (Turkey), Tanoni SA (Turkey), Recoil S.A. (Switzerland), and Oliyar (Ukraine).
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