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 tre...