Middle East & Africa Palm Oil Market Size & Outlook
Middle East & Africa palm oil market, 2018-2030 (US$M)
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MEA palm oil market highlights
- The MEA palm oil market generated a revenue of USD 6,504.2 million in 2023.
- The market is expected to grow at a CAGR of 2.4% from 2024 to 2030.
- In terms of segment, fractionated palm oil was the largest revenue generating product in 2023.
- Fractionated Palm 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 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 6,504.2 million |
| Market revenue in 2030 | USD 7,683.5 million |
| Growth rate | 2.4% (CAGR from 2023 to 2030) |
| Largest segment | Fractionated palm oil |
| Fastest growing segment | Fractionated Palm Oil |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | CPO, Palm Kernel Oil, RBD Palm Oil, Fractionated Palm Oil |
| Key market players worldwide | Archer-Daniels Midland Co, Wilmar International Ltd, SD Guthrie Bhd, Kuala Lumpur Kepong Bhd, United Plantation Berhad, PT Sampoerna Agro Tbk, Univanich Palm Oil PCL Units Non-voting Depository Receipts, PT Bakrie & Brothers Tbk Registered Shs Series -A- |
Other key industry trends
- In terms of revenue, MEA region accounted for 9.2% of the global palm oil market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 73,483.2 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Palm Oil Market Scope
Palm Oil Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa palm oil 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 palm oil market will help companies and investors design strategic landscapes.
Fractionated palm oil was the largest segment with a revenue share of 36.78% in 2023. Horizon Databook has segmented the Middle East & Africa palm oil market based on cpo, palm kernel oil, rbd palm oil, fractionated palm oil covering the revenue growth of each sub-segment from 2018 to 2030.
Palm oil consumption in the Middle East has been on a robust growth trajectory owing to a strong economic position and growing demand for various food items from tourists and regional consumers.
Furthermore, the boom in construction sector owing to the development of hospitality resources including restaurants, hotels, and malls has also contributed to growth in the Middle East palm oil industry, especially for edible oil applications.
With rising e-commerce activities in the Middle East, the internet and social media sites are increasingly becoming crucial tools for learning and purchasing personal care products. The social media-savvy, young and dynamic population in this region is becoming more aware of the global cosmetic brands.
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Our clientele includes a mix of palm oil market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa palm oil market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa palm oil market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA palm oil market size, by country, 2018-2030 (US$M)
Middle East & Africa Palm Oil Market Outlook Share, 2023 & 2030 (US$M)
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