The vegetable oils market in the United Arab Emirates showed volatility from 2014 to 2023, with volume peaking at 97.0 thousand metric tons in 2014 and 2017. The lowest volume in this period was recorded at 86.45 thousand metric tons in 2020. By 2023, the market stood at 89.0 thousand metric tons, reflecting a slight year-on-year decline of 1.11%. Over the last five years, the market exhibited a minimal CAGR of -0.22%.
Looking forward, the market is forecasted to continue its slow decline, with an average annual decrease of -0.42% over the next five years, reaching approximately 86.83 thousand metric tons by 2028.
Future Trends to Watch For:
- Sustainability and eco-friendly sourcing practices.
- Technological advancements in oil extraction and processing.
- Health trends influencing consumer preferences.
