The Latin America, Middle East and Africa Cyclodextrin Market would witness market growth of 7.3% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 88.13 Tonnes, showcasing a growth of 4.8% (2024-2031).
In the food industry, cyclodextrins serve various essential roles due to their versatile properties. These chemicals, including alpha-, beta-, and gamma-variants, find applications in food products as encapsulating agents for volatile flavors and aromas, masking undesirable tastes or odors. They stabilize food additives like colors, flavors, and antioxidants, prolonging their shelf life and ensuring product consistency. Therefore, the Brazil market utilized 4.78 Tonnes of cyclodextrins in food industry in 2023.
The Brazil market dominated the LAMEA Cyclodextrin Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $10,037.1 Thousands by 2031. The Argentina market is showcasing a CAGR of 7.9% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 6.9% during (2024 - 2031).
The adoption of cyclodextrins has steadily increased across various industries, driven by their unique properties and versatile applications. The widespread adoption of these can be attributed to several factors. Pharmaceutical companies have increasingly adopted these chemicals as excipients in drug formulations to overcome the challenges of low aqueous solubility, thereby enhancing drug delivery and therapeutic efficacy.
Cyclodextrins are used in pharmaceuticals and food products to mask active ingredients’ unpleasant taste and odour. By encapsulating volatile or bitter compounds, these improve the palatability and consumer acceptance of oral medications, dietary supplements, and functional foods. The adoption of these has also been driven by the demand for targeted drug delivery systems that enable site-specific delivery of therapeutics while minimizing systemic side effects.
The expansion of the chemical industry in the UAE can create opportunities for the production of specialty chemicals, including these chemicals. Local chemical manufacturers may explore the production of these and their derivatives to cater to specific industrial needs. Therefore, the expansion of the food and beverage industry and the rising chemical industry in the region are driving the market’s growth.
Free Valuable Insights: The Worldwide Cyclodextrin Market is Projected to reach USD 504.3 Million by 2031, at a CAGR of 5.6%
Based on Type, the market is segmented into Beta-Cyclodextrin, Alpha-Cyclodextrin, and Gamma-Cyclodextrin. Based on End-use, the market is segmented into Pharmaceutical, Food, Cosmetics & Personal Care, Chemical, Textile and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Type (Volume, Tonnes, USD Million, 2020-2031)
By End-use (Volume, Tonnes, USD Million, 2020-2031)
By Country (Volume, Tonnes, USD Million, 2020-2031)
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