Dublin, June 12, 2019 (GLOBE NEWSWIRE) -- The "Global Sunflower Oil Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The sunflower oil market will register a CAGR of almost 5% by 2023.
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.
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.
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.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Market segmentation by application
- Comparison by application
- Food - Market size and forecast 2018-2023
- Industrial - Market size and forecast 2018-2023
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- Europe - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- North America - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Introduction of new packaging for sunflower oil
- Expansion of sunflower seed processing plants
- Expansion of sunflower seed harvested area
PART 12: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Archer Daniels Midland Co.
- Bunge Ltd.
- Cargill Inc.
- Conagra Brands, Inc.
- Rusagro Group of Companies LLC
For more information about this report visit https://www.researchandmarkets.com/r/7rwt8i
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