Middle East and Africa Speciality Fats And Oils Market By Type, By Application, Form, and By Country (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA)- Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast from 2024 to 2029

Updated On: June, 2024
ID: 7472
Pages: 145

Middle East and Africa Speciality Fats and Oils Market Size (2024 to 2029)

Middle East and Africa Speciality Fats and Oils Market size is worth USD 129.86 million in 2024 and is estimated to be growing at a CAGR of 9.1%, to reach USD 200.73 million by 2029.

MARKET OVERVIEW

The market is showcasing evident potential in the mentioned forecasting period. The market continues to gain momentum with the increasing development in the industry.

Specialty fats & oils are used extensively in food products owing to their characteristic features and they are very important in providing the required physicochemical and sensory features like smoothness, creamy consistency, milky appearance, and flavor. Thus, specialty fats & oils are considered a major business opportunity.

The major driving factors for the market of Specialty Fats and Oils are the growing demand.

Because of the rise in the Middle East and Africa's demand for chocolate & confectionery products, packaged foods, and focus on reducing processing costs. Food applications of specialty fats & oils hold a major share in terms of usage when compared to other non-food applications like personal care and cosmetics.

This research report on the Middle East and Africa Speciality Fats and Oils market has been segmented and sub-segmented into the following categories.

Middle East and Africa Speciality Fats and Oils Market By Type

  • Speciality Oil Type
  • Speciality Fats Type   

The Middle East and Africa Speciality Fats and Oils Market are segmented on the basis of Type into Specialty oil type, Specialty fat type. Specialty oils are segmented as Palm oil, Soybean oil, Coconut oil, Cottonseed oil, Rapeseed oil, and others whereas specialty fats are segmented into Cocoa butter equivalents, Cocoa butter substitutes, Cocoa butter replacers, Cocoa butter improvers, Dairy fats replacers, Exotic fats.

Middle East and Africa Speciality Fats and Oils Market By Application

  • Chocolate & confectionery              
  • Bakery      
  • Dairy          
  • Processed foods   
  • Others  

On the basis of Application, the market is segmented into Chocolate & confectionery, Bakery, Dairy, Processed foods, and others.

Middle East and Africa Speciality Fats and Oils Market By Form

  • Dry
  • Liquid

On the basis of Form, the market is segmented into Dry and Liquid.

Middle East and Africa Speciality Fats and Oils Market By Country

  • South Africa
  • Egypt
  • Saudi Arabia
  • United Arab Emirate
  • Israel
  • Rest of Middle East and Africa

On the basis of geography, the Middle East and Africa markets are analyzed under the regions the Middle East and Africa. The countries in this region are emerging economies and thus are expected to provide huge potential for the Specialty Oils and Fats market.

KEY MARKET PLAYERS

Some of the major companies dominating the market are Bunge Limited, International Foodstuff Company Holdings Limited, Wilmar International Limited, and Cargill, Incorporated.

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