The UAE Sunflower Oil Market is projected to grow at a CAGR of around 3.10% in the forecast period of 2022-27, reveals MarkNtel Advisors in their recent research report. The increasing awareness about healthy lifestyle, rising inclusion of nutritional supplements for improving internal organ functions, etc., have been driving forces for the adoption of sunflower oil into the daily lifestyle of the citizens. In addition, the burgeoning lifestyle disorders, such as the prevalence of obesity & overweight have been one of the prime factors attributing to the growth of the sunflower oil market in the UAE.
Further, the intake of sunflower oil can help in controlling obesity & overweight problems, as it contains low fatty acids compared to the other edible oil. In addition, the government has been taking various initiatives for the eradication of obesity which has also motivated the consumers to incline toward the consumption of sunflower oil. For instance, in 2019, the Ministry of Health and Prevention (MOHAP) announced to reduce childhood obesity & halt the prevalence of obesity among adults at the UAE Obesity Conference by developing a joint roadmap & promoting awareness for healthy lifestyles in the community.
Moreover, the use of sunflower oil has also been witnessed as a primary feedstock for the production of biodiesel. The higher concentration of oil content in the sunflower seeds & the capacity to produce around 600 pounds of oil per acre increase their share in the feedstock for producing biofuel. Hence, the expansion of biodiesel industries in the UAE has propelled the demand for sunflower oil in the market. Additionally, due to the antioxidants and beta-carotene, it contains, sunflower oil is also utilized in the cosmetic business & has seen an increase in demand from the sector for the production of eye creams, sun protection creams, anti-aging masks, etc.
Besides, the usage of sunflower oil in the production of cosmetics acts as a moisturizer & helps in hydrating the skin, unclogging the pores of the skin, and minimizing the sign of aging. Hence, the consumption of sunflower oil in the cosmetics industry, biodiesel industry, food industry, and households has augmented the growth of the sunflower oil market during the historical period in the UAE, further states the research report, "UAE Sunflower Oil Market Analysis, 2027."
Food Segment Acquired a Significant Share in the UAE Sunflower Oil Market
Based on the application, the market is divided into Food, Feed, and Industrial. Of them, the Food application grabbed a substantial share in the UAE Sunflower Oil market due to its surging application as a healthy & high-grade cooking oil in the food processing industries. In addition, the rising disposable income of the residents & changing consumer demands & preferences have led to a paradigm shift towards healthy food choices & eating habits. According to the Cleveland Hospital, Abu Dhabi, individuals who are less than 50 years of age experienced major cardiovascular issues in the last three years as of 2021.
Therefore, the urban, young, and educated individuals are more concerned & aware of their health & ultimately choose sunflower oil for their daily consumption. Additionally, rising chronic conditions like cardiovascular diseases, obesity, high blood pressure, and an increase in the level of bad cholesterol are the major causes that influence consumers' preferences for healthier food options & support the market for polyunsaturated sunflower oil in the nation, reveals MarkNtel Advisors in their research report, "UAE Sunflower Oil Market Analysis, 2022."
Leading Companies in the Market
The leading players in the UAE Sunflower Oil Market are Abu Dhabi Sunflower Oil, co., United Foods Company, Savola Group, IFFCO Group, Rafael Salgado S.A, Cargill Incorporated, Amira Nature Foods Ltd., Archer-Daniels –Midland Company, Sime Darby Plantation Berhad, and others.
Key Questions Answered in the Study