Middle East And Africa Nutraceutical Ingredients Market

Middle East and Africa Nutraceutical Ingredients Market Size (2024 to 2029)

The Middle East and Africa Nutraceutical Ingredients Market is expected at USD 10.04 billion in 2024 and USD 13.23 billion by 2029, rising at a CAGR of 5.68% during the forecast period.

Middle East and Africa Nutraceutical Ingredients Market Key Growth Factors are, the rise in chronic diseases due to the fast pace of life of consumers, the increase in the number of non-communicable diseases, and the demand for a longer shelf life, which increases the preference for nutritional diets.A nutraceutical is a substance considered as the food or part of the food that confers nutritional value to the food. It is also known as a functional food that contains standardized and pharmaceutical-grade nutrients. The product acts as a source of nutritional supplement for the body through diet and works to prevent disease. Also, there is a multitude of people who are not undernourished in terms of diet but who remain deprived of adequate nutrition and subsequently suffer the ramifications of malnutrition and nutritional deficiencies. Nutraceutical ingredients, a type of food additive, help alleviate medical problems that arise due to nutritional deficiency.

Middle East and Africa Nutraceutical Ingredients Market Drivers and Restraints

The rise in chronic diseases due to the fast pace of life of consumers, the increase in the number of non-communicable diseases, and the demand for a longer shelf life, which increases the preference for nutritional diets, are factors key that are expected to fuel the growth of the Middle East and Africa Nutraceutical Ingredients Market. Other factors supporting the growth of this market are the wide applications of nutraceutical ingredients such as functional foods and beverages, animal nutrition and personal care products, growing demand for preventive health care, growing aging population and strong preference for natural ingredients. The increasing adoption of nutraceutical ingredients in pharmaceutical drugs due to their effective properties, such as anti-aging, is also another growth driver of the Middle East and Africa Nutraceutical Ingredients Market during the forecast period. However, the high investment in R&D activities, such as a process laboratory to bring a pipeline for this product to market, generally takes time, increases the cost of production, and the high price of raw material are the main constraints that hinder the growth of the Middle East and Africa Nutraceutical Ingredients Market.

This research report on the middle east and africa nutraceutical ingredients market has been segmented and sub-segmented into the following categories.

Middle East and Africa Nutraceutical Ingredients Market Analysis By Type 

• Probiotic

• Protein

• Mineral

• Vitamin

• Carotenoid

• Fibers

• Phytochemical

Middle East and Africa Nutraceutical Ingredients Market Analysis By Form 

• Dry 

• Liquid

The dry form will account for the majority of the industry as its formulation process is comparatively easier, especially for high-volume manufacturing. Furthermore, the dry form preserves the flavor and color of food and beverage products and offers advantages in terms of easy handling and storage, which is difficult with liquid ingredients.

Middle East and Africa Nutraceutical Ingredients Market Analysis By Applications 

• Food

• Dietary supplement

• Animal nutrition

Nutraceutical ingredients offer various health benefits like gut health, heart health, bone health, immunity, nutrition, weight management.

Middle East and Africa Nutraceutical Ingredients Market Regional Analysis

• UAE

• Israel

• KSA

• South Africa

• Egypt

The Middle East and Africa Nutraceutical Ingredients Market has been divided by geography into South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel, and Rest of Middle East and Africa. The Middle East and Africa is one of the key emerging regions, which will offer noteworthy opportunities in the Nutraceutical Ingredients Market during the projection period due to the growth in consumer spending on health and wellness products, changing lifestyles and rising disposable income.

Middle East and Africa Nutraceutical Ingredients Market Key Players

1. General Mills

2. Groupe Danone

3. E. I., BASF

4. Nestle

5. Royal DSM

6. Marlyn

7. Barrington Nutritionals

8. Archer Daniels Midland

9. Aker BioMarine

Recent Developments in Nutraceutical Ingredients Market

• In August 2019, Ingredion Incorporated invested $ 140 million to drive growth in the vegetable protein market to improve its products and expand the product portfolio of isolates, concentrates, and legume flours.
• In March 2020, Tate & Lyle, a renowned food and beverage ingredients and solutions provider around the world, announced the expansion of its tapioca-based starch line. The expansion includes the launch of the new REZISTA® MAX thickening starches and BRIOGEL® gelling starches. These innovative tapioca starches will help food manufacturers deliver higher quality products due to their better process tolerance, mouthfeel, fluidity and texture.
• In April 2020, Chr. Hansen Holding A/S and HSO Health Care GmbH signed a deal in which the latter will be acquired by the former. This acquisition is part of the strategy to seek complementary acquisitions that fit the microbial platform, as discussed in Nature's No. 1 strategy. The transaction will be finalized at the end of this week.
• In January 2020, Archer Daniels Midland (ADM) has completed the purchase of Yerbalatina Phytoactives, a manufacturer of natural herbal extracts and ingredients.
• In September 2019, Kyowa Hakko expanded its product portfolio with the addition of Setria Glutathione product in Indonesia, which is a multipurpose supplement.
• In March 2020, Kerry Group invested over USD 125 million to expand its Rome, Georgia plant. Construction of the expanded facility will begin immediately and the project is expected to be completed in early 2021. The expansion would double the production capacity of the existing site and help the company meet growing consumer demand in the poultry and seafood markets.