SUNFLOWER OIL MARKET ANALYSIS

Sunflower Oil MarketSize and Trends

The global sunflower oil market size was valued at US$ 33,973.6 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 6.05% from 2023 to 2030. Sunflower oil market is one of the growing markets across the world. The market is experiencing a healthy growth rate due to the increasing health consciousness among consumers and their preference for light edible oils. The market is also driven by rising health awareness and adoption of healthy foods and ingredients, and the use of sunflower oil in biofuels.

Figure 1. Global Sunflower Oil Market, By Region 2022

Global Sunflower Oil Market Trends:

Consumer is inclining towards healthier cooking oils for frying purposes

Increased consumption of healthy cooking oil, a rise in disposable income, and supportive government initiatives to promote sunflower cultivation are recent trends. Moreover, developing regions are witnessing rapid growth in the food processing industry, which largely relies on the use of sunflower oil for improving taste and texture is again uplifting market growth.

Increased consumption of natural neutral oils is another trend

Natural neutral oils are healthier for consumption and provide more nutritional value. Moreover, increase in the use of sunflower oil in cosmetics as a vegan alternative to beeswax is again propelling market growth. The rise in clean beauty and vegan trends is projected to drive the global sunflower oil market in the coming years.