Middle East & Africa Protein Ingredients Market Size & Outlook
Middle East & Africa protein ingredients market, 2018-2030 (US$M)
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MEA protein ingredients market highlights
- The MEA protein ingredients market generated a revenue of USD 1,822.8 million in 2023.
- The market is expected to grow at a CAGR of 4.3% from 2024 to 2030.
- In terms of segment, animal/dairy protein was the largest revenue generating product in 2023.
- Insect Protein is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1,822.8 million |
| Market revenue in 2030 | USD 2,442.8 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Animal/dairy protein |
| Fastest growing segment | Insect Protein |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plant Protein, Animal/Dairy Protein, Microbe-based Protein, Insect Protein |
| Key market players worldwide | DuPont de Nemours Inc, Archer-Daniels Midland Co, Burcon NutraScience Corp, Tessenderlo Group NV, Kewpie Corp, The Scoular Company, CHS Inc Pref Share, Reckitt Benckiser Group PLC, Suedzucker AG, Bunge Global SA, Cargill, Ingredion Inc, Kerry Group PLC Class A, Givaudan SA, Tate & Lyle PLC, Puris, Koninklijke DSM NV, Glanbia PLC, NutriPea, Nagase & Co Ltd |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.6% of the global protein ingredients market in 2023.
- Globally, North America 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 17,138.2 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Protein Ingredients Market Scope
Protein Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa protein ingredients 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 protein ingredients market will help companies and investors design strategic landscapes.
Animal/dairy protein was the largest segment with a revenue share of 73.89% in 2023. Horizon Databook has segmented the Middle East & Africa protein ingredients market based on plant protein, animal/dairy protein, microbe-based protein, insect protein covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa protein ingredients market is expected to witness steady growth in coming years on account of popularizing trends such as staying fit, weight reduction, muscle building, energyboosting, covering up the nutritional deficiency, reducing stress, muscle recovery, meal replacement, and disease prevention.
In addition, burgeoning the food & beverage industry and increasing middleclass population coupled with high-income levels are expected to drive product demand over the forecast period.
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Target buyers of Middle East & Africa protein ingredients market databook
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Our clientele includes a mix of protein ingredients market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa protein ingredients market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa protein ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA protein ingredients market size, by country, 2018-2030 (US$M)
Middle East & Africa Protein Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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