Press Release

Middle East and Africa Natural Sweeteners Market to Grow at a CAGR of 8.30% During 2024-2032

Middle East and Africa Natural Sweeteners Market

According to a new report by EMR titled, ‘Middle East and Africa Natural Sweeteners Market Report and Forecast 2024-2032’, the Middle East and Africa Natural Sweeteners market attained a value of approximately USD 119.13 million in 2023. The market is further expected to grow at a CAGR of around 8.30% in the forecast period of 2024-2032, reaching a value of around USD 246.24 million by 2032.

The Middle East and Africa natural sweeteners market is aided by the growing global natural sweeteners market. Increasing sales of non-calorie food and beverages without artificial sweeteners have driven this market. In 2017, these products saw a 16% increase in comparison with 2016.  The Middle East and African markets are driven by growing health concerns about increasing obesity incidences.

 

Stevia is one of the most common natural sweeteners available. The cost of manufacturing stevia in 2018 was USD 480 million, with a supply of almost 3.5 thousand tonnes. While Asia Pacific and Europe make up almost 50 per cent of the market share of natural sweeteners, the Middle East and Africa region are also a significant emerging market for natural sweeteners.

 

In 2018, Tata & Lyle, a leading player, introduced two new zero-calorie stevia-based sweeteners at Health Ingredient Europe. This was possible in a partnership with Sweet Green Fields, a private leading company with fully integrated global stevia ingredient company. In 2018, another major player, Cargill, officially started producing EverSweet through a fermentation process. It is a zero-calorie sweetener made of two of the best sweet compounds of stevia leaf, Reb M and Reb D.

 

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Market Analysis by Types, Applications, Distribution Channels, and Regions:

  • The various types of natural sweeteners are stevia, maple syrup, raw honey, molasses, coconut sugar and others.
  • Natural sweeteners have wide applications in food and beverages, personal care, pharmaceuticals, and others.
  • The distribution channels for natural sweeteners include convenience stores, online retailer, hypermarkets/supermarkets, retail stores, among others.
  • The major regions in this market are South Africa, Saudi Arabic, Nigeria, Egypt, UAE among others.

 

Key Findings of the Report:

  • The rising population is a key driver in the growth of natural sweeteners market.
  • The growth of natural sweeteners market is driven by increased concerns about health as well as an increasing awareness of the ill effects of sugar.
  • The growing amount of people suffering from obesity and diabetes has given the natural sweetener sector an increased boost.
  • The industry is being aided by the rising demand for low-calorie alternatives to sugar to manage the obesity problem.
  • The increasing awareness about obesity has increased the demand for natural and low-calorie sweeteners.
  • The increased purchasing power is also driving the natural sweetener industry in the region.

 

Key Offerings of the Report:

  • The EMR report provides an overview of the Middle East and Africa natural sweeteners market for the periods (2018-2023) and (2024-2032).
  • The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the types, applications, distribution channels, and regions.

 

The major players in the Middle East and Africa natural sweeteners market are PureCircle, Cargill, Incorporated, Tate And Lyle, Ingredion South Africa (PTY), Archer Daniels Midland Company, among others. The comprehensive report covers their market share, capacity, and latest developments like mergers, acquisitions and investments, capacity expansions, and plant turnarounds.

 

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

 

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

 

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