Middle East & Africa Dry Ice Market Forecast to 2030 - Regional Analysis - by Type (Pellets, Blocks, and Others) and Application (Food and Beverages, Storage and Transportation, Healthcare, Industrial Applications, and Others)

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The Middle East & Africa dry ice market was valued at US$ 131.38 million in 2022 and is expected to reach US$ 202.00 million by 2030; it is estimated to register a CAGR of 5.5% from 2022 to 2030.

Growing Adoption of Sustainable Dry Ice Production Methods Drives Middle East & Africa Dry Ice Market

Traditional dry ice production methods, which involve the direct capture of carbon dioxide from industrial processes, are energy-intensive and contribute to carbon emissions. However, the adoption of more sustainable practices is reshaping the industry landscape. Carbon dioxide from carbon-neutral sources is environmentally friendly, viable, and economically sustainable. Instead of using hydrocarbon by-products to capture carbon dioxide, a few dry ice producers are now using the anaerobic digestion process as an eco-friendly solution, and this trend is expected to gain traction during the forecast period. The biomethane produced by facilities integrating this new process is then captured and transmitted through gas upgraders, and eventually, membrane technology is utilized to separate carbon dioxide from methane.

Anaerobic digestion systems align with the circular economy concept by creating closed-loop systems. Organic waste inputs for anaerobic digestion can be sourced locally, reducing the need for transportation and supporting regional sustainability initiatives. This decentralized approach enhances the overall efficiency of the dry ice production process and minimizes the carbon footprint associated with the raw material acquisition.

Advancements in renewable energy sources are also influencing the sustainability of dry ice production. Incorporating renewable energy, such as solar and wind power, into the production process can significantly reduce the carbon footprints associated with dry ice manufacturing. Manufacturers adopting these sustainable energy practices are likely to gain a competitive edge in the market as environmentally conscious consumers and businesses seek eco-friendly alternatives. Thus, the increasing demand for anaerobic digestion systems and integration of renewable energy sources in dry ice production is a result of their ability to align with sustainability objectives, minimize environmental impact, and contribute to the circular economy. As industries prioritize greener practices, the integration of sustainable production processes into dry ice production processes is poised to become a key driver of growth in the sector.

Middle East & Africa Dry Ice Market Overview

The Middle East and Africa dry ice market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Strong economic growth in countries across the region is creating a platform for the development and expansion of the market in the region. The healthcare and pharmaceutical industry in the region is significantly growing, with governments in the region focusing more on the well-being of the increasing population. In addition, factors such as strong population growth, greater life expectancy, the predominance of lifestyle-related disorders such as diabetes, and demand for superior healthcare services are driving the pharmaceutical industry's growth in the region. Thus, the rising pharmaceutical industry in the Middle East & Africa is projected to drive the demand for dry ice in the coming years.

The climate in Middle Eastern countries is harsh as deserts surround them. Pharmaceutical shipments in these countries may get exposed to harsh weather conditions, causing severe damage to the products. Therefore, the companies take additional care in such regions to protect their shipments and avoid huge losses. This factor can also favor the dry ice market for pharmaceutical applications in the Middle East & Africa.

Further, the demand for frozen food products in the region is high. The region's frozen food product is witnessing rapid development with the growth of urban markets such as Dubai, Abu Dhabi, and Iran. New investment and better marketing strategies have led to the capture of market share in the Middle East & Africa. Moreover, according to the Food Export Association of the Midwest USA and Food Export USA-Northeast, in 2021, Saudi Arabia exported approx. US$ 1.1 billion of food products to the region, an increase of nearly 2% since 2020. The main products consisted of dairy items, processed foods, snack foods, processed dates, processed fruits & vegetables, sugar and sweeteners, and poultry meat. Demand for packaged foods is growing due to consumers' changing lifestyles and diets and the expansion of the food retail and food service sectors. The growing populations of the UAE, Bahrain, Saudi Arabia, Kuwait, Qatar, and Oman increased the demand for frozen products. This has been providing huge opportunities for the major players in the dry ice market. The food sector in the Middle East & Africa has experienced a sharp increase due to high economic growth, urbanization, population growth, and a rising middle class. Consumers highly prefer good quality food products with high nutritional value. The dry ice market offers lucrative opportunities to fulfill the growing consumer demands as it keeps frozen products contamination-free and improves their shelf life. All these factors are expected to create growth opportunities for dry ice market players in the Middle East & Africa.

Middle East & Africa Dry Ice Market Revenue and Forecast to 2030 (US$ Million)

Middle East & Africa Dry Ice Market Segmentation

The Middle East & Africa dry ice market is categorized into type, application, and country.

Based on type, the Middle East & Africa dry ice market is segmented into pellets, blocks, and others. The blocks segment held the largest market share in 2022.

In terms of application, the Middle East & Africa dry ice market is segmented into food and beverages, storage and transportation, healthcare, industrial applications, and others. The storage and transportation held the largest market share in 2022.

By country, the Middle East & Africa dry ice market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the Middle East & Africa dry ice market share in 2022.

Gulf Cryo LLC, L'Air Liquide SA, Linde Plc, and SOL SpA are some of the leading companies operating in the Middle East & Africa dry ice market.

Product Code: BMIRE00029068

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Middle East & Africa Dry Ice Market Landscape

4.1 Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Threats of New Entrants
- 4.2.2 Threat of Substitutes
- 4.2.3 Bargaining Power of Buyers
- 4.2.4 Bargaining Power of Suppliers
- 4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Manufacturers
- 4.3.3 Distributors or Suppliers
- 4.3.4 End-Use Industry

5. Middle East & Africa Dry Ice Market - Key Market Dynamics

5.1 Middle East & Africa Dry Ice Market - Key Market Dynamics
5.2 Market Drivers
- 5.2.1 High Demand for Dry Ice in Storage and Transportation
- 5.2.2 Increasing Preference for Dry Ice over Water-based Ice
5.3 Market Restraints
- 5.3.1 Inability of Dry Ice to be Stored for an Extended Period
5.4 Market Opportunities
- 5.4.1 Rapidly Increasing Demand for Frozen Foods
5.5 Future Trends
- 5.5.1 Growing Adoption of Sustainable Dry Ice Production Methods
5.6 Impact of Drivers and Restraints:

6. Dry Ice Market - Middle East & Africa Market Analysis

6.1 Middle East & Africa Dry Ice Market Volume (Kilo Tons), 2022-2030
6.2 Middle East & Africa Dry Ice Market Volume Forecast and Analysis (Kilo Tons)
6.3 Middle East & Africa Dry Ice Market Revenue (US$ Million), 2022-2030
6.4 Middle East & Africa Dry Ice Market Forecast and Analysis

7. Middle East & Africa Dry Ice Market Volume and Revenue Analysis - by Type

7.1 Pellets
- 7.1.1 Overview
- 7.1.2 Pellets: Middle East & Africa Dry Ice Market - Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
7.2 Blocks
- 7.2.1 Overview
- 7.2.2 Blocks: Middle East & Africa Dry Ice Market - Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
7.3 Others
- 7.3.1 Overview
- 7.3.2 Others: Middle East & Africa Dry Ice Market - Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)

8. Middle East & Africa Dry Ice Market Revenue Analysis - by Application

8.1 Food and Beverage
- 8.1.1 Overview
- 8.1.2 Food and Beverage: Middle East & Africa Dry Ice Market - Revenue and Forecast to 2030 (US$ Million)
8.2 Storage and Transportation
- 8.2.1 Overview
- 8.2.2 Storage and Transportation: Middle East & Africa Dry Ice Market - Revenue and Forecast to 2030 (US$ Million)
8.3 Healthcare
- 8.3.1 Overview
- 8.3.2 Healthcare: Middle East & Africa Dry Ice Market - Revenue and Forecast to 2030 (US$ Million)
8.4 Industrial Applications
- 8.4.1 Overview
- 8.4.2 Industrial Applications: Middle East & Africa Dry Ice Market - Revenue and Forecast to 2030 (US$ Million)
8.5 Others
- 8.5.1 Overview
- 8.5.2 Others: Middle East & Africa Dry Ice Market - Revenue and Forecast to 2030 (US$ Million)

9. Middle East & Africa Dry Ice Market - Country Analysis

9.1 Middle East & Africa Dry Ice Market Overview
- 9.1.1 Middle East & Africa Dry Ice Market Revenue and Forecast and Analysis - by Country
  - 9.1.1.1 Middle East & Africa Dry Ice Market Volume and Forecast and Analysis - by Country
  - 9.1.1.2 Middle East & Africa Dry Ice Market Revenue and Forecast and Analysis -by Country
  - 9.1.1.3 South Africa Dry Ice Market - Volume, Revenue and Forecast to 2030 (Kilo Tons)(US$ Million)
    - 9.1.1.3.1 South Africa Dry Ice Market Breakdown by Type
    - 9.1.1.3.2 South Africa Dry Ice Market Breakdown by Application
  - 9.1.1.4 Saudi Arabia Dry Ice Market - Volume, Revenue and Forecast to 2030 (Kilo Tons)(US$ Million)
    - 9.1.1.4.1 Saudi Arabia Dry Ice Market Breakdown by Type
    - 9.1.1.4.2 Saudi Arabia Dry Ice Market Breakdown by Application
  - 9.1.1.5 United Arab Emirates Dry Ice Market - Volume, Revenue and Forecast to 2030 (Kilo Tons)(US$ Million)
    - 9.1.1.5.1 United Arab Emirates Dry Ice Market Breakdown by Type
    - 9.1.1.5.2 United Arab Emirates Dry Ice Market Breakdown by Application
  - 9.1.1.6 Rest of Middle East & Africa Dry Ice Market - Volume, Revenue and Forecast to 2030 (Kilo Tons)(US$ Million)
    - 9.1.1.6.1 Rest of Middle East & Africa Dry Ice Market Breakdown by Type
    - 9.1.1.6.2 Rest of Middle East & Africa Dry Ice Market Breakdown by Application

10. Competitive Landscape

10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration

11. Industry Landscape

11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition

12. Company Profiles

12.1 Linde Plc
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 SOL SpA
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 Gulf Cryo LLC
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 L'Air Liquide SA
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments

13. Appendix

13.1 About The Insight Partners