Middle East & Africa Powdered Fats Market Size & Outlook
Middle East & Africa powdered fats market, 2018-2030 (US$M)
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MEA powdered fats market highlights
- The MEA powdered fats market generated a revenue of USD 109.8 million in 2022.
- The market is expected to grow at a CAGR of 4.7% from 2023 to 2030.
- In terms of segment, palm & palm kernel was the largest revenue generating source in 2022.
- Coconut is the most lucrative source segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 109.8 million |
| Market revenue in 2030 | USD 158.4 million |
| Growth rate | 4.7% (CAGR from 2022 to 2030) |
| Largest segment | Palm & palm kernel |
| Fastest growing segment | Coconut |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Palm & Palm Kernel, Coconut, Milk, Sunflower, Canola, Corn |
| Key market players worldwide | Kerry Group PLC Class A, FrieslandCampina, Aarkay Food Products Ltd, Instafood, Castle Dairies, Zeon Lifesciences, Natural Extracts Industries |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.9% of the global powdered fats 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 1,157.9 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Powdered Fats Market Scope
Powdered Fats Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa powdered fats 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 powdered fats market will help companies and investors design strategic landscapes.
Palm & palm kernel was the largest segment with a revenue share of 34.97% in 2022. Horizon Databook has segmented the Middle East & Africa powdered fats market based on palm & palm kernel, coconut, milk, sunflower, canola, corn covering the revenue growth of each sub-segment from 2018 to 2030.
The rising number of countries working toward enhancing food security through several initiatives, such as boosting agricultural infrastructure and local production, is favoring the growth of the powdered fats market in the Middle East and Africa region.
Powdered fat is an essential ingredient in the food processing industry. The UAE places a strong emphasis on increasing domestic food production and ensuring food security. The government’s National Food Security Strategy 2051 aims to meet the growing demand for processed foods.
By facilitating agribusiness trade, enabling technology-based food production, and strengthening research and development. These developments bode well for the powdered fats market.
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Target buyers of Middle East & Africa powdered fats market databook
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Our clientele includes a mix of powdered fats 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa powdered fats market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa powdered fats market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA powdered fats market size, by country, 2018-2030 (US$M)
Middle East & Africa Powdered Fats Market Outlook Share, 2022 & 2030 (US$M)
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