Sunflower Oil Market 2019
Description: –
Sunflower oil is one type of non-volatile oil obtained from the high-quality sunflower’s seeds. The oil is produced by compressing the seeds and widely used for human consumption. With the rise in population, the consumption level is also increasing. This has affected the global market for this oil positively. As per the new report, in the year 2019, the global market value was 15800 million. But it is expected that by the end of 2024, the market will cross USD 20000 million. The expected Compound Annual Growth Rate will be around 7 percent.
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Listed Key Players
Kernel
EFKO Group
Aston
Cargill
Optimus
Nutrisun
Dicle Group
NMGK
Bunge
MHP
Creative Group
Tanoni Hnos. Sa
Standard Food
NT Ltd
Oliyar
Delizio
Risoil
COFCO
Region
Luhua Group
Sanxing Group
Pology Oil
Wilmar
Adams Group
The oil comes with linoleic, oleic acid, and other useful nutrients that help in reducing harmful cholesterol and increase the level of good cholesterol in the body. The sunflower seeds contain around 45 percent oil. Besides, it also carries Vitamin E and low-saturated fats. It also offers a perfect balance of HDL and LDL. The oil is healthy and is also used in food manufacturing industry for frying and cooking. So, the growth of the food manufacturing industry is also driving the growth of the global market.
The demand for this oil is propelling by some factors like the use of this oil for frying various products, for example confectionery, bakery products, and for cooking food. The report also suggests that there will be a growing demand for the oil as it is good for skin, heart and keep the cholesterol under control. Besides, in the pharmaceutical industry, Sunflower oil is used t in the production of various gels, creams and more. This is also expected to trigger the market in the coming years.
Market Segmentation of Sunflower Oil
The worldwide market for sunflower oil is segmented on the basis of oil type, application, distribution channel, and regions. Based on oil type, it is split into Mid-oleic oil, High-oleic oil, and Linoleic oil. From these, the linoleic oil is expected to dominate this particular segment. On the basis of applications, it is divided into cosmetics, biofuels, food, and others. The demand for this oil in the food industry is quite more as it offers a lot of health benefits. So, during the forecast period, the food industry market segment will dominate the market. The global market is divided based on distribution channels as retail stores, online stores, and supermarket or hypermarket.
Geographical Segmentation of Sunflower Oil
The global market for sunflower oil, geographically, segmented into North America, South America, Middle East, and Africa, Europe, and the Asia Pacific. Well, the market also offers country-level market growth and trend analysis information. This report has covered the following countries: the United Kingdom, Russia, Spain, South Africa, New Zealand, China, Japan, Korea, India, Australia, the United States, Mexico, Canada, GCC countries, and more. Globally, the Asia Pacific as well as the Europe region are anticipated to enjoy highest market share in the terms of revenue, consumption, and production. The reason behind this is the population is now increasing, and this has created a huge demand for this oil in these regions.
Market News of Sunflower Oil
In April 2018, Oliyar opened its new oilseed crushing facilities in Stavchany, Lviv region. For this, the company has invested around EUR 4 Million. The company installed advanced equipment of some well-known manufacturers, who are famous for offering environment-friendly and energy-efficient machines. With this, the plant is producing 300 MT of refined oil every day.
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Table of Contents – Major Key Points
1 Market Overview
2 Manufacturers Profiles
3 Global Sunflower Oil Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)
4 Global Sunflower Oil Market Analysis by Regions
5 North America Sunflower Oil by Country
6 Europe Sunflower Oil by Country
7 Asia-Pacific Sunflower Oil by Country
8 South America Sunflower Oil by Country
9 Middle East and Africa Sunflower Oil by Countries
Continued….
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