Middle East Vegetable Oil Market Research Report: With a CAGR of 2.85%

Market Overview: Middle East Vegetable Oil Market

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Middle East Vegetable Oil Market Insights 2022-27

The Middle East Vegetable Oil Market is estimated to grow at a CAGR of around 2.85% during the forecast period 2022-27.

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Driving Innovation: Exploring the Middle East Vegetable Oil Market and its Key Drivers

Key Drivers: Rise in the Prevalence of Chronic Disease

With the increasing number of chronic diseases such as cancer, diabetes, heart disease, and kidney disorder in the region has positively impacted the demand for a healthy lifestyle. Some major countries with a large population, such as Saudi Arabia, Egypt, Turkey, etc., have reported an increase in chronic disease patients. According to the General Authority for Statistics, in Saudi Arabia, the total number of patients requiring dialysis was approximately 15,500 in 2015, which rose to nearly 20,000 in the year 2020. Consequently, the consumer is inclined toward adopting a healthy lifestyle as a remedy for curing gastrointestinal diseases, obesity, fatty liver disease, and gastroesophageal reflux disease (GERD).

In addition, the regular use of olive oil & other vegetable oils resulted in decreasing the risk for the development of cancer & obesity. Moreover, olive oil is helpful in increasing metabolism in obese consumers due to its phenolic composites, substances with antioxidant, anti-inflammatory, and anti-clotting properties, which help increase metabolic rate. Therefore, rising health consciousness amongst the consumers is driving the growth of the Vegetable Oil market.

Top Players in the Middle East Vegetable Oil Market:

-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

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Segmentation Analysis of Middle East Vegetable Oil Market

Middle East Vegetable Oil Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2022-27, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

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)

Of them all, Palm oil witnessed a considerable growth rate during the historical period as it is the most preferred oil by the residents of these countries, owing to its ease of availability & lower price among all the available vegetable oils.

By Application

-Food

-Feed

-Industrial

By Packaging

-Cans

-Bottles

-Pouches

-Others

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A Comprehensive Geographical Analysis:

By Country

-UAE

-Saudi Arabia

-Iran

-Qatar

-Kuwait

-Oman

-Bahrain

-Egypt

-Jordan

-The Syrian Arab Republic

-Israel

-Lebanon

-Others

Of all the regions, Egypt dominated the regional Vegetable Oil market in 2021, amassing a market share of more than 30% in the following year.

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About Us

MarkNtel Advisors is a leading market research company , consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.