MEA Flavours and Fragrances Market Growth, Size, Trends, Demand, Revenue and Future Outlook

Middle East and Africa Flavours and Fragrances Market Size- By Type, Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Middle East and Africa Flavours and Fragrances Market Size- By Type, Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Jan 2024 Report ID: FMCG2405 Pages: 1 - 152 Formats*:     
Category : Consumer & Retail
Middle East and Africa Flavours and Fragrances Market Introduction and Overview 

According to SPER Market Research, the Middle East and Africa Flavours and Fragrances Market is estimated to reach USD XX billion by 2033 with a CAGR of 7.2%.

The report includes an in-depth analysis of the Middle East and Africa Flavours and Fragrances Market, including market size and trends, product mix, applications, and supplier analysis. The term "flavour" describes a product's unique flavour, such as that of food and drink goods. Products can have flavours added to them to improve or change their flavour. Conversely, fragrance describes substances added to a variety of things, such as food items, cosmetics, and even detergents, to give them a pleasing scent or perfume. Natural, synthetic, or nature-identical flavouring agents are available.  Fragrances can be classified as synthetic or natural, whilst tastes come in liquid and dry forms. Although synthetic perfumes are more often used, there is an increasing global need for natural scents as well. Among the many varieties of natural scents on the market are those made of flowers, fruits, musk, wood, and spices.

  • In February 2022: To expand its flavour portfolio and market penetration in Africa, Archer Daniels Midland Company bought up Comhan, a flavour distribution company based in South Africa. The agreement expanded ADM's current locations in Nigeria and Kenya and gave its clients new options in the area.
  • In May 2022: In order to create the premier creativity and innovation partner in nutrition, beauty, and well-being, DSM and Firmenich announced the signing of a business combination agreement ("DSM-Firmenich"). Through the combination, DSM's exceptional Health and Nutrition portfolio and well-known scientific knowledge will be combined with Firmenich's distinctive leading Perfumery and Taste businesses, world-class science platforms, and co-creation capabilities.

Market Opportunities and Challenges
Over the past ten years, the Middle Eastern food manufacturing and processing industry has experienced remarkable growth. The industries entered the food ingredients market because of direct subsidies, long-term interest-free loans, and duty-free imports of raw materials, direct government support, and heavily discounted utilities. The flavour and fragrance market is also being driven by the rise in demand for a variety of flavourings, a high demand for genuine and natural flavourings, a shift in lifestyle, and a rise in the demand for natural and healthy food flavourings. These factors are combined with a rise in manufacturer research and innovation as well as the growth of the food industry.

Since most of these Middle Eastern enterprises rely extensively on imported raw materials and food ingredients, including food flavours, the fast expansion of the food processing industry presents good export opportunities for U.S. providers of bulk and intermediate products. Since some flavours are unique to a given nation or region, producers are always coming up with innovative ways to expand their product lines and take a larger portion of the market. The market for flavours and fragrances is impacted by fluctuating costs and substitutes. One of the biggest markets for flavours and fragrances is the Middle East and Africa, but the Asian Pacific region is expanding the fastest and is predicted to continue increasing in this area.

Middle East and Africa Flavours and Fragrances Market


Market Competitive Landscape
The flavour and fragrance markets in the Middle East and Africa are concentrated, with large players controlling a significant portion of the market. The major players in the Middle East and Africa Flavours and Fragrances Market include: Givaudan SA, International Flavors & Fragrances Inc., Kerry Group PLC, Koninklijke DSM N.V., MANE SA, Sensient Technologies Corporation, Symrise AG, Takasago International Corporation, The Archer Daniels Midland Company, Others. The major corporations have chosen various strategic techniques such as mergers, expansions, acquisitions, partnerships, and new product development to enhance their brand visibility in the market. In order to reach a wider range of consumers, market participants are increasing the range of products they offer.

Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2033
 Base year considered 2022
 Forecast period 2023-2033
 Segments coveredBy Type, By Application
 Regions coveredEgypt, Saudi Arabia, South Africa, United Arab Emirates, Rest of Middle-East and Africa
 Companies CoveredGivaudan SA, International Flavors & Fragrances Inc., Kerry Group PLC, Koninklijke DSM N.V., MANE SA, Sensient Technologies Corporation, Symrise AG, Takasago International Corporation, The Archer Daniels Midland Company, Others
COVID-19 Impact on Middle East and Africa Flavours and Fragrances Market
Significant effects of the COVID-19 pandemic were felt by the speciality chemicals industry, which includes treatments for improving taste and smell. The loss of taste and smell became important markers of infection, even if the specific effects of the virus on these senses are still unclear. With supply lines disrupted, flavouring companies faced difficulties as millions of people experienced these symptoms. Reduced demand for tastes and smells resulted from the pandemic's global economic crisis, which affected both big and little economies. As non-essential commodities like fragrances lost significance, the industry saw production decreases and recession as a result of the halting of industrial activities.

Key Target Audience:
  • Aromatherapy and Wellness Products
  • Companies involved in the distribution and retail of flavors and fragrances
  • Flavor and Fragrance Manufacturers
  • Food and Beverage Industry
  • Men & Women Consumers
  • Personal Care and Cosmetics Industry
  • Pharmaceutical Industry
  • Others
Our in-depth analysis of the Middle East and Africa Flavours and Fragrances Market includes the following segments:
By Type:
  • Synthetic
  • Natural
  • By Application:
  • Beauty and Personal Care
  • Beverages
  • Food
  • Perfumes
  • By Region:
  • Egypt
  • Saudi Arabia
  • South Africa
  • United Arab Emirates
  • Rest of Middle-East and Africa
  • Key Topics Covered in the Report:
    • Middle East and Africa Flavours and Fragrances Market Size (FY’2023-FY’2033)
    • Overview of Middle East and Africa Flavours and Fragrances Market
    • Segmentation of Middle East and Africa Flavours and Fragrances Market By Type (Synthetic, Natural)
    • Segmentation of Middle East and Africa Flavours and Fragrances Market By Application (Beauty and Personal Care, Beverages, Food, Perfumes, Others)
    • Statistical Snap of Middle East and Africa Flavours and Fragrances Market 
    • Expansion Analysis of Middle East and Africa Flavours and Fragrances Market 
    • Problems and Obstacles in Middle East and Africa Flavours and Fragrances Market
    • Competitive Landscape in the Middle East and Africa Flavours and Fragrances Market
    • Impact of COVID-19 and Demonetization on Middle East and Africa Flavours and Fragrances Market 
    • Details on Current Investment in Middle East and Africa Flavours and Fragrances Market
    • Competitive Analysis of Middle East and Africa Flavours and Fragrances Market 
    • Prominent Players in the Middle East and Africa Flavours and Fragrances Market 
    • SWOT Analysis of Middle East and Africa Flavours and Fragrances Market 
    • Middle East and Africa Flavours and Fragrances Market Future Outlook and Projections (FY’2023-FY’2033)
    • Recommendations from Analyst
    1. Introduction
    1.1. Scope of the report
    1.2. Market segment analysis

    2. Research Methodology
    2.1. Research data source
    2.1.1. Secondary Data
    2.1.2. Primary Data
    2.1.3. SPER’s internal database
    2.1.4. Premium insight from KOL’s
    2.2. Market size estimation
    2.2.1. Top-down and Bottom-up approach
    2.3. Data triangulation

    3. Executive Summary

    4. Market Dynamics
    4.1. Driver, Restraint, Opportunity and Challenges analysis
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunities
    4.1.4. Challenges
    4.2. COVID-19 Impacts of the Middle East and Africa Flavours and Fragrances Market 

    5. Market variable and outlook
    5.1. SWOT Analysis
    5.1.1. Strengths
    5.1.2. Weaknesses
    5.1.3. Opportunities
    5.1.4. Threats
    5.2. PESTEL Analysis
    5.2.1. Political Landscape
    5.2.2. Economic Landscape
    5.2.3. Social Landscape
    5.2.4. Technological Landscape
    5.2.5. Environmental Landscape
    5.2.6. Legal Landscape
    5.3. PORTER’s Five Forces 
    5.3.1. Bargaining power of suppliers
    5.3.2. Bargaining power of buyers
    5.3.3. Threat of Substitute
    5.3.4. Threat of new entrant
    5.3.5. Competitive rivalry
    5.4. Heat Map Analysis

    6. Competitive Landscape
    6.1. Middle East and Africa Flavours and Fragrances Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Middle East and Africa Flavours and Fragrances Market 

    7. Middle East and Africa Flavours and Fragrances Market, By Type (USD Million)
    7.1. Middle East and Africa Flavours and Fragrances Market Value Share and Forecast, By Type, 2023-2033
    7.2. Synthetic
    7.3. Natural 

    8. Middle East and Africa Flavours and Fragrances Market, By Application (USD Million)
    8.1. Middle East and Africa Flavours and Fragrances Market Value Share and Forecast, By Application, 2023-2033
    8.2. Beauty and Personal Care
    8.3. Beverages
    8.4. Food
    8.4.1. Bakery and Confectionery
    8.4.2. Dairy Products 
    8.4.3. Meat and Meat Products
    8.4.4. Savory Food
    8.4.5. Others 
    8.5. Perfumes
    8.6. Others 

    9. Middle East and Africa Flavours and Fragrances Market Forecast, 2019-2033 (USD Million)
    9.1. Middle East and Africa Flavours and Fragrances Market Size and Market Share

    10. Middle East and Africa Flavours and Fragrances Market, By Type, 2019-2033 (USD Million)
    10.1. Middle East and Africa Flavours and Fragrances Market Size and Market Share By Type (2019-2026)
    10.2. Middle East and Africa Flavours and Fragrances Market Size and Market Share By Type (2027-2033)

    11. Middle East and Africa Flavours and Fragrances Market, By Application, 2019-2033 (USD Million)
    11.1. Middle East and Africa Flavours and Fragrances Market Size and Market Share By Application (2019-2026)
    11.2. Middle East and Africa Flavours and Fragrances Market Size and Market Share By Application (2027-2033)

    12. Middle East and Africa Flavours and Fragrances Market, By Region, 2019-2033 (USD Million)
    12.1. Middle East and Africa Flavours and Fragrances Market Size and Market Share By Region (2019-2026)
    12.2. Middle East and Africa Flavours and Fragrances Market Size and Market Share By Region (2027-2033) 
    12.3. Egypt
    12.4. Saudi Arabia
    12.5. South Africa
    12.6. United Arab Emirates
    12.7. Rest of Middle-East and Africa

    13. Company Profile
    13.1. Givaudan SA
    13.1.1. Company details
    13.1.2. Financial outlook
    13.1.3. Product summary 
    13.1.4. Recent developments
    13.2. International Flavors & Fragrances Inc.
    13.2.1. Company details
    13.2.2. Financial outlook
    13.2.3. Product summary 
    13.2.4. Recent developments
    13.3. Kerry Group PLC
    13.3.1. Company details
    13.3.2. Financial outlook
    13.3.3. Product summary 
    13.3.4. Recent developments
    13.4. Koninklijke DSM N.V.
    13.4.1. Company details
    13.4.2. Financial outlook
    13.4.3. Product summary 
    13.4.4. Recent developments
    13.5. MANE SA
    13.5.1. Company details
    13.5.2. Financial outlook
    13.5.3. Product summary 
    13.5.4. Recent developments
    13.6. Sensient Technologies Corporation
    13.6.1. Company details
    13.6.2. Financial outlook
    13.6.3. Product summary 
    13.6.4. Recent developments
    13.7. Symrise AG
    13.7.1. Company details
    13.7.2. Financial outlook
    13.7.3. Product summary 
    13.7.4. Recent developments
    13.8. Takasago International Corporation
    13.8.1. Company details
    13.8.2. Financial outlook
    13.8.3. Product summary 
    13.8.4. Recent developments
    13.9. The Archer Daniels Midland Company
    13.9.1. Company details
    13.9.2. Financial outlook
    13.9.3. Product summary 
    13.9.4. Recent developments
    13.10. Others 
     
    14. List of Abbreviations

    15. Reference Links

    16. Conclusion

    17. Research Scope

    SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

    The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Middle East and Africa Flavours and Fragrances Market is projected to reach USD XX Billion by 2033, growing at a CAGR of 7.2% during the forecast period.
    Middle East and Africa Flavours and Fragrances Market size from 2023. The Market is expected to reach USD XX Billion by 2033, at a CAGR of 7.2% during the forecast period.
    Middle East and Africa Flavours and Fragrances Market CAGR of 7.2% during the forecast period.
    Middle East and Africa Flavours and Fragrances Market size is USD XX Billion from 2023 to 2033.
    Middle East and Africa Flavours and Fragrances Market Segment is Covered By Type, By Application
    The MEA region is anticipated to have the highest market share in Middle East and Africa Flavours and Fragrances Market.
    The key players in the market include Companies Covered Givaudan SA, International Flavors & Fragrances Inc., Kerry Group PLC, Koninklijke DSM N.V., MANE SA, Sensient Technologies Corporation, Symrise AG, Takasago International Corporation, The Archer Daniels Midland Company, Others
    The flavour and fragrance market is also being driven by the rise in demand for a variety of flavourings, a high demand for genuine and natural flavourings, a shift in lifestyle, and a rise in the demand for natural and healthy food flavourings.
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