Press release
Palm Oil as The First Choice Accelerates Vegetable Oil Market in the Middle East
According to the Middle East Vegetable Oil Market Research Report: Forecast (2022-27), "The CAGR of Vegetable Oil Market in Middle East is anticipated to register around 2.85% in quantity sold during the forecast period, 2022-27. This growth in the market is attributed to the evident demand for different vegetable oils, such as palm oil, mustard oil, etc., over the past few years due to increased health awareness.
Additionally, the general preference towards palm oil and the rise in inbound tourism resulting in increasing food demand further accelerates the market's growth."
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Segmentation & Regional Analysis
The Middle East Vegetable Oil Market is highly fragmented and comprises various bifurcations & geographies. These sections cover information on opportunities & challenges faced by the players, fluctuations in the demand, supply, revenue generation, size, sales, profits, volume, & price, among other parameters, to help stakeholders attain an overview of the external factors influencing the industry expansion. The market bifurcates into the following segmentations:
By Type of Oil
-Palm
-Soybean
-Sunflower
-Coconut
-Olive
-Corn Oil
-Linseed
-Mustard
-Sesame
-Others (peanut, cotton, pumpkin seed oil, canola, rice bran, hazelnut)
By Application
-Food
-Feed
-Industrial
By Packaging
-Cans
-Bottles
-Pouches
-Others
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Low Price and Health Benefits Make Consumer Go for Palm Oil
"Amongst the Type of oil, palm oil witnessed considerable growth during the historical period. It is expected to follow the same course owing to its ease of availability, lower price, and health benefits such as preventing vitamin A deficiency, cancer, etc. Additionally, the growing economic disturbance in Ukraine & Russia has resulted in a decline of sunflower oil supply, has resulted in further adoption of Palm oil, elevating the market.", further states the research report.
Egypt Promises Lucrative Prospects to The Industry
"Historically, Egypt dominated the market between 2017-20 and is expected to follow the same course due to rising per capita edible oil consumption on account of the growing population & increased demand from the animal feed sector. Moreover, strategic joint ventures among companies to launch vegetable oil production units to meet the growing demand and reduce reliance on imported vegetable oil are expected to push the industry growth forward.", further states the research report by Markntel Advisors.
Competitive Analysis
The researchers at Markntel Advisors have rigorously profiled each company operating in the industry, offering insights to the stakeholders about the competition and allowing them to strategize their tactics using the data put together in the report. This information comprises the recent developments, mergers & acquisitions, product/service launches, expansion plans, & opportunities utilized to attain revenue, alongside the role & participation of the governments and more.
The prominent players profiled in the report include 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, and Sime Darby Plantation Berhad.
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Get It Customized
To avail of exciting offers & customization services on the report, reach out to MarkNtel Advisors and get a personalized analysis of the Middle East Vegetable Oil Market. Out researchers compile data for the stakeholders, incorporating all the prominent aspects influencing the industry expansion alongside the particular chapters requested. This detail-driven, unbiased, and accurate data on grounds curating the fundamentals underlying the market potential & lucrative opportunities shall benefit the investors in numerous ways in the future.
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