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Middle East & Africa Dry Ice Market Forecast to 2030
Middle East & Africa Dry Ice Market Forecast to 2030 – Regional Analysis – by Type (Pellets, Blocks, and Others) and Application (Food and Beverages, Storage and Transportation, Healthcare, Industrial Applications, and Others)
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Description
Growing Adoption of Sustainable Dry Ice Production Methods Drives Middle East & Africa Dry Ice Market
Traditional dry ice production methods, which involve the direct capture of carbon dioxide from industrial processes, are energy-intensive and contribute to carbon emissions. However, the adoption of more sustainable practices is reshaping the industry landscape. Carbon dioxide from carbon-neutral sources is environmentally friendly, viable, and economically sustainable. Instead of using hydrocarbon by-products to capture carbon dioxide, a few dry ice producers are now using the anaerobic digestion process as an eco-friendly solution, and this trend is expected to gain traction during the forecast period. The biomethane produced by facilities integrating this new process is then captured and transmitted through gas upgraders, and eventually, membrane technology is utilized to separate carbon dioxide from methane.
Anaerobic digestion systems align with the circular economy concept by creating closed-loop systems. Organic waste inputs for anaerobic digestion can be sourced locally, reducing the need for transportation and supporting regional sustainability initiatives. This decentralized approach enhances the overall efficiency of the dry ice production process and minimizes the carbon footprint associated with the raw material acquisition.
Advancements in renewable energy sources are also influencing the sustainability of dry ice production. Incorporating renewable energy, such as solar and wind power, into the production process can significantly reduce the carbon footprints associated with dry ice manufacturing. Manufacturers adopting these sustainable energy practices are likely to gain a competitive edge in the market as environmentally conscious consumers and businesses seek eco-friendly alternatives. Thus, the increasing demand for anaerobic digestion systems and integration of renewable energy sources in dry ice production is a result of their ability to align with sustainability objectives, minimize environmental impact, and contribute to the circular economy. As industries prioritize greener practices, the integration of sustainable production processes into dry ice production processes is poised to become a key driver of growth in the sector.
Middle East & Africa Dry Ice Market Overview
The Middle East and Africa dry ice market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Strong economic growth in countries across the region is creating a platform for the development and expansion of the market in the region. The healthcare and pharmaceutical industry in the region is significantly growing, with governments in the region focusing more on the well-being of the increasing population. In addition, factors such as strong population growth, greater life expectancy, the predominance of lifestyle-related disorders such as diabetes, and demand for superior healthcare services are driving the pharmaceutical industry’s growth in the region. Thus, the rising pharmaceutical industry in the Middle East & Africa is projected to drive the demand for dry ice in the coming years.
The climate in Middle Eastern countries is harsh as deserts surround them. Pharmaceutical shipments in these countries may get exposed to harsh weather conditions, causing severe damage to the products. Therefore, the companies take additional care in such regions to protect their shipments and avoid huge losses. This factor can also favor the dry ice market for pharmaceutical applications in the Middle East & Africa.
Further, the demand for frozen food products in the region is high. The region’s frozen food product is witnessing rapid development with the growth of urban markets such as Dubai, Abu Dhabi, and Iran. New investment and better marketing strategies have led to the capture of market share in the Middle East & Africa. Moreover, according to the Food Export Association of the Midwest USA and Food Export USA–Northeast, in 2021, Saudi Arabia exported approx. US$ 1.1 billion of food products to the region, an increase of nearly 2% since 2020. The main products consisted of dairy items, processed foods, snack foods, processed dates, processed fruits & vegetables, sugar and sweeteners, and poultry meat. Demand for packaged foods is growing due to consumers’ changing lifestyles and diets and the expansion of the food retail and food service sectors. The growing populations of the UAE, Bahrain, Saudi Arabia, Kuwait, Qatar, and Oman increased the demand for frozen products. This has been providing huge opportunities for the major players in the dry ice market. The food sector in the Middle East & Africa has experienced a sharp increase due to high economic growth, urbanization, population growth, and a rising middle class. Consumers highly prefer good quality food products with high nutritional value. The dry ice market offers lucrative opportunities to fulfill the growing consumer demands as it keeps frozen products contamination-free and improves their shelf life. All these factors are expected to create growth opportunities for dry ice market players in the Middle East & Africa.
Middle East & Africa Dry Ice Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Dry Ice Market Segmentation
The Middle East & Africa dry ice market is categorized into type, application, and country.
Based on type, the Middle East & Africa dry ice market is segmented into pellets, blocks, and others. The blocks segment held the largest market share in 2022.
In terms of application, the Middle East & Africa dry ice market is segmented into food and beverages, storage and transportation, healthcare, industrial applications, and others. The storage and transportation held the largest market share in 2022.
By country, the Middle East & Africa dry ice market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the Middle East & Africa dry ice market share in 2022.
Gulf Cryo LLC, L’Air Liquide SA, Linde Plc, and SOL SpA are some of the leading companies operating in the Middle East & Africa dry ice market.
Summary Info
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According to the Research Team’ research, the Middle East & Africa dry ice market was valued at US$ 131.38 million in 2022 and is projected to reach US$ 202.00 million by 2030, registering a CAGR of 5.5% from 2022 to 2030. High demand for dry ice in storage and transportation and growing adoption of sustainable dry ice production methods are among the critical factors attributed to drive the Middle East & Africa dry ice market growth.
According to the Food and Agriculture Organization (FAO), food loss and waste cause ~US$ 940 billion per year in economic losses. While 17% of the world’s food is wasted at the consumption stage, 14% is lost during the distribution, handling, and storage stages. The FAO estimates that US$ 400 billion of perishable food is wasted annually, of which half is lost due to temperature changes. Dry ice, solid carbon dioxide (CO2) at extremely low temperatures, is used extensively as a refrigerant and cooling agent in the storage and transportation sector. Its unique properties make it an indispensable tool for preserving the quality and integrity of perishable items during storage and transportation. Dry ice in the storage and transportation sector is used in the preservation of frozen and chilled products. The sublimation process of dry ice releases extremely cold CO2 gas, creating a consistently low-temperature environment. This makes dry ice an ideal choice for maintaining the required temperature levels during the shipping and storage of goods such as pharmaceuticals, medical samples, and certain types of food.
The storage and transportation of vaccines, biologics, and other temperature-sensitive medical supplies often rely on dry ice. The demand for dry ice has surged owing to the rising distribution of vaccines and pharmaceuticals globally, especially in the context of health emergencies. Its ability to provide stable and ultra-cold temperatures ensures that these crucial medical supplies reach their destination in optimal condition. According to the IATA CargoIS, perishables represent an essential commodity within the air freight industry, accounting for 15% of total global air cargo in 2022. Their short shelf life makes perishables prime candidates for air freight, which ensures the fastest transportation option while preserving the commodities’ time and temperature-sensitive state.
The rising e-commerce and online food delivery services have further fueled the demand for dry ice. Companies delivering perishable goods, such as frozen foods and meal kits, depend on dry ice to maintain the required temperature throughout the transit process, guaranteeing that products arrive at the consumer’s doorstep in a safe and consumable state. As the need for efficient preservation of temperature-sensitive goods continues to grow, dry ice remains a key solution for maintaining the quality and safety of various products during their journey from production to final destination. Thus, due to its exceptional cooling properties, dry ice is being highly used in the storage and transportation industry.
On the contrary, inability of dry ice to be stored for an extended period hamper the growth of the Middle East & Africa dry ice market.
Based on type, the Middle East & Africa dry ice market is segmented into pellets, blocks, and others. The blocks segment held 48.0% market share in 2022, amassing US$ 63.02 million. It is projected to garner US$ 101.80 million by 2030 to register 6.2% CAGR during 2022–2030.
In terms of application, the Middle East & Africa dry ice market is segmented into food and beverages, storage and transportation, healthcare, industrial applications, and others. The food and beverages segment held 30.9% share of Middle East & Africa dry ice market in 2022, amassing US$ 40.54 million. It is anticipated to garner US$ 64.54 million by 2030 to expand at 6.0% CAGR during 2022–2030.
Based on country, the Middle East & Africa dry ice market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 52.3% share of Middle East & Africa dry ice market in 2022. It was assessed at US$ 68.75 million in 2022 and is likely to hit US$ 101.59 million by 2030, registering a CAGR of 5.0% during 2022–2030.
Key players operating in the Middle East & Africa dry ice market are Gulf Cryo LLC, L’Air Liquide SA, Linde Plc, and SOL SpA, among others.
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 dry ice 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 dry ice 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.
1. Introduction
1.1 The the Reporting Teams Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East & Africa Dry Ice Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Threats of New Entrants
4.2.2 Threat of Substitutes
4.2.3 Bargaining Power of Buyers
4.2.4 Bargaining Power of Suppliers
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers
4.3.3 Distributors or Suppliers
4.3.4 End-Use Industry
5. Middle East & Africa Dry Ice Market – Key Market Dynamics
5.1 Middle East & Africa Dry Ice Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 High Demand for Dry Ice in Storage and Transportation
5.2.2 Increasing Preference for Dry Ice over Water-based Ice
5.3 Market Restraints
5.3.1 Inability of Dry Ice to be Stored for an Extended Period
5.4 Market Opportunities
5.4.1 Rapidly Increasing Demand for Frozen Foods
5.5 Future Trends
5.5.1 Growing Adoption of Sustainable Dry Ice Production Methods
5.6 Impact of Drivers and Restraints:
6. Dry Ice Market – Middle East & Africa Market Analysis
6.1 Middle East & Africa Dry Ice Market Volume (Kilo Tons), 2022–2030
6.2 Middle East & Africa Dry Ice Market Volume Forecast and Analysis (Kilo Tons)
6.3 Middle East & Africa Dry Ice Market Revenue (US$ Million), 2022–2030
6.4 Middle East & Africa Dry Ice Market Forecast and Analysis
7. Middle East & Africa Dry Ice Market Volume and Revenue Analysis – by Type
7.1 Pellets
7.1.1 Overview
7.1.2 Pellets: Middle East & Africa Dry Ice Market – Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
7.2 Blocks
7.2.1 Overview
7.2.2 Blocks: Middle East & Africa Dry Ice Market – Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
7.3 Others
7.3.1 Overview
7.3.2 Others: Middle East & Africa Dry Ice Market – Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
8. Middle East & Africa Dry Ice Market Revenue Analysis – by Application
8.1 Food and Beverage
8.1.1 Overview
8.1.2 Food and Beverage: Middle East & Africa Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Storage and Transportation
8.2.1 Overview
8.2.2 Storage and Transportation: Middle East & Africa Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Healthcare
8.3.1 Overview
8.3.2 Healthcare: Middle East & Africa Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Industrial Applications
8.4.1 Overview
8.4.2 Industrial Applications: Middle East & Africa Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Middle East & Africa Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
9. Middle East & Africa Dry Ice Market – Country Analysis
9.1 Middle East & Africa Dry Ice Market Overview
9.1.1 Middle East & Africa Dry Ice Market Revenue and Forecast and Analysis – by Country
9.1.1.1 Middle East & Africa Dry Ice Market Volume and Forecast and Analysis – by Country
9.1.1.2 Middle East & Africa Dry Ice Market Revenue and Forecast and Analysis –by Country
9.1.1.3 South Africa Dry Ice Market – Volume, Revenue and Forecast to 2030 (Kilo Tons)(US$ Million)
9.1.1.3.1 South Africa Dry Ice Market Breakdown by Type
9.1.1.3.2 South Africa Dry Ice Market Breakdown by Application
9.1.1.4 Saudi Arabia Dry Ice Market – Volume, Revenue and Forecast to 2030 (Kilo Tons)(US$ Million)
9.1.1.4.1 Saudi Arabia Dry Ice Market Breakdown by Type
9.1.1.4.2 Saudi Arabia Dry Ice Market Breakdown by Application
9.1.1.5 United Arab Emirates Dry Ice Market – Volume, Revenue and Forecast to 2030 (Kilo Tons)(US$ Million)
9.1.1.5.1 United Arab Emirates Dry Ice Market Breakdown by Type
9.1.1.5.2 United Arab Emirates Dry Ice Market Breakdown by Application
9.1.1.6 Rest of Middle East & Africa Dry Ice Market – Volume, Revenue and Forecast to 2030 (Kilo Tons)(US$ Million)
9.1.1.6.1 Rest of Middle East & Africa Dry Ice Market Breakdown by Type
9.1.1.6.2 Rest of Middle East & Africa Dry Ice Market Breakdown by Application
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
12. Company Profiles
12.1 Linde Plc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 SOL SpA
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Gulf Cryo LLC
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 L’Air Liquide SA
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
13. Appendix
13.1 About The the Reporting Teams
Table 1. Middle East & Africa Dry Ice Market Segmentation
Table 2. Middle East & Africa Dry Ice Market – Volume and Forecast to 2030 (Kilo Tons)
Table 3. Middle East & Africa Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Table 4. Middle East & Africa Dry Ice Market – Volume and Forecast to 2030 (Kilo Tons) – by Type
Table 5. Middle East & Africa Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 6. Middle East & Africa Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 7. Middle East & Africa Dry Ice Market – Volume and Forecast to 2030 (Kilo Tons) – by Country
Table 8. Middle East & Africa Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Country
Table 9. South Africa Dry Ice Market –Volume and Forecast to 2030 (Kilo Tons) – by Type
Table 10. South Africa Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 11. South Africa Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 12. Saudi Arabia Dry Ice Market –Volume and Forecast to 2030 (Kilo Tons) – by Type
Table 13. Saudi Arabia Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 14. Saudi Arabia Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 15. United Arab Emirates Dry Ice Market –Volume and Forecast to 2030 (Kilo Tons) – by Type
Table 16. United Arab Emirates Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 17. United Arab Emirates Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 18. Rest of Middle East & Africa Dry Ice Market –Volume and Forecast to 2030 (Kilo Tons) – by Type
Table 19. Rest of Middle East & Africa Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 20. Rest of Middle East & Africa Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 21. Heat Map Analysis by Key Players
Figure 1. Middle East & Africa Dry Ice Market Segmentation, by Country
Figure 2. Dry Ice Market – Porter’s Analysis
Figure 3. Ecosystem: Dry Ice Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Middle East & Africa Dry Ice Market Volume (Kilo Tons), 2022–2030
Figure 6. Middle East & Africa Dry Ice Market Revenue (US$ Million), 2022–2030
Figure 7. Middle East & Africa Dry Ice Market Share (%) – Type, 2022 and 2030
Figure 8. Pellets: Middle East & Africa Dry Ice Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 9. Pellets: Middle East & Africa Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Blocks: Middle East & Africa Dry Ice Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 11. Blocks: Middle East & Africa Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Others: Middle East & Africa Dry Ice Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 13. Others: Middle East & Africa Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Middle East & Africa Dry Ice Market Share (%) – Application, 2022 and 2030
Figure 15. Food and Beverage: Middle East & Africa Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Storage and Transportation: Middle East & Africa Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Healthcare: Middle East & Africa Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Industrial Applications: Middle East & Africa Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Others: Middle East & Africa Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Middle East & Africa Dry Ice Market, By Key Country – Revenue (2022) (US$ Million)
Figure 21. Middle East & Africa Dry Ice Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 22. South Africa Dry Ice Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 23. South Africa Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. Saudi Arabia Dry Ice Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 25. Saudi Arabia Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 26. United Arab Emirates Dry Ice Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 27. United Arab Emirates Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 28. Rest of Middle East & Africa Dry Ice Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 29. Rest of Middle East & Africa Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 30. Company Positioning & Concentration
The List of Companies – Middle East and Africa Dry Ice Market
o Gulf Cryo LLC
o L’Air Liquide SA
o Linde Plc
o SOL SpA
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