Middle East and Africa’s food additives market to reach USD 4.7 billion by 2023

Middle East and Africa’s food additives market to reach USD 4.7 billion by 2023

According to Market Data Forecast, the Middle-East and Africa’s  food additives market has been estimated at USD 3.61 billion in 2018 and is projected to reach USD 4.7 billion by 2023, at a CAGR of 5.57 percent during the forecast period from 2018 to 2023.

This market is mainly driven by the growing supply chain complexities/inefficiencies in the food and beverage industry which is making them resort to food additives which helps in preserving as well as enhancing the taste of the products. But, the market growth can be constrained due to strong organic movement, coupled with decreasing reliance on synthetic chemicals owing to adverse effects on human health.

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E.I. DuPont , Archer Daniels Midland Company, Cargill, Incorporated, CHR. Hansen Holding A/S, Kerry Group Plc, and BASF SE are the major players of Middle-East and Africa Food Additives market.

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