The Middle East and Africa Edible Oil Market was valued at USD 4,803.28 million in 2021 and is expected to reach USD 8503.00 million by 2029, registering a CAGR of 7.40% during the forecast period of 2022-2029
Market Analysis and Size
Edible oil has made a significant place in the food and beverage sector around the world. It is being consumed everyday by millions of people in restaurants, cafeterias, and hotels, among others. Manufacturers are working on developing these oils to offer healthier options to consumers.
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Middle East and Africa Edible Oil Market was valued at USD 4,803.28 million in 2021 and is expected to reach USD 8503.00 million by 2029, registering a CAGR of 7.40% during the forecast period of 2022-2029. Domestics accounts for the largest end user segment owing to the high consumption for household purposes. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
Market Definition
Edible oil refers to a liquid that is extracted from plants, vegetables and seeds. These type of oils possess fatty acid, anti-antioxidants and phospholipids, among others. The edible oil is widely consumed among humans and food processing industry. This oil is known to have low fats, calories and cholesterol.
What restraints the growth of the edible oils market?
”Increasing adoption of new guidelines”
Developing consumer inclination for choosing edible oils has forced the major companies to opt for competitive positioning for sustaining in the edible oils market. In addition, this is leading to severe price impacts. This factor is expected to obstruct the growth of the market. Also, growing additions and fluctuations in food safety policies across numerous countries captivating producers to adopt these variations in manufacturing processes to remain submissive to new food safety guidelines. This may lead to numerous problems in the manufacturing procedure and can increase the overall cost, thus hampering the market’s growth.
Segmentation: Global Edible Oils Market
The edible oils market is segmented on the basis of type, nature, package type, distribution channel, and end-user.
- On the basis of type, the edible oils market is segmented into palm oil soybean oil, rapeseed oil, sunflower oil, peanut oil, specialty blended oil, olive oil, corn oil, flaxseed oil, avocado oil, edible oil, pumpkin seed oil, grape seed oil and others.
- On the basis of nature, the edible oils market is segmented into organic, conventional.
- On the basis of package type, the edible oils market is segmented into tinplate containers, high-density polyethylene (hdpe) containers, poly vinyl chloride (pvc) bottles, polyethylene terephthalate (pet) bottles, glass bottles, semi–rigid containers, flexible plastic pouches, others.
- On the basis of distribution channel, the edible oils market is segmented into direct, indirect.
- On the basis of end-user, the edible oils market is segmented into domestics, industrial, food service, others.
Regional Insights: North America dominates the Edible Oils Market
North America dominates the market due to the growing adoption of edible oil in the beauty and cosmetic product industry in this region. Furthermore, the presence of major market players in edible oils in the U.S. and Canada will further boost the market growth in this region.
Asia-Pacific is expected to be the fastest developing region during the forecast period of 2023-2030 due to growing health concerns among consumers as a nutritional supplement in developed countries of this region. Moreover, China is one of the leading consumers of edible oil all over the world.
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Middle East and Africa Edible Oil Market Regional Analysis/Insights
The edible oil market is analysed and market size insights and trends are provided by country, type, package type, distribution channel and end user as referenced above.
The countries covered in the edible oil market report are UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Middle East and Africa region is growing with the highest CAGR due to the emerging opportunities in South Africa for wellbeing and animal nutrition and higher production and consumption of processed food due to the consumer’s preference have boosted the market in Middle East and Africa region.
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MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Middle East and Africa Edible Oil Market
- Get TOC Details:
https://www.databridgemarketresearch.com/toc/?dbmr=middle-east-and-africa-edible-oils-market
Key Pointers Covered in Stainless Steel Water Bottle Market Industry Trends and Forecast to 2029
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market Installed Base
- Market by Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Healthcare Outcomes
- Market Cost of Care Analysis
- Market Regulatory Framework and Changes
- Market Prices and Reimbursement Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
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