South Africa Food Flavor and Enhancer Market

South Africa Food Flavor and Enhancer Market by 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) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: FB-1635
  • Author: Growth Market Reports
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  • No. Of Pages: 213
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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.

South Africa Food Flavor and Enhancer Market

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.

Attributes

Details

Report Title

South Africa Food Flavor and Enhancer Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

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)

Geography

South Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Kerry Group; Givaudan; Firmenich; Koninklijke DSM N.V; and International Flavor & Fragrances

 

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.

South Africa Food Flavor and Enhancer Market

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.

South Africa Food Flavor and Enhancer Market

1. Executive Summary
2. 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)
     11.4.1. Kerry Group Givaudan Firmenich Koninklijke DSM N.V International Flavor & Fragrances

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

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.

South Africa Food Flavor and Enhancer Market

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