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.

Get More Information: http://www.transparencymarketresearch.com/sample/sample.php? flag=S&rep_id=15008 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 than 70% in 2015. On the other hand, despite accounting for a share of less than 7% in 2015, corn oil is expected to grow at the fastest rate through 2024. By type of packaging, retail package emerged as the key contributor in the cooking oil market in GCC. Geographically, the market is divided into Qatar and other GCC countries. In terms of revenue, the cooking oil market in the rest of GCC accounted for a larger share in 2015 and is projected to amount to US$1.6 bn by the end of the forecast period. Registering a 6.5% CAGR from 2016 to 2024, the regional segment will retain its dominance in the GCC and Qatar cooking oil market. The Qatar cooking oil market, on the other hand, is projected to witness a greater rise in terms of volume than by value.

Demand for Processed Food Surges as Consumption Patterns Evolve The increasing demand for processed food among consumers residing in the GCC region has complemented the growth of the cooking oil market in Qatar and other GCC countries, TMR finds. “Keeping this in mind, manufacturers operating in this market are engaged in extensive research and development activities to produce high-quality cooking oils that can address the health requirements of the consumers,” the lead analyst states. High purchasing power and the increasingly busy lifestyle of the consumers in the

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GCC region have altered consumption patterns and this is also pushing the demand for various cooking oils.

Lack of Local Production Hindering Growth Most of the countries in the GCC region depend on imports for cooking oil owing to their weak local production. The economic and political instability in some countries and adverse climatic conditions in most have restrained the local production of cooking oil. “Imported products are priced on the higher side, due to which, consumers in the low-income group refrain from buying such products,” the author of the study. This acts as a major restraint on the cooking oil market in the GCC. This review is based on the findings of a TMR report titled “Cooking Oil Market - GCC and Qatar Industry Analysis, Size, Share, Growth, Trends, and Trends and Forecast 2010 - 2024.”

GCC and Qatar Cooking Oil Market: by Product Type •

Sunflower Oil

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Corn Oil

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Palm Oil

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Palmolein

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Palm Kernel

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Others

GCC and Qatar Cooking Oil Market: by Packaging Type •

Retail

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Bulk

GCC and Qatar Cooking Oil Market: by Region •

Qatar

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Rest of GCC

TABLE OF CONTENT

Chapter 1 Preface

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1.1 Report Description 1.2 Market segmentation 1.2.1 GCC and Qatar Cooking Oil Market Segmentation, by Product Type, Package Type, and Region 1.3 Research scope 1.4 Research Highlights Chapter 2 Research Methodology and Assumptions 2.1 Research Methodology 2.2 Assumptions Chapter 3 Executive Summary 3.1 GCC Cooking Oil Market, Revenue and Volume Forecast, 2010 - 2024 (USD Million and Thousand ) 3.2 GCC Cooking Oil Market snapshot Chapter 4 GCC and Qatar Cooking Oil Market - Industry Analysis 4.1 Introduction 4.2 Market Drivers 4.2.1 Drivers for the cooking oil market: Impact analysis 4.2.2 Increasing demand and usage of high quality edible oils 4.2.3 Rising tourism sector aiding in the increase in B2B channels 4.2.4 Increasing investments in cooking oil 4.3 Market Restraints 4.3.1 Restraints for GCC and Qatar cooking oil market: Impact analysis 4.3.2 High cost of raw materials

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4.3.3 Lack of local production 4.4 Market Opportunities 4.4.1 Product innovation 4.5 Market Trend Analysis 4.6 Import and Export Analysis 4.7 Market attractiveness analysis Chapter 5 GCC and Qatar Cooking Oil Market - Industry Analysis, Revenue and Volume, 20102024 5.1 Qatar Cooking Oil Market Overview 5.1.1 Qatar Cooking Oil Market, Revenue and Volume Forecast, by Product Type and Packaging Type, 2010-2024 5.1.1.1 Qatar Cooking Oil Market, Revenue and Volume Market Share, by Product Type, 2010 v/s 2024 (%) 5.1.1.2 Qatar Cooking Oil Market, Revenue and Volume Forecast, by Product Type, 2010 – 2024 (USD Million and Thousand Tons) 5.1.1.3 Qatar Cooking Oil Market, Revenue and Volume Market Share, by Package Type, 2010 v/s 2024 (%) 5.1.1.4 Qatar Cooking Oil Market, Revenue and Volume Forecast, by Package Type, 2010 – 2024 (USD Million and Thousand Tons) 5.2 Rest of GCC Cooking Oil Market Overview 5.2.1 Rest of GCC Cooking Oil Market, Revenue and Volume Forecast, by Product Type and Packaging Type, 2010-2024 5.2.1.1 Rest of GCC Cooking Oil Market, Revenue and Volume Market Share, by Product Type, 2010 v/s 2024 (%)

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5.2.1.2 Rest of GCC Cooking Oil Market, Revenue and Volume Forecast, by Product Type, 2010 – 2024 (USD Million and Thousand Tons) 5.2.1.3 Rest of GCC Cooking Oil Market, Revenue and Volume Market Share, by Package Type, 2010 v/s 2024 (%) 5.2.1.4 Rest of GCC Cooking Oil Market, Revenue and Volume Forecast, by Package Type, 2010 – 2024 (USD Million and Thousand Tons) Chapter 6 Company Profiles 6.1 Market Share by Key Players, 2015 (%) 6.2 Major strategies adopted by leading players 6.3 Company Profiles 6.3.1 Savola Group 6.3.1.1. Company Details (HQ, Foundation Year, Employee Strength) 6.3.1.2. Market Presence (by Segment and by Geography) 6.3.1.3. Key Developments 6.3.1.4. Strategy and Historical Roadmap 6.3.1.5. Revenue and Operating Income 6.3.2 United Foods Company 6.3.2.1. Company Details (HQ, Foundation Year, Employee Strength) 6.3.2.2. Market Presence (by Segment and by Geography) 6.3.2.3. Key Developments 6.3.2.4. Strategy and Historical Roadmap 6.3.2.5. Revenue and Operating Income

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6.3.3 Asia Africa General Trading L.L.C 6.3.3.1. Company Details (HQ, Foundation Year, Employee Strength) 6.3.3.2. Market Presence (by Segment and by Geography) 6.3.3.3. Key Developments 6.3.3.4. Strategy and Historical Roadmap 6.3.3.5. Revenue and Operating Income 6.3.4 Hayel Saeed Anam Group and Co. 6.3.4.1. Company Details (HQ, Foundation Year, Employee Strength) 6.3.4.2. Market Presence (by Segment and by Geography) 6.3.4.3. Key Developments 6.3.4.4. Strategy and Historical Roadmap 6.3.4.5. Revenue and Operating Income 6.3.5 Omani Vegetables Oils and Derivatives Co. LLC 6.3.5.1. Company Details (HQ, Foundation Year, Employee Strength) 6.3.5.2. Market Presence (by Segment and by Geography) 6.3.5.3. Key Developments 6.3.5.4. Strategy and Historical Roadmap 6.3.5.5. Revenue and Operating Income 6.3.6 Al Ghurair Resources Oils and Proteins 6.3.6.1. Company Details (HQ, Foundation Year, Employee Strength) 6.3.6.2. Market Presence (by Segment and by Geography)

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6.3.6.3. Key Developments 6.3.6.4. Strategy and Historical Roadmap 6.3.6.5. Revenue and Operating Income

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