Saudi Arabia Organic Food Additives Market Size Estimated to Cross USD 83.24 Million By 2028, Growing at a CAGR of 5.22% | Infinium Global Research

Infinium Global Research has added a new report on Saudi Arabia Organic Food Additives Market. The report covers the analysis of regional markets of Saudi Arabia. Moreover, the report gives insights into the factors that affect the regional performance of the market in the short run and in the long run. The Saudi Arabia organic food additives market is a customer intelligence and competitive study of the demand, forecasts, trends, and macro indicators in Saudi Arabia market. The dynamics including drivers, restraints, opportunities, political, socioeconomic factors, technological factors, key trends, and future prospects. The Saudi Arabia Organic Food Additives Market is witnessing substantial growth, with a valuation of USD 58.62 million in 2021, projected to reach USD 83.24 million by 2028. This robust growth is expected to continue at a Compound Annual Growth Rate (CAGR) of 5.22% over the forecast period from 2022 to 2028.

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The Health-Conscious Lifestyle Trend

Saudi Arabia has seen a surge in health-conscious consumers, driving the demand for natural and organic foods and beverages. Many citizens and expatriates in the country are adopting healthier lifestyles to address health concerns, such as diabetes, ischemic heart disease, and stroke, which are prevalent in the region. The government's healthcare reforms have shifted the responsibility for health onto citizens, further incentivizing a healthy lifestyle.

Changing Consumption Patterns

The convenience of ready-to-eat food options has gained popularity in Saudi Arabia, particularly among working individuals with busy schedules. This shift is driving the demand for organic-based ready-to-eat food, packaged food, frozen food, confectionaries, and beverages.

Organic Farming Initiatives

Saudi Arabia's commitment to organic farming is another significant driver of the organic food additives market. The government supports organic farmers by covering certification fees, providing technical assistance, and improving farming quality. With over 20 organic farms established and a $200 million allocation for organic farming, the Saudi government aims to increase organic production by 300%. The organic farming area has already witnessed substantial growth, with a 60% increase in output from 2019 to 2020.

Challenges from Regulatory Frameworks

However, the Saudi Food and Drug Authority (SFDA) enforces stringent regulations, including labeling requirements and nutrition information disclosure. These regulations can pose challenges for organic food additives manufacturers looking to export to Saudi Arabia.

Impact of Halal Certification Changes

The recent changes in Halal certification regulations by SFDA, set to be fully implemented from July 2022, have also altered the landscape for food and beverage companies. Importantly, the SFDA now requires approval for halal certifications, affecting the export of products from companies with certifications from other bodies.

Expanding Population and Import Trends

Saudi Arabia's growing population, including expatriate workers, is contributing to increased food and beverage demand. According to the World Bank, food products accounted for 15% of all merchandise imports in Saudi Arabia in 2020. With advancements in farming technologies and government support, the agricultural sector is expanding, further boosting demand for organic food additives.

In conclusion, the Saudi Arabia organic food additives market is on a growth trajectory, fueled by health-conscious consumers, government initiatives in organic farming, and increasing population. While regulatory challenges and changes in Halal certification pose some obstacles, the market presents significant growth opportunities for major players in the industry.

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Table of Content

Chapter 1. Report Overview

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

Chapter 3. Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.2.4. Challenges

3.3. PEST-Analysis

3.4. Porter's Diamond Model for Saudi Arabia Organic Food Additives Market

3.5. IGR-Growth Matrix Analysis

3.6. Competitive Landscape in Saudi Arabia Organic Food Additives Market

Chapter 4. Saudi Arabia Organic Food Additives Market by Product Type

4.1 Flavors & Enhancers

4.2 Antioxidants

4.3 Colorants

4.4 Sweeteners

4.5 Emulsifiers

4.6 Acidulants

4.7 Stabilizers

4.8 Other Product Types

Chapter 5. Saudi Arabia Organic Food Additives Market by Application

5.1 Dairy & Frozen Desserts

5.2 Bakery and Confectionery

5.3 Beverages

5.4 Convenience foods

5.5 Other Applications

Chapter 6. Company Profiles

6.1 Fine Organics Industries Ltd

6.1.1 Company Overview

6.1.2 Product Portfolio

6.2 Brenntag SE

6.2.1 Overview

6.2.2 Company Snapshot

6.2.3 Product Portfolio

6.2.4 Recent Developments

6.3 Middle East Food Solutions Company

6.3.1 Overview

6.3.2 Company Snapshot

6.3.3 Product Portfolio

6.4 Kerry Group plc

6.4.1 Overview

6.4.2 Company Snapshot

6.4.3 Product Portfolio

6.5 International Flavors & Fragrances Inc (IFF)

6.5.1 Overview

6.5.2 Company Snapshot

6.5.3 Product Portfolio

More Insights on this report, Speak to Our Analyst: https://www.infiniumglobalresearch.com/saudi-arabia/enquiry/18786

Reasons to Buy this Report:

=> Comprehensive analysis of regional markets of Saudi Arabia Organic Food Additives.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2028.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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