Middle East Vegetable Oil Market Insights: Opportunities, Trends, Demand, Growth Outlook [2022-2027]

MarkNtel Advisors analyses the growth rate of the Middle East Vegetable Oil market in the forecast period from 2022 to 2027. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the Middle East Vegetable Oil market, helping them make informed decisions.

Market Outlook – 2022-2027:

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.

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Key Company Profiles

This report explores recent significant developments in the Middle East Vegetable Oil Market, focusing on the leading companies and their innovative profiles. The major players in the Middle East Vegetable Oil Market, featured in this report, include:

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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Market Segmentation Coverage

This research report by MarkNtel Advisors categorizes the Middle East Vegetable Oil Market to forecast revenues and analyse trends across each of the following sub-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)

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
By Country
- UAE
- Saudi Arabia
- Iran
- Qatar
- Kuwait
- Oman
- Bahrain
- Egypt
- Jordan
- The Syrian Arab Republic
- Israel
- Lebanon
- Others

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 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.

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Key Questions Addressed:

Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors' market entry or exit decisions?

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