What is Sunflower Seed Oil Market Scope?
The non-volatile oil pressed from sunflower seed is called sunflower oil. It is generally used as frying oil in food applications, and in emollient as cosmetic formulations. Sunflower oil is rich in oleic acid, linoleic acid, and other nutrients which helps in lowering bad cholesterol and increases good cholesterol in the blood. In recent years, a significant portion of edible oils is captured by sunflower oil, owing to its health benefits. World sunflower oil trade accounts for 30% of total consumption.
The Sunflower Seed Oil market study is being classified by Type (Virgin and Processed), by Application (Food & Beverages, Biofuel, Personal Care and Others) and major geographies with country level break-up.
The United States Sunflower seed oil market is highly fragmented with the presence of a large number of players. Product innovations are among the most adopted strategies by the key players of the market, followed by partnerships, with an aim to meet the demand and withstand the competition in the market led by the global players. The factors determining the positions of the market players in the market are the high-quality ingredients used without any addition of preservatives. Research Analyst at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Sunflower Seed Oil market throughout the predicted period.
Archer Daniels Midland Company (United States), Cargill Incorporated (United States), Colorado Mills (United States), Oliyar Production Company (Ukraine), Delizio (Belgium), Mcjerry sunfloweroil (Ukraine), ConAgra Foods, Inc. (United States), Resource Group of Companies (Russia), Kernel (Ukraine) and Aston (Russia) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Wilmar International Ltd. (Singapore), Masoom Group Limited (India), Optimus Agro (Ukraine), Advanta (UAE) and Dicle Group (Turkey).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Sunflower Seed Oil market by Type, Application and Region.
On the basis of geography, the market of Sunflower Seed 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, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On July 02, 2018, Karnataka-based M K Agrotech private limited has launched their new product 'Sunpure', a chemical-free processed sunflower oil which is first in the country, entered into Telangana and Andhra Pradesh markets.
Market Drivers
- Expanding Food and Beverage Sector with the Increase in Demand for Sunflower Oil in Food Processing Industry
- The Rise in Number of Applications of Sunflower Oil in Personal Care and Biofuel Sector
- Growing Health Awareness Regarding the Benefits of Sunflower Oil
Opportunities
- Growing Demand for Sunflower Oil among the Vegan Population, And Increase in Preference for Organic Products
- Fluctuating Prices Of Other Vegetable Oils, Such As Palm Oil, Soybean Oil, and Others
Restraints
- Availability of Substitute Products such as Palm Oil, Soya bean Oil
- High Cost of Sunflower Oil Raw Material
Challenges
- Limitations on Using the Sunflower Oil in Biodiesel
- Higher Waste in Refined Process, And Declining Competitiveness with Other Vegetable Oils
Key Target Audience
Sunflower Seed Oil Producer, Raw Material Suppliers, Distributors/Traders/Exporters/Importers, Research Institutes, Food Processing Industries, End-Use Industries and Others
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