Middle East & Africa Hoisin Sauce Market Size & Outlook

The hoisin sauce market in Middle East & Africa is expected to reach a projected revenue of US$ 88.9 million by 2030. A compound annual growth rate of 3.8% is expected of Middle East & Africa hoisin sauce market from 2025 to 2030.
Revenue, 2024 (US$M)
$70.8
Forecast, 2030 (US$M)
$88.9
CAGR, 2025 - 2030
3.8%
Report Coverage
Middle East & Africa

Middle East & Africa hoisin sauce market, 2018-2030 (US$M)

Middle
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MEA hoisin sauce market highlights

  • The MEA hoisin sauce market generated a revenue of USD 109.3 million in 2023.
  • The market is expected to grow at a CAGR of 4.7% from 2024 to 2030.
  • In terms of segment, conventional was the largest revenue generating nature in 2023.
  • Conventional is the most lucrative nature segment registering the fastest growth during the forecast period.


MEA data book summary

Market revenue in 2023USD 109.3 million
Market revenue in 2030USD 150.2 million
Growth rate4.7% (CAGR from 2023 to 2030)
Largest segmentConventional
Fastest growing segmentConventional
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationConventional


Other key industry trends

  • In terms of revenue, MEA region accounted for 6.6% of the global hoisin sauce 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 802.6 million by 2030.

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MEA hoisin sauce market size, by country, 2018-2030 (US$M)

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