Market Size of Middle East & Africa Clean Label Ingredients Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 7.34 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
MEA Clean Label Ingredients Market Analysis
Middle East & Africa clean label ingredients market is expected to grow with a CAGR of 7.34% during the forecast period (2020 - 2025).
- The major factor driving the growth of the market is the increasing demand for convenience foods. Young consumers spend most of their income on convenient, ready-to-eat food products, which are evolving with the invasion of the healthy ingredients concept, thus, promoting clean label ingredients in return. Other factors affecting the market are increasing urbanization and western culture replication, which is the market of clean label ingredients in the region, as the awareness increases.
- In the present scenario, unmonitored diet patterns have resulted in increased health complexities in regional countries. Obesity and overweight rates are soaring, as fast food and sedentary lifestyles replace a life of manual labor fed by rice and vegetables, in turn, increasing the demand for clean label ingredients to ensure healthy eating.
- Vast opportunities for clean label food are hence, anticipated to exist in the region as brands are compelled to meet consumer demands for clean, simple, and safe products.