The Latin America, Middle East and Africa Flavor Drops Market would witness market growth of 10.2% CAGR during the forecast period (2023-2030).
The Brazil market dominated the LAMEA Others Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $259.3 Thousands by 2030. The Argentina market is showcasing a CAGR of 12.9% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 11.7% during (2023 - 2030).
These drops are used in livestock feed, including feed for cattle, poultry, swine, and other farm animals. By adding flavors such as molasses, fruit extracts, or other natural flavors to feed, producers can improve the taste and aroma of the feed, making it more appealing to animals and potentially increasing feed intake. The increasing animal feed industry translates into higher demand for these drops.
Innovation catalyzes the expansion and development of the market, as manufacturers consistently introduce fresh products, formulations, and technologies to address changing consumer demands and market dynamics. For instance, these drops with added functional ingredients, such as vitamins, minerals, antioxidants, and adaptogens, are gaining demand among consumers seeking added nutritional benefits. Functional drops offer targeted health and wellness benefits, such as immune support, stress relief, energy enhancement, and cognitive function improvement, catering to the growing demand for functional foods and beverages.
According to the United States Department of Agriculture, in 2021, the United Arab Emirates (UAE) was the second-largest food service industry in the Arab Gulf Cooperation Council (GCC) region. The total value of the UAE’s hotel, restaurant, and institutional sector amounted to $12.3 billion, marking a substantial increase of nearly 17 percent compared to the figures recorded in 2020. Similarly, According to the United States Department of Agriculture, in Brazil, supermarket revenues reached US$134.8 billion in 2022. Brazil’s food retail sector includes 94,706 stores and serves 28 million consumers daily. Southeastern region of Brazil has the maximum share of the retail industry, with 50.3 percent of the market or 7,046 stores. The second largest region was the south, with 26 percent of the market and 1,835 stores. Hence, the growing food retail and increasing food service industries in the region drive the market’s growth.
Free Valuable Insights: The Worldwide Flavor Drops Market is Projected to reach USD 143.1 Million by 2030, at a CAGR of 8.3%
Based on Content Type, the market is segmented into Regular, and Sugar Free. Based on Nature, the market is segmented into Conventional, and Organic. Based on Flavor Type, the market is segmented into Fruit, Tea-Coffee, Chocolate, Lemon, Vanilla, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- AARKE AB (Altor Digital AB)
- Sauer Brands Inc.
- OliveNation, LLC
- McCormick & Company, Inc.
- Nielsen-Massey Vanillas, Inc.
- Sensient Technologies Corporation
- Kerry Group PLC
- International Flavors & Fragrances, Inc.
- Myprotein (The Hut Group)
LAMEA Flavor Drops Market Report Segmentation
By Content Type
By Nature
By Flavor Type
- Fruit
- Tea-Coffee
- Chocolate
- Lemon
- Vanilla
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
TABLE 1 LAMEA Flavor Drops Market, 2019 - 2022, USD Thousands
TABLE 2 LAMEA Flavor Drops Market, 2023 - 2030, USD Thousands
TABLE 3 LAMEA Flavor Drops Market by Content Type, 2019 - 2022, USD Thousands
TABLE 4 LAMEA Flavor Drops Market by Content Type, 2023 - 2030, USD Thousands
TABLE 5 LAMEA Regular Market by Country, 2019 - 2022, USD Thousands
TABLE 6 LAMEA Regular Market by Country, 2023 - 2030, USD Thousands
TABLE 7 LAMEA Sugar Free Market by Country, 2019 - 2022, USD Thousands
TABLE 8 LAMEA Sugar Free Market by Country, 2023 - 2030, USD Thousands
TABLE 9 LAMEA Flavor Drops Market by Nature, 2019 - 2022, USD Thousands
TABLE 10 LAMEA Flavor Drops Market by Nature, 2023 - 2030, USD Thousands
TABLE 11 LAMEA Conventional Market by Country, 2019 - 2022, USD Thousands
TABLE 12 LAMEA Conventional Market by Country, 2023 - 2030, USD Thousands
TABLE 13 LAMEA Organic Market by Country, 2019 - 2022, USD Thousands
TABLE 14 LAMEA Organic Market by Country, 2023 - 2030, USD Thousands
TABLE 15 LAMEA Flavor Drops Market by Flavor Type, 2019 - 2022, USD Thousands
TABLE 16 LAMEA Flavor Drops Market by Flavor Type, 2023 - 2030, USD Thousands
TABLE 17 LAMEA Fruit Market by Country, 2019 - 2022, USD Thousands
TABLE 18 LAMEA Fruit Market by Country, 2023 - 2030, USD Thousands
TABLE 19 LAMEA Tea-Coffee Market by Country, 2019 - 2022, USD Thousands
TABLE 20 LAMEA Tea-Coffee Market by Country, 2023 - 2030, USD Thousands
TABLE 21 LAMEA Chocolate Market by Country, 2019 - 2022, USD Thousands
TABLE 22 LAMEA Chocolate Market by Country, 2023 - 2030, USD Thousands
TABLE 23 LAMEA Lemon Market by Country, 2019 - 2022, USD Thousands
TABLE 24 LAMEA Lemon Market by Country, 2023 - 2030, USD Thousands
TABLE 25 LAMEA Vanilla Market by Country, 2019 - 2022, USD Thousands
TABLE 26 LAMEA Vanilla Market by Country, 2023 - 2030, USD Thousands
TABLE 27 LAMEA Others Market by Country, 2019 - 2022, USD Thousands
TABLE 28 LAMEA Others Market by Country, 2023 - 2030, USD Thousands
TABLE 29 LAMEA Flavor Drops Market by Country, 2019 - 2022, USD Thousands
TABLE 30 LAMEA Flavor Drops Market by Country, 2023 - 2030, USD Thousands
TABLE 31 Brazil Flavor Drops Market, 2019 - 2022, USD Thousands
TABLE 32 Brazil Flavor Drops Market, 2023 - 2030, USD Thousands
TABLE 33 Brazil Flavor Drops Market by Content Type, 2019 - 2022, USD Thousands
TABLE 34 Brazil Flavor Drops Market by Content Type, 2023 - 2030, USD Thousands
TABLE 35 Brazil Flavor Drops Market by Nature, 2019 - 2022, USD Thousands
TABLE 36 Brazil Flavor Drops Market by Nature, 2023 - 2030, USD Thousands
TABLE 37 Brazil Flavor Drops Market by Flavor Type, 2019 - 2022, USD Thousands
TABLE 38 Brazil Flavor Drops Market by Flavor Type, 2023 - 2030, USD Thousands
TABLE 39 Argentina Flavor Drops Market, 2019 - 2022, USD Thousands
TABLE 40 Argentina Flavor Drops Market, 2023 - 2030, USD Thousands
TABLE 41 Argentina Flavor Drops Market by Content Type, 2019 - 2022, USD Thousands
TABLE 42 Argentina Flavor Drops Market by Content Type, 2023 - 2030, USD Thousands
TABLE 43 Argentina Flavor Drops Market by Nature, 2019 - 2022, USD Thousands
TABLE 44 Argentina Flavor Drops Market by Nature, 2023 - 2030, USD Thousands
TABLE 45 Argentina Flavor Drops Market by Flavor Type, 2019 - 2022, USD Thousands
TABLE 46 Argentina Flavor Drops Market by Flavor Type, 2023 - 2030, USD Thousands
TABLE 47 UAE Flavor Drops Market, 2019 - 2022, USD Thousands
TABLE 48 UAE Flavor Drops Market, 2023 - 2030, USD Thousands
TABLE 49 UAE Flavor Drops Market by Content Type, 2019 - 2022, USD Thousands
TABLE 50 UAE Flavor Drops Market by Content Type, 2023 - 2030, USD Thousands
TABLE 51 UAE Flavor Drops Market by Nature, 2019 - 2022, USD Thousands
TABLE 52 UAE Flavor Drops Market by Nature, 2023 - 2030, USD Thousands
TABLE 53 UAE Flavor Drops Market by Flavor Type, 2019 - 2022, USD Thousands
TABLE 54 UAE Flavor Drops Market by Flavor Type, 2023 - 2030, USD Thousands
TABLE 55 Saudi Arabia Flavor Drops Market, 2019 - 2022, USD Thousands
TABLE 56 Saudi Arabia Flavor Drops Market, 2023 - 2030, USD Thousands
TABLE 57 Saudi Arabia Flavor Drops Market by Content Type, 2019 - 2022, USD Thousands
TABLE 58 Saudi Arabia Flavor Drops Market by Content Type, 2023 - 2030, USD Thousands
TABLE 59 Saudi Arabia Flavor Drops Market by Nature, 2019 - 2022, USD Thousands
TABLE 60 Saudi Arabia Flavor Drops Market by Nature, 2023 - 2030, USD Thousands
TABLE 61 Saudi Arabia Flavor Drops Market by Flavor Type, 2019 - 2022, USD Thousands
TABLE 62 Saudi Arabia Flavor Drops Market by Flavor Type, 2023 - 2030, USD Thousands
TABLE 63 South Africa Flavor Drops Market, 2019 - 2022, USD Thousands
TABLE 64 South Africa Flavor Drops Market, 2023 - 2030, USD Thousands
TABLE 65 South Africa Flavor Drops Market by Content Type, 2019 - 2022, USD Thousands
TABLE 66 South Africa Flavor Drops Market by Content Type, 2023 - 2030, USD Thousands
TABLE 67 South Africa Flavor Drops Market by Nature, 2019 - 2022, USD Thousands
TABLE 68 South Africa Flavor Drops Market by Nature, 2023 - 2030, USD Thousands
TABLE 69 South Africa Flavor Drops Market by Flavor Type, 2019 - 2022, USD Thousands
TABLE 70 South Africa Flavor Drops Market by Flavor Type, 2023 - 2030, USD Thousands
TABLE 71 Nigeria Flavor Drops Market, 2019 - 2022, USD Thousands
TABLE 72 Nigeria Flavor Drops Market, 2023 - 2030, USD Thousands
TABLE 73 Nigeria Flavor Drops Market by Content Type, 2019 - 2022, USD Thousands
TABLE 74 Nigeria Flavor Drops Market by Content Type, 2023 - 2030, USD Thousands
TABLE 75 Nigeria Flavor Drops Market by Nature, 2019 - 2022, USD Thousands
TABLE 76 Nigeria Flavor Drops Market by Nature, 2023 - 2030, USD Thousands
TABLE 77 Nigeria Flavor Drops Market by Flavor Type, 2019 - 2022, USD Thousands
TABLE 78 Nigeria Flavor Drops Market by Flavor Type, 2023 - 2030, USD Thousands
TABLE 79 Rest of LAMEA Flavor Drops Market, 2019 - 2022, USD Thousands
TABLE 80 Rest of LAMEA Flavor Drops Market, 2023 - 2030, USD Thousands
TABLE 81 Rest of LAMEA Flavor Drops Market by Content Type, 2019 - 2022, USD Thousands
TABLE 82 Rest of LAMEA Flavor Drops Market by Content Type, 2023 - 2030, USD Thousands
TABLE 83 Rest of LAMEA Flavor Drops Market by Nature, 2019 - 2022, USD Thousands
TABLE 84 Rest of LAMEA Flavor Drops Market by Nature, 2023 - 2030, USD Thousands
TABLE 85 Rest of LAMEA Flavor Drops Market by Flavor Type, 2019 - 2022, USD Thousands
TABLE 86 Rest of LAMEA Flavor Drops Market by Flavor Type, 2023 - 2030, USD Thousands
TABLE 87 Key Information – Aarke AB
TABLE 88 Key Information – Sauer brands inc.
TABLE 89 Key Information – OliveNation, LLC
TABLE 90 Key Information – McCormick & Company, Inc.
TABLE 91 Key Information – Nielsen-Massey Vanillas, Inc.
TABLE 92 Key Information – Kerry Group PLC
TABLE 93 Key Information – International Flavors & Fragrances, Inc.
TABLE 94 Key Information – Myprotein
TABLE 95 Key Information – Sensient Technologies Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Flavor Drops Market, 2019 - 2030, USD Thousands
FIG 3 Key Factors Impacting Flavor Drops Market
FIG 4 Porter’s Five Forces Analysis – Flavor Drops Market
FIG 5 LAMEA Flavor Drops Market share by Content Type, 2022
FIG 6 LAMEA Flavor Drops Market share by Content Type, 2030
FIG 7 LAMEA Flavor Drops Market by Content Type, 2019 - 2030, USD Thousands
FIG 8 LAMEA Flavor Drops Market share by Nature, 2022
FIG 9 LAMEA Flavor Drops Market share by Nature, 2030
FIG 10 LAMEA Flavor Drops Market by Nature, 2019 - 2030, USD Thousands
FIG 11 LAMEA Flavor Drops Market share by Flavor Type, 2022
FIG 12 LAMEA Flavor Drops Market share by Flavor Type, 2030
FIG 13 LAMEA Flavor Drops Market by Flavor Type, 2019 - 2030, USD Thousands
FIG 14 LAMEA Flavor Drops Market share by Country, 2022
FIG 15 LAMEA Flavor Drops Market share by Country, 2030
FIG 16 LAMEA Flavor Drops Market by Country, 2019 - 2030, USD Thousands
FIG 17 SWOT Analysis: Aarke AB
FIG 18 Swot Analysis: Sauer Brands Inc.
FIG 19 SWOT Analysis: OliveNation, LLC
FIG 20 SWOT Analysis: McCormick & Company, Inc.
FIG 21 SWOT Analysis: Nielsen-Massey Vanillas, Inc.
FIG 22 SWOT Analysis: KERRY GROUP PLC
FIG 23 SWOT Analysis: International Flavors & Fragrances, Inc.
FIG 24 Swot Analysis: Sensient Technologies Corporation