According to www.techsciresearch.com Research Report- Saudi Arabia specialty fats & oils market stood at $ 177 million in 2017 and is projected to reach $ 281 million by 2024 on account of uncertainty in the availability of cocoa butter along with its higher price. This factor is pushing chocolate manufacturers, confectionaries and bakeries to opt for cocoa butter alternatives. Report URL- https://www.techsciresearch.com/report/saudi-arabia-specialty-fats-and-oils-market/2850.html

1. MARKET INTELLIGENCE . CONSULTING
PUBLISHED: January 2019
BY TYPE, BY FORM, BY FUNCTIONALITY, BY APPLICATION
COMPETITION, FORECAST & OPPORTUNITIES, 2013 - 2024
SAUDI ARABIA SPECIALTY FATS & OILS MARKET

2. 2© TechSci Research
S. No. Contents
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
4.1. Product Awareness
4.2. Brand Awareness
4.3. Brand Recall
4.4. Product Pricing
4.5. Challenges & Unmet Needs
5. Saudi Arabia Specialty Fats & Oils Market Overview
6. Saudi Arabia Specialty Fats & Oils Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Type (Specialty Fats & Specialty Oils)
6.2.2. By Form (Liquid, Semi Solid, Solid)
6.2.3. By Functionality (Molding, Texturing, Filling, Coating, Health and Others)
6.2.4.
By Application (Chocolates & Confectioneries, Processed Foods, Bakery Products,
Dairy Products and Others)
6.2.5. By Region
6.2.6 By Company
6.3. Market Attractiveness Index
6.3.1. By Type
T a b l e o f C o n t e n t s

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S. No. Contents
6.3.2 By Region
7. Saudi Arabia Specialty Oils Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1 By Application
7.3. Market Attractiveness Index (By Application)
8. Saudi Arabia Specialty Fats Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1 By Form
8.2.2 By Application
8.3 Market Attractiveness Index (By Application)
9. Price Point Analysis
10. Value Chain & Profitability Analysis
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Market Trends & Developments
13. Policy and Regulatory Landscape
14. Saudi Arabia Economic Profile
T a b l e o f C o n t e n t s

4. 4© TechSci Research
S. No. Contents
15. Competitive Landscape
15.1. Competitive Benchmarking
15.2. Company Profiles
15.2.1. Cargill, Inc
15.2.2. Wilmar International Limited
15.2.3. Delmon Products Limited (IFFCO)
15.2.4. Pacific Oils & Fats Industry Sdn Bhd
15.2.5. Mewah International Group
15.2.6. Parisons Group
15.2.7. AAK Kamani Private Limited
15.2.8. Fuji Oil Asia Pte. Limited
15.2.9. Areej Vegetable Oils & Derivatives S.A.O.C
15.2.10. Arab Malaysian Vegetable Oil Products Company Limited
16. Strategic Recommendations
17. About Us & Disclaimer
T a b l e o f C o n t e n t s

5. 5© TechSci Research
P r o d u c t O v e r v i e w
❑ Specialty oils constitute special category oils that contain high level of vital nutrients and vitamins for a well-
balanced diet. Specialty oils can be used for various purpose such as deep frying or simply adding flavor to the
food.
• Few of the prominent specialty oils used in a range of applications are palm oil, roasted walnut oil, toasted sesame
oil and white truffle oil.
❑ Specialty fats are derived from edible oils to increase their shelf life and to meet specific application requirements
of molding, coating, filling and extrusion in different industries.
• Examples of specialty fats - cocoa butter replacer, cocoa butter equivalent, coating fats, chocolate fats and oils,
filling fats, ice-cream fats, etc.
Specialty Fats and Oils, By Form
Applications
Chocolates &
Confectionaries
Processed Foods
Dairy Products
Bakery Products
Health
Others
Others include deep frying, ice cream making, coffee whiteners, cosmetics, etc.
Specialty Fats and Oils, By Application
Forms
Solid
Semi-Solid
Liquid

6. 6© TechSci Research
P r o d u c t O v e r v i e w
Refined Oil (For
example Palm Kernel
Oil, Coconut Oil)
• Hydrogenation
• Interesterification
• Fractionation
Modifications
Specialty Fats
Schematic Diagram for Production of Specialty Fats & Oils
Others include Non-dairy Creamer Fats, Coating Fats, etc.
Specialty Oils
(Increased shelf-
life, high
nutritional value,
etc.)
Fortification with
antioxidants,
vitamins, etc., to
increase the
nutritional value &
tested
Cocoa Butter
Substitute
Filling Fats
Ice Cream Fats
Others

7. © TechSci Research 7
R e s e a r c h M e t h o d o l o g y
A
C
B
Primary
Research
Company
Analysis
Desk
Research
❑ Identifying Key Opinion
Leaders
❑ Questionnaire Design
❑ In-depth Interviews
❑ Market Participants
❑ Key Strengths
❑ Recent
Developments
❑ Market Changing
Aspects/Dynamics
❑ Government
Policies
❑ Final Conclusion
❑ LinkedIn
❑ TechSci Internal
Database
❑ Factiva
❑ Hoovers
Paid Sources
❑ Company Website
❑ Company Annual
Reports
❑ White Paper Study
❑ Financial Reports
❑ Investor
Presentations
❑ Regulatory Body
❑ Associations, etc.
Secondary
Research
Primary
Research
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
•In-depth secondary research was conducted to
determine top players in Saudi Arabia Specialty
Fats & Oils market, overall market size and
segmental market size.
Market Profiling
•In order to conduct industry experts’ interviews,
TechSci formulated a detailed questionnaire.
Formulating Questionnaire
•List of industry players and industry specialists
was developed.
Developing List of Respondents
•TechSci conducted interviews with industry
experts and industry players for data collection
and verification.
Data Collection
•Data obtained as a result of primary and
secondary research was validated through
rigorous triangulation.
Data Validation
•The data was scrutinized using MS-Excel and
statistical tools, such as Time Series Analysis,
etc., to obtain qualitative and quantitative
insights about Saudi Arabia Specialty Fats & Oils
Market
Data Analysis

8. 8© TechSci Research
R e s e a r c h M e t h o d o l o g y
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of Saudi Arabia specialty fats & oils
market. The team has analyzed the outlook of various segments of this market, while considering the major influencing
factors. Saudi Arabia specialty fats & oils market is growing owing to rising awareness towards health and wellness.
Moreover, specialty fats & oils are an economical alternative of cocoa butter used in food industry which includes
chocolates, confectionery, etc. The study includes market forecasting, which would enable our clients to take better
decisions while planning their strategy to achieve sustainability in Saudi Arabia specialty fats & oils market.
Methodology Followed for Calculation of Market Size:
Market Size by Value: Market size, in terms of value, for the year 2018 was calculated based on information collected
through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as
specialty fats & oils manufacturers, importers, suppliers, distributors and industry experts.
The team interviewed more than 50 manufacturers/suppliers/importers, 50 distributors/retailers and 15 industry experts
to estimate the overall market size during 2013-2018, which was validated by the Delphi technique. Taking standard
deviation into consideration, the market size was averaged out, to arrive at the market size data for 2013-2018.

9. 9© TechSci Research
R e s e a r c h M e t h o d o l o g y
Respondents were asked about the current and future market growth rates, market shares by specialty fats & oils type,
by application and end-use industry. Removing the outlier responses, the geometric mean of growth estimates and
revenue-wise shares generated across various segments were considered, to arrive at the final revenue shares. Revenue
shares generated across various segments were further triangulated from other stakeholders depending upon the type
of specialty oils and fats.
Methodology Followed for Calculation of Market Shares:
Market shares by specialty fats & oils type, by application, by end-use industry, by region, and by company were
calculated based on the responses received through primary surveys with industry experts, in which the respondents
were asked about the market shares or revenue generated from various types of specialty fats & oils. The final shares
were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the
outliers. For market shares by different market segments across Saudi Arabia, respondents provided the rankings and
ratings for the use of various types of specialty fats & oils in end-use industries for various applications.

10. 10© TechSci Research
R e s e a r c h M e t h o d o l o g y
Methodology Followed for Forecasting:
TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the
survey results in SPSS/Tableau Software.
Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To
forecast Saudi Arabia specialty fats & oils market, TechSci Research used various forecast techniques such as:
o Moving Average
o Time Series Analysis
o Econometric and Judgmental Analysis
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions
of the country. TechSci Research also used the impact analysis during short, medium and long term period to estimate the
demand and to reach accurate market numbers.
Secondary Sources
Company Annual Reports, Industry Magazines, Industry Reports, News Dailies, Credible
Paid Databases, Proprietary Database, United Nations Commodity Trade Statistics
Database, Factiva, UN Comtrade, International Trade of Commerce (ITC), Malaysian Palm
Oil Council (MPOC), Malaysian Palm Oil Board (MPOB), Central Intelligence Agency (CIA),
United States Department of Agriculture Foreign Agriculture Services, Japan External
Trade Organization, General Authority of Statistics (GAStats) – Kingdom of Saudi Arabia

11. 11© TechSci Research
R e s e a r c h M e t h o d o l o g y
S. No. Company Names
1. Delmon Products Limited (IFFCO)
2. Cargill, Inc.
3. Wilmar International Limited
4. Areej Vegetable Oils & Derivatives S.A.O.C
5. Arab Malaysian Vegetable Oil Products Company Limited
6. Pacific Oils & Fats Industry Sdn Bhd
7. Mewah International Group
8. Parisons Group
9. AAK Kamani Private Limited
10. Fuji Oil Asia PTE. Limited
Partial List of Companies Interviewed

12. 12© TechSci Research
I n d u s t r y B r i e f
According to TechSci Research report, “Saudi Arabia Specialty Fats & Oils Market By Type, By Form, By
Functionality, By Application, Competition, Forecast & Opportunities, 2024”, Saudi Arabia specialty fats
& oils market is forecast to reach $ 281 million by 2024. Anticipated growth in the market can be
attributed to increasing use of specialty fats and oils as a replacement for cocoa butter and other oils
that are not healthy for cardiac health. Cocoa butter is widely used in various food industries such as
chocolate, confectionery and bakery industry for molding, texturing and filling. However, supply of
cocoa butter is constrained in Saudi Arabia along with its higher price, which is pushing end use
industries to opt for cocoa butter alternatives.
In Saudi Arabia, people are more inclined towards consumption of non-vegetarian food that requires
deep frying, which alters the nutritional value and flavor of the cooked food. Thus, people are now
shifting towards specialty oils such as palm kernel oil, extra virgin olive oil, etc., that keep nutritional
value and flavor of the food intact. This factor is expected to drive demand for specialty oils during
forecast period. Additionally, chocolate, confectionery and bakery manufacturers are shifting towards
the use of specialty oils to provide creamy texture and enhance the flavor of end products.
Furthermore, cocoa butter alternatives such as cocoa butter replacer, cocoa butter substitutes and
cocoa butter equivalent are available at economical prices as compared to cocoa butter, so they are
increasingly becoming a preferred choice in chocolate, confectionery & bakery industry.
“Central region is the highest demand generating region for specialty fats and oils in Saudi Arabia. The
region has the capital city Riyadh, which is one of the most populated cities with high purchasing
power. Moreover, central region has better road connectivity and infrastructure that makes the region
suitable for industrial set ups. This factor is attracting investments from leading food and beverage
companies, which is anticipated to boost demand for specialty fats & oils across the region over the
next five years as well.” said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.

13. 13© TechSci Research
S a m p l e D a t a - S n a p s h o t
Figure 15: Trade Dynamics of Saudi Arabia Bakery Products, By Value
(USD Million), By Volume (Million Tons), 2013-2017
2013 2014 2015 2016 2017
Imports Exports
Figure 11: Saudi Arabia Specialty Fats & Oils
Market Share, By Company, By Value, 2017
50.00%
50.00%
50.00%
50.00%
Cargill, Inc.
Wilmar
International
Limited
Delmon
Products
Limited
OthersFigure 3: Import of Cocoa Butter in Saudi Arabia,
By Volume, 2013-2017 (Ton)
2013 2014 2015 2016 2017
Figure 1: Saudi Arabia Import of Palm Oil, By Volume,
2013-2017 (Ton)
2013 2014 2015 2016 2017
Figure 5: Saudi Arabia Food & Beverages Market Size, By Value, 2017-2024F (USD Million)
2017 2018E 2019F 2020F 2021F 2022F 2023F 2024F

14. 14© TechSci Research
R e p o r t O r d e r i n g
Report Name: SAUDI ARABIA TELECOM SYSTEM INTEGRATION MARKET,
BY APPLICATION, BY DEPLOYMENT TYPE,
COMPETITION, FORECAST & OPPORTUNITIES 2014-2024
Report Price
License Type Price
Single- User License $3450
Multi- User License $4450
Custom User License $8450
To View Sample OR Purchase Report

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A b o u t U s & D i s c l a i m e r
About Us
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