
Middle East & Africa Fermented Flavor and Fragrance Ingredients Market
No. of Pages: 95 | Report Code: BMIRE00030766 | Category: Food and Beverages
No. of Pages: 95 | Report Code: BMIRE00030766 | Category: Food and Beverages
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; it is estimated to register a CAGR of 7.9% from 2022 to 2030.
Consumers are highly concerned about their diet owing to which they pay extra attention to product labels and additives used in processed products such as food, beverages, cosmetics, and personal care products. Consumers are increasingly seeking clean label (products free from synthetic additives and preservatives) and non-GMO (products made without genetic engineering and whose ingredients are not derived from GMOs) products. This shifting trend has made it challenging for manufacturers to satisfy the demand from their procurement point of view. The end product manufactured using the fermentation process is labeled as clean, and consumers increasingly prefer these products as they are free of synthetic ingredients. Furthermore, they focus on holistic and conscious consumption and prefer products made with ethically sourced additives.
Fermentation is regarded as a natural process by the Food and Drugs Administration (FDA), and fermented flavors are considered "natural flavor." For instance, Solvay is producing vanillin using naturally occurring yeast and claiming the products as "natural." Thus, the increasing demand for natural flavors among various end-use industries boosts the demand for fermented flavors and fragrances. Additionally, fermented flavors and fragrances are manufactured using genetically engineered microbes. For example, Evolva claimed their fermented vanillin is non-GMO as it is made of genetically engineered yeast. Thus, an upsurging demand for clean-label and non-GMO products is expected to remain a growing trend in the fermented flavor and fragrance ingredients market in the coming years.
High demand for authentic and natural flavorings and increased demand for natural and healthy food flavorings, coupled with an increase in the research and innovation by the manufacturers and expansion of the flavor and fragrance industry, are among the factors propelling the market growth in the Middle East & Africa. Growing consumer preference for natural flavors over artificial flavors due to associated health risks with artificial flavors boosts the demand for flavors and fragrances derived from biotechnological processes. Thus, the rising health consciousness among consumers and the demand for clean-label ingredients in the food & beverage, cosmetic, and personal care industries are expected to propel the market growth in the region.
Moreover, governments and regulatory authorities across many countries in the region are paying more attention to sustainability. In January 2021, the UAE introduced non-mandatory sustainability reporting requirements for manufacturing companies operating in the country. Similarly, in 2021, Saudi Arabia launched the Saudi Green Initiative & the Middle East Green Initiative. These long-term sustainable action plans aim to address climate change, reduce emissions, and increase the use of clean energy in the country. Thus, the growing sustainability concern and government support boost the demand for fermented flavors and fragrances.
Strategic insights for the Middle East & Africa Fermented Flavor and Fragrance Ingredients provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Middle East & Africa Fermented Flavor and Fragrance Ingredients refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.Middle East & Africa Fermented Flavor and Fragrance Ingredients Strategic Insights
Middle East & Africa Fermented Flavor and Fragrance Ingredients Report Scope
Report Attribute
Details
Market size in 2022
US$ 51.84 Million
Market Size by 2030
US$ 95.03 Million
Global CAGR (2022 - 2030)
7.9%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Type
By Application
Regions and Countries Covered
Middle East and Africa
Market leaders and key company profiles
Middle East & Africa Fermented Flavor and Fragrance Ingredients Regional Insights
The Middle East & Africa fermented flavor and fragrance ingredients market is categorized into type, application, and country.
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 the largest Middle East & Africa fermented flavor and fragrance ingredients market share in 2022.
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 the largest Middle East & Africa fermented flavor and fragrance ingredients market share in 2022.
By country, the Middle East & Africa fermented flavor and fragrance ingredients market is segmented into South Africa, the UAE, Saudi Arabia, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the Middle East & Africa fermented flavor and fragrance ingredients market share in 2022.
Firmenich International SA, BASF SE, Givaudan SA, Takasago International Corp, and Dohler GmbH are some of the leading companies operating in the Middle East & Africa fermented flavor and fragrance ingredients market.
The Middle East & Africa Fermented Flavor and Fragrance Ingredients Market is valued at US$ 51.84 Million in 2022, it is projected to reach US$ 95.03 Million by 2030.
As per our report Middle East & Africa Fermented Flavor and Fragrance Ingredients Market, the market size is valued at US$ 51.84 Million in 2022, projecting it to reach US$ 95.03 Million by 2030. This translates to a CAGR of approximately 7.9% during the forecast period.
The Middle East & Africa Fermented Flavor and Fragrance Ingredients Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Fermented Flavor and Fragrance Ingredients Market report:
The Middle East & Africa Fermented Flavor and Fragrance Ingredients Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Fermented Flavor and Fragrance Ingredients Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Fermented Flavor and Fragrance Ingredients Market value chain can benefit from the information contained in a comprehensive market report.