Middle East and Africa Vanilla Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Form (Paste, Liquid, Powder, and Beans), Category (Organic and Conventional), and Application (Food and Beverages, Personal Care, Pharmaceuticals, and Others)
The vanilla market in Middle East & Africa is expected to grow from US$ 19.37 million in 2021 to US$ 27.39 million by 2028; it is estimated to grow at a CAGR of 5.1% from 2021 to 2028.
Consumer preferences are highly influenced by descriptions on menus and labels on food packaging. Clean-label products are increasingly becoming popular as consumers prefer 100% natural products with no synthetic ingredients, such as preservatives, artificial colors, and flavors. People prefer plant-based food products due to their sustainability and environment-friendly nature and are becoming more conscious of what they eat. Furthermore, people have become more aware and compassionate toward animals due to the rising trend of veganism and dramatic demand for vegan brands. Vanilla is a spice used as a flavoring agent in various food products, such as cookies, pastries, cakes, ice creams, and desserts. As vanilla is a natural, plant-based flavoring ingredient, it is highly preferred by the manufacturers of plant-based and clean-label food products. The rising trend of clean-label food and veganism is significantly impacting the demand for natural vanilla.
In the Middle East & Africa, South Africa and Israel were among the major countries with many COVID-19 confirmed cases and deaths. According to the International Finance Corporation, the COVID-19 pandemic had a severe impact on the economy of the Middle East & Africa, which led to a decline in oil production, tourism, and remittances. The Middle East & Africa region comprise many growing economies, which are prospective markets for vanilla vendors. The COVID-19 pandemic significantly slowed down the growth of the vanilla market in the region due to the negative impact on the growth of industries such as food & beverage and cosmetics.
With the new features and technologies, vendors attract new customers and expand their footprints in emerging markets, thereby driving the Middle East & Africa vanilla market. The Middle East & Africa vanilla market is expected to grow at a significant CAGR during the forecast period.
Middle East & Africa Vanilla Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Vanilla Market Segmentation
Middle East & Africa Vanilla Market - By orm
Paste Liquid Powder Beans Middle East & Africa Vanilla Market - By Category
Organic Conventional Middle East & Africa Vanilla Market - By Application
Food and Beverages Personal Care Pharmaceuticals Others Middle East & Africa Vanilla Market - By Country
South Africa Saudi Arabia UAE Rest of MEAMiddle East & Africa Vanilla Market - Companies Mentioned
Camlin Fine Sciences Ltd. Givaudan S.A. Nielsen-Massey Vanillas, Inc. Symrise Kerry Group Touton S.A. Madagascar Vanilla Company
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