The UAE Sunflower Oil Market is projected to grow at a CAGR of 3.10% in the forecast period of 2022-27, cites MarkNtel Advisors in their recent research report. The market is driven by the rapidly growing health consciousness among people & their inclination toward fortified & nutrient-rich food products, including oils, promulgating the demand for sunflower oils across UAE.
Besides, a sedentary lifestyle leading to the advent of various cardiovascular diseases & obesity is another aspect driving the consumer preference toward edible oils fortified with essential vitamins & minerals to positively influence the body’s functioning. Backed by these aspects, the demand for sunflower oils is growing swiftly across the UAE and generating growth opportunities for the leading players to increase their production & distribution capacities and cater to the burgeoning demands throughout the country.
Moreover, the fortification of sunflower oil to curb malnutrition & mineral deficiencies in people is also boosting the sales of these oils and stirring the overall market growth. Furthermore, the trends of high-value food throughout the UAE, influenced by rapid urbanization & improving education, is another aspect influencing the demand for sunflower oil and stimulating the market through 2027, further states the research report, “UAE Sunflower Oil Market Analysis, 2022.”
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Massive Tourist & Migrant Inflow to Drive Food Application of Sunflower Oil through 2027
Based on Application, Food is anticipated to dominate the UAE Sunflower Oil Market with the largest share during the forecast period. This dominance attributes to the mounting demand for sunflower seed oil as a healthier cooking oil across the foodservice sector is a major factor fueling its market growth.
The growing interest of consumers towards dining out & increasing restaurant chains throughout the country as an effect of substantial tourism is augmenting the demand for sunflower oil and boosting the overall market growth in the food industry to feed the needs of tourists & migrants.
Besides, the expansive processed food industry for snacks is a prominent consumer of sunflower oil in the UAE, generating lucrative opportunities for prominent players to increase their production & distribution capacities and cater to the burgeoning demands throughout the country.
Competitive Landscape
The leading players in the UAE Sunflower Oil Market are 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, and Sime Darby Plantation Berhad, among others
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