Regional Analysis

Global Sunflower Oil Market: Regional Insights

Based on geography, the global sunflower oil market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Regionally, Asia Pacific sunflower oil market is projected to grow at a significant CAGR during the forecast period. The region accounts for a large share of the global sunflower oil market due to increased utilization of sunflower oil in bakery, snacks, and confectionery products. In addition, the government in this region is focused on reducing the consumption of partly hydrogenated oils (PHO) because of their harmful effects on the human body.

North America is also expected to witness fastest growth in the global market over the forecast period owing to the growing health and wellness trend. Moreover, growing awareness regarding health benefits of sunflower oil is also contributing to the regional market growth. The sunflower oil market in the United States was valued at US$ 480.3 million in 2022 and is projected to reach US$ 661.89 million by 2030, registering a CAGR of 4.09% during the forecast period (2023-2030).

North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa and Rest of Middle East