Sunflower oil market is the non-volatile oil compressed from the seeds of sunflower also known as Helianthus annuus. Sunflower oil is mostly utilized in food industry as a frying oil as well as in the cosmetic formulations in the form of an emollient. The globe’s overall production of sunflower oil in the year 2014 was approximately 16 million tons out of which Russia and Ukraine being the largest producers. Sunflower oil is a monounsaturated or polyunsaturated mix of almost all the oleic acid such as omega-9 and linoleic acid such as omega-6 class of oils. The oil substance of the seed ranges from 22% to 36% (normal, 28%): the part contains 45– 55% oil. The expressed oil is of light golden color with a gentle and mild fragrance; refined oil is light yellow. Refining capacities are low and the oil has excellent characteristic qualities with light inclination for an enhanced inclination. The oil contains considerable amounts of sterols, vitamin E, aliphatic hydrocarbons and squalene. Currently, there has been an expansion in the overall demand for sunflower harvests, such as sunflower oil. Measures, for example, the improvement of half breed sunflowers to expand oil production has been acquainted with the increasing demand. Sunflower oil also known as Helianthus annuus is a non-unstable oil removed from the seeds of sunflower. It is a triglyceride and essentially comprises of stearic acid, palmitic acid, linoleic acid and oleic acid.
The global sunflower oil market is anticipated to witness a substantial growth owing to increasing popularity of unrefined, unprocessed, healthy, and organic oil. In the coming years, vegetable oils with low cholesterol, fat, and calories are likely to gain high response due to growing health awareness among people across the world. In addition, major improvement in retail network, increasing crop yields, oil production, and growing economies are some of the prominent factors supporting the growth of the global sunflower oil market. Furthermore, growing popularity of canola oil, trans-fat free soybean oil, and emerging preference for olive oil will drive the global market for sunflower oil. The retail segment is expected to drive the sales of sunflower oils on account of strong supply chain of chain of sunflower oil products and established chain of retail outlets. Vegetable oil consumption has increased in developing countries due to increasing demand from growing population, surging retail sector, and rise in overall household income. Additionally, manufacturers of sunflower oils are adopting advanced processing technique to offer healthier and affordable oil. However, they lack in the production of sunflower oil in comparison with incoming demand.
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The global sunflower oil market can be segmented on the basis of seed type, application and geography. On the basis of seed type, the global sunflower oil market can be segmented into confection sunflower seeds and non-oil sunflower seeds. On the basis of application, the global sunflower oil market can be segmented into cooking, skin care products, restaurants & hotels and others. On the basis of geography, the global sunflower oil market can be segmented into North America, Europe, Asia-Pacific and Rest of the World.
Some of the key players in the global sunflower oil market are Beidahuang Group, Archer Daniels Midland Company, Ach Food Companies Inc., Ruchi Soya, Adani Group, Bunge Alimentos SA, Bunge Limited, Borges Mediterranean Group, Cargill Inc. and Fuji Vegetable Oil, Inc. among others.
The global sunflower oil market can be segmented:
By Seed Type:
• Confection sunflower seeds
• Non-oil sunflower seeds
• Skin care products
• Restaurants & hotels
• North America
• Rest of the World
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