Global Sunflower Oil Market: Industry Analysis

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Global Sunflower Oil Market size was valued at US$ XX Bn. in 2019 and the total revenue is expected to grow at 5.1 % through 2020 to 2026, reaching nearly US$ XX Bn.
Global Sunflower Oil Market Overview:

Sunflower Oil is extracted from Sunflower seeds by the expeller pressing method. Sunflower Oil is used as a high source of unsaturated fats to replace saturated fats in the diet. Sunflower Oil is used primarily as a cooking oil and is consumed by people suffering from cholesterol and heart-related issues. The high nutrient contents of Vitamin D in Sunflower Oil have resulted in its use in manufacturing medicine for arthritis and psoriasis.

Sunflower Oil is used on a large scale as a base and skin-enriching element in cosmetics. An increase in the number of people suffering from cholesterol-related issues has increased the consumption of Sunflower Oil by people as a precautionary measure. Increasing population, rise in the number of people suffering from heart-related issues, and a wide-scale industrial and domestic application has resulted in the growth in the Global Sunflower Oil Market.
Global Sunflower Oil Market Dynamics:

A report by WHO states that more than 65% of people living in high-income countries and more than 30% of people living in low-income countries are at high risk of getting contracted with cardiovascular diseases due to the increased level of cholesterol. The use of Sunflower Oil in cooking provides a low-cost precautionary measure to maintain cholesterol levels. This has resulted in an increase in the consumption of Sunflower Oil throughout the world.

A report by Alicia Gotor and Larbi Rhazi published in the EDP Science Journal states that the refining process of Sunflower Oil results in the loss of nutritional elements. The residue product of this process holds a wide-scale application in the Cosmetics and Food Industry. This has increased the number of people entering in Sunflower Oil manufacturing business, as its byproducts hold a beneficial application in different industries.

A report by Lily Zhong, Juan Santiago, and others published in the International Journal of Molecular Science states that Sunflower Oil possesses nutrients that help in preserving and improving the hydration level of skin in adults. Sunflower Oil can also be used in manufacturing medicines for skin-related allergies and Eczema. This has resulted in increased use of Sunflower Oil by the Cosmetics and Pharmaceutical industry.

A report by FAO states that an increase in per capita consumption of Sunflower Oil has predicted the production of Sunflower Oil to reach the mark of 60 million tons by 2050.

In November 2018, Abu Dhabi Vegetable Oil Company and Patanjali Ayurved Limited came into an agreement to produce and distribute a range of edible oils in the Middle Eastern Market.

An increase in preference for nutrient-rich and healthy cooking oil is driving the demand for Sunflower Oil.
Restraints:

The presence of alternatives like Olive Oil and Coconut Oil is the major restraining factor for the growth of Global Sunflower Oil.
Global Sunflower Oil Market Segment Analysis:

The Global Sunflower Oil Market is segmented on the basis of

By Product Type, It is observed that Sunflower Oil with additives and processed form is consumed by people on a large scale. The preference for nutrient-rich Sunflower Oil has resulted in an 8% increase in demand for Processed Sunflower Oil. An increase in consumption of organic food products has resulted in a 2.1% increase in demand for Sunflower Oil in Organic form.

By End User, An increase in demand for low-cost nutrient-rich cooking oil has resulted in a 3.4% increase in demand for Sunflower Oil from Industrial Sector. It is observed that the Food and Beverages Industry consumes more than 60% of the Sunflower Oil used by the industrial sector. Rising health concerns have resulted in a 4.7% increase in consumption of Sunflower Oil for household cooking purposes. The preference for Sunflower Oil as cooking oil by food manufacturing establishments has resulted in a 3% increase in consumption by the Global commercial sector. Different sectors use Sunflower Oil as per need.

By Distribution Channel, It is observed that Convenience Stores and Specialty Stores dealing in vegetable oils are the preferred medium and contribute to more than 52% of the sales of Sunflower Oil for domestic use. Supermarkets and Outlets by manufacturers contribute to more than 65% of the sales of Sunflower Oil to the industrial sector. An increase in the number of people preferring online shopping portals has resulted in a 6% increase in the number of customers purchasing Sunflower Oil through E-Commerce.

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Convenience Stores that come under the organized market have observed a growth of 2.1% in demand for Sunflower Oil. It is observed that Specialty Stores dealing in vegetable oils have observed a growth of 1.8% in the sales of Sunflower Oil. The absence of middlemen and low cost has resulted in a 3% increase in sales of Sunflower Oil through the medium of Direct Sales in the unorganized sector.

The presence of a large number of products by different brands in one place has resulted in a 1.6% increase in sales of Sunflower Oil through Supermarkets that come under organized sectors in the Asia-Pacific. The presence of a wide range of products and features like doorstep delivery has resulted in a 6.8% increase in the sales of Protein Drink through different online shopping portals.
Global Sunflower Oil Market Regional Insights

Europe is the biggest manufacturer of Sunflower Oil. Ukraine and Russia contribute to more than 50% of the Sunflower Oil produced in the world. An increase in preference for a healthy lifestyle and a large-scale industrial and domestic application has resulted in a 2.1% increase in consumption of Sunflower Oil in this region. Europe contributes to more than 20% of the revenue earned by the Global Sunflower Oil Market.

Asia-Pacific is the biggest domestic consumer of Sunflower Oil. Low-cost and nutrient-rich contents have resulted in a 3.1% increase in demand for Sunflower Oil in this region. The presence of different alternatives like Coconut Oil is limiting the growth of the Sunflower Oil Market in this region.

North America is the biggest consumer of medicines made by using Sunflower Oil. An increase in the number of people suffering from skin-related issues like Eczema has resulted in a 1.9% increase in the consumption of Sunflower Oil by the Cosmetics Industry present in this region.

The South American market is showing a stagnant growth rate ranging from 1.1-1.5% from the last 5 years. The reason for this stagnant growth is the preference for alternative cooking oils. The Middle East and Africa's market is showing a low growth rate of 1.2%, the reason for which is the preference for alternative cooking oils.

The objective of the report is to present a comprehensive analysis of the global Sunflower Oil market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Sunflower Oil market dynamics, structure by analyzing the market segments and Project the global Sunflower Oil market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Sunflower Oil market make the report investor’s guide.

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Global Sunflower Oil Market Scope: Inquire before buying

Global Sunflower Oil Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Sunflower Oil Market Key Players

• Cargill, Inc.
• Archer Daniels Midland Company
• Conagra Brands, Inc.
• Bunge Ltd.
• Hanoon Oil Factory
• Colorado Mills
• PPB Group Barhad
• Oliyar Production Company
• Delizio
• Avril Group
• Optimusagro Trade
• RISOIL SA
• Marico & Rein Oil CC
• Macjerry Sunfloweroil Company Ltd.
• KAISSA Oil
• Parakh Group

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