Market Size of Middle-East and Africa Vegetable Oil Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.31 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Vegetable Oil Market Analysis
The Middle-East and Africa vegetable oil market is projected to register a CAGR of 4.31% during the forecast period (2022 - 2027).
According to The United States Department of Agriculture report, the growth rate of rapeseed oil consumption in the Middle Eastern country like the United Arab Emirates was stagnant, accounting for 17 thousand metric ton in 2017 and 2018. However, it is projected to grow in the forecast period. The rise in the export of canola oil is witnessed in the regional market. Additionally, due to the import opportunity posed by the ongoing trade war between China and Canada, the United Arab Emirates is projected to augment further the export of canola oil to the Chinese market.
The Middle Eastern region uses vegetable oil, such as sunflower oil, soybean oil, and others, in personal care applications. According to a USDA report, the Middle Eastern region imported 248 thousand metric ton of soybean oil in 2018-2019.
Cargill Incorporate is the leading player operating in the country with its wide range of offerings, including corn oil, rapeseed oil, soybean oil, sunflower oil, and palm oil, among others.
