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Argentina Sunflower Oil Market

Argentina Sunflower Oil Market Size, Share, Growth, Trends: By Type: Linoleic Oil, Mid-Oleic Oil, High-Oleic Oil; By Product Type: Processed, Virgin; By End Use: Food Services, Retail, Household, Others; By Distribution Channel: Hypermarkets/Supermarkets, Convenience Stores, Online Channel, Others; Competitive Landscape; 2024-2032

Argentina Sunflower Oil Market Size

The Argentina sunflower oil market reached approximately 3.14 MMT in 2023. The market is projected to grow at a CAGR of 2.7% between 2024 and 2032, reaching a volume of around 4.01 MMT by 2032.

 

Argentina Sunflower Oil Market Report Summary Description Value
Base Year MMT 2023
Historical period MMT 2018-2023
Forecast Period MMT 2024-2032
Market Size 2023 MMT 3.1
Market Size 2032 MMT 4.0
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 2.7%
CAGR 2024-2032 - Market by Type Virgin 3.0%
CAGR 2024-2032 - Market by Distribution Channel Online Channel 5.1%
Market Share by Distribution Channel Online Channel 9.8%

 

Argentina Sunflower Oil Market Outlook

  • In Argentina, an average of 3.17 MMT of sunflower seeds are crushed on an average basis, creating a flourishing market for sunflower oil.
  • As per the data by Oil World, the sunflower crop production was projected to be 4.2 to 4.5 million tons in early 2023.
  • Processed and virgin sunflower oil are expected to witness significant in the forecast period, growing at a CAGR of 2.5% and 3.0% respectively.
  • As per the industry reports in 2022, around 83 per cent of the sunflower crop is utilised for the production of oil in the country.

 

Argentina Sunflower Oil Market Growth

Growing health benefits of sunflower oil due to the presence of vitamin E, rising usage in biofuel, and favourable climatic conditions for the growth of sunflower in the country are some of the crucial market drivers. Sunflower oil is gradually being explored as a raw material for the production of biofuels due to the increasing emphasis on sustainable and renewable energy sources.

 

There is also a strong preference for high-quality, natural, and GMO-free sunflower oil products in Argentina, owing to the global trend towards healthier and more sustainable food choices. Moreover, businesses are investing in innovative packaging solutions that improve product shelf life and user experience, and appeal to health-conscious consumers.

 

Another prevalent trend in the market is the shift towards plant-based diets, which is boosting the demand for sunflower oil as a vegan, plant-derived oil. This change is especially noticeable among health-conscious consumers in the country.

 

Argentina Sunflower Oil Market

 

Argentina Sunflower Oil Industry Segmentation

“Argentina Sunflower Oil Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

 

Market Breakup by Type

  • Linoleic Oil
  • Mid-Oleic Oil
  • High-Oleic Oil

 

CAGR 2024-2032 - Market by Type
Virgin 3.0%
Processed XX%

 

Market Breakup by Product Type

  • Processed
  • Virgin

 

Market Breakup by End Use

  • Food Services
  • Retail
  • Household
  • Others

 

CAGR 2024-2032 - Market by Distribution Channel
Online Channel 5.1%
Hypermarkets/Supermarkets 2.9%
Convenience Stores XX%
Others XX%

 

Market Breakup by Distribution Channel

  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Online Channel
  • Others

 

Argentina Sunflower Oil Market Share

Based on end use, the market is divided into food services, retail, and household, among others. Food services account for a substantial market share as sunflower oil is widely used in food outlets such as restaurants and food chains, among others, due to its adaptability to various cuisines and multiple health benefits. It is the preferred choice for frying, baking, and various cooking methods in restaurants, fast food chains, and other food service establishments. Furthermore, it offers a cost-effective solution compared to other oils which boosts the segment expansion.

 

Market Share by Distribution Channel
Hypermarkets/Supermarkets XX%
Convenience Stores XX%
Online Channel 9.8%
Others XX%

 

Leading Companies in the Argentina Sunflower Oil Market

The market players are expanding their oil production capacities to meet the growing demand in the country.

 

  • Molinos Río de la Plata SA
  • Aceitera General Deheza S.A.
  • Cargill, Incorporated
  • VICENTIN S.A.I.C
  • COFCO International
  • Louis Dreyfus Company B.V.
  • Others

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Product Type
  • End Use
  • Distribution Channel
Breakup by Type
  • Linoleic Oil
  • Mid-Oleic Oil
  • High-Oleic Oil
Breakup by Product Type
  • Processed
  • Virgin
Breakup by End Use
  • Food Services
  • Retail
  • Household
  • Others
Breakup by Distribution Channel
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Online Channel
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Molinos Río de la Plata SA
  • Aceitera General Deheza S.A.
  • Cargill, Incorporated
  • VICENTIN S.A.I.C
  • COFCO International
  • Louis Dreyfus Company B.V.
  • Others

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Market Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Opportunities and Challenges in the Market
8    Latin America Sunflower Oil Market Overview

    8.1    Key Industry Highlights
    8.2    Latin America Sunflower Oil Historical Market (2018-2023) 
    8.3    Latin America Sunflower Oil Market Forecast (2024-2032)
9    Argentina Sunflower Oil Market Overview
    9.1    Key Industry Highlights
    9.2    Argentina Sunflower Oil Historical Market (2018-2023) 
    9.3    Argentina Sunflower Oil Market Forecast (2024-2032)
10    Argentina Sunflower Oil Market by Type
    10.1    Linoleic Oil
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Mid-Oleic Oil
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    High-Oleic Oil
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
11    Argentina Sunflower Oil Market by Product Type
    11.1    Processed
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Virgin
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
12    Argentina Sunflower Oil Market by End Use
    12.1    Food Services
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Retail
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Household
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Argentina Sunflower Oil Market by Distribution Channel
    13.1    Hypermarkets/Supermarkets
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    Convenience Stores
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Online Channel
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyers Powers 
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Molinos Río de la Plata SA  
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Aceitera General Deheza S.A.  
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Cargill, Incorporated 
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    VICENTIN S.A.I.C 
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    COFCO International 
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Louis Dreyfus Company B.V.  
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7     Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Latin America Sunflower Oil Market: Key Industry Highlights, 2018 and 2032 
2.    Argentina Sunflower Oil Market: Key Industry Highlights, 2018 and 2032 
3.    Argentina Sunflower Oil Historical Market: Breakup by Type (MMT), 2018-2023
4.    Argentina Sunflower Oil Market Forecast: Breakup by Type (MMT), 2024-2032
5.    Argentina Sunflower Oil Historical Market: Breakup by Product Type (MMT), 2018-2023 
6.    Argentina Sunflower Oil Market Forecast: Breakup by Product Type (MMT), 2024-2032
7.    Argentina Sunflower Oil Historical Market: Breakup by End Use (MMT), 2018-2023 
8.    Argentina Sunflower Oil Market Forecast: Breakup by End Use (MMT), 2024-2032
9.    Argentina Sunflower Oil Historical Market: Breakup by Distribution Channel (MMT), 2018-2023 
10.    Argentina Sunflower Oil Market Forecast: Breakup by Distribution Channel (MMT), 2024-2032
11.    Argentina Sunflower Oil Market Structure

Key Questions Answered in the Report

In 2023, the market reached an approximate volume of 3.14 MMT.

The Argentina sunflower oil market is estimated to grow at a CAGR of 2.7% between 2024 and 2032.

The market is estimated to witness a healthy growth during 2024-2032 to reach around 4.01 MMT by 2032.

The market is being driven due to growing health benefits of sunflower oil due to the presence of vitamin E, rising usage in biofuel, and favourable climatic conditions for the growth of sunflower.

The key trends aiding the market include a rising preference for high-quality, natural, and GMO-free sunflower oil products, a shift towards plant-based diets, and strategic partnerships between market players.

Based on type, market segmentations include linoleic oil, mid-oleic oil, and high-oleic oil.

Various end uses are food services, retail, and household, among others.

The major players in the market are Molinos Río de la Plata SA, Aceitera General Deheza S.A., Cargill, Incorporated, VICENTIN S.A.I.C, COFCO International, and Louis Dreyfus Company B.V., among others.

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