UAE Palm Oil Market is expected to reach USD 467.1
million by 2025, according to a new report by Grand View Research, Inc.
Growing health concerns regarding trans-fat consumption has driven consumer
preference towards saturated fats, such as palm oil, that contain antioxidants
and other nutrients.
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.
Crude palm oil (CPO) emerged as the dominant product
category in 2015 with over 90% market share. Volatile petroleum prices along
with rising awareness regarding sustainable energy & raw material source
have boosted the demand for inexpensive & sustainable oils. CPO has
garnered high interest mainly in cooking (edible) applications owing to its
flavor compatibility, nutritional content and health benefits.
Cosmetics are expected to witness highest growth rate of
10.4% CAGR among all applcations. Strong consumer confidence & growing
fashion & beauty consciousness, boosted by media exposure & Western
influences have had a positive impact on the industry. The oil is used as an
emollient, surfactant, moisturizer and other cosmetic agent owing to its high
dermatological compatibility and low cost.
Access Full Research Report on UAE Palm Oil Market: http://www.grandviewresearch.com/industry-analysis/uae-palm-oil-market
Further key findings from the report suggest:
- The
UAE palm oil market exceeded 155 kilo tons in 2015 and is expected to grow
at about 8.2% CAGR from 2016 to 2025
- The
shift in trend towards production of high-quality oleo chemicals is
expected to generate lucrative opportunities for industry participants
over the near future
- The
transition towards sustainable and renewable energy sources has
significantly driven palm oil demand in biodiesel and bio-fuel
applications since the biomass yields high amount of energy even when
processed in small quantities
- Rapid
expansion of the construction sector has also contributed to palm
lubricants demand in heavy-equipment and machinery in residential as well
as commercial applications
- The
palm stearin segment is anticipated to grow at a CAGR of 8.6% in terms of
volume, owing to its enhanced functional characteristics that prove
crucial to bakeries & confectionaries across the country
- Other
fractions & derivatives have also witnessed significant growth in
recent years owing to the growing popularity of blended oils in the food
sector
- Key
players including Abu Dhabi Vegetable Oil Co., FELDA IFFCO, United Foods
Company, Amira Nature Foods Ltd., ACCL International, Nuhu General Trading
LLC, AA Middle East FZE, HAS Commodities, and AJWA MIGOP among others
View More Related
Reports from same category by Grand View Research: http://www.grandviewresearch.com/industry/renewable-chemicals
Grand View Research
has segmented the UAE Palm Oil Market on the basis of product and application:
Product Outlook (Volume, Tons; Revenue, USD Million; 2014
- 2025)
- Crude
palm oil
- RBD
palm oil
- Palm
stearin
- Palm
olein
- Palm
kernel
- Palm
kernel oil
- Palm
kernel cake
Application Outlook (Volume, Tons; Revenue, USD Million;
2014 - 2025)
- Edible
oil
- Cosmetics
- Biodiesel
- Lubricants
- Surfactants
- Other
View Press Release on UAE Palm Oil Market By Grand View Research: http://www.grandviewresearch.com/press-release/uae-palm-oil-market-analysis
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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