The forecast for the non-food use of sunflower seed oil in India predicts steady growth from 2024 to 2028. Starting at 232 thousand metric tons in 2024, the consumption is expected to rise to 258 thousand metric tons by 2028. This reflects a consistent annual increase, indicating a robust demand in non-food sectors such as industrial applications and cosmetics.
The consumption in 2023 was slightly below the 2024 forecast, showcasing a positive trend. The year-on-year growth from 2024 to 2025 is projected at 3.02%, and similar subsequent annual increases highlight a stable market environment. The compound annual growth rate over these five years is approximately 2.66%, indicating a healthily rising demand for industrial sunflower seed oil use.
Future trends to watch for include:
- Expanding industrial applications of sunflower seed oil.
- Innovations in production methods to enhance output and sustainability.
- Potential global influences such as regulatory changes or shifts in raw material availability.