The Middle East and Africa Specialty Food Ingredients Market has been estimated at USD 4.6 Billion in 2021 and is projected to reach USD 5.99 Billion by 2026, at a CAGR of 5.44% during the forecast period from 2021 to 2026.
Market Overview:
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.
Middle East and Africa Specialty Food Ingredients Market Segmentation Analysis:
Middle-East and Africa market for Specialty Food Ingredients is segmented based on Ingredients and Application. By ingredients, the market is further sub-segmented into Functional Food Ingredients, Sugar Substitutes, Flavors, Specialty Starches, Acidulants, Preservatives, Emulsifiers and Colors, Enzymes, F&B Starter cultures, Nutraceuticals. By Application, the market is further sub-segmented into Bakery & Confectionery, Beverages, Dairy & Frozen foods, Convenience foods, Meat Products & Functional Foods and Beverages, Dietary Supplements. Functional Food Ingredients segment dominate the market with largest share and demand, while, Nutraceuticals segment is escalating in the market with high CAGR.
Region Analysis:
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.
Key Players in the Market:
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.
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 Ingredient
5.1.1 Functional Food Ingredients
5.1.1.1 Proteins and Amino Acids
5.1.1.2 Vitamins
5.1.1.3 Minerals
5.1.1.4 Prebiotics
5.1.1.5 Probiotics
5.1.1.6 Hydrocolloids
5.1.1.7 Essential Oil
5.1.1.8 Omega-3 Fatty Acids
5.1.1.9 Carotenoids
5.1.2 Sugar Substitutes
5.1.2.1 High Fructose Syrup
5.1.2.2 High Intensity Sweeteners
5.1.2.3 Low Intensity Sweeteners
5.1.3 Flavors
5.1.3.1 Natural Extracts
5.1.3.2 Aroma Chemicals
5.1.3.3 Essential Oil
5.1.3.4 Micro-Organisms
5.1.4 Specialty Starches
5.1.4.1 Etherified Starch
5.1.4.2 Esterified Starch
5.1.4.3 Resistant Starch
5.1.4.4 Pre-Gelatinized
5.1.5 Preservatives
5.1.5.1 Natural
5.1.5.2 Synthetic
5.1.5.3 Others
5.1.6 Acidulants
5.1.7 Emulsifiers and Colors
5.1.8 Enzymes
5.1.9 Nutraceuticals
5.1.10 F&B Starter cultures
5.2 By Application
5.2.1 Bakery & Confectionery
5.2.2 Beverages
5.2.3 Dairy & Frozen foods
5.2.4 Convenience foods
5.2.5 Meat Products
5.2.6 Functional Foods and Beverages
5.2.7 Dietary Supplements
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 Archer Daniel Midland
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 Royal DSM N.V.
8.3 Kerry Groups
8.4 Cargill Inc.
8.5 E. I. DuPont de Nemours and Company
8.6 Givaudan Flavors
8.7 Sensient Technologies
8.8 , CHR. Hansen
8.9 Ingredion Incorporated
8.10 Tate & Lyle PLC
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
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