The UAE Edible Oil Market is expecting around 2.5% CAGR during 2021-26, states MarkNtel Advisors in their recent research report. The rapidly increasing population & migrant influx in the country and growing awareness among people about the health benefits of edible oils are the prime aspects driving the market.
Besides, the expanding e-commerce sector is instigating the leading players in the market to offer digital platforms with an extensive range of products in different varieties. Moreover, increasing penetration of tourism and growing establishment of cafes, restaurants, & hotels, among others, are among other prominent consumers of edible oils, i.e., playing a crucial role in positively influencing the market growth, further states the research report, “UAE Edible Oil Market Analysis, 2021.”
Benefits of Vegetable Oil to Boost the Market Growth through 2026
Based on the Type, Vegetable Oil is anticipated to display the fastest growth of the UAE Edible Oil Market during the forecast period. The market growth attributes to the rapidly increasing demand for organic & healthy edible oils for cooking application entwined with factors like changing living standards, increasing inclination on organic vegetable oils, escalating health consciousness, etc., soaring the demand for Vegetable oils.
Besides, the growing demand for these oils in confectionery, especially for the production of candies, application of refined olive & coconut oil in bakeries, etc., shall also stimulate market growth in the coming years, reveals MarkNtel Advisors in their research report, "UAE Edible Oil Market Analysis, 2021."
According to MarkNtel Advisors, the leading players in the UAE Edible Oil Market are Iffco Group, Rafael Salgado S.A., Abu Dhabi Vegetable Oil, Co., Near East Olive Products, Cargill, Incorporated, Amira Nature Foods Ltd., Omani Vegetable Oils & Derivatives Co. LLC., AJWA Group, Archer-Daniels-Midland Company, & Sime Darby Plantation Berhad.
Key Questions Answered in the Study