Product Code: ETC224971 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Sri Lanka Sunflower Oil Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 12.37% in 2025, climbs to a high of 13.30% in 2026, and moderates to 0.11% by 2029.
By 2027, Sri Lanka's Sunflower Oil market is forecasted to achieve a high growth rate of 12.19%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.
The Sri Lanka sunflower oil market is experiencing steady growth driven by factors such as increasing health consciousness among consumers, growing awareness of the benefits of sunflower oil, and a rising demand for healthier cooking oils. Sunflower oil is preferred for its high smoke point, neutral flavor, and rich content of Vitamin E. The market is characterized by intense competition among local and international brands, with key players focusing on product innovation, quality, and marketing strategies to gain a competitive edge. The market is also witnessing a shift towards organic and cold-pressed sunflower oil variants, catering to the evolving preferences of health-conscious consumers. Overall, the Sri Lanka sunflower oil market presents opportunities for further growth, supported by changing consumer preferences and a growing emphasis on healthy eating habits.
The Sunflower Oil market in Sri Lanka is witnessing several key trends. One prominent trend is the increasing consumer preference for healthier cooking oils, leading to a growing demand for sunflower oil due to its high oleic content and health benefits. Another trend is the rising popularity of sunflower oil as a versatile ingredient in various cuisines, driving its usage in both households and the food service industry. Additionally, the market is seeing a shift towards sustainable and ethically sourced sunflower oil products, with consumers becoming more conscious of environmental and social factors. Manufacturers are responding to these trends by introducing organic, non-GMO, and locally produced sunflower oil variants to cater to the evolving consumer preferences in Sri Lanka.
In the Sri Lankan sunflower oil market, challenges include fluctuating global prices impacting local pricing strategies, competition from other cooking oils like palm oil and coconut oil, consumer perception of sunflower oil as a less traditional option compared to coconut oil, and concerns over adulteration and counterfeit products. Additionally, the reliance on imported sunflower oil due to limited domestic production capacity adds to the market`s vulnerability to external factors such as currency exchange rates and trade regulations. Meeting quality standards and ensuring supply chain transparency are also key challenges faced by market players. Overall, navigating these challenges requires strategic pricing, effective marketing campaigns to educate consumers, investments in quality control measures, and efforts to promote domestic sunflower cultivation for a more sustainable supply chain.
Investment opportunities in the Sri Lankan sunflower oil market include investing in sunflower oil production facilities, as the demand for healthier cooking oils is increasing due to growing health consciousness among consumers. Additionally, investing in distribution networks and marketing strategies to reach a wider consumer base can be lucrative. Another potential opportunity is to explore the possibilities of organic sunflower oil production to cater to the niche market of health-conscious and environmentally conscious consumers. With Sri Lanka`s favorable climate for sunflower cultivation and the government`s support for agriculture, investing in the sunflower oil market holds promise for investors looking to capitalize on the country`s growing food industry and shifting consumer preferences towards healthier cooking options.
The Sri Lankan government has implemented various policies to support the sunflower oil market in the country. These policies include import tariffs on sunflower oil to protect local producers, subsidies to promote sunflower cultivation, and quality control measures to ensure the safety and standards of sunflower oil products. Additionally, the government has encouraged research and development initiatives to enhance the productivity and quality of sunflower oil production. Overall, these policies aim to boost domestic production, reduce reliance on imports, and ensure a stable supply of high-quality sunflower oil in the Sri Lankan market.
The future outlook for the Sri Lanka Sunflower Oil Market appears promising, driven by increasing consumer awareness of the health benefits associated with sunflower oil consumption. With a growing emphasis on healthy eating habits and the shift towards natural and organic food products, the demand for sunflower oil is expected to rise. Additionally, the versatility of sunflower oil in various culinary applications, along with its relatively neutral flavor profile, makes it a popular choice among consumers. Furthermore, the rising disposable incomes and changing lifestyles in Sri Lanka are likely to boost the demand for sunflower oil in the coming years. Overall, the market is anticipated to witness steady growth as manufacturers continue to innovate and introduce new product variants to cater to evolving consumer preferences.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Sri Lanka Sunflower Oil Market Overview |
3.1 Sri Lanka Country Macro Economic Indicators |
3.2 Sri Lanka Sunflower Oil Market Revenues & Volume, 2021 & 2031F |
3.3 Sri Lanka Sunflower Oil Market - Industry Life Cycle |
3.4 Sri Lanka Sunflower Oil Market - Porter's Five Forces |
3.5 Sri Lanka Sunflower Oil Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Sri Lanka Sunflower Oil Market Revenues & Volume Share, By Packaging Type, 2021 & 2031F |
3.7 Sri Lanka Sunflower Oil Market Revenues & Volume Share, By Pack Size, 2021 & 2031F |
3.8 Sri Lanka Sunflower Oil Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Sri Lanka Sunflower Oil Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Sri Lanka Sunflower Oil Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of sunflower oil |
4.2.2 Growing demand for healthier cooking oils in Sri Lanka |
4.2.3 Rise in disposable income leading to higher purchasing power for sunflower oil |
4.3 Market Restraints |
4.3.1 Fluctuating prices of sunflower oil in the global market |
4.3.2 Competition from other cooking oils like palm oil and coconut oil in Sri Lanka |
4.3.3 Impact of weather conditions on sunflower oil production |
5 Sri Lanka Sunflower Oil Market Trends |
6 Sri Lanka Sunflower Oil Market, By Types |
6.1 Sri Lanka Sunflower Oil Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Sri Lanka Sunflower Oil Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Sri Lanka Sunflower Oil Market Revenues & Volume, By Linoleic, 2021 - 2031F |
6.1.4 Sri Lanka Sunflower Oil Market Revenues & Volume, By Mid Oleic, 2021 - 2031F |
6.1.5 Sri Lanka Sunflower Oil Market Revenues & Volume, By High Oleic, 2021 - 2031F |
6.2 Sri Lanka Sunflower Oil Market, By Packaging Type |
6.2.1 Overview and Analysis |
6.2.2 Sri Lanka Sunflower Oil Market Revenues & Volume, By Pouches, 2021 - 2031F |
6.2.3 Sri Lanka Sunflower Oil Market Revenues & Volume, By Jars, 2021 - 2031F |
6.2.4 Sri Lanka Sunflower Oil Market Revenues & Volume, By Cans, 2021 - 2031F |
6.2.5 Sri Lanka Sunflower Oil Market Revenues & Volume, By Bottles, 2021 - 2031F |
6.3 Sri Lanka Sunflower Oil Market, By Pack Size |
6.3.1 Overview and Analysis |
6.3.2 Sri Lanka Sunflower Oil Market Revenues & Volume, By Less than 1 Litres, 2021 - 2031F |
6.3.3 Sri Lanka Sunflower Oil Market Revenues & Volume, By 1 Litres, 2021 - 2031F |
6.3.4 Sri Lanka Sunflower Oil Market Revenues & Volume, By 1 Litres - 5 litres, 2021 - 2031F |
6.3.5 Sri Lanka Sunflower Oil Market Revenues & Volume, By 5 Litres - 10 Litres, 2021 - 2031F |
6.3.6 Sri Lanka Sunflower Oil Market Revenues & Volume, By 10 Litres and Above, 2021 - 2031F |
6.4 Sri Lanka Sunflower Oil Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Sri Lanka Sunflower Oil Market Revenues & Volume, By Household Cooking, 2021 - 2031F |
6.4.3 Sri Lanka Sunflower Oil Market Revenues & Volume, By HoReCa, 2021 - 2031F |
6.4.4 Sri Lanka Sunflower Oil Market Revenues & Volume, By Food Processing Industry, 2021 - 2031F |
6.4.5 Sri Lanka Sunflower Oil Market Revenues & Volume, By Personal Care Industry, 2021 - 2031F |
6.4.6 Sri Lanka Sunflower Oil Market Revenues & Volume, By Other Industrial Uses, 2021 - 2031F |
6.5 Sri Lanka Sunflower Oil Market, By Distribution Channel |
6.5.1 Overview and Analysis |
6.5.2 Sri Lanka Sunflower Oil Market Revenues & Volume, By Direct/Institutional Sales, 2021 - 2031F |
6.5.3 Sri Lanka Sunflower Oil Market Revenues & Volume, By Supermarkets and Hypermarkets, 2021 - 2031F |
6.5.4 Sri Lanka Sunflower Oil Market Revenues & Volume, By Convenience Stores, 2021 - 2031F |
6.5.5 Sri Lanka Sunflower Oil Market Revenues & Volume, By Online, 2021 - 2031F |
6.5.6 Sri Lanka Sunflower Oil Market Revenues & Volume, By Others, 2021 - 2031F |
7 Sri Lanka Sunflower Oil Market Import-Export Trade Statistics |
7.1 Sri Lanka Sunflower Oil Market Export to Major Countries |
7.2 Sri Lanka Sunflower Oil Market Imports from Major Countries |
8 Sri Lanka Sunflower Oil Market Key Performance Indicators |
8.1 Consumer preference for sunflower oil over other cooking oils |
8.2 Adoption rate of sunflower oil in households and food service establishments |
8.3 Trends in per capita consumption of sunflower oil in Sri Lanka |
9 Sri Lanka Sunflower Oil Market - Opportunity Assessment |
9.1 Sri Lanka Sunflower Oil Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Sri Lanka Sunflower Oil Market Opportunity Assessment, By Packaging Type, 2021 & 2031F |
9.3 Sri Lanka Sunflower Oil Market Opportunity Assessment, By Pack Size, 2021 & 2031F |
9.4 Sri Lanka Sunflower Oil Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 Sri Lanka Sunflower Oil Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Sri Lanka Sunflower Oil Market - Competitive Landscape |
10.1 Sri Lanka Sunflower Oil Market Revenue Share, By Companies, 2024 |
10.2 Sri Lanka Sunflower Oil Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |