South America Flavor Masking Agents Market
No. of Pages: 115 | Report Code: TIPRE00023587 | Category: Food and Beverages
No. of Pages: 115 | Report Code: TIPRE00023587 | Category: Food and Beverages
Middle East & Africa region comprises of countries such as South Africa, UAE, Saudi Arabia, and others. This region is witnessing a shift in the socio-economic condition, lifestyle changes, consumption patterns, health patters in the past four decades. This shift has occurred due to the increase in income owing to swelled oil revenues. Rapid urbanization and increasing demand for nutritional food products are the key factors favoring the growth of flavor masking agents market across the region. Consumers are heavily demanding for protein-infused food and beverages to increase the protein intake. This is due to growing importance of protein in daily diet. Manufacturers are incorporating plant-based proteins such as soy protein in various food products such as bakery goods, confectionery products, frozen desserts, etc. These proteins develop a specific off flavor which needs to be masked with certain agents. Therefore, manufacturers highly adopt flavor masking agents to eliminate the unpleasant flavor in protein-infused food products. The consumption of packaged food products in the Middle East and Africa is increasing rapidly owing to lifestyle and dietary changes. Moreover, there is a high consumption of meat and dairy products in this region. There has been a high demand for flavor masking agents from the meat producers and food & beverages industry which is the key factor driving the market growth in the region.
South Africa has the highest COVID-19 cases in the Middle East and Africa region, and is followed by Saudi Arabia and UAE, among others. UAE was the first country in the Middle East and Africa to report a confirmed case of coronavirus. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The food and beverages industry is one of the major industries that is suffering serious disruptions such as supply chain breaks, technology events cancellations, office shutdowns, etc., as a result of this outbreak. Various companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the travel bans imposed by countries are affecting business collaborations and partnership opportunities. All these factors are anticipated to affect the food and beverages industry in a negative manner and thus act as a restraining factor for the growth of various markets related to this industry in the coming months.
Strategic insights for the South America Flavor Masking Agents provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 12.48 Million |
| Market Size by 2028 | US$ 15.13 Million |
| Global CAGR (2021 - 2028) | 2.8% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South America Flavor Masking Agents refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The flavor masking agents market in Middle East & Africa is expected to grow to US$ 15.13 million by 2028 from US$ 12.48 million in 2021. The market is estimated to grow at a CAGR of 2.8% from 2021 to 2028. The Middle East & Africa flavor masking agents market is experiencing a considerable increase in value as a result of increased consumer emphasis on adopting a healthier lifestyle. The growth is attributed to increasing consumer preferences for healthy eating, trend towards natural & organic foods, and the growing demand for convenience food. An ergogenic diet is in demand as exercise and a healthy lifestyle are common worldwide. Protein shakes, electrolyte-rich beverages, and other sports nutrition items usually have a bitter and unpleasant flavor. Increased consumption of sports nutrition due to rising disposable income is anticipated to drive the demand for flavor masking agents. Owing to increasing pressure and competitiveness in sports, as well as rising disposable income, an ergogenic diet is in high demand. Some of the most common sports drinks are basically electrolyte-rich flavored water. Since sweating during exercise may cause dehydration and electrolyte imbalances, fluids aid in adjusting blood volume while providing essential salts and decreasing core body temperature. These drinks come in a variety of fruit flavors that mask the taste of electrolytes and add a burst of flavor to a mundane water-based beverage. Acidification of the substance with acidulants such as citric acid, acetic acid, or maleic acid is a popular approach to dealing with bitterness and off-notes. These products are then flavored with citrus fruit flavors to balance out the acidity. Protein supplements are another common nutritional commodity among bodybuilders. Protein powders in the form of concentrates, isolates, and hydrolysates are stored by fitness enthusiasts. The bitter taste of protein supplements is the main issue. Masking is usually accomplished by adding a strong flavor that overrides the bitter notes or by combining compounds that block taste receptors and prevent bitter compounds from binding. Bitterness has been successfully reduced in many products using flavor masking agents such as acetate and gluconate in conjunction with L-arginine. Several companies have succeeded in launching targeted protein products that have received positive feedback for their flavors. Hence, the increase in demand for natural ingredients and additives, along with new product developments, is strongly complementing the growth of flavor masking agent market.
Middle East & Africa flavor masking agents market is segmented based on type and application. The Middle East & Africa flavor masking agents market based on type is segmented into sweet flavor, salt flavor, fat flavor, bitter flavor, and others. Bitter flavor segment accounted for the highest share in the market in 2020 is expected to be fastest growing during forecast period. Based on application, the market is segmented into food & beverages, pharmaceuticals and nutraceuticals, and others. The food & beverages segment accounted for the highest share in 2020 and pharmaceuticals and nutraceuticals segment is expected to be the fastest growing during forecast period. Further, food & beverages segment is bifurcated into the dairy & frozen dessert, bakery and confectionery, beverages, meat poultry and seafood, and others. The beverages segment dominated the market in 2020 and dairy & frozen dessert segment is expected to be the fastest growing during the forecast period.
A few major primary and secondary sources referred to for preparing this report on flavor masking agents market in Middle East & Africa are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Archer Daniels Midland Company; Cargill, Incorporated; Carmi Flavor And Fragrance Co. Inc.; Geo Specialty Chemicals; Keva Flavors Pvt. Ltd; Sensient Technologies Corporation; Symrise Ag’ and Roquette Freres among others.
The South America Flavor Masking Agents Market is valued at US$ 12.48 Million in 2021, it is projected to reach US$ 15.13 Million by 2028.
As per our report South America Flavor Masking Agents Market, the market size is valued at US$ 12.48 Million in 2021, projecting it to reach US$ 15.13 Million by 2028. This translates to a CAGR of approximately 2.8% during the forecast period.
The South America Flavor Masking Agents Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Flavor Masking Agents Market report:
The South America Flavor Masking Agents Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Flavor Masking Agents Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Flavor Masking Agents Market value chain can benefit from the information contained in a comprehensive market report.
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