Middle East and Africa Edible Oil Market Growth, Size, Trends, Share, Revenue and Future Outlook
Middle East and Africa Edible Oil Market Size- By Type, By Package Type, By Distribution Channel, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jun-2024 | Report ID: FOOD2469 | Pages: 1 - 152 | Formats*: |
| Category : Food & Beverages | |||
Middle East and Africa Edible Oil Market Introduction and Overview
According to SPER Market Research, the Middle East and Africa Edible Oil Market is estimated to reach USD 11.38 billion by 2033 with a CAGR 7.73%.
The report includes an in-depth analysis of the Middle East and Africa Edible Oil Market, including market size and trends, product mix, distribution channels, and supplier analysis. A fluid that is extracted from plants, veggies, and seeds is referred to as edible oil. These oils have phospholipids, anti-oxidants, and fatty acids, among other things. Both the food processing industry and humans consume a lot of edible oil. It is well known that this oil has minimal fat, calories, and cholesterol content.
- In 2021, Archer Daniels Midland Co. and Marathon Petroleum Corp. announced a joint venture agreement to build a soybean oil manufacturing facility in order to meet the rapidly growing demand for renewable diesel fuel.
Market Opportunities and Challenges
Opportunities: One of the main factors propelling the edible oil market's expansion is the growing consumer preference for dietary changes. The sector is positively impacted by the growing trend of healthy living across all age groups and the adoption of creative and health-conscious approaches. Moreover, the industry is further impacted by the rising prevalence of obesity in the populace. The industry is growing as a result of consumers contacting dieticians and nutritionists that offer individualized diet plans with the goal of losing weight.
Challenges: Increased Volatility in the Cost of Edible Oil. Elevated price fluctuations for edible oils may potentially be detrimental to the market by diminishing demand and resulting in a drop in sales. Companies in the industry may see a decline in income as a result of consumers switching to less expensive options or cutting back on their use of edible oils completely. Additionally, because of their inability to precisely forecast future prices and demand, businesses may find it challenging to plan their production and pricing strategies when there is significant price volatility. This can result in cost increases and inefficiencies, which would further hurt profitability.
Market Competitive Landscape
The Edible Oil market in Middle East and Africa is fairly consolidated. Some of the market key players are Cargill Incorporated, ADVOC (ABU DHABI VEGETABLE OIL COMPANY), Sime Darby Plantation Berhad, Wilmar International Limited, Omani Vegetable Oils & Derivatives Co.(L.L.C), Amira Nature Foods Ltd, AJWA Group, Archer Daniels Midland Co., Al Ghurair, Edible Oil Company LLC, and Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Package Type, By Distribution Channel, By End User |
| Regions covered | Qatar, Saudi Arabia, United Arab Emirates, Egypt, Morocco, Nigeria, South Africa, Rest of Middle-East and Africa |
| Companies Covered | Cargill Incorporated, ADVOC (ABU DHABI VEGETABLE OIL COMPANY), Sime Darby Plantation Berhad, Wilmar International Limited, Omani Vegetable Oils & Derivatives Co.(L.L.C), Amira Nature Foods Ltd, AJWA Group, Archer Daniels Midland Co., Al Ghurair, Edible Oil Company LLC, and Others. |
COVID-19 Impact on Middle East and Africa Edible Oil Market
COVID-19 had a negative impact on several industries, the edible oil market saw a notable upswing at this period. People became more interested in adopting better diets as a result of the government-enforced lockdowns designed to stop the virus's spread. Because health problems are so common, more people are using health supplements to strengthen their immune. Even after the pandemic passes, it is anticipated that the increased emphasis on health would continue to drive market expansion.
Key Target Audience:
- Retail Consumers
- Food Manufacturers
- Food Service Providers
- Importers and Exporters
- Distributors and Wholesalers
- Government Regulatory Bodies
- Research and Development Institutes
Our in-depth analysis of the Middle East and Africa Edible Oil Market includes the following segments:
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| By Package Type: |
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| By Distribution Channel: |
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| By End User: |
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Key Topics Covered in the Report:
- Middle East and Africa Edible Oil Market Size (FY’2024-FY’2033)
- Overview of Middle East and Africa Edible Oil Market
- Segmentation of Middle East and Africa Edible Oil Market By Type (Palm Oil, Soybean Oil, Rapeseed Oil, Sunflower Oil, Peanut Oil, Specialty Blended Oil, Olive Oil, Corn Oil, Flaxseed Oil, Avocado Oil, Others)
- Segmentation of Middle East and Africa Edible Oil Market By Package Type {(Tinplate Containers, HDPE (High Density Polyethylene) Containers, PVC (Poly Vinyl Chloride) Bottles, PET (Polyethylene Terephthalate) Bottles, Glass Bottles, Semi – Rigid Containers)}
- Segmentation of Middle East and Africa Edible Oil Market By Distribution Channel (Direct, Indirect)
- Segmentation of Middle East and Africa Edible Oil Market By End User (Domestics
- Industrial, Food Services, Others)
- Expansion Analysis of Middle East and Africa Edible Oil Market
- Problems and Obstacles in Middle East and Africa Edible Oil Market
- Competitive Landscape in the Middle East and Africa Edible Oil Market
- Impact of COVID-19 and Demonetization on Middle East and Africa Edible Oil Market
- Details on Current Investment in Middle East and Africa Edible Oil Market
- Competitive Analysis of Middle East and Africa Edible Oil Market
- Prominent Players in the Middle East and Africa Edible Oil Market
- SWOT Analysis of Middle East and Africa Edible Oil Market
- Middle East and Africa Edible Oil Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Middle East and Africa Edible Oil Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Middle East and Africa Edible Oil Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Middle East and Africa Edible Oil Market
7. Middle East and Africa Edible Oil Market, By Type (USD Million) 2020-2033
7.1. Middle East and Africa Edible Oil Market Size, Share and Forecast, By Type, 2020-20267.2. Middle East and Africa Edible Oil Market Size, Share and Forecast, By Type, 2027-20337.3. Palm Oil7.4. Soybean Oil7.5. Rapeseed Oil7.6. Sunflower Oil7.7. Peanut Oil7.8. Specialty Blended Oil7.9. Olive Oil7.10. Corn Oil7.11. Flaxseed Oil7.12. Avocado Oil7.13. Others
8. Middle East and Africa Edible Oil Market, By Package Type (USD Million) 2020-2033
8.1. Middle East and Africa Edible Oil Market Size, Share and Forecast, By Package Type, 2020-20268.2. Middle East and Africa Edible Oil Market Size, Share and Forecast, By Package Type, 2027-20338.3. Tinplate Containers8.4. HDPE (High Density Polyethylene) Containers8.5. PVC (Poly Vinyl Chloride) Bottles8.6. PET (Polyethylene Terephthalate) Bottles8.7. Glass Bottles, Semi – Rigid Containers
9. Middle East and Africa Edible Oil Market, By Distribution Channel (USD Million) 2020-2033
9.1. Middle East and Africa Edible Oil Market Size, Share and Forecast, By Distribution Channel, 2020-20269.2. Middle East and Africa Edible Oil Market Size, Share and Forecast, By Distribution Channel, 2027-20339.3. Direct9.4. Indirect
10. Middle East and Africa Edible Oil Market, By End User (USD Million) 2020-2033
10.1. Middle East and Africa Edible Oil Market Size, Share and Forecast, By End User, 2020-202610.2. Middle East and Africa Edible Oil Market Size, Share and Forecast, By End User, 2027-203310.3. Domestics10.4. Industrial10.5. Food Services10.6. Others
11. Middle East and Africa Edible Oil Market Forecast, 2020-2033 (USD Million)
11.1. Middle East and Africa Edible Oil Market Size and Market Share
12. Middle East and Africa Edible Oil Market, By Region, 2020-2033 (USD Million)
12.1. Middle East and Africa Edible Oil Market Size and Market Share By Region (2020-2026)12.2. Middle East and Africa Edible Oil Market Size and Market Share By Region (2027-2033)12.3. Qatar12.4. Saudi Arabia12.5. United Arab Emirates12.6. Egypt12.7. Morocco12.8. Nigeria12.9. South Africa12.10. Rest of Middle-East and Africa
13. Company Profile
13.1. Cargill Incorporated13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. ADVOC (ABU DHABI VEGETABLE OIL COMPANY)13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. Sime Darby Plantation Berhad13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. Wilmar International Limited13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. Omani Vegetable Oils & Derivatives Co.(L.L.C)13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. Amira Nature Foods Ltd13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. AJWA Group13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments13.8. Archer Daniels Midland Co.13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments13.9. Al Ghurair13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments13.10. Edible Oil Company LLC13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments13.11. Others
14. Conclusion
16. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Middle East and Africa Edible Oil Market is projected to reach USD 11.38 billion by 2033, growing at a CAGR of 7.73% during the forecast period.
Middle East and Africa Edible Oil Market grew in market size from 2024. The Market is expected to reach USD 11.38 billion by 2033, at a CAGR of 7.73% during the forecast period.
Middle East and Africa Edible Oil Market CAGR of 7.73% during the forecast period.
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Middle East and Africa Edible Oil Market size is USD 11.38 billion from 2024 to 2033.
Middle East and Africa Edible Oil Market Segment is Covered By Type, By Package Type, By Distribution Channel, By End User
The Middle East and Africa region is anticipated to have the highest market share in Middle East and Africa Edible Oil Market.
The key players in the market include Companies Covered Cargill Incorporated, ADVOC (ABU DHABI VEGETABLE OIL COMPANY), Sime Darby Plantation Berhad, Wilmar International Limited, Omani Vegetable Oils & Derivatives Co.(L.L.C), Amira Nature Foods Ltd, AJWA Group, Archer Daniels Midland Co., Al Ghurair, Edible Oil Company LLC, and Others.
The industry is growing as a result of consumers contacting dieticians and nutritionists that offer individualized diet plans with the goal of losing weight.
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