The Middle East & Africa aroma ingredients for food and beverages market was valued at US$ 60.65 million in 2022 and is expected to reach US$ 84.50 million by 2030; it is estimated to register a CAGR of 4.2% from 2022 to 2030.
Further, the preference for natural aroma ingredients extends beyond health considerations to encompass sensory experience and flavor authenticity. Natural aroma ingredients possess complex and nuanced flavor profiles that synthetic ingredients cannot replicate, providing a more authentic and satisfying culinary experience. The prominent players in the market are investing in developing natural aroma ingredients.
Thus, the increasing demand for natural aroma ingredients in the food & beverages industry is expected to be a notable trend within the aroma ingredients market in the coming years.
With surging global food trends and flavors, consumers in the Middle East & Africa are willingly trying new culinary choices to seek out new and exotic taste experiences. Aroma ingredients sourced from around the world allow manufacturers to cater to this demand for diverse and innovative sensory experiences. As consumer palates continue to evolve, the demand for aroma ingredients is expected to increase further, fueling innovation and expansion in the food & beverage industry across the Middle East & Africa.
Rising Trend for Natural Aromas Bolsters Middle East & Africa Aroma Ingredients for Food and Beverages Market
Consumers are becoming more conscious of the ingredients in their food and beverages, seeking products made with natural and authentic components. Natural aroma ingredients derived from sources such as fruits, herbs, spices, herbs, and botanicals resonate with growing consumer preferences for clean-label products. Key players in the market are developing natural aroma ingredients to cater to the growing consumer demand. For instance, in June 2021, Firmenich announced the launch of the Firgood collection, a new range of pure, 100% natural extracts obtained by a revolutionary, sustainable proprietary extraction technology. The launch was aimed to cater to the growing demand for natural ingredients.Further, the preference for natural aroma ingredients extends beyond health considerations to encompass sensory experience and flavor authenticity. Natural aroma ingredients possess complex and nuanced flavor profiles that synthetic ingredients cannot replicate, providing a more authentic and satisfying culinary experience. The prominent players in the market are investing in developing natural aroma ingredients.
Thus, the increasing demand for natural aroma ingredients in the food & beverages industry is expected to be a notable trend within the aroma ingredients market in the coming years.
Middle East & Africa Aroma Ingredients for Food and Beverages Market Overview
The major factors driving the growth of the Middle East & Africa aroma ingredients for the food and beverages market are the growing adoption of convenience food products. There is a greater emphasis on ready-to-eat meals, snacks, and indulgent treats. Aroma ingredients play a vital role in enhancing the sensory appeal of these products, making them more enticing to consumers seeking convenient yet flavorful options. Consequently, there's a growing market for aroma ingredients in the Middle East & Africa as manufacturers strive to meet the demand for premium, indulgent food and beverage offerings.With surging global food trends and flavors, consumers in the Middle East & Africa are willingly trying new culinary choices to seek out new and exotic taste experiences. Aroma ingredients sourced from around the world allow manufacturers to cater to this demand for diverse and innovative sensory experiences. As consumer palates continue to evolve, the demand for aroma ingredients is expected to increase further, fueling innovation and expansion in the food & beverage industry across the Middle East & Africa.
Middle East & Africa Aroma Ingredients for Food and Beverages Market Segmentation
- The Middle East & Africa aroma ingredients for food and beverages market is categorized into type, application, and country.
- Based on type, the Middle East & Africa aroma ingredients for food and beverages market is bifurcated into synthetic and natural. The synthetic segment held a larger market share in 2022. Furthermore, the synthetic segment is further sub segmented into terpenes, aldehydes, aliphatic, and others. Additionally, the natural segment is further sub segmented into essential oils, herbal extracts, oleoresins, and others.
- In terms of application, the Middle East & Africa aroma ingredients for food and beverages market is categorized into bakery and confectionery, dairy and frozen desserts, beverages, sweet and savory snacks, RTE and RTC meals, and others. The bakery and confectionery segment held the largest market share in 2022.
- By country, the Middle East & Africa aroma ingredients for food and beverages market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the Middle East & Africa aroma ingredients for food and beverages market share in 2022.
- International Flavors & Fragrances Inc, Sensient Technologies Corp, BASF SE, V MANE FILS SAS, Symrise AG, Firmenich International SA, Archer-Daniels-Midland Co, and Kerry Group Plc are some of the leading companies operating in the Middle East & Africa aroma ingredients for food and beverages market.
Market Highlights
- Based on type, the Middle East & Africa aroma ingredients for food and beverages market is bifurcated into synthetic and natural. The synthetic segment held 58.2% market share in 2022, amassing US$ 35.30 million. It is projected to garner US$ 46.34 million by 2030 to register 3.5% CAGR during 2022-2030. Furthermore, the synthetic segment is further sub segmented into terpenes, aldehydes, aliphatic, and others. Additionally, the natural segment is further sub segmented into essential oils, herbal extracts, oleoresins, and others.
- The bakery and confectionery segment held 34.8% share of Middle East & Africa aroma ingredients for food and beverages market in 2022, amassing US$ 21.11 million. It is projected to garner US$ 27.92 million by 2030 to expand at 3.6% CAGR from 2022 to 2030.
- This analysis states that the Rest of Middle East & Africa captured 42.1% share of Middle East & Africa aroma ingredients for food and beverages market in 2022. It was assessed at US$ 25.56 million in 2022 and is likely to hit US$ 31.80 million by 2030, registering a CAGR of 2.8% during 2022-2030.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa aroma ingredients for food and beverages market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa aroma ingredients for food and beverages market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the Middle East & Africa aroma ingredients for food and beverages market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. Middle East & Africa Aroma Ingredients for Food and Beverages Market Landscape
5. Middle East & Africa Aroma Ingredients for Food and Beverages Market - Key Market Dynamics
6. Aroma Ingredients for Food and Beverages Market - Middle East & Africa Market Analysis
7. Middle East & Africa Aroma Ingredients for Food and Beverages Market Analysis - by Type
8. Middle East & Africa Aroma Ingredients for Food and Beverages Market Analysis - by Application
9. Middle East & Africa Aroma Ingredients for Food and Beverages Market - Country Analysis
10. Competitive Landscape
11. Industry Landscape
12. Company Profiles
13. Appendix
List of Tables
List of Figures
Companies Mentioned
Some of the leading companies in the Middle East and Africa Aroma Ingredients for Food and Beverages market include:- International Flavors & Fragrances Inc.
- Sensient Technologies Corp.
- BASF SE.
- V MANE FILS SAS.
- Symrise AG.
- Firmenich International SA.
- Archer-Daniels-Midland Co.
- Kerry Group Plc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 119 |
| Published | August 2024 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 60.65 Million |
| Forecasted Market Value ( USD | $ 84.5 Million |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Africa, Middle East |
| No. of Companies Mentioned | 8 |
