The Africa food flavor market size is anticipated to expand at a significant CAGR during the forecast period 2021–2028. Growth of the market is attributed to increasing population, rapid development in food and beverage sectors, and rising consumption of food with low salt, carbohydrates, and fats.
A food flavor is the physical imprint of other substances. The flavor is mainly identified by chemical senses of smell and taste. The food taste is partial to umami, bitter, salty, sour, sweet, and other tastes. There is no potential limit in the smell of food. Flavors have no nutritional values as they are mainly used to add taste in foods. Synthetic and natural are two types of Flavors. Minor quantity of synthetic and natural ingredients is used to get flavor combinations.
The covid-19 pandemic affected the demand and supply of the food flavor market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
The report on the Africa food flavor market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes | Details |
Report Title | Food Flavor Market- Africa Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year | 2020 |
Historic Data | 2018-2019 |
Forecast Period | 2021-2028 |
Segmentation | Types [Natural Identical Flavor, Natural Flavor, and Synthetic Flavor], Applications [Snack, Beverage, Dairy Product, Bakery, Confectionery, and Other Applications] |
Regional Scope | Africa [Northern Africa, West Africa, Middle Africa, East Africa, and Southern Africa] |
Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players covered in the Report | Firmenich, Koninklijke DSM N.V., Givaudan, Kerry Group PLC, Corbion Purac, Teubes oils out of Africa, and International Flavors and Fragrances Inc. |
The snack segment accounts for a key share of the market
Based on applications, the Africa food flavor market is fragmented into snack, beverage, dairy product, bakery, confectionery, and other applications. The snack segment is estimated to grow at a rapid pace. Growth of the market is attributed to rapid development in food and beverage sectors, growing purchasing power of consumer, and improved economic stability. However, the beverage segment is anticipated to expand at a rapid pace during the forecast period due to factors such as improved standard of living, increasing consumption of prepared food, and increase in flavor requirement from fast food industry.
The natural flavor segment accounts for a key share of the market
On the basis of types, the Africa food flavor market is segregated into natural identical flavor, natural flavor, and synthetic flavor. The natural flavor segment accounts for a key share of the market. Growth of the market is attributed to increasing population, and rising awareness about healthy diet. However, the synthetic flavor segment is anticipated to expand at a rapid pace during the forecast period due to factors such as improved standard of living, rise in demand for unique flavors in various food applications, and increasing demand for ready-made food products associated with interesting flavors.
Geographical outlook
The Africa food flavor market is anticipated to expand at a significant CAGR during the forecast period due to modernization and globalization it has changed the eating habits and increased consumption of food with low salt, carbohydrates, and fats among people. Growth of the market is attributed to increasing use of food flavors in fast food sectors, rising working population, and increasing purchasing power of consumers.
The market of Africa is one of the major import hubs for the food flavors due to factors such as improved economic stability, changing consumer preference towards low-fat savory snacks, increasing demand for savory snacks among diabetes patients, and rapid urbanization.
Key players competing in the Africa food flavor market include Firmenich, Koninklijke DSM N.V., Givaudan, Kerry Group PLC, Corbion Purac, Teubes oils out of Africa, and International Flavors and Fragrances Inc.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and generate revenue and raise their production line of the business in the coming years.
Key players competing in the Africa food flavor market include Firmenich, Koninklijke DSM N.V., Givaudan, Kerry Group PLC, Corbion Purac, Teubes oils out of Africa, and International Flavors and Fragrances Inc.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and generate revenue and raise their production line of the business in the coming years.
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