The Middle East and Africa Clean Label Ingredients market which is estimated to reach USD 2.97 billion by 2023 from a market value of USD 2.2 billion in 2018 is expected to register a CAGR of 6.19%. The Clean Label Ingredients market is showcasing significant potential over the mentioned forecast period.
DRIVERS AND RESTRAINTS:
The rise of awareness among the general public regarding health issues related to artificial food additives and food safety incidents has led to the sudden growth of clean label ingredients market globally. Whereas the limitations of clean label ingredients compared to artificial ones, the high cost of ingredients and low consumption rates are the factors that are restraining the market.
REPORT SEGMENTED AS:
- Natural Colors
- Natural Flavors
- Fruit and vegetable ingredients
- Starch & Sweeteners
- Processed Foods
- Frozen Products
By geography, the market is segmented into as the Middle East & Africa and various others. And the MEA region is expected to witness a decent growth in the forecasted period.
KEY MARKET PLAYERS:
- Koninklijke DSM N.V.
- Archer Daniels Midland Company
- I. Dupont De Nemours Company
- Ingredion Incorporated
- Tate & Lyle PLC
- Kerry Group PLC
- Sensient Technologies Corporation
- Hansen A/S
- Corbion N.V.
THE SCOPE OF THE REPORT:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis of prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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