Middle East & Africa Amino Acids Market Size & Outlook
Middle East & Africa amino acids market, 2018-2030 (US$M)
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MEA amino acids market highlights
- The MEA amino acids market generated a revenue of USD 1,170.5 million in 2023.
- The market is expected to grow at a CAGR of 3% from 2024 to 2030.
- In terms of segment, non-essential was the largest revenue generating type in 2023.
- Essential is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1,170.5 million |
| Market revenue in 2030 | USD 1,437.8 million |
| Growth rate | 3% (CAGR from 2023 to 2030) |
| Largest segment | Non-essential |
| Fastest growing segment | Essential |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Essential, Non-essential |
| Key market players worldwide | Archer-Daniels Midland Co, Ajinomoto Co Inc, Martin Bauer Group, DSM, Evonik Industries AG, Global Bio-chem Technology Group Co Ltd, Kirin Holdings Co Ltd, Merck KGaA, Wacker Chemie AG |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.3% of the global amino acids market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 23,541.8 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Amino Acids Market Scope
Amino Acids Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa amino acids market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to amino acids market will help companies and investors design strategic landscapes.
Non-essential was the largest segment with a revenue share of 52.52% in 2023. Horizon Databook has segmented the Middle East & Africa amino acids market based on essential, non-essential covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing demand for aspartame in the food & beverage industry is expected to remain a key factor driving the regional market over the forecast period. Aspartame consists of aspartic acid and phenylalanine and is rapidly being used as a sugar substitute in several food formulations.
The shift in the trend toward packaged food & beverage consumption is expected to fuel the demand for aspartame, in turn, augmenting the market growth. In addition, the shifting consumer preference toward dietary supplements owing to increasing health concerns is expected to further fuel the demand for amino acids in the region.
Prominent pharmaceutical countries in the region are the UAE, Iran, and Saudi Arabia. Government initiatives such as enabling the rapid entry of domestic medicines into the market for the establishment of local drug manufacturing plants are anticipated to drive the growth of amino acids market in the region.
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Target buyers of Middle East & Africa amino acids market databook
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Our clientele includes a mix of amino acids market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa amino acids market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa amino acids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA amino acids market size, by country, 2018-2030 (US$M)
Middle East & Africa Amino Acids Market Outlook Share, 2023 & 2030 (US$M)
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