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.
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.
To Request a Sample of our Report on Sunflower Oil Market: https://www.omrglobal.com/request-sample/sunflower-oil-market
Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
Segment Covered-
- By Type
- By End-User
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- including Archer Daniels Midland Co., AVRIL SCA, Bunge Ltd., Cargill Inc., KAISSA, and others.
Sunflower Oil Market Report Segment
By Type
- Linoleic
- Mid-Oleic
- High-Oleic
By Application
- Foodservice
- Household
- Biofuels
- Personal care
- Industrial
A full Report of Sunflower Oil Market is Available @ https://www.omrglobal.com/industry-reports/sunflower-oil-market
Sunflower Oil Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- AAK AB
- AVENO N.V.
- Dubai World Trade Center L.L.C. (Abu Dhabi Vegetable Oil Co.)
- CHS Inc.
- Conagra Brands, Inc.
- Colorado Mills
- Hanoon Oil Factory
- Lia Food (EFKO Group)
- Marico Ltd.
- Oliyar Production Co.
- Parakh Group
- Rein Oil CC
- Mcjerry Sunfloweroil Co. Ltd.
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/sunflower-oil-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
