Press Release Description
Bakery & Confectionery Items to Influence Non-Natural Flavoring Agents Demand Globally
The rising consumption of various types of food & beverage products, such as juices, carbonated drinks, baked biscuits, candies, etc., among the millennials has been positively prevailing the demand for the Non-natural Flavoring Agents market. In line with this, the significant consumption of candies, gummies, toffees, etc., in the regions mainly in North America, Europe, etc., have also been supporting the market growth.
Furthermore, the food processing industries have observed an upward trend in demand for non-natural flavoring agents, as these flavors are required during the manufacturing process of perishable food items to maintain the authenticity of the food. Besides, the continued use of non-natural flavoring agents in dietary supplements, functional food items, medicines, and other medicinal syrups, among other things, has led to a higher requirement for non-natural flavoring agents.
Moreover, the expansion drive of food & beverages production lines in the countries such as the UAE, Saudi Arabia, Egypt, Brazil, etc., has also been resulting in a significant demand for non-natural flavoring agents. As a result, these countries have focused on developing domestic food manufacturing units in order to reduce their dependence on imported foods and beverages such as sauces, syrups, snacks, juices, etc. For instance, in 2023, Sai Flavours, a food ingredient manufacturing company based in Ras Al Khaimah Economic Zone (RAKEZ), announced the expansion of its manufacturing facility in the UAE with an investment of around USD1.09 million.
Additionally, the growing demand from snacks & meat processing industries intended for the company to diversify its production capability in the UAE. Therefore, the expansion of food ingredients, savory & snacks food industries in several parts of the world is predicted to uplift the demand for non-natural flavoring agents in the forecast years, further states the research report, “Global Non-natural Flavoring Market Analysis, 2023.”
Plant-based Non-Natural Flavoring Agents to Witness Considerable Demand
Based on the flavor type, the market is classified as Plant & Animals flavor. Of them, Plant-based non-natural flavoring agents are estimated to foresee significant demand in the upcoming years due to the growing manufacturing & demand for fruit-flavored beverages worldwide. Further, non-natural fruit flavors such as pineapple, mango, orange, grape, etc., have been persistently experiencing their demand by beverage producers owing to their immense popularity among consumers. Additionally, the growing active lifestyle users in several nations, majorly in Mexico, Brazil, Argentina, India, etc., have been leading to soaring consumption of fruit-flavored beverages such as sports drinks, energy drinks, juices, etc., hence affecting the market growth.
The Middle East & Africa Non-natural Flavoring Agents Market to Grow at a Faster Pace from 2023 to 2028
With the diversification of food processing industries in the Middle East & African region, coupled with the growing trend of consuming ready-to-cook meals, the consumption of non-naturally flavored products is expected to escalate, therefore influencing the market revenue. The growing food security concerns among the governments in the region as well as their heavy import dependency on food products from the nations like India, the US, Germany, etc., have been leading to the establishment of more food production units. This, in turn, is further expected to fuel the growth of the market in the forecast years. Moreover, the rapid rise in the consumption of processed meat in the region is also spurring the demand for meat-based non-natural flavoring agents.
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Givaudan, Keva Flavours Pvt. Ltd., Elan Chemical, Synergy Flavors, Inc., Weber Flavors, International Flavors & Fragrances, Inc., Firmenich SA., Robertet Group, T.HASEGAWA CO.,LTD., Symrise AG, MANE, Takasago International Corporation, MTC-SO d.o.o., McCormick & Company, Inc., and Others are looking forward to strengthening their market position.
Key Questions Answered in the Research Report
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends that have shaped the industry to its current form?
- What key factors would propel and impede the industry across the regions?
- How has the industry been evolving in terms of geography & product adoption?
- How has the competition shaped across various regions, followed by their comparative factorial indexing?
- How have buying behavior, customer inclination, and expectations from product manufacturers evolved during 2018-28?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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