Saudi Arabia Edible Oils Market Introduction and Overview
According to SPER Market Research, the Saudi Arabia Edible Oils Market is estimated to reach USD 2.2 billion by 2033 with a CAGR 5.28%.
The report includes an in-depth analysis of the Saudi Arabia Edible Oils Market, including market size and trends, product mix, distribution channels, and supplier analysis. Oils used for baking, frying, cooking, and other food preparation techniques are referred to as edible oils. They can come from a variety of plant or animal sources. Liquid forms of these oils are ingested and give food taste and vital nutrients. Animal fats like butter, lard, and ghee, as well as vegetable oils like canola, soybean, corn, sunflower, and olive oil, are examples of common edible oils. Additionally, edible oils are utilized in food manufacturing procedures to make processed foods like mayonnaise and margarine. They are an essential part of the human diet and a major source of energy and dietary fat.
- The Saudi Food and Drug Authority (SFDA) implemented new rules for edible oil and fat labeling in March 2021 with the goal of raising consumer knowledge and enhancing food safety. According to the new rules, producers must label edible oils and fats with precise and unambiguous information about their type, origin, and contents.
- Savola Group, a prominent food company in Saudi Arabia, declared in May 2021 that it will invest SAR 1 billion (about USD 267 million) in the nation's sugar and edible oil manufacturing. The investment is intended to increase the company's manufacturing capacity and satisfy the local market's rising demand for these goods.
Market Opportunities and Challenges
Opportunities: The market for edible oils in Saudi Arabia is anticipated to increase steadily over the course of the forecast period due to rising health consciousness among the kingdom's customers. More consumers are looking for better options, such as edible oils that are low in trans and saturated fats, as worries about the negative health effects of eating unhealthy foods grow. As customers grow increasingly aware of the possible harm that chemical additions in food goods may cause, there is also an increasing demand for premium, organic edible oils. The market for edible oils in Saudi Arabia is anticipated to increase as a result of these trends, as producers adapt to consumers' growing desire for natural and healthier goods.
Challenges: The Saudi Arabian edible oils market may not expand as much due to limited local production. The kingdom's reliance on imports to satisfy the rising demand for edible oils may cause supply chain interruptions and price swings. Even with initiatives to boost domestic production, like boosting agricultural investment and increasing domestic oilseed crushing capacity, the sector is still unable to become self-sufficient. Additional difficulties include the lack of arable land and the high costs of farming given the country's arid climate. These elements still impede the market for edible oils in Saudi Arabia from expanding and remaining sustainable.
Market Competitive Landscape
United Farmers Holding Company (UFHC), Lamsoon, Arabian Food Industries Co. (Domty), Americana Foods, Salama Group, United Carton Industries Company (UCIC), Abdullah Hashim Industrial Gases & Equipment Co. Ltd., Emirate Refining Company (Erco), Golden Falcon, Aujan Industries, Ali Shaihani Group of Industries, and Al-Adwani General Trading Co. Ltd. are some of the major players in the Saudi Arabian edible oils market. Alliances, mergers and acquisitions, and the introduction of new products are the main tactics employed by these industry leaders. In order to increase their market share, these businesses are also concentrating on making investments in new developments, partnerships, and growth.
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 Packaging Type, By End User |
| Regions covered | Eastern Region, Western Region, Southern Region, Northern Region.
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| Companies Covered | Abdullah Hashim Industrial Gases & Equipment Co. Ltd., Al-Adwani General Trading Co. Ltd., Ali Shaihani Group of Industries, Americana Foods, Aujan Industries, Arabian Food Industries Co. (Domty), Emirate Refining Company (Erco), Faisal Al Nusif Trading Co. (Fantco), Golden Falcon, Lamsoon, Nadec Foods, Savola Group, Salama Group, United Carton Industries Company (UCIC). |
COVID-19 Impact on Saudi Arabia Edible Oils Market
The market for edible oils in Saudi Arabia was significantly impacted by the COVID-19 outbreak. Since the food service industry is a significant consumer of edible oils, the nationwide lockdowns and restrictions on travel and commerce led to a decline in demand for these items. However, as more people cooked at home, there was a greater need for edible oils for domestic use. Price changes and shortages were also caused by the supply chain disruption. The market has proven resilient in spite of the difficulties, as producers have responded to shifting customer preferences by investing in online platforms to satisfy demand.
Key Target Audience:
- Consumers (Households)
- Food Manufacturers
- Retailers and Distributors
- Food Service Providers (Restaurants, Catering Services)
- Health and Wellness Enthusiasts
- Agricultural and Raw Material Suppliers
- Food Industry Associations
Our in-depth analysis of the Saudi Arabia Edible Oils Market includes the following segments:
| By Type: | Palm OilSoybean OilRapeseed OilSunflower OilPeanut OilSpecialty Blended OilOlive OilCorn OilFlaxseed OilAvocado OilEdible OilPumpkin Seed Oil |
| By Packaging Type: | PouchesJarsCansBottles |
| By End Users: | DomesticFood ServiceIndustrialOthers |
Key Topics Covered in the Report:
- Saudi Arabia Edible Oils Market Size (FY’2024-FY’2033)
- Overview of Saudi Arabia Edible Oils Market
- Segmentation of Saudi Arabia Edible Oils Market By Type (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)
- Segmentation of Saudi Arabia Edible Oils Market By Packaging Type (Pouches, Jars, Cans, Bottles)
- Expansion Analysis of Saudi Arabia Edible Oils Market
- Problems and Obstacles in Saudi Arabia Edible Oils Market
- Competitive Landscape in the Saudi Arabia Edible Oils Market
- Impact of COVID-19 and Demonetization on Saudi Arabia Edible Oils Market
- Details on Current Investment in Saudi Arabia Edible Oils Market
- Competitive Analysis of Saudi Arabia Edible Oils Market
- Prominent Players in the Saudi Arabia Edible Oils Market
- SWOT Analysis of Saudi Arabia Edible Oils Market
- Saudi Arabia Edible Oils Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERs internal database
2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Saudi Arabia Edible Oils Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Saudi Arabia Edible Oils Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Saudi Arabia Edible Oils Market
7. Saudi Arabia Edible Oils Market, By Type (USD Million) 2020-2033
7.1. Saudi Arabia Edible Oils Market Size, Share and Forecast, By Type, 2020-2026
7.2. Saudi Arabia Edible Oils Market Size, Share and Forecast, By Type, 2027-2033
7.3. Palm Oil
7.4. Soybean Oil
7.5. Rapeseed Oil
7.6. Sunflower Oil
7.7. Peanut Oil
7.8. Specialty Blended Oil
7.9. Olive Oil
7.10. Corn Oil
7.11. Flaxseed Oil
7.12. Avocado Oil
7.13. Edible Oil
7.14. Pumpkin Seed Oil
8. Saudi Arabia Edible Oils Market, By Packaging Type (USD Million) 2020-2033
8.1. Saudi Arabia Edible Oils Market Size, Share and Forecast, By Packaging Type, 2020-2026
8.2. Saudi Arabia Edible Oils Market Size, Share and Forecast, By Packaging Type, 2027-2033
8.3. Pouches
8.4. Jars
8.5. Cans
8.6. Bottles
9. Saudi Arabia Edible Oils Market, By End Users (USD Million) 2020-2033
9.1. Saudi Arabia Edible Oils Market Size, Share and Forecast, By End Users, 2020-2026
9.2. Saudi Arabia Edible Oils Market Size, Share and Forecast, By End Users, 2027-2033
9.3. Domestic
9.4. Food Service
9.5. Industrial
9.6. Others
10. Saudi Arabia Edible Oils Market Forecast, 2020-2033 (USD Million)
10.1. Saudi Arabia Edible Oils Market Size and Market Share
11. Saudi Arabia Edible Oils Market, By Region, 2020-2033 (USD Million)
11.1. Saudi Arabia Edible Oils Market Size and Market Share By Region (2020-2026)
11.2. Saudi Arabia Edible Oils Market Size and Market Share By Region (2027-2033)
11.3. Eastern Region
11.4. Western Region
11.5. Southern Region
11.6. Northern Region
12. Company Profile
12.1. Abdullah Hashim Industrial Gases & Equipment Co. Ltd.
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Al-Adwani General Trading Co. Ltd.
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Ali Shaihani Group of Industries
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. Americana Foods
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. Aujan Industries
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Arabian Food Industries Co. (Domty)
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Emirate Refining Company (Erco)
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Faisal Al Nusif Trading Co. (Fantco)
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Golden Falcon
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Lamsoon
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. Nadec Foods
12.11.1. Company details
12.11.2. Financial outlook
12.11.3. Product summary
12.11.4. Recent developments
12.12. Savola Group
12.12.1. Company details
12.12.2. Financial outlook
12.12.3. Product summary
12.12.4. Recent developments
12.13. Salama Group
12.13.1. Company details
12.13.2. Financial outlook
12.13.3. Product summary
12.13.4. Recent developments
12.14. United Carton Industries Company (UCIC)
12.14.1. Company details
12.14.2. Financial outlook
12.14.3. Product summary
12.14.4. Recent developments
12.15. Others
13. Conclusion
14. Reference Links
15. List of Abbreviations
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.
