Middle East And Africa Cooking Oil Market

Middle East and Africa Cooking Oil Market Size, Growth Rate Analysis:

Middle East and Africa Cooking Oil Market size was worth USD 10.86 billion in 2021 and estimated to be growing at a CAGR of 3.62%, to reach USD 12.97 billion by 2026. Cooking oil is a fat that is obtained from animal, plant and synthetic sources which are used for cooking. It is also used for flavoring purposes without using heat by spreading over foods such as salad dressings and bread dips.

Middle East and Africa Cooking Oil Market Insights:

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.

Middle East and Africa Cooking Oil Market Driving Factors:

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.

Detailed Segmentation of the Cooking Oil Market:

Based on the Extraction Method:

• Solvent Extraction
• Mechanical Extraction        
• Hydrogenation      
• Sparging      

Based on Application:                 

• Food          
• Diesel        
• Industrial 

Based on Type:                              

• Palm Kernel Oil      
• Palm Oil    
• Canola Oil
• Soybean Oil            
• Sunflower Oil         
• Minor Vegetable Oil            

Regional Growth and Its Classification:

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.

Leading Key Companies covered in this market report are:

1. Ach Food Companies Inc
2. Archer Daniels Midland Company
3. Beidahuang Group
4. Bunge Alimentos SA
5. Bunge Middle East and Africa Inc
6. Carapelli Firenze S.P.A
7. Cargill Agricola S.A
8. Cargill Investment (China) co. ltd
9. Chinatex Corporation