Report ID: UCMIR30C2061
Report ID:
UCMIR30C2061 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2022, the market for palm oil in the Middle East and Africa was valued at approximately $8.06 billion, and it is anticipated to experience a 2.6% compound annual growth rate (CAGR) from 2023 to 2030. This growth can be attributed to the increasing use of palm oil as a primary ingredient in edible fats and its expanding role in various food applications. The primary consumer of palm oil is the food industry, accounting for roughly 70% of the overall demand. Food manufacturers favor it for its exceptional cooking characteristics, extended shelf life, and stable consistency. Furthermore, its natural content of both saturated and unsaturated fats has made it a favored choice for food products like margarine, chocolate, and baked goods.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Food Retail by segment aggregation, the contribution of the Food Retail in Food & Staples Retailing and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONThe market for Middle East & Africa Palm Oil was estimated to be valued at US$ XX Mn in 2021.
The Middle East & Africa Palm Oil Market is estimated to grow at a CAGR of XX% by 2028.
The Middle East & Africa Palm Oil Market is segmented on the basis of Product Outlook, End-use Outlook, Region/Country.
Based on region, the Middle East & Africa Palm Oil Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
The key players operating in the Middle East & Africa Palm Oil Market are ADM, Wilmar International Ltd, Sime Darby Plantation Berhad, IOI Corporation Berhad, Kuala Lumpur Kepong Berhad, United Plantations Berhad, PT Sampoerna Agro Tbk, Univanich Palm Oil Public Company Ltd., PT. Bakrie Sumatera Plantations Tbk, Asian Agri.
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Report ID: UCMIR30C2061