The demand for sunflowerseed oil in the US has shown significant growth, rising from 144.0 thousand metric tons in 2014 to 282.0 thousand metric tons in 2023, marking a 2.55% year-on-year increase. The five-year compound annual growth rate (CAGR) stands at 2.44%. Notable spikes occurred in 2015 with an 80.56% increase, while a sharp drop was observed in 2016. The year 2023 saw a steady increase from 2022, with future forecasts predicting a CAGR of 1.78% from 2024 to 2028, reaching 316.15 thousand metric tons by 2028.
Future trends to watch for include the rising consumer preference for healthier and plant-based oils, potential shifts in agricultural policies affecting sunflower seeds, and global climatic changes impacting crop yields. The food industry’s continual innovation and demand for organic and non-GMO products may further drive sunflowerseed oil consumption.
