Middle East & Africa Hydrocolloids Market Size & Outlook
Middle East & Africa hydrocolloids market, 2016-2030 (US$M)
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MEA hydrocolloids market highlights
- The MEA hydrocolloids market generated a revenue of USD 735.3 million in 2022.
- The market is expected to grow at a CAGR of 6.2% from 2023 to 2030.
- In terms of segment, gelatin was the largest revenue generating product in 2022.
- Gelatin is the most lucrative product segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2022 | USD 735.3 million |
| Market revenue in 2030 | USD 1,189.8 million |
| Growth rate | 6.2% (CAGR from 2022 to 2030) |
| Largest segment | Gelatin |
| Fastest growing segment | Gelatin |
| Historical data covered | 2016 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Gelatin, Xanthan Gum, Carrageenan, Alginates, Pectin, Guar gum, Gum arabic, Carboxy Methyl Cellulose, Agar, Locust Bean Gum |
| Key market players worldwide | DuPont de Nemours Inc, Palsgaard, Ingredion Inc, Kerry Group PLC Class A, BASF, Ashland Inc, CP Kelco, Glanbia PLC, Darling Ingredients Inc, Tate & Lyle PLC, Cargill, Fuerst Day Lawson, Koninklijke DSM NV, Archer-Daniels Midland Co |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.6% of the global hydrocolloids 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 5,461.1 million by 2030.
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Hydrocolloids Market Scope
Hydrocolloids Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa hydrocolloids 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 hydrocolloids market will help companies and investors design strategic landscapes.
Gelatin was the largest segment with a revenue share of 32.63% in 2022. Horizon Databook has segmented the Middle East & Africa hydrocolloids market based on gelatin, xanthan gum, carrageenan, alginates, pectin, guar gum, gum arabic, carboxy methyl cellulose, agar, locust bean gum covering the revenue growth of each sub-segment from 2016 to 2030.
The Middle East & Africa hydrocolloids market has witnessed a remarkable growth since the past few years owing to increasing local demand for the product. The demand for consumer goods is directly related to the growing population and rising standard of living.
The regional market is anticipated to ascend at a healthy growth rate over the next eight years owing to the presence of untapped market opportunities, growing population, and ongoing developments in medical, food & beverage, & personal care & cosmetics industries.
Saudi Arabia and South Africa are projected to account for a high product demand over the coming years owing to rising popularity of luxury cosmetics, abundant availability of raw materials, and growing consumer interest in personal care products.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa hydrocolloids market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa hydrocolloids market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa hydrocolloids market
Middle East & Africa Hydrocolloids Market Outlook Share, 2022 & 2030 (US$M)
Middle East & Africa hydrocolloids market
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