Middle East & Africa Food Thickeners Market Size & Outlook
Middle East & Africa food thickeners market, 2018-2027 (US$M)
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MEA food thickeners market highlights
- The MEA food thickeners market generated a revenue of USD 427.1 million in 2019.
- The market is expected to grow at a CAGR of 3.9% from 2020 to 2027.
- In terms of segment, hydrocolloids was the largest revenue generating type in 2019.
- Protein is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2020 to 2027.
MEA data book summary
| Market revenue in 2019 | USD 427.1 million |
| Market revenue in 2027 | USD 578.2 million |
| Growth rate | 3.9% (CAGR from 2019 to 2027) |
| Largest segment | Hydrocolloids |
| Fastest growing segment | Protein |
| Historical data covered | 2018 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Protein, Starch, Hydrocolloids |
| Key market players worldwide | Archer-Daniels Midland Co, DuPont de Nemours Inc, Tate & Lyle PLC, Kerry Group PLC Class A, Ingredion Inc, Ashland Inc, Darling Ingredients Inc, Huvis, Cargill, CP Kelco, TIC Gums, Naturex, Medline Industries |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.3% of the global food thickeners market in 2019.
- Globally, North America is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,213.9 million by 2027.
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Food Thickeners Market Scope
Food Thickeners Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa food thickeners 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 thickeners market will help companies and investors design strategic landscapes.
Hydrocolloids was the largest segment with a revenue share of 40.62% in 2019. Horizon Databook has segmented the Middle East & Africa food thickeners market based on protein, starch, hydrocolloids covering the revenue growth of each sub-segment from 2018 to 2027.
The Middle East & Africa is one of the largest importers of food & beverage products. Rapid population growth, coupled with high consumer disposable income in the region, has resulted in augmenting the demand for quality and organic food.
However, the manufacturing sector in the region is growing at a slower pace as compared to other regions owing to a lack of raw material availability. As a result, product demand is expected to witness growth at a slower rate as compared to other regions over the projected period.
The food & beverage industry in the Middle East & Africa is emerging as a highly attractive market for investors on account of the high disposable incomes of consumers in the Middle East coupled with the presence of a vast middle-aged and youth population.
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Our clientele includes a mix of food thickeners 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 food thickeners market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa food thickeners market from 2018 to 2027, including revenue numbers, major trends, and company profiles.
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MEA food thickeners market size, by country, 2018-2027 (US$M)
Middle East & Africa Food Thickeners Market Outlook Share, 2019 & 2027 (US$M)
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