According to the National Sunflower Association, it is estimated that the U.S. sunflower oil production reached 252 metric tonnes in the marketing year 2022-23, an increase from 163 million tonnes in the marketing year 2019-20. The increasing sunflower oil production for culinary purposes is driving the market during the upcoming years.
Which country dominated the sunflower oil market in 2023?
Europe dominated the sunflower oil market with a market share of 33.62% in 2023. Sunflower (Helianthus) is a native crop of North and Central America widely cultivated for its seeds, flowers, and oil extraction. The oil derived from the seeds is extensively used in food, energy, and chemical industries globally.
Why is sunflower marketed mainly after processing?
Also, sunflower is marketed mainly after processing, which further promotes the establishment of an advanced industrial supply chain of producing, processing and marketing in the highly concentrated production regions to take advantage of local distribution.
What is the global sunflower oil market size?
The global sunflower oil market size was USD 21.95 billion in 2023 and is projected to grow from USD 23.29 billion in 2024 to USD 37.74 billion by 2032 at a CAGR of 6.22% over the forecast period (2024-2032). Europe dominated the sunflower oil market with a market share of 33.62% in 2023.
After-sales Service Provided: Free spare parts, Field installation, commissioning and training, Field maintenance and repair service, Video technical support, Online support
