Saudi Arabia's market for vegetable and animal oils and fats enjoys average annual growth of 22% over 2007-2012 due to increasing health and wellness trend and aggressive marketing campaigns by local producers and retailers.
Saudi Arabia heavily reliant on imports of oils and fats, which claim 96% of demand in 2012. Over 2007-2012 Kingdom's industry of oils and fats sees 20% CAGR as growth is slightly hindered by rising raw materials' prices. Industry heavily concentrated, served by almost 500 entities, with three leading players generating 60% of production. Industry expected to see 10% CAGR over 2013-2018 thanks to favorable population trends and health awareness in Saudi Arabia.
ifpinfo
10 June
