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Pulished Date August, 2019
ID: 489
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Middle East And Africa Food Preservatives Market By Type (Natural, Synthetic), By Function (Antimicrobials, Antioxidants, Chelating And Enzyme Inhibitors) By Application (Beverages, Oils & Fats, Bakery, Dairy & Frozen Products, Snacks, Meat, Poultry, & Seafood Products, Confectionery, Other Applications), And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2019-2024

Pulished: August, 2019
ID: 489
Pages: 133

Middle East and Africa Preservatives Market Growth Rate Analysis:

Middle East and Africa Preservatives Market is currently valued at 230 Million USD in 2019. The market is expected to grow at a CAGR of 2.85% over the forecast period to reach a valuation of 270 Million USD in 2019.

Food preservatives avoid the development of microorganisms, thus inhibiting or preventing food spoilage. Depending on the level of toxicity, they are graded as non-toxic and mildly toxic. Non-toxic preservatives may be used in processing, while moderately toxic preservatives may be regulated by relevant regulatory bodies, such as the U.S. The Food and Drug Administration (FDA) and the European Food Safety Authority (EFSA).

Regional Analysis:

Geographically, the Middle East and Africa food preservation markets are segmented into the Middle East and Africa regions. The demand in the Middle East and Africa is still rising due to less understanding of processed food and food preservatives. However, global companies are struggling to spread awareness among the people in these regions and are expanding their consumer base in untapped markets.

Market Drivers and Restraints:

Significant factors which have helped drive the Middle East and Africa Food Preservatives Market forward are-

  • The food preservation market is slowly increasing with a change in lifestyle and westernization due to an increase in the consumption of processed foods.
  • Rapid urbanization, along with high consumer disposable income, has led to progress in the demand for packaged products, including frozen food & desserts, thus stimulating market demand for food preservatives.
  • Many people prefer ready-to-eat food available on the market rather than home-made food. Such foods contain various additives and preservatives designed to maintain consistency and reduce the spoilage of multiple microorganisms, which are expected to increase the demand for food preservatives shortly.
  • The market is also increasing due to increased demand for organic food which requires different types of preservatives.

The factors holding the Middle East and Africa Food Preservatives Market back include-

  • The health hazards associated with these food preservatives are expected to reduce market growth during the forecast period.
  • The market growth is further limited by stringent regulations of the government over the pricing.

Market Segmentation

By Type:

  • Natural
  • Synthetic

By Function:

  • Antimicrobials
  • Antioxidants
  • Chelating and Enzyme Inhibitors

By Application:

  • Beverages
  • Oils & Fats
  • Bakery
  • Dairy & Frozen Products
  • Snacks
  • Meat
  • Poultry and Seafood Products
  • Confectionery
  • Other Applications

By Region:

  • Middle East
  • Africa
  • In 2018, meat and poultry accounted for the largest market share of 34.8%. The processed meat, poultry and seafood industries are expanding at a significant rate globally, which is expected to drive demand over the forecast period.
  • Synthetic method accounted for the largest market share of 81.3 percent in terms of value in 2018. Synthetic type is commonly used because it is economical and simple to formulate. They may be designed in accordance with the specifications of the application.
  • Natural preservatives are experiencing higher demand due to their acceptance in processing by relevant regulatory agencies, coupled with increasing health awareness among customers. The Natural Products segment is expected to have a significant market share over the forecast period due to customer preference for clean label products.
  • The international market is dominated by antimicrobial preservatives, followed by antioxidants. Sorbates, benzoates and other chemicals serve as antimicrobial preservatives.

KEY MARKET PLAYERS:

The key market players in the Middle East and Africa Food Preservatives Market include Akzo Nobel N.V. (Netherlands), Danisco A/S (Denmark), Cargill, Incorporated (US), Univar Inc. (US), Koninklijke DSM N.V (Netherlands), Brenntag Solutions Group, Inc. (Germany), Tate & Lyle (UK), Kemin Industries, Inc. (US), Galactic (Belgium), and Hawkins Watts Limited (New Zealand).

RESEARCH METHODOLOGY:

The research done takes place in two phases namely-

Secondary Research The first phase of the research process is an extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. An extensive secondary research helps in generating hypothesis and identifying critical areas of interest that are investigated through primary research.

Primary Research This entails conducting hundreds of primary interviews with industry participants and commentators in order to validate the data points obtained from secondary research and to fill the data gaps. A primary interview provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc. It also helps in deciding the scope and deliverables of the study in terms of the requirement of the market. Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies.

Research Report Key Highlights:

  • Current and future market perspectives for Middle East and Africa Food Preservatives Market in developed and emerging markets.
  • Analyze different market perspectives using the analysis of five Porter forces
  • The segment that is expected to dominate the market.
  • Regions that are expected to grow faster during the forecast period.
  • Identify the latest developments, market shares, and strategies of key market participants.

 

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         

                3.3 New Developments

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 Natural

                                5.1.2 Synthetic

                5.2 By Function

                                5.2.1 Antimicrobials

                                5.2.2 Antioxidants

                                5.2.3 Chelating and enzyme inhibitors

                5.3 By Application           

                                5.3.1 Beverages

                                5.3.2 Oils & fats

                                5.3.3 Bakery and Confectionery products

                                5.3.4 Dairy & frozen products

                                5.3.5 Snacks

                                5.3.6 Meat products

                                5.3.7 Poultry products

                                5.3.8 Seafood products

                                5.3.9 Other food 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 BASF SE        

                                8.1.1 Overview

                                8.1.2 Product Analysis

                                8.1.3 Strategic Evaluation and Operations

                                8.1.4 Financial analysis

                                8.1.5 Legal issues

                                8.1.6 Recent Developments

                                8.1.7 SWOT analysis

                                8.1.8 Analyst View

                8.2 Cargill Incorporated

                8.3 Celanese Corporation            

                8.4 Chr. Hansen A/S       

                8.5 Kerry Group

                8.6 Koninklijke DSM N.V

                8.7 The Archer Daniels Midland Company            

                8.8 Corbion N.V.              

                8.9 DuPont        

                8.10 JEY’S F.I. Inc.            

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. Expert Opinions                        

                10.1 Market Outlook     

                10.2 Investment Opportunities 

Appendix                           

                a) List of Tables

                b) List of Figures              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Middle East & Africa Food Preservatives Market By Region, From 2019-2024 (USD Billion)
  2. Middle East & Africa Food Preservatives Market By Type, From 2019-2024 (USD Billion)
  3. Middle East & Africa Natural Food Preservatives Market By Region, From 2019-2024 (USD Billion)
  4. Middle East & Africa Synthetic Food Preservatives Market By Region, From 2019-2024 (USD Billion)
  5. Middle East & Africa Food Preservatives Market By Function, From 2019-2024 (USD Billion)
  6. Middle East & Africa Antimicrobials Food Preservatives Market By Region, From 2019-2024 (USD Billion)
  7. Middle East & Africa Antioxidants Food Preservatives Market By Region, From 2019-2024 (USD Billion)
  8. Middle East & Africa Chelating and Enzyme inhibitors Food Preservatives Market By Region, From 2019-2024 (USD Billion)
  9. Middle East & Africa Food Preservatives Market By Application, From 2019-2024 (USD Billion)
  10. Middle East & Africa Beverages Food Preservatives Market By Region, From 2019-2024 (USD Billion)
  11. Middle East & Africa Oils & Fats Food Preservatives Market By Region, From 2019-2024 (USD Billion)
  12. Middle East & Africa Bakery and Confectionery products Food Preservatives Market By Region, From 2019-2024 (USD Billion)
  13. Middle East & Africa Dairy and Frozen products Food Preservatives Market By Region, From 2019-2024 (USD Billion)
  14. Middle East & Africa Snacks Food Preservatives Market By Region, From 2019-2024 (USD Billion)
  15. Middle East & Africa Meat products Food Preservatives Market By Region, From 2019-2024 (USD Billion)
  16. Middle East & Africa Poultry products Food Preservatives Market By Region, From 2019-2024 (USD Billion)
  17. Middle East & Africa Seafood products Food Preservatives Market By Region, From 2019-2024 (USD Billion)
  18. Middle East & Africa Other food applications Food Preservatives Market By Region, From 2019-2024 (USD Billion)
  19. Middle East Food Preservatives Market By Type, From 2019-2024 (USD Billion)
  20. Middle East Food Preservatives Market By Function, From 2019-2024 (USD Billion)
  21. Middle East Food Preservatives Market By Application, From 2019-2024 (USD Billion)
  22. Africa Food Preservatives Market By Type, From 2019-2024 (USD Billion)
  23. Africa Food Preservatives Market By Function, From 2019-2024 (USD Billion)
  24. Africa Food Preservatives Market By Application, From 2019-2024 (USD Billion)

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