According to a new report by Expert Market Research titled, ‘Middle East and Africa Flavours and Fragrances Market Report and Forecast 2019-2024’, the flavours and fragrances market in the Middle East and Africa is being driven by the growth of the overall global market, which attained a value of USD 27.5 billion in 2018. The market in the Middle East and Africa is projected to grow at a CAGR of 5.9% in the forecast period of 2019-2024.
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Competitive Landscape:
1. Pernod Ricard SA (OTCMKTS: PDRDY)
2. Ilegal Mezcal
3. William Grant & Sons Ltd
4. Rey Campero
5. El Silencio Holdings Inc.
6. Mezcal Vago
7. Others
The global flavours and fragrances market is expected to witness a faster growth within the emerging regions as compared to the developed countries. Thus, regional markets like the Middle East and Africa flavours and fragrances market are projected to witness a robust growth in the forecast period. The regional market is being driven by the growing urbanisation in the region, along with the rise in the disposable incomes of the consumers. The flavours and fragrances market in the Middle East and Africa is also being driven by the growing innovation taking place within the industry, leading to greater diversification of the products. As major players are seeking to develop products which cater to the region’s particular cultural demands, like halaal and alcohol-free products, the market in the region is projected to grow further. Nicola-J Flavours and Fragrances, a significant player in the regional market, includes halaal certified products in its portfolio.
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The Middle East and Africa market is being further propelled forward by the increasing expansions by the major global players within the region. The Switzerland-based flavours and fragrances company, Givaudan (OTCMKTS: GVDBF) aims to expand in high growth markets like Africa as a part of its 2020 high-growth markets strategy. As a part of its 2020 strategy, the Swiss company inaugurated its flavours and commercial centre in Morocco in January 2019. The centre, which caters to beverages, savoury, sweetened goods, snacks, and dairy segments, will serve consumers in African countries like Ivory Coast, Algeria, Tunisia, Morocco, Senegal, and Guinea. With Givaudan’s recent acquisition of Flavours Oils in August 2019, the company is expected to increase its presence in the African markets further.
1 Preface
2 Research Methodology
3 Executive Summary
3.1 Market Overview
3.2 Key Demand Drivers
3.3 Top Global Suppliers
3.4 Supply Market Changes
4 Global Flavours and Fragrances Market Outlook
5 Global Flavours and Fragrances Market
5.1 Global Flavours and Fragrances Market Analysis
5.1.1 Figure: Global Flavours and Fragrances Historical Market (2014-2018) & Forecast (2019-2024)
5.1.2 Chart: Breakup by Segment
5.1.2.1 Flavours
5.1.2.2 Fragrances
5.1.3 Figure: Breakup by Segment: Historical Market (2014-2018) & Forecast (2019-2024)
5.1.3.1 Flavours
5.1.3.2 Fragrances
5.1.4 Chart: Breakup by Region
5.1.4.1 North America
5.1.4.2 Europe
5.1.4.3 Asia Pacific
5.1.4.4 LATAM
5.1.4.5 Middle East and Africa
5.1.5 Figure: Breakup by Region: Historical Market (2014-2018) and Forecast (2019-2024)
5.1.5.1 North America
5.1.5.2 Europe
5.1.5.3 Asia Pacific
5.1.5.4 LATAM
5.1.5.5 Middle East and Africa
6 Middle East and Africa Flavours and Fragrances Market
6.1 Middle East and Africa Flavours and Fragrances Market Analysis
6.1.1 Figure: Middle East and Africa Flavours and Fragrances Historical Market (2014-2018) & Forecast (2019-2024)
6.1.2 Chart: Middle East and Africa Flavours and Fragrances Market Breakup by Segment
6.1.2.1 Flavours
6.1.2.2 Fragrances
6.1.3 Figure: Middle East and Africa Flavours and Fragrances Market Breakup by Segment: Historical Market (2014-2018) & Forecast (2019-2024)
6.1.3.1 Flavours
6.1.3.2 Fragrances
6.1.4 Chart: Middle East and Africa Flavours and Fragrances Market Breakup by Type
6.1.4.1 Synthetic
6.1.4.2 Natural
6.1.5 Figure: Middle East and Africa Flavours and Fragrances Market Breakup by Type: Historical Market (2014-2018) & Forecast (2019-2024)
6.1.5.1 Synthetic
6.1.5.2 Natural
6.1.6 Chart: Middle East and Africa Flavours and Fragrances Market Breakup by Region
6.1.6.1 Saudi Arabia
6.1.6.2 United Arab Emirates
6.1.6.3 Turkey
6.1.6.4 South Africa
6.1.6.5 Others
6.1.7 Figure: Middle East and Africa Flavours and Fragrances Market Breakup by Region: Historical Market (2014-2018) and Forecast (2019-2024)
6.1.7.1 Saudi Arabia
6.1.7.2 United Arab Emirates
6.1.7.3 Turkey
6.1.7.4 South Africa
6.1.7.5 Others
6.2 Middle East and Africa Flavours Market Analysis
6.2.1 Chart: Breakup by Flavouring Agent
6.2.1.1 Nature Identical Flavouring Substance
6.2.1.2 Artificial Flavouring Substance
6.2.1.3 Natural Flavour
6.2.2 Figure: Breakup by Flavouring Agent: Historical Market (2014-2018) and Forecast (2019-2024)
6.2.2.1 Nature Identical Flavouring Substance
6.2.2.2 Artificial Flavouring Substance
6.2.2.3 Natural Flavour
6.2.3 Chart: Breakup by Forms
6.2.3.1 Liquid
6.2.3.2 Dry
6.2.4 Figure: Breakup by Forms: Historical Market (2014-2018) and Forecast (2019-2024)
6.2.4.1 Liquid
6.2.4.2 Dry
6.2.5 Chart: Breakup by Applications
6.2.5.1 Beverage
6.2.5.2 Bakery and Confectionery Products
6.2.5.3 Dairy and Frozen Desserts
6.2.5.4 Savouries and Snacks
6.2.5.5 Others
6.2.6 Figure: Breakup by Applications: Historical Market (2014-2018) and Forecast (2019-2024)
6.2.6.1 Beverage
6.2.6.2 Bakery and Confectionery Products
6.2.6.3 Dairy and Frozen Desserts
6.2.6.4 Savouries and Snacks
6.2.6.5 Others
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