Europe Bottled Sunflower Oil Market Outlook
According to a new report by Expert Market Research titled “Europe Bottled Sunflower Oil Market Size, Share, Price, Analysis, Report, Demand, Forecast 2023-2028″, the Europe bottled sunflower oil market is projected to grow at a CAGR of 3.40% between 2023 and 2028. Aided by the rising awareness of health and wellbeing, alongside the expansive use of sunflower oil in diverse industries, the market is expected to grow significantly by 2028.
Sunflower oil, extracted from the seeds of the sunflower plant, is predominantly employed as a culinary ingredient. It is rich in Vitamin E and low in saturated fat, contributing to cardiovascular health, skin care, and overall wellness. Aside from its nutritional benefits, sunflower oil also boasts excellent emulsifying and stabilising properties, enhancing its value in various industrial applications, including cosmetics, pharmaceuticals, and food processing.
The escalating consumer inclination towards healthier food alternatives is the primary driver for the Europe bottled sunflower oil market growth. With the intensifying cognizance about the health advantages associated with the consumption of unsaturated fats, a considerable shift has been observed towards the inclusion of sunflower oil in daily diets, leading to a spike in demand. Moreover, the surging trend of clean eating and fitness has amplified the demand for sunflower oil as it is a preferred ingredient in numerous health-conscious recipes.
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The broadening applications of sunflower oil in diverse industries significantly contributes to the Europe bottled sunflower oil market expansion. In the pharmaceutical sector, sunflower oil is utilised for its potential in aiding the absorption of certain drugs. The cosmetics industry leverages sunflower oil for its hydrating and skin-softening properties, which are vital in the creation of various skincare and hair care products. Furthermore, the properties of sunflower oil make it a key component in the manufacturing of biofuels and paints.
Further, the burgeoning demand for plant-based alternatives in the food and beverage industry has prompted a heightened focus on sunflower oil as a fitting ingredient for vegan and vegetarian products, thus increasing the Europe bottled sunflower oil market demand. With the rise of veganism and the growing popularity of plant-based diets, sunflower oil has materialised as an essential component in the production of dairy-free, egg-free, and meat-free alternatives, thereby enhancing the bottled sunflower oil market expansion.
Looking ahead, the persistent emphasis on healthier lifestyles and sustainable food sources is expected to present novel opportunities for the Europe bottled sunflower oil market development. Emerging trends, such as the cultivation of high oleic sunflower oil varieties and the exploration of new sunflower strains for oil production, emphasise the innovative potential of this market.
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Europe Bottled Sunflower Oil Market Segmentation
The market can be divided based on packaging size, distribution channel, and country.
Market Breakup by Packaging Size
- Up to 1 Litre
- 1 Litre < 2 Litre
- Above 2 Litre
Market Breakup by Distribution Channel
- Supermarkets and Hypermarket
- Convenience Stores
Market Breakup by Country
- United Kingdom
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Europe bottled sunflower oil companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Bunge Limited
- ViOil Industrial Group
- Kernel Holding S.A.
- Edible Oils Ltd.
- Terra Balkan Oil Ltd
- Groupe Avril
- Wilmar International Limited
- EFKO Group
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