UAE Sunflower Oil Market to Grow at 3.10% CAGR by 2027 | MarkNtel Advisors

Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the UAE Sunflower Oil Market, The UAE Sunflower Oil Market is projected to grow at a CAGR of around 3.10% during the forecast period, i.e., 2022-27. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight & sustainable materials, rising demand for luxury & customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the UAE Sunflower Oil Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook & Forecasts:

• Forecast Period: 2022-2027
• CAGR (2022-2027): 3.10%

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UAE Sunflower Oil Market Segmentation Breakdown:

The UAE Sunflower Oil Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

By Application

• Food
• Feed
• Industrial

Among them, Food segment grabbed the highest market share in 2021 in the UAE Sunflower oil market owing to its vast applications in the food processing industries, hotels, restaurants etc.

Key Drivers: Burgeoning Lifestyle Disorders

The high income of the residents of the UAE & surging expenditure on the consumption of fast foods has led to various diseases. Obesity, diabetes, heart disease, and other chronic diseases are primarily the result of excessive consumption of packaged & junk food. Besides, the high calorific packaged food & beverages combined with least to no physical activity has been the main factor for the increasing lifestyle disorders in the country. Thus, the consumers have inclined towards adopting a healthy lifestyle that includes the consumption of healthy oil such as sunflower oil as a remedy for curing gastrointestinal diseases, obesity, and fatty liver diseases. According to World Obesity Federation (WOF), 2020, significant growth in overweight & obesity has been observed in the population of the UAE. Edible oils have been a prime factor in the growth of obesity due to a large amount of fatty acid it contains.

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A Comprehensive Analysis of Leading Companies in UAE Sunflower Oil Market

• Abu Dhabi Vegetable Oil Company
• United Foods Company
• The Savola Group
• IFFCO Group
• Rafael Salgado S.A.
• Cargill Incorporated
• Amira Nature Foods Ltd.
• Archer-Daniels-Midland Company
• Sime Darby Plantation Berhad

Possible Restraint: Availability of Substitutes

Owing to the presence of substitutes such as canola oil, rapeseed oil, coconut oil, olive oil, etc., sunflower oil has been facing considerable competition in increasing its market share in the overall UAE Edible Oil market. In addition, oils such as canola & coconut offer more nutritional value at a lesser price than sunflower in the market. In comparison, it is observed that canola oil is around 20% less expensive than sunflower oil. Thus, due to the prevalence of more substitutes & being an expensive product, the sunflower oil market is facing challenges in penetrating the market at a higher pace in the UAE.

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