Middle East & Africa Natural Flavors And Fragrances Market Size & Outlook
Middle East & Africa natural flavors and fragrances market, 2018-2030 (US$M)
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MEA natural flavors and fragrances market highlights
- The MEA natural flavors and fragrances market generated a revenue of USD 2,007.7 million in 2022.
- The market is expected to grow at a CAGR of 6.5% from 2023 to 2030.
- In terms of segment, essential oils was the largest revenue generating product in 2022.
- Oleoresins is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 2,007.7 million |
| Market revenue in 2030 | USD 3,331.6 million |
| Growth rate | 6.5% (CAGR from 2022 to 2030) |
| Largest segment | Essential oils |
| Fastest growing segment | Oleoresins |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Essential Oils, Oleoresins |
| Key market players worldwide | MANE, Blue Pacific Solar, Biolandes, Young Living, Basf SE, Symrise AG, Falcon Oil & Gas Ltd, DSM Firmenich AG, Givaudan SA, International Flavors & Fragrances Inc, Flavex Naturextrakte, Sensient Technologies Corp, Takasago International Corp, T Hasegawa Co Ltd, Robertet SA, McCormick & Co Inc, Kerry Group PLC Class A |
Other key industry trends
- In terms of revenue, MEA region accounted for 9.2% of the global natural flavors and fragrances 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 12,112.5 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , Saudi Arabia
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Natural Flavors And Fragrances Market Scope
Natural Flavors And Fragrances Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa natural flavors and fragrances 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 natural flavors and fragrances market will help companies and investors design strategic landscapes.
Essential oils was the largest segment with a revenue share of 87.14% in 2022. Horizon Databook has segmented the Middle East & Africa natural flavors and fragrances market based on essential oils, oleoresins covering the revenue growth of each sub-segment from 2018 to 2030.
The rising demand for flavors and fragrances in Middle East and African region is due to the increasing usage in cosmetics and food & beverage products. Natural and artificial flavors in bakery products are the most important ingredients for Muslim consumers.
The rise in the demand for Halal flavors used in food items and beverages is positively influencing the market. Foods containing natural and/or artificial flavors, with alcohol being used during the flavors’ production, are permissible for consumption. Such regional regulations and rules are driving the market for flavors and fragrances in the Middle East and African region.
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Target buyers of Middle East & Africa natural flavors and fragrances market databook
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Our clientele includes a mix of natural flavors and fragrances market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 natural flavors and fragrances market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa natural flavors and fragrances market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA natural flavors and fragrances market size, by country, 2018-2030 (US$M)
Middle East & Africa Natural Flavors And Fragrances Market Outlook Share, 2022 & 2030 (US$M)
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