Middle East & Africa Botanical Ingredients Market Size & Outlook
Middle East & Africa botanical ingredients market, 2018-2030 (US$M)
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MEA botanical ingredients market highlights
- The MEA botanical ingredients market generated a revenue of USD 10,867.9 million in 2023.
- The market is expected to grow at a CAGR of 7.1% from 2024 to 2030.
- In terms of segment, powder was the largest revenue generating form in 2023.
- Liquid is the most lucrative form segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 10,867.9 million |
| Market revenue in 2030 | USD 17,620.7 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | Powder |
| Fastest growing segment | Liquid |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Powder, Liquid |
| Key market players worldwide | Adesso SE, Lipoid, International Flavors & Fragrances Inc, The Green Labs, DSM |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.2% of the global botanical ingredients 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 91,697.1 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Botanical Ingredients Market Scope
Botanical Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa botanical ingredients 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 botanical ingredients market will help companies and investors design strategic landscapes.
Powder was the largest segment with a revenue share of 58.31% in 2023. Horizon Databook has segmented the Middle East & Africa botanical ingredients market based on powder, liquid covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East cosmetics industry has been witnessing considerable growth from the past few years mainly on account of the increasing participation of women in workforce.
Moreover, Saudi Arabia, in its Vision 2030, set out a commitment to increase the female participation in workforce from an average of just under 20% to over 40%. In addition, similar to other countries, the trend of natural cosmetic products is gaining considerable traction across the Middle East owing to their clean label and minimal or no side effects.
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Target buyers of Middle East & Africa botanical ingredients market databook
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Our clientele includes a mix of botanical ingredients 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 botanical ingredients market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa botanical ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA botanical ingredients market size, by country, 2018-2030 (US$M)
Middle East & Africa Botanical Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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