The South Africa food flavor and enhancer market size is expected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the development of the food industry which has driven the demand for flavor enhancers that improve the taste and aroma of food.
Flavor enhancers are substances that enhance the taste of food without imparting its characteristic aroma. It is widely used in the food industry, especially for processed and semi-finished food, beverages, meat, and fish products. Monosodium Glutamate is one of the most commonly used flavor enhancers in the food industry. Other common flavor enhancers are sour agents, hydrolyzed vegetable protein, and yeast extract.
Rapid growth in urbanization and increasing stress and busy lifestyle has shown demand for convenience foods and processed foods, which has a direct impact on the use of flavor enhancers in these foods. Rapid growth of health-conscious population has driven the demand for low-fat, low-carbohydrate, low-sugar, and low-salt foods, leading to an increasing demand for flavor enhancers in the global food and beverage industry.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing consumption of processed food is expected to boost the market during the forecast period.
- Rapid growth of the food & beverage industry due to rising demand in convenience food and flavored beverages is major factors fueling the market.
- Increasing health awareness by consumers demand for natural flavor is anticipated to drive the market during the forecast period.
- Strict laws by government on application of food flavors in food and beverage is projected to hamper the market growth.
- Increasing awareness among consumers about health effects due to excess consumption of food flavors and enhancers act as major factors that can restrict the market growth during the forecast period.
- R&D investment and development of natural flavors and rapid growth in food & beverage industry is expected to offer significant opportunities for the market players.
Scope of the Report
The report on the South Africa 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
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Details
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Report Title
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South Africa Food Flavor and Enhancer Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Flavors [Natural Flavors, Nature-identical Flavors, and Synthetic Flavors], and Flavor Enhancers), and Applications (Dairy, Bakery, Soups & Sauces, Beverages, Confectionary, Savory Snacks, and Others)
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Geography
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South Africa
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Report Coverage
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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
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Kerry Group; Givaudan; Firmenich; Koninklijke DSM N.V; and International Flavor & Fragrances
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Market Segment Insights
The natural flavors segment is projected to hold a major market share
On the basis of types, the food flavor and enhancer market is bifurcated into flavors and flavor enhancers. The flavors segment is further segregated into natural flavors, nature-identical flavors, and synthetic flavors. The natural flavor segment is expected to represent a key share of the market during the forecast period owing to rising demand for healthy foods and awareness related to the consumption of synthetic flavors. Young consumers promote the trend of more natural and organic flavors by reading labels and interested in finding the source of ingredients. Manufacturers continue to develop more natural formulas and brands because they understand that consumers are willing to pay high prices for their products that are natural and environment friendly.
The beverages segment is expected to grow at a rapid pace
Based on applications, the food flavor and enhancer market is divided into dairy, bakery, soups & sauces, beverages, confectionary, savory snacks, and others. The beverages segment is expected to represent a key share of the market during the forecast period owing to food flavors applications in alcoholic beverages, sodas, coffee and tea, energy drinks, flavored waters, fruit drinks, and sports drinks. New innovations in functional and flavored beverages have attracted health-conscious consumers because beverage companies use healthy ingredients, which consumers believe are beneficial due to safety concerns about flavorings.
Segments
Segments Covered in the Report
The South Africa food flavors and enhancer market has been segmented on the basis of
Types
- Flavors
- Natural Flavors
- Nature-identical Flavors
- Synthetic Flavors
- Flavor Enhancers
Applications
- Dairy
- Bakery
- Soups & Sauces
- Beverages
- Confectionary
- Savory Snacks
- Others
Key Players
- Kerry Group
- Givaudan
- Firmenich
- Koninklijke DSM N.V
- International Flavor & Fragrances
Competitive Landscape
Key players competing in the food flavors and enhancer market include Kerry Group; Givaudan; Firmenich; Koninklijke DSM N.V; and International Flavor & Fragrances.
Some of these players are using several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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