Market Size of Middle East and Africa Dairy Ingredients Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 4.70 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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MEA Dairy Ingredients Market Analysis
The Middle East and Africa dairy ingredients market is projected to grow at a CAGR of 5.7% during the forecast period (2020 - 2025).
- With the rising number of middle-income populations, consumers are getting more and more sophisticated and demanding higher-quality foods with dairy nutrition being one of the key cornerstones to the scenario.
- As a result, the dairy manufacturers in the country are constantly seeking advanced ingredients to incorporate during product formulation, eventually elevating the demand for market studied in the region. The ingredient manufacturers are thus coming up with ingredients with added nutrients such as vitamins and minerals to capture the demand raised by food companies.