Saudi Arabia Specialty Fats & Oils Market By Type (Specialty Oil & Specialty Fat), By Form (Liquid, Semi-Solid, etc.), By Functionality (Filling, etc.), By Application (Chocolates & Confectioneries, etc.), Competition, Forecast & Opportunities, 2024

Saudi Arabia specialty fats & oils market stood at $ 177 million in 2017 and is projected to reach $ 281 million by 2024 on account of uncertainty in the availability of cocoa butter along with its higher price. This factor is pushing chocolate manufacturers, confectionaries and bakeries to opt for cocoa butter alternatives. Moreover, specialty fats and oils have enhanced viscosity, which is the reason for they being highly preferred in manufacturing of confectionery products. Additionally, people are now becoming more conscious about their health and are shifting towards a healthy diet to reduce the risk of cholesterol and cardiac diseases, which is further likely to propel demand for specialty fats and oils across Saudi Arabia over the coming years.

Years Considered for this Report:

Historical Years: 2013 – 2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019 – 2024

Objective of the Study:

• The primary objective of the study was to evaluate and forecast Saudi Arabia specialty fats & oils market.
• To categorize the market on the basis of type, form, functionality, application, region and company.
• To understand major policies and regulations which can positively or negatively impact Saudi Arabia specialty fats & oils market.
• To identify major drivers, challenges and trends in Saudi Arabia specialty fats & oils market.
• To identify major customers and distributors of specialty fats & oils market.
• To evaluate pricing analysis of Saudi Arabia specialty fats & oils market.
• To identify and profile major companies operating in Saudi Arabia specialty fats & oils market.

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Some of the major players operating in Saudi Arabia specialty fats & oils market include Delmon Products Limited (IFFCO), Cargill, Inc, Areej Vegetable Oils & Derivatives S.A.O.C, Wilmar International Limited, Arab Malaysian Vegetable Oil Products Company Limited, Pacific Oils & Fats Industry Sdn Bhd, Mewah International Group, Parisons Group, AAK Kamani Private Limited, Fuji Oil Asia PTE. Limited, etc.

To extract data for Saudi Arabia specialty fats & oils market, primary research surveys were conducted with specialty fats and oils manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, TechSci Research analyzed various end user segments and projected a positive outlook for Saudi Arabia specialty fats & oils market over the coming years.

TechSci Research calculated Saudi Arabia specialty fats & oils market size using a bottom-up approach, wherein manufacturers’ value sales data for types (specialty fats and specialty oils) was recorded and forecast for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, Association Reports, Annual Reports, Ministry of Corporate Affairs, Malaysian Palm Oil Board (MPOB), Central Intelligence Agency (CIA), United States Department of Agriculture Foreign Agriculture Services, Japan External Trade Organization, General Authority of Statistics (GAStats) – Kingdom of Saudi Arabia, etc. were also studied by TechSci Research.

Key Target Audience:

• Specialty fats and oils manufacturers and other stakeholders
• Major end users of specialty fats and oils
• Organizations, forums and alliances related to specialty fats and oils
• Government bodies such as regulating authorities and policy makers
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as specialty fats and oils manufacturers, customers and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities.

Report Scope:

In this report, Saudi Arabia specialty fats & oils market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Market, By Type:
• Specialty fats
• Specialty fats and oils

• Market, By Form:

• Solid
• Semi-Solid
• Liquid
• Market, By Functionality:
• Molding
• Texturing
• Filling
• Coating
• Health
• Others
•          Market, By Application:

o   Processed Foods

o   Chocolates & Confectionaries

o   Bakery

o   Dairy Products

o   Others

•          Market, By Region:
• Western Province
• Eastern Province
• Central Region
• Rest of Saudi Arabia
•          Market, By Company:
• Cargill, Inc.
• Wilmar International Limited
• Delmon Products Limited
• Pacific Oils & Fats Industry Sdn Bhd
• Mewah International Group
• Others

Competitive Landscape

Company Benchmarking: Benchmarking of leading players on the basis of type provided by them.

Company Profiles: Detailed analysis of major companies operating in Saudi Arabia specialty fats & oils market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. Following customization options are available for the report:

Channel Partner Analysis

• Detailed list of distributors and dealers across all the country.

Company Information

• Detailed analysis and profiling of additional market players (up to Ten).

Customer Profiling

• List of major customers

In case you can’t find what you are looking for, then please get in touch with our custom research team at [email protected]