Middle East and Africa Plant Extracts Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Form (Liquid, Powder, and Paste), Source (Fruits and Vegetables, Herbs and Spices, Flowers, and Others), and Application (Food and Beverages, Pharmaceuticals and Nutraceuticals, Personal Care, and Others)
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 Revenue and Forecast to 2028 (US$ Million)
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.
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- 1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners 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 Insight Partners
- 13.2 Word Index
- LIST OF TABLES
- Table 1. MEA Plant Extracts Market –Revenue and Forecast to 2028 (US$ Million)
- Table 2. South Africa Plant Extracts Market, by Form – Revenue and Forecast to 2028 (US$ Million)
- Table 3. South Africa Plant Extracts Market, by Source – Revenue and Forecast to 2028 (US$ Million)
- Table 4. South Africa Plant Extracts Market, by Application – Revenue and Forecast to 2028 (US$ Million)
- Table 5. Saudi Arabia Plant Extracts Market, by Form – Revenue and Forecast to 2028 (US$ Million)
- Table 6. Saudi Arabia Plant Extracts Market, by Source – Revenue and Forecast to 2028 (US$ Million)
- Table 7. Saudi Arabia Plant Extracts Market, by Application – Revenue and Forecast to 2028 (US$ Million)
- Table 8. UAE Plant Extracts Market, by Form – Revenue and Forecast to 2028 (US$ Million)
- Table 9. UAE Plant Extracts Market, by Source – Revenue and Forecast to 2028 (US$ Million)
- Table 10. UAE Plant Extracts Market, by Application – Revenue and Forecast to 2028 (US$ Million)
- Table 11. Rest of MEA Plant Extracts Market, by Form – Revenue and Forecast to 2028 (US$ Million)
- Table 12. Rest of MEA Plant Extracts Market, by Source – Revenue and Forecast to 2028 (US$ Million)
- Table 13. Rest of MEA Plant Extracts Market, by Application – Revenue and Forecast to 2028 (US$ Million)
- Table 14. List of Abbreviation
- LIST OF FIGURES
- Figure 1. MEA Plant Extracts Market Segmentation
- Figure 2. MEA Plant Extracts Market Segmentation – By Country
- Figure 3. MEA Plant Extracts Market Overview
- Figure 4. MEA Plant Extracts Market: By Form
- Figure 5. MEA Plant Extracts Market: By Country
- Figure 6. Porter's Five Forces Analysis
- Figure 7. Expert Opinion
- Figure 8. Ecosystem: MEA Plant Extracts Market
- Figure 9. Sign Ups for Veganuary Campaign During 2015–2021
- Figure 10. MEA Plant Extracts Market Impact Analysis of Drivers and Restraints
- Figure 11. MEA Plant Extracts Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 12. MEA Plant Extracts Market Revenue Share, By Form (2021 and 2028)
- Figure 13. Liquid: MEA Plant Extracts Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 14. Powder: MEA Plant Extracts Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 15. Paste: MEA Plant Extracts Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 16. MEA Plant Extracts Market Revenue Share, By Source (2021 and 2028)
- Figure 17. Fruits and Vegetables: MEA Plant Extracts Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 18. Herbs and Spices: MEA Plant Extracts Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 19. Flowers: MEA Plant Extracts Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 20. Others: MEA Plant Extracts Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 21. MEA Plant Extracts Market Revenue Share, By Application (2021 and 2028)
- Figure 22. Food and Beverages: MEA Plant Extracts Market– Revenue and Forecast to 2028 (US$ Million)
- Figure 23. Pharmaceuticals and Nutraceuticals: MEA Plant Extracts Market– Revenue and Forecast to 2028 (US$ Million)
- Figure 24. Personal Care: MEA Plant Extracts Market– Revenue and Forecast to 2028 (US$ Million)
- Figure 25. Others: MEA Plant Extracts Market– Revenue and Forecast to 2028 (US$ Million)
- Figure 26. MEA: Plant Extracts Market, by key Country– Revenue (2021) (US$ Million)
- Figure 27. MEA: Plant Extracts Market Revenue Share, by Key Country (2021 and 2028)
- Figure 28. South Africa: Plant Extracts Market –Revenue and Forecast to 2028 (US$ Million)
- Figure 29. Saudi Arabia: Plant Extracts Market –Revenue and Forecast to 2028 (US$ Million)
- Figure 30. UAE: Plant Extracts Market –Revenue and Forecast to 2028 (US$ Million)
- Figure 31. Rest of MEA: Plant Extracts Market –Revenue and Forecast to 2028 (US$ Million)
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