Middle East And Africa Alcohol Ingredients Market

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

Middle East and Africa Alcohol Ingredients Market was worth USD 0.12 billion in 2022 and expected to be growing at a CAGR of 8.13%, to reach USD 0.17 billion by 2028. Alcohol ingredients such as yeast, flavours & salts, enzymes, colours and other ingredients are extracted from natural sources such as plants, vegetables, and fruits.

Market Overview:

Alcohol ingredients are specialty ingredients used in a variety of food & beverage applications, especially in the production of alcoholic beverages. Alcoholic beverages are produced by the fermentation of fruit, vegetables or cereals.

Drivers and Restraints:

The alcohol ingredients demand essentially depends on the performance quality and legislations imposed by the both local as well as international government on the production of alcohol beverage ingredients and alcohol beverages. Distribution channel advancement such as online sales, outlets in public places like airport are a few important driving factors for alcohol beverage market in this region. The major restraints in the alcohol industry include stringent government regulations on manufacturing and selling liquor, high taxes, and ban on advertisements among others. Health-conscious consumers and high costs of raw materials are also among the major restraints of the market.

Middle East and Africa Alcohol Ingredients Market Segmentation Analysis:

The Middle-East and Africa alcohol ingredients market is segmented by ingredient type, beverage type and geography. By ingredients type, the market is classified into yeasts, enzymes, colorants, salts & flavours and others. Yeast can be additionally categorized into bottom-fermenting and top-fermenting. By beverage type, the market is divided into beer, spirits, wine, whiskey, brandy, others. Further categorisation of spirits includes vodka, rum, scotch, gin, tequila and others. Spirits are accounting for a major part of market growth in recent times.

Region Analysis:

Geographically the Middle East and Africa Alcohol Ingredients Market is segmented into KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA. Relaxing of government policies and regulations are expected to boost the market growth in the Middle East. High competition due to the presence of a large number of local players in Africa is a deterrent for market growth in this region.

Key Players in the Market:

Major Key Players in the MEA Alcohol Ingredients Market are

• Chr. Hansen Holdings A/S (Denmark)
• Ashland Inc. (U.S.)
• Sensient Technologies Corporation (U.S.)
• Cargill, Incorporated (U.S.)
• Archer Daniels Midland Company (U.S.)