UAE Palm Oil Market Analysis was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) from 2019 to 2025.
Market Outline: UAE Palm Oil Market Analysis
Palm oil is an economically important and versatile vegetable oil that is used as raw material for both food and non-food products. Large red and orange ‘fresh fruit bunches’ grow on palm oil trees, which can be broken up into individual fruits. Both the flesh and the kernel of the fruit yield palm oil. Each fresh fruit bunch weighs between 10 kg and 40 kg, and the flesh of the fruit (not the kernel) yields over 50 per cent oil (Food and Agricultural Organization of the United Nations (FAO), 2002). Around the world, vegetable oil production totals approximately 150 million metric tons per year, of which approximately one-third is palm oil (FAO, 2013). Palm oil is the most widely used vegetable oil in the world and is found in supermarket products ranging from margarine, cereals, sweets and baked goods to soaps, washing powders and cosmetics. Increasingly, palm oil is also being used as a first-generation biofuel. In 2011 oil palm plantations produced over 53 million metric tons of palm oil on 16 million hectares.
Market Dynamics: UAE Palm Oil Market Analysis
Increasing demand for high-quality food products from tourists as well as local consumers has driven its demand. Its fractions and derivatives are also widely utilized as alternatives for expensive bakery fats and vegetable oils including groundnut, coconut & sunflower. Additionally, food & beverage processors are increasingly opting for the product owing to its high availability, lower cost & high yield in limited cultivation space. Besides several favorable factors, stringent environmental regulations governing production, on the other hand, is anticipated to hamper the global market growth. A higher production cost owing to the adoption of sustainable production methods is presumed to be another market restraint and is anticipated to ward off new market entrants.
Market Scope: UAE Palm Oil Market Analysis
UAE Palm Oil Market Analysis is segmented based on product type, application, and geography
Based on product type, market is segmented into the following:
- Palm Kernel Oil
- Palm Kernel Cake
- Crude Palm Oil
Based on the application, market is segmented into the following:
- Edible Oil
Competition Assessment: UAE Palm Oil Market Analysis
Some of the players in the UAE palm oil market analysis include:
- Abu Dhabi Vegetable Oil Co
- ACCL International
- Nuha General Trading Co
- Omani Vegetable Oil Derivatives Co
- LLC, Amira Nature Foods Ltd
- AA Middle East FZE
- FELDA IFFCO
- General Trading LLC
- United Foods Company (UFC)
- AJWA MIGOP
- Zakaria & Ghaniwala, General Trading Co. LLC
- HAS Commodities Ltd.Boston Scientific Corporation (U.S.)
Notable Market Developments: UAE Palm Oil Market Analysis
- In June 2018, Abu Dhabi Vegetable Oil Co. collaborated with patanjali to produce a range of edible oils.