Middle East and Africa Food Additives Market has been estimated at USD 3.61 Billion in 2022 and is projected to reach USD 4.74 Billion by 2028, at a CAGR of 5.57% during the forecast period from 2023 to 2028.
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.
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.
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]