Saudi Arabia Edible Oil Market

Saudi Arabia Edible Oil Market Overview:

The Saudi Arabia edible oil market size reached USD 2.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 3.4 Billion by 2033, exhibiting a growth rate (CAGR) of 4.20% during 2025-2033. The growing demand for processed and convenient foods, technological advancements in oil production, and innovations in oil safety and authenticity are driving the expansion of Saudi Arabia edible oil market, as changing diets, busy lifestyles, and evolving consumer preferences demand for higher-quality, more efficient oil products.

Saudi Arabia Edible Oil Market Trends:

Growing Demand for Processed Foods and Convenience

The rising preference for processed and ready-to-eat (RTE) foods in Saudi Arabia is catalyzing the demand for edible oils, which are key ingredients in both industrial food production and home cooking. Rapid urbanization, changing dietary habits, and increasingly busy lifestyles have led consumers, especially among the working population and younger demographics, to favor convenience over traditional meal preparation. As a result, consumption of packaged foods, frozen meals, and fast food is growing, driving the need for consistent, high-quality edible oils that contribute to flavor, texture, and shelf stability. In 2024, the fast food sector in Saudi Arabia was valued at USD 9.4 billion, and as per IMARC Group, it is expected to grow to USD 17.4 billion by 2033, with a CAGR of 7.1% from 2025 to 2033. This expansion emphasizes the close connection between the edible oil industry and the wider foodservice sectors. In response to these trends, numerous producers are concentrating on product innovation, such as oils that can withstand higher temperatures or possess better fat profiles, to meet changing consumer demands. This shift in consumption patterns continues to fuel expansion across the edible oil market in Saudi Arabia.

Technological Advancements in Oil Production

Advancements in oil extraction and processing technologies are playing a central role in shaping the edible oil market in Saudi Arabia, allowing producers to enhance both quality and efficiency. Techniques like cold pressing, enzymatic processing, and precision filtration are improving oil yields, preserving nutritional value, and reducing production waste. These innovations are also enabling the development of oils with extended shelf life, better flavor profiles, and added health benefits, helping manufacturers cater to evolving consumer preferences. Automation in processing lines is streamlining operations and reducing labor costs, making premium edible oils more accessible in terms of pricing. Alongside these developments, food safety and authenticity are gaining prominence, especially with rising concerns over oil adulteration. In 2024, King Abdullah University of Science and Technology (KAUST), in collaboration with the Saudi Food and Drug Authority (SFDA), developed an innovative method using nuclear magnetic resonance (NMR) technology to detect adulterated olive oil. This method addressed growing concerns over olive oil fraud, particularly in Europe, and ensured product authenticity. The initiative aimed to protect consumers and improve food safety in Saudi Arabia. By integrating such advanced verification tools, the local industry is not only boosting consumer confidence but also aligning itself with international standards. These combined technological strides are paving the way for a stronger, more trusted edible oil production.

Saudi Arabia Edible Oil Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033. Our report has categorized the market based on product type, nature, distribution channel, and end use.

Product Type Insights:

• Palm Oil
• Soybean Oil
• Sunflower Oil
• Olive Oil
• Corn Oil
• Rapeseeds Oil
• Others

The report has provided a detailed breakup and analysis of the market based on the product type. This includes palm oil, soybean oil, sunflower oil, olive oil, corn oil, rapeseeds oil, and others.

Nature Insights:

• Organic
• Conventional

A detailed breakup and analysis of the market based on the nature have also been provided in the report. This includes organic and conventional.

Distribution Channel Insights:

• Business to Business
• Business to Consumer

The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes business to business and business to consumer.

End Use Insights:

• Industrial
• Food Service
• Retail

A detailed breakup and analysis of the market based on the end use have also been provided in the report. This includes industrial, food service, and retail.

Regional Insights:

• Northern and Central Region
• Western Region
• Eastern Region
• Southern Region

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern and Central Region, Western Region, Eastern Region, and Southern Region.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Saudi Arabia Edible Oil Market News:

• In May 2024, Pakistani and Saudi investors were set to establish a $5 million edible oil refinery in Saudi Arabia through a joint venture, with an agreement expected to be signed within six months. The project, supported by Saudi authorities, was set to allow 50% of the oil to be exported.
• In April 2024, IFFCO, a leading multinational FMCG group, participated as a platinum sponsor at SaudiFood Manufacturing 2024, scheduled for April 30 to May 2, 2024, at the Riyadh Front Exhibition Center. The company highlighted its carbon-neutral olive oil product and plant-based meat venture, THRYVE.

Saudi Arabia Edible Oil Market Report Coverage:

Key Questions Answered in This Report:

• How has the Saudi Arabia edible oil market performed so far and how will it perform in the coming years?
• What is the breakup of the Saudi Arabia edible oil market on the basis of product type?
• What is the breakup of the Saudi Arabia edible oil market on the basis of nature?
• What is the breakup of the Saudi Arabia edible oil market on the basis of distribution channel?
• What is the breakup of the Saudi Arabia edible oil market on the basis of end use?
• What is the breakup of the Saudi Arabia edible oil market on the basis of region?
• What are the various stages in the value chain of the Saudi Arabia edible oil market? 
• What are the key driving factors and challenges in the Saudi Arabia edible oil market?
• What is the structure of the Saudi Arabia edible oil market and who are the key players?
• What is the degree of competition in the Saudi Arabia edible oil market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Saudi Arabia edible oil market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Saudi Arabia edible oil market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Saudi Arabia edible oil industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.