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Middle East and Africa Plant Extracts Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Form, Source, and Application

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    Report

  • 132 Pages
  • September 2022
  • Region: Africa, Middle East
  • The Insight Partners
  • ID: 5667481
UP TO OFF until Mar 31st 2024
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.

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.
A few of the key players dominating the Middle East & Africa plant extracts market are Dohler; Givaudan S.A.; Indesso; Ingredion Inc.; International Flavors & Fragrances, Inc.; Kemin Industries, Inc.; Kerry Group Plc; Sensient Technologies Corporation; and Symrise.
Frequently Asked Questions about the Middle Eastern and African Plant Extracts Market

What is the estimated value of the Middle Eastern and African Plant Extracts Market?

The Middle Eastern and African Plant Extracts Market was estimated to be valued at $1554.44 Million in 2022.

What is the growth rate of the Middle Eastern and African Plant Extracts Market?

The growth rate of the Middle Eastern and African Plant Extracts Market is 6.6%, with an estimated value of $2281.31 Million by 2028.

What is the forecasted size of the Middle Eastern and African Plant Extracts Market?

The Middle Eastern and African Plant Extracts Market is estimated to be worth $2281.31 Million by 2028.

Who are the key companies in the Middle Eastern and African Plant Extracts Market?

Key companies in the Middle Eastern and African Plant Extracts Market include Dohler, Givaudan S.A., Indesso, Ingredion Inc., International Flavors & Fragrances, Inc., Kemin Industries, Inc., Kerry Group Plc, Sensient Technologies Corporation and Symrise.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. MEA Plant Extracts 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 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. MEA Plant Extracts Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for Natural Ingredients in Food and Beverages
5.1.2 Rising Inclination toward Herbal Products
5.2 Market Restraints
5.2.1 Regulatory Issues
5.3 Market Opportunities
5.3.1 Strategic Development Initiatives by Manufacturers
5.4 Future Trends
5.4.1 Increasing Veganism Trend
5.5 Impact Analysis of Drivers and Restraints
6. Plant Extracts Market - MEA Analysis
6.1 Plant Extracts Market Overview
6.2 MEA Plant Extracts Market -Revenue and Forecast to 2028 (US$ Million)
7. MEA Plant Extracts Market Analysis - By Form
7.1 Overview
7.2 MEA Plant Extracts Market, By Form (2021 and 2028)
7.3 Liquid
7.3.1 Overview
7.3.2 Liquid: MEA Plant Extracts Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Powder
7.4.1 Overview
7.4.2 Powder: MEA Plant Extracts Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Paste
7.5.1 Overview
7.5.2 Paste: MEA Plant Extracts Market - Revenue and Forecast to 2028 (US$ Million)
8. MEA Plant Extracts Market Analysis - By Source
8.1 Overview
8.2 MEA Plant Extracts Market, By Source (2021 and 2028)
8.3 Fruits and Vegetables
8.3.1 Overview
8.3.2 Fruits and Vegetables: MEA Plant Extracts Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Herbs and Spices
8.4.1 Overview
8.4.2 Herbs and Spices: MEA Plant Extracts Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Flowers
8.5.1 Overview
8.5.2 Flowers: MEA Plant Extracts Market - Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: MEA Plant Extracts Market - Revenue and Forecast to 2028 (US$ Million)
9. MEA Plant Extracts Market Analysis - By Application
9.1 Overview
9.2 MEA Plant Extracts Market, By Application (2021 and 2028)
9.3 Food and Beverages
9.3.1 Overview
9.3.2 Food and Beverages: MEA Plant Extracts Market- Revenue and Forecast to 2028 (US$ Million)
9.4 Pharmaceuticals and Nutraceuticals
9.4.1 Overview
9.4.2 Pharmaceuticals and Nutraceuticals: MEA Plant Extracts Market- Revenue and Forecast to 2028 (US$ Million)
9.5 Personal Care
9.5.1 Overview
9.5.2 Personal Care: MEA Plant Extracts Market- Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: MEA Plant Extracts Market- Revenue and Forecast to 2028 (US$ Million)
10. MEA Plant Extracts Market - Country Analysis
10.1 Overview
10.1.1 MEA: Plant Extracts Market, by Key Country
10.1.1.1 South Africa: Plant Extracts Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 South Africa: Plant Extracts Market, by Form
10.1.1.1.2 South Africa: Plant Extracts Market, by Source
10.1.1.1.3 South Africa: Plant Extracts Market, by Application
10.1.1.2 Saudi Arabia: Plant Extracts Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Saudi Arabia: Plant Extracts Market, by Form
10.1.1.2.2 Saudi Arabia: Plant Extracts Market, by Source
10.1.1.2.3 Saudi Arabia: Plant Extracts Market, by Application
10.1.1.3 UAE: Plant Extracts Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 UAE: Plant Extracts Market, by Form
10.1.1.3.2 UAE: Plant Extracts Market, by Source
10.1.1.3.3 UAE: Plant Extracts Market, by Application
10.1.1.4 Rest of MEA: Plant Extracts Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Rest of MEA: Plant Extracts Market, by Form
10.1.1.4.2 Rest of MEA: Plant Extracts Market, by Source
10.1.1.4.3 Rest of MEA: Plant Extracts Market, by Application
11. Industry Landscape
11.1 Overview
11.2 Product launch
11.3 Merger & Acquisition
11.4 Expansion
11.5 Partnership
11.6 Company News
12. Company Profiles
12.1 Sensient Technologies Corporation
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 Givaudan S.A.
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 Symrise
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 Dohler
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 Indesso
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 International Flavors and Fragrances Inc.
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 Kerry Group Plc
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 Ingredion Inc.
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
12.9 Kemin Industries, Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Word Index

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Dohler
  • Givaudan S.A.
  • Indesso
  • Ingredion Inc.
  • International Flavors & Fragrances, Inc.
  • Kemin Industries, Inc.
  • Kerry Group Plc
  • Sensient Technologies Corporation
  • Symrise