Middle East and Africa Specialty Food Ingredients Market Size

MEA Specialty Food Ingredient Market Analysis

The Middle East & Africa specialty food ingredients market is expected to register a CAGR of 2.5% during the forecast period.

• Specialty food ingredients find their application in various food processing sectors like canned, dehydrated, frozen, and refrigerated foods, pasta, cereals, ice cream, sauces and dressings, snacks, and packaged foods such as meat, fish, bread products, dairy, and confectionery. To cater to the growing demand for healthy food and beverages, manufacturers are incorporating fortified and functional properties in their products to position them as healthier options for consumers.
• Global and regional players in the market are adopting new product development strategies to sustain high competition. However, product innovation in terms of functionality has been a driving factor for market growth. Health-related issues have been prevalent, and manufacturers are incorporating ingredients across foods that can prevent future health burdens. This factor has led to the incorporation of clean labeling, allowing consumers to make selective purchases, thus contributing to market growth.
• Changes in consumption habits have resulted in a trickle-down effect, where emerging countries are emulating developed regions. Such popularity has led to heavy investment by manufacturers in developing countries in the region as part of strategic ventures. Multinational health food enterprises have the advantage of financial clout, R&D capability, production, and marketing, making emerging economies a favorable destination for investment.