Middle East & Africa Functional Ingredients Market Size & Outlook
Middle East & Africa functional ingredients market, 2016-2027 (US$M)
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MEA functional ingredients market highlights
- The MEA functional ingredients market generated a revenue of USD 3,675.8 million in 2019.
- The market is expected to grow at a CAGR of 6.5% from 2020 to 2027.
- In terms of segment, pobiotics was the largest revenue generating product in 2019.
- Rice protein is the most lucrative product segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2019 | USD 3,675.8 million |
| Market revenue in 2027 | USD 6,079.2 million |
| Growth rate | 6.5% (CAGR from 2019 to 2027) |
| Largest segment | Pobiotics |
| Fastest growing segment | Rice protein |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Maltodextrin, Pobiotics, Polydextrose, Modified starch, Pectin, Omega-3 (EPA, DHA,ALA), Omega-6, Conjugated linoleic acid, Rice protein, Protein hydrolysate, Mung bean protein |
| Key market players worldwide | Archer-Daniels Midland Co, Ingredion Inc, Cargill, Tate & Lyle PLC, Golden Agri-Resources Ltd, FMC Corp, Nanobiotix SA ADR, Traeger Inc |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.7% of the global functional ingredients 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 26,154.3 million by 2027.
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Functional Ingredients Market Scope
Functional Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa functional 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 functional ingredients market will help companies and investors design strategic landscapes.
Pobiotics was the largest segment with a revenue share of 52.39% in 2019. Horizon Databook has segmented the Middle East & Africa functional ingredients market based on maltodextrin, pobiotics, polydextrose, modified starch, pectin, omega-3 (epa, dha,ala), omega-6, conjugated linoleic acid, rice protein, protein hydrolysate, mung bean protein covering the revenue growth of each sub-segment from 2016 to 2027.
The increasing adoption of supplements and functional food products in Africa is likely to augment the market growth over the forecast period. Africa is regarded as one of the emerging regions in the world due to the improving economies of countries such as Nigeria and South Africa.
Superfoods have been an upcoming trend in the region, and consumers are inclined towards its consumption driving the demand for functional ingredients. Increasing job opportunities for its local youth along with intervention created by major brands by setting up their production centers in the African region is projected to drive the market over the forecast period.
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Our clientele includes a mix of functional ingredients market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa functional ingredients market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa functional ingredients market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Functional Ingredients Market Outlook Share, 2019 & 2027 (US$M)
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