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South America 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: TIPRE00023587 | Pages: 115 | Industry: Food and Beverages | Date: Jul 2021
Covid

Market Introduction

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.




Market Overview and Dynamics

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.

Key Market Segments

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.

Major Sources and Companies Listed

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.

Reasons to buy report

  • 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  

 MIDDLE EAST & AFRICA FLAVOR MASKING AGENTS MARKET SEGMENTATION

Middle East & Africa Flavor Masking Agents Market By Type

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

Middle East & Africa Flavor Masking Agents MarketBy Application

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

Middle East & Africa Flavor Masking Agents Market – By Country

  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of Middle East & Africa

Middle East & Africa Flavor Masking Agents Market Company Profiles

  • Carmi Flavor & Fragrance Co., Inc.           
  • Cargill, Incorporated                                  
  • GEO Specialty Chemicals, Inc.                   
  • Keva Flavors Pvt. Ltd.                                  
  • 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.          South America 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        Rising Use of Flavor Masking Agents in Diversified Applications

5.1.2        Technological Growth in Pharmaceutical Industry

5.2        Market Restraints

5.2.1        Scaling Demand of Clean Label Products

5.3        Market Opportunities

5.3.1        Expanding Use of Biotechnology for Making Flavor Masking Agents

5.4        Future Trends

5.4.1        Improving Inclination of Consumers toward Natural Additives and Ingredients

5.5        Impact Analysis of Drivers and Restraints

6.          South America Flavor Masking Agents – Market Analysis

6.1        South America Flavor Masking Agents Market Overview

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

7.          South America Flavor Masking Agents Market Analysis By Type Overview

7.1        Overview

7.2        South America: Flavor Masking Agents Market, by Product Type

7.3        Sweet Flavor

7.3.1        Overview

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

7.4        Salt Flavor

7.4.1        Overview

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

7.5        Bitter Flavor

7.5.1        Overview

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

7.6        Fat Flavor

7.6.1        Overview

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

7.7        Others

7.7.1        Overview

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

8.          South America Flavor Masking Agents Market Analysis By Application

8.1        Overview

8.2        South America: Flavor Masking Agents Market, by Application

8.3        Food & Beverages

8.3.1        Overview

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

8.3.2.1          Dairy and Frozen Dessert

8.3.2.1.1          Overview

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

8.3.2.2          Bakery and Confectionery

8.3.2.2.1          Overview

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

8.3.2.3          Beverages

8.3.2.3.1          Overview

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

8.3.2.4          Meat, Poultry, and Seafood

8.3.2.4.1          Overview

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

8.3.2.5          Others

8.3.2.5.1          Overview

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

8.4        Pharmaceuticals and Nutraceuticals

8.4.1        Overview

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

8.5        Others

8.5.1        Overview

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

9.          South America Flavor Masking Agents Market – Country Analysis

9.1        Overview

9.1.1        South America: Flavor Masking Agents Market, by Key Country

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

9.1.1.1.1          Brazil: Flavor Masking Agents Market, by Product Type

9.1.1.1.2          Brazil: Flavor Masking Agents Market, by Application

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

9.1.1.2.1          Argentina: Flavor Masking Agents Market, by Product Type

9.1.1.2.2          Argentina: Flavor Masking Agents Market, by Application

9.1.1.3          Rest of South America: Flavor Masking Agents Market – Revenue, and Forecast to 2028 (USD Million)

9.1.1.3.1          Rest of South America: Flavor Masking Agents Market, by Type

9.1.1.3.2          Rest of South America: Flavor Masking Agents Market, by Application

10.       Overview- Impact of Coronavirus Outbreak on South America 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      Roquette Frères

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      DSM Corporation

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

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

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

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

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

Table 7.            Rest of South America Flavor Masking Agents, by Application – Revenue and Forecast to 2028 (USD Million)

Table 8.            List of Abbreviation

LIST OF FIGURES

Figure 1.           South America Flavor Masking Agents Market Segmentation

Figure 2.           South America Flavor Masking Agents Market Segmentation – By Country

Figure 3.           South America Flavor Masking Agents Market Overview

Figure 4.           Bitter Flavor Segment Held Largest Share of South America Flavor Masking Agents Market

Figure 5.           Rest of South America Held Largest Share of South America Flavor Masking Agents Market

Figure 6.           South America Flavor Masking Agents Market, Industry Landscape

Figure 7.           South & Central America: PEST Analysis

Figure 8.           Expert Opinion

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

Figure 10.        South America: Flavor Masking Agents Market – Revenue and Forecast to 2028 (USD Million)

Figure 11.        South America: 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.        South America: 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 South America Flavor Masking Agents Market

Figure 27.        South America: Flavor Masking Agents Market Revenue Share, by Key Country (2020 and 2028)

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

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

Figure 30.        Rest of South America: Flavor Masking Agents Market – Revenue, and Forecast to 2028 (USD Million)

Figure 31.        Impact of COVID-19 Pandemic in South America Country Markets

 

  1. Carmi Flavor & Fragrance Co., Inc.           
  2. Cargill, Incorporated                                  
  3. GEO Specialty Chemicals, Inc.                   
  4. DSM Corporation                                                                        
  5. Roquette Frères                                        
  6. Symrise Ag                                                         
  7. Sensient Technologies Corporation         
  8. Archer Daniels Midland Company  
  • 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  

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