Market Definition
Sunflower oil can be defined as fatty oil extracted from the seeds of the common sunflower and is used chiefly in foods, soaps, varnishes, and paints. Sunflower oil provides more Vitamin E than any other vegetable oil. It is a combination of monounsaturated & polyunsaturated fats with low saturated fat levels. The growth in health consciousness among the individuals in the UAE is contributing significantly to the rise in the sales of sunflower oil.
Market Insights
The UAE Sunflower Oil Market is anticipated to register around 3.10% CAGR in terms of quantity sold during the forecast period, i.e., 2022-27. The market growth of sunflower oil in the UAE experienced a moderate increase during the historical period on account of various health benefits associated with it & the growing utilization of healthy cooking oils in food processing industries. According to National Sunflower Association, the sunflower oil contains more Vitamin E as compared to any other edible oil & is valued for its subtle taste & frying benefits.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2017-20 |
| Base Year: 2021 | |
| Forecast Period: 2022-27 | |
| CAGR (2022-2027) | 3.10% |
| Key Companies Profiled | Abu Dhabi Vegetable Oil Company, United Foods Company, The 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 |
Moreover, high amounts of vitamins, polyunsaturated fatty acids, and monounsaturated fats help in preventing various illnesses & other risks. High-oleic sunflower oil is an ideal source of monounsaturated fatty acids used in maintaining cardiac health & good cholesterol in the body. Further, by the research conducted by Cleveland Clinic Abu Dhabi, more than half of the UAE residents have been affected by heart disease during their lifetime as of 2021.
Therefore, the rising consumption of sunflower oil would help in reducing the risks of coronary heart disease by lowering the bad cholesterol in the body. Hence, surging the demand for sunflower oil in the market. Besides, the rising government inclination boost tourism has a positive impact on the hospitality sector. The increasing presence of international hotel chain in the country is further projected to fuel the demand for sunflower oil in the forthcoming period. For instance, in 2021, The Dorchester Collection announced to open its first the Lana hotel in the Dubai, UAE by Q4 2022.
Key Trends in the UAE Sunflower Oil Market
Trans-fats increase the risk of cardiovascular diseases & type 2 diabetes by lowering the good cholesterol & increasing the bad cholesterol levels in the human body. The increase in heart diseases, diabetes, obesity, and high blood pressure in patients decreases the average life span by 10% to 20% in the UAE. In addition, about 36% of the deaths are caused due to cardiovascular diseases. According to Arab health 2020, about 10,000 people suffer heart stroke every year in the UAE, majorly due to lack of exercise, lifestyle, diabetes, and obesity. Therefore, the UAE government has imposed a partial ban on Trans-fats as it is the primary reason for health hazards that needs to be eliminated from edible oil. For instance:
