The sunflower seed oil market in France experienced fluctuating growth from 2014 to 2016, with a notable decrease in 2016. Beginning in 2017, the market recovered, showing consistent, albeit modest, growth. By 2023, the market size reached 403 thousand metric tons.
From 2022 to 2023, the year-on-year growth was a moderate 0.25%. The compound annual growth rate (CAGR) over the past five years, until 2023, was a slight 0.1%, indicating stable but slow growth. The forecast for the next five years (2024-2028) predicts a CAGR of 0.34%, suggesting a steady increase in market size, reaching 412 thousand metric tons by 2028.
Future trends to watch for:
- Increased consumer health awareness driving demand for healthier oil options.
- Technological advancements in production methods enhancing yield.
- Potential impacts of geopolitical and environmental factors on sunflower seed availability.
