India Sunflower Oil Market 2023 | Industry Size, Demand, Growth and Forecast 2028

According to the latest report by IMARC Group, titled, “India Sunflower Oil Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The India sunflower oil market is expected to exhibit a growth rate (CAGR) of 7.3% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Sunflower or Helianthus is a widely cultivated crop, popular for its seeds, flower, and oil extraction. Sunflower oil is obtained from the sunflower plant seeds and is one of the most consumed edible oils across India. It is rich in oleic acid, linoleic acid, and other essential nutrients that lower bad cholesterol levels in the human body. It is generally used as a cooking and frying oil in a wide variety of cuisines. Sunflower oil also finds application in manufacturing vegan mayonnaise, cheese, spreads, and cosmetic products. Besides this, the domestic production of the oil is limited in the country, making Ukraine the largest exporter of sunflower oil to India.

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India Sunflower Oil Market Trends:

The market is primarily driven by increasing consciousness about health and wellness among consumers. In addition, the numerous health benefits associated with the consumption of sunflower oil, along with its high heating point, is significantly increasing their demand across the country. Sunflower oil improves the immune system, reduces cholesterol and enhances heart health. Besides this, rapid urbanization and fast-paced lifestyles have resulted in unhealthy eating habits of individuals.

As a result, they are shifting to edible oils like sunflower oil fortified with essential vitamins and minerals to support healthy bodily functions and reduce the chances of chronic diseases like cardiovascular disorders and obesity. This is creating positive opportunities for the leading players operative in the industry. Moreover, key manufacturers are developing vegan products derived from sunflower oil, thus propelling their demand among the vegetarian and vegan populace. These factors are expected to provide a favourable market outlook in the near future.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

Linoleic
Mid Oleic
High Oleic

Breakup by Packaging Type:

Pouches
Jars
Cans
Bottles

Breakup by Pack Size:

Less than 1 Litres
1 Litres
1 Litres – 5 litres
5 Litres – 10 Litres
10 Litres and Above

Breakup by Domestic Manufacturing/Imports:

Domestic Manufacturing
Imports

Breakup by Application:

Household Cooking
HoReCa
Food Processing Industry
Personal Care Industry
Other Industrial Uses

Breakup by Distribution Channel:

Direct/Institutional Sales
Supermarkets and Hypermarkets
Convenience Stores
Online
Others

Breakup by Region:

North India
West and Central India
East India
South India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key Highlights of the Report:

Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

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