Sunflower Oil Market Size Outlook Top Key Players | Industry Growth, & Forecast 2030
Market Overview
The Sunflower Oil Market is expected to
rise at a 5.00% CAGR by 2030. As per the MRFR study, the sunflower oil industry
can value at USD 23.5 Billion on the conclusion of 2022- 2030.
Segmental Analysis
Based on Type and Applications, the Sunflower Oil Market Overview is segmented into distinct market
segments.
High-oleic oil, linoleic oil, and mid-oleic
oil are the three types of oil. The linoleic segment is expected to account for
the largest share of the entire Sunflower Oil Market. During the forecasted
time term, the fragment is expected to rise at a CAGR of 4.79 percent.
The global market is also divided into
biofuel, food & beverages, personal care, and others based on applications.
The food and beverage segment is expected to account for the largest share of
the overall Sunflower Oil Market. In the predicted time frame, the part can
flood at a good rate of growth.
Regional Overview
Europe Sunflower Oil Market is regarded as the most important region
in the market, with a forecasted growth rate of 5% by 2025. Germany, Italy, and
France are thought to be accumulating large sums of money in order to expand
the EU market. The sunflower oil industry in Europe is expected to grow at a
4.87 percent CAGR over the projected period. The increased use of sunflower oil
as a biofuel and its application in the creation of particular consideration
products could spark a market boom in Europe. The market in the region is
experiencing strong expansion, owing to the significant rise in this type of
oil consumption. Its rapid consumption in the region is fueled by its high
amount of unsaturated fatty acids and high smoke point. The world's major producers
of sunflower seed oil are Russia and Ukraine.
As the use of sunflower oil in cooking
grows, the Asia Pacific market might account for a considerable percentage of
the global market. The region's extensive agriculture of sunflower plants can
assist the Sunflower Oil Market flourish in the coming years. The bakery
business in the region is growing, and there is a growing demand for creative
and healthful baking products. In addition, the governments of some Asian
nations are focusing on reducing the consumption of partly hydrogenated oils
(PHO) because of its negative health impacts. As a result, food producers have
shifted to sunflower seed oil, which is expected to grow in popularity in the
region. Because they are among the world's most populous countries, India and
China are the region's largest importers.
Market Dynamics
The broad scope of application of sunflower
oil across numerous areas is a crucial increasing variable in the sunflower oil
industry. Furthermore, the rise in the food and beverage business, as well as
an increase in consumer awareness of well-being, is predicted to boost overall
interest in the sunflower oil industry over the forecast period.
Furthermore, the rise in the number of
substance-free oil items and the rising popularity of high-quality food fixes
are predicted to be the primary drivers of the global sunflower oil market
revenue. Furthermore, the need for sunflower oil in the food preparation and
development industries is propelling the global market forward.
In any event, the global market's expansion
is expected to be limited by the easy availability of acceptable substitutes on
the lookout and the high cost of sunflower oil crude material. The growing
awareness of sunflower oil's negative effects, on the other hand, may pose a
threat to the growth of the Sunflower Oil Market Share.
According to the MRFR reports, the global Sunflower
Oil Market Size is likely to attain a over USD 23.5 Billion by the end of 2030
while flourishing at a healthy CAGR of over 5.00% during the forecasted era.
Competitive Dynamics
The notable players of the market are Hydro
Extruded Solutions (Norway), China Zhongwang Holdings Limited (China), Arconic
(US) Hindalco Industries Limited (India), Constellium (The Netherlands),
Century Extrusions Limited (India), QALEX (Qatar), Bonnell Aluminium (US), Gulf
Extrusions Co. LLC (UAE), TALCO (India) Balexco BAHRAIN ALUMINIUM EXTRUSION
COMPANY, Zahit Aluminium, ETEM GROUP, Sainty Industry Co., Ltd, Banco Aluminium
Ltd.
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