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Middle East & Africa Palatants Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Form, Category, and Source

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    Report

  • 104 Pages
  • February 2023
  • Region: Africa, Middle East
  • The Insight Partners
  • ID: 5743927
UP TO OFF until Jun 30th 2024
The Middle East & Africa palatants market is expected to grow from US$ 67.82 million in 2022 to US$ 94.16 million by 2028. It is estimated to grow at a CAGR of 5.6% from 2022 to 2028.

Increasing Consumer Preference for Clean Label Productsis fueling the Middle East & Africa palatants market growth during the forecast period

Traditionally, palatants produced with the help of by products from the livestock industry were considered effective. However, potential problems associated with animal proteins regarding sanitation and import of animal-based palatants have increased the demand for plant-based palatants worldwide. Sanitary issues and issues related to the import of animal-based palatants have surged the demand for plant-based palatants across the region. The rising awareness about the health and diet of pets has fueled the need for naturally labelled products. Pet owners are buying natural pet food products and are interested in clean labelling of ingredients used in pet food products such as artificial flavours, allergens, no grains, colors, or preservatives.
Importing animal-based palatants involves sanitary issues; hence, companies are manufacturing plant-based palatants as they have fewer issues related to cross-border commerce rules and protective measures. This has encouraged significant market players to produce and launch natural palatants. In June 2019, Kemin Nutrisurance announced the launch of PALTEVA, a line of natural flavor enhancers for dog food, to help manufacturers meet the growing demand for natural pet food products. In October 2020, Kerry Inc. announced the launch of PurePal, a plant-based palatant designed to add flavor and aroma to pet food. Thus, the increasing consumer preference for clean label products is fueling the Middle East & Africa palatants market growth during the forecast period.

Middle East & Africa Palatants Market Overview

The Middle East & Africa palatants market is sub segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the Middle East & Africa. Egypt and Saudi Arabia are the critical animal feed producers in the region, which indicates the potential for palatants providers in these countries. Moreover, with the availability of a wide variety of animal food products, Middle East and African countries exhibit a shift in the dietary patterns for animals and pets; nutrient content, health benefits, and long shelf life of animal feeds are among the key factors facilitating this shift. Moreover, animal feed products are claimed to have a better taste appeal with delectable aroma and flavor. South Africa is among the pet-friendly countries. In recent years, the perception of people for acquiring dogs has changed in the recent years, as they have begun keeping dogs for companionship, in addition to safety purposes. Thus, with increased pet ownership and the progressive pet food industry, the demand for quality pet food ingredients is also growing in the Middle East & Africa, which is anticipated to boost the Middle East & Africa palatants market growth during the forecast period.

Middle East & AfricaPalatants Market Revenue and Forecast to 2028 (US$ Million)

Middle East & Africa Palatants Market Segmentation

The Middle East & Africa palatants market is segmented into form, category, source, and country.
  • Based on form, the Middle East & Africa palatants market is bifurcated intodry and liquid. The dry segment held the larger market share in 2022.
  • Based on category, the Middle East & Africa palatants market is bifurcated into organic and conventional. The conventional segment held the larger market share in 2022.
  • Based on source, the Middle East & Africa palatants market is segmented into plant derived palatants, meat derived palatants, insect derived palatants, and others. The meat derived palatants segment held the larger market share in 2022.
  • Based on country, the Middle East & Africa palatants market is segmentedinto South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the market share in 2022.
AFB International Inc; Archer-Daniels-Midland Co; BHJ AS; Bitek Industries Pty Ltd; Kemin Industries Inc; Kerry Group Plc; Ohly GmbH; and Symrise AG are the leading companies operating in the Middle East & Africa palatants market.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Middle East & Africa Palatants Market - By Form
1.3.2 Middle East & Africa Palatants Market - By Category
1.3.3 Middle East & Africa Palatants Market - Source
1.3.4 Middle East & Africa Palatants Market - By Country

2. Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Middle East & Africa Palatants Market Landscape
4.1 Market Overview
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.4 Expert Opinions

5. Middle East & Africa Palatants Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rising Popularity of Pet Humanization
5.1.2 Changing Consumer Perception Regarding Pet Health
5.2 Market Restraints
5.2.1 Stringent Regulatory Framework
5.3 Market Opportunities
5.3.1 Increasing Product Innovation
5.4 Future Trends
5.4.1 Increasing Consumer Preference for Clean Label Products
5.5 Impact Analysis of Drivers and Restraints

6. Palatants - Middle East & Africa Market Analysis
6.1 Middle East & Africa Palatants Market Overview
6.2 Middle East & Africa Palatants Market Forecast and Analysis

7. Middle East & Africa Palatants Market Analysis - By Form
7.1 Overview
7.2 Middle East & Africa Palatants Market, By Form (2021 and 2028)
7.2.1 Dry
7.2.2 Overview
7.2.3 Dry: Middle East & Africa Palatants Market - Revenue and Forecast to 2028 (US$ Mn)
7.2.4 Liquid
7.2.5 Overview
7.2.6 Liquid: Middle East & Africa Palatants Market - Revenue and Forecast to 2028 (US$ Mn)

8. Middle East & Africa Palatants Market Analysis - By Category
8.1 Overview
8.2 Middle East & Africa Palatants Market, By Category (2021 and 2028)
8.3 Organic
8.3.1 Overview
8.3.2 Organic: Middle East & Africa Palatants Market - Revenue and Forecast to 2028 (US$ Mn)
8.4 Conventional
8.4.1 Overview
8.4.2 Conventional: Middle East & Africa Palatants Market - Revenue and Forecast to 2028 (US$ Mn)

9. Middle East & Africa Palatants Market Analysis - By Source
9.1 Overview
9.2 Middle East & Africa Palatants Market, By Source (2021 and 2028)
9.3 Plant-Derived Palatants
9.3.1 Overview
9.3.2 Plant-Derived Palatants: Middle East & Africa Palatants Market - Revenue and Forecast to 2028 (US$ Mn)
9.4 Meat-Derived Palatants
9.4.1 Overview
9.4.2 Meat-Derived Palatants: Middle East & Africa Palatants Market - Revenue and Forecast to 2028 (US$ Mn)
9.5 Insect-Derived Palatants
9.5.1 Overview
9.5.2 Insect-Derived Palatants: Middle East & Africa Palatants Market - Revenue and Forecast to 2028 (US$ Mn)
9.6 Others
9.6.1 Overview
9.6.2 Others: Middle East & Africa Palatants Market - Revenue and Forecast to 2028 (US$ Mn)

10. Middle East & Africa Palatants Market - Country Analysis
10.1 Overview
10.1.1 Middle East & Africa: Middle East & Africa Palatants Market, by Key Country
10.1.1.1 South Africa: Middle East & Africa Palatants Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 South Africa: Middle East & Africa Palatants Market, by Form
10.1.1.1.2 South Africa: Middle East & Africa Palatants Market, by Category
10.1.1.1.3 South Africa: Middle East & Africa Palatants Market, by Source
10.1.1.2 Saudi Arabia: Middle East & Africa Palatants Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Saudi Arabia: Middle East & Africa Palatants Market, by Form
10.1.1.2.2 Saudi Arabia: Middle East & Africa Palatants Market, by Category
10.1.1.2.3 Saudi Arabia: Middle East & Africa Palatants Market, by Source
10.1.1.3 UAE: Middle East & Africa Palatants Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 UAE: Middle East & Africa Palatants Market, by Form
10.1.1.3.2 UAE: Middle East & Africa Palatants Market, by Category
10.1.1.3.3 UAE: Middle East & Africa Palatants Market, by Source
10.1.1.4 Rest of Middle East & Africa: Middle East & Africa Palatants Market-Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Rest of Middle East & Africa: Middle East & Africa Palatants Market, by Form
10.1.1.4.2 Rest of Middle East & Africa: Middle East & Africa Palatants Market, by Category
10.1.1.4.3 Rest of Middle East & Africa: Middle East & Africa Palatants Market, by Source

11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition

12. Company Profiles
12.1 Kerry Group Plc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Archer-Daniels-Midland Co
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 AFB International Inc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 BHJ AS
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Bitek Industries Pty Ltd
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Symrise AG
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Kemin Industries Inc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Ohly GmbH
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments

13. Appendix
13.1 About the Publisher
13.2 Glossary of Terms

List of Tables
Table 1 Middle East & Africa Palatants Market Revenue Forecast to 2028 (US$ Mn)
Table 2. Middle East & Africa Palatants Market, by Form- Revenue and Forecast to 2028 (US$ Million)
Table 3. Middle East & Africa Palatants Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 4. Middle East & Africa Palatants Market, by Source - Revenue and Forecast to 2028 (US$ Million)
Table 5. South Africa: Middle East & Africa Palatants Market, by Form - Revenue and Forecast to 2028 (US$ Million)
Table 6. South Africa: Middle East & Africa Palatants Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 7. South Africa: Middle East & Africa Palatants Market, by Source - Revenue and Forecast to 2028 (US$ Million)
Table 8. Saudi Arabia: Middle East & Africa Palatants Market, by Form - Revenue and Forecast to 2028 (US$ Million)
Table 9. Saudi Arabia: Middle East & Africa Palatants Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 10. Saudi Arabia: Middle East & Africa Palatants Market, by Source - Revenue and Forecast to 2028 (US$ Million)
Table 11. UAE: Middle East & Africa Palatants Market, by Form - Revenue and Forecast to 2028 (US$ Million)
Table 12. UAE: Middle East & Africa Palatants Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 13. UAE: Middle East & Africa Palatants Market, by Source - Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of Middle East & Africa Palatants Market, by Form - Revenue and Forecast to 2028 (US$ Million)
Table 15. Rest of Middle East & Africa Palatants Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 16. Rest of Middle East & Africa Palatants Market, by Source - Revenue and Forecast to 2028 (US$ Million)
Table 17. Glossary of Terms, Middle East & Africa Palatants Market

List of Figures
Figure 1. Middle East & Africa Palatants Market Segmentation
Figure 2. Middle East & Africa Palatants Market Segmentation - By Country
Figure 3. Middle East & Africa Palatants Market Overview
Figure 4. Dry segment holds the largest share
Figure 5. The Rest of Middle East & Africa Held Largest Share of Middle East & Africa Palatants Market in 2021
Figure 6. Porter's Five Forces Analysis: Middle East & Africa Palatants Market
Figure 7. Ecosystem: Middle East & Africa Palatants Market
Figure 8. Expert Opinion
Figure 9. Middle East & Africa Palatants Market: Impact Analysis of Drivers and Restraints
Figure 10. Middle East & Africa Palatants Market Forecast and Analysis, 2020-2028 (US$ Mn)
Figure 11. Middle East & Africa Palatants Market Revenue Share, by Form (2021 and 2028)
Figure 12. Dry: Middle East & Africa Palatants Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 13. Liquid: Middle East & Africa Palatants Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 14. Middle East & Africa Palatants Market Revenue Share, by Category (2021 and 2028)
Figure 15. Organic: Middle East & Africa Palatants Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 16. Conventional: Middle East & Africa Palatants Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 17. Middle East & Africa Palatants Market Revenue Share, by Source (2021 and 2028)
Figure 18. Plant-Derived Palatants: Middle East & Africa Palatants Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 19. Meat-Derived Palatants: Middle East & Africa Palatants Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 20. Insect-Derived Palatants: Middle East & Africa Palatants Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 21. Others: Middle East & Africa Palatants Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 22. Middle East & Africa Palatants Market, by Key Country - Revenue (2021) (US$ Million)
Figure 23. Middle East & Africa Palatants Market Revenue Share, by Key Country (2021 and 2028)
Figure 24. South Africa: Middle East & Africa Palatants Market -Revenue and Forecast to 2028 (US$ Million)
Figure 25. Saudi Arabia: Middle East & Africa Palatants Market -Revenue and Forecast to 2028 (US$ Million)
Figure 26. UAE: Middle East & Africa Palatants Market -Revenue and Forecast to 2028 (US$ Million)
Figure 27. Rest of Middle East & Africa: Middle East & Africa Palatants Market-Revenue and Forecast to 2028 (US$ Million)

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • AFB International Inc
  • Archer-Daniels-Midland Co
  • BHJ AS
  • Bitek Industries Pty Ltd
  • Kemin Industries Inc
  • Kerry Group Plc
  • Ohly GmbH
  • Symrise AG

Table Information