View monthly updates and historical trends for Olive Oil Price. Source: International Monetary Fund. Track economic data with YCharts analytics.

Get the latest insights on price movement and trend analysis of Olive Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Out of the **** million metric tons produced worldwide in 2022/2023, Spain contributed to **** million metric tons. Europe generates most of the world’s olive oil, and Spain plays a very important role in its production. Same country, different taste for olive oil Although an essential ingredient in the Spanish cuisine, olive oil consumption can vary greatly across the Mediterranean country’s regions depending on the preferred oil type. In that regard, Galicia led the list of consumers of regular olive oil with around **** liters per capita, whereas La Rioja featured the highest intake of extra virgin olive oil at **** liters in 2021. Although Spaniards often use their olive oil for many of their dishes, olive oil consumption experienced a downward trend during the last few years, with the average person intaking **** kilograms of the golden liquid in 2022 from *** kilograms in 2010. The profile of a Spanish olive oil consumer In terms of expenditure, Spaniards spent on average **** euros on their olive oil – although the price can vary greatly depending on the distribution channel, with e-commerce shops featuring the cheapest olive oil price per liter in 2022. Nationwide, the average Spaniard shopped for olive oil at supermarkets, with over ** percent of olive consumer in this country choosing this distribution channel over other stores.

2996 Global export shipment records of Olive Oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

568 Global import shipment records of Olive Oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

According to Cognitive Market Research, the global Sunflower Seed Oil market size is USD 21521.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 8608.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 6456.48 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 4949.97 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 1076.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 430.43 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.
Nusun, or Mid Oleic Sunflower Seed Oil, obtained the highest share in 2023.

Market Dynamics of Sunflower Seed Oil Market

Key Drivers for Sunflower Seed Oil Market

Increasing use of sunflower oil in cosmetics

Sunflower oil is commonly used in cosmetics as a foundation and skin nourishing element. persons are drinking more sunflower oil as a preventative strategy since the number of persons suffering from cholesterol-related diseases has grown. The Sunflower Oil Market has expanded as a result of expanding population, an increase in the number of people suffering from heart conditions, and broad industrial and household use. Because of their high cholesterol levels, more than 65% of people in high-income countries and more than 30% of those in low-income countries are at high risk of developing cardiovascular disease. Because of these factors, sunflower oil consumption has increased over the world.

Sunflower oil fortification to meet the need for healthy products

Consumers are increasingly interested in fortified or nutrient-rich edible oils, driven by health and wellness trends. Sedentary lifestyles among consumers today have resulted in a variety of cardiovascular diseases and obesity. As a result, people are turning to edible oils fortified with essential vitamins and minerals to help their bodies function. According to the World Health Organization (WHO), vitamin A-rich edible oils are safe and effective in industrialized countries. Several Asian and African poor countries are utilizing vegetable oil fortification to treat malnutrition and mineral deficiency. The growing trend of high-value food globally as a result of rapid urbanization and better education levels is predicted to boost market expansion.

Restraint Factor for the Sunflower Seed Oil Market

The availability of substitutes will hinder market growth

The availability of replacement edible oils with similar nutritional qualities, such as olive oil, canola oil, and coconut oil, serves as a market constraint. The manufacturing method is expensive since oils with a high wax concentration, such as sunflower, require additional screening and dewaxing. This raises the whole end-product price, which is higher than for other traditional oils such as soybean, palm, and groundnuts. As a result, its lack of adaptation in a variety of emerging economies is a contributing factor. Several companies are investing in mineral-fortified edible oils and technology to protect the oil's essential nutrients during the manufacturing process. This has piqued consumers' interest in canola and olive oil as alternatives. Olive oil has a higher vitamin K, fatty acid, and mineral content than sunflower oil, which limits market expansion.

Impact of Covid-19 on the Sunflower Seed Oil Market

The COVID-19 pandemic has had a significant influence on the global economy, disrupting supply chain activity around the world. The government's installation of lockdowns and trade barriers has hampered the growth of the sunflower seed and oil business. The stay-at-home customer trend has had a negative impact on the foodservice and HoReCa (Hotel, Restaurant, and Café) industries. The Coronavirus outbreak has resulted in an increase in edible oil costs, which has had a significant impact on majo...

According to Cognitive Market Research, the global Hibiscus Cannabinus Seed Oil market size was USD 172.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.90% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 69.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 51.75 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 39.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.9% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 8.63 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 3.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031.
The Organic Hibiscus Cannabinus Seed Oil category is the fastest growing segment of the Hibiscus Cannabinus Seed Oil industry

Market Dynamics of Hibiscus Cannabinus Seed Oil Market

Key Drivers for Hibiscus Cannabinus Seed Oil Market

Growing Demand for Natural and Organic Ingredients to Boost Market Growth

Growing consumer awareness of the harmful effects of synthetic chemicals in personal care, cosmetics, and food products is fueling demand for natural alternatives like hibiscus cannabinus seed oil. Consumers, particularly in developed markets such as North America and Europe, increasingly favor products with transparent labeling and natural ingredients. In the United States, organic food sales surpassed $60 billion in 2022, marking a new milestone for the robust organic sector. According to the Organic Trade Association's 2023 Organic Industry Survey, total organic sales, including non-food items, reached a record $67.6 billion, reflecting a 4% growth rate—nearly double the pace of 2021. Organic food sales alone amounted to $61.7 billion, while organic non-food sales neared $6 billion. Certified organic products now represent 6% of total U.S. food sales. In 2022, Europe led global imports of vegetable and essential oils, accounting for 43% of the market, significantly outpacing imports from Asia and the Americas. With its rich composition of essential fatty acids, antioxidants, and nutrients, hibiscus cannabinus seed oil is becoming increasingly popular as an ingredient in health-conscious culinary products.

Increasing Applications in the Cosmetics and Personal Care Industry to Drive Market Growth

Hibiscus cannabinus seed oil is highly valued for its moisturizing, anti-inflammatory, and anti-aging benefits, making it a popular ingredient in creams, lotions, serums, and hair care products. With growing consumer preference for plant-based oils in skincare and haircare routines due to their effectiveness and minimal side effects, the demand for such natural solutions is on the rise. Europe stands as one of the largest markets for natural and organic cosmetics, contributing 38% of the global market value. The European market for natural and organic cosmetics grew from €3.64 billion in 2018 to €3.89 billion in 2020. The increasing prominence of eco-conscious and luxury herbal brands has further driven demand for unique and natural ingredients like hibiscus cannabinus seed oil.

Restraint Factor for the Hibiscus Cannabinus Seed Oil Market

High Production Costs, will Limit Market Growth

Hibiscus cannabinus seed oil remains a relatively lesser-known product compared to more established natural oils such as argan, coconut, and olive oil. This lack of awareness limits consumer demand. In emerging economies, where cost sensitivity is high, many consumers are unaware of the oil’s benefits and uses. Extracting oil from hibiscus cannabinus seeds can be labor-intensive and requires specialized equipment, leading to higher costs. The niche nature of the product means that large-scale cultivation and processing facilities are scarce, which increases per-unit costs. Compared to alternative oils, hibiscus cannabinus seed oil is often priced higher, making it less competitive in price-sensitive markets.

Impact of Covid-19 on the Hi...