Explore Middle East Vegetable Oil Market | Growth, Demand & Competitive Analysis

MarkNtel Advisors recently published a detailed industry analysis of The Middle East Vegetable Oil Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Middle East Vegetable Oil Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 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.

Key Findings in Middle East Vegetable Oil Market:

• Historical Analysis: 2017–2020
• Base Year: 2021
• Forecast Period: 2022–2027

Leading Market Players- 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

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

What are the major Driver the Middle East Vegetable Oil industry?

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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What segments define The Middle East Vegetable Oil Market from 2022to 2027? How do these segments contribute to market dynamics and growth?

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)

According to report, 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

According to report, Among them, the Food segment grabbed the highest market share in 2021.

By Packaging

• Cans
• Bottles
• Pouches
• Others

Explore the Complete Middle East Vegetable Oil Market Analysis Report – https://www.marknteladvisors.com/research-library/middle-east-vegetable-oil-market.html

Geographical Analysis: Middle East Vegetable Oil Market

By Country

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

Middle East Vegetable Oil Market Recent Development:

•  In 2018, Abu Dhabi Vegetable Oil Company partnered with Patanjali Ayurved to manufacture & produce a wide range of cooking oils for the Middle East market.
• In 2021, Savola Group acquired Bayara Holding for USD260 million. The company aimed the expansion of its value-added food categories with the plans to cater to the growing need in the region.

Key Questions Addressed in This Study

• What are the primary factors driving the growth of The Middle East Vegetable Oil Market?
• How is The Middle East Vegetable Oil Market expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, 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 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.

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