GCC Canola Oil Market

GCC Canola Oil Market Overview:

The GCC Canola Oil market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. The market is projected to register a CAGR of X% during 2023-2028, reaching US$ XX Billion by 2028. Canola oil is a plant-based oil produced from the seeds of several plants of the Brassicaceae family such as cabbage, turnip, mustard, and others. It possesses vital unsaturated fatty acids such as omega-6, omega-3, and vitamin E. Compared to other vegetable oils, it contains lesser trans and saturated fats, offering various health benefits such as minimizing inflammation, enhancing metabolism, helping in the overall development of infants, and shielding against heart attacks and strokes. In recent years, canola oil has gained traction across the GCC countries due to its widespread utilization in the production of various food products in the residential and commercial sectors.

One of the primary factors driving the market is the rising number of individuals diagnosed with cardiovascular diseases. Additionally, the increasing health consciousness among individuals is propelling the market growth. Other than this, canola oil is extensively utilized as a cooking oil and salad dressing due to its high amount of oleic acid that helps in lessening the cholesterol levels in the body. Besides this, there has been increasing usage of canola oil in the personal care and cosmetics industries on account of its anti-aging properties, which assist in minimizing fine lines, blemishes and wrinkles. It is also employed in spa and hair treatment products to reduce dandruff, frizzy hair, split ends, and breakage, thus improving overall hair quality. Apart from this, the residue obtained after the production of canola oil is used as livestock feed to provide vitamins, fiber and minerals to animals as it possesses significant amounts of amino acids and a low count of glycocholates. Furthermore, the application of canola oil in adhesives, plastics, and tires is escalating the overall product sales in the region. Other major growth-inducing factors include the shifting consumer preferences toward healthy alternatives, growing e-commerce industry that provides easy availability of the product, and product development by key players to expand their product portfolio.

GCC Canola Oil Market Segment Insights:

The report has assessed the GCC canola oil market on the basis of application covering, cooking, processed foods, lubricants, personnel care, biofuels and others. The report has further examined the market based on packaging including, cans, drums,  bottles,  pouch and others. On a regional basis, the report examines the Canola Oil market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. An evaluation of the competitive landscape has also been provided with the details of the key players operating in the GCC canola oil market.

Highlights of the GCC Canola Oil Market Report:

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Key Market Segments:

The GCC canola oil market has been analysed as followed:

Segmentation by Application:

• Cooking
• Processed Foods
• Lubricants
• Personnel Care
• Biofuels
• Others

Segmentation by Packaging:

• Cans
• Drums
• Bottles
• Pouch
• Others

Segmentation by Country:

• Saudi Arabia
• United Arab Emirates
• Qatar
• Kuwait
• Oman
• Bahrain

Report Customisation:

The GCC canola oil market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs.