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)
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.
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.
1. INTRODUCTION
1.1 The Insight Partners 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
1.1 The Insight Partners 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
