Market revenue in 2023 | USD 10,091.9 million |
Market revenue in 2030 | USD 12,221.3 million |
Growth rate | 2.8% (CAGR from 2023 to 2030) |
Largest segment | Baked goods |
Fastest growing segment | Baked Goods |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Baked Goods |
Key market players worldwide | Four Sigmatic |
Baked goods was the largest segment with a revenue share of 100% in 2024. Horizon Databook has segmented the Middle East & Africa private label packaged food market based on baked goods covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa market is anticipated to witness a growing demand for digestive health products, which can be attributed to the expanding health industry in the region. The market is principally driven by rising disposable incomes and increasing awareness among consumers regarding the health benefits of dietary supplements.
Transitioning demographics in the region, including the rise of the young & working population, have increased the spending on products related to health and wellbeing. Furthermore, government initiatives in the UAE are significantly influencing the growth of the soluble dietary fibers market by promoting healthy eating habits and increasing public awareness about the importance of dietary fiber.
The UAE government has rolled out various programs aimed at enhancing public health through nutrition education, implementing regulatory measures, and collaborating with healthcare professionals and industry leaders.
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