| Product Code: ETC410615 | Publication Date: Oct 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In the Saudi Arabia high erucic acid rapeseed oil market, the import trend experienced a notable decrease from 2023 to 2024, with a growth rate of -42.14%. However, the compound annual growth rate (CAGR) for 2020-2024 stood at a robust 47.78%. This decline in import momentum could be attributed to shifting demand patterns or alterations in trade policies impacting market stability.
The high erucic acid rapeseed oil market in Saudi Arabia has shown potential growth due to its applications in industrial and nutritional sectors. This specialty oil is used in industrial processes and as a feedstock for specific chemical compounds. Additionally, ongoing research into its potential health benefits has contributed to a growing market segment for nutritional purposes. However, market growth may be influenced by regulatory considerations and competition from other edible oils.
The Saudi Arabia high erucic acid rapeseed oil market is driven by the demand for specialized edible oils with specific fatty acid profiles. High erucic acid rapeseed oil finds applications in industrial sectors as well, such as in lubricants and bio-based materials, contributing to its market growth.
The high erucic acid rapeseed oil market in Saudi Arabia faces challenges in terms of promoting the usage of this specialized oil in applications such as industrial lubricants and biofuels. Educating industries about its benefits, addressing concerns related to feedstock availability, and establishing efficient extraction processes are key hurdles. Additionally, navigating regulatory frameworks and ensuring the safety and quality of high erucic acid rapeseed oil products present ongoing challenges.
The COVID-19 pandemic impacted the high erucic acid rapeseed oil market in Saudi Arabia, particularly due to disruptions in the food processing and manufacturing sectors. The reduced demand from the foodservice industry, including restaurants and cafes, led to decreased consumption of cooking oils, including high erucic acid rapeseed oil. Additionally, supply chain interruptions affected the availability of raw materials for oil production. However, as home cooking gained prominence during lockdowns and movement restrictions, the demand for cooking oils experienced a shift. The market started recovering as the food industry adapted to changing consumer behaviors and the reopening of businesses.
The Saudi Arabia high erucic acid rapeseed oil market is primarily driven by the country`s leading players such as Bashir Seeds & Fertilizers Company, Agritec Trading Corporation Ltd., and Al-Othman Industrial Oils Co. Ltd.