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Sunflower Oil Market

Sunflower Oil Market

The market for Sunflower Oil was estimated at $29.5 billion in 2023; it is anticipated to increase to $42.9 billion by 2030, with projections indicating growth to around $56.1 billion by 2035.

Report ID:DS1901009
Author:Debadatta Patel - Senior Consultant
Published Date:December 2024
Datatree
Food & Beverage
Packaged & Processed F&B
Sunflower Oil
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Report Summary
Table of Contents
Methodology
Market Data

Global Sunflower Oil Market Outlook

Revenue, 2023

$29.5B

Forecast, 2033

$50.4B

CAGR, 2023 - 2033

5.5%
The Sunflower Oil industry revenue is expected to be around $32.8 billion in 2024 and expected to showcase growth with 5.5% CAGR between 2025 and 2034.

The market for sunflower oil is growing steadily due to a change in consumer preferences towards environmentally friendly cooking oils. Trends show an increasing desire for squeezed and organic sunflower oils indicating a general interest, in less processed and premium products.

Sunflower Oil market outlook with forecast trends, drivers, opportunities, supply chain, and competition 2023-2033

Market Key Insights

  • The Sunflower Oil market is projected to grow from $29.5 billion in 2023 to $50.4 billion in 2033. This represents a CAGR of 5.5%, reflecting rising demand across Food Industry, Industrial Use and Personal Care.
  • The market leaders Bunge Limited Cargill and ADM operate as major players which determine the competitive dynamics of this industry.
  • Ukraine and Russia are the top markets within the Sunflower Oil market and are expected to observe the growth CAGR of 3.6% to 5.3% between 2023 and 2030.
  • Emerging markets including China, Brazil and South Africa are expected to observe highest growth with CAGR ranging between 6.3% to 7.6%.
  • The Sunflower Oil market will receive a $3.0 billion boost from Transition like Sustainability Initiatives during the period ending in 2030.
  • The Sunflower Oil market is set to add $20.9 billion between 2023 and 2033, with manufacturer targeting Personal Care & Industrial Use Application projected to gain a larger market share.
  • With Health benefits, and Growing demand for organic products, Sunflower Oil market to expand 71% between 2023 and 2033.
sunflower oil market size with pie charts of major and emerging country share, CAGR, trends for 2025 and 2032

Opportunities in the Sunflower Oil

The increasing desire for sunflower oil in advanced markets presents excellent prospects, for producers who prioritize sustainability.

Growth Opportunities in Europe and Asia-Pacific

Europe Outlook

Europe stands out as the consumer of sunflower oil due to its popularity in cooking and industrial uses and also for biodiesel production demands are met with a focus on organic and cold pressed options, by companies.

Asia-Pacific Outlook

Asia Pacific is experiencing population growth and a booming food industry sector. This region plays a role in the sunflower oil markets expansion due to its usage, in cooking and personal care products.

Market Dynamics and Supply Chain

01

Driver: Health Benefits, and Industrial Applications

Sunflower oil is also valued for its content of healthy fats and vitamin E that support heart health. This has also led to its use, in both food and personal care items. Sunflower oils significance in energy and industrial sectors is also highlighted by its applications, in biodiesel and lubricants.
Consumers are also becoming more aware. Showing a preference, for natural products as seen in the growing popularity of organic and non GMO sunflower oil.
02

Restraint: Climate Vulnerabilities, and Competition from Alternatives

The growth of sunflower crops is greatly influenced by weather conditions and is vulnerable, to the effects of climate change.
Competitors for sunflower oil include palm and soybean oils, in markets where costs a significant factor.
03

Opportunity: Technological Innovations and Emerging Market Growth

Developments, in the methods of pressing and refining have improved the quality of products and are catching the attention of environmentally conscious consumers.
The rising demand for sunflower oil in Africa and Asia is creating opportunities for growth, in the personal care sectors.
04

Challenge: Price Volatility

Supply and demand dynamics cause fluctuations, in raw material costs that impact pricing and profitability significantly for smaller producers.

Supply Chain Landscape

1
Seed Suppliers

Monsanto

Syngenta

2
Processors and Refiners

Bunge Limited

Cargill

ADM

3
End User

Food Manufacturers

Personal Care Brands

Industrial Producers

*The illustration highlights the key stakeholders within the supply chain ecosystem.

Applications of Sunflower Oil in Food Industry, Industrial Use & Personal Care

Food Industry

Sunflower oil is commonly used in cooking. Baking as well as for frying because of its mild flavor and health advantages it offers to consumers concerned about their well being. Top corporations, like Bunge Limited and Cargill prioritize the production of organic sunflower oil to meet the demands of health conscious individuals.

Personal Care

Sunflower oils moisturizing and antioxidant qualities make it a popular ingredient in skincare and haircare products used by known brands such, as LOreal and Johnson & Johnson that are now including sustainably sourced sunflower oil in their product offerings to attract environmentally conscious consumers.

Industrial Use

Sunflower oil is used in making biodiesel and as a lubricant for industries with ADM and AAK AB implementing methods to enhance productivity and eco friendliness, in producing industrial grade oil.

Recent Developments

October 2024

Bunge Limited introduced a line of organic sunflower oil specially designed for health conscious individuals.

March 2024

Recently Cargill enhanced its refining facilities for sunflower oil, in Eastern Europe with the goal of increasing production.

January 2024

ADM launched a line of high quality cold pressed sunflower oil specifically designed for gourmet culinary purposes.

The industrys emphasis on health and sustainability is evident in the developments, like Bunges introduction of organic products and ADMs high quality cold extracted oils.

Impact of Industry Transitions on the Sunflower Oil Market

As a core segment of the Packaged & Processed F&B industry, the Sunflower Oil market develops in line with broader industry shifts. Over recent years, transitions such as Sustainability Initiatives and Value-Added Products have redefined priorities across the Packaged & Processed F&B sector, influencing how the Sunflower Oil market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.
01

Sustainability Initiatives

Businesses are embracing eco friendly farming and processing methods to lessen their ecological footprint and fulfill consumer expectations. This industry transition is expected to add $3 billion in the industry revenue between 2023 and 2030.
02

Value-Added Products

Innovative products such as flavored oils and high quality sunflower oils are enhancing customer interaction. Broadening the range of products available, in the market.

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