Middle East & Africa Flavor Masking Agents for Food and Beverages Market Forecast to 2030 - Regional Analysis

Description

List of Tables

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.

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.

Product Code: BMIRE00029943

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Market Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
3.4 Limitations and Assumptions

4. Middle East & Africa Flavor Masking Agents for Food and Beverages Market Landscape

4.1 Overview
- 4.1.1 Market Definition:
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Competitive Rivalry
- 4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Manufacturing Process
- 4.3.3 Distributors or Suppliers
- 4.3.4 End-Use Industries

5. Middle East & Africa Flavor Masking Agents for Food and Beverages Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Wide Array of Applications
- 5.1.2 Technological Advancements in Flavor Masking
5.2 Market Restraints
- 5.2.1 High Manufacturing Expenses Results in High Product Cost
5.3 Market Opportunities
- 5.3.1 Rising Use of Flavor Masking Agents in Plant-Based Products
5.4 Future Trends
- 5.4.1 Increasing Demand for Natural Additives
5.5 Impact Analysis of Drivers and Restraints

6. Flavor Masking Agents for Food and Beverages Market - Middle East & Africa Market Analysis

6.1 Middle East & Africa Flavor Masking Agents for Food and Beverages Market Revenue (US$ Thousand)
6.2 Middle East & Africa Flavor Masking Agents for Food and Beverages Market Volume (Tons)
6.3 Middle East & Africa Flavor Masking Agents for Food and Beverages Market Revenue and Forecast and Analysis (US$ Thousand)
6.4 Middle East & Africa Flavor Masking Agents for Food and Beverages Market Volume and Forecast and Analysis (Tons)

7. Middle East & Africa Flavor Masking Agents for Food and Beverages Market Analysis - Type

7.1 Sweet
- 7.1.1 Overview
- 7.1.2 Sweet Market Revenue and Forecast to 2030 (US$ Thousand)
- 7.1.3 Sweet Market Volume and Forecast to 2030 (Tons)
7.2 Salt
- 7.2.1 Overview
- 7.2.2 Salt Market Revenue and Forecast to 2030 (US$ Thousand)
- 7.2.3 Salt Market Volume and Forecast to 2030 (Tons)
7.3 Fat
- 7.3.1 Overview
- 7.3.2 Fat Market Revenue and Forecast to 2030 (US$ Thousand)
- 7.3.3 Fat Market Volume and Forecast to 2030 (Tons)
7.4 Bitter
- 7.4.1 Overview
- 7.4.2 Bitter Market Revenue and Forecast to 2030 (US$ Thousand)
- 7.4.3 Bitter Market Volume and Forecast to 2030 (Tons)
7.5 Others
- 7.5.1 Overview
- 7.5.2 Others Market Revenue and Forecast to 2030 (US$ Thousand)
- 7.5.3 Others Market Volume and Forecast to 2030 (Tons)

8. Middle East & Africa Flavor Masking Agents for Food and Beverages Market Analysis - Application

8.1 Bakery and Confectionery
- 8.1.1 Overview
- 8.1.2 Bakery and Confectionery Market Revenue and Forecast to 2030 (US$ Thousand)
8.2 Dairy and Frozen Desserts
- 8.2.1 Overview
- 8.2.2 Dairy and Frozen Desserts Market Revenue and Forecast to 2030 (US$ Thousand)
8.3 Beverages
- 8.3.1 Overview
- 8.3.2 Beverages Market Revenue and Forecast to 2030 (US$ Thousand)
8.4 Meat, Poultry, and Seafood
- 8.4.1 Overview
- 8.4.2 Meat, Poultry, and Seafood Market Revenue, and Forecast to 2030 (US$ Thousand)
8.5 Meat Substitutes
- 8.5.1 Overview
- 8.5.2 Meat Substitutes Market Revenue, and Forecast to 2030 (US$ Thousand)
8.6 Dairy Alternatives
- 8.6.1 Overview
- 8.6.2 Dairy Alternatives Market Revenue and Forecast to 2030 (US$ Thousand)
8.7 RTE & RTC Meals
- 8.7.1 Overview
- 8.7.2 RTE & RTC Meals Market Revenue and Forecast to 2030 (US$ Thousand)
8.8 Others
- 8.8.1 Overview
- 8.8.2 Others Market Revenue and Forecast to 2030 (US$ Thousand)

9. Middle East & Africa Flavor Masking Agents for Food and Beverages Market - Country Analysis

9.1 Middle East & Africa Flavor Masking Agents for Food and Beverages Market - Country Analysis
- 9.1.1 Middle East & Africa Flavor Masking Agents for Food and Beverages Market Revenue and Forecasts and Analysis - By Countries
  - 9.1.1.1 Middle East & Africa Flavor Masking Agents for Food and Beverages Market Breakdown by Country
  - 9.1.1.2 South Africa: Middle East & Africa Flavor Masking Agents for Food and Beverages Market Revenue and Forecasts to 2030 (US$ Thousand)
  - 9.1.1.3 South Africa: Middle East & Africa Flavor Masking Agents for Food and Beverages Market Volume and Forecasts to 2030 (Tons)
    - 9.1.1.3.1 South Africa: Middle East & Africa Flavor Masking Agents for Food and Beverages Market Breakdown by Type
    - 9.1.1.3.2 South Africa: Middle East & Africa Flavor Masking Agents for Food and Beverages Market Breakdown by Type
    - 9.1.1.3.3 South Africa: Middle East & Africa Flavor Masking Agents for Food and Beverages Market Breakdown by Application
  - 9.1.1.4 Saudi Arabia: Middle East & Africa Flavor Masking Agents for Food and Beverages Market Revenue and Forecasts to 2030 (US$ Thousand)
  - 9.1.1.5 Saudi Arabia: Middle East & Africa Flavor Masking Agents for Food and Beverages Market Volume and Forecasts to 2030 (Tons)
    - 9.1.1.5.1 Saudi Arabia: Middle East & Africa Flavor Masking Agents for Food and Beverages Market Breakdown by Type
    - 9.1.1.5.2 Saudi Arabia: Middle East & Africa Flavor Masking Agents for Food and Beverages Market Breakdown by Type
    - 9.1.1.5.3 Saudi Arabia: Middle East & Africa Flavor Masking Agents for Food and Beverages Market Breakdown by Application
  - 9.1.1.6 UAE: Middle East & Africa Flavor Masking Agents for Food and Beverages Market Revenue and Forecasts to 2030 (US$ Thousand)
  - 9.1.1.7 UAE: Middle East & Africa Flavor Masking Agents for Food and Beverages Market Volume and Forecasts to 2030 (Tons)
    - 9.1.1.7.1 UAE: Middle East & Africa Flavor Masking Agents for Food and Beverages Market Breakdown by Type
    - 9.1.1.7.2 UAE: Middle East & Africa Flavor Masking Agents for Food and Beverages Market Breakdown by Type
    - 9.1.1.7.3 UAE: Middle East & Africa Flavor Masking Agents for Food and Beverages Market Breakdown by Application
  - 9.1.1.8 Rest of Middle East & Africa: Middle East & Africa Flavor Masking Agents for Food and Beverages Market Revenue and Forecasts to 2030 (US$ Thousand)
  - 9.1.1.9 Rest of Middle East & Africa: Middle East & Africa Flavor Masking Agents for Food and Beverages Market Volume and Forecasts to 2030 (Tons)
    - 9.1.1.9.1 Rest of Middle East & Africa: Middle East & Africa Flavor Masking Agents for Food and Beverages Market Breakdown by Type
    - 9.1.1.9.2 Rest of Middle East & Africa: Middle East & Africa Flavor Masking Agents for Food and Beverages Market Breakdown by Type
    - 9.1.1.9.3 Rest of Middle East & Africa: Middle East & Africa Flavor Masking Agents for Food and Beverages Market Breakdown by Application

10. Competitive Landscape

10.1 Heat Map Analysis
10.2 Company Positioning & Concentration

11. Company Profiles

11.1 Sensient Technologies Corp
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
11.2 Firmenich International SA
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
11.3 Tate & Lyle Plc
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
11.4 Archer-Daniels-Midland Co
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
11.5 Kerry Group Plc
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
11.6 Virginia Dare Extract Co Inc
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
11.7 Koninklijke DSM NV
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments

12. Appendix