Middle East & Africa Vanilla Extract Market Forecast to 2030

Middle East & Africa Vanilla Extract Market Forecast to 2030

Middle East & Africa Vanilla Extract Market Forecast to 2030 – Regional Analysis – by Form (Powder and Liquid), Category (Organic and Conventional), and Application (Food & Beverages [Bakery & Confectionery, Dairy & Frozen Desserts, Beverages, Sweet & Savory Snacks, and Others], Personal Care, and Others)

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Description

The Middle East & Africa vanilla extract market was valued at US$ 15.98 million in 2022 and is expected to reach US$ 23.72 million by 2030; it is estimated to record a CAGR of 5.1% from 2022 to 2030.

High Demand for Organic Vanilla Products Drives Middle East & Africa Vanilla Extract Market

Organic products are cultivated naturally with manure or compost without chemical fertilizers and pesticides. As children are more vulnerable to illnesses caused by pesticide residues in food than adults, parents choose to feed them organic foods. Organic foods are free of growth hormones, genetically modified ingredients (GMI), and antibiotic residues. Thus, the popularity of organic foods has increased among health-conscious consumers owing to the rising awareness of benefits of organic foods. The rising inclination toward organic foods propels demand for organic vanilla extract. Organic vanilla farming comprises eco-friendly agricultural practices that result in higher crop yields. Many organic vanilla farming communities across Madagascar, Tonga, and other vanilla-producing economies follow organic farming practices to produce value-added vanilla products. Organic vanilla farming is challenging due to the stringent farming practices required. However, due to the upsurging demand for organic vanilla, communities across Tonga, Madagascar, and other vanilla-producing economies are undergoing extensive training programs to learn the required agricultural skills. Furthermore, manufacturers of various food products such as ice creams, desserts, cakes, and pastries are increasingly employing organic vanilla to ensure offering of sustainable products free of added sugars, genetically modified organisms (GMOs), or any other questionable ingredients. Organic products offer a significant competitive advantage to vanilla extract manufacturers, enhancing their brand awareness and profitability. Thus, the rising demand for organic vanilla products is expected to create a new trend in the vanilla extract market during the forecast period.

Middle East & Africa Vanilla Extract Market Overview

The Rest of Middle East & Africa vanilla extract market is segmented into Iran, Bahrain, Qatar, Turkey, Israel, and Zambia, among others. Growing demand for beverages, bakery, and confectionery products is further expected to drive the demand for vanilla extract, which is increasingly used to enhance the flavor and aroma of the end product. Further, consumers in the region are more concerned about using synthetic extracts and ingredients. Thus, they prefer organic and natural products, further driving market growth.

Middle East & Africa Vanilla Extract Market Revenue and Forecast to 2030 (US$ Million)

Middle East & Africa Vanilla Extract Market Segmentation

The Middle East & Africa vanilla extract market is segmented based on form, category, application, and country. Based on form, the Middle East & Africa vanilla extract market is bifurcated into powder and liquid. The liquid segment held a larger market share in 2022.

In terms of category, the Middle East & Africa vanilla extract market is bifurcated into organic and conventional. The conventional segment held a larger market share in 2022.

By application, the Middle East & Africa vanilla extract market is categorized into food & beverages, personal care, and others. The food & beverages segment held the largest market share in 2022. Further, food & beverages segment is categorized into bakery & confectionery, dairy & frozen desserts, beverages, sweet & savory snacks, and others.

Based on country, the Middle East & Africa vanilla extract market is segmented into South Africa, the UAE, Saudi Arabia, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the Middle East & Africa vanilla extract market share in 2022.

Prova SAS, Natural Vanilla Pty Ltd, Kerry Group Plc, and Archer-Daniels-Midland Co are some of the leading players operating in the Middle East & Africa vanilla extract market.

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At 5.1% CAGR, Middle East & Africa Vanilla Extract Market is Speculated to be Worth US$ 23.72 Million by 2030, says the Research Team

According to the Research Team’ research, the Middle East & Africa vanilla extract market was valued at US$ 15.98 million in 2022 and is expected to reach US$ 23.72 million by 2030, registering a CAGR of 5.1% from 2022 to 2030. Wide range of applications of vanilla extract in food & beverage industries and rising adoption of vanilla extract in personal care are among the critical factors attributed to the Middle East & Africa vanilla extract market expansion.

Vanilla has a unique flavor and aroma, making it a famous flavoring agent across the food & beverage industry. Vanilla extract has been increasingly used as a flavoring agent in cakes, muffins, pastries, doughnuts, and other bakery products for many years. Over the past few years, vanilla extract has been used in latte, hot chocolates, thick shakes, cocktails, cold drinks, and other beverages. Vanilla extract in powder form is frequently used in spice mixes, dry baking premixes, and other dry ingredients. Vanilla extract is also used in frozen desserts, ice creams, smoothies, frostings, whipped cream, and other products. Vanilla-flavored ice creams are one of the majorly consumed frozen desserts across the world. The increasing disposable income and rising living standard of people propel the demand for premium range of vanilla ice creams. Moreover, vanilla is increasingly used in baby food formulation and infant nutrition formulas. The research studies show that vanilla has a calming effect. Thus, it can lessen the crying of babies. The consumption of convenience, ready-to-eat products such as snacks is increasing. Ready-to-eat products allow consumers to save time and effort associated with ingredient shopping, meal preparation and cooking, and post-meal activities. Manufacturers increasingly utilize vanilla extracts in various sweet and savory snacks, with consumers’ growing preference for vanilla-flavored products. The growing food & beverage industry and increasing consumer interest toward tasty and flavorful products boost the demand for vanilla extract. Thus, a wide range of applications of vanilla extracts in various foods and beverages such as baby food, bakery and confectionery, dairy and frozen desserts, and snacks drives the vanilla extract market growth.

On the contrary, price volatility and supply shortage hurdles the growth of Middle East & Africa vanilla extract market.

Based on form, the Middle East & Africa vanilla extract market is bifurcated into powder and liquid. The liquid segment held 89.7% share of Middle East & Africa vanilla extract market in 2022, amassing US$ 14.34 million. It is projected to garner US$ 21.36 million by 2030 to expand at 5.1% CAGR during 2022-2030.

In terms of category, the Middle East & Africa vanilla extract market is bifurcated into organic and conventional. The conventional segment held 78.1% share of Middle East & Africa vanilla extract market in 2022, amassing US$ 12.48 million. It is projected to garner US$ 18.08 million by 2030 to expand at 4.7% CAGR during 2022-2030.

By application, the Middle East & Africa vanilla extract market is segmented into food & beverages, personal care, and others. The food & beverages segment held 61.9% share of Middle East & Africa vanilla extract market in 2022, amassing US$ 9.88 million. It is projected to garner US$ 14.60 million by 2030 to expand at 5.0% CAGR during 2022-2030. Further, food & beverages segment is categorized into bakery & confectionery, dairy & frozen desserts, beverages, sweet & savory snacks, and others.

Based on country, the Middle East & Africa vanilla extract market has been categorized into Saudi Arabia, the UAE. South Africa, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 51.9% share of Middle East & Africa vanilla extract market in 2022. It was assessed at US$ 8.29 million in 2022 and is likely to hit US$ 11.53 million by 2030, exhibiting a CAGR of 4.2% during 2022-2030.

Key players operating in the Middle East & Africa vanilla extract market are Prova SAS, Natural Vanilla Pty Ltd, Kerry Group Plc, and Archer-Daniels-Midland Co, among others.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa vanilla extract market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa vanilla extract market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the Middle East & Africa vanilla extract market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East & Africa Vanilla Extract Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturing Process
4.3.3 Distributors or Suppliers
4.3.4 Application
5. Middle East & Africa Vanilla Extract Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Wide Range of Applications of Vanilla Extract in Food & Beverage Industries
5.1.2 Rising Adoption of Vanilla Extract in Personal Care
5.2 Market Restraints
5.2.1 Price Volatility and Supply Shortage
5.3 Market Opportunities
5.3.1 Expanding Demand for Natural/Clean-Label Ingredients
5.4 Future Trends
5.4.1 High Demand for Organic Vanilla Products
5.5 Impact Analysis of Drivers and Restraints
6. Vanilla Extract Market – Middle East & Africa Market Analysis
6.1 Middle East and Africa Vanilla Extract Market Overview
6.2 Middle East & Africa Vanilla Extract Market Revenue (US$ Thousand), 2020 – 2030
6.3 Vanilla Extract Market Forecast and Analysis
7. Middle East & Africa Vanilla Extract Market Analysis – Form
7.1 Liquid
7.1.1 Overview
7.1.2 Liquid Market Revenue and Forecast to 2030 (US$ Thousand)
7.2 Powder
7.2.1 Overview
7.2.2 Powder Market Revenue and Forecast to 2030 (US$ Thousand)
8. Middle East & Africa Vanilla Extract Market Analysis – Category
8.1 Organic
8.1.1 Overview
8.1.2 Organic Market Revenue and Forecast to 2030 (US$ Thousand)
8.2 Conventional
8.2.1 Overview
8.2.2 Conventional Market Revenue and Forecast to 2030 (US$ Thousand)
9. Middle East & Africa Vanilla Extract Market Analysis – Application
9.1 Food & Beverages
9.1.1 Overview
9.1.2 Food & Beverages Market Revenue and Forecast to 2030 (US$ Thousand)
9.1.2.1 Bakery & Confectionery
9.1.2.1.1 Overview
9.1.2.1.2 Bakery & Confectionery Market Revenue and Forecast to 2030 (US$ Thousand)
9.1.2.2 Dairy & Frozen Desserts
9.1.2.2.1 Overview
9.1.2.2.2 Dairy & Frozen Desserts Market Revenue and Forecast to 2030 (US$ Thousand)
9.1.2.3 Beverages
9.1.2.3.1 Overview
9.1.2.3.2 Beverages Market Revenue and Forecast to 2030 (US$ Thousand)
9.1.2.4 Sweet & Savory Snacks
9.1.2.4.1 Overview
9.1.2.4.2 Sweet & Savory Snacks Market Revenue and Forecast to 2030 (US$ Thousand)
9.1.2.5 Others
9.1.2.5.1 Overview
9.1.2.5.2 Others Market Revenue and Forecast to 2030 (US$ Thousand)
9.2 Personal Care
9.2.1 Overview
9.2.2 Personal Care Market Revenue and Forecast to 2030 (US$ Thousand)
9.3 Others
9.3.1 Overview
9.3.2 Others Market Revenue and Forecast to 2030 (US$ Thousand)
10. Middle East & Africa Vanilla Extract Market – Country Analysis
10.1 Middle East and Africa
10.1.1 Middle East and Africa Vanilla Extract Market Revenue and Forecasts and Analysis – By Countries
10.1.1.1 Middle East and Africa Vanilla Extract Market Breakdown by Country
10.1.1.2 Saudi Arabia Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand)
10.1.1.2.1 Saudi Arabia Vanilla Extract Market Breakdown by Form
10.1.1.2.2 Saudi Arabia Vanilla Extract Market Breakdown by Category
10.1.1.2.3 Saudi Arabia Vanilla Extract Market Breakdown by Application
10.1.1.3 UAE Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand)
10.1.1.3.1 UAE Vanilla Extract Market Breakdown by Form
10.1.1.3.2 UAE Vanilla Extract Market Breakdown by Category
10.1.1.3.3 UAE Vanilla Extract Market Breakdown by Application
10.1.1.4 South Africa Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand)
10.1.1.4.1 South Africa Vanilla Extract Market Breakdown by Form
10.1.1.4.2 South Africa Vanilla Extract Market Breakdown by Category
10.1.1.4.3 South Africa Vanilla Extract Market Breakdown by Application
10.1.1.5 Rest of Middle East and Africa Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand)
10.1.1.5.1 Rest of Middle East and Africa Vanilla Extract Market Breakdown by Form
10.1.1.5.2 Rest of Middle East and Africa Vanilla Extract Market Breakdown by Category
10.1.1.5.3 Rest of Middle East and Africa Vanilla Extract Market Breakdown by Application
11. Company Profiles
11.1 Prova SAS
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Natural Vanilla Pty Ltd
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Kerry Group Plc
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Archer-Daniels-Midland Co
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
12. Appendix

LIST OF TABLES

Table 1. Vanilla Extract Market Segmentation
Table 2. Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand)
Table 3. Middle East & Africa Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – Form
Table 4. Middle East & Africa Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – Category
Table 5. Middle East & Africa Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – Application
Table 6. Saudi Arabia Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – By Form
Table 7. Saudi Arabia Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – By Category
Table 8. Saudi Arabia Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – By Application
Table 9. UAE Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – By Form
Table 10. UAE Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – By Category
Table 11. UAE Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – By Application
Table 12. South Africa Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – By Form
Table 13. South Africa Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – By Category
Table 14. South Africa Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – By Application
Table 15. Rest of Middle East and Africa Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – By Form
Table 16. Rest of Middle East and Africa Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – By Category
Table 17. Rest of Middle East and Africa Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – By Application
 

LIST OF FIGURES

Figure 1. Vanilla Extract Market Segmentation, By Country
Figure 2. Porter’s Five Forces Analysis
Figure 3. Ecosystem: Vanilla Extract Market
Figure 4. Vanilla Extract Market – Key Industry Dynamics
Figure 5. Middle East & Africa Vanilla Extract Market Impact Analysis of Drivers and Restraints
Figure 6. Middle East & Africa Vanilla Extract Market Revenue (US$ Thousand), 2020 – 2030
Figure 7. Middle East & Africa Vanilla Extract Market Share (%) – Form, 2022 and 2030
Figure 8. Liquid Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 9. Powder Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 10. Middle East & Africa Vanilla Extract Market Share (%) -Category, 2022 and 2030
Figure 11. Organic Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 12. Conventional Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 13. Middle East & Africa Vanilla Extract Market Share (%) -Application, 2022 and 2030
Figure 14. Food & Beverages Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 15. Bakery & Confectionery Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 16. Dairy & Frozen Desserts Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 17. Beverages Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 18. Sweet & Savory Snacks Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 19. Others Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 20. Personal Care Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 21. Others Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 22. Middle East and Africa Vanilla Extract Market, by Key Countries – Revenue (2022) (US$ Thousand)
Figure 23. Middle East and Africa Vanilla Extract Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 24. Saudi Arabia Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 25. UAE Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 26. South Africa Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 27. Rest of Middle East and Africa Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand)

1. Prova SAS
2. Natural Vanilla Pty Ltd
3. Kerry Group Plc
4. Archer-Daniels-Midland Co

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