The 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.
Browse 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
Browse more reports of this 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
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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