Sunflower Oil fell to 1,354.70 INR/10 kg on September 9, 2025, down 0.01% from the previous day. Over the past month, Sunflower Oil's price has risen 3.60%, and is up 43.22% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Sunflower Oil.

The India sunflower oil market reached around 2.71 MMT in 2024. The market is projected to grow at a CAGR of 7.30% between 2025 and 2034 to reach nearly 5.48 MMT by 2034.

Snapshot img

Sunflower Oil Market Size 2025-2029

The sunflower oil market size is forecast to increase by USD 6.33 billion, at a CAGR of 5.6% between 2024 and 2029.

Major Market Trends & Insights

Europe dominated the market and accounted for a 38% growth during the forecast period.
By the Application - Food segment was valued at USD 15.14 billion in 2023
By the Distribution Channel - Supermarkets segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 64.39 billion
Market Future Opportunities: USD USD 6.33 billion 
CAGR : 5.6%
Europe: Largest market in 2023

Market Summary

Sunflower oil, derived from sunflower seeds, holds a significant position in the global edible oils market. According to recent industry reports, sunflower oil accounts for approximately 14% of the global edible oils consumption, making it the third most consumed edible oil after soybean and palm oil. The preference for sunflower oil is driven by its high nutritional value, rich in monounsaturated and polyunsaturated fatty acids, and its neutral taste. Sunflower oil's versatility extends beyond food applications. It is increasingly used as a feedstock for biodiesel production due to its high oil content and favorable growing conditions in several regions. In terms of market dynamics, the market is characterized by continuous evolutions, with new product innovations and packaging trends shaping consumer preferences. For instance, the rise of eco-friendly packaging solutions has gained traction in recent years, as consumers become more conscious of their environmental impact. Despite these advancements, sunflower oil faces competition from other edible oils and substitutes like vegetable oils and animal fats. Nevertheless, the market's ongoing growth and adaptability underscore its importance within the broader edible oils landscape.

What will be the Size of the Sunflower Oil Market during the forecast period?

Explore market size, adoption trends, and growth potential for sunflower oil market Request Free SampleSunflower oil, a popular edible vegetable oil, holds a significant market presence in the global food industry. According to recent data, sunflower oil accounts for approximately 13% of the global edible oils market share. This figure underscores its popularity and demand. Looking forward, market growth is expected to remain steady, with a projected increase of 3% annually. This growth is driven by rising consumer awareness of sunflower oil's health benefits, including its high monounsaturated fat content and rich vitamin E profile. A comparison of sunflower oil's fatty acid profile with other edible oils reveals its unique advantages. Sunflower oil contains approximately 60% monounsaturated fatty acids, higher than olive oil, and significantly less saturated fat than palm oil. This composition makes sunflower oil a preferred choice for health-conscious consumers. Moreover, the refining process plays a crucial role in sunflower oil's quality. Refined sunflower oil undergoes various processes such as degumming, filtration, and deodorization, ensuring a consistent and high-quality product. These refining techniques contribute to sunflower oil's long shelf life and stability. In conclusion, sunflower oil's market presence is substantial, with a 13% market share, and its popularity continues to grow at a 3% annual rate. Its unique fatty acid profile, consisting of 60% monounsaturated fatty acids, sets it apart from other edible oils. The refining process ensures a high-quality product with a long shelf life.

How is this Sunflower Oil Industry segmented?

The sunflower oil industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ApplicationFoodIndustrialDistribution ChannelSupermarketsOnline RetailDirect SalesDistributorsTypeHigh-oleicMid-oleicLinoleicEnd-UserHouseholdCommercialIndustrialProduct TypesRefined Sunflower OilUnrefined Sunflower OilHigh-Oleic Sunflower OilGeographyNorth AmericaUSEuropeRussiaUkraineMiddle East and AfricaSouth AfricaUAETurkeyAPACChinaIndiaJapanSouth KoreaSouth AmericaArgentinaBrazilRest of World (ROW)

By Application Insights

The food segment is estimated to witness significant growth during the forecast period.

Sunflower oil holds a significant role in the food industry, with its applications extending to dressing, seasonings, and various food preparations. This includes bakeries, confectionery, and convenience foods. The health benefits associated with sunflower oil, such as unsaturated fatty acids that help regulate cholesterol levels and reduce the risk of cardiovascular diseases, are driving its consumption. The foodservice sector, particularly fast-food establish

The Vegetable Oil Market size was valued at USD 384.89 Million in 2023 and is projected to reach USD 637.31 Million by 2032, exhibiting a CAGR of 7.47 % during the forecast periods. The vegetable oil market is very vital for the food industry globally and consists of a variety of oils that are mainly extracted from plants such as soybeans and palms. Uses include cooking, processing food products, and industrial purposes. Enhanced technology in extraction and refining not only improves the quality of the oils but also increases the production level. Among them are edible types of oils, like olive, or industrial types of oils, such as palm. It has impacts on agriculture, economies, and health trends of people all over the world by providing nutritional value along with versatility, and economic growth for countries producing these types of oils. Recent developments include: In July 2022, Eni Kenya B.V. completed the construction of the oilseed collection and pressing plant (agri-hub) in Makueni, Kenya, and started production of the first vegetable oil for bio-refineries. According to the company, the first agri-hub would have an installed capacity of 15,000 tons with an expected output of 2,500 tons in 2022., In June 2022, Freedom Refined Sunflower Oil, Gemini Edibles & Fats India (GEF India) announced plans to expand into other States, including Tamil Nadu and Kerala. The business asserted that it is considering strategic expansion and plans to enter Tamil Nadu and Kerala, with a strong demand for sunflower oil, in the coming years., In February 2021, Bunge Loders Croklaan expanded its oils and fats portfolio to meet the organic demand in Europe, offering a steady and scalable supply of organic oils and fats, including sunflower, rapeseed, soy, palm, shea, and coconut., In November 2021, Cargill Incorporated acquired an edible oil refinery situated in Nellore, India, and invested USD 35 million to purchase and improvise the facility, which would increase the production volume of edible oil and help the company to extend its existing supply chain to meet consumer requirements.. Key drivers for this market are: Increasing Demand For Convenience & Processed Food. Potential restraints include: Increased Consumer Awareness On Side-Effects Of Chemical Additives. Notable trends are: Increasing Demand For Fortified Vegetable Oils.

The Indian market for crude sunflower-seed and safflower oil surged to $4.1B in 2024, growing by 21% against the previous year. Over the period under review, consumption enjoyed a prominent increase. Over the period under review, the market attained the peak level in 2024 and is likely to see steady growth in years to come.

India consumed close to *** million metric tons of sunflower seed oil in marketing year 2024/2025. This was a decrease compared to the previous fiscal year. The south Asian country was the largest importer of this oil variety worldwide.

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Edible Oil Market Size 2025-2029

The edible oil market size is forecast to increase by USD 18.37 billion, at a CAGR of 3.4% between 2024 and 2029.

The market is driven by the surging demand for trans-fat-free oils due to growing health consciousness among consumers. This trend is fueled by increasing awareness regarding the harmful effects of trans fats on human health. Furthermore, advancements in agriculture technology have enabled the production of high-quality, healthy oils, providing opportunities for market growth. However, the market faces distribution challenges that hinder its expansion. The complex supply chain and logistical issues in transporting edible oils from production sites to consumers in various regions create hurdles for market participants.
Companies must navigate these challenges by implementing robust logistics strategies and collaborating with reliable partners to ensure the timely and efficient delivery of their products. By addressing these challenges and catering to the evolving consumer preferences, market players can capitalize on the growing demand for healthier edible oil options and strengthen their market position. Consumer preferences for healthier alternatives, such as olive oil, are driving demand for alternative oils

What will be the Size of the Edible Oil Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, shaped by dynamic market forces and shifting consumer preferences. Unsaturated fats, such as monounsaturated and polyunsaturated fatty acids, have gained prominence in food processing due to their health benefits. Cold-pressed oils, like olive and avocado, with their desirable nutritional profiles and high omega-3 and omega-6 fatty acid content, have gained popularity in various sectors. The fatty acid profile of oils, including rapeseed, sunflower, safflower, and canola, influences their applications in food processing and dietary guidelines. Smoke point and peroxide value are crucial factors in determining the suitability of oils for cooking applications. Linseed oil, with its high polyunsaturated fat content and low smoke point, is often used in non-cooking applications.

Price volatility, driven by factors like supply chain disruptions and government regulations, impacts the market. Organic and unrefined oils, with their perceived health benefits and higher production costs, command premium prices. Oxidation stability and moisture content are essential considerations for maintaining the quality and shelf life of edible oils. Sustainability concerns, particularly in the palm oil sector, have led to increased scrutiny and regulations. Corn oil, peanut oil, and other vegetable oils are used extensively in salad dressings and food manufacturing. Labeling requirements and consumer preferences for trans-fat-free and low-saturated fat options continue to shape the market landscape. The market is a complex web of interconnected factors, from production methods like solvent extraction and expeller-pressed oil to consumer preferences and government regulations.

The ongoing unfolding of market activities and evolving patterns underscores the importance of staying informed and adaptable in this ever-changing industry.

How is this Edible Oil Industry segmented?

The edible oil industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Retail
  Food service
  Food processor


Packaging

  Pouches
  Bottles
  Jars
  Cans


Type

  Palm oil
  Soybean oil
  Sunflower oil
  Mustard oil
  Others


Geography

  North America

    US
    Canada


  Europe

    Germany
    Russia
    UK


  APAC

    China
    India
    Indonesia
    Japan


  South America

    Brazil


  Rest of World (ROW)

By End-user Insights

The Retail segment is estimated to witness significant growth during the forecast period. The market encompasses various types of oils, including unsaturated ones like rapeseed, sunflower, safflower, olive, and avocado, which provide healthier alternatives to saturated fats. The futures market plays a significant role in price determination, influencing the supply chain. Trans fats, however, are a concern due to their adverse health effects, leading to increased focus on omega-6 and omega-3 fatty acids. Cholesterol content is a critical consideration, with olive, canola, and flaxseed oils offering heart-healthy benefits. Food processing techniques, such as cold-pressing, expeller-pressing, and solvent extraction, impact the oil's nutritional value, smoke point, and oxidation stability. Consumer preferences prioritize monounsatura

In the marketing year 2025, ******** was the most used cooking oil in India, with its domestic consumption surpassing ************* metric tons. It was followed by soybean and rapeseed oils, with their respective consumption volumes reaching *** and *** million metric tons. Production of edible oils India produces a wide range of edible oils like palm, soybean, mustard, sunflower, and groundnut, that match its diverse food cultures and agricultural practices. Mustard oil is popular in the northern and eastern regions, while the southern part of India prefers coconut oil. Additionally, the country is also seeing an increase in soybean oil production, catering to both domestic needs and increasing demand from the international market. Import of edible oils India's reliance on imported edible oils is a crucial aspect of its food economy, driven by the gap between domestic production and consumption demands. The country is one of the largest importers of edible oils globally, importing over ** million metric tons, with palm and soybean oils constituting the bulk of imports. Indonesia and Malaysia emerged as the top exporters of edible oil to India in the financial year 2023. The country also plans to continue importing edible oils at lower duty rates until 2025, to keep the food inflation in check.

Rising population, dietary preferences, and versatile culinary applications fuel the positive outlook for India's sunflower oil market by 2028.

The India Edible Oil Market reached a volume of 10,00,000 Mt Tons, driven by rising consumer health consciousness and a shift towards organic and low-cholesterol edible oils. This trend reflects a growing awareness of health and wellness among Indian consumers, leading to increased demand for healthier oil options.

Packed Edible Vegetable Oil Market Outlook

The global packed edible vegetable oil market size was valued at approximately USD 98.5 billion in 2023 and is projected to reach USD 140.8 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.0% from 2024 to 2032. The growth of the packed edible vegetable oil market is driven by increasing consumer awareness about health benefits, rising disposable incomes, and an expanding food service industry.

The primary growth factor for the packed edible vegetable oil market is the growing awareness among consumers about the health benefits associated with various types of vegetable oils. Oils like olive oil, canola oil, and sunflower oil are rich in essential fatty acids, antioxidants, and vitamins, which play a critical role in managing cholesterol levels and promoting heart health. This shift towards healthier consumption patterns is fostering a significant demand for packed edible vegetable oils. Additionally, the population's rising disposable income in developing regions allows more consumers to afford premium and healthier oil variants, further driving market growth.

Another key driver for market expansion is the rapid growth of the food service industry, including restaurants, cafes, and fast-food chains. These establishments require a constant and reliable supply of high-quality vegetable oils for cooking, frying, and food preparation. The convenience and standardization offered by packed edible vegetable oils make them a preferred choice for food service providers. Moreover, the increasing trend of dining out and the surge in the number of food establishments globally support the heightened demand for packed edible vegetable oils.

The technological advancements in packaging and the introduction of innovative, eco-friendly packaging solutions are also contributing significantly to the market's growth. Manufacturers are focusing on sustainable packaging materials that reduce environmental impact while maintaining the quality and shelf life of the oils. Such advancements not only appeal to environmentally conscious consumers but also help companies to comply with stringent environmental regulations, thereby expanding their market reach.

From a regional perspective, Asia Pacific is the dominant market for packed edible vegetable oils, driven by the large population base, rapid urbanization, and increasing disposable incomes in countries like China, India, and Japan. North America and Europe also hold substantial market shares due to high consumer awareness regarding health and wellness, alongside robust food service industries. Latin America and the Middle East & Africa are emerging markets, with growth prospects buoyed by improving economic conditions and increasing urbanization.

Fortified Edible Oils are gaining traction in the packed edible vegetable oil market as consumers increasingly seek products that offer additional health benefits. These oils are enriched with essential vitamins and minerals, such as vitamins A, D, and E, which are vital for maintaining overall health and well-being. The fortification process enhances the nutritional profile of the oils, making them an attractive option for health-conscious consumers. As awareness about the importance of micronutrients grows, manufacturers are focusing on developing fortified oils to cater to this demand. This trend is particularly prominent in regions with high incidences of vitamin deficiencies, where fortified edible oils can play a crucial role in improving public health outcomes.

Product Type Analysis

Within the packed edible vegetable oil market, the product type segment encompasses various oils such as palm oil, soybean oil, sunflower oil, olive oil, canola oil, and others. Among these, palm oil holds a significant market share due to its extensive use in both household and industrial applications. It is widely used in cooking, frying, and as an ingredient in processed foods, making it a staple in many kitchens globally. The affordability and higher yield of palm oil compared to other vegetable oils make it a popular choice among consumers and manufacturers alike.

Soybean oil is another major segment within this category, known for its versatile applications in food preparation and as a base for margarine and shortening. Its high content of polyunsaturated fats makes it a heart-healthy option, driving its demand in health-conscious markets. The oil's stable supply

NCDEX: Spot Price: Crude Sunflower Oil: Mumbai: First Session data was reported at 1,307.500 INR/10 kg in 16 May 2025. This records a decrease from the previous number of 1,320.000 INR/10 kg for 15 May 2025. NCDEX: Spot Price: Crude Sunflower Oil: Mumbai: First Session data is updated daily, averaging 940.000 INR/10 kg from Jan 2024 (Median) to 16 May 2025, with 335 observations. The data reached an all-time high of 1,390.000 INR/10 kg in 25 Feb 2025 and a record low of 812.500 INR/10 kg in 03 Jan 2024. NCDEX: Spot Price: Crude Sunflower Oil: Mumbai: First Session data remains active status in CEIC and is reported by National Commodity & Derivatives Exchange Limited. The data is categorized under India Premium Database’s Price – Table IN.PB001: Commodities Spot Price: National Commodity & Derivatives Exchange Limited.

This report covers India Edible Oil Market, Market Share, Revenue Cooking Oil Industry, Competition in Rice Bran Oil Market, Future Opportunities Edible Oil.

The Sunflower Oil Market size was valued at USD 35.98 Million in 2023 and is projected to reach USD 54.28 Million by 2032, exhibiting a CAGR of 6.05 % during the forecast periods. The demand for healthy cooking oils and the expansive food industry drive the growth of the sunflower oil market. Sunflower oil has a large content of unsaturated fat and is considered rich in vitamin E, thus broadly applicable in cooking and frying.Other applications include a wide variety of processed foods. Classification is done according to refined, unrefined, and high-oleic oil. Extraction technologies used in sunflower oil include cold pressing and refining to ensure quality. Through better support of growing agriculture and healthy diets, the market is able to contribute to the global edible oil trade. High in nutrition, versatility, and stability, sunflower oil will be a heart-healthy choice for many uses. Recent developments include: June 2022: Edible Oils Limited (EOL), a joint venture between Archer Daniels Midland (ADM) and Princes Limited, opened a newly renovated bottling facility at its Erith site with an investment of GBP 24 million (USD 28.9 million). As part of its investment program at the Erith site, EOL installed new bottling lines for cooking oils and renovated the oil tank farm to transfer oil to the factory., April 2022: Avril expanded its sunflower seed crush capacity in France and expanded its sunflower oil and meal output. A major goal of the expansion is to become more independent in terms of sunflower oil and oilseed meal., January 2022: Global food major Cargill opened its first innovation center in India to develop solutions for the food and beverage market. The Center spread over almost 17,000 square feet, includes a sensory lab and demonstration kitchen, with capabilities to serve dairy, beverage, bakery, and convenience food industries, as well as other specialized culinary applications. Key drivers for this market are: Consumer Inclination Toward Protein-rich Food, Growing Inclination Towards Plant-based Protein Sources. Potential restraints include: Associated Allergies With Plant Proteins. Notable trends are: Surge in Demand for Sunflower Oil as a Food Ingredient, Owing to Its Health Benefits.

The global vegetable oil market, valued at $384.89 million in 2025, is projected to experience robust growth, driven by increasing demand from the food and biofuel sectors. A Compound Annual Growth Rate (CAGR) of 7.47% from 2025 to 2033 indicates a significant expansion of this market. Key drivers include rising global populations leading to increased food consumption, growing adoption of biofuels as a sustainable energy source, and increasing industrial applications in cosmetics and other manufacturing processes. The market segmentation reveals palm oil, soybean oil, and rapeseed oil as dominant types, with applications spanning food (energy), animal feed, and industrial uses. While challenges exist, such as fluctuating crop yields and price volatility associated with raw material costs, the long-term outlook remains positive, fueled by consistent demand and ongoing research into sustainable oil production methods. The market is geographically diverse, with significant contributions from North America, Europe, and the Asia-Pacific region. North America, with its large consumer base and established food processing industry, is expected to maintain a leading market share. However, the Asia-Pacific region is poised for rapid growth due to its burgeoning population and rising disposable incomes. Competition within the market is intense, with major players including Archer Daniels Midland, Sime Darby Plantation, Bunge Limited, and Wilmar International continually striving for market share through innovation, mergers and acquisitions, and strategic partnerships. Future growth will be shaped by factors such as evolving consumer preferences towards healthier oils, government regulations promoting sustainable agriculture, and advancements in oil extraction and processing technologies. The increasing focus on reducing reliance on fossil fuels will further enhance demand for vegetable oils in the biofuel segment. Recent developments include: In July 2022, Eni Kenya B.V. completed the construction of the oilseed collection and pressing plant (agri-hub) in Makueni, Kenya, and started production of the first vegetable oil for bio-refineries. According to the company, the first agri-hub would have an installed capacity of 15,000 tons with an expected output of 2,500 tons in 2022., In June 2022, Freedom Refined Sunflower Oil, Gemini Edibles & Fats India (GEF India) announced plans to expand into other States, including Tamil Nadu and Kerala. The business asserted that it is considering strategic expansion and plans to enter Tamil Nadu and Kerala, with a strong demand for sunflower oil, in the coming years., In February 2021, Bunge Loders Croklaan expanded its oils and fats portfolio to meet the organic demand in Europe, offering a steady and scalable supply of organic oils and fats, including sunflower, rapeseed, soy, palm, shea, and coconut., In November 2021, Cargill Incorporated acquired an edible oil refinery situated in Nellore, India, and invested USD 35 million to purchase and improvise the facility, which would increase the production volume of edible oil and help the company to extend its existing supply chain to meet consumer requirements.. Notable trends are: Increasing Demand For Fortified Vegetable Oils.

Market Overview: The refined sunflower oil market reached a value of USD 56.85 million in 2025 and is expected to grow at a CAGR of 4.1% during the forecast period. Key drivers of the market include increasing demand for healthy cooking oils, population growth, rising disposable income, and the growing popularity of sunflower oil in food processing and industrial applications. Some of the major trends shaping the market are the shift towards healthier lifestyles, increasing demand for organic and sustainably produced oils, and technological advancements in oil extraction and refining processes. Market Segmentation and Competitive Landscape: The refined sunflower oil market can be segmented based on application (food, industrial, lubricants, cosmetics) and type (conventional, high-oleic). Major players in the market include Kernel, EFKO Group, Aston, KAISSA, Oliyar, COFCO, Beidahuang Group, Shandong Sanxing Group, Standard Food, Pology Oil, Wilmar, Adams Group, 3F Industries, Agro-Afrique, MWC Oil, Gemini Edibles & Fats India, Mehsom, and Victoriaoil. The market is characterized by intense competition, with major players investing in research and development, expanding their product portfolios, and implementing strategic partnerships and acquisitions to gain market share. refined sunflower oil market is braced to go through a paradigm shift in the years to come. With new technologies, changing regulatory paradigms, and increasing consumer awareness, the market is poised for growth.

The average retail price of sunflower oil per kilogram in the Indian capital city of Delhi was just above *** Indian rupees in December 2022. In contrast, the average retail price of *** kilogram of sunflower oil in Chennai amounted to about ***** Indian rupees.

The size of the Cooking Oil Market was valued at USD 180.82 billion in 2023 and is projected to reach USD 268.32 billion by 2032, with an expected CAGR of 5.8 % during the forecast period. Cooking oil is an indispensable ingredient in daily cooking: frying, baking, sautéing, dressing. It is obtained from various plant and animal sources. Some of the most common types of cooking oils include vegetable oil, olive oil, sunflower oil, canola oil, and coconut oil, each with its flavors, health benefits, and cooking properties. Some oils, such as olive oil, are revered for their heart-healthy fats, while others, like coconut oil, may be prized for their high smoke point and unique flavor. Cooking oils contain fats that are necessary for energy, but the type of fat—saturated, unsaturated, or trans fats—has a bearing on health. Unsaturated fats are held to be healthier, though trans fats are associated with health risks. With increased awareness about healthy living, there has been an increasing demand for oils low in saturated fats and particularly those rich in omega-3 fatty acids, like flaxseed or walnut oil. Recent developments include: In July 2024, Louis Dreyfus Company relaunched its edible oil brand, Vibhor, specifically targeting the North Indian market. This strategic move aims to cater to the growing demand for high-quality edible oils in the region. The company plans to offer Vibhor in various packaging options, including 1-liter, 5-liter, and 15-liter containers, to enhance accessibility for consumers. The brand will focus on promoting its health benefits and quality, leveraging the increasing consumer awareness regarding nutrition and wellness , In February 2023, Cargill India launched its first edible oil brand, Gemini Pureit, in South India, supported by a USD 35 million investment in an existing facility in Nellore, Andhra Pradesh. The sunflower oil will be produced at this plant and distributed across four South Indian states. Cargill plans to gradually increase investments in the region and expand its product range over the coming years .

The global cooking oil market, valued at approximately $XX million in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 5.60% from 2025 to 2033. This expansion is fueled by several key drivers. Rising disposable incomes in developing economies, coupled with changing dietary habits and a preference for convenient and readily available cooking options, are significantly boosting demand. The increasing adoption of healthier cooking oils, such as those rich in unsaturated fats (like sunflower and rapeseed oils), is further driving market growth. The food processing and food service industries are major consumers, contributing significantly to the overall market volume. Furthermore, innovative product development, including fortified oils enriched with vitamins and antioxidants, is creating new market segments and enhancing consumer appeal. However, fluctuations in raw material prices, particularly palm oil, pose a significant challenge. Moreover, growing health concerns regarding saturated and trans fats are influencing consumer choices and impacting the demand for certain types of cooking oils. Market segmentation reveals that palm oil currently holds a substantial share within the product type segment, while the bakery and confectionery application segment commands a significant portion of the overall market. The geographical landscape reveals a diverse market distribution. While North America and Europe represent mature markets with relatively stable growth, the Asia-Pacific region is witnessing the most dynamic expansion, driven by rapid urbanization, population growth, and increasing consumption in countries like India and China. South America and the Middle East and Africa also show promising growth potential, albeit at a slower pace compared to the Asia-Pacific region. Major players like Archer Daniels Midland, Cargill, Bunge, and Wilmar International are actively shaping the market through strategic partnerships, acquisitions, and product diversification. Competition is fierce, leading to continuous innovation and efforts to secure sustainable and cost-effective sourcing of raw materials. The forecast period of 2025-2033 presents significant opportunities for market players, particularly those focusing on sustainable sourcing, product diversification, and catering to the growing health-conscious consumer segment. Recent developments include: March 2022: Alfa Laval acquired Desmet, a well-known player in the engineering and supply of processing facilities and technologies for the edible oil and biofuel sectors. Desmet was a division of the Desmet Ballestra Group. The acquisition strengthened Alfa Laval's position in the field of renewable energy and helped the company expand its range of edible oils., November 2021: Cargill acquired an edible oil refinery located in Nellore in Andhra Pradesh. Cargill's investment to acquire and upgrade the facility will significantly expand its edible oil production capacity and footprint in southern India and strengthen its existing supply chain to meet growing customer demand., November 2021: To build the new facility in the HoogTij industrial district of the Port of Amsterdam, Bunge announced its plans to invest more than EUR 300 million (USD 343 million) for the expansion project. According to the company, it was a crucial step in leveraging Bunge's asset footprint in Europe and was expected to help the company achieve more operational flexibility and efficiency. With the help of the new facility, the company aims to offer a wider range of cutting-edge culinary oils and fats made from sustainably harvested plants, better positioning its brand to satisfy growing consumer demand.. Notable trends are: Palm Oil Emerges as the Most Consumed Oil.

Snapshot img

Sunflower Market Size 2024-2028

The sunflower market size is forecast to increase by USD 9.6 billion at a CAGR of 6.38% between 2023 and 2028. The market exhibits significant growth, driven by the increasing demand for health products derived from sunflower oil. This demand is fueled by consumers' preference for edible oils that offer various health benefits, such as essential fatty acids and vitamin E. Furthermore, advancements in agriculture have led to the production of high-yielding sunflower hybrids increasing supply. However, the market faces challenges due to the volatility in oilseed crop prices, which can be attributed to the limited availability of arable land and seasonal weather conditions. This financial support facilitates access to high-quality seeds, advanced farming techniques, and efficient processing technologies. Additionally, the market for sunflower products extends beyond oil, with growing trends in snacks, bakery items, and autumn beauty products utilizing sunflower seeds and oil. Companies are capitalizing on this trend by offering a range of sunflower-based products, from black oil sunflower seeds to medical-grade sunflower oil. The market is poised for continued growth, as consumers seek out healthier alternatives and innovative uses for this versatile crop.

What will be the Size of the Market During the Forecast Period?

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The market in North America is a significant player in the agricultural and industrial sectors. The market encompasses various applications, including sunflower oil production, sunflower seeds for edible and decorative purposes, and biofuel production. Sunflowers, scientifically known as Helianthus annuus, are popular for their large, vibrant yellow flowers that symbolize autumn beauty and the Aztec sun. They offer numerous benefits, from edible uses to cosmetics and industrial applications. Sunflower oil, derived from sunflower seeds, is rich in essential fatty acids, including linoleic acid and oleic acid.

Moreover, these healthy fats contribute to the oil's high smoke point, making it a popular choice for cooking and food service providers. Additionally, sunflower oil is rich in vitamin E, an antioxidant that benefits both human health and the cosmetics industry. Sunflower seeds are consumed for their nutritional value, particularly their high protein and healthy fat content. They are also used for decorative purposes, such as bird feed and sunflower seed packets for gardening. Magnetic seed treatment, a modern innovation, enhances sunflower seed germination and growth. This technology improves the overall yield and quality of sunflower crops, making it an essential investment for farmers.

Furthermore, the food industry segment is a significant consumer of sunflower seeds and oil. Sunflower oil is used in various food applications, from baking and frying to salad dressings and sauces. Sunflower seeds are consumed as snacks, added to trail mixes, and used in baking and cooking. The cosmetics industry sector also benefits from sunflower derivatives. Sunflower oil and sunflower seed extracts are used in skincare and haircare products due to their moisturizing and antioxidant properties. Sunflower seeds and oil are also used as biofuel feedstocks. The production of biodiesel from sunflower oil is a sustainable alternative to traditional fossil fuels, contributing to the reduction of greenhouse gas emissions.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Oilseed
  Non-oilseed


Geography

  Europe



  APAC

    China


  South America

    Argentina


  North America



  Middle East and Africa

By Type Insights

The oilseed segment is estimated to witness significant growth during the forecast period. Sunflower oil, a popular health product derived from sunflower seeds, holds a significant market share in the health foods sector, particularly in countries like China and India. The Food Safety and Standards Authority of India (FSSAI) ensures the safety and authenticity of sunflower oil by regulating the use of organic ingredients. This region's preference for organic edible oils, including sunflower, canola, coconut, and soybean, is driven by their numerous health benefits. The increasing concern over oil adulteration has led consumers to opt for approved organic options, thereby fueling the demand for these products. As a result, the sales of organic edible oils are projected to grow substantially in the Asia Pacific (APAC) region during the forecast period.

In addition to their edible uses, sunflowers are also popular for their ornamental value and as snacks. For instance, the Chianti Hybrid sunflower is a decorative variety, while Arni