Middle East Vegetable Oil Market Size, Share, Trends, Analysis Future and forecast 2022-27
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Let’s Run Through the Middle East Vegetable Oil Market Insights to Have a Clear View
The Middle East Vegetable Oil Market is projected to grow at a CAGR of around 2.85% during the forecast period, i.e., 2022-27.
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Examining the Top Competitors of the Middle East Vegetable Oil Market Size:
In this section, we will explore the Middle East Vegetable Oil Market from a competitive perspective, providing information on company profiles, financials, resources, key initiatives, R&D investments, strengths, weaknesses, and more. Leading companies in the market often form partnerships & collaborations to engage in joint venture programs, facilitating efficient resource sharing & goal achievement. Now, let’s delve into the details & acquaint ourselves with these market players.
- Near East Olive Product
- Abu Dhabi Vegetable oil, Co.
- United Foods Company
- Savola Group
- IFFCO Group
- Rafael Salgado S.A
- Cargill Incorporated
- Amira Nature Foods Ltd.
- Archer-Daniels –Midland Company
- Sime Darby Plantation Berhad
A Comprehensive Overview of Geographical Diversity:
the Middle East Vegetable Oil Market expands across:
- UAE
- Saudi Arabia
- Iran
- Qatar
- Kuwait
- Oman
- Bahrain
- Egypt
- Jordan
- The Syrian Arab Republic
- Israel
- Lebanon
- Others
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Key Drivers: Rise in the Prevalence of Chronic Disease
With the increasing number of chronic diseases such as cancer, diabetes, heart disease, and kidney disorder in the region has positively impacted the demand for a healthy lifestyle. Some major countries with a large population, such as Saudi Arabia, Egypt, Turkey, etc., have reported an increase in chronic disease patients. According to General Authority for Statistics, in Saudi Arabia, the total number of patients requiring dialysis was approximately 15,500 in 2015, which rose to nearly 20,000 in the year 2020. Consequently, the consumer is inclined toward adopting a healthy lifestyle as a remedy for curing gastrointestinal diseases, obesity, fatty liver disease, and gastroesophageal reflux disease (GERD).
In addition, the regular use of olive oil & other vegetable oils resulted in decreasing the risk for the development of cancer & obesity. Moreover, olive oil is helpful in increasing metabolism in obese consumers due to its phenolic composites, substances with antioxidant, anti-inflammatory, and anti-clotting properties, which help increase metabolic rate. Therefore, rising health consciousness amongst the consumers is driving the growth of the Vegetable Oil market.
Middle East Vegetable Oil Market Segmentation Outline:
- By Type of Oil (Palm, Soybean, Sunflower, Coconut, Olive, Corn Oil, Linseed, Mustard, Sesame , Others (peanut, cotton, pumpkin seed oil, canola, grape seed, rice bran, hazelnut))
- By Application (Food, Feed, Industrial)
- By Packaging (Cans, Bottles, Pouches, Others)
Key Questions Addressed in the Middle East Vegetable Oil Market Research Report:
- What is the estimated size, share, & CAGR of the Middle East Vegetable Oil Market in the forecast period?
- What are the key trends projected to impact the Middle East Vegetable Oil Market during 2022-27?
- What are the different segments & sub-segments considered in the Middle East Vegetable Oil Market research study?
- Who are the key stakeholders and players participating in the Middle East Vegetable Oil Market?
- What would be the demand for different types of products/services in the Middle East Vegetable Oil Market through 2027?
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Note: The Middle East Vegetable Oil Market can further be customized with multi-dimensional, deep-level, & high-quality insights as per the specific requirements of clients to help them garner the industry’s prospects, effortlessly encounter market challenges, adequately formulate different strategies, and make sound decisions to remain competitive in the market.
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