Market Trends of Middle East and Africa Specialty Food Ingredients Industry
Rising Demand For Functional and Fortified Food
- Fortified foods are known to possess health-promoting properties beyond just providing energy and essential nutrients. The growing demand for such foods is creating opportunities for manufacturers, leading to an increased demand for specialty functional ingredients such as vitamins, minerals, proteins, and omega-3, among others. Functional food ingredients are fortified to enhance their nutritional value.
- To meet the increasing demand for food additives and specialty food ingredients, manufacturers are also producing organic and fortified additives that can be useful in developing healthy food products. These organic food additives have found applications in various food products, including egg replacement in low- and high-fat vegan foods, dressings, white cooking sauces, ready meals, and more.
- As a result, food and beverage manufacturers are reformulating their products to cater to the changing consumer demand for natural ingredients. The functional food ingredients segment of the market is being driven by rapid technological advancements and companies' efforts to develop products with multifunctional applications.
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Saudi Arabia to Dominate The Regional Market
- The specialty food ingredients market in Saudi Arabia has emerged as a dominant player in the regional market. Most Saudi food manufacturers rely on imports to fulfill their food ingredients and raw materials needs. However, the country's attractive investment conditions, including the revised Saudi Foreign Investment Act (FIA), which allows foreign investors to wholly own food production facilities or partner with Saudi nationals or companies, have enticed some multinational corporations to establish production facilities in Saudi Arabia.
- As the Muslim population dominates the country, the demand for halal-certified specialty food ingredients is increasing in the food sector. This presents an opportunity for specialty food ingredient producers from Islamic countries and halal-certified suppliers to tap into the Saudi market.
- In recent years, the Saudi food manufacturing and processing sector has rapidly grown due to the strong support from the Saudi government, which has boosted investment in the food and beverage production sector and increased the number of food processing factories in Saudi Arabia. As a result, the rising food processing industry, coupled with attractive investment opportunities in the country, is driving the growth of the specialty food ingredients market in Saudi Arabia.
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