Saudi Arabia Soybean Oil Market Outlook, 2028

In Saudi Arabia, where Islam is the predominant religion, dietary choices often adhere to Islamic dietary laws (halal). Soybean oil is versatile cooking oil that is generally considered halal, making it a suitable choice for the majority of the population. Soybean oil is commonly used in preparing traditional Saudi breakfast dishes such as ful medames (fava beans), falafel, and various types of flatbreads. These breakfast staples often feature soybean oil as a key cooking medium. Saudi Arabia's cosmopolitan cities like Riyadh and Jeddah have seen the rise of fusion cuisine, where soybean oil is used creatively to blend traditional Saudi flavors with international culinary influences. While dining out are popular, home-cooked meals holds a special place in Saudi Arabian culture. Soybean oil is a preferred choice for home cooks, offering versatility for preparing family meals. During the festive holiday of Eid al-Fitr, soybean oil is extensively used in preparing special sweets and dishes, marking the end of Ramadan with culinary delights. Street food vendors across Saudi Arabia often use soybean oil for frying popular snacks like samosas, kibbeh, and falafel, contributing to the vibrant street food culture. Saudi Arabia's regional cuisines, such as Najdi, Hejazi, and Hijazi, each have their culinary traditions and flavors. Soybean oil is adapted to suit these regional preferences. The convenience food market in Saudi Arabia, including ready-to-eat meals and snacks, often relies on soybean oil for its affordability and suitability for mass food production. Soybean oil is frequently used in traditional desserts like qatayef (stuffed pancakes), kunafa (sweet pastry), and hareeseh (semolina cake). Its neutral flavor and light texture make it ideal for dessert preparations. During the holy month of Ramadan, soybean oil plays a crucial role in the preparation of iftar meals, which break the fast at sunset. It is used in dishes like sambousek (stuffed pastries) and various fried snacks. Soybean oil is sometimes used in the preparation of traditional Ramadan beverages like jallab and tamarind juice, adding a hint of richness to these sweet and refreshing drinks. According to the research report, “Saudi Arabia Soybean Oil Market Overview, 2028" published by Bonafide Research, the market is expected to witness significant growth during the forecast period. Soybean oil is economically accessible to a wide range of consumers in Saudi Arabia, making it a preferred choice for cooking and food preparation, especially in households and foodservice establishments. Growing health consciousness among Saudi consumers has led to an increased preference for cooking oils perceived as healthier options. Soybean oil, with its low saturated fat content and high levels of unsaturated fats, is often chosen for its potential health benefits. The halal certification of soybean oil makes it suitable for the majority of the population in Saudi Arabia, where adherence to Islamic dietary laws is essential. Soybean oil's neutral flavor and high smoke point make it versatile for various culinary applications, including traditional Saudi dishes, international cuisine, and deep-frying. Saudi Arabia's diverse culinary culture, influenced by regional variations, incorporates soybean oil in various ways, reflecting its adaptability to different tastes and cooking styles. The nutritional benefits of soybean oil, such as its omega-3 fatty acids and vitamin E content, align with consumer preferences for healthier cooking oils. Strict food labeling regulations ensure that soybean oil products in Saudi Arabia meet quality and safety standards, enhancing consumer trust and confidence. The restaurant and foodservice industry in Saudi Arabia relies on soybean oil for its affordability and suitability for commercial food preparation, influencing the bulk usage of soybean oil. Local weather conditions and climate patterns can affect crop yields, which, in turn, impact soybean oil production and prices. The demand for organic and non-genetically modified (non-GMO) food products, including soybean oil, aligns with health-conscious consumer preferences in Saudi Arabia.

Conventional soybean oil is produced using conventional farming methods that involve the use of synthetic pesticides and fertilizers. These methods typically result in higher yields and lower production costs compared to organic farming. As a result, conventional soybean oil tends to be more affordable for both producers and consumers. The Saudi Arabian consumer market is price-sensitive, and many consumers prioritize affordability when making purchasing decisions. Conventional soybean oil's competitive pricing makes it an attractive option for budget-conscious consumers. Conventional soybean farming is often characterized by large-scale, commercial agriculture. Saudi Arabia has invested in modern agricultural practices to achieve higher yields, which ensures a steady supply of conventional soybeans and soybean oil to meet consumer demand. Conventional soybean oil benefits from consistent supply chains and established production processes. This reliability ensures that there are no significant disruptions in the availability of conventional soybean oil. Saudi Arabia has invested in advanced agricultural infrastructure and technology to enhance the efficiency and productivity of conventional soybean farming. This investment ensures a consistent supply of soybean oil. Conventional soybean oil is often halal-certified, aligning with the dietary preferences and requirements of many consumers in Saudi Arabia, where halal food is essential. Saudi Arabia has seen a significant expansion in its foodservice industry, including restaurants, cafes, hotels, and catering services. This growth is driven by factors such as urbanization, tourism, and changing consumer dining habits. Saudi Arabia boasts a diverse culinary landscape, with a wide range of international and local cuisines. Soybean oil is versatile cooking oil that caters to various cooking methods, making it a preferred choice for chefs and foodservice establishments. Many traditional Saudi Arabian dishes and popular street foods involve frying or deep-frying. Soybean oil's high smoke point and neutral flavor make it ideal for achieving crispy and golden textures in fried foods, which are in high demand. The presence of international fast-food chains in Saudi Arabia has grown, and these chains often use soybean oil for frying and cooking. The widespread popularity of these chains further drives the demand for soybean oil. Saudi Arabia hosts a variety of events, conferences, and exhibitions, which require catering services. Soybean oil is a key ingredient for preparing large quantities of food, making it indispensable for event catering. The growth of quick-service restaurants (QSRs) and fast-food chains in Saudi Arabia has led to increased soybean oil consumption. These establishments often rely on soybean oil for frying and cooking menu items. Soybean oil offers consistent cooking results, ensuring that foodservice establishments can maintain the quality and taste of their dishes, which is crucial for customer satisfaction. Saudi Arabia is known for its extreme weather conditions, including sandstorms and heavy rains. As part of emergency preparedness, consumers often keep a stock of essential items, including cooking oil, which they can conveniently purchase from nearby convenience stores. Convenience stores typically offer a variety of soybean oil brands and packaging sizes, catering to the diverse preferences of consumers. This wide selection encourages customers to visit these stores for their soybean oil needs. Convenience stores prioritize ease of shopping, with many offering online ordering and delivery services. This convenience extends to soybean oil purchases, allowing consumers to shop from the comfort of their homes. Convenience stores may strategically place soybean oil near other food items like rice, pasta, and canned goods, encouraging shoppers to purchase complementary ingredients. Convenience stores typically adhere to stringent hygiene and safety standards, which is especially important for products like cooking oil. Consumers trust the quality and safety of soybean oil purchased from these establishments. Some convenience store chains have integrated with online delivery platforms, allowing consumers to order soybean oil and have it delivered directly to their doorstep. Convenience stores may form partnerships with soybean oil brands to promote their products through special displays, promotions, or exclusive deals. Modern lifestyles have led to changing shopping patterns, with consumers opting for smaller, more frequent shopping trips. Convenience stores are well-suited to meet this demand for soybean oil and other essentials. Considered in this report: • Geography: Saudi Arabia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report: • Saudi Arabia Soybean Oil market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Nature • Conventional • Organic

By End User • Household • Industrial • Food Service Distribution Channel • Convenience store • Hypermarket/Supermarket • Direct Sales • Online • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Soybean Oil industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.