The global sunflower oil market is anticipated to grow at a considerable CAGR of 6.7% during the forecast period. One of the key factors that are fueling the market is the growing competitiveness among the existing market players and new entrants. In addition, the existing major players in the market are also inclined toward introducing a new brand of sunflower oil catering to expand its product portfolio and stay competitive. For instance, in April 2022, the Union Miniter for Fisheries launched Dhara sunflower oil brand packaged by Bengaluru-based oilseeds cooperative Karnataka Cooperative Oilseeds Growers' Federation (KOF) to grab a larger market. Additionally, in July 2020, Amul, an Indian dairy cooperative society, introduced a new oil brand Janmay edible oils, in Gujarat, India. The brand range includes groundnut oil, soybean oil, sunflower oil, and other prominent cooking oils.
Browse the full report description of “Global Sunflower Oil Market Size, Share & Trends Analysis Report by Type (Linoleic, Mid-Oleic, and High-Oleic), and by End-User (Foodservice, Household, Biofuels, Personal Care, and Industrial) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/sunflower-oil-market
Another major factor that is bolstering the growth of the market includes the growing adoption of several strategic initiatives such as mergers and acquisitions by key market players across the globe. Furthermore, the key companies are also involved in advancing, innovating, and launching new products to cater rising demand for sunflower oil. For instance, in February 2022, Chevron USA Inc. and Bunge North America, Inc. signed definitive transaction agreements to create a joint venture. The new venture aims to create renewable feedstocks leveraging Bunge’s expertise in oilseed processing and farmer relationships and Chevron’s expertise in fuel manufacturing and marketing.
In December 2021, Cargill, Inc. acquired an edible oil refinery located in Andhra Pradesh, India. The company invested $35 million to acquire, upgrade, and expand the facility. Through this acquisition, the company will produce and package its edible oil brands for retailers, including sunflower oil. The new facility came into fully operational by May 2022. Apart from this, in February 2020, Saipol launched OleoZE, a purchasing service for sustainable French oilseeds. The platform enables farmers and collecting organizations to market their rapeseed and sunflower seeds by rewarding farming practices that reduce CO2 emissions.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Type
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Archer Daniels Midland Co., AVRIL SCA, Bunge Ltd., Cargill Inc., KAISSA, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Sunflower Oil Market Report Segment
By Type
By Application
Global Sunflower Oil Market Report Segment by Region
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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