Global Sunflower Market: Growth, Trends & Forecasts 2019-2024 | Market Nears $10 Billion by 2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 23, 2019--
The “Global Sunflower Market - Growth, Trends, and Forecast (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.
The sunflower market was valued at USD 7,020.5 million in 2018, and is estimated to reach a value of USD 9,971.3 million by 2024, registering a CAGR of 6.37% over the forecast period 2019-2024.
The global sunflower oil consumption is growing rapidly, mainly as a result of the rising health consciousness among Indian consumers. Due to negative effects on health coming from the adoption of a modern lifestyle, the consumers now prefer light edible oils, in order to remain healthy. As a result, the share of sunflower oil in the total edible oil consumption is rising YoY.
Key Market Trends
France is the Largest Market for Sunflowers
The largest importer of sunflowers seeds is France, which took up 18% share in imported sunflower seeds, in volume, in 2018. France also actively participated in intra-European trade of sunflower seeds, accounting for 8.5% of the market share of the intra-European sunflower seed import market.
In the last five years, French imports of sunflower seeds increased at a sharp annual rate of +41% in volume and +34% in value, owing to a decrease in domestic production of French sunflower seeds. The largest developing country that supplies sunflower seeds to France is Argentina.
Asia Pacific Leads the Global Sunflowers Market
Asia-Pacific dominates the global sunflower market in terms of consumption, holding a 30% share of the global market. The market in this region driven by higher disposable incomes and increased health consciousness.
Edible oil consumers in India are increasingly turning toward sunflower oil, which has witnessed an increase in the consumption by about five-fold rise, over the past 15 years. Solvent Extractors’ Association of India (SEA) noted a steady rise in sunflower oil imports, from 973,000 metric ton, in 2015-2016, to 1,516,000 metric ton, in 2017-2018.
Key Topics Covered
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain Analysis
4.4.1 Value Chain Overview
4.4.2 Price Markups in the Value Chain
4.4.3 Stakeholders in the Value Chain
4.5 Commodity Grade Analysis
5 MARKET SEGMENTATION
5.1.1 North America
126.96.36.199 United States
188.8.131.52.1 Production Analysis
184.108.40.206.2 Consumption Analysis and Market Value
220.127.116.11.3 Import Market Analysis by Volume & Value
18.104.22.168.4 Export Market Analysis by Volume & Value
22.214.171.124.5 Price Trend Analysis
5.1.4 South America
5.1.5 Middle East & Africa
6 PROCUREMENT REFERENCE MATRIX
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/bnfvsl
View source version on businesswire.com:https://www.businesswire.com/news/home/20191023005404/en/
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INDUSTRY KEYWORD: AGRICULTURE NATURAL RESOURCES
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 10/23/2019 07:15 AM/DISC: 10/23/2019 07:15 AM