Middle East Vegetable Oil

Middle East Vegetable Oil Market Research Report: Forecast (2022-27)

By Type of Oil (Palm, Soybean, Sunflower, Coconut, Olive, Corn Oil, Linseed, Mustard, Sesame , Others (peanut, cotton, pumpkin seed oil, canola, grape seed, rice bran, hazelnut)) By Application (Food, Read more

  • Food & Beverages
  • May 2022
  • 167
  • FB10215

Market Definition

Vegetable oils are mild, odorless, flavorless, light-colored edible oils used for cooking, frying, and making salad dressings. Vegetable oils are a group of fats derived from several seeds, nuts, cereal grains, and fruits. They are used mainly in food & feed items. Due to a growing health consciousness in the Middle East, the demand for vegetable oil is on the rise at an exponential rate.

Market Insights

The Middle East Vegetable Oil Market is anticipated to register around 2.85% CAGR in terms of quantity sold during the forecast period, 2022-27. The Middle East Vegetable Oil market has shown a notable demand for vegetable oils such as palm oil, mustard oil, olive oil, etc., over the past few years, due to the increased awareness about the health benefits of vegetable oils, such as preventing vitamin deficiency, lowering blood pressure, lowering cholesterol levels, etc. Additionally, the growing inclination toward the usage of palm oil has led giant companies such as Savola Group to sign agreements to increase the imports of palm oil in the Middle East countries such as the UAE, and Saudi Arabia, among others.

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR 2.85%
Country Covered UAE, Saudi Arabia, Iran, Qatar, Kuwait, Oman, Bahrain, Egypt, Jordan, The Syrian Arab Republic, Israel, Lebanon, Others
Key Companies Profiled Near East Olive Product, Abu Dhabi Vegetable 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
Unit Denominations USD Million/Billion

 

Furthermore, the rise in inbound tourism resulted in an increase in hotel construction activities, which is expected to generate substantial demand for food, thereby boosting the revenue growth of the Vegetable Oil market in the Middle East. For instance, the Saudi Arabia Government announced to welcome around 30 million Umrah visitors every year by 2030.

Moreover, the rising number of expatriates in the region has urged the need for housing. For this, the government of countries such as Qatar, Saudi Arabia, etc., are increasingly floating tenders to build up residential areas in the countries. For instance:

  • In 2022, the government of Qatar signed a tender for the construction of around 19-storey residential buildings in the country.

Key Trends in the Middle East Vegetable Oil Market

  • Fortification of Edible Oil to Improve Vitamin & Minerals Efficiency  

Fortification of edible oil such as olive, palm, and soybean is done to improve the efficiency of vitamin A in the oil. Fortified edible oil has numerous functional benefits, such as brain health, anti-aging, and vitamin A, owing to its low trans-fat content & affordable prices. Thus, the demand for fortified edible oils in the Middle East has increased.

Furthermore, the fortification of edible oils & fats with vitamin A & D is an effective technique to provide micronutrients to the human body. Hence, fortified oil helps to provide nearly 25% to 30% of the nutritional value for vitamins A & D. These oils are manufactured & consumed primarily to control the problem of undernourishment. Thus, these have been gaining significant momentum across the region in recent years.

Impact of COVID-19 on the Middle East Vegetable Oils Market

With the advent of COVID-19 in 2020, most countries in the Middle East, being import-driven, faced supply shortages of vegetable oil due to the disruption in the logistics & transportation, which, in turn, led to a significant price hike & adversely impacted its demand. Besides, the demand for vegetable oil is induced mainly by the residential sector for cooking purposes, and it was marginal among restaurants, food outlets, cafes, hotels, etc. It was attributed principally to stringent movement restrictions & lockdown imposed by the governments of Saudi Arabia, Oman, Egypt, etc., during March-June 2020, which reduced social gatherings at restaurants, hotels, etc., and, consequently, catering services.

Hence, this turndown in catering services led to a significant decline in the demand for vegetable oil across the region. Furthermore, with the ease of restrictions, the revived supply chain of vegetable oil in the Middle East facilitated smooth imports from countries like Russia, Turkey, Morocco, etc. Hence, this leads to substantial market growth during the forecast period.

  1. Introduction
    1. Market Segmentation
    2. Product Definition
    3. Research Process
    4. Assumptions
  2. Executive Summary
  3. Impact of COVID-19 on the Middle East Vegetable Oil Market
  4. Middle East Vegetable Oil Market Policies, Regulations, Product Standards
  5. Middle East Vegetable Oil Market Trends & Insights
  6. Middle East Vegetable Oil Market Dynamics
    1. Impact Analysis
    2. Growth Drivers
    3. Challenges
  7. Middle East Vegetable Oil Market Hotspot & Opportunities
  8. Middle East Vegetable Oil Market Key Strategic Imperatives for Success & Growth
  9. Middle East Vegetable Oil Production Outlook, By Country
    1. Production in Metric Tons
      1. UAE
      2. Saudi Arabia
      3. Qatar
      4. Kuwait
      5. Oman
      6. Bahrain
      7. Egypt
      8. Jordan
      9. The Syrian Arab Republic
      10. Israel
      11. Lebanon
  10. Middle East Vegetable Oil Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenue (USD Million)
      2. By Quantity Sold (Metric Ton)
    2. Market Share & Analysis
      1. By Type of Oil
        1. Palm
        2. Soybean
        3. Sunflower
        4. Coconut
        5. Olive
        6. Corn Oil
        7. Linseed
        8. Mustard
        9. Sesame
        10. Others (peanut, cotton, pumpkin seed oil, canola, grape seed, rice bran, hazelnut)
      2. By Application
        1. Food
        2. Feed
        3. Industrial
      3. By Packaging
        1. Cans
        2. Bottles
        3. Pouches
        4. Others
      4. By Country
        1. UAE
        2. Saudi Arabia
        3. Iran
        4. Qatar
        5. Kuwait
        6. Oman
        7. Bahrain
        8. Egypt
        9. Jordan
        10. The Syrian Arab Republic
        11. Israel
        12. Lebanon
        13. Others
      5. By Company
        1. Competition Characteristics
        2. Market Share of Leading Players
  11. UAE Vegetable Oil Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenue (USD Million)
      2. By Quantity Sold (Metric Ton)
    2. Market Share & Analysis
      1. By Type of Oil
      2. By Application
      3. By Packaging
  12. Saudi Arabia Vegetable Oil Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenue (USD Million)
      2. By Quantity Sold (Metric Ton)
    2. Market Share & Analysis
      1. By Type of Oil
      2. By Application
      3. By Packaging
  13. Iran Vegetable Oil Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenue (USD Million)
      2. By Quantity Sold (Metric Ton)
    2. Market Share & Analysis
      1. By Type of Oil
      2. By Application
      3. By Packaging
  14. Qatar Vegetable Oil Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenue (USD Million)
      2. By Quantity Sold (Metric Ton)
    2. Market Share & Analysis
      1. By Type of Oil
      2. By Application
      3. By Packaging
  15. Kuwait Vegetable Oil Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenue (USD Million)
      2. By Quantity Sold (Metric Ton)
    2. Market Share & Analysis
      1. By Type of Oil
      2. By Application
      3. By Packaging
  16. Oman Vegetable Oil Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenue (USD Million)
      2. By Quantity Sold (Metric Ton)
    2. Market Share & Analysis
      1. By Type of Oil
      2. By Application
      3. By Packaging
  17. Bahrain Vegetable Oil Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenue (USD Million)
      2. By Quantity Sold (Metric Ton)
    2. Market Share & Analysis
      1. By Type of Oil
      2. By Application
      3. By Packaging
  18. Egypt Vegetable Oil Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenue (USD Million)
      2. By Quantity Sold (Metric Ton)
    2. Market Share & Analysis
      1. By Type of Oil
      2. By Application
      3. By Packaging
  19. Jordan Vegetable Oil Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenue (USD Million)
      2. By Quantity Sold (Metric Ton)
    2. Market Share & Analysis
      1. By Type of Oil
      2. By Application
      3. By Packaging
  20. Israel Vegetable Oil Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenue (USD Million)
      2. By Quantity Sold (Metric Ton)
    2. Market Share & Analysis
      1. By Type of Oil
      2. By Application
      3. By Packaging
  21. Lebanon Vegetable Oil Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenue (USD Million)
      2. By Quantity Sold (Metric Ton)
    2. Market Share & Analysis
      1. By Type of Oil
      2. By Application
      3. By Packaging
  22. Syria Vegetable Oil Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenue (USD Million)
      2. By Quantity Sold (Metric Ton)
    2. Market Share & Analysis
      1. By Type of Oil
      2. By Application
      3. By Packaging
  23. Company Profiles
    1. Near East Olive Product
    2. Abu Dhabi Vegetable oil, Co.
    3. United Foods Company
    4. Savola Group
    5. IFFCO Group
    6. Rafael Salgado S.A
    7. Cargill Incorporated
    8. Amira Nature Foods Ltd.
    9. Archer-Daniels –Midland Company
    10. Sime Darby Plantation Berhad
  24. Disclaimer
 Middle East Vegetable Oil Market Segmentation
*This field is required