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Demand for Edible Oil in the Mena Region to Outstrip Global Average

A boosting increasing for olive oil is spearheading solid need for edible oils throughout the Middle East and North Africa (MENA), putting the sector on the right track to tape-record a 5.3 per cent compound yearly development rate by 2021, much outstripping the forecasted 3.8 percent global standard, inning accordance with Euromonitor International, the market research provider.

Euromonitor International additionally reported that skyrocketing demand for olive oil, specifically in the United Arab Emirates and Saudi Arabia, is the result of an influx of Arab and Southern European expatriates and a rise in the number of health-conscious customers.

" Expanding health awareness is allowing much more oil brands to penetrate the marketplace, a pattern that is readied to even more prolong customer understanding and, for that reason, construct group sales," mentioned the Euromonitor record.

Oils from vegetables, nuts and fish are likewise in high need amongst progressively health-conscious consumers, in addition to 'low-impacting processing' oils, where nutrients are immune to heat - such as virgin olive oil, raw coconut oil and cool pushed walnut oil.

The expanding passion in edible oils has given rise to a specialised Fat & Oils sector at next month's Gulfood 2017, the 22 nd version of the world's biggest food and hospitality exhibit, which runs from 26 February to 2 March, at Dubai World Trade Centre (DWTC).

For the first time in its 30-year history, Gulfood 2017 will boast an advanced style where completed food and beverage products are separated right into 8 specialist fields - an adjustment developed to produce more direct access, further market insight and better business potential for the 5,000 local, regional and international exhibitors and 10s of hundreds of visitors.

" This committed fractional approach will significantly boost availability and trading potential as global food producers and investors develop new supply paths to reach customers and monetise chances in emerging markets," explained Trixie LohMirmand, Senior Vice President, Exhibitions & Events Administration, DWTC. "It creates a heightened experience for customers and traders of the various product teams by connecting them with the ideal professionals in one place. This enables them to acquire higher market understandings and make critical investing in choices in a shorter timeframe."

The concept has actually gotten a welcome reaction from Gulfood's global exhibitor base, with 84 firms including in the Fats & Oils section alone, including the world's leading olive oil manufacturers from Italy, Spain, Greece, Cyprus, Tunisia and Algeria.

The Italian pavilion will certainly feature key brands including Costa D'Oro, an innovative leader in the olive oil market section internationally; leading marketing olive oil producers Oleificio Zucchi and Olitalia Group; and family- owned extra virgin olive oil experts Oleificio Rocchi.

Participating in Gulfood for the fourth time, Xavier Vallet, Export Manager at leading oil producers Oleificio Zucchi, stated: "We have been generating excellent quality products given that 1810, covering initially seeds' oils and then additionally olive oils in which we have actually developed recent considerable innovation such as traceability. Extra-virgin olive oil, pure olive oil and organic extra-virgin olive oils have actually gained popularity for many years, however as edible oils manufacturers were are keen to showcase oils such as sunflower, soy, grapeseed and blended seeds, and the adaptability they provide. We have actually additionally released our new product made specifically for our B2C target market.

" Being hosted in the Fats & Oils sector at Gulfood will permit us to fulfill crucial companions from nations situated in the Middle-East in order to broaden our business."

Meanwhile, the Spanish structure, under the umbrella of ICEX Spain Trade and Investment, will certainly feature olive oil generating frontrunners such as Martn De Prado Evoo, Mueloliva Y Minerva, Oleicola Alvarez, Sovena Espaa, and Ondoliva. Jose Luis Marin of Ondoliva, said: "For greater than 60 years we have actually created the best oils while staying real to our values of practice and regard to the planet.

" With the enhancing need for edible oils, specifically olive oil, comes the added stress of remaining true to those values, however we have actually constantly gone after excellence in our work.

" Gulfood presents a possibility to showcase the Ondoliva method and show why we remain to be market leaders with our products."

With the number of health-conscious consumers increasing, UAE-based olive oil manufacturer IFFCO, will be showcasing its RAHMA Bonus Virgin Olive Oil Special Harvest, which it claims has just 0.3% level of acidity compared to 0.8% discovered in most Additional Virgin Olive Oil.

" This Olive Oil is created by processing an unusual variety of Olives. The process includes hand selecting the best-quality olives, which are instantly taken to the mill in weather-controlled containers to ensure the fruit remains in its best state prior to processing," claimed Sudhakar Gupta, Director Business Growth at IFFCO Group.

" This is a unique suggestion in the GCC region because nothing else known brand has this range available for sale. Individuals of this variety are either customers who missed out on having Olive Oil of high quality from their residence country or existing individuals of Additional Virgin Olive Oil that enjoy including a delicacy to their dining table."

" This dedicated section at Gulfood offers us with the best platform to showcase our premium products."

" The greatest names in this essential food products section will remain in Dubai to check out a market with constantly climbing need," ended LohMirmand. "The phase is established for some major offers to be struck."

Gulfood 2017 will certainly feature 120 nationwide structures including novice individuals Malta, Finland, Somalia and Azerbaijan, while worldwide presidents, ministers, federal government officials and scores of national trade associations anxious to ink rewarding bi-lateral trade arrangements will be among 10s and hundreds of awaited visitors.

Gulfood 2017 is a trade occasion open purely to business and trade visitors. The show is open 11am-7pm from February 26 to March 1 2017 and 11am-5pm on March 2 2017. Visitors can pre-register at www.gulfood.com to conserve AED150 (US$ 40) on the on-site entry charge of AED350 (US$ 95).

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