Middle East & Africa Food Preservatives Market Size & Outlook
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MEA food preservatives market highlights
- The MEA food preservatives market generated a revenue of USD 246.7 million in 2023.
- The market is expected to grow at a CAGR of 4.3% from 2024 to 2030.
- In terms of segment, conventional was the largest revenue generating label in 2023.
- Clean Label is the most lucrative label 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 246.7 million |
| Market revenue in 2030 | USD 332.2 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Conventional |
| Fastest growing segment | Clean Label |
| Historical data covered | 2016 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Clean Label, Conventional |
| Key market players worldwide | Cargill, Kemin Industries, Archer-Daniels Midland Co, Tate & Lyle PLC, Koninklijke DSM NV, Basf SE, Celanese Corp Class A, Corbion NV, Kerry Group PLC Class A |
Other key industry trends
- In terms of revenue, MEA region accounted for 8.3% of the global food preservatives 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 1,400.7 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Food Preservatives Market Scope
Food Preservatives Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Kemin Industries | View profile | 1001-5000 | Des Moines, Iowa, United States, North America | http://www.kemin.com |
| Cargill | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | http://www.cargill.com |
| Celanese Corp Class A | View profile | 12410 | 222 West Las Colinas Boulevard, Suite 900N, Irving, TX, United States, 75039-5421 | https://www.celanese.com |
| Corbion NV | View profile | 2727 | Piet Heinkade 127, Amsterdam, NH, Netherlands, 1019 GM | https://www.corbion.com |
| Tate & Lyle PLC | View profile | 4591 | 5 Marble Arch, London, United Kingdom, W1H 7EJ | https://www.tateandlyle.com |
| Kerry Group PLC Class A | View profile | 21000 | Prince's Street, Tralee, Kerry, Ireland, V92 EH11 | https://www.kerry.com |
| Archer-Daniels Midland Co | View profile | 41802 | 77 West Wacker Drive, Suite 4600, Chicago, IL, United States, 60601 | https://www.adm.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
| Koninklijke DSM NV | View profile | 20682 | Het Overloon 1, P.O. Box 6500, Heerlen, LI, Netherlands, 6411 TE | https://www.dsm.com |
Middle East & Africa food preservatives 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 food preservatives market will help companies and investors design strategic landscapes.
Conventional was the largest segment with a revenue share of 77.62% in 2023. Horizon Databook has segmented the Middle East & Africa food preservatives market based on clean label, conventional covering the revenue growth of each sub-segment from 2016 to 2030.
The growth of food preservatives market in Middle East & Africa is driven by the growth of food & beverage industry in South Africa, Saudi Arabia, and the UAE. Technological advancements in food & beverage industry and increasing consumer expenditure in the country is expected to drive the food preservatives market in the Middle East & Africa.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa food preservatives market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa food preservatives market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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MEA food preservatives market size, by country, 2016-2030 (US$M)
Middle East & Africa Food Preservatives Market Outlook Share, 2023 & 2030 (US$M)
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