Analysis - by Type (Sweet, Salt, Fat, Bitter, and Others) and Application (Bakery and Confectionery; Dairy and Frozen Desserts; Beverages; Meat, Poultry, and Seafood; Meat Substitutes; Dairy Alternatives; RTE and RTC Meals; and Others)
No. of Pages:
97
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Report Code:
BMIRE00029943
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Category:
Food and Beverages
The Middle East & Africa flavor masking agents for food and beverages market was valued at US$ 6.73 million in 2022 and is expected to reach US$ 9.79 million by 2030; it is estimated to record a CAGR of 4.8% from 2022 to 2030.
Rising Use of Flavor Masking Agents in Plant-Based Products Drive Middle East & Africa Flavor Masking Agents for Food and Beverages Market
Consumers are highly inclined toward plant-based foods and beverages as they perceive them as healthier than conventional items. The global proliferation of veganism among people propels the consumption of plant-based products. Plant protein is added to plant-based products, including meat substitutes and dairy alternatives, to fulfill the nutritional requirements. Pea protein is a popular choice of plant protein in meat alternatives due to its high protein content, low saturated fat, and high fiber content. Plant proteins such as pea, soy, almonds, and other ingredients give the end product beany, bitter, cardboardy, and chalky tastes. There might also be unpleasant perceptions around aroma, astringency, and mouthfeel. Kerry Group, Synergy Flavors, and Glanbia are among the well-established brands offering flavor masking agents for plant-based products. Flavor masking agents are highly used in plant-based products to give the desired flavor and taste. Thus, increasing demand for plant-based products among consumers owing to their associated health benefits is expected to create lucrative opportunities for the flavor masking agents in the food & beverages market during the forecast period.
Middle East & Africa Flavor Masking Agents for Food and Beverages Market Overview
The Middle East & Africa flavor masking agents for food and beverages market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. Upsurging demand for meat substitutes and dairy alternatives fuels the need for flavor masking agents in the region. The agents help to mask any inherent off-notes or unfamiliar flavors in ingredients such as plant protein, vitamins and minerals, and amino acids, enabling manufacturers to create meat substitutes and dairy alternative products with palatable taste that are appealing to consumers. A plant-based diet gains popularity in the Middle East & Africa owing to rising health and environmental concerns among consumers. According to EcoMENA, the Gulf News highlighted the 250% increase in vegan options in supermarkets across the Middle East & Africa in 2021. Flavor masking agents play a critical role in ensuring that these products meet the dietary requirements along with maintaining a delightful sensory experience. By masking the taste of certain plant-based ingredients, manufacturers can make these products appealing to a broader range of consumers, including those transitioning to or exploring plant-based diets. In addition, flavor masking agents enable the development of flavorful, plant-based options that cater to the region's diverse population and evolving dietary preferences. Thus, the growing popularity of plant-based food products drives the Middle East & Africa flavor masking agents for food and beverages market growth.
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Middle East & Africa Flavor Masking Agents for Food and Beverages Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Flavor Masking Agents for Food and Beverages Market Segmentation
The Middle East & Africa flavor masking agents for food and beverages market is segmented based on type, application, and country.
Based on type, the Middle East & Africa flavor masking agents for food and beverages market is segmented into sweet, salt, fat, bitter, and others. The bitter segment held the largest share in 2022.
By application, the Middle East & Africa flavor masking agents for food and beverages market is segmented into bakery and confectionery; dairy and frozen desserts; beverages; meat, poultry, and seafood; meat substitutes; dairy alternatives; RTE and RTC meals; and others. The beverages segment held the largest share in 2022.
Based on country, the Middle East & Africa flavor masking agents for food and beverages market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the Middle East & Africa flavor masking agents for food and beverages market in 2022.
Archer-Daniels-Midland Co, Firmenich International SA, Kerry Group Plc, Koninklijke DSM NV, Sensient Technologies Corp, Tate & Lyle Plc, and Virginia Dare Extract Co Inc are some of the leading companies operating in the Middle East & Africa flavor masking agents for food and beverages market.
Middle East & Africa Flavor Masking Agents for Food and Beverages Strategic Insights
Strategic insights for the Middle East & Africa Flavor Masking Agents for Food and Beverages 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.
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Middle East & Africa Flavor Masking Agents for Food and Beverages Report Scope
Report Attribute
Details
Market size in 2022
US$ 6.73 Million
Market Size by 2030
US$ 9.79 Million
Global CAGR (2022 - 2030)
4.8%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Type
Sweet
Salt
Fat
Bitter
By Application
Bakery and Confectionery
Dairy and Frozen Desserts
Beverages
Meat
Poultry
Seafood
Meat Substitutes
Dairy Alternatives
RTE and RTC Meals
Regions and Countries Covered
Middle East and Africa
South Africa
Saudi Arabia
UAE
Rest of Middle East and Africa
Market leaders and key company profiles
Archer-Daniels-Midland Co
Firmenich International SA
Kerry Group Plc
Koninklijke DSM NV
Sensient Technologies Corp
Tate & Lyle Plc
Virginia Dare Extract Co Inc
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Middle East & Africa Flavor Masking Agents for Food and Beverages Regional Insights
The geographic scope of the Middle East & Africa Flavor Masking Agents for Food and Beverages 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.
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Identical Market Reports with other Region/Countries
The List of Companies - Middle East & Africa Flavor Masking Agents for Food and Beverages Market
1. Archer-Daniels-Midland Co
2. Firmenich International SA
3. Kerry Group Plc
4. Koninklijke DSM NV
5. Sensient Technologies Corp
6. Tate & Lyle Plc
7. Virginia Dare Extract Co Inc
Frequently Asked Questions
How big is the Middle East & Africa Flavor Masking Agents for Food and Beverages Market?
The Middle East & Africa Flavor Masking Agents for Food and Beverages Market is valued at US$ 6.73 Million in 2022, it is projected to reach US$ 9.79 Million by 2030.
What is the CAGR for Middle East & Africa Flavor Masking Agents for Food and Beverages Market by (2022 - 2030)?
As per our report Middle East & Africa Flavor Masking Agents for Food and Beverages Market, the market size is valued at US$ 6.73 Million in 2022, projecting it to reach US$ 9.79 Million by 2030. This translates to a CAGR of approximately 4.8% during the forecast period.
What segments are covered in this report?
The Middle East & Africa Flavor Masking Agents for Food and Beverages Market report typically cover these key segments-
Type (Sweet, Salt, Fat, Bitter)
Application (Bakery and Confectionery, Dairy and Frozen Desserts, Beverages, Meat, Poultry, Seafood, Meat Substitutes, Dairy Alternatives, RTE and RTC Meals ,)
What is the historic period, base year, and forecast period taken for Middle East & Africa Flavor Masking Agents for Food and Beverages Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Flavor Masking Agents for Food and Beverages Market report:
Historic Period : 2020-2021
Base Year : 2022
Forecast Period : 2023-2030
Who are the major players in Middle East & Africa Flavor Masking Agents for Food and Beverages Market?
The Middle East & Africa Flavor Masking Agents for Food and Beverages Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Archer-Daniels-Midland Co
Firmenich International SA
Kerry Group Plc
Koninklijke DSM NV
Sensient Technologies Corp
Tate & Lyle Plc
Virginia Dare Extract Co Inc
Who should buy this report?
The Middle East & Africa Flavor Masking Agents for Food and Beverages Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the Middle East & Africa Flavor Masking Agents for Food and Beverages Market value chain can benefit from the information contained in a comprehensive market report.
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WHAT'S INCLUDED IN FULL REPORT : Market Dynamics,
Competitive Analysis and Assessment, Define Business Strategies, Market Outlook and
Trends, Market Size and Share Analysis, Growth Driving Factors, Future Commercial
Potential, Identify Regional Growth Engines