The global sunflower oil market is projected to grow from $19.53 billion in 2021 to $29.59 billion in 2028 at a CAGR of 6.12% in the forecast period, 2021-2028. The rise in CAGA is attributable to this market’s demand and growth, returning to pr-pandemic levels once the pandemic is over. The increasing health and wellness trends among consumers have gradually shifted their focus towards fortified or nutrient – rich edible oils as well as Biodiesel. The rising trend of high-value food worldwide owing to rapid urbanization and improving education levels is likely to support the sunflower oil market growth.
Since the sunflower is highly rich in quality, investing in the sunflower oil business can be a great choice for budding entrepreneurs. We have earmarked Manyoni and Kilwa districts in Singida and Lindi regions respectively – Tanzania with the arable land area of 40,000 ha for the project.