Saudi Arabia Edible Oil And Fats Market Size & Outlook
Saudi Arabia edible oil and fats market, 2017-2030 (US$M)
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Saudi Arabia edible oil and fats market highlights
- The Saudi Arabia edible oil and fats market generated a revenue of USD 5,553.3 million in 2022 and is expected to reach USD 10,414.0 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 8.2% 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.
Edible oil and fats market data book summary
| Market revenue in 2022 | USD 5,553.3 million |
| Market revenue in 2030 | USD 10,414.0 million |
| Growth rate | 8.2% (CAGR from 2022 to 2030) |
| Largest segment | Edible oil |
| Fastest growing segment | Edible Oil |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Saudi Arabia accounted for 1.2% of the global edible oil and fats market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa edible oil and fats market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 10,414.0 million by 2030.
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Edible Oil And Fats Market Scope
Edible Oil And Fats Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 Saudi Arabia edible oil and fats market based on edible oil, edible fats covering the revenue growth of each sub-segment from 2017 to 2030.
The young population in Saudi Arabia prefers oils and fats that are low in saturated fatty acids and cholesterol since they are more health conscious and can also afford the more premium substitutes. The key market players in Saudi Arabia include Al Arabi, Afia, Noor, Mazola (Oils), Alfa, Shams Hayat, RS, Sunny, and Rahma.
Saudi Arabia imports nearly all of its oils and fats for domestic consumption. The country’s policies for the social and tourism sectors have caused import figures to exceed 900,000 tons annually during the period of 2017–2020, barring 2021 due to the pandemic.
According to data from Oil World, Saudi Arabia imported 884,100 tons of fats and oils in 2021; the consumption, however, was 887,500 tons. In addition to importing palm oil in 2021, Saudi Arabia also imported olive oil, sunflower oil, and corn oil.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia edible oil and fats market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia edible oil and fats market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia edible oil and fats market size, by product, 2017-2030 (US$M)
Saudi Arabia Edible Oil And Fats Market Outlook Share, 2022 & 2030 (US$M)
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