The domestic consumption of sunflower seed oil in the US is forecasted to rise steadily from 354.0 thousand metric tons in 2024 to 372.0 thousand metric tons by 2028. This represents a consistent year-on-year increase, with the compound annual growth rate (CAGR) over these five years reflecting a gradual upward trend. The pattern suggests robust demand for sunflower seed oil in food consumption amidst growing health consciousness among consumers. In 2023, the actual consumption stood slightly lower, marking an upward shift in the formative forecasted years following.
Future trends to watch for include:
- Continued consumer preference for healthier cooking oils.
- Potential market shifts due to changing dietary guidelines.
- The influence of agricultural yield and supply chain factors on consumption and pricing.