Middle East & Africa Aroma Chemicals Market Size & Outlook
Middle East & Africa aroma chemicals market, 2018-2030 (US$M)
Related Markets
MEA aroma chemicals market highlights
- The MEA aroma chemicals market generated a revenue of USD 756.7 million in 2022.
- The market is expected to grow at a CAGR of 5.5% from 2023 to 2030.
- In terms of segment, esters was the largest revenue generating product in 2022.
- Esters is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 756.7 million |
| Market revenue in 2030 | USD 1,158.7 million |
| Growth rate | 5.5% (CAGR from 2022 to 2030) |
| Largest segment | Esters |
| Fastest growing segment | Esters |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Esters, Alcohols, Aldehydes, Phenols, Terpenes |
| Key market players worldwide | Basf SE, Takasago International Corp, Kao Corp, Givaudan SA, Symrise AG |
Other key industry trends
- In terms of revenue, MEA region accounted for 10.1% of the global aroma chemicals market in 2022.
- 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 3,893.0 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , Saudi Arabia
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Aroma Chemicals Market Scope
Aroma Chemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa aroma chemicals 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 aroma chemicals market will help companies and investors design strategic landscapes.
Esters was the largest segment with a revenue share of 30.67% in 2022. Horizon Databook has segmented the Middle East & Africa aroma chemicals market based on esters, alcohols, aldehydes, phenols, terpenes covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa is anticipated to observe a significant growth in the aroma chemicals market due to rising population between the age group of 25 and 35 years along with the growing retail outlets that has remarkably triggered the personal care & cosmetics market by attracting more international brands.
The food & beverages market in the Middle East market is rapidly growing, owing to changes in consumer lifestyles. The convenience food sector is witnessing strong expansion in the Middle East & Africa region. Saudi Arabia has a developed food & beverages and fragrances market, with most of the supply in the restaurants and shopping centers.
The UAE and Kuwait are prominent markets for natural fragrances concerning broad usage of exotic flowers, musk, myrrh, spices, oud, and amber, among others. Local players are focusing less on expansion plans in the foreign markets.
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Target buyers of Middle East & Africa aroma chemicals market databook
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Our clientele includes a mix of aroma chemicals market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa aroma chemicals market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa aroma chemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA aroma chemicals market size, by country, 2018-2030 (US$M)
Middle East & Africa Aroma Chemicals Market Outlook Share, 2022 & 2030 (US$M)
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