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Global Sunflower Oil Market 2019-2023

Global Sunflower Oil Market 2019-2023

About this market

The increasing exports of sunflower oil can accelerate the growth of the market during the forecast period. The growing exports of sunflower have encouraged vendors to enhance sunflower oil production. The demand for sunflower oil imports is rising in many countries, including Iraq, India, and China. Sunflower oil exports from Ukraine to Iraq tripled during 2017-2018 from 2016-2017. Overall, sunflower oil exports to India increased by more than 20% in January 2019 from January 2018. From 2017 to 2018, the total exports of sunflower oil from Russian Federation registered an increase. Likewise, the overall exports of sunflower oil from Ukraine increased in 2018. Hence, a continuous rise in the exports of sunflower oil can have a positive influence on the global sunflower oil market during the forecast period. Technavio’s analysts have predicted that the sunflower oil market will register a CAGR of almost 5% by 2023.

Market Overview

Product launches

One of the major factors expected to have a positive influence on the global sunflower oil market is the increasing number of product launches. Several market players are focusing on launching chemical-free processed sunflower oil. The company uses a patented chemical-free process to retain natural vitamins during processing. Furthermore, several companies are launching its new premium brand, Virgin Gold sunflower oil, and claim it is unadulterated, untainted, and chemical -free. This oil is also available in one-liter, three-liter, five-liter, ten-liter, and twenty-liter packs. Vendors operating in this market are trying to attract consumers by introducing new types of sunflower oils. The launch of new products, therefore, can increase the overall sales of sunflower oil and drive the growth of the market during the forecast period.

The vulnerability of sunflower seed to changes in climatic conditions

Changes in climatic conditions have a significant impact on the production of oilseeds such as sunflower seed. These changes include elevated atmospheric carbon dioxide concentrations, high temperature, and water shortage due to rainfall fluctuations. Sunflower seed, the source of sunflower oil, is vulnerable to the direct impact of heat stress and drought during the growth cycle. These factors can lead to a severe yield loss in sunflower seed production farms. Changes in climatic conditions can reduce oil content and alter fatty acid concentrations, thereby affecting the quality of sunflower oil extracted from such seeds. Therefore, climatic changes have adversely affected the production of sunflower oil in some of the critical sunflower oil producing countries.

For the detailed list of factors that will drive and challenge the growth of the sunflower oil market during 2019-2023, view our report.

Competitive Landscape

The market appears to be moderately fragmented. The presence of several companies, including Archer Daniels Midland Co. and Bunge Ltd. makes the competitive environment quite intense. Factors such as the increasing preference for healthy food ingredients and the growing exports of sunflower oil will provide considerable growth opportunities to the sunflower oil manufacturers. Cargill Inc., Conagra Brands Inc., and Rusagro Group of Companies LLC. are some of the major companies covered in this report.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Sunflower Oil Market 2019-2023

Technavio recognizes the following companies as the key players in the global sunflower oil market: Archer Daniels Midland Co., Bunge Ltd., Cargill Inc., Conagra Brands Inc., and Rusagro Group of Companies LLC.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the introduction of new packaging for sunflower oil.”

According to the report, one of the major drivers in this market is the increasing preference for healthy food ingredients.

Further, the report states that one of the major factors hindering the growth of this market is the high import tax on sunflower oil.

Companies Mentioned

Archer Daniels Midland Co.

Bunge Ltd.

Cargill Inc.

Conagra Brands Inc.

Rusagro Group of Companies LLC

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global packaged food market
      • Table Segments of global packaged food market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Food - Market size and forecast 2018-2023
      • Table Food - Market size and forecast 2018-2023 ($ millions)
      • Table Food - Year-over-year growth 2019-2023 (%)
    • Industrial - Market size and forecast 2018-2023
      • Table Industrial - Market size and forecast 2018-2023 ($ millions)
      • Table Industrial - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market Trends
    • Introduction of new packaging for sunflower oil
    • Expansion of sunflower seed processing plants
    • Expansion of sunflower seed harvested area
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Archer Daniels Midland Co.
      • Table Archer Daniels Midland Co. - Vendor overview
      • Table Archer Daniels Midland Co. - Business segments
      • Table Archer Daniels Midland Co. - Organizational developments
      • Table Archer Daniels Midland Co. - Geographic focus
      • Table Archer Daniels Midland Co. - Segment focus
      • Table Archer Daniels Midland Co. - Key offerings
    • Bunge Ltd.
      • Table Bunge Ltd. - Vendor overview
      • Table Bunge Ltd. - Business segments
      • Table Bunge Ltd. - Organizational developments
      • Table Bunge Ltd. - Geographic focus
      • Table Bunge Ltd. - Segment focus
      • Table Bunge Ltd. - Key offerings
    • Cargill Inc.
      • Table Cargill Inc. - Vendor overview
      • Table Cargill Inc. - Business segments
      • Table Cargill Inc. - Organizational developments
      • Table Cargill Inc. - Geographic focus
      • Table Cargill Inc. - Key offerings
    • Conagra Brands Inc.
      • Table Conagra Brands Inc. - Vendor overview
      • Table Conagra Brands Inc. - Business segments
      • Table Conagra Brands Inc. - Organizational developments
      • Table Conagra Brands Inc. - Segment focus
      • Table Conagra Brands Inc. - Key offerings
    • Rusagro Group of Companies LLC
      • Table Rusagro Group of Companies LLC - Vendor overview
      • Table Rusagro Group of Companies LLC - Business segments
      • Table Rusagro Group of Companies LLC - Organizational developments
      • Table Rusagro Group of Companies LLC - Segment focus
      • Table Rusagro Group of Companies LLC - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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