The plant extracts market in the Middle East & Africa is expected to grow from US$ 1,554.44 million in 2022 to US$ 2,281.31 million by 2028; it is estimated to grow at a CAGR of 6.6% from 2022 to 2028.
Consumers are highly concerned about their diet. They have been paying attention to ingredients used in processed food products. Herbal and natural products are becoming increasingly popular, owing to their perceived health benefits. Moreover, consumers increasingly prefer food and beverage products that are free of synthetic flavors, colors, and other ingredients. They are willing to pay high prices for these ingredients. There is an increasing consumer awareness related to the adverse health effects of consuming synthetic ingredients. Therefore, the demand for natural ingredients is rising in the food & beverage industry. In addition, the use of various artificial flavorings in food and beverages is prohibited by several health organizations and food safety associations. Plant extracts are widely used as an antioxidant, antimicrobial agents, and shelf life-extending agents in the industry. Furthermore, the extracts are significantly used as flavoring agents in many food products. Moreover, changing people's preferences toward a healthy lifestyle, rising awareness related to the side effects of synthetic flavors, and growing R&D activities for natural extracts as ingredients are boosting the demand for plant extracts in the food & beverages industries. Thus, manufacturers are adopting strategic development initiatives to cater to the rising demand for plant extracts, which drives the market growth.
Consumers are highly concerned about their diet. They have been paying attention to ingredients used in processed food products. Herbal and natural products are becoming increasingly popular, owing to their perceived health benefits. Moreover, consumers increasingly prefer food and beverage products that are free of synthetic flavors, colors, and other ingredients. They are willing to pay high prices for these ingredients. There is an increasing consumer awareness related to the adverse health effects of consuming synthetic ingredients. Therefore, the demand for natural ingredients is rising in the food & beverage industry. In addition, the use of various artificial flavorings in food and beverages is prohibited by several health organizations and food safety associations. Plant extracts are widely used as an antioxidant, antimicrobial agents, and shelf life-extending agents in the industry. Furthermore, the extracts are significantly used as flavoring agents in many food products. Moreover, changing people's preferences toward a healthy lifestyle, rising awareness related to the side effects of synthetic flavors, and growing R&D activities for natural extracts as ingredients are boosting the demand for plant extracts in the food & beverages industries. Thus, manufacturers are adopting strategic development initiatives to cater to the rising demand for plant extracts, which drives the market growth.
Middle East & Africa Plant Extracts Market Segmentation
The Middle East & Africa plant extracts market is segmented on the basis of form, source, application, and country.- Based on form, the market is segmented into liquid, powder, and paste. The liquid segment dominated the market in 2022.
- Based on source, the market is segmented into fruits and vegetables, herbs and spices, flowers, and others. The herbs and spices segment dominated the market in 2022.
- Based on application, the Middle East & Africa plant extracts market is segmented into food and beverages, pharmaceuticals and nutraceuticals, personal care, and others. The food and beverages segment dominated the market in 2022.
- Based on country, the Middle East & Africa plant extracts market is segmented into the South Africa, Saudi Arabia, the UAE, and the rest of Middle East & Africa. Further, the rest of Middle East & Africa dominated the market in 2022.
Table of Contents
1. Introduction
3. Research Methodology
4. MEA Plant Extracts Market Landscape
5. MEA Plant Extracts Market - Key Market Dynamics
6. Plant Extracts Market - MEA Analysis
7. MEA Plant Extracts Market Analysis - By Form
8. MEA Plant Extracts Market Analysis - By Source
9. MEA Plant Extracts Market Analysis - By Application
10. MEA Plant Extracts Market - Country Analysis
11. Industry Landscape
12. Company Profiles
13. Appendix
Companies Mentioned
- Dohler
- Givaudan S.A.
- Indesso
- Ingredion Inc.
- International Flavors & Fragrances, Inc.
- Kemin Industries, Inc.
- Kerry Group Plc
- Sensient Technologies Corporation
- Symrise
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 132 |
| Published | September 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 1554.44 Million |
| Forecasted Market Value ( USD | $ 2281.31 Million |
| Compound Annual Growth Rate | 6.6% |
| Regions Covered | Africa, Middle East |
| No. of Companies Mentioned | 9 |
