Middle East and Africa Cooking Oil Market Size, By Extraction Method, Application, Type and Country (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA), Industry Analysis (2024 to 2032)
Middle East and Africa Cooking Oil Market Size
The cooking oil market size in the Middle East and Africa was valued at USD 11.66 billion in 2023. The MEA market size is anticipated to grow from USD 12.08 billion in 2024 to USD 16.06 billion by 2032, growing at a CAGR of 3.62% from 2024 to 2032.
Cooking oil is fat that is obtained from animal, plant, and synthetic sources. It is also used for flavoring purposes without using heat by spreading over foods such as salad dressings and bread dips. Cooking Oil comes in many forms from plant sources such as palm oil, olive oil, canola oil, soybean oil, peanut oil, and other vegetable oils and examples are butter and lard. The guidelines are that 10% or less of calories obtained daily shall be from saturated fat and 20-35% of obtained calories daily shall come from monounsaturated and polyunsaturated fats. Oils such as coconut oil, palm oil, and palm kernel oil are high in saturated fat, which, upon high usage, is associated with cardiovascular diseases and high LDL concentrations in the blood. Trans fats are known not to promote good health, and consumption is associated with coronary heart disease.
The Middle East and Africa Cooking Oil markets are driven by factors like a rising preference for convenience foods, rising awareness about biofuel, rising consumption of vegetable oils, rising population, and diversification of products, among others. However, the market is constrained by factors like the high price involved in the process of extraction of oil from seeds and adverse climatic conditions in some regions.
The cooking oil market in the region is broadly divided based on geography into the Middle East and Africa regions. Factors such as the rising preference of customers for convenience foods and the growing population are expected to propel the market growth in the region.
KEY MARKET PLAYERS
Ach Food Companies Inc., Archer Daniels Midland Company, Beidahuang Group, Bunge Alimentos SA, Bunge Middle East and Africa Inc., Carapelli Firenze S.P.A, Cargill Agricola S.A, Cargill Investment (China) co. ltd and Chinatex Corporation are some of the notable players in the Middle East and Africa cooking oil market.
MARKET SEGMENTATION
This research report on the Middle East and Africa's cooking oil market is segmented and sub-segmented into the following categories.
By Extraction Method
- Solvent Extraction
- Mechanical Extraction
- Hydrogenation
- Sparging
By Application
- Food
- Diesel
- Industrial
By Type
- Palm Kernel Oil
- Palm Oil
- Canola Oil
- Soybean Oil
- Sunflower Oil
- Minor Vegetable Oil
By Country
- KSA
- UAE
- Israel
- rest of GCC countries
- South Africa
- Ethiopia
- Kenya
- Egypt
- Sudan
- rest of MEA
Frequently Asked Questions
1.What is the cooking oil market in the Middle East and Africa?
The cooking oil market in the Middle East and Africa refers to the industry involved in the production, distribution, and consumption of various types of edible oils used for cooking purposes in the region.
2.What is the current state of the cooking oil market in the Middle East and Africa?
The cooking oil market in the Middle East and Africa is characterized by diverse culinary traditions and a wide range of cooking oils used across different countries and cultures. It is a significant market with various players catering to local preferences and dietary habits.
3.What are the main types of cooking oils consumed in the Middle East and Africa?
Common types of cooking oils consumed in the region include palm oil, sunflower oil, soybean oil, corn oil, olive oil, canola oil, and sesame oil. The popularity of each type varies depending on factors such as availability, cultural preferences, and price.
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