Middle East Bio-chemicals Market Growth Accelerated by Growing Application in Food & Beverages Industry

 

The Middle East bio-chemicals market consists of biochemicals that are manufactured by living organisms through metabolic pathways and have applications across various end-use industries like food and beverages, personal care, pharmaceuticals, and agriculture. Bio-chemicals are natural, ecofriendly alternatives to chemical-based products and finding wide acceptance. They are used in food processing as preservatives, emulsifiers, stabilizers, and antioxidants to enhance quality, durability and suppress microbial growth of packaged food items. The growing food processing industry in the Middle East region and increasing health-conscious population is spurring the demand for naturally sourced preservatives and food additives. The global Middle East Bio-chemicals Market is estimated to be valued at US$ 1,998.5 KT in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The growth of the bio-chemicals market in the Middle East region is majorly driven by increasing applications of bio-chemicals in the food & beverages industry. The food industry is undergoing a transition from synthetic or artificial additives to natural and organic ingredients owing to changing consumer preferences. Bio-preservatives derived from food-grade organisms are finding numerous applications as natural emulsifiers, texture modifiers, and shelf-life enhancers in packaged food products. They help improve qualities like taste, texture and extend shelf life without compromising the natural state of food items. The trend is encouraging food manufacturers in the Middle East to increasingly use green ingredients in processed food manufacturing. This is expected to propel the demand for bio-chemical products in the region over the forecast period.

Segment Analysis

The Middle East bio-chemicals market is dominated by the industrial biotechnology segment. This segment accounts for over 60% share of the overall market. It is dominating owing to high demand for natural and sustainable chemicals from various industries like food & beverages, personal care, biofuel etc. in the region. The personal care segment is expected to witness fastest growth during the forecast period owing to rising consumer awareness regarding natural ingredients.

Key Takeaways

The global Middle East bio-chemicals market is expected to witness high growth.

Regional analysis: The GCC (Gulf Cooperation Council) region currently dominates the Middle East bio-chemicals market with over 50% share. Countries like Saudi Arabia and UAE are expected to drive the growth in this region owing to increasing domestic demand and supportive government policies for bio-refineries.

Key players related content comprises: Key players operating in the Middle East bio-chemicals market are BASF SE, Clariant A.G., Evonik Industries A.G., Total S.A., Cargill Inc. Total S.A. is a prominent player in Middle East with its production facilities located in Saudi Arabia and UAE.

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