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...