Middle East and Africa Food Flavors Market has been estimated at USD 0.68 Million in 2021 and is projected to reach USD 0.89 Million by 2026, at a CAGR of 5.656% during the forecast period from 2021 to 2026.
Flavors are a type of food additives added to food and beverages to make products tastier and more appealing. Flavors can be broadly classified as natural and synthetic flavors, where natural flavors are produced from edible substances such as fruits, vegetables, leaves; and synthetic flavors are prepared by the mixture of volatile chemicals. They are essential part of the food processing industry to maintain the taste of a product.
The market for food flavors in Middle-East and Africa is mainly driven due to new technologies that are pioneered the outgrowth of advanced ingredients derived from fruits & vegetables, which are used as food flavors. Also, growing demand for health & wellness foods, technological innovation, and increasing consumer preference towards convenience and ready-to-eat meals are driving the food flavors market. But, the market growth can be hampered due to rising health awareness in people, high costs of food flavor raw materials and regulations on the amount of consumption.
Middle-East and Africa market for Food Flavors is segmented based on type, source and application. By type, the market is further sub-segmented into Chocolate, Vanilla, Fruits & Nuts. By Origin, the market is further sub-segmented into Natural and Synthetic. By Application, the market is further sub-segmented into Beverages, Savory & Snacks, Bakery & Confectionery, Dairy & Frozen Products, Others. Beverage flavor products segment is the largest in terms of revenue, closely followed by bakery & confectionery and savory & snacks flavors segments. Growth for dairy and frozen product flavors due to high demand of meat flavor products.
Geographically the Middle East and Africa Food Flavors Market is segmented into KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA. MEA region is mainly growing in the market due to high penetration of global market players into the untapped regions. Also, increased consumption of fitness and wellness flavor solutions is also driving the market in these regions.
Key Players in the Market:
Major Key Players in the MEA Food Flavors Market are
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Type
5.1.1 Chocolate
5.1.2 Vanilla
5.1.3 Fruits & Nuts
5.2 By Origin
5.2.1 Natural
5.2.2 synthetic
5.3 By Application
5.3.1 Beverages
5.3.2 Savory & Snacks
5.3.3 Bakery & Confectionery
5.3.4 Dairy & Frozen Products
5.3.5 Others
6. Geographical Analysis
6.1 Introduction
6.2 Middle-East
6.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Kerry Group
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Givaudan
8.3 Archer Daniels Midland Company
8.4 DohlerGroup
8.5 AGRANA Group
8.6 SVZ International B.V.
8.7 SunOpta, Inc.
8.8 Sensient Technologies Corporation
8.9 Symrise AG
8.10 Frutarom Industries
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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Apr 2021
