Report : Middle East & Africa Fermented Flavor and Fragrance Ingredients Market Forecast to 2030 - Regional Analysis - by Type (Fruity, Floral, Woody, Blends, and Others) and Application (Food and Beverages, Personal Care Products, Cosmetics, and Others)
At 7.9% CAGR, Middle East & Africa Fermented Flavor and Fragrance Ingredients Market is Projected to be Worth US$ 95.03 Million by 2030, says Business Market Insights
According to Business Market Insights' research, the Middle East & Africa fermented flavor and fragrance ingredients market was valued at US$ 51.84 million in 2022 and is expected to reach US$ 95.03 million by 2030, registering a CAGR of 7.9% from 2022 to 2030. Strategic development initiatives by key market players and rising sustainability concerns are among the critical factors attributed to drive the Middle East & Africa fermented flavor and fragrance ingredients market growth.
Over the past few years, climate change has affected the earth's natural ecosystems and posed a significant threat to the well-being of people. Thus, consumers are becoming conscious of the environmental impact associated with the products they use and assert a preference for sustainable ones. They are willing to pay extra for products and services from companies committed to sustainability principles, such as a positive environmental and social impact. Thus, the industry's practices are evolving to meet the health-consciousness of consumers and demands for sustainability and environmental benefits.
Flavors and fragrances made via synthetic extraction processes consist of chemicals and other fossil fuels, which can harm the environment and human health. The flavors and fragrances made using fossil fuels increase carbon (CO2) emissions and greenhouse gas emissions. For instance, synthetic vanilla flavor called vanillin is significantly more used flavor than natural vanilla flavors owing to its affordability and availability. But vanillin is synthetically manufactured from fossil fuel and wood pulp. Moreover, the yield of natural vanilla flavor extracted from vanilla pods is extremely low. It takes 500 Kg of vanilla pods to obtain 1 Kg of flavor. Thus, both the traditionally used natural process and synthetic process of flavors and fragrances are not sustainable. Similarly, the production of raspberry aroma by farming would require more than 100 metric ton of raspberries, which translates to ~40 football fields of cultivated acreage-a highly unsustainable use of land. Thus, the production of synthetic ingredients as well as traditionally produced natural ingredients can harm the environment.
Fermentation is an alternative technology developed to produce flavors and fragrances through sustainable methods and is also considered "natural." Thus, the flavors and fragrances produced by fermentation do not harm the environment and are labeled as natural and sustainable ingredients. Thus, rising sustainability concerns among end-use industries such as food & beverages, perfumeries, cosmetics, and personal care boost the demand for fermented flavors and fragrances across the globe, thereby favoring the market growth.
On the contrary, high product costs hurdle the growth of Middle East & Africa fermented flavor and fragrance ingredients market.
Based on type, the Middle East & Africa fermented flavor and fragrance ingredients market is divided into fruity, floral, woody, blends, and others. The fruity segment held 41.0% Middle East & Africa fermented flavor and fragrance ingredients market share in 2022, amassing US$ 21.24 million. It is projected to garner US$ 38.25 million by 2030 to register 7.6% CAGR during 2022-2030.
In terms of application, the Middle East & Africa fermented flavor and fragrance ingredients market is categorized into food and beverages, personal care products, cosmetics, and others. The others segment held 45.9% share of Middle East & Africa fermented flavor and fragrance ingredients market in 2022, amassing US$ 23.77 million. It is projected to garner US$ 41.78 million by 2030 to expand at 7.3% CAGR from 2022 to 2030.
Based on country, the Middle East & Africa fermented flavor and fragrance ingredients market is categorized into South Africa, the UAE, Saudi Arabia, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 55.6% share of Middle East & Africa fermented flavor and fragrance ingredients market in 2022. It was assessed at US$ 28.84 million in 2022 and is likely to hit US$ 51.08 million by 2030, registering a CAGR of 7.4% during 2022-2030.
Key players operating in the Middle East & Africa fermented flavor and fragrance ingredients market are Firmenich International SA, BASF SE, Givaudan SA, Takasago International Corp, and Dohler GmbH, among others.
- In December 2023, Takasago International Corp launched Clean Beauty Collective's new Clean Reserve H2EAU in collaboration with Sephora. This product aims to serve people with sensitive skin, and the product is ethyl alcohol-free.
- In February 2023, Givaudan SA partnered with biotech company Amyris to acquire primary cosmetic ingredients, including high-performance emollient Neossance Squalane, plant-based silicone alternative Neossance Hemisqualane, and sustainable sun protector CleanScreen. The long-term partnership agreement will allow Amyris to continue manufacturing cosmetic ingredients for Givaudan and provide access to its innovation capabilities. Givaudan will become the commercialization partner for future sustainable beauty ingredients. Amyris' ingredients are used in over 20,000 products from top brands, reaching over 300 million consumers. The deal includes an upfront cash consideration and performance-based earnout.
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