Sunflower oil Market Overview:
The sunflower is native to North America and belongs to the Asteraceae family. Sunflower oil is rich in oleic acid, linoleic acid and other nutrients, which helps reduce bad cholesterol and increases good cholesterol in the blood. They contain a high content of vitamin E and is low in saturated fat. In addition to these properties, it also contains tocopherols, carotenoids and waxes. Sunflower is good for health and is used for cooking and frying in Food processing industries and services.
Sunflower oil Market Size Analysis:
According to the research report, the Sunflower oil Market was valued USD 15400 Million in 2016, it is expected to reach 16200 Million USD in 2022 with increasing a CAGR at 2.03% during the time of forecast analysis 2017-2022.
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Sunflower oil Market Drivers and restraints:
The market for sunflower oil depends on factors such as the use of this oil to prepare food products such as baked goods, confectionery and cooking. There is an increase in the demand for sunflower oil because it is good for the heart, skin and helps control bad cholesterol, supporting the market boom. Sunflower oil is also used in the manufacture of cosmetic products for the protection, hydration and recovery of the skin against bruises and other skin problems. In pharmaceutical products, sunflower oil is used in the manufacture of the active ingredient vehicle and in the production of creams and gels for rapid absorption, which will result in the global demand for sunflower oil.
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Sunflower oil Market Geographical segmentation:
The global sunflower oil market is geographically divided into regions such as North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, and Middle East and Africa. Globally, Asia-Pacific and Eastern Europe are expected to experience the highest growth in production and consumption due to population growth and the growing demand for sunflower oil based on its health benefits. Countries such as China and India in the Asia-Pacific region produce and export sunflower oil to North America, Eastern Europe, Western Europe and the Middle East. Industrial use combined with domestic use of sunflower oil strengthens the growth of the market in terms of contribution to income during the forecast period.
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Sunflower oil Market Key Players:
The key players identified in the global sunflower oil value chain are Archer Daniels Midland, Cargill Incorporated, Colorado Mills, CHS Inc., Oliyar Production Company, Delizio and Mcjerry Sunfloweroil. SCH Marico Group and Rein Oil CC. Companies must expand their business by improving their product portfolio in the global sunflower oil market. Companies should define some strategies in the future to obtain a competitive advantage in the world sunflower oil market until 2025.
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