Middle East and Africa Food Additives Market has been estimated at USD 3.61 Billion in 2021 and is projected to reach USD 4.74 Billion by 2026, at a CAGR of 5.57% during the forecast period from 2021 to 2026.
Market Overview:
Food additives are ingredients which are added to the end food products to enhance the taste and appearance. They are being utilized for the preservation of food by pickling, sulfur dioxide for wines, salting as in the case of bacon, etc. Food additives can be of both artificial and natural origin.
Drivers and Restraints:
The market for food additives in Middle-East and Africa is mainly driven due to growing supply chain complexities/inefficiencies in the food and beverage industry which is making them resort to food additives which helps in preserving as well as enhancing the taste of the products. But, the market growth can be constrained due to strong organic movement, coupled with decreasing reliance on synthetic chemicals owing to adverse effects on human health.
Middle East and Africa Food Additives Market Segmentation Analysis:
Middle-East and Africa market for Food Additives is segmented based on type, source and application. By type, the market is further sub-segmented into Acidulants, Anti-caking agents, Colors, Emulsifiers, Enzymes, Flavors, Hydrocolloids, Preservatives, Sweeteners. By Source, the market is further sub-segmented into Natural and Synthetic. By Application, the market is further sub-segmented into Bakery & confectionery, Beverages, Convenience foods, Dairy & frozen desserts, Spices & condiments, sauces & dressings. The flavors segment accounts for the largest market share followed by the sweeteners segment in the market by type. The demand for food additives in beverages accounted for the largest share, while the sauces, dressings, spices, condiments segment is projected to be the fastest-growing segments.
Region Analysis:
Geographically, Middle-East and Africa market for Food Additives is segmented into Middle-East region and Africa region. The Food Additives market in the Middle-East and Africa region is projected to grow at a high CAGR, due to many foreign companies entering the emerging economies through partnerships as they see the developed countries as matured markets in terms of revenue growth. Also, this area is likely to be a high potential market owing to growing domestic consumption coupled with government support to attract new investment.
Key Players in the Market:
Major key players in the MEA Food Additives Market are
E.I. DuPont , Archer Daniels Midland Company, Cargill, Incorporated, CHR. Hansen Holding A/S, Kerry Group Plc, and BASF SE are the major players of Middle-East and Africa Food Additives market.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Type
5.1.1 Acidulants
5.1.2 Anti-caking agents
5.1.3 Colors
5.1.4 Emulsifiers
5.1.5 Enzymes
5.1.6 Flavors
5.1.7 Hydrocolloids
5.1.8 Preservatives
5.1.9 Sweeteners
5.2 By Source
5.2.1 Natural
5.2.2 Synthetic
5.3 By Application
5.3.1 Bakery & confectionery
5.3.2 Beverages
5.3.3 Convenience foods
5.3.4 Dairy & frozen desserts
5.3.5 Other Applications
6. Geographical Analysis
6.1 Introduction
6.2 Middle-East
6.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 E.I. DuPont
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Archer Daniels Midland Company
8.3 Cargill, Incorporated
8.4 CHR. Hansen Holding A/S
8.5 Kerry Group Plc
8.6 BASF SE
8.7 Evonik Industries AG
8.8 Tate & Lyle PLC
8.9 Chr. Hansen Holding A/S
8.10 Novozymes A/S
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook & Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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Apr 2021
