Gcc and Qatar Cooking Oil Market Is Expected to Reach Us$1.7 Bn by 2024

Transparency Market

Research

Cooking Oil Market - GCC and Qatar Industry Analysis,

Size, Share, Growth, Trends, and Trends and Forecast

2016 - 2024

Published Date

27-09-2016

55 Page Report

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Press Release

GCC and Qatar Cooking Oil Market: Rising Demand for and Usage of

High-quality Edible Oils a Major Growth Driver, reports TMR

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Cooking Oil Market

REPORT DESCRIPTION

By nature, the GCC and Qatar cooking oil market is highly consolidated, with the top three companies

accounting for almost three quarters of the market in 2015. Savola Group, Emirates Refining Company

Ltd., and United Foods Company dominate the scene through aggressive investments, strong distribution

networks, and product innovations.

The cooking oil market in the GCC region is marked by intense competition, Transparency Market Research

finds, and focusing on research and development activities to introduce new products has augured well for

these players.

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For instance, market leader Savola Group launched a new line of canola oil products in February 2015 and

this product – with high Omega-3 properties – has furthered strengthened its hold on the GCC and Qatar

cooking oil market.

In terms of revenue, the cooking oil market in the GCC and Qatar was valued at US$988.2 mn in 2015 and

is expected to reach US$1.7 bn by 2024, expanding at a 6.6% CAGR therein. In terms of volume, the

market is projected to register a CAGR of 8.4% during the forecast period.

Corn Oil to Witness Rapid Growth despite Low Market Share

On the basis of product, the cooking oil market in the GCC and Qatar is led by the sunflower oil segment,

which recorded a significant share of more...