Middle East and Africa Cooking Oil Market size is expected to be worth USD 12.08 billion in 2024 and estimated to be growing at a CAGR of 3.62%, to reach USD 14.43 billion by 2029.
Cooking oil is a fat that is obtained from animal, plant and synthetic sources which are used for cooking. It is also used for flavouring 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 animal-based 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 concentration 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 market 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 high price involved in the process of extraction of oil from seeds and adverse climatic conditions in some regions.
This Research Report on Middle East and Africa Cooking Oil Market are segmented, and sub segmented into following categories.
Middle East and Africa Cooking Oil Market By Extraction Method
Middle East and Africa Cooking Oil Market By Application
Middle East and Africa Cooking Oil Market By Type
The Cooking Oil market in the region is divided based on geography broadly into the Middle East and Africa regions. Factors such as the rising preference of customers for convenience foods and growing population are expected to propel the market growth in the region.
KEY PLAYERS IN MIDDLE EAST AND AFRICA COOKING OIL MARKET
Key Players In Middle East And Africa Cooking Oil Market are 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 ,Chinatex Corporation.
Frequently Asked Questions
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.
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.
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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