GCC Canola Oil Market 2022: Industry Analysis, Size, Share, Growth, Price Trends and Forecast till 2027 | Syndicated Analytics
“GCC Canola Oil Market: Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the GCC canola oil based on its segments including type, end use and region. The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter's Five Forces models.
Report Metrics
Historical Year: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
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Canola oil is an edible vegetable oil which is extracted from a variety of the rapeseed plant that is low in erucic acid. It is a rich source of omega-3 and omega-6 fatty acids, monosaturated fats, vitamin E, etc. In comparison to other vegetable oils, canola oil contains lower quantities of saturated fats. Consequently, it offers several health benefits, including decreasing inflammation, improving metabolism, assisting in the overall development of infants, protecting against strokes and heart attacks, etc. As a result, canola oil is extensively used in culinary processes, lubricants, biofuels, personal care products, etc.
Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience and overall performance of businesses.
GCC Canola Oil Industry Trends and Drivers:
The escalating incidences of cardiovascular diseases are among the key factors driving the GCC canola oil market. In line with this, canola oil contains high levels of oleic acid that helps in lowering cholesterol levels, which is further bolstering the market growth. Moreover, the elevating product demand in the cosmetic and personal care sectors, on account of its anti-aging properties, which aid in reducing fine lines, blemishes, wrinkles, etc., is acting as another significant growth-inducing factor. Apart from this, the increasing utilization of canola oil in salad dressings is also augmenting the market growth across the GCC. Additionally, the residual materials from the canola oil production process have substantial amounts of amino acid. As a result, they are widely utilized in livestock feed for providing minerals, vitamins, and fiber to animals, which is projected to catalyze the GCC canola oil market over the forecasted period.
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GCC Canola Oil Market Segmentation:
The market is segmented in on the basis of type, end use and region.
Type
End use
RegionNorth America
Europe
Asia Pacific
Latin America
Middle East and Africa
Competitive Landscape:
The report also provides insights on the competitive landscape of the GCC canola oil industry with the leading players profiled in the report.
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