Industry Insights
Demand in the industry is mainly dependent on the trend of using renewable and halal certified cosmetics and the growth of processed foods sector. The strategic position of the country provides easy access to three continents of Europe, Africa, and Asia. Dubai is a prominent hub for exports to other GCC countries. Further, the establishment of several free trade zones is some of the factors leading to an increase in oil exports.
The UAE cosmetic industry is experiencing an accelerated growth. Increasing exposure to international beauty trends and products coupled with the impact of social networking has made the people more conscious about their personal appearances. Growing awareness regarding the benefits of using natural products had led to a huge expansion in the cosmetic industry.
UAE palm oil market volume by product, 2014 - 2025 (Tons)
Increasing demand from food & cosmetics sector is expected to drive product demand in the future. The product finds application across various end-use industries that include food & beverages, animal feed, lubricants, and renewable fuels among others.
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Product Insights
CPO is majorly used as an edible oil and finds high demand among food manufacturers, and this is particularly due to CPO’s cheaper pricing compared to other cooking oils and its healthier properties as a cooking medium. The refined form of the oil it can be used for direct consumption and cooking applications. RBD products are also popularly used in bakery, confections, frying, and food processing applications. CPO is increasingly being used as a biofuel.
With governments across the world ratifying Paris Climate Accord, the demand for alternative sources of energy has greatly increased. PKO is specifically used in confectionery fats, or cocoa butter substitute (CBS) and cocoa butter equivalent (CBE). It also has applications in the cosmetics, biodiesel, surfactants, animal feed, and lubricants businesses.
Application Insights
Consumers spend around USD 6.85 million 2015 on beauty and personal care products. The cosmetic industry is expected to experience an exponential growth. Exposure to social networking and consequent rise in awareness regarding beauty care and personal grooming had a positive influence on past growth trajectory.
Bio-diesel currently represents a smaller size of the industry; however, the segment is projected register considerable gains particularly due to regulations encouraging green-fuels and also due to the country’s position as a global petroleum hub. The country’s biodiesel sector has also been gaining acceptance among general populace and further encouraging the industry to ramp-up production.
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Report Scope
| Attribute | Details |
| Base year for estimation | 2015 |
| Actual estimates/Historical data | 2014 - 2015 |
| Forecast period | 2016 - 2025 |
| Market representation | Volume in tons, revenue in USD Million and CAGR from 2016 to 2025 |
| Regional scope | United Arab Emirates |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors and trends |
| 15% free customization scope (equivalent to 5 analyst working days) | If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization |
