What is Sunflower Oil Market?
Sunflower Oil is derived from sunflower seed which is used for cooking purpose. Sunflower oil is available in various types such as linoleic oil, mid-oleic oil, and high-oleic oil. Additionally, it is used for food, biofuels, cosmetics, and others. Rising demand for sunflower oil due to properties including antioxidants as well as beta-carotene. which is use full for manufacturing of cosmetic products. There are various cosmetic products are made by using sunflower oil such as sun protection creams, eye creams, and anti-aging masks. Fulling demand in the healthcare industry will help to boost global sunflower oil market.
The market study is being classified by Type (Linoleic Oil, Mid-Oleic Oil and High-Oleic Oil), by Application (Bakery, Confectionery, Convenience Food, Cosmetics and Others) and major geographies with country level break-up. According to AMA, the Global Sunflower Oil market is expected to see growth rate of 4.68%
Archer Daniels Midland Company (United States), Cargill Incorporated (United States), Colorado Mills (United States), CHS Inc. (United States), Mcjerry sunfloweroil (Ukraine), PPB Group Berhad (Malesia), ConAgra Foods, Inc. (United States), Ach Food Companies Inc. (United States), Ruchi Soya (India) and Olympic Oils Limited (United Kingdom) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are American Vegetable Oils (United States), Adams Group (United States) and Marico Limited (India).
Global sunflower oil market consists of some small as well as large players such as Archer Daniels Midland Company (United States), Cargill Incorporated (United States), Colorado Mills (United States), CHS Inc. (United States) and others. Leading players are competing based on various factors such as marketing channels, distribution channel, quality, price, innovation in packaging. To gain market share in this competitive environment the players need to distinguish their offerings through unique value propositions. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Sunflower Oil market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Sunflower Oil market by Type, Application and Region.
On the basis of geography, the market of Sunflower Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, Ukraine, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Demand Due to Bakery Products and Confectionery
- Increasing Dependency due to Food Products
Market Trend
- Rising Utilization in Cosmetic Products
- Growing Adoption Organic Sunflower Oil
Restraints
Opportunities
- Increasing Oil Production & Crop Yields in Emerging Economics
Challenges
- Rising Competition Due to Presence of Competitors
Market Leaders and some development strategies
On 7th February 2018, Archer Daniels Midland Company has acquired Neovia, a global provider of value-added animal nutrition solutions. The deal was established for 100 percent cash deal of value 1.535 billion dollars.
Key Target Audience
Sunflower Oil Manufacturers, Sunflower Oil Distributors/Traders/Wholesalers, Potential Investors, Industry Association, Research and Development Agency, Government Bodies and Others
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