Argentina Food Flavor and Enhancer Market Trends | 2030
Argentina Food Flavor and Enhancer Market Trends | 2030
Segments - Argentina Food Flavor and Enhancer Market by Types (Flavor Enhancers, Natural Flavors, Nature Identical Flavoring, and Synthetic Flavors), Applications (Bakery, Beverage, Confectionery, Dairy Products, Processed Foods, and Others), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
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| Report ID :FB-3493
| 4.3 Rating
| 82 Reviews
| 200 Pages
| Format :
Report Description
The Argentina food flavor and enhancer market size is expected to register a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the growing efforts by food & beverage producers to use advanced raw ingredients for manufacturing of flavors.
Food flavors are ingredients that are utilized to grant further develop the taste profile of food products. Additionally, flavors help in holding the current taste profile of transient food sources subsequent to handling and protection stages during their manufacturing. Food enhancers are generally utilized in ready-made food products. On account of significant advancements in food enhancers, a wide scope of food products including fish, refreshments, accommodation, and handled food varieties are filled with food enhancers. Most widely recognized food enhancers utilized in food production incorporates MSG, hydrolyzed vegetable proteins, and acidulants.
The COVID-19 pandemic led to the standstill of the manufacturing industry across the globe, which in turn, hampered the food & beverage industry. Even though the relaxations has positively influenced the market growth, the third wave of the pandemic can hamper the market growth.
Market Trends, Drivers, Restraints, and Opportunities
- Rising consumer consciousness toward natural flavor enhancers and food additives and increasing personal disposable income are anticipated to drive the market growth.
- Growing demand for low-fat, low-salt, and low-carbohydrate foods is expected to propel the growth of the market during the forecast period.
- Improving distribution channel, rising health consciousness among people, growing preference for healthy and low-calorie foods are estimated to spur the growth of the market.
- Stringent and strict government norms related to sweeteners that consist of specific chemicals and ingredients can hamper the market growth.
- The volatile prices of raw materials, supply chain disruptions, and side effects on health associated with high consumption of food items with alternative sweeteners can hinder growth of the market.
- The constantly changing quality and regulatory standards related to safeguard of consumer health & safety can create challenges for the market growth.
- Increased technological advancements and growing demand for food products can create lucrative opportunities for the market during the forecast period.
Scope of the Report
The report on the Argentina food flavor and enhancer market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Argentina Food Flavor and Enhancer Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Types (Flavor Enhancers, Natural Flavors, Nature Identical Flavoring, and Synthetic Flavors), Applications (Bakery, Beverage, Confectionery, Dairy Products, Processed Foods, and Others) |
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Country |
Argentina |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Givaudan; Bell Flavors & Fragrances Company; Sensient Technologies Corporation; Corbion Chemicals company; Firmenich Company; and GrupoSaporiti S.A. |
Argentina Food Flavor and Enhancer Market Segment Insights
Natural flavor segment is expected to grow at a rapid pace
On the basis of types, the market is segregated into flavor enhancers, natural flavors, nature identical flavoring, and synthetic flavors. The natural flavors segment is expected to constitute a key share of the market during the projected period. Growing attention on the nutritionally enhanced and natural products is estimated to promote the demand for natural flavors in the market. Natural herbs and spices were previous used only in local food for flavors, which are presently used at a manufacturing level by different companies. Natural flavors are elements that are removed from herbs & spices, vegetables, plants, microbial fermentation, or fruits.
Beverage segment is anticipated to constitute a key market share
In terms of applications, the market is categorized as bakery, beverage, confectionery, dairy products, processed food, and others. The beverage segment is projected to expand at a considerable CAGR during the forecast period. Increase in consumption of beverages that are high in nutrients and support immune system are spurring the market growth. Growing use of progressive methods such as encapsulation technology for manufacturing flavors in order to lessen the general manufacturing time is projected to boost the market growth during the forecast period.
Segments
Segments Covered in the Report
The Argentina food flavor and enhancer market is segmented on the basis of:
Types
- Flavor Enhancers
- Natural Flavors
- Nature Identical Flavoring
- Synthetic Flavors
Applications
- Bakery
- Beverage
- Confectionery
- Dairy Products
- Processed Foods
- Others
Country
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Argentina
Key Players
- Givaudan
- Bell Flavors & Fragrances Company
- Sensient Technologies Corporation
- Corbion Chemicals company
- Firmenich Company
- GrupoSaporiti S.A.
Competitive Landscape
The key players competing in the Argentina food flavor and enhancer market are Givaudan; Bell Flavors & Fragrances Company; Sensient Technologies Corporation; Corbion Chemicals company; Firmenich Company; and GrupoSaporiti S.A.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Food Flavor and Enhancer Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Food Flavor and Enhancer Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Food Flavor and Enhancer Market - Supply Chain
4.5. Global Food Flavor and Enhancer Market Forecast
4.5.1. Food Flavor and Enhancer Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Food Flavor and Enhancer Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Food Flavor and Enhancer Market Absolute $ Opportunity
5. Global Food Flavor and Enhancer Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Food Flavor and Enhancer Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Food Flavor and Enhancer Demand Share Forecast, 2019-2026
6. North America Food Flavor and Enhancer Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Food Flavor and Enhancer Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Food Flavor and Enhancer Demand Share Forecast, 2019-2026
7. Latin America Food Flavor and Enhancer Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Food Flavor and Enhancer Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Food Flavor and Enhancer Demand Share Forecast, 2019-2026
8. Europe Food Flavor and Enhancer Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Food Flavor and Enhancer Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Food Flavor and Enhancer Demand Share Forecast, 2019-2026
9. Asia Pacific Food Flavor and Enhancer Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Food Flavor and Enhancer Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Food Flavor and Enhancer Demand Share Forecast, 2019-2026
10. Middle East & Africa Food Flavor and Enhancer Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Food Flavor and Enhancer Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Food Flavor and Enhancer Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Food Flavor and Enhancer Market: Market Share Analysis
11.2. Food Flavor and Enhancer Distributors and Customers
11.3. Food Flavor and Enhancer Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
Methodology
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