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Sunflower Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Mar 2022
  • Pages: 120
  • SKU: IRTNTR72393
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The sunflower market share is expected to increase by USD 8.13 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.51%.

This sunflower market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers sunflower market segmentation by type (oilseed and non-oilseed) and geography (Europe, APAC, South America, North America, and Middle East and Africa). The sunflower market report also offers information on several market vendors, including Archer Daniels Midland Co., Bunge Ltd., Cargill Inc., Colorado Mills, Conagra Brands Inc., Corteva Inc., Giant Snacks Inc., GoldenSun, Groupe Limagrain Holding, kaissaoil, Kenko Trading Co. Ltd., MACJERRY SUNFLOWER OIL COMPANY Co. Ltd., Mahyco Pvt. Ltd., Nufarm Ltd., Nuziveedu Seeds Ltd., PANNAR Ltd., Parakh Group, REIN Oil, Syngenta AG, and UPL Ltd. among others.

What will the Sunflower Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Sunflower Market Size for the Forecast Period and Other Important Statistics

 

Sunflower Market: Key Drivers, Trends, and Challenges

The demand for sunflower oil is notably driving the sunflower market growth, although factors such as fluctuation in oilseed crop prices due to lack of land may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the sunflower industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Sunflower Market Driver

One of the key factors driving growth in the sunflower market is the demand for sunflower oil. There is a high demand for cooking oil in countries such as India. For instance, India will likely produce about 10 million tons of edible oils in 2021 to 22, compared with local consumption of 23 million tons. Thus, Indians will probably buy expensive cooking oils from overseas for at least another 15 years as demand continues to outpace domestic production. In 2020, the adverse weather conditions caused global sunflower production to fall by 9 against 2019. This led to the rapid depletion of global stocks and the subsequent rise in sunflower seeds and oil prices. Despite rising prices, the demand for sunflower oil is set to remain stable, supported by the growing consumption of food oil and biofuels. The EU, China, India, Iraq, and Turkey feature among the most attractive destinations for export due to rising food demand from expanding middle class and urban population, which will drive the demand for sunflower oil and, in turn, will lead to growth in the sunflower market during the forecast period.

Key Sunflower Market Trend

The advancement in agriculture is another factor supporting the sunflower market share growth. Advancement in agriculture, such as precision farming and the deployment of drones, has been positively impacting the agriculture sector around the globe. For instance, precision farming refers to the management system for crops and livestock, which relies on global positioning systems to monitor the location of field equipment, including irrigation nozzles, agrochemical sprayers, and weed control systems, and to communicate with them. Some features of precision farming include but are not limited to equipment guidance, yield inspection, and variable rate input applications. Precision farming helps farmers automate a large part of their agricultural operations and minimize their input costs. The high profit-making potential of precision farming is expected to increase its commercial adoption, which, in turn, will enhance the growth of the market in focus during the forecast period.

Key Sunflower Market Challenge

The fluctuation in oilseed crop prices due to lack of land will be a major challenge for the sunflower market during the forecast period. Oilseed crop prices, such as for sunflower, are volatile due to variable weather conditions and political instability, affecting oil crop producers output and, as a result, limiting oil supply to manufacturers. Other important issues contributing to decreasing specialty oil production levels worldwide include restricted access to funding and a lack of information about contemporary agricultural practices and farm management skills. It is estimated that 30% of crops in key countries are lost due to ineffective insect and crop disease management techniques. The decrease in the availability of agricultural land can be attributed to an increase in constructional activities due to the growth of the urban population. Such factors will hinder the growth of the global sunflower market.

This sunflower market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global sunflower market as a part of the global agricultural products market under the global food products market of the global food, beverage, and tobacco market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the sunflower market during the forecast period.

Who are the Major Sunflower Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Archer Daniels Midland Co.
  • Bunge Ltd.
  • Cargill Inc.
  • Colorado Mills
  • Conagra Brands Inc.
  • Corteva Inc.
  • Giant Snacks Inc.
  • GoldenSun
  • Groupe Limagrain Holding
  • kaissaoil
  • Kenko Trading Co. Ltd.
  • MACJERRY SUNFLOWER OIL COMPANY Co. Ltd.
  • Mahyco Pvt. Ltd.
  • Nufarm Ltd.
  • Nuziveedu Seeds Ltd.
  • PANNAR Ltd.
  • Parakh Group
  • REIN Oil
  • Syngenta AG
  • UPL Ltd.

 

This statistical study of the sunflower market encompasses successful business strategies deployed by the key vendors. The sunflower market is fragmented and the vendors are deploying growth strategies such as focusing on strengthening their online presence to compete in the market.

Product Insights and News

  • adm.com - The company offers sunflower that includes sunflower oil, mid-oleic sunflower oil, dewaxed mid-oleic sunflower oil, expeller pressed high-oleic sunflower, dewaxed expeller pressed high-oleic sunflower oil which is used in nutrition bars, nutritional beverages, snack food frying, popcorn, spray oils, baked goods, cereals and dry mixes and bring specific functional benefits.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The sunflower market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Sunflower Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the sunflower market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Sunflower Market?

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65% of the market’s growth will originate from Europe during the forecast period. Russia, Romania, and Ukraine are the key markets for sunflowers in Europe. Market growth in this region will be faster than the growth of the market in the South American and APAC regions.

The growing demand for edible oils among consumers and the rising number of organized retailing outlets that offer edible oils will facilitate the sunflower market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

Europe was severely affected by the COVID-19 pandemic, especially in 2020, and was among the worst-hit regions globally. Italy, France, Germany, Spain, and the UK recorded the highest number of COVID-19 cases in Europe. Due to this, government organizations in various European countries implemented complete lockdowns to control the spread of the disease.In 2021, the region showed a slow economic recovery along with a rise in awareness about immunity and health consciousness, which will boost the demand for sunflower-based products in the region further during the forecast period.

What are the Revenue-generating Type Segments in the Sunflower Market?

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The sunflower market share growth by the oilseed segment will be significant during the forecast period. Countries such as China and India are the major consumer of oilseeds such as sunflower across the globe. The rising incidences of oil adulteration have driven consumers to purchase approved organic edible oils. The dominance of organic edible oils over their inorganic counterparts will increase the sales of organic edible oils in APAC during the forecast period. Additionally, the increasing disposable income of consumers and the rising number of organized retailing outlets that offer edible oil are the major drivers that are estimated to impact the growth of the global oilseed market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the sunflower market size and actionable market insights on post COVID-19 impact on each segment.

 

Sunflower Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.51%

Market growth 2022-2026

$ 8.13 billion

Market structure

Fragmented

YoY growth (%)

5.03

Regional analysis

Europe, APAC, South America, North America, and Middle East and Africa

Performing market contribution

Europe at 65%

Key consumer countries

China, Russia, Ukraine, Romania, and Argentina

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Archer Daniels Midland Co., Bunge Ltd., Cargill Inc., Colorado Mills, Conagra Brands Inc., Corteva Inc., Giant Snacks Inc., GoldenSun, Groupe Limagrain Holding, kaissaoil, Kenko Trading Co. Ltd., MACJERRY SUNFLOWER OIL COMPANY Co. Ltd., Mahyco Pvt. Ltd., Nufarm Ltd., Nuziveedu Seeds Ltd., PANNAR Ltd., Parakh Group, REIN Oil, Syngenta AG, and UPL Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Sunflower Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive sunflower market growth during the next five years
  • Precise estimation of the sunflower market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the sunflower industry across Europe, APAC, South America, North America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of sunflower market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 Oilseed - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Oilseed - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 29: Data Table on Oilseed - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Chart on Oilseed - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Oilseed - Year-over-year growth 2021-2026 (%)
    • 5.4 Non-oilseed - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Non-oilseed - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 33: Data Table on Non-oilseed - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Chart on Non-oilseed - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Non-oilseed - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Type
      • Exhibit 36: Market opportunity by Type ($ billion)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 Europe - Market size and forecast 2021-2026
      • Exhibit 42: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 43: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 44: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.4 APAC - Market size and forecast 2021-2026
      • Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.5 South America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 51: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 52: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.6 North America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 Market opportunity by geography
      • Exhibit 62: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 63: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 64: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 65: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 66: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 67: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 68: Matrix on vendor position and classification
            • 10.3 Archer Daniels Midland Co.
              • Exhibit 69: Archer Daniels Midland Co. - Overview
              • Exhibit 70: Archer Daniels Midland Co. - Business segments
              • Exhibit 71: Archer Daniels Midland Co. - Key news
              • Exhibit 72: Archer Daniels Midland Co. - Key offerings
              • Exhibit 73: Archer Daniels Midland Co. - Segment focus
            • 10.4 Bunge Ltd.
              • Exhibit 74: Bunge Ltd. - Overview
              • Exhibit 75: Bunge Ltd. - Business segments
              • Exhibit 76: Bunge Ltd. - Key news
              • Exhibit 77: Bunge Ltd. - Key offerings
              • Exhibit 78: Bunge Ltd. - Segment focus
            • 10.5 Cargill Inc.
              • Exhibit 79: Cargill Inc. - Overview
              • Exhibit 80: Cargill Inc. - Product / Service
              • Exhibit 81: Cargill Inc. - Key news
              • Exhibit 82: Cargill Inc. - Key offerings
            • 10.6 Colorado Mills
              • Exhibit 83: Colorado Mills - Overview
              • Exhibit 84: Colorado Mills - Product / Service
              • Exhibit 85: Colorado Mills - Key offerings
            • 10.7 Conagra Brands Inc.
              • Exhibit 86: Conagra Brands Inc. - Overview
              • Exhibit 87: Conagra Brands Inc. - Business segments
              • Exhibit 88: Conagra Brands Inc. - Key news
              • Exhibit 89: Conagra Brands Inc. - Key offerings
              • Exhibit 90: Conagra Brands Inc. - Segment focus
            • 10.8 GoldenSun
              • Exhibit 91: GoldenSun - Overview
              • Exhibit 92: GoldenSun - Product / Service
              • Exhibit 93: GoldenSun - Key offerings
            • 10.9 kaissaoil
              • Exhibit 94: kaissaoil - Overview
              • Exhibit 95: kaissaoil - Product / Service
              • Exhibit 96: kaissaoil - Key offerings
            • 10.10 MACJERRY SUNFLOWER OIL COMPANY Co. Ltd.
              • Exhibit 97: MACJERRY SUNFLOWER OIL COMPANY Co. Ltd. - Overview
              • Exhibit 98: MACJERRY SUNFLOWER OIL COMPANY Co. Ltd. - Product / Service
              • Exhibit 99: MACJERRY SUNFLOWER OIL COMPANY Co. Ltd. - Key offerings
            • 10.11 Parakh Group
              • Exhibit 100: Parakh Group - Overview
              • Exhibit 101: Parakh Group - Product / Service
              • Exhibit 102: Parakh Group - Key offerings
            • 10.12 REIN Oil
              • Exhibit 103: REIN Oil - Overview
              • Exhibit 104: REIN Oil - Product / Service
              • Exhibit 105: REIN Oil - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 106: Inclusions checklist
                • Exhibit 107: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 108: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 109: Research methodology
                • Exhibit 110: Validation techniques employed for market sizing
                • Exhibit 111: Information sources
              • 11.5 List of abbreviations
                • Exhibit 112: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              The sunflower market growth will increase by $8.13 billion during 2021-2026.
              The sunflower market is expected to grow at a CAGR of 5.51% during 2021-2026.
              Technavio has segmented the sunflower market by type (Oilseed and Non-oilseed) and geographic (Europe, APAC, South America, North America, and Middle East and Africa).
              Archer Daniels Midland Co., Bunge Ltd., Cargill Inc., Colorado Mills, Conagra Brands Inc., Corteva Inc., Giant Snacks Inc., GoldenSun, Groupe Limagrain Holding, kaissaoil, Kenko Trading Co. Ltd., MACJERRY SUNFLOWER OIL COMPANY Co. Ltd., Mahyco Pvt. Ltd., Nufarm Ltd., Nuziveedu Seeds Ltd., PANNAR Ltd., Parakh Group, REIN Oil, Syngenta AG, UPL Ltd. are a few of the key vendors in the sunflower market.
              Europe will register the highest growth rate of 64.58% among the other regions. Therefore, the sunflower market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
              • China
              • Russia
              • Ukraine
              • Romania
              • Argentina
              The key factors driving the sunflower market growth are:
              • Demand for sunflower oil
              • Advancement in agriculture
              The sunflower market vendors should focus on grabbing business opportunities from the oilseed segment as it accounted for the largest market share in the base year.
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