The UAE Palm Oil market is expected to witness a positive CAGR in the forecast period. UAE palm oil market is driven by rise in usage of renewable and Ayurvedic products along with rise in exports business with neighbouring regions. Access to free trade zones and rise in demand for international beauty products in the recent times has led to a remarkable CAGR.
In addition, UAE are benefiting from entry of new players owing to tax benefits and reasonable tariffs pertaining to imports have added to the market growth. Rising awareness regarding advantages pertaining to the use of natural products leads to significant expansion in the cosmetics industry.
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Product segment for UAE palm oil market includes palm kernel and crude palm oil. Crude palm oil is further segmented into olein, stearin, and RBD. Crude palm oil is one of the fastest growing segments in the UAE market.RBD is widely used in bakery and food processing.
Application segment for UAE palm oil market includes edible oil, bio-diesel, cosmetics, surfactants and lubricants. Edible oil segment accounts for a stronger CAGR in the forthcoming period and is estimated to maintain the competitive advantage owing to rapid expansion in food & beverage sector. Cosmetics account for a second position in the UAE market growth owing to rise in demand for international beauty products and UAE being an enormous market hub.
The key players in the UAE palm oil industry include ACCL International, Nuha General Trading Co, Omani Vegetable Oil Derivatives Co. LLC, Abu Dhabi Vegetable Oil Co., Amira Nature Foods Ltd., AA Middle East FZE, FELDA IFFCO, General Trading LLC, United Foods Company (UFC), AJWA MIGOP, Zakaria&Ghaniwala and HAS Commodities Ltd.
Market Segment:
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
Continued…
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The major players in the palm oil market include Wilmar, Sime Darby, IOI Corporation, Kuala Lumpur Kepong, Asiatic Development, London Sumatra, Boustead, United Plantations Bhd, Kulim Bhd, IJM Plantations, Sampoerna Agro, Bakrie Sumatera, Cargill, Incorporated, Univanich Palm Oil Public Company Ltd., Asian Agri.
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Apart from this, palm oil is readily replacing petroleum-based products as an effective alternative in the transportation and energy industries.
It is also employed as a substitute for mineral oil in power stations for energy production.
