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Middle East and Africa Flavor Masking Agents Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Sweet Flavor, Salt Flavor, Fat Flavor, Bitter Flavor, and Others) and Application (Food and Beverages, Pharmaceuticals and Nutraceuticals, and Others)

Code: TIPRE00023571 | Pages: 113 | Industry: Food and Beverages | Date: Jul 2021
Covid

Market Introduction

South America region comprises of various developing countries such as Brazil, Argentina, and rest of South America. The food processing and agricultural sector in this region are the major contributors to the economic development. Many leading manufacturers of food and beverages operate in this region. South America offers lucrative opportunities for the manufacturers of flavor masking agents owing to rapid development of food and beverage sector in the region. Moreover, there has been high consumption and production of meat products in this region. Flavor masking agents are used to overcome the unpleasant and undesirable flavor of raw meat such as beef, pork, and chicken. Thus, meat producers profoundly demand for flavor masking agents to increase its palatability. Thus, rising demand for flavor masking agents from the meat producers and manufacturers of food and beverages in this region is expected to drive the market growth over the forecast period. Moreover, countries in this region such as Brazil is one of the largest producers of soybean and soy-based products. Flavor masking agents are widely used to mask the off flavor of soy protein in soy food products. This factor is expected to surge the demand for flavor masking agents in South America in the forthcoming years.

Brazil has the highest number of COVID-19 cases, followed by Argentina, Peru, Chile, and Ecuador among others. The government of South America has taken an array of actions to protect their citizens and contain COVID-19’s spread. It is anticipated that South America will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the U.S, which are important trade partners. Containment measures in several countries of South America have reduced economic activity in the foods and beverages sector for at least the next quarter, with a rebound once the epidemic is contained.




Market Overview and Dynamics

The flavor masking agents market in South America is expected to grow to US$ 33.61 million by 2028 from US$ 22.50 million in 2021. The market is estimated to grow at a CAGR of 5.9% from 2021 to 2028. Flavor masking agents are used in multiple products through various techniques and technologies, such as organoleptic methods, polymer coating, hot-melt extrusion, microencapsulation, complexation, and spray-drying. Microencapsulation is a relatively new technology in which the flavor content is encapsulated in a solid matrix, but the flavor is released when the substance is exposed to water or heated. Spray drying, co-acervation, polymerization, and other techniques are used in microencapsulation. For instance, numerous taste-masking technologies are available, and they are used in the pharmaceutical industry, with new platforms being researched and produced on a regular basis. The technology used is primarily determined by the physical and chemical properties of the drug material, as well as the desired final dosage form. Advances in taste-masking technologies such as microencapsulation and organoleptic methods in recent years have allowed the pharmaceutical industry to provide commercial products with improved patient acceptability and compliance, especially in pediatric and geriatric populations, and increased convenience for patients on the go. For instance, SPI Pharma has developed a gelatin coacervation method as a novel approach to Active Pharmaceutical Ingredients (API) taste masking. The gelatin coating acts as an excellent taste-masking agent, and the resulting hydrogel film around the particle offers a pleasant mouthfeel with a smooth sensation and enhanced swallowability. Interest in acetaminophen and ibuprofen taste masking with coacervated gelatin has grown substantially, and more products are expected for release in the next one to two years across the world. In addition, Colorcon is collaborating with BASF on the application of Kollicoat Smartseal—a new reverse enteric polymer, which is highly stable in saliva and soluble in gastric juice. Colorcon is testing it in a film-coating system to simplify and accelerate coating operations, as well as to provide new options for taste masking of drug particles and granules. More businesses are relying on taste-masking expertise to supplement their product portfolios for oral dosage forms. Hence, the advancements in pharmaceutical industry will stimulate the growth opportunities in flavor masking agents.

Key Market Segments

South America flavor masking agents market is segmented based on type and application. The South America 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 confecitonery, 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.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on flavor masking agents market in South America 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; DSM Corporation; Sensient Technologies Corporation; Symrise Ag; and Roquette Freres among others.

Reasons to buy report

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South America  flavor masking agents market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in South America  flavor masking agents market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth South America  market trends and outlook coupled with the factors driving the flavor masking agents market as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution  

 SOUTH AMERICA FLAVOR MASKING AGENTS MARKET SEGMENTATION

South America Flavor Masking Agents Market By Type

  • Sweet Flavor
  • Salt Flavor
  • Fat Flavor
  • Bitter Flavor
  • Others

South America Flavor Masking Agents MarketBy Application

  • Food & Beverages
    • Dairy & Frozen Dessert
    • Bakery and Confectionery
    • Beverages
    • Meat Poultry and Seafood
    • Others
  • Pharmaceuticals and Nutraceuticals
  • Others

South America Flavor Masking Agents Market – By Country

  • Brazil
  • Argentina
  • Rest of South America

 

South America Flavor Flavor Masking Agents Market Company Profiles

  • Carmi Flavor & Fragrance Co., Inc.           
  • Cargill, Incorporated                                  
  • GEO Specialty Chemicals, Inc.                   
  • Roquette Frères                                        
  • DSM Corporation                                         
  • Symrise Ag                                                         
  • Sensient Technologies Corporation         
  • Archer Daniels Midland Company  

1.          Introduction

1.1        Study Scope

1.2        The Insight Partners Research Report Guidance

1.3        Market Segmentation

2.          Key Takeaways

3.          Research Methodology

3.1        Scope of the Study

3.2        Research Methodology

3.2.1        Data Collection

3.2.2        Primary Interviews

3.2.3        Hypothesis Formulation

3.2.4        Macro-economic Factor Analysis

3.2.5        Developing Base Number

3.2.6        Data Triangulation

3.2.7        Country Level Data

4.          Middle East and Africa Flavor Masking Agents Market Landscape

4.1        Market Overview

4.2        PEST Analysis

4.3        Expert Opinion

5.          Flavor Masking Agents Market – Key Market Dynamics

5.1        Market Drivers

5.1.1        Increasing Use of Flavor Masking Agents in Diversified Applications

5.1.2        Technological Expansion in Pharmaceutical Industry

5.2        Market Restraints

5.2.1        Raising Demand of Clean Label Products

5.3        Market Opportunities

5.3.1        Up-surging Use of Biotechnology for Making Flavor Masking Agents

5.4        Future Trends

5.4.1        Gearing Inclination of Consumers Toward Natural Additives and Ingredients

5.5        Impact Analysis of Drivers and Restraints

6.          Middle East & Africa Flavor Masking Agents – Market Analysis

6.1        Flavor Masking Agents Market Overview

6.1.1        Middle East and Africa: Flavor Masking Agents Market –Revenue, and Forecast to 2028 (USD Million)

7.          Middle East & Africa Flavor Masking Agents Market Analysis – By Type Overview

7.1        Middle East and Africa: Flavor Masking Agents Market, by Product Type

7.2        Sweet Flavor

7.2.1        Overview

7.2.2        Sweet Flavor: Flavor Masking Agents Market – Revenue and Forecast to 2028 (USD Million)

7.3        Salt Flavor

7.3.1        Overview

7.3.2        Salt Flavor: Flavor Masking Agents Market – Revenue and Forecast to 2028 (USD Million)

7.4        Bitter Flavor

7.4.1        Overview

7.4.2        Bitter Flavor: Flavor Masking Agents Market – Revenue and Forecast to 2028 (USD Million)

7.5        Fat Flavor

7.5.1        Overview

7.5.2        Fat Flavor: Flavor Masking Agents Market – Revenue and Forecast to 2028 (USD Million)

7.6        Others

7.6.1        Overview

7.6.2        Others: Flavor Masking Agents Market – Revenue and Forecast to 2028 (USD Million)

8.          Middle East & Africa Flavor Masking Agents Market Analysis – By Application

8.1        Overview

8.1.1        Middle East and Africa: Flavor Masking Agents Market, by Application

8.2        Food & Beverages

8.2.1        Overview

8.2.2        Food & Beverages: Flavor Masking Agents Market – Revenue and Forecast to 2028 (USD Million)

8.2.2.1          Dairy and Frozen Dessert

8.2.2.1.1          Overview

8.2.2.1.2          Dairy and Frozen Dessert: Flavor Masking Agents Market – Revenue and Forecast to 2028 (USD Million)

8.2.2.2          Bakery and Confectionery

8.2.2.2.1          Overview

8.2.2.2.2          Bakery and Confectionery: Flavor Masking Agents Market – Revenue and Forecast to 2028 (USD Million)

8.2.2.3          Beverages

8.2.2.3.1          Overview

8.2.2.3.2          Beverages: Flavor Masking Agents Market – Revenue and Forecast to 2028 (USD Million)

8.2.2.4          Meat, Poultry, and Seafood

8.2.2.4.1          Overview

8.2.2.4.2          Meat, Poultry, and Seafood: Flavor Masking Agents Market – Revenue and Forecast to 2028 (USD Million)

8.2.2.5          Others

8.2.2.5.1          Overview

8.2.2.5.2          Others: Flavor Masking Agents Market – Revenue and Forecast to 2028 (USD Million)

8.3        Pharmaceuticals and Nutraceuticals

8.3.1        Overview

8.3.2        Pharmaceuticals and Nutraceuticals: Flavor Masking Agents Market – Revenue and Forecast to 2028 (USD Million)

8.4        Others

8.4.1        Overview

8.4.2        Others: Flavor Masking Agents Market – Revenue and Forecast to 2028 (USD Million)

9.          Middle East & Africa Flavor Masking Agents Market – Country Analysis

9.1        Overview

9.1.1        Middle East and Africa: Flavor Masking Agents Market, by Key Country

9.1.1.1          South Africa: Flavor Masking Agents Market – Revenue, and Forecast to 2028 (USD Million)

9.1.1.1.1          South Africa: Flavor Masking Agents Market, by Product Type

9.1.1.1.2          South Africa: Flavor Masking Agents Market, by Application

9.1.1.2          Saudi Arabia: Flavor Masking Agents Market – Revenue, and Forecast to 2028 (USD Million)

9.1.1.2.1          Saudi Arabia: Flavor Masking Agents Market, by Product Type

9.1.1.2.2          Saudi Arabia: Flavor Masking Agents Market, by Application

9.1.1.3          UAE: Flavor Masking Agents Market – Revenue, and Forecast to 2028 (USD Million)

9.1.1.3.1          UAE: Flavor Masking Agents Market, by Product Type

9.1.1.3.2          UAE: Flavor Masking Agents Market, by Application

9.1.1.4          Rest of Middle East and Africa: Flavor Masking Agents Market – Revenue, and Forecast to 2028 (USD Million)

9.1.1.4.1          Rest of Middle East and Africa: Flavor Masking Agents Market, by Product Type

9.1.1.4.2          Rest of Middle East and Africa: Flavor Masking Agents Market, by Application

10.       Overview- Impact of Coronavirus Outbreak on Middle East & Africa Flavor Masking Agents Market

10.1      Overview

11.       Industry Landscape

11.1      Overview

11.2      Mergers & Acquisition

11.3      Collaboration

11.4      Partnership

11.5      Expansion

12.       Company Profiles

12.1      Carmi Flavor & Fragrance Co., Inc.

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Cargill, Incorporated

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      GEO Specialty Chemicals, Inc.

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      Keva Flavors Pvt. Ltd.

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Roquette Frères

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      Symrise

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      Sensient Technologies Corporation

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      Archer Daniels Midland Company

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

13.       Appendix

13.1      About The Insight Partners

13.2      Word Index

LIST OF TABLES

Table 1.            Flavor Masking Agents Market –Revenue and Forecast To 2028 (USD Million)

Table 2.            South Africa Flavor Masking Agents, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 3.            South Africa Flavor Masking Agents, by Application – Revenue and Forecast to 2028 (USD Million)

Table 4.            Saudi Arabia Flavor Masking Agents, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 5.            Saudi Arabia Flavor Masking Agents, by Application – Revenue and Forecast to 2028 (USD Million)

Table 6.            UAE Flavor Masking Agents, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 7.            UAE Flavor Masking Agents, by Application – Revenue and Forecast to 2028 (USD Million)

Table 8.            Rest of Middle East and Africa Flavor Masking Agents, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 9.            Rest of Middle East and Africa Flavor Masking Agents, by Application – Revenue and Forecast to 2028 (USD Million)

Table 10.          List of Abbreviation

LIST OF FIGURES

Figure 1.           Middle East & Africa Flavor Masking Agents Market Segmentation

Figure 2.           Middle East & Africa Flavor Masking Agents Market Segmentation – By Country

Figure 3.           Middle East & Africa Flavor Masking Agents Market Overview

Figure 4.           Bitter Flavor Segment Held Largest Share of Middle East & Africa Flavor Masking Agents Market

Figure 5.           Rest of Middle East & Africa Region Held Largest Share of Middle East & Africa Flavor Masking Agents Market

Figure 6.           Middle East & Africa Flavor Masking Agents Market, Industry Landscape

Figure 7.           Middle East & Africa: PEST Analysis

Figure 8.           Expert Opinion

Figure 9.           Flavor Masking Agents Market Impact Analysis of Drivers and Restraints

Figure 10.        Middle East and Africa: Flavor Masking Agents Market – Revenue and Forecast to 2028 (USD Million)

Figure 11.        Middle East and Africa: Flavor Masking Agents Market Revenue Share, by Product Type (2020 and 2028)

Figure 12.        Sweet Flavor: Flavor Masking Agents Market – Revenue and Forecast to 2028 (USD Million)

Figure 13.        Salt Flavor: Flavor Masking Agents Market – Revenue and Forecast to 2028 (USD Million)

Figure 14.        Bitter Flavor: Flavor Masking Agents Market – Revenue and Forecast to 2028 (USD Million)

Figure 15.        Fat Flavor: Flavor Masking Agents Market – Revenue and Forecast to 2028 (USD Million)

Figure 16.        Others: Flavor Masking Agents Market – Revenue and Forecast to 2028 (USD Million)

Figure 17.        Middle East and Africa: Flavor Masking Agents Market Revenue Share, by Application (2020 and 2028)

Figure 18.        Food & Beverages: Flavor Masking Agents Market – Revenue and Forecast to 2028 (USD Million)

Figure 19.        Dairy and Frozen Dessert: Flavor Masking Agents Market – Revenue and Forecast to 2028 (USD Million)

Figure 20.        Bakery and Confectionery: Flavor Masking Agents Market – Revenue and Forecast to 2028 (USD Million)

Figure 21.        Beverages: Flavor Masking Agents Market – Revenue and Forecast to 2028 (USD Million)

Figure 22.        Meat, Poultry, and Seafood: Flavor Masking Agents Market – Revenue and Forecast to 2028 (USD Million)

Figure 23.        Others: Flavor Masking Agents Market – Revenue and Forecast to 2028 (USD Million)

Figure 24.        Pharmaceuticals and Nutraceuticals: Flavor Masking Agents Market – Revenue and Forecast to 2028 (USD Million)

Figure 25.        Others: Flavor Masking Agents Market – Revenue and Forecast to 2028 (USD Million)

Figure 26.        Geographic Overview of Middle East & Africa Flavor Masking Agents Market

Figure 27.        Middle East and Africa: Flavor Masking Agents Market Revenue Share, by Key Country (2020 and 2028)

Figure 28.        South Africa: Flavor Masking Agents Market – Revenue, and Forecast to 2028 (USD Million)

Figure 29.        Saudi Arabia: Flavor Masking Agents Market – Revenue, and Forecast to 2028 (USD Million)

Figure 30.        UAE: Flavor Masking Agents Market – Revenue, and Forecast to 2028 (USD Million)

Figure 31.        Rest of Middle East and Africa: Flavor Masking Agents Market – Revenue, and Forecast to 2028 (USD Million)

Figure 32.        Impact of COVID-19 Pandemic in Middle East and Africa Country Markets

 

  1. Carmi Flavor & Fragrance Co., Inc.           
  2. Cargill, Incorporated                                  
  3. GEO Specialty Chemicals, Inc.                   
  4. Keva Flavors Pvt. Ltd.                                  
  5. Roquette Frères                                        
  6. DSM Corporation                                         
  7. Symrise Ag                                                         
  8. Sensient Technologies Corporation         
  9. Archer Daniels Midland Company  
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East & Africa flavor masking agents market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in Middle East & Africa flavor masking agents market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the flavor masking agents market as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution  

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