Hydroxytyrosol Industry Analysis in Middle East & Africa
Hydroxytyrosol Sales Projections for Middle East & Africa by Powder and Liquid for Functional Foods, Nutraceuticals, Dietary Supplements, Cosmetics, and Pharmaceuticals from 2023 to 2033
Analysis of Hydroxytyrosol Covering Countries Including Analysis of GCC Countries, South Africa, Türkiye, and Rest of MEA
Hydroxytyrosol Sales Outlook for Middle East & Africa (2023 to 2033)
Sales of hydroxytyrosol in the Middle East & Africa are forecasted to rise at 6.9% CAGR from 2023 to 2033, thereby increasing from US$ 57.9 million in 2023 to US$ 113.5 million by the end of 2033.
Presence of high-quality olive farms in the Middle East and African region is projected to create a highly opportune scenario for hydroxytyrosol manufacturers in the future. Evolving consumer preferences and increasing willingness of people in Middle Eastern and African countries to spend more on products made from clean-label ingredients are also forecasted to uplift sales of hydroxytyrosol in the MEA region across the study period and beyond.
- The Middle East & Africa will account for 580.8 tons of hydroxytyrosol consumption in 2023.
| Report Attributes | Details |
|---|---|
| Hydroxytyrosol Sales in Middle East & Africa (2023) | US$ 57.9 Million |
| Projected Sales (2033F) | US$ 113.5 Million |
| Demand Growth (2023 to 2033) | 6.9% CAGR |
| Synthetic Hydroxytyrosol Volume Sales (2033F) | 374.7 Tons |
| Powder Hydroxytyrosol Sales (2023) | US$ 41.5 Million |
| Demand Growth for Pharmaceutical Applications (2023 to 2033) | 6.7% CAGR |
| Key Companies Profiled |
|
Don't Need a Global Report?
save 40%! on Country & Region specific reports
How Can Hydroxytyrosol Companies Strike Gold in MEA?
“Hydroxytyrosol Manufacturers Can Utilize Best Olives from MEA to Make High-quality Products”
The Middle East and African region is home to some of the most prominent countries producing olives and olive oil such as Lebanon, Morocco, Palestine, Egypt, etc. Hydroxytyrosol companies can focus on acquiring high-quality olives and olive oil from these countries to produce highly pure hydroxytyrosol and earn big in the international landscape.
Learn more about growth-augmenting aspects such as local supply, pricing trends, product standards, safety regulations, and new developments in this research study for hydroxytyrosol by skilled analysts at Fact.MR, a market research and competitive intelligence provider.
Country-wise Insights
GCC countries and Northern African countries are projected to emerge as highly opportune markets for hydroxytyrosol vendors in the Middle East and Africa region over the next ten years.
How Will Hydroxytyrosol Sales Fare in GCC Countries?
“High Use of Hydroxytyrosol in Premium Personal Care Products and Cosmetics”
The quality of life of people living in GCC countries has been improving rapidly in the past couple of decades and this has led to high demand for premium personal care products and cosmetics in these countries. The per capita spending potential of consumers in Saudi Arabia and the United Arab Emirates is a testament to how premium personal care is gaining traction in the Middle East.
Moreover, hydroxytyrosol being an olive-derived ingredient has the opportunity to capitalize on the religion-based popularity of olives as they have been mentioned in the holy book of Quran for their health benefits.
Will Türkiye Be a Bankable Destination for Olive Leaf Hydroxytyrosol Sales?
“High Awareness Regarding Benefits of Olive Products”
Olive oil and olives are extensively used for cooking in most parts of the Middle East and African region. Türkiye is also a country where olive oil and olives are a staple in the country’s diet so, most people are aware of their health benefits. Hydroxytyrosol companies looking to make a mark in Türkiye should devise strategies that allow them to benefit from the already aware consumers.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
Category-wise Insights
Hydroxytyrosol producers are predicted to source their product mostly from virgin olive oil and supply it for cosmetic applications to generate the most revenue and bolster their presence in the regional competitive landscape.
Why is Virgin Olive Oil Preferred for Hydroxytyrosol Extraction?
“High Amount of Hydroxytyrosol Present in Virgin Olive Oil”
| Attribute | Mulch |
|---|---|
| Segment Value (2023E) | US$ 34.3 Million |
| Growth Rate (2023 to 2033) | 6.3% CAGR |
| Projected Value (2033F) | US$ 63.6 Million |
A majority of hydroxytyrosol is sourced from virgin olive oil as it has the most amount of hydroxytyrosol present in it as compared to any other natural source. The presence of quality olive produce in the Middle East and Africa region is also projected to create a bright outlook for hydroxytyrosol sourced from virgin olive oil.
What Will Most Hydroxytyrosol Be Utilized For?
“Cosmetics Formulation Projected to Spearhead Revenue Generation”
| Attribute | Cosmetics |
|---|---|
| Segment Value (2023E) | US$ 28.9 Million |
| Growth Rate (2023 to 2033) | 6.3% CAGR |
| Projected Value (2033F) | US$ 53.6 Million |
Surging demand for cosmetics with natural ingredients in the Middle East and African region is projected to primarily bolster shipments of hydroxytyrosol over the coming years. The increasing willingness of consumers in this region to spend more on premium cosmetics and personal care products formulated with natural ingredients is also predicted to bolster hydroxytyrosol sales in this region over the next ten years.
Analyst’s Opinion
In light of recent research regarding the health benefits associated with hydroxytyrosol consumption, the demand outlook for hydroxytyrosol is projected to increase on a global level and subsequently in the Middle East and Africa as well. Hydroxytyrosol companies can keep a close eye on research programs to connect the dots and create a highly specific strategy to bolster their business in not just the Middle East & African region but all parts of the world.
- In September 2023, nutrition researchers at Anglia Ruskin University (ARU) published a new research study revealing how a hydroxytyrosol-rich olive by-product called OliPhenolia can support and enhance exercise and running performance for people.
By analyzing the aforementioned research, hydroxytyrosol companies can position their product for fitness-conscious people and athletes thereby giving them a good target audience to work with and boosting sales revenue in the future.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Segmentation of Hydroxytyrosol Study in Middle East & Africa
-
By Form :
- Powder
- Liquid
-
By Purity :
- Natural
- 95% Purity
- 20% Purity
- 10% Purity
- Synthetic
- 95% Purity
- 20% Purity
- 10% Purity
- Natural
-
By Source :
- Standard Olive Oil
- Virgin Olive Oil
- Catechol
-
By Application :
- Functional Foods
- Nutraceuticals
- Dietary Supplements
- Cosmetics
- Pharmaceuticals
-
By Country :
- GCC Countries
- South Africa
- Türkiye
- Rest of MEA
- FAQs -
How much is hydroxytyrosol demand in the Middle East & Africa?
Hydroxytyrosol sales in the Middle East & Africa are valued at US$ 57.9 million in 2023.
What is the projected sales revenue for 2033?
Demand for hydroxytyrosol in the Middle East & Africa is set to reach a valuation of US$ 113.5 million by the end of 2033.
At what pace will sales of hydroxytyrosol rise in the region?
Sales of hydroxytyrosol are forecasted to rise at 6.9% CAGR over the next ten years.
What is the best source of hydroxytyrosol?
The best source of hydroxytyrosol is virgin olive oil and it is slated to account for a revenue value of US$ 63.6 million in the Middle East & Africa by 2033-end.
Who are the top hydroxytyrosol manufacturers in MEA?
Med Chem LLC, PhytoNova, BioActives Africa, and Wacker Chemie AG are renowned hydroxytyrosol suppliers in MEA.
Hydroxytyrosol Industry Analysis in Middle East & Africa