In 2023, domestic food consumption of palm oil in the UAE stood at 218.0 thousand metric tons. Forecasts suggest a progressive increase in consumption from 2024 to 2028. The consumption is expected to rise from 229.0 thousand metric tons in 2024 to 272.0 thousand metric tons in 2028. This marks a year-on-year increase of 4.8% in 2024, 4.8% in 2025, 4.6% in 2026, and 4.4% in 2027. The compound annual growth rate (CAGR) over the next five years is projected to be approximately 4.6%.
Future trends to watch include potential shifts due to health-conscious consumer preferences, regulatory changes influencing palm oil imports, and innovations in alternative oils. Additionally, global price fluctuations and sustainability considerations may impact consumption patterns moving forward.
