The white oil market in Middle East & Africa is expected to grow from US$ 74.47 million in 2022 to US$ 87.41 million by 2028. It is estimated to grow at a CAGR of 2.7% from 2022 to 2028.
Growth of Cosmetics and Personal Care Industry
Evolving lifestyles of consumers, rising purchasing power in several countries, and quickening development of multifunctional personal care ingredients are the major factors contributing to the flourishment of the cosmetics and personal care industry. There is a huge need for high-quality ingredients, such as white oil. White oil aids the easy blending of personal care and cosmetic products. Moreover, because of its inertness it has application in cosmetic formulations as it resists moisture, maintains smoothness of the products. The elevated consumer demand for different cosmetic products can be associated with the high disposable incomes of people in this country, the growing inclination toward self-care products, and the ability of social media to enhance the customer reach of products. Moreover, people are increasingly embracing online platforms to purchase their cosmetics and skincare products. Furthermore, improving socioeconomic standards, and large-scale development of digital and manufacturing sectors are further benefitting the cosmetic industry in the country. Therefore, with the growth of the cosmetics and personal care industry, the demand for white oil is also increasing.
Market Overview
South Africa, Saudi Arabia, UAE, and rest of MEA are the key contributors to the white oil market in the Middle East & Africa. The production of food-grade lubricants and greasers, as well as the application of white mineral oil in baking pan oils and food packaging materials, are all common uses for this oil in the food industry. White mineral oil is also preferred in many culinary operations. The food and beverage (F&B) industry is driven by factors, including population expansion, high GDP per capita, and increasing tourist numbers, which have increased the chances for the growth of the Middle East & Africa white oil market in the region. White oil is also perfect for food additives because of its beneficial characteristics. According to estimates, chances for the expansion of the white oil industry would arise from increased food production and consumption in the region. Food consumption, for instance, is predicted to rise by 2.3% by 2025, reaching 52.4 million metric tonnes, according to Alpen Capital, a financial company in the UAE, with a larger focus on domestic production. Due to their greater populations, Saudi Arabia and the UAE utilized 46.8 million metric tons of food in the Gulf Cooperation Council (GCC) in 2021, accounting for 77.9%.Moreover, Israel's healthcare technology market is estimated to be worth US$ 6.2 billion by the International Trade Administration, of which US$ 2.4 billion goes to pharmaceuticals, and US$ 3.8 billion goes to devices, with imports accounting for more than 65% of the device market and 60% of the pharmaceutical market, respectively. White oil is frequently used in the pharmaceutical industry to create products, such as balm, creams, lotions, ointments, vaccinations, and others. The food processing industry employs white oil as a food lubricant on a large scale to increase the shelf life of food. Therefore, the growing demand for pharmaceutical products, packaging, processed food, and trade of agriculture products, which require food lubricants, packaging, and others composed of white oil, will boost the MEA white oil market in the region during the forecast period.
Middle East & Africa White oil market Segmentation
The Middle East & Africa white oil market is segmented into grade, application, and country.
Based on grade, the market is segmented into food, pharmaceutical, and technical. The pharmaceutical segment registered the largest market share in 2022.
Based on application, the market is segmented into personal care and cosmetics, pharmaceutical and healthcare, food industries, plastic processing, agriculture, and others. The personal care and cosmetics segment held a largest market share in 2022.
Based on country, the market is segmented into South Africa, Saudi Arabia, UAE, and rest of Middle East & Africa. UAE dominated the market share in 2022.
Calumet Specialty Product Partners, L.P.; Chevron Corporation; EXXON Mobil Corporation; Petro-Canada Lubricants Inc; APAR; Sasol; Sonneborn LLC; and H&R GROUP are the leading companies operating in the white oil market in the Middle East & Africa.
The List of Companies - MEA White Oil Market
● Calumet Specialty Product Partners, L.P.
● Chevron Corporation.
● EXXON Mobil Corporation.
● Petro-Canada Lubricants Inc.
● APAR.
● Sasol.
● Sonneborn LLC.
● H&R GROUP
TABLE OF CONTENTS
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
1.2.1 MEA White Oil Market, by Grade
1.2.2 MEA White Oil Market, by Application
1.2.3 MEA White Oil Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.1.1 White Oil Market, by Grade, and Application
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. MEA White Oil Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Bargaining Power of Suppliers:
4.2.3 Bargaining Power of Buyers:
4.2.4 Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.3.1 Overview:
4.3.2 Raw Material Suppliers:
4.3.3 Manufacturers
4.3.4 Distributors
4.3.5 End-User
4.4 Expert Opinion
5. MEA White Oil Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growth of Cosmetics and Personal Care Industry
5.1.2 Expansion of Pharmaceuticals Industry
5.2 Market Restraints
5.2.1 Fluctuating Prices of Crude Oil
5.3 Market Opportunities
5.3.1 Elevating Demand as Adhesive in Food Packaging
5.4 Future Trends
5.4.1 Extensive Industrialization in Emerging Economies
5.5 Impact Analysis of Drivers and Restraints
6. White Oil – MEA Market Analysis
6.1 MEA White Oil Market –Revenue and Forecast to 2028 (US$ Mn)
6.2 MEA White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
7. MEA White Oil Market Analysis – By Grade
7.1 Overview
7.2 MEA White Oil Market, By Grade (2021 and 2028)
7.3 Food
7.3.1 Overview
7.3.2 Food: White Oil Market – Revenue and Forecast to 2028 (US$ Mn)
7.3.3 Food: White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
7.4 Pharmaceutical
7.4.1 Overview
7.4.2 Pharmaceutical: White Oil Market – Revenue and Forecast to 2028 (US$ Mn)
7.4.3 Pharmaceutical: White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
7.5 Technical
7.5.1 Overview
7.5.2 Technical: White Oil Market – Revenue and Forecast to 2028 (US$ Mn)
7.5.3 Technical: White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
8. MEA White Oil Market Analysis – By Application
8.1 Overview
8.2 MEA White Oil Market, By Application (2021 and 2028)
8.3 Personal Care & Cosmetics
8.3.1 Overview
8.3.2 Personal Care & Cosmetics: White Oil Market – Revenue and Forecast to 2028 (US$ Mn)
8.4 Pharmaceutical & Health Care
8.4.1 Overview
8.4.2 Pharmaceutical & Health Care: White Oil Market – Revenue and Forecast to 2028 (US$ Mn)
8.5 Food Industries
8.5.1 Overview
8.5.2 Food Industries: White Oil Market – Revenue and Forecast to 2028 (US$ Mn)
8.6 Plastic Processing
8.6.1 Overview
8.6.2 Plastic Processing: White Oil Market – Revenue and Forecast to 2028 (US$ Mn)
8.7 Agriculture
8.7.1 Overview
8.7.2 Agriculture: White Oil Market – Revenue and Forecast to 2028 (US$ Mn)
8.8 Others
8.8.1 Overview
8.8.2 Others: White Oil Market – Revenue and Forecast to 2028 (US$ Mn)
9. MEA White Oil Market – Country Analysis
9.1 Overview
9.1.1 Middle East and Africa: White Oil Market, by Key Country
9.1.1.1 South Africa: White Oil Market –Analysis and Forecast to 2028 (US$ Million)
9.1.1.1.1 South Africa: White Oil Market, by Grade
9.1.1.1.2 South Africa: White Oil Market, by Application
9.1.1.2 Saudi Arabia: White Oil Market –Analysis and Forecast to 2028 (US$ Million)
9.1.1.2.1 Saudi Arabia: White Oil Market, by Grade
9.1.1.2.2 Saudi Arabia: White Oil Market, by Application
9.1.1.3 UAE: White Oil Market –Analysis and Forecast to 2028 (US$ Million)
9.1.1.3.1 UAE: White Oil Market, by Grade
9.1.1.3.2 UAE: White Oil Market, by Application
9.1.1.4 Rest of the Middle East and Africa: White Oil Market –Analysis and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of the Middle East and Africa: White Oil Market, by Grade
9.1.1.4.2 Rest of the Middle East and Africa: White Oil Market, by Application
10. Industry Landscape
10.1 Overview
10.2 Expansion & Collaboration
11. Company Profiles
11.1 Calumet Specialty Products Partners, L.P.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Chevron Corporation
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 EXXON MOBIL CORPORATION
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Petro-Canada Lubricants Inc.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 APAR
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Sasol
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Sonneborn LLC
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 H&R GROUP
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES.
Table 1. MEA White Oil Market –Revenue and Forecast to 2028 (US$ Mn)
Table 2. MEA White Oil Market –Volume and Forecast to 2028 (Kilo Tons)
Table 3. South Africa White Oil Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 4. South Africa White Oil Market, by Grade – Volume and Forecast to 2028 (Kilo Tons)
Table 5. South Africa White Oil Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 6. Saudi Arabia White Oil Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 7. Saudi Arabia White Oil Market, by Grade – Volume and Forecast to 2028 (Kilo Tons)
Table 8. Saudi Arabia White Oil Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 9. UAE White Oil Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 10. UAE White Oil Market, by Grade – Volume and Forecast to 2028 (Kilo Tons)
Table 11. UAE White Oil Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of the Middle East and Africa White Oil Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of the Middle East and Africa White Oil Market, by Grade – Volume and Forecast to 2028 (Kilo Tons)
Table 14. Rest of the Middle East and Africa White Oil Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 15. Glossary of Terms, Global White Oil Market
