(Food-Beverage-News.Com, April 25, 2017 ) Market Data Forecast recently published a report on the Middle-East and Africa Food Flavors Market which estimates the market to grow from $1.02 billion from 2016 to $1.34 billion with a CAGR of 5.60% in the forecast period 2016-2021.
Flavors are variants of food additives added to food and beverages to make products delicious and more appealing. Flavors can be broadly distinguished as natural and synthetic flavors, where natural flavors are produced from edible substances such as fruits, vegetables, leaves while synthetic flavors are prepared by the mixture of volatile chemicals.
Food flavors are made of three components taste, smell and color. Food and beverage industries require flavor for different purposes such as new product development, to add new product line and to change the taste of existing products.
Middle-East and Africa region is mainly growing in the market due to high penetration of global market players into the untapped regions. The driving factors for the growth of this market are rise in demand for wellness and growth food products, recent technological advancements, rampant urbanization, and increase in the disposable income. Also awareness among the people regarding nutritional needs and interest in new delicacies has also impacted the growth of the market.
The Food Flavor products are based on different type, origin and application. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well.
Market Segmentation By Type. • Chocolate. • Vanilla. • Fruits and Nuts.
Geographically the market is segmented into Middle-East and Africa. Also, increased consumption of fitness and wellness flavor solutions is also driving the market in these regions. Kerry Group, Givaudan, Firmenich, Sensient Technologies Corporation, Symrise AG, Frutarom Industries, Archer Daniels Midland Company, DohlerGroup, AGRANA Group, SVZ International B.V. and SunOpta, Inc. are the major players of Middle-East and Africa Food Flavors market.. Scope of the Middle-East and Africa Food Flavors Market: • Regional and country-level analysis that provides an innate perspective of Middle-East and African regional Markets. • To detect major focus areas of industrial growth Segment-level analysis on basis of type, products, application and end-user along with market size forecasts and y-o-y estimations are provided • Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics • PESTLE and Porter’s Five Forces Analyses that examine the macro & micro environmental factors such as political influence, technological prowess, industry rivalry to name a few. • An extensive listing of major market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment • mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies all rolled out into Competitive landscape • Expertly devised Market Outlook comprising the Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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