Overview of Middle East Vegetable Oil Market Size & Future Outlook
According to the latest report by MarkNtel Advisors, the Middle East Vegetable Oil Market size is estimated to grow at a CAGR of around 2.85% from 2022-2027. This report is designed to enhance user understanding and support informed decision-making by thoroughly analyzing key market shifts, identifying gaps, exploring emerging opportunities, and assessing industry trends and competitive challenges. By combining both qualitative and quantitative data, it offers a comprehensive overview, highlighting growth prospects and providing valuable insights into competitors, helping both established companies and new entrants navigate the current market landscape.
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What are the key drivers influencing the growth of the Middle East Vegetable Oil market?
This section provides a detailed analysis of the market drivers and factors is explored thoroughly below.
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 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.
How is the Middle East Vegetable Oil market segmented and what are the key factors within each segment?
The Middle East Vegetable Oil market has been further segmented into distinct categories. Analyzing growth within these segments allows you to identify niche opportunities, develop targeted strategies, and understand the variations in your core application areas and target markets.
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
- Feed
- Industrial
By Packaging
- Cans
- Bottles
- Pouches
- Others
By Country
- UAE
- Saudi Arabia
- Iran
- Qatar
- Kuwait
- Oman
- Bahrain
- Egypt
- Jordan
- The Syrian Arab Republic
- Israel
- Lebanon
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Who are the Key Market Players in the Middle East Vegetable Oil industry?
The competitive landscape of the Middle East Vegetable Oil market provides a detailed look at the key players in the industry. This includes an overview of each company, their financial performance, revenue generation, and market potential. It also covers their investments in R&D, new market initiatives, production facilities, and strengths and weaknesses. Additionally, the analysis looks at recent product launches, approvals, the range of products offered, their dominance in different applications, and the product life cycle. All of this information is specifically focused on how each company is positioning itself within the market.
Several key players are actively operating in the market, including
- 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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