Middle East & Africa Cold Pressed Oil

Middle East & Africa Cold Pressed Oil Market Research Report: Forecast (2023-2028)

By Application (Cooking, Cosmetics & Personal Care), By Product Outlook (Coconut Oil, Palm Oil, Groundnut Oil, Rapeseed Oil, Soybean Oil, Others (Sunflower Oil, Castor Oil, etc.)), By Distribution Cha Read more

  • Food & Beverages
  • Nov 2022
  • 145
  • FB22050

Market Definition

Cold press abstraction is one of the mechanical extraction methods, which requires relatively less energy than other oil extraction methods. Cold-pressed oils are manufactured naturally or extracted by crushing sun-dried oil seeds or nuts such as coconut, sesame, castor, groundnut, sunflower, mustard, or olive at room temperature. Being a traditional oil extraction method, it does not involve any additional elements, preservatives, or heat, thereby retaining the original nutritional values.

Market Insights

The Middle East & Africa Cold Pressed Oil Market is projected to grow at a CAGR of around 4.0% during the forecast period, i.e., 2023-28. Such considerable market ascension primarily attributes to the rising consumer consciousness relating to holistic well-being owing to the growing health and fitness awareness digital campaigns across the region. As such, consumers are constantly looking for products that may promote better health, which, in turn, has compelled food brands to bring more transparent products, going past ingredients, free-from status, and nutritional levels. Such rising propensity has furthered the sales of cold-pressed oils, thereby bolstering the market revenue during the forecast period.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 4.0%
Country Covered The UAE, Saudi Arabia, Qatar, Egypt, Turkey, South Africa, Rest of the Middle East & Africa
Key Companies Profiled Pristine True Health, Silver Line Chemicals, Hearti Grub, Organic Delicacy, Happy Harvester, My Flavory, Faaz, Limmun Oil, Lulu Group International, Nature’s Way, Others.
Unit Denominations USD Million/Billion

 

Moreover, unlike hot-pressed, these oils downsize the adverse effects of high temperature and exhibit more enriching properties than refined oils as they are free from cholesterol or undesired solvent residues, promoting a healthy lifestyle. Besides, the environmental concern associated with the hot–pressed methods has again paved the way for the steady adoption of such sustainable and traditional extraction techniques, which, in turn, facilitates cold-pressed oil market expansion during the forecast period.

Apart from cooking, cold-pressed oils have also witnessed significant adoption in cosmetic and personal care products. It primarily attributes to the swift affinity for natural & herbal-based remedies for treating hair and skin issues. In fact, the market has received massive requirements for such kinds of oils by derma and medical products. These factors again seem to influence the market growth positively. Another factor likely to accelerate the market ascension during the forecast period is the large-scale adoption of cold-pressed oils in the numerous cuisines across the region.

Key Trends in the Middle East & Africa Cold Pressed Oil Market

  • Growing Consumer Affinity for Natural Ingredients Alongside Traditional Extraction Methods

The recent explosion in consumers’ interest in natural and organic ingredients has called for more organic, non-GMO, natural, minimally processed, fortified, heart-friendly oils by manufacturers. In fact, companies are using these claims to highlight their products' uniqueness in order to draw consumers' attention and, in turn, amplify their revenues. Cold-pressed oils furnish an all-natural flavor and aroma to numerous industries, including cosmetics, food & beverage, animal feed, and home care, thereby bolstering the market growth.

Market Segmentation

Based on Product Outlook,

  • Palm Oil
  • Coconut Oil
  • Groundnut Oil
  • Rapeseed Oil
  • Soybean Oil
  • Others (Sunflower Oil, Castor Oil, etc.)

Here, Palm Oil is expected to attain a sizable share of the Middle East & Africa Cold Pressed Oil Market in the forecast period. It primarily ascribes to its low trans-fat content and affordable price range compared to its counterparts. Besides, the unparalleled benefits of palm oils, in terms of promoting mental health and delaying aging signs, have also encouraged the wide adoption of these oils in cosmetics products across the region. However, the palm oil industry needs to synchronize its current sustainability and development strategies with ‘future-oriented’ beyond standards and certifications in order to successfully penetrate new markets in the Middle East and Africa region.

Regional Projection

Geographically, the Middle East & Africa Cold Pressed Oil Market expands across:

  • The UAE
  • Saudi Arabia
  • Qatar
  • Egypt
  • Turkey
  • South Africa
  • Rest of the Middle East & Africa

Among all, Saudi Arabia is anticipated to garner maximum attention during the forecast period, owing to the numerous advancements and projects proposed across the region. Saudi Arabia, witnessing the massive palm oil from Malaysia and Indonesia owing to their food industry requirements, is likely to emerge as an area of remunerative opportunity for market players seeking to make the most of these emerging needs. Besides, the widening sustainability vision across the region has called for more cold-pressed methods for extracting oils, particularly palm and olive oil. These goals comprise Saudi Arabia's vision 2030 for massive renewable energy production and the UAE’s Abu Dhabi Environment Vision 2030. The pet food and animal feed industry is the next big industry influencing the demand for cold-pressed edible oils such as palm oil, coconut oil, groundnut oil, rapeseed oil, sunflower oil, and many more in Middle-Eastern countries, primarily Saudi Arabia and the United Arab Emirates.

Recent Developments in the Middle East & Africa Cold Pressed Oil Market

  • LuLu Group International and the Malaysian Palm Oil Council have signed a Memorandum of Understanding(MoU) to boost Malaysia’s palm oil-based products adoption in the UAE by leveraging LuLu hypermarket’s retail network.
  • Concepta Ingredients which specializes in providing natural solutions for the food & beverage industry has participated for the first time in the most renowned food event, Gulfood Manufacturing, in Dubai, United Arab Emirates. The company, which recently expanded in Dubai, highlights the cold-pressed vegetable oils range, which contains products made from sunflower, sesame, linseed, and safflower, launched in November 2022.
  • Al Ghurair acquired (EOCD) Edible Oil Company LLC, a major multi-seed company. The goal is to expand its resources and business operations over Dubai and other Middle-Eastern countries.

Market Dynamics

Possible Restraint:  Need for Custom Equipment and Meticulous Techniques

Since cold-pressed oil production involves custom equipment and meticulous procedures, Vendors currently serving a specialized market are likely to witness a surge in production costs. This factor might compel the vendors to make a substantial shift in their strategies in order to sustain themselves in the market. The absence of appropriate and strategic planning might hinder the market growth during the forecast period.

Key Questions Answered in the Market Research Report:

  1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the Middle East & Africa Cold Pressed Oil Market?
  2. What are the country-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Middle East & Africa Cold Pressed Oil Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Middle East & Africa Cold Pressed Oil Market based on the competitive benchmarking matrix?
  5. What are the key results derived from surveys conducted during the Middle East & Africa Cold Pressed Oil Market study?

Frequently Asked Questions

A. The Middle East & Africa Cold Pressed Oil Market is projected to grow at a CAGR of around 4.0% during 2023-28.

A. Rising consumer consciousness relating to holistic well-being owing to the growing health and fitness awareness campaigns across the region are expected to drive the Middle East & Africa Cold Pressed Oil Market.

A. The top players in the Middle East & Africa Cold Pressed Oil Market are Pristine True Health, Silver Line Chemicals, Hearti Grub, Organic Delicacy, Happy Harvester, My Flavory, Faaz, Limmun Oil, Lulu Group International, Nature’s Way, Others.

A. ‘Palm Oil’ segment is anticipated to emerge as an area of remunerative opportunities for the leading players in the Middle East & Africa Cold Pressed Oil Market during the forecast period.

A. Saudi Arabia is anticipated to dominate the Middle East & Africa Cold Pressed Oil Market during 2023-28.

A. Growing consumer affinity for natural ingredients alongside traditional extraction methods, is the major trend likely to shape the growth of the Middle East & Africa Cold Pressed Oil Market in the coming years.

A. The need for custom equipment & meticulous techniques and additional production cost might hinder the growth of the Middle East & Africa Cold Pressed Oil Market during 2023-28.

  1. Market Segmentation
  2. Introduction
    1. Research Process
    2. Assumption
    3. Market Definition
  3. Executive Summary
  4. Impact of COVID-19 on Middle East & Africa Cold Pressed Oil Market
  5. Middle East & Africa Cold Pressed Oil Market Trends & Insights
  6. Middle East & Africa Cold Pressed Oil Market Dynamics
    1. Growth Drivers
    2. Challenges
  7. Middle East & Africa Cold Pressed Oil Market Hotspot and Opportunities
  8. Middle East & Africa Cold Pressed Oil Market Regulation & Policy, By Country
  9. Global Cold Pressed Oil Market Outlook, 2018- 2028
    1. Market Size and Analysis
      1. By Revenues (USD Million)
      2. By Volume (Million Tons)
  10. Middle East Cold Pressed Oil Market Outlook, 2018- 2028
    1. Market Size and Analysis
      1. By Revenues (USD Million)
      2. By Volume (Million Tons)
    2. Market Share and Analysis
      1. By Application
        1. Cooking
        2. Cosmetics & Personal Care
      2. By Product Outlook
        1. Coconut Oil
        2. Palm Oil
        3. Groundnut Oil
        4. Rapeseed Oil
        5. Soybean Oil
        6. Others (Sunflower Oil, Castor Oil, etc.)
      3. By Distribution Channels
        1. Offline
          1. Supermarket & Hypermarket
          2. Convenience Stores
          3. Departmental Stores
        2. Online
      4. By Country
        1. The UAE
        2. Saudi Arabia
        3. Qatar
        4. Egypt
        5. Turkey
        6. South Africa
        7. Rest of the Middle East & Africa
      5. Middle East & Africa Cold Pressed Oil Market, By Company
        1. Competition Characteristics
        2. Revenue Shares
  11. The UAE Cold Pressed Oil Market Outlook, 2018- 2028
    1. Market Size and Analysis
      1. By Revenues (USD Million)
      2. By Volume (Million Tons)
    2. Market Share and Analysis
      1. By Application
      2. By Product Outlook
      3. By Distribution Channel
  12. Saudi Arabia Cold Pressed Oil Market Outlook, 2018- 2028
    1. Market Size and Analysis
      1. By Revenues (USD Million)
      2. By Volume (Million Tons)
    2. Market Share and Analysis
      1. By Application
      2. By Product Outlook
      3. By Distribution Channel
  13. Qatar Cold Pressed Oil Market Outlook, 2018- 2028
    1. Market Size and Analysis
      1. By Revenues (USD Million)
      2. By Volume (Million Tons)
    2. Market Share and Analysis
      1. By Application
      2. By Product Outlook
      3. By Distribution Channel
  14. Egypt Cold Pressed Oil Market Outlook, 2018- 2028
    1. Market Size and Analysis
      1. By Revenues (USD Million)
      2. By Volume (Million Tons)
    2. Market Share and Analysis
      1. By Application
      2. By Product Outlook
      3. By Distribution Channel
  15. Turkey Cold Pressed Oil Market Outlook, 2018- 2028
    1. Market Size and Analysis
      1. By Revenues (USD Million)
      2. By Volume (Million Tons)
    2. Market Share and Analysis
      1. By Application
      2. By Product Outlook
      3. By Distribution Channel
  16. South Africa Cold Pressed Oil Market Outlook, 2018- 2028
    1. Market Size and Analysis
      1. By Revenues (USD Million)
      2. By Volume (Million Tons)
    2. Market Share and Analysis
      1. By Application
      2. By Product Outlook
      3. By Distribution Channel
  17. Middle East & Africa Cold Pressed Oil Market Key Strategic Imperatives for Success and Growth
  18. Competitive Outlook
    1. Competition Matrix
    2. Company Profiles
      1. Pristine True Health
      2. Silver Line Chemicals
      3. Hearti Grub
      4. Organic Delicacy
      5. Happy Harvester
      6. My Flavory
      7. Faaz
      8. Limmun Oil
      9. Lulu Group International
      10. Nature’s Way
  19. Disclaimer
Middle East & Africa Cold Pressed Oil Market - Segmentation Slide