The Middle East and Africa Specialty Food Ingredients Market was estimated at USD 4.69 Billion in 2024 and is projected to reach USD 7.17 Billion by 2032, at a CAGR of 5.43% during the forecast period from 2024 to 2032.
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.
Functional Food Ingredients segment dominate the market with largest share and demand, while, Nutraceuticals segment is escalating in the market with high CAGR.
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.
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.
Related Reports
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 1600
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region