Middle East & Africa Flavors And Fragrances Market Size & Outlook
Middle East & Africa flavors and fragrances market, 2018-2030 (US$M)
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MEA flavors and fragrances market highlights
- The MEA flavors and fragrances market generated a revenue of USD 2,764.5 million in 2022.
- The market is expected to grow at a CAGR of 6.3% from 2023 to 2030.
- In terms of segment, natural flavors & fragrances was the largest revenue generating product in 2022.
- Natural Flavors & Fragrances 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 2,764.5 million |
| Market revenue in 2030 | USD 4,490.2 million |
| Growth rate | 6.3% (CAGR from 2022 to 2030) |
| Largest segment | Natural flavors & fragrances |
| Fastest growing segment | Natural Flavors & Fragrances |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Natural Flavors & Fragrances, Aroma Chemicals |
| Key market players worldwide | Sensient Technologies Corp, MANE, Takasago International Corp, Alpha Aromatics, Ozone Naturals, Elevance Renewable Sciences, DSM Firmenich AG, Symrise AG, Vigon International, Basf SE, Indo World, Akay, Ungerer & Company, Synthite, Flavex Naturextrakte, DoTERRA, Young Living, Biolandes, International Flavors & Fragrances Inc, Givaudan SA |
Other key industry trends
- In terms of revenue, MEA region accounted for 9.5% of the global flavors and fragrances 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 16,005.5 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , Saudi Arabia
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Flavors And Fragrances Market Scope
Flavors And Fragrances Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa flavors and fragrances 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 flavors and fragrances market will help companies and investors design strategic landscapes.
Natural flavors & fragrances was the largest segment with a revenue share of 72.62% in 2022. Horizon Databook has segmented the Middle East & Africa flavors and fragrances market based on natural flavors & fragrances, aroma chemicals covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East and Africa flavor & fragrances market has been observing a remarkable growth since the past few years owing to increasing local demand for essential oils. Also, the rising population between the age group of 25-35 years along with the growth in retail outlets has triggered the personal care and cosmetics market remarkably by enticing more international brands.
The food and beverages market in the Middle East market are rapidly growing, owing to changes in consumer’s lifestyles. The convenience food sector is witnessing strong expansion in the Middle East & Africa region. A major factor for this growing trend is the involvement of women into workforce resulting in higher incomes and lesser average of eating homemade food.
Manufacturers of flavors & fragrances are focused on targeting retailers owing to the entrance and expansion of supermarkets & hypermarkets, which are creating selling space. This is likely to act as a launching platform for new products and expose essential oils products to a larger number of middle and high-income consumers.
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Target buyers of Middle East & Africa flavors and fragrances market databook
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Our clientele includes a mix of flavors and fragrances market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa flavors and fragrances market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa flavors and fragrances market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA flavors and fragrances market size, by country, 2018-2030 (US$M)
Middle East & Africa Flavors And Fragrances Market Outlook Share, 2022 & 2030 (US$M)
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