Middle East And Africa Food Preservatives Market

Middle East and Africa Preservatives Market Growth and Forecast (2023 - 2028):

Middle East and Africa Preservatives Market is currently valued at 230 Million USD in 2022. The market is expected to grow at a CAGR of 2.85% over the forecast period to reach a valuation of 270 Million USD in 2028.

Market Overview:

Food preservatives avoid the development of microorganisms, thus inhibiting or preventing food spoilage. Depending on the level of toxicity, they are graded as non-toxic and mildly toxic. Non-toxic preservatives may be used in processing, while moderately toxic preservatives may be regulated by relevant regulatory bodies, such as the U.S. The Food and Drug Administration (FDA) and the European Food Safety Authority (EFSA).

Market Drivers and Restraints:

Significant factors which have helped drive the Middle East and Africa Food Preservatives Market forward are-

The food preservation market is slowly increasing with a change in lifestyle and westernization due to an increase in the consumption of processed foods.

Rapid urbanization, along with high consumer disposable income, has led to progress in the demand for packaged products, including frozen food & desserts, thus stimulating market demand for food preservatives.

Many people prefer ready-to-eat food available on the market rather than home-made food. Such foods contain various additives and preservatives designed to maintain consistency and reduce the spoilage of multiple microorganisms, which are expected to increase the demand for food preservatives shortly.

The market is also increasing due to increased demand for organic food which requires different types of preservatives.

The factors holding the Middle East and Africa Food Preservatives Market back include-

The health hazards associated with these food preservatives are expected to reduce market growth during the forecast period.

The market growth is further limited by stringent regulations of the government over the pricing.

Middle East and Africa Preservatives Market Segmentation Analysis:

By Type:

• Natural
• Synthetic

By Function:

• Antimicrobials
• Antioxidants
• Chelating and Enzyme Inhibitors

By Application:

• Beverages
• Oils & Fats
• Bakery
• Dairy & Frozen Products
• Snacks
• Meat
• Poultry and Seafood Products
• Confectionery
• Other Applications

In 2018, meat and poultry accounted for the largest market share of 34.8%. The processed meat, poultry and seafood industries are expanding at a significant rate globally, which is expected to drive demand over the forecast period.

Synthetic method accounted for the largest market share of 81.3 percent in terms of value in 2018. Synthetic type is commonly used because it is economical and simple to formulate. They may be designed in accordance with the specifications of the application.

Natural preservatives are experiencing higher demand due to their acceptance in processing by relevant regulatory agencies, coupled with increasing health awareness among customers. The Natural Products segment is expected to have a significant market share over the forecast period due to customer preference for clean label products.

Regional Analysis:

Geographically the Middle East and Africa Food Preservatives Market is segmented into KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA. The demand in the Middle East and Africa is still rising due to less understanding of processed food and food preservatives. However, global companies are struggling to spread awareness among the people in these regions and are expanding their consumer base in untapped markets.

The international market is dominated by antimicrobial preservatives, followed by antioxidants. Sorbates, benzoates and other chemicals serve as antimicrobial preservatives.

Key Market Players:

Major Key Players in the MEA Food Preservatives Market are

• Akzo Nobel N.V. (Netherlands)
• Danisco A/S (Denmark)
• Cargill, Incorporated (US)
• Univar Inc. (US)
• Koninklijke DSM N.V (Netherlands)
• Brenntag Solutions Group, Inc. (Germany)
• Tate & Lyle (UK)
• Kemin Industries, Inc. (US)
• Galactic (Belgium)
• Hawkins Watts Limited (New Zealand)

Research Methodology:

The research done takes place in two phases namely-

Secondary Research The first phase of the research process is an extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. An extensive secondary research helps in generating hypothesis and identifying critical areas of interest that are investigated through primary research.

Primary Research This entails conducting hundreds of primary interviews with industry participants and commentators in order to validate the data points obtained from secondary research and to fill the data gaps. A primary interview provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc. It also helps in deciding the scope and deliverables of the study in terms of the requirement of the market. Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies.

Research Report Key Highlights:

• Current and future market perspectives for Middle East and Africa Food Preservatives Market in developed and emerging markets.
• Analyze different market perspectives using the analysis of five Porter forces
• The segment that is expected to dominate the market.
• Regions that are expected to grow faster during the forecast period.
• Identify the latest developments, market shares, and strategies of key market participants.