Africa Food Flavor Market by Types [Natural Identical Flavor, Natural Flavor, and Synthetic Flavor], Applications [Snack, Beverage, Dairy Product, Bakery, Confectionery, and Other Applications], and Region [Africa] –Industry Analysis, Growth, Shares, Size, Trends, and Forecast 2021 – 2028
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.
Market Trends, Drivers, Restraints, and Opportunities
- Rising demand for packaged and convenience foods is projected to boost the market.
- Increased use of flavors in food and beverages sector is the major factors fueling the market.
- Strict regulations on the production are projected to restrict the market expansion during the forecast period.
- High cost of production and limited availability of product is projected to hamper the market growth.
- R&D investment and technological advancement in food flavor market is projected to offer lucrative opportunities for the market players.
Scope of the Report
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.
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Attributes |
Details |
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Report Title |
Food Flavor Market- Africa 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 [Natural Identical Flavor, Natural Flavor, and Synthetic Flavor], Applications [Snack, Beverage, Dairy Product, Bakery, Confectionery, and Other Applications] |
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Regional Scope |
Africa [Northern Africa, West Africa, Middle Africa, East Africa, and Southern Africa] |
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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 |
Firmenich, Koninklijke DSM N.V., Givaudan, Kerry Group PLC, Corbion Purac, Teubes oils out of Africa, and International Flavors and Fragrances Inc. |
Market Segment Insights
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.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Food Flavor 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 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 Market - Supply Chain
4.5. Global Food Flavor Market Forecast
4.5.1. Food Flavor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Food Flavor Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Food Flavor Market Absolute $ Opportunity
5. Global Food Flavor Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Food Flavor Market Size and Volume Forecast by Types
5.3.1. Natural Identical Flavor
5.3.2. Natural Flavor
5.3.3. Synthetic Flavor
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Food Flavor Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Food Flavor Market Size and Volume Forecast by Applications
6.3.1. Snack
6.3.2. Beverage
6.3.3. Dairy Product
6.3.4. Bakery
6.3.5. Confectionery
6.3.6. Other Applications
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Food Flavor Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Food Flavor Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Food Flavor Demand Share Forecast, 2019-2026
8. North America Food Flavor 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
8.2. North America Food Flavor Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Food Flavor Market Size and Volume Forecast by Types
8.4.1. Natural Identical Flavor
8.4.2. Natural Flavor
8.4.3. Synthetic Flavor
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Food Flavor Market Size and Volume Forecast by Applications
8.7.1. Snack
8.7.2. Beverage
8.7.3. Dairy Product
8.7.4. Bakery
8.7.5. Confectionery
8.7.6. Other Applications
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Food Flavor Demand Share Forecast, 2019-2026
9. Latin America Food Flavor 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. Latin America Average Pricing Analysis
9.2. Latin America Food Flavor Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Food Flavor Market Size and Volume Forecast by Types
9.4.1. Natural Identical Flavor
9.4.2. Natural Flavor
9.4.3. Synthetic Flavor
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Food Flavor Market Size and Volume Forecast by Applications
9.7.1. Snack
9.7.2. Beverage
9.7.3. Dairy Product
9.7.4. Bakery
9.7.5. Confectionery
9.7.6. Other Applications
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Food Flavor Demand Share Forecast, 2019-2026
10. Europe Food Flavor 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. Europe Average Pricing Analysis
10.2. Europe Food Flavor Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Food Flavor Market Size and Volume Forecast by Types
10.4.1. Natural Identical Flavor
10.4.2. Natural Flavor
10.4.3. Synthetic Flavor
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Food Flavor Market Size and Volume Forecast by Applications
10.7.1. Snack
10.7.2. Beverage
10.7.3. Dairy Product
10.7.4. Bakery
10.7.5. Confectionery
10.7.6. Other Applications
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Food Flavor Demand Share Forecast, 2019-2026
11. Asia Pacific Food Flavor Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Food Flavor Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Food Flavor Market Size and Volume Forecast by Types
11.4.1. Natural Identical Flavor
11.4.2. Natural Flavor
11.4.3. Synthetic Flavor
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Food Flavor Market Size and Volume Forecast by Applications
11.7.1. Snack
11.7.2. Beverage
11.7.3. Dairy Product
11.7.4. Bakery
11.7.5. Confectionery
11.7.6. Other Applications
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Food Flavor Demand Share Forecast, 2019-2026
12. Middle East & Africa Food Flavor Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Food Flavor Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Food Flavor Market Size and Volume Forecast by Types
12.4.1. Natural Identical Flavor
12.4.2. Natural Flavor
12.4.3. Synthetic Flavor
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Food Flavor Market Size and Volume Forecast by Applications
12.7.1. Snack
12.7.2. Beverage
12.7.3. Dairy Product
12.7.4. Bakery
12.7.5. Confectionery
12.7.6. Other Applications
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Food Flavor Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Food Flavor Market: Market Share Analysis
13.2. Food Flavor Distributors and Customers
13.3. Food Flavor Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Firmenich
13.4.2. Koninklijke DSM N.V.
13.4.3. Givaudan
13.4.4. Kerry Group PLC
13.4.5. Corbion Purac
13.4.6.
The Africa food flavor market has been segmented on the basis of
Types
- Natural Identical Flavor
- Natural Flavor
- Synthetic Flavor
- Snack
- Beverage
- Dairy Product
- Bakery
- Confectionery
- Other Applications
- Africa
- Firmenich
- Koninklijke DSM N.V.
- Givaudan
- Kerry Group PLC
- Corbion Purac
- Teubes oils out of Africa
- International Flavors and Fragrances Inc.
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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