UAE Palm Oil Market Analysis By Product (Crude Palm Oil (CPO), Palm Kernel, RBD, PKO, Olein, Stearin), By Application (Edible Oil, Cosmetics, Bio-Diesel, Lubricants, Surfactants), Competitive Insights, And Segment Forecasts, 2014 - 2025
The UAE palm oil market is expected to reach USD 467.1 million by 2025, according to a new report by Grand View Research, Inc. Growing health concerns regarding trans-fat consumption has driven consumer preference towards saturated fats, such as palm oil, that contain antioxidants and other nutrients.
Increasing demand for high-quality food products from tourists as well as local consumers has driven its demand. Its fractions and derivatives are also widely utilized as alternatives for expensive bakery fats and vegetable oils including groundnut, coconut & sunflower. Additionally, food & beverage processors are increasingly opting for the product owing to its high availability, lower cost & high yield in limited cultivation space.
Crude palm oil (CPO) emerged as the dominant product category in 2015 with over 90% market share. Volatile petroleum prices along with rising awareness regarding sustainable energy & raw material source have boosted the demand for inexpensive & sustainable oils. CPO has garnered high interest mainly in cooking (edible) applications owing to its flavor compatibility, nutritional content and health benefits.
Cosmetics are expected to witness highest growth rate of 10.4% CAGR among all applcations. Strong consumer confidence & growing fashion & beauty consciousness, boosted by media exposure & Western influences have had a positive impact on the industry. The oil is used as an emollient, surfactant, moisturizer and other cosmetic agent owing to its high dermatological compatibility and low cost.
Further key findings from the report suggest:
The UAE palm oil market exceeded 155 kilo tons in 2015 and is expected to grow at about 8.2% CAGR from 2016 to 2025
The shift in trend towards production of high-quality oleo chemicals is expected to generate lucrative opportunities for industry participants over the near future
The transition towards sustainable and renewable energy sources has significantly driven palm oil demand in biodiesel and bio-fuel applications since the biomass yields high amount of energy even when processed in small quantities
Rapid expansion of the construction sector has also contributed to palm lubricants demand in heavy-equipment and machinery in residential as well as commercial applications
The palm stearin segment is anticipated to grow at a CAGR of 8.6% in terms of volume, owing to its enhanced functional characteristics that prove crucial to bakeries & confectionaries across the country
Other fractions & derivatives have also witnessed significant growth in recent years owing to the growing popularity of blended oils in the food sector
Key players including Abu Dhabi Vegetable Oil Co., FELDA IFFCO, United Foods Company, Amira Nature Foods Ltd., ACCL International, Nuhu General Trading LLC, AA Middle East FZE, HAS Commodities, and AJWA MIGOP among others
Increasing demand for high-quality food products from tourists as well as local consumers has driven its demand. Its fractions and derivatives are also widely utilized as alternatives for expensive bakery fats and vegetable oils including groundnut, coconut & sunflower. Additionally, food & beverage processors are increasingly opting for the product owing to its high availability, lower cost & high yield in limited cultivation space.
Crude palm oil (CPO) emerged as the dominant product category in 2015 with over 90% market share. Volatile petroleum prices along with rising awareness regarding sustainable energy & raw material source have boosted the demand for inexpensive & sustainable oils. CPO has garnered high interest mainly in cooking (edible) applications owing to its flavor compatibility, nutritional content and health benefits.
Cosmetics are expected to witness highest growth rate of 10.4% CAGR among all applcations. Strong consumer confidence & growing fashion & beauty consciousness, boosted by media exposure & Western influences have had a positive impact on the industry. The oil is used as an emollient, surfactant, moisturizer and other cosmetic agent owing to its high dermatological compatibility and low cost.
Further key findings from the report suggest:
The UAE palm oil market exceeded 155 kilo tons in 2015 and is expected to grow at about 8.2% CAGR from 2016 to 2025
The shift in trend towards production of high-quality oleo chemicals is expected to generate lucrative opportunities for industry participants over the near future
The transition towards sustainable and renewable energy sources has significantly driven palm oil demand in biodiesel and bio-fuel applications since the biomass yields high amount of energy even when processed in small quantities
Rapid expansion of the construction sector has also contributed to palm lubricants demand in heavy-equipment and machinery in residential as well as commercial applications
The palm stearin segment is anticipated to grow at a CAGR of 8.6% in terms of volume, owing to its enhanced functional characteristics that prove crucial to bakeries & confectionaries across the country
Other fractions & derivatives have also witnessed significant growth in recent years owing to the growing popularity of blended oils in the food sector
Key players including Abu Dhabi Vegetable Oil Co., FELDA IFFCO, United Foods Company, Amira Nature Foods Ltd., ACCL International, Nuhu General Trading LLC, AA Middle East FZE, HAS Commodities, and AJWA MIGOP among others
CHAPTER 1 METHODOLOGY AND SCOPE
1.1 Research methodology
1.2 Research scope and assumptions
1.3 List of data sources
1.4 List of abbreviations
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Market summary
CHAPTER 3 UAE PALM OIL MARKET VARIABLES, TRENDS & SCOPE
3.1 Market segmentation
3.2 Penetration & growth prospect mapping, 2014 - 2025
3.3 UAE palm oil market - value chain analysis
3.4 Raw material trend
3.4.1 Palm oil price determination
3.5 Regulatory framework
3.6 UAE palm oil market dynamics
3.6.1 Market driver analysis
3.6.1.1 Rising awareness regarding GMO based oils
3.6.1.2 Rapidly growing cosmetic industry
3.6.2 Market restraint analysis
3.6.2.1 High reliance on petroleum sector
3.7 Industry analysis - Porter’s
3.8 Key opportunities prioritized
3.9 UAE palm oil market - PESTEL analysis
3.9.1 Persisting issues & challenges ahead
CHAPTER 4 UAE PALM OIL MARKET: PRODUCT ESTIMATES & TREND ANALYSIS
4.1 Product market introduction, 2015 & 2025
4.2 Crude palm oil (CPO)
4.2.1 Market estimates & forecast, 2014 - 2025 (Tons) (USD Million)
4.2.2 Market estimates & forecast, by product, 2014 - 2025 (Tons) (USD Million)
4.2.2.1 Refined, bleached & deodorized (RBD) palm oil
4.2.2.2 Palm stearin
4.2.2.3 Palm olein
4.3 Palm kernel
4.3.1 Market estimates & forecast, 2014 - 2025 (Tons) (USD Million)
4.3.2 Market estimates & forecast, by product, 2014 - 2025 (Tons) (USD Million)
4.3.2.1 Palm kernel oil
4.3.2.2 Palm kernel cake
CHAPTER 5 UAE PALM OIL MARKET: APPLICATION ESTIMATES & TREND ANALYSIS
5.1 Application market introduction, 2015 & 2025
5.2 Edible oil
5.2.1 Market estimates & forecast, 2014 - 2025 (Tons) (USD Million)
5.3 Cosmetics
5.3.1 Market estimates & forecast, 2014 - 2025 (Tons) (USD Million)
5.4 Bio-diesel
5.4.1 Market estimates & forecast, 2014 - 2025 (Tons) (USD Million)
5.5 Lubricants
5.5.1 Market estimates & forecast, 2014 - 2025 (Tons) (USD Million)
5.6 Surfactants
5.6.1 Market estimates & forecast, 2014 - 2025 (Tons) (USD Million)
5.7 Others
5.7.1 Market estimates & forecast, 2014 - 2025 (Tons) (USD Million)
CHAPTER 6 TRADE LANDSCAPE
6.1 UAE palm oil production, and demand-supply scenario
6.2 Palm oil & derivative imports, 2012-2015
6.3 Palm oil & derivative exports, 2012-2015
6.4 Competitiveness of Malaysian and Indonesian imports
6.4.1 Average selling price of crude & refined palm oil from Malaysia and Indonesia
6.4.2 Palm oil exports, by country of origin & ports
6.4.3 Export duties in Indonesia and Malaysia
6.4.4 Conclusion
6.5 UAE palm oil import duty structure
CHAPTER 7 COMPETITIVE LANDSCAPE
7.1 UAE palm oil company heat map analysis
7.2 Vendor landscape
7.3 Competitive environment
7.4 Strategy framework
CHAPTER 8 COMPANY PROFILES
8.1 Abu Dhabi Vegetable Oil Co LLC
8.1.1 Company overview
8.1.2 Financial performance
8.1.3 Industries and services catered
8.1.4 Product benchmarking
8.2 ACCL International
8.2.1 Company overview
8.2.2 Financial performance
8.2.3 Industries and services catered
8.2.4 Product benchmarking
8.3 Nuha General Trading LLC
8.3.1 Company overview
8.3.2 Financial performance
8.3.3 Industries and services catered
8.3.4 Product benchmarking
8.4 Omani Vegetable Oils & Derivatives Co. LLC
8.4.1 Company overview
8.4.2 Financial performance
8.4.3 Industries and services catered
8.4.4 Product benchmarking
8.5 Amira Nature Foods Ltd.
8.5.1 Company overview
8.5.2 Financial performance
8.5.3 Industries and services catered
8.5.4 Product benchmarking
8.5.5 Strategic initiatives
8.6 AA Middle East FZE
8.6.1 Company overview
8.6.2 Financial performance
8.6.3 Industries and services catered
8.6.4 Product benchmarking
8.7 FELDA IFFCO
8.7.1 Company overview
8.7.2 Financial performance
8.7.3 Industries and services catered
8.7.4 Product benchmarking
8.8 Asia & Africa General Trading LLC
8.8.1 Company overview
8.8.2 Financial performance
8.8.3 Industries and services catered
8.8.4 Product benchmarking
8.9 United Foods Company
8.9.1 Company overview
8.9.2 Financial performance
8.9.3 Industries and services catered
8.9.4 Product benchmarking
8.10 AJWA MIGOP
8.10.1 Company overview
8.10.2 Financial performance
8.10.3 Industries and services catered
8.10.4 Product benchmarking
8.11 Zakaria & Ghaniwala General Trading Co. LLC
8.11.1 Company overview
8.11.2 Financial performance
8.11.3 Industries and services catered
8.11.4 Product benchmarking
8.12 HAS Commodities Ltd.
8.12.1 Company overview
8.12.2 Financial performance
8.12.3 Industries and services catered
8.12.4 Product benchmarking
1.1 Research methodology
1.2 Research scope and assumptions
1.3 List of data sources
1.4 List of abbreviations
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Market summary
CHAPTER 3 UAE PALM OIL MARKET VARIABLES, TRENDS & SCOPE
3.1 Market segmentation
3.2 Penetration & growth prospect mapping, 2014 - 2025
3.3 UAE palm oil market - value chain analysis
3.4 Raw material trend
3.4.1 Palm oil price determination
3.5 Regulatory framework
3.6 UAE palm oil market dynamics
3.6.1 Market driver analysis
3.6.1.1 Rising awareness regarding GMO based oils
3.6.1.2 Rapidly growing cosmetic industry
3.6.2 Market restraint analysis
3.6.2.1 High reliance on petroleum sector
3.7 Industry analysis - Porter’s
3.8 Key opportunities prioritized
3.9 UAE palm oil market - PESTEL analysis
3.9.1 Persisting issues & challenges ahead
CHAPTER 4 UAE PALM OIL MARKET: PRODUCT ESTIMATES & TREND ANALYSIS
4.1 Product market introduction, 2015 & 2025
4.2 Crude palm oil (CPO)
4.2.1 Market estimates & forecast, 2014 - 2025 (Tons) (USD Million)
4.2.2 Market estimates & forecast, by product, 2014 - 2025 (Tons) (USD Million)
4.2.2.1 Refined, bleached & deodorized (RBD) palm oil
4.2.2.2 Palm stearin
4.2.2.3 Palm olein
4.3 Palm kernel
4.3.1 Market estimates & forecast, 2014 - 2025 (Tons) (USD Million)
4.3.2 Market estimates & forecast, by product, 2014 - 2025 (Tons) (USD Million)
4.3.2.1 Palm kernel oil
4.3.2.2 Palm kernel cake
CHAPTER 5 UAE PALM OIL MARKET: APPLICATION ESTIMATES & TREND ANALYSIS
5.1 Application market introduction, 2015 & 2025
5.2 Edible oil
5.2.1 Market estimates & forecast, 2014 - 2025 (Tons) (USD Million)
5.3 Cosmetics
5.3.1 Market estimates & forecast, 2014 - 2025 (Tons) (USD Million)
5.4 Bio-diesel
5.4.1 Market estimates & forecast, 2014 - 2025 (Tons) (USD Million)
5.5 Lubricants
5.5.1 Market estimates & forecast, 2014 - 2025 (Tons) (USD Million)
5.6 Surfactants
5.6.1 Market estimates & forecast, 2014 - 2025 (Tons) (USD Million)
5.7 Others
5.7.1 Market estimates & forecast, 2014 - 2025 (Tons) (USD Million)
CHAPTER 6 TRADE LANDSCAPE
6.1 UAE palm oil production, and demand-supply scenario
6.2 Palm oil & derivative imports, 2012-2015
6.3 Palm oil & derivative exports, 2012-2015
6.4 Competitiveness of Malaysian and Indonesian imports
6.4.1 Average selling price of crude & refined palm oil from Malaysia and Indonesia
6.4.2 Palm oil exports, by country of origin & ports
6.4.3 Export duties in Indonesia and Malaysia
6.4.4 Conclusion
6.5 UAE palm oil import duty structure
CHAPTER 7 COMPETITIVE LANDSCAPE
7.1 UAE palm oil company heat map analysis
7.2 Vendor landscape
7.3 Competitive environment
7.4 Strategy framework
CHAPTER 8 COMPANY PROFILES
8.1 Abu Dhabi Vegetable Oil Co LLC
8.1.1 Company overview
8.1.2 Financial performance
8.1.3 Industries and services catered
8.1.4 Product benchmarking
8.2 ACCL International
8.2.1 Company overview
8.2.2 Financial performance
8.2.3 Industries and services catered
8.2.4 Product benchmarking
8.3 Nuha General Trading LLC
8.3.1 Company overview
8.3.2 Financial performance
8.3.3 Industries and services catered
8.3.4 Product benchmarking
8.4 Omani Vegetable Oils & Derivatives Co. LLC
8.4.1 Company overview
8.4.2 Financial performance
8.4.3 Industries and services catered
8.4.4 Product benchmarking
8.5 Amira Nature Foods Ltd.
8.5.1 Company overview
8.5.2 Financial performance
8.5.3 Industries and services catered
8.5.4 Product benchmarking
8.5.5 Strategic initiatives
8.6 AA Middle East FZE
8.6.1 Company overview
8.6.2 Financial performance
8.6.3 Industries and services catered
8.6.4 Product benchmarking
8.7 FELDA IFFCO
8.7.1 Company overview
8.7.2 Financial performance
8.7.3 Industries and services catered
8.7.4 Product benchmarking
8.8 Asia & Africa General Trading LLC
8.8.1 Company overview
8.8.2 Financial performance
8.8.3 Industries and services catered
8.8.4 Product benchmarking
8.9 United Foods Company
8.9.1 Company overview
8.9.2 Financial performance
8.9.3 Industries and services catered
8.9.4 Product benchmarking
8.10 AJWA MIGOP
8.10.1 Company overview
8.10.2 Financial performance
8.10.3 Industries and services catered
8.10.4 Product benchmarking
8.11 Zakaria & Ghaniwala General Trading Co. LLC
8.11.1 Company overview
8.11.2 Financial performance
8.11.3 Industries and services catered
8.11.4 Product benchmarking
8.12 HAS Commodities Ltd.
8.12.1 Company overview
8.12.2 Financial performance
8.12.3 Industries and services catered
8.12.4 Product benchmarking
LIST OF TABLES
Table 1 Key international regulations & their impact on the palm oil industry
Table 2 CPO market estimates & forecast, 2014 - 2025 (Tons) (USD Million)
Table 3 CPO market volume, by product, 2014 - 2025 (Tons)
Table 4 CPO market revenue, by product, 2014 - 2025 (USD Million)
Table 5 RBD palm oil market estimates & forecast, 2014 - 2025 (Tons) (USD Million)
Table 6 Palm stearin market estimates & forecast, 2014 - 2025 (Tons) (USD Million)
Table 7 Palm olein market estimates & forecast, 2014 - 2025 (Tons) (USD Million)
Table 8 Palm kernel market estimates & forecast, 2014 - 2025 (Tons) (USD Million)
Table 9 Palm kernel market volume, by product, 2014 - 2025 (Tons)
Table 10 Palm kernel market revenue, by product, 2014 - 2025 (USD Million)
Table 11 PKO market estimates & forecast, 2014 - 2025 (Tons) (USD Million)
Table 12 PKC market estimates & forecast, 2014 - 2025 (Tons) (USD Million)
Table 13 Palm oil market estimates & forecast, in edible oil, 2014 - 2025 (Tons) (USD Million)
Table 14 Palm oil market estimates & forecast, in cosmetics, 2014 - 2025 (Tons) (USD Million)
Table 15 Palm oil market estimates & forecast, in bio-diesel, 2014 - 2025 (Tons) (USD Million)
Table 16 Palm oil market estimates & forecast, in lubricants, 2014 - 2025 (Tons) (USD Million)
Table 17 Palm oil market estimates & forecast, in surfactants, 2014 - 2025 (Tons) (USD Million)
Table 18 Palm oil market estimates & forecast, in other applications, 2014 - 2025 (Tons) (USD Million)
Table 19 UAE palm oil supply-demand landscape
Table 20 UAE palm oil & derivative imports (Metric Tons)
Table 21 UAE palm oil & derivative imports (USD Million)
Table 22 Leading origins of import, crude palm oil, 2015
Table 23 Leading origins of import, refined palm oil, 2015
Table 24 UAE palm oil & derivative exports (Metric Tons)
Table 25 UAE palm oil & derivative exports (USD Million)
Table 26 Import price comparison for crude palm oil (USD/Ton)
Table 27 Import price comparison for refined palm oil (USD/Ton)
Table 28 Indonesia crude & RBD palm oil export volume, by port, 2015 (Metric Tons)
Table 29 Malaysia crude & RBD palm oil export volume, by port, 2012 & 2013 (Metric Tons)
Table 30 Indonesia palm oil export taxes
Table 31 Malaysia palm oil export taxes, 2015
Table 32 UAE palm oil company heat map analysis
Table 1 Key international regulations & their impact on the palm oil industry
Table 2 CPO market estimates & forecast, 2014 - 2025 (Tons) (USD Million)
Table 3 CPO market volume, by product, 2014 - 2025 (Tons)
Table 4 CPO market revenue, by product, 2014 - 2025 (USD Million)
Table 5 RBD palm oil market estimates & forecast, 2014 - 2025 (Tons) (USD Million)
Table 6 Palm stearin market estimates & forecast, 2014 - 2025 (Tons) (USD Million)
Table 7 Palm olein market estimates & forecast, 2014 - 2025 (Tons) (USD Million)
Table 8 Palm kernel market estimates & forecast, 2014 - 2025 (Tons) (USD Million)
Table 9 Palm kernel market volume, by product, 2014 - 2025 (Tons)
Table 10 Palm kernel market revenue, by product, 2014 - 2025 (USD Million)
Table 11 PKO market estimates & forecast, 2014 - 2025 (Tons) (USD Million)
Table 12 PKC market estimates & forecast, 2014 - 2025 (Tons) (USD Million)
Table 13 Palm oil market estimates & forecast, in edible oil, 2014 - 2025 (Tons) (USD Million)
Table 14 Palm oil market estimates & forecast, in cosmetics, 2014 - 2025 (Tons) (USD Million)
Table 15 Palm oil market estimates & forecast, in bio-diesel, 2014 - 2025 (Tons) (USD Million)
Table 16 Palm oil market estimates & forecast, in lubricants, 2014 - 2025 (Tons) (USD Million)
Table 17 Palm oil market estimates & forecast, in surfactants, 2014 - 2025 (Tons) (USD Million)
Table 18 Palm oil market estimates & forecast, in other applications, 2014 - 2025 (Tons) (USD Million)
Table 19 UAE palm oil supply-demand landscape
Table 20 UAE palm oil & derivative imports (Metric Tons)
Table 21 UAE palm oil & derivative imports (USD Million)
Table 22 Leading origins of import, crude palm oil, 2015
Table 23 Leading origins of import, refined palm oil, 2015
Table 24 UAE palm oil & derivative exports (Metric Tons)
Table 25 UAE palm oil & derivative exports (USD Million)
Table 26 Import price comparison for crude palm oil (USD/Ton)
Table 27 Import price comparison for refined palm oil (USD/Ton)
Table 28 Indonesia crude & RBD palm oil export volume, by port, 2015 (Metric Tons)
Table 29 Malaysia crude & RBD palm oil export volume, by port, 2012 & 2013 (Metric Tons)
Table 30 Indonesia palm oil export taxes
Table 31 Malaysia palm oil export taxes, 2015
Table 32 UAE palm oil company heat map analysis
LIST OF FIGURES
Fig. 1 UAE palm oil market snapshot
Fig. 2 UAE palm oil market segmentation
Fig. 3 UAE palm oil market volume & revenue, 2014 - 2025 (Tons) (USD Million)
Fig. 4 UAE palm oil value chain analysis
Fig. 5 UAE palm oil market dynamics
Fig. 6 UAE palm oil market driver impact
Fig. 7 UAE non-GMO sales, 2010 to 2014 (USD Billion)
Fig. 8 UAE cosmetics sales, by segments 2015 (USD Million)
Fig. 9 UAE palm oil market restraint impact
Fig. 10 UAE GDP growth rate, 2007 – 2015 (percentage)
Fig. 11 UAE palm oil market – Porter’s analysis
Fig. 12 Key opportunities prioritized
Fig. 13 PESTEL analysis
Fig. 14 UAE palm oil market volume by product, 2015 & 2025
Fig. 15 CPO market volume trend, 2014 - 2025
Fig. 16 RBD palm oil market volume trend, 2014 - 2025
Fig. 17 Palm stearin market volume trend, 2014 - 2025
Fig. 18 Palm olein market volume trend, 2014 - 2025
Fig. 19 Palm kernel market volume trend, 2014 - 2025
Fig. 20 Palm kernel oil market volume trend, 2014 - 2025
Fig. 21 Palm kernel cake market volume trend, 2014 - 2025
Fig. 22 UAE palm oil market volume by application, 2015 & 2025
Fig. 23 Indonesia palm oil exports share, by port, 2015
Fig. 24 Malaysia palm oil exports share, by port, 2015
Fig. 25 Competitive environment
Fig. 26 Strategy framework
Fig. 1 UAE palm oil market snapshot
Fig. 2 UAE palm oil market segmentation
Fig. 3 UAE palm oil market volume & revenue, 2014 - 2025 (Tons) (USD Million)
Fig. 4 UAE palm oil value chain analysis
Fig. 5 UAE palm oil market dynamics
Fig. 6 UAE palm oil market driver impact
Fig. 7 UAE non-GMO sales, 2010 to 2014 (USD Billion)
Fig. 8 UAE cosmetics sales, by segments 2015 (USD Million)
Fig. 9 UAE palm oil market restraint impact
Fig. 10 UAE GDP growth rate, 2007 – 2015 (percentage)
Fig. 11 UAE palm oil market – Porter’s analysis
Fig. 12 Key opportunities prioritized
Fig. 13 PESTEL analysis
Fig. 14 UAE palm oil market volume by product, 2015 & 2025
Fig. 15 CPO market volume trend, 2014 - 2025
Fig. 16 RBD palm oil market volume trend, 2014 - 2025
Fig. 17 Palm stearin market volume trend, 2014 - 2025
Fig. 18 Palm olein market volume trend, 2014 - 2025
Fig. 19 Palm kernel market volume trend, 2014 - 2025
Fig. 20 Palm kernel oil market volume trend, 2014 - 2025
Fig. 21 Palm kernel cake market volume trend, 2014 - 2025
Fig. 22 UAE palm oil market volume by application, 2015 & 2025
Fig. 23 Indonesia palm oil exports share, by port, 2015
Fig. 24 Malaysia palm oil exports share, by port, 2015
Fig. 25 Competitive environment
Fig. 26 Strategy framework
