12th November 2019 – 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.
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.
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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.
Major Key players:
• Abu Dhabi Vegetable Oil Co LLC
• ACCL International
• Nuha General Trading LLC
• Omani Vegetable Oils & Derivatives
Co. LLC
• Amira Nature Foods Ltd.
• AA Middle East FZE
• FELDA IFFCO
• Asia & Africa General Trading LLC
• United Foods Company
• AJWA MIGOP
• Zakaria & Ghaniwala General
Trading Co. LLC
• HAS Commodities Ltd.
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