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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global High Oleic Oil Market Analysis by Region
Countries such as Germany and France are amongst the key producers of sunflower seeds and the demand for high oleic sunflower oil from hybrid sunflower seeds is rising in the European market.
Rapeseed oil is commonly used as a feedstock for biodiesel production in EU as it mixes well even at a lower temperature when compared to other feedstocks and is a more suitable fuel for colder regions.
To meet the demand for high oleic oils, Asia Pacific highly depends on oil imported from Argentina, North America, and regions in the European Union, among others. High oleic soy oil is preferred for industrial use, to substitute partially hydrogenated vegetable oils and to produce processed foods such as snacks. Moreover, manufacturers in the region have developed organic high-quality sunflower oleic oil that lowers bad cholesterol level.
In North America, the demand for high oleic variety of canola has seen a robust demand in Canada. With the rising mandate for biodiesel, the demand for palm oil has been diverted in its application from leading oil producers such as Malaysia and Indonesia.
High Oleic Oil Market Report Snapshots
High Oleic Oil Market Regional Analysis
*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.*
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Key Questions Answered in the Report
The market attained a value of USD 5,998.6 million in 2023.
The market is projected to grow at a CAGR of 6.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 6,763.8 million by 2032.
The different types of oil include sunflower oil, canola/rapeseed oil, soybean oil, safflower oil, and others.
The key regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The sources include non-gm/conventional, GM, and organic certified.
The applications include food processing and biofuel, among others.
The key players in the market include Archer Daniels Midland Company, Cargill, Incorporated, Marbacher Ölmühle GmbH, Adams Group, and Colorado Mills LLC, among others.
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