Middle East And Africa Cooking Oils And Fats Market

Middle East and Africa Cooking Oils and Fats Market Size, Share Analysis:

Middle East and Africa Cooking Oils and Fats Market size was around USD xx billion in 2018. It is expected to grow at a CAGR of xx% to reach USD xx billion by 2026. It captures 3% of the global market.

Cooking oils and fats are made up of saturated, poly-saturated, and mono-saturated fatty acids. Saturated fats increase the body cholesterol levels, while mono-saturated and poly-saturated fats tend to lower cholesterol level in the body.

Middle East and Africa Cooking Oils and Fats Market Growth:

Inordinate consumption of fats and oils pose a significant threat to the market. Processed foods like French Fries, Pizzas, and Doughnuts have a large number of trans-fats that are not healthy if consumed regularly. The consumption of trans-fats increases LDL in the body. Additionally, the consumption of trans-fats raise the incidences of numerous heart diseases, type 2 diabetes and cancer. Furthermore, the high price of raw materials makes the entry of a new player in the market extremely difficult.

Middle East and Africa Cooking Oils and Fats Market Segmentation Analysis:

The market is segmented by form, by source, by type, and by the application. By form, the market is segmented into liquid and solid. The liquid segment dominated the market in 2018 and is projected to be the fastest-growing segment as oils are largely consumed for cooking purposes and in biodiesel, where the liquid form is preferred over solid. The crystalline form of the fat has a considerable effect on the melting point and the performance of the fat in different applications in which it is used.

By source, the market is categorized into vegetables and animals. By application, the market is categorized into Bakery & Confectionery and Processed. Processed Food is further sub-segmented into Snacks & Savoury, R.T.E Foods/Convenience Foods, Sauces, Spreads, and Dressings, and others (Incl. Meat Products).

By type, the market is segmented into oil and fat. Oil is further sub-segmented into palm oil, soybean oil, sunflower oil, rapeseed oil, olive oil, and other oils. Fats are further sub-segmented into Butter & Margarine, Lard, Tallow, and others. By vegetable oil type, the market is projected to be dominated by the palm oil category, followed by soybean oil and rapeseed oil. Palm oil has emerged as the most commonly utilized vegetable oil for edible purposes, especially in China, which is one of the biggest consumers of vegetable oils. The demand for palm oil is rising, owing to a rise in industrial applications like biodiesel and oleochemicals.

By fat type, the butter & margarine segment commanded the largest market share in 2015. The demand for butter is greater in contrast to that for margarine, owing to the growth in preference for natural products like butter. Factors like change in customer habits and the price difference between butter & margarine also fuel the demand for butter.

Middle East and Africa Cooking Oils and Fats Market Regional Presence:

On the basis of geography, the market is categorized into the Middle East and Africa. Rapid developments in the Middle East in terms of infrastructure and technology have boosted the market, which has led to the growth of the cooking oils and fats market forecast.

Leading Key Players Covered in this market report are:

Key players in the market include Unilever PLC, Cargill Inc., International Foodstuff Company Limited, United Plantations Berhad, Wilmar International Limited, Archer Daniels Midland Company, Associated British Foods plc, Bunge Limited, CHS Inc., and ConAgra Foods Inc.