Sunflower Oil Market Worldwide Share | Size, Value Demand and Forecast to 2024

Research Reports

Jan 15, 2021

Market Overview

Sunflower Oil Market is expected to register a CAGR of 5.06% and reach USD 20,960.1 Million by 2024. Sunflower is grown annually in relatively warm areas such as Ukraine, Hungary, France, Romania, Bulgaria, Spain, Italy, and Russia. The application of sunflower oil in food & beverages is predominant in Spain, Germany, France, Italy, Romania, and the UK. The seeds of sunflower can yield up to 45% of sunflower oil, which is an excellent source of protein for the animal feed industry.

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Sunflowers are more than beautiful yellow flowers that offer you a fascinating sight to see. These flowers contain ample nutrition that is beneficial for the skin. The sunflower oil trade is expanding since the oil is being used as a natural skincare ingredient for hundreds of years across the world. The oil consists of Vitamin E & K, which are advantageous in maintaining radiant skin. The oil fights acne, prevents wrinkles, and acts as a natural skin moisturizer. Therefore, the product is gaining popularity among women. Also, there has been a rise in demand for organic beauty products, which will aid in boosting the sunflower oil industry.

Innovation and novelty factor keep consumers engaged and curious. Likewise, the increasing number of new sunflower oil product launches by various key players is expected to grow the market. The oil is available in one-liter, three-liter, five-liter, ten-liter, and twenty-liter packs that can attract consumers by providing various options, which increases sales significantly. Also, Sunflower Oil Industry growing concern towards the environment has resulted in opting for eco-friendly and chemical-free methods that can enhance its importance in the coming period and augment the revenue of the sunflower oil industry.

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