Saudi Arabia Vegetable Oil Market Size to Surpass USD 4.4 Billion by 2034, At CAGR 5.78%

Saudi Arabia Vegetable Oil Market Overview

Market Size in 2025: USD 2.7 Billion
Market Size in 2034: USD 4.4 Billion
Market Growth Rate 2026-2034: 5.78%

According to IMARC Group's latest research publication, "Saudi Arabia Vegetable Oil Market Size, Share, Trends and Forecast by Oil Type, Application, and Region, 2026-2034", The Saudi Arabia vegetable oil market size reached USD 2.7 Billion in 2025. Looking forward, the market is projected to reach USD 4.4 Billion by 2034, exhibiting a growth rate (CAGR) of 5.78% during 2026-2034.

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How AI is Reshaping the Future of Saudi Arabia Vegetable Oil Market

● AI-powered precision agriculture boosts crop yields for oilseeds by optimizing irrigation and nutrient use, helping Saudi Arabia reduce import reliance on vegetable oils.​

● Government's AI-driven food security programs enhance supply chain transparency and quality control in the vegetable oil sector, improving consumer trust and regulatory compliance.​

● Leading companies use AI analytics to predict market trends and optimize procurement, minimizing waste and adapting rapidly to changing consumer preferences.​

● AI-based processing technologies improve extraction efficiency and oil purity, lowering production costs while delivering healthier, higher-quality vegetable oils to the local market.​

● Smart logistics powered by AI optimize storage and distribution of vegetable oils throughout Saudi Arabia, reducing spoilage and ensuring fresher products for consumers.

How Vision 2030 is Transforming Saudi Arabia Vegetable Oil Industry?

Vision 2030 is transforming the Saudi Arabia vegetable oil market by boosting domestic food processing, improving agricultural supply chains, and encouraging local production to reduce import dependency. The government's push for food security, investment in advanced refining technologies, and expansion of industrial zones is strengthening operational efficiency and capacity. Rising consumer demand for healthier, high-quality edible oils aligned with national health objectives is also driving innovation, product diversification, and greater participation from regional and international manufacturers.

Saudi Arabia Vegetable Oil Market Trends & Drivers:

The growth of the Saudi Arabia vegetable oil market is strongly influenced by increasing health consciousness among consumers who are shifting toward healthier oils like olive and sunflower oils, which are rich in unsaturated fats. This rising preference is driven by awareness of heart health and nutrition, encouraging demand for premium and organic vegetable oils. Local companies are responding by expanding product portfolios to include more health-focused options, while retailers promote these oils as part of wellness trends. This shift supports steady growth in both retail and institutional segments across the Kingdom.​

Government initiatives under the Vision 2030 framework play a pivotal role in shaping the vegetable oil market by boosting food security and agricultural productivity. Saudi Arabia is investing heavily, with over $27 billion channeled into enhancing local food production and farming technology, including organic agriculture practices. Efforts to support local farmers and increase domestic refining capacities-especially in key ports like Jeddah and Dammam-reduce import dependence and stabilize supply chains. Regulatory oversight by the Saudi Food and Drug Authority ensures quality, safety, and labeling standards that reinforce consumer confidence and market expansion.​

The expanding food processing and hospitality sectors in Saudi Arabia further drive vegetable oil demand as they require consistent, high-quality supplies for varied culinary uses. Increasing urbanization and changing lifestyles are boosting away-from-home consumption, which in turn feeds industrial-scale vegetable oil usage. Sustainability is also rising as a market theme, with companies like IFFCO introducing carbon-neutral olive oils, aligning products with environmental concerns. Technological advances in extraction and refining enhance product quality and efficiency, keeping pace with evolving market needs and consumer preferences.

Access the Latest 2026 Data & Forecasts: https://www.imarcgroup.com/checkout?id=38635&method=1315

Saudi Arabia Vegetable Oil Industry Segmentation:

The report has segmented the market into the following categories:

Oil Type Insights:

● Palm Oil
● Soybean Oil
● Sunflower Oil
● Canola Oil
● Coconut Oil
● Palm Kernel Oil

Application Insights:

● Food Industry
● Biofuels
● Others

Regional Insights:

● Northern and Central Region
● Western Region
● Eastern Region
● Southern Region

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Recent News and Developments in Saudi Arabia Vegetable Oil Market

● November 2025: AI-powered supply chain initiatives by key vegetable oil producers improved inventory management and distribution efficiency, reducing waste and ensuring consistent market supply.

● October 2025: Saudi Food & Drug Authority introduced stricter quality standards for edible oils, boosting consumer confidence and improving product safety across the vegetable oil market.​

● September 2025: IFFCO launched carbon-neutral olive oil, highlighting sustainability trends and driving demand for eco-friendly vegetable oil options in Saudi Arabia.​

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

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IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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