Middle East & Africa Specialty Food Ingredients Market Size & Outlook
Middle East & Africa specialty food ingredients market, 2018-2030 (US$M)
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MEA specialty food ingredients market highlights
- The MEA specialty food ingredients market generated a revenue of USD 8,395.9 million in 2022.
- The market is expected to grow at a CAGR of 3.9% from 2023 to 2030.
- In terms of segment, sensory was the largest revenue generating by product in 2022.
- Functional is the most lucrative by 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 8,395.9 million |
| Market revenue in 2030 | USD 11,438.9 million |
| Growth rate | 3.9% (CAGR from 2022 to 2030) |
| Largest segment | Sensory |
| Fastest growing segment | Functional |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sensory, Functional |
| Key market players worldwide | Naturex, Givaudan SA, Ingredion Inc, Associated British Foods PLC, Kerry Group PLC Class A, Ashland Inc, Archer-Daniels Midland Co, Cargill, DSM, Tate & Lyle PLC, Agropur, WILD Flavors, Diana Group, Chr. Hansen |
Other key industry trends
- In terms of revenue, MEA region accounted for 8.7% of the global specialty food ingredients 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 51,250.3 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , Saudi Arabia
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Specialty Food Ingredients Market Scope
Specialty Food Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa specialty food 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 specialty food ingredients market will help companies and investors design strategic landscapes.
Sensory was the largest segment with a revenue share of 54.52% in 2022. Horizon Databook has segmented the Middle East & Africa specialty food ingredients market based on sensory, functional covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa is one of the largest importers of food & beverage products. Rapid population growth, coupled with rising consumer disposable income in the region, has resulted in augmenting the demand for quality and nutritional food.
However, the manufacturing sector in the region is growing at a slower pace as compared to other regions owing to a lack of raw material availability. The low agricultural capacity in the region has resulted in the high level of imports by the food & beverage industry in the Middle East & Africa, especially the Middle Eastern countries.
Over 50% of the food consumption in the region is catered through imports. According to several health studies conducted on the region’s population, excessive weight and obesity are the key issues affecting the population in the Middle East.
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Target buyers of Middle East & Africa specialty food ingredients market databook
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Our clientele includes a mix of specialty food ingredients market companies, investment firms, advisory firms & academic institutions.
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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 specialty food ingredients market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa specialty food ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA specialty food ingredients market size, by country, 2018-2030 (US$M)
Middle East & Africa Specialty Food Ingredients Market Outlook Share, 2022 & 2030 (US$M)
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