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Middle East And Africa Edible Oils Market
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Middle East And Africa Edible Oils Market

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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

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 Size

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

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Middle East and Africa Edible Oils Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Rise in Oilseed Production
        2. Growth in Demand for Food
      2. Restraints
        1. High Price Volatility for Edible Oils
      3. Opportunities
        1. Increase in Trend of Microencapsulation Technology
      4. Challenges
        1. Impact on supply Chain Due to Covid
    3. Technology Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Middle East and Africa Edible Oils Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product
        1. Palm Oil
        2. Soybean Oil
        3. Sunflower Oil
        4. Rapeseed Oil
        5. Olive Oil
        6. Others
      2. By Packaging
        1. Pouches
        2. Jars
        3. Cans
        4. Bottles
        5. Others
      3. By End Use
        1. Domestic
        2. Industrial
        3. Food Service
      4. By Country
        1. Saudi Arabia
        2. UAE
        3. Qatar
        4. Kuwait
        5. South Africa
        6. Nigeria
        7. Algeria
        8. Rest of MEA
  5. Saudi Arabia Edible Oils Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product
      2. By Packaging
      3. By End Use
      4. By Distribution Channel
  6. UAE Edible Oils Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product
      2. By Packaging
      3. By End Use
      4. By Distribution Channel
  7. Qatar Edible Oils Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product
      2. By Packaging
      3. By End Use
      4. By Distribution Channel
  8. Kuwait Edible Oils Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product
      2. By Packaging
      3. By End Use
      4. By Distribution Channel
  9. South Africa Edible Oils Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product
      2. By Packaging
      3. By End Use
      4. By Distribution Channel
  10. Nigeria Edible Oils Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product
      2. By Packaging
      3. By End Use
      4. By Distribution Channel
  11. Algeria Edible Oils Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product
      2. By Packaging
      3. By End Use
      4. By Distribution Channel
  12. Rest of MEA Edible Oils Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product
      2. By Packaging
      3. By End Use
      4. By Distribution Channel
  13. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Middle East and Africa Edible Oils Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  14. Impact of Covid-19 on Middle East and Africa Edible Oils Market
  15. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Bunge Limited
    2. ADM
    3. Cargill, Incorporated
    4. ACH Food Companies, Inc.
    5. Adani Group
    6. SALAD OILS INTERNATIONAL CORPORATION
    7. BORGES INTERNATIONAL GROUP, S.L.
    8. Hebany Group
    9. Other Prominent Players
  16. Key Strategic Recommendations
  17. Research Methodology
    1.  Qualitative Research
      1.  Primary & Secondary Research
    2.  Quantitative Research
    3.  Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.  Breakdown of Primary Research Respondents, By Region
    5.  Assumptions & Limitations

*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

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Frequently Asked Questions (FAQs):

Ans: The pouches segment is expected to hold the highest market share in the Middle East and Africa edible oils market by packaging.
Ans: The sunflower oil segment is expected to hold the highest market share in the Middle East and Africa Edible Oils Market by product.
Ans: Major factors driving the growth of Middle East and Africa Edible Oils Market include rising oilseed production and increasing growth in demand for food.
Ans: Middle East and Africa Edible Oils Market size was estimated at USD 5,133.27 million in 2022.
Ans: Key players 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., Hebany Group.