Middle East & Africa Edible Oil And Fats Market Size & Outlook
Middle East & Africa edible oil and fats market, 2017-2030 (US$M)
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MEA edible oil and fats market highlights
- The MEA edible oil and fats market generated a revenue of USD 55,769.4 million in 2022.
- The market is expected to grow at a CAGR of 7.3% from 2023 to 2030.
- In terms of segment, edible oil was the largest revenue generating product in 2022.
- Edible Oil is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 55,769.4 million |
| Market revenue in 2030 | USD 98,152.4 million |
| Growth rate | 7.3% (CAGR from 2022 to 2030) |
| Largest segment | Edible oil |
| Fastest growing segment | Edible Oil |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Edible Oil, Edible Fats |
| Key market players worldwide | Archer-Daniels Midland Co, Cargill, Bunge Global SA, Nisshin Oillio Group Ltd, Kaneka Corp, Associated British Foods PLC, Grain Processing Corporation, Adani Wilmar, Borges, Apetit Group |
Other key industry trends
- In terms of revenue, MEA region accounted for 12.0% of the global edible oil and fats market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 181,843.7 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Edible Oil And Fats Market Scope
Edible Oil And Fats Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa edible oil and fats market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to edible oil and fats market will help companies and investors design strategic landscapes.
Edible oil was the largest segment with a revenue share of 75.38% in 2022. Horizon Databook has segmented the Middle East & Africa edible oil and fats market based on edible oil, edible fats covering the revenue growth of each sub-segment from 2017 to 2030.
Trans-fats are frequently used in baked goods and biscuits. Governments across the region are highlighting the negative effects of long-term trans-fat consumption due to changing lifestyles, growing urbanization, and Western influences.
However, over the past few years, new oil categories like virgin olive oil, cold-pressed coconut oil, and walnut oil have gained momentum. This has opened up new avenues for market growth. The increased demand for processed foods among consumers in the region is driving the consumption of edible oils and fats.
Moreover, the surge of international visitors year after year and their varied culinary needs have necessitated the demand for edible oils and fats in the hospitality and hotel industry. Add to this, an increase in the local population's spending power.
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Target buyers of Middle East & Africa edible oil and fats market databook
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Our clientele includes a mix of edible oil and fats market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa edible oil and fats market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa edible oil and fats market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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MEA edible oil and fats market size, by country, 2017-2030 (US$M)
Middle East & Africa Edible Oil And Fats Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
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