Press release
Middle East and Africa Edible Oil Market Growth Prospects, Trends and Forecast Up to 2029
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 the consumers.
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.
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