| Product Code: ETC020579 | Publication Date: Jul 2023 | Updated Date: Feb 2026 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
In 2024, Saudi Arabia`s vegetable oils market saw a steady increase in imports, driven by rising consumer demand and expanding food processing industries. The market experienced a notable surge in imported vegetable oils, reflecting a growing reliance on external sources to meet domestic consumption needs.

Vegetable oils are edible plant-based oils derived from fruits, nuts, and seeds. Some of the most widely used vegetable oils include palm oil, soybean oil, sunflower oil, canola/rapeseed oil, coconut oil, olive oil and corn/maize germ oil. Saudi Arabia is among the largest producers and consumers of vegetable oils in the Middle East region. The production of major crops such as dates has driven demand for date byproducts such as date seed cake and deodorized crude palm kernel (CPKO) which are then processed into different types of vegetable oils such as palm olein or RBD Palm Olein.
The growing urban population coupled with increasing health consciousness amongst consumers have caused a rise in demand for healthier food options including healthy fats which increases consumption of vegetable-based cooking oils across Saudi Arabia. Other factors fueling growth include technological advancements leading to greater efficiency in production processes; government regulations favoring locally produced products; rising disposable incomes allowing increased spending on packaged foods containing cooking ingredients like these types of edible fats; changing consumer preferences towards convenience cooked foods; growing veganism trend etc., resulting in an increase in domestic market potential for edible vegetable based oils.
Increasing competition from other cooking oil sources such as butter substitutes, margarine, animal fats and hydrogenated oils. High prices of raw materials due to global supply chain disruptions caused by COVID-19 pandemic, and Stringent government regulations for quality control and labelling requirements.
The COVID-19 pandemic has had a significant impact on the vegetable oil industry due to supply chain disruptions caused by lockdowns across various countries leading to decreased exports as well as reduced local consumption. However, with easing lockdown restrictions across many parts of the world, it is expected that demand for edible oil will eventually pick up once again in 2025.
Some key players operating in Saudi Arabia Vegetable Oils Market include Wilmar International Ltd., Cargill Incorporated, Bunge Limited, ADM Agro Industries Ltd., IOI Group Bhd., Jati Oil Mills Sdn Bhd , Golden Fox Edible Oils Co., IMC Agrifoods Pvt Ltd., Pacific Coast Canola LLC,.etc.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Vegetable oils Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Vegetable oils Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Vegetable oils Market - Industry Life Cycle |
3.4 Saudi Arabia Vegetable oils Market - Porter's Five Forces |
3.5 Saudi Arabia Vegetable oils Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 Saudi Arabia Vegetable oils Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Saudi Arabia Vegetable oils Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing health awareness among consumers driving demand for healthier cooking oils. |
4.2.2 Growth in the food processing industry leading to higher consumption of vegetable oils. |
4.2.3 Government initiatives promoting domestic production of vegetable oils to reduce reliance on imports. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting the cost of production. |
4.3.2 Intense competition among key market players leading to price wars. |
4.3.3 Changing consumer preferences towards alternative cooking oils such as olive oil or coconut oil. |
5 Saudi Arabia Vegetable oils Market Trends |
6 Saudi Arabia Vegetable oils Market, By Types |
6.1 Saudi Arabia Vegetable oils Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Vegetable oils Market Revenues & Volume, By Types, 2021-2031F |
6.1.3 Saudi Arabia Vegetable oils Market Revenues & Volume, By Palm Oil, 2021-2031F |
6.1.4 Saudi Arabia Vegetable oils Market Revenues & Volume, By Soybean Oil, 2021-2031F |
6.1.5 Saudi Arabia Vegetable oils Market Revenues & Volume, By Rapeseed Oil, 2021-2031F |
6.1.6 Saudi Arabia Vegetable oils Market Revenues & Volume, By Sunflower Oil, 2021-2031F |
6.1.7 Saudi Arabia Vegetable oils Market Revenues & Volume, By Olive Oil, 2021-2031F |
6.1.8 Saudi Arabia Vegetable oils Market Revenues & Volume, By Others, 2021-2031F |
6.2 Saudi Arabia Vegetable oils Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Vegetable oils Market Revenues & Volume, By Food, 2021-2031F |
6.2.3 Saudi Arabia Vegetable oils Market Revenues & Volume, By Feed, 2021-2031F |
6.2.4 Saudi Arabia Vegetable oils Market Revenues & Volume, By Industrial, 2021-2031F |
7 Saudi Arabia Vegetable oils Market Import-Export Trade Statistics |
7.1 Saudi Arabia Vegetable oils Market Export to Major Countries |
7.2 Saudi Arabia Vegetable oils Market Imports from Major Countries |
8 Saudi Arabia Vegetable oils Market Key Performance Indicators |
8.1 Average selling price of vegetable oils in the Saudi market. |
8.2 Consumer awareness and perception of health benefits associated with vegetable oils. |
8.3 Percentage of domestic production compared to imports in the vegetable oils market. |
8.4 Investment in research and development for product innovation in the vegetable oils sector. |
8.5 Adoption rate of healthier cooking oils in households and food establishments. |
9 Saudi Arabia Vegetable oils Market - Opportunity Assessment |
9.1 Saudi Arabia Vegetable oils Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 Saudi Arabia Vegetable oils Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Saudi Arabia Vegetable oils Market - Competitive Landscape |
10.1 Saudi Arabia Vegetable oils Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Vegetable oils Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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