The Middle East and Africa (MEA) organic wheat derivatives market, by country, has been sub-segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. Middle East countries such as Kuwait, Saudi Arabia, and the UAE have experienced a shift in the socio-economic condition, food eating habits, lifestyle and economic status, and health patterns in the past four decades. These countries are known for their secure financial status. This shift has occurred due to the increase in income owing to swelled oil revenues. The market in the Middle East and Africa is also experiencing rapid development with the growth of markets such as Iraq, Yemen, and Iran. Organic wheat derivatives are estimated to have a growing opportunity in the Middle East and Africa region due to their rising demands from various end-use industries like food and beverages, pharmaceuticals and nutraceuticals, animal feed, personal care, and others. The extending urban population and their need for quick & healthier options for meals enhance the demand for organic wheat derivatives. The market in the Middle East and Africa is also propelling owing to the rapid adoption of western culture, which in turn is attracting the companies and investors to expand their market base in the Middle East and African region. Consumption of confectioneries and baked food items in the form of packaged products has increased in Africa, which has led to the rise in demand for organic wheat derivatives in Middle East & Africa. With the demand for healthier snacking options, sweet baked goods remain a popular and preferred item in the region. Organic wheat derivatives are used in the making of such sweet baked goods, which is yet another factor propelling the demand for organic wheat derivatives in this region. The modern lifestyle has changed the buying behavior and shopping style of consumers. The consumers agree to pay higher prices for nutritional and premium products, such as biscuits, pastry, cookies that are made using organic wheat derivatives. Therefore, rising purchasing power among the consumers is projected to boost the organic wheat derivatives market in the MEA region. Also, organic wheat derivatives manufacturers in the MEA region are targeting various groups of consumers and launching products specific to their needs
South Africa has the highest COVID-19 cases in the Middle East and Africa region, and is followed by UAE and Saudi Africa among others. UAE was the first country in the Middle East and Africa to report a confirmed case of coronavirus. The ongoing pandemic has drastically altered the status of the organic wheat derivatives industry and has negatively impacted the growth of the market. The COVID-19 outbreak has distorted operational efficiency and disrupted the value chains due to the sudden closure of national and international boundaries, creating revenue loss and damage. The disruptive value chain has had a negative impact on raw material supply, which, in turn, is impacting the growth of the organic wheat derivatives market. However, as the economies are planning to revive their operations, the demand for organic wheat derivatives is expected to rise worldwide.
Strategic insights for the Middle East and Africa Organic Wheat Derivatives 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.
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 10,521.82 thousand |
Market Size by 2028 | US$ 14,496.01 thousand |
Global CAGR (2021 - 2028) | 4.7% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Type
|
Regions and Countries Covered | Middle East and Africa
|
Market leaders and key company profiles |
The geographic scope of the Middle East and Africa Organic Wheat Derivatives 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.
The organic wheat derivatives market in Asia Pacific is expected to grow US$ 14,496.01 thousand by 2028 from US$ 10,521.82 thousand in 2021. The market is estimated to grow at a CAGR of 4.7% from 2021 to 2028. A significant transformation has been witnessed with change in consumer perception and rise in health concerns globally. Growing awareness about the side-effects associated with animal-based food products and rising adoption of veganism are two important factors escalating the demand for plant-based products among consumers. This has positively impacted the demand for organic wheat derivatives in developed and developing economies. Nowadays, manufacturers are focusing on prevailing market trends and end use requirements to offer products as per their demands. As the consumers have directed their focus toward plant-based products, the demand for organic wheat derivatives is expected to rise and provide strong growth opportunities to manufacturers operating in the same line of business. This includes organic wheat derivatives in the form of organic wheat starch, organic wheat gluten, organic wheat bran, and maltodextrin, among others, which are extensively in demand across the world. Hence, several companies have come up with organic wheat derivatives, which could be effectively used in diverse application bases. For instance, Cargill Incorporated is involved in producing and offering organic vital wheat gluten under its brand, GluVital. To gain competitive edge and establish strong position in the market, manufacturers of organic wheat derivatives are adopting various strategies such as product development, expansion, and innovation to compete in the market and fulfill the demand of consumers. Hence, the increase in demand for plant-based products, along with new product developments, is strongly complementing the growth of organic wheat derivatives market.
Asia Pacific organic wheat derivatives market is segmented based on type and application. The Asia Pacific organic wheat derivatives market based on type is segmented into starch, gluten, maltodextrin, and others. Starch segment accounted for the highest share in the market in 2020 and maltodextrin in is expected to be fastest growing during forecast period. Based on application, is segmented into food and beverages, pharmaceuticals and nutraceuticals, animal feed, personal care, and others. The food and beverages segment accounted for the highest share in 2020 and animal feed is expected to be the fastest growing during forecast period.
A few major primary and secondary sources referred to for preparing this report on organic wheat derivatives market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Cargill, Incorporated; ETEA S.R.L.; The Archer Daniels Midland Company; AGRANA Beteiligungs-AG; Manildra Group; Ulrick & Short Limited; Tate & Lyle PLCamong others.
The Middle East and Africa Organic Wheat Derivatives Market is valued at US$ 10,521.82 thousand in 2021, it is projected to reach US$ 14,496.01 thousand by 2028.
As per our report Middle East and Africa Organic Wheat Derivatives Market, the market size is valued at US$ 10,521.82 thousand in 2021, projecting it to reach US$ 14,496.01 thousand by 2028. This translates to a CAGR of approximately 4.7% during the forecast period.
The Middle East and Africa Organic Wheat Derivatives 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 and Africa Organic Wheat Derivatives Market report:
The Middle East and Africa Organic Wheat Derivatives Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Organic Wheat Derivatives Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Organic Wheat Derivatives Market value chain can benefit from the information contained in a comprehensive market report.