Middle East And Africa Specialty Food Ingredients Market

Middle East and Africa Specialty Food Ingredients Market Growth and Forecast (2023 - 2028):

The Middle East and Africa Specialty Food Ingredients Market has been estimated at USD 4.6 Billion in 2022 and is projected to reach USD 5.99 Billion by 2028, at a CAGR of 5.44% during the forecast period from 2023 to 2028.

Market Overview:

Specialty food ingredients are used by food and beverage industry to enhance taste and flavor to the processed food. They help in enhancing shelf-life, stability and texture of the food products. They are majorly sold to food processing industry including large food manufacturing companies as well as medium-sized companies.

The market for Specialty Food Ingredients in Middle-East and Africa is mainly driven due to increasing urban population coupled with rising disposable income level, which is increasing the penetration for packaged and convenience food items. Also, rising incidence of diabetes and obesity in developing countries, provoke the consumer to focus more on healthier lifestyles, which is making them resort to healthy Specialty food ingredients.

Middle East and Africa Specialty Food Ingredients Market Segmentation Analysis:

Middle-East and Africa market for Specialty Food Ingredients is segmented based on Ingredients and Application. By ingredients, the market is further sub-segmented into Functional Food Ingredients, Sugar Substitutes, Flavors, Specialty Starches, Acidulants, Preservatives, Emulsifiers and Colors, Enzymes, F&B Starter cultures, Nutraceuticals. By Application, the market is further sub-segmented into Bakery & Confectionery, Beverages, Dairy & Frozen foods, Convenience foods, Meat Products & Functional Foods and Beverages, Dietary Supplements. Functional Food Ingredients segment dominate the market with largest share and demand, while, Nutraceuticals segment is escalating in the market with high CAGR.

Region Analysis:

Geographically, Middle-East and Africa market for Specialty Food Ingredients is segmented into Middle-East region and Africa region. The market in Middle-East and Africa region is driving with high CAGR with increasing focus of global key market players involving in the expansion of markets in the untapped areas of this region. Also, with economies showing positive signs of recovery, on-going industrialization, ingredient suppliers are becoming optimistic about the future of specialty food ingredients market in this region.

Key Players in the Market:

Major key players in the MEA Specialty Food Ingredients Market are

Archer Daniel Midland, Royal DSM N.V., Kerry Groups, Cargill Inc., E. I. DuPont de Nemours and Company, Givaudan Flavors, Sensient Technologies, CHR. Hansen, Ingredion Incorporated, and Tate & Lyle PLC are the major players of Middle-East and Africa Specialty Food Ingredients market.