Middle East And Africa Edible Oils Market
Middle East and Africa Edible Oils Market - By Product (Palm Oil, Soybean Oil, Sunflower Oil, Rapeseed Oil, Olive Oil); By Packaging (Pouches, Jars, Cans, Bottles); By End Use (Domestic, Industrial, Food Service); By Country (Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, Rest of MEA), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
- Published Date: April 2023
- Report ID: BWC23278
- Available Format: PDF
- Page: 260
Report Overview
Rising oilseed production and a spurring demand for food items are projected to propel the expansion of Middle East and Africa edible oils market during the forecast period between 2023 and 2029.Middle East and Africa Edible Oils Market - Industry Trends & Forecast Report, 2029
Middle East and Africa edible oils market size was estimated at USD 5,133.27 million in 2022. During the forecast period between 2023 and 2029, the size of Middle East and Africa edible oils market is projected to grow at a CAGR of 7.45% reaching a value of USD 8,455.35 million by 2029. Major growth drivers for Middle East and Africa edible oils market include growing population, changing lifestyles, increasing health consciousness, and rising demand for convenience foods. Likewise, the market is also influenced by government initiatives and regulations aimed at promoting healthy eating habits and reducing the use of unhealthy cooking oils. Also, advances in technology have led to the development of new processing methods and techniques for producing healthier and more sustainable edible oils. Companies that are investing in R&D to introduce such products are likely to benefit in the market during the forecast period.
Middle East and Africa Edible Oils Market – Overview
Middle East and Africa edible oils market refers to the market for various types of edible oils that are widely used in cooking and food preparation in the Middle Eastern and African regions. The market includes oils such as palm oil, soybean oil, sunflower oil, canola oil, and others. Edible oils are a vital ingredient in the traditional cuisine of many countries in the region and are also used in the food processing industry for various applications. The market is driven by factors such as population growth, changing lifestyles, increasing health consciousness, and rising demand for convenience foods. The market is also influenced by government initiatives and regulations aimed at promoting healthy eating habits and reducing the use of unhealthy cooking oils.
Middle East and Africa Edible Oils Market
Growth Drivers
Rising Oilseed Production
Rising oilseed production is expected to have a positive impact on the expansion of the Middle East and Africa edible oils market. The region is seeing an increase in oilseed cultivation, particularly for crops such as soybeans, sunflower, and canola. This is due to the growing demand for edible oils in the region, as well as government initiatives aimed at promoting self-sufficiency in food production. Increased oilseed production will lead to a greater supply of raw materials for edible oil production, which will support the expansion of the market. This will also help to stabilize prices of edible oils, which can be affected by fluctuations in raw material prices. Furthermore, the expansion of oilseed cultivation can also create employment opportunities and contribute to the economic development of the region. This will be particularly beneficial for small-scale farmers who may be able to increase their income by diversifying their crops.
Restraints
High Volatility in Edible Oil Prices
High price volatility for edible oils could potentially have a negative impact on the market by reducing demand and leading to a decline in sales. Consumers may switch to cheaper alternatives or reduce their consumption of edible oils altogether, leading to a decrease in revenue for companies operating in the market. Also, high price volatility may make it difficult for companies to plan their production and pricing strategies, as they may struggle to accurately predict future prices and demand. This could lead to inefficiencies and higher costs, further impacting profitability.
Impact of COVID-19 on Middle East and Africa Edible Oils Market
COVID-19 had a detrimental effect on numerous industries, the edible oil market experienced a noteworthy surge during this time. The government-enforced lockdowns aimed at curbing the spread of the virus resulted in a heightened interest among the general populace in pursuing healthier diets. Many individuals are turning to health supplements to boost their immunity due to the prevalence of health-related issues. The growing emphasis on good health is expected to continue fueling market growth even after the pandemic subsides.
Middle East and Africa Edible Oils Market
Segmental Coverage
Middle East and Africa Edible Oils Market – By Product
By product, Middle East and Africa edible oils market is divided into Palm Oil, Soybean Oil, Sunflower Oil, Rapeseed Oil, and Olive Oil segments. The sunflower oil segment holds the highest share in the Middle East and Africa market. Sunflower oil is a popular cooking oil due to its neutral taste, high smoke point, and good nutritional profile. It is rich in vitamin E, which is an antioxidant that helps protect the body against oxidative damage. Additionally, sunflower oil is lower in saturated fats than some other types of cooking oils, making it a healthier option for consumers.
While palm oil has also gained popularity due to its lower price and affordability for low-income populations, technological advancements in packaging are attracting consumers. In addition, the Middle East and Africa region depends on imported oilseed and oils and fats to supplement domestic requirements, with palm oil consumption on the rise due to its application in various food products. Olive oil is also popular due to its ability to enhance the flavor of traditional Middle Eastern dishes and its health benefits. Soybean oil has dominated the market in the past, but exports of canola oil have increased in recent years.
Middle East and Africa Edible Oils Market – By Packaging
Based on packaging, Middle East and Africa edible oils market is divided into Pouches, Jars, Cans, and Bottles segments. The pouches segment held the highest share in the Middle East and Africa edible oils market by packaging. Flexible packaging such as pouches has gained popularity for edible oils in the Middle East and Africa region due to their convenience and affordability. Flexible packaging is lightweight, easy to handle, and requires less storage space, making it cost-effective for manufacturers and consumers. Additionally, pouches can be designed with features that preserve the quality of the oil, such as air-tight seals and UV protection.
Middle East and Africa Edible Oils Market – By End Use
Based on end use, the Middle East and Africa edible oils market is divided into Domestic, Industrial, and Food Service segments. The food services segment is expected to hold the highest share in the market during the forecast period. The use of edible oils in the food service sector is gaining popularity across the Middle East and Africa region. This is due to the rapid growth of the food service industry in the region, driven by the increase in urbanization, rising incomes, and changing dietary habits. The use of edible oils in the food service industry is also driven by the demand for convenience foods and the need for healthier and more sustainable cooking oils. Additionally, the increasing popularity of Middle Eastern and African cuisine around the world is also contributing to the growth of the food service industry in the region.
Middle East and Africa Edible Oils Market – By Region
The report on Middle East and Africa edible oils market covers major countries in the region: Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, and Rest of MEA. The largest markets in the region are Saudi Arabia, UAE, Qatar, and Kuwait. These countries have a high per capita consumption of edible oils, driven by the strong demand for cooking oils, particularly for frying and baking. The increasing popularity of fast food and convenience foods in these countries is also contributing to the growth of the edible oils market. In Africa, South Africa is the largest market for edible oils, followed by Nigeria and Algeria. However, the overall consumption of edible oils in Africa is relatively low compared to other regions, due to lower per capita incomes and limited access to modern retail channels. Nonetheless, the market is expected to grow in the coming years due to increasing urbanization, rising incomes, and changing dietary habits.
Competitive Landscape
Major players operating in Middle East and Africa edible oils market include Bunge Limited, ADM, Cargill, Incorporated, ACH Food Companies, Inc., Adani Group, SALAD OILS INTERNATIONAL CORPORATION, BORGES INTERNATIONAL GROUP, S.L., and Hebany Group. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2022 |
Base Year – 2022 |
|
Estimated Year – 2023 |
|
Forecast Period – 2023–2029 |
|
Facts Covered |
Revenue in USD Million |
Market Coverage |
Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, Rest of MEA |
Product/ Service Segmentation |
Product, Packaging, End Use, Country |
Key Players |
Bunge Limited, ADM, Cargill, Incorporated, ACH Food Companies, Inc., Adani Group, SALAD OILS INTERNATIONAL CORPORATION, BORGES INTERNATIONAL GROUP, S.L., Hebany Group |
By Product
-
Palm Oil
-
Soybean Oil
-
Sunflower Oil
-
Rapeseed Oil
-
Olive Oil
By Packaging
-
Pouches
-
Jars
-
Cans
-
Bottles
By End Use
-
Domestic
-
Industrial
-
Food Service
By Country
-
Saudi Arabia
-
UAE
-
Qatar
-
Kuwait
-
South Africa
-
Nigeria
-
Algeria
-
Rest of MEA
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- Middle East and Africa Edible Oils Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Rise in Oilseed Production
- Growth in Demand for Food
- Restraints
- High Price Volatility for Edible Oils
- Opportunities
- Increase in Trend of Microencapsulation Technology
- Challenges
- Impact on supply Chain Due to Covid
- Growth Drivers
- Technology Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Middle East and Africa Edible Oils Market Overview
- Market Size & Forecast, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Product
- Palm Oil
- Soybean Oil
- Sunflower Oil
- Rapeseed Oil
- Olive Oil
- Others
- By Packaging
- Pouches
- Jars
- Cans
- Bottles
- Others
- By End Use
- Domestic
- Industrial
- Food Service
- By Country
- Saudi Arabia
- UAE
- Qatar
- Kuwait
- South Africa
- Nigeria
- Algeria
- Rest of MEA
- By Product
- Market Size & Forecast, 2019–2029
- Saudi Arabia Edible Oils Market
- Market Size & Forecast, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Product
- By Packaging
- By End Use
- By Distribution Channel
- Market Size & Forecast, 2019–2029
- UAE Edible Oils Market
- Market Size & Forecast, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Product
- By Packaging
- By End Use
- By Distribution Channel
- Market Size & Forecast, 2019–2029
- Qatar Edible Oils Market
- Market Size & Forecast, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Product
- By Packaging
- By End Use
- By Distribution Channel
- Market Size & Forecast, 2019–2029
- Kuwait Edible Oils Market
- Market Size & Forecast, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Product
- By Packaging
- By End Use
- By Distribution Channel
- Market Size & Forecast, 2019–2029
- South Africa Edible Oils Market
- Market Size & Forecast, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Product
- By Packaging
- By End Use
- By Distribution Channel
- Market Size & Forecast, 2019–2029
- Nigeria Edible Oils Market
- Market Size & Forecast, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Product
- By Packaging
- By End Use
- By Distribution Channel
- Market Size & Forecast, 2019–2029
- Algeria Edible Oils Market
- Market Size & Forecast, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Product
- By Packaging
- By End Use
- By Distribution Channel
- Market Size & Forecast, 2019–2029
- Rest of MEA Edible Oils Market
- Market Size & Forecast, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Product
- By Packaging
- By End Use
- By Distribution Channel
- Market Size & Forecast, 2019–2029
- Competitive Landscape
- List of Key Players and Their Offerings
- Middle East and Africa Edible Oils Company Market Share Analysis, 2022
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Covid-19 on Middle East and Africa Edible Oils Market
- Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- Bunge Limited
- ADM
- Cargill, Incorporated
- ACH Food Companies, Inc.
- Adani Group
- SALAD OILS INTERNATIONAL CORPORATION
- BORGES INTERNATIONAL GROUP, S.L.
- Hebany Group
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumptions & Limitations
- Qualitative Research
*Financial information of case of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
Figure 1 Middle East and Africa Edible Oils Segmentation
Figure 2 Middle East and Africa Edible Oils Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 The Middle East & Africa Edible Oils Market Size, By Value (USD Million), 2019–2029
Figure 5 The Middle East & Africa Edible Oils Market Share, By Product, By Value, 2019–2029
Figure 6 The Middle East & Africa Edible Oils Market Share, By Packaging, By Value, 2019–2029
Figure 7 The Middle East & Africa Edible Oils Market Share, By End Use, By Value, 2019–2029
Figure 8 The Middle East & Africa Edible Oils Market Share, By Country, By Value, 2019–2029
Figure 9 Saudi Arabia Edible Oils Market Size, By Value (USD Million), 2019–2029
Figure 10 Saudi Arabia Edible Oils Market Share, By Product, By Value, 2019–2029
Figure 11 Saudi Arabia Edible Oils Market Share, By Packaging, By Value, 2019–2029
Figure 12 Saudi Arabia Edible Oils Market Share, By End Use, By Value, 2019–2029
Figure 13 UAE Edible Oils Market Size, By Value (USD Million), 2019–2029
Figure 14 UAE Edible Oils Market Share, By Product, By Value, 2019–2029
Figure 15 UAE Edible Oils Market Share, By Packaging, By Value, 2019–2029
Figure 16 UAE Edible Oils Market Share, By End Use, By Value, 2019–2029
Figure 17 Qatar Edible Oils Market Size, By Value (USD Million), 2019–2029
Figure 18 Qatar Edible Oils Market Share, By Product, By Value, 2019–2029
Figure 19 Qatar Edible Oils Market Share, By Packaging, By Value, 2019–2029
Figure 20 Qatar Edible Oils Market Share, By End Use, By Value, 2019–2029
Figure 21 Kuwait Edible Oils Market Size, By Value (USD Million), 2019–2029
Figure 22 Kuwait Edible Oils Market Share, By Product, By Value, 2019–2029
Figure 23 Kuwait Edible Oils Market Share, By Packaging, By Value, 2019–2029
Figure 24 Kuwait Edible Oils Market Share, By End Use, By Value, 2019–2029
Figure 25 South Africa Edible Oils Market Size, By Value (USD Million), 2019–2029
Figure 26 South Africa Edible Oils Market Share, By Product, By Value, 2019–2029
Figure 27 South Africa Edible Oils Market Share, By Packaging, By Value, 2019–2029
Figure 28 South Africa Edible Oils Market Share, By End Use, By Value, 2019–2029
Figure 29 Nigeria Edible Oils Market Size, By Value (USD Million), 2019–2029
Figure 30 Nigeria Edible Oils Market Share, By Product, By Value, 2019–2029
Figure 31 Nigeria Edible Oils Market Share, By Packaging, By Value, 2019–2029
Figure 32 Nigeria Edible Oils Market Share, By End Use, By Value, 2019–2029
Figure 33 Algeria Edible Oils Market Size, By Value (USD Million), 2019–2029
Figure 34 Algeria Edible Oils Market Share, By Product, By Value, 2019–2029
Figure 35 Algeria Edible Oils Market Share, By Packaging, By Value, 2019–2029
Figure 36 Algeria Edible Oils Market Share, By End Use, By Value, 2019–2029
Figure 37 Rest of MEA Edible Oils Market Size, By Value (USD Million), 2019–2029
Figure 38 Rest of MEA Edible Oils Market Share, By Product, By Value, 2019–2029
Figure 39 Rest of MEA Edible Oils Market Share, By Packaging, By Value, 2019–2029
Figure 40 Rest of MEA Edible Oils Market Share, By End Use, By Value, 2019–2029
List of Tables
Table 1 The Middle East & Africa Edible Oils Market Size, By Value (USD Million), 2019–2029
Table 2 The Middle East & Africa Edible Oils Market Size, By Product, By Value, 2019–2029
Table 3 The Middle East & Africa Edible Oils Market Size, By Packaging, By Value, 2019–2029
Table 4 The Middle East & Africa Edible Oils Market Size, By End Use, By Value, 2019–2029
Table 5 The Middle East & Africa Edible Oils Market Size, By Country, By Value, 2019–2029
Table 6 Saudi Arabia Edible Oils Market Size, By Value (USD Million), 2019–2029
Table 7 Saudi Arabia Edible Oils Market Size, By Product, By Value, 2019–2029
Table 8 Saudi Arabia Edible Oils Market Size, By Packaging, By Value, 2019–2029
Table 9 Saudi Arabia Edible Oils Market Size, By End Use, By Value, 2019–2029
Table 10 UAE Edible Oils Market Size, By Value (USD Million), 2019–2029
Table 11 UAE Edible Oils Market Size, By Product, By Value, 2019–2029
Table 12 UAE Edible Oils Market Size, By Packaging, By Value, 2019–2029
Table 13 UAE Edible Oils Market Size, By End Use, By Value, 2019–2029
Table 14 Qatar Edible Oils Market Size, By Value (USD Million), 2019–2029
Table 15 Qatar Edible Oils Market Size, By Product, By Value, 2019–2029
Table 16 Qatar Edible Oils Market Size, By Packaging, By Value, 2019–2029
Table 17 Qatar Edible Oils Market Size, By End Use, By Value, 2019–2029
Table 18 Kuwait Edible Oils Market Size, By Value (USD Million), 2019–2029
Table 19 Kuwait Edible Oils Market Size, By Product, By Value, 2019–2029
Table 20 Kuwait Edible Oils Market Size, By Packaging, By Value, 2019–2029
Table 21 Kuwait Edible Oils Market Size, By End Use, By Value, 2019–2029
Table 22 South Africa Edible Oils Market Size, By Value (USD Million), 2019–2029
Table 23 South Africa Edible Oils Market Size, By Product, By Value, 2019–2029
Table 24 South Africa Edible Oils Market Size, By Packaging, By Value, 2019–2029
Table 25 South Africa Edible Oils Market Size, By End Use, By Value, 2019–2029
Table 26 Nigeria Edible Oils Market Size, By Value (USD Million), 2019–2029
Table 27 Nigeria Edible Oils Market Size, By Product, By Value, 2019–2029
Table 28 Nigeria Edible Oils Market Size, By Packaging, By Value, 2019–2029
Table 29 Nigeria Edible Oils Market Size, By End Use, By Value, 2019–2029
Table 30 Algeria Edible Oils Market Size, By Value (USD Million), 2019–2029
Table 31 Algeria Edible Oils Market Size, By Product, By Value, 2019–2029
Table 32 Algeria Edible Oils Market Size, By Packaging, By Value, 2019–2029
Table 33 Algeria Edible Oils Market Size, By End Use, By Value, 2019–2029
Table 34 Rest of MEA Edible Oils Market Size, By Value (USD Million), 2019–2029
Table 35 Rest of MEA Edible Oils Market Size, By Product, By Value, 2019–2029
Table 36 Rest of MEA Edible Oils Market Size, By Packaging, By Value, 2019–2029
Table 37 Rest of MEA Edible Oils Market Size, By End Use, By Value, 2019–2029 Table 38 Bunge Limited Company Overview
Table 39 Bunge Limited Financial Overview
Table 40 ADM Company Overview
Table 41 ADM Financial Overview
Table 42 Cargill, Incorporated Company Overview
Table 43 Cargill, Incorporated Financial Overview
Table 44 ACH Food Companies, Inc. Company Overview
Table 45 ACH Food Companies, Inc. Financial Overview
Table 46 Adani Group Company Overview
Table 47 Adani Group Financial Overview
Table 48 SALAD OILS INTERNATIONAL CORPORATION Company Overview
Table 49 SALAD OILS INTERNATIONAL CORPORATION Financial Overview
Table 50 BORGES INTERNATIONAL GROUP, S.L. Company Overview
Table 51 BORGES INTERNATIONAL GROUP, S.L. Financial Overview
Table 52 Hebany Group Company Overview
Table 53 Hebany Group Financial Overview
Market Segmentation
To request a free sample copy of this report, please complete the form below.
We value your investment and offer free customization with every report to fulfil your exact research needs.
Frequently Asked Questions (FAQs):
RELATED REPORTS
WHY CHOOSE US
-
24/7 Research Support
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
-
Custom Research Service
Ask the Analyst to customize an exclusive study to serve your research needs
-
Quality & Accuracy
Ask the Analyst to customize an exclusive study to serve your research needs
-
Data Visualization
As the business world is changing dynamically every day. We need to stay pin point in relation to data management and optimum data utilization
-
Information security
We never share your personal and confidential information. Your personal information is safe and secure with us.