South Korea Refined Sunflower Oil Market was valued at USD 0.2 Billion in 2022 and is projected to reach USD 0.4 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
The South Korea Refined Sunflower Oil Market has witnessed significant growth due to its increasing demand across multiple industries. From food processing to cosmetics, refined sunflower oil is becoming a staple ingredient. With the rise in health-conscious consumers, this oil, rich in polyunsaturated fats and Vitamin E, is now a preferred choice over other cooking oils.
One of the primary applications of refined sunflower oil in South Korea is within the food industry. Used extensively in cooking, frying, and food manufacturing, it offers a neutral taste and high smoke point, making it ideal for both home cooks and commercial kitchens. As South Korean consumers lean towards healthier food options, the demand for refined sunflower oil has surged due to its cardiovascular benefits and lower saturated fat content compared to traditional oils.
Another vital application is in the cosmetic and personal care industries. Refined sunflower oil is a common ingredient in skin care products due to its moisturizing properties. It is widely used in creams, lotions, and hair care products to promote hydration and provide antioxidant protection. Its non-comedogenic properties also make it a favorable choice for sensitive skin, further driving its use in beauty products.
The refined sunflower oil market is also seeing an uptick in demand from the biodiesel industry. As South Korea continues to push for more sustainable energy sources, refined sunflower oil is becoming a key raw material for biofuels. Its availability and relatively low cost make it an attractive option for biodiesel production, further diversifying its industrial use.
Industries have specific requirements when sourcing refined sunflower oil, including consistency in quality, odorless properties, and appropriate packaging. South Korean manufacturers often seek suppliers who can provide high-grade oil that meets stringent food safety regulations and industry standards. Packaging that maintains oil integrity and prevents oxidation is crucial, ensuring long shelf life for both food products and beauty items.
The future of the South Korea Refined Sunflower Oil Market looks promising as it continues to expand its reach across various sectors, driven by health trends and sustainability efforts. This oil’s versatile nature and range of applications make it indispensable to many industries, cementing its position in the South Korean market.
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Kernel
EFKO Group
Aston
KAISSA
Oliyar
COFCO
Beidahuang Group
Shandong Sanxing Group
Standard Food
Pology Oil
Wilmar
Adams Group
3F Industries
Agro-Afrique
MWC Oil
Gemini Edibles & Fats India
Mehsom
Victoriaoil
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Refined Sunflower Oil Market
Refined Sunflower Oil
Extra Light Refined Sunflower Oil
High Oleic Sunflower Oil
Organic Refined Sunflower Oil
Food Industry
Cosmetics and Personal Care Products
Pharmaceuticals
Animal Feed
Supermarkets/Hypermarkets
Convenience Stores
Online Retailers
Direct Sales
Bottles
Cans
Bulk Containers
Flexible Pouches
Households
Food Service Providers
Industrial Use
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Refined Sunflower Oil Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Refined Sunflower Oil Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Refined Sunflower Oil Market, By Type
6. South Korea Refined Sunflower Oil Market, By Application
7. South Korea Refined Sunflower Oil Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Refined Sunflower Oil Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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