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  • What is the global sunflower oil market size?
  • Europe dominated the sunflower oil market with a market share of 33.62% in 2023. Moreover, the sunflower oil market size in the U.S. is projected to grow significantly, reaching an estimated value of USD 261.72 million by 2032, driven by growing utilization of the product in various culinary preparations, animal feed, and others.
  • Are sunflower seeds good for biodiesel?
  • Sunflower seeds have high oil content, and average yields can produce nearly 600 pounds of oil per acre, which is more than soybeans. This has led to the oil quickly gaining popularity as a feedstock crop for biodiesel production, as it can be grown easily and is profitable at both small farms and large-scale fields.
  • Are sunflower seeds a renewable fuel?
  • The increasing scarcity of fossil fuels has led to the switch to other alternative biofuels or biodiesel, made from vegetable oils as renewable fuels. Sunflower seeds have high oil content, and average yields can produce nearly 600 pounds of oil per acre, which is more than soybeans.
  • Why is the sunflower oil market growing?
  • The rising trend of high-value food worldwide owing to rapid urbanization and improving education levels is likely to support the Sunflower oil market growth. Furthermore, sunflower oil producers in the global market, especially from Asia Pacific, are developing novel products fortified with vitamin A and other nutrients.
  • How much sunflower oil is produced in 2022-23?
  • According to the National Sunflower Association, it is estimated that the U.S. sunflower oil production reached 252 metric tonnes in the marketing year 2022-23, an increase from 163 million tonnes in the marketing year 2019-20. The increasing sunflower oil production for culinary purposes is driving the market during the upcoming years.
  • Which region has the largest sunflower oil market share in 2020?
  • Europe in 2020 held the largest sunflower oil market share with USD 6.28 billion. The region is witnessing robust growth in the market, attributable to the rapid increase in this type of oil consumption. The high level of unsaturated fatty acids and the high smoke point drive its rapid utilization in the region.