In 2023, sunflowerseed oil non-food uses in the US stood at 175.0 thousand metric tons. The forecast for 2024 to 2028 shows a steady increase, reaching 209.0 thousand metric tons by 2028. Year-on-year, there is an average growth rate of approximately 4.6% over this period, showcasing a consistent upward trend. The compound annual growth rate (CAGR) over the five years is projected to be around 3.6%.
Future trends to watch for include:
- Advancements in biofuel technologies potentially increasing the demand for sunflowerseed oil.
- Environmental regulations influencing the non-food oil market dynamics.
- Shifts in agricultural practices impacting sunflowerseed production.
