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.
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.
What are the key insights in sunflower oil market report?
It also offers a detailed analysis of the market size and growth rate for all the segments. Various key insights presented in the report are an overview of related markets, recent industry developments such as mergers & acquisitions, the regulatory scenario in critical countries, and key sunflower oil industry trends.
