The Market Overview of Sunflower Oil and its Increasing Demand
This blog contains detailed information about the sunflower production process as well as pricing trend, key competitors, regional outlook, industrial uses, and latest developments.
Sunflower oil is non-volatile pressed oil that is extracted from sunflower seeds. It is primarily used for frying in cooking applications, due to its mild composition and high smoke point.
It is available in several different forms with a range of formulations and health advantages. It is made up of linoleic acid, a polyunsaturated fat, and oleic acid, a monounsaturated fat.
The oil is tasteless and contains a considerable amount of vitamin E. The three main types of sunflower oil are linoleic, high oleic, and Nusun sunflower oil.
Sunflower Oil Production Process
Sunflower oil is produced from sunflower seeds via extraction. Sunflower seeds are first cleaned to remove any impurities or pollutants before being dehusked and ground up in this procedure.
Request Access For Regular Price Update of Sunflower Oil
Additionally, the embryo in sunflower seeds is flaked and steamed in a frying pan to produce sunflower oil. The remaining oil is obtained through solvent leaching. The crude oil that is so produced is next purified using filtering and precipitation. To create refined sunflower oil, the oil is next put through a decolorisation, deacidification, and deodorisation process.
Sunflower Oil Price Trend
Due to fluctuating market sentiment and altering market dynamics from the downstream industries, sunflower oil prices varied in North America recently. The price of sunflower oil decreased as a result of a decline in local retailers' demand. With this, the sunflower oil production cost also decreased.
Sunflower oil is no longer in high demand from consumers. Additionally, Canada had been the primary source of imports for US sunflower oil, but a drop in Canadian demand caused a sharp reduction in the commodity price.
Because of rising inflation and a disruption in the supply from European countries, the price kept going higher. Due to the product's consistent reduction in the first months of the quarter, which decreased the amount of inventory, the commodity's price increased.
As a result of fighting against strong inflationary pressures with prices of food, gasoline, and crop fertilisers, sunflower oil prices changed recently in the Asia-Pacific region. Prices increased as a result of an increase in Covid cases nationwide and an increase in demand from end-user businesses and residential households.
The price of sunflower oil increased because it is mainly imported from the European continent. Extreme heat waves and droughts exacerbated tightened supply worries because they killed seeds and restricted production in the markets.
Prices for sunflower oil vary across Europe. The product's price has dropped due to the significant number of inventories in the local market. The makers had to reduce the price because the goods were manufactured in excess.
As a result of numerous limitations that have been approved in its primary importing countries, the price of the good has drastically fallen in its home market. Even if the domestic market has a sizable requirement, there is enough inventory to satisfy consumer demand. due to the producers' necessity to raise prices as a result of the scarcity and the rising cost of sunflower oil
Key Market Players
- EFKO Group
- ASTON JSC
- Cargill Incorporated
- Optimus Agro
- Bunge Limited
- Adams Group
Sunflower Oil-Producing Countries
The leading sunflower oil-producing countries are Ukraine, Russia, Netherlands, Bulgaria, and Argentina.
Sunflower Oil Industrial Applications
Sunflower oil is mostly used in industry as a cooking oil. For the creation of mayonnaise and other dressings with an oil base, it is necessary. The oil can be used once it has been hydrogenated to create shortening and margarine. High-oleic sunflower oil is frequently used for industrial frying because it contains little in the way of polyunsaturated fatty acids.
Read More About Sunflower Oil Production Cost Reports - REQUEST FREE SAMPLE COPY IN PDF
Mid-oleic sunflower oil provides better frying qualities when compared to nonhydrogenated oils like canola, cottonseed, soybean, and corn. The production of lubricants, biodiesel, vegetable oil-based printing inks, and other industrial products involves non-edible materials.
Recent News and Developments:
July 2022: ADM and Princes Limited's joint venture, Edible Oils Limited (EOL), unveiled a recently rebuilt bottling facility at its Erith location with a GBP 24 million investment (USD 28.9 million). In order to deliver oil to the factory, EOL rebuilt the oil tank farm and installed new cooking oil bottling lines as part of its investment programme at the Erith location.
April 2022: In France, Avril increased the capacity for crushing sunflower seeds and increased the production of sunflower oil and meal. Gaining more independence in terms of sunflower oil and oilseed meal is one of the main objectives of the project.
Senior Content Writer at Procurement Resource
Prakhar Panchbhaiya is an accomplished content writer and market research analyst. With over 4 years of experience in content creation and market analysis encompassing many industries, including pharmaceuticals, nutraceuticals, biochemistry, healthcare, ed-tech, and Food & Agriculture, he has been creating quality content for multiple sectors. He is a Biochemistry major with sturdy backing in a PG diploma in digital marketing, helping in the exhaustive content creation based on extensive research and competitive marketing.