The Latin America, Middle East and Africa Meat-Based Flavors Market would witness market growth of 7.3% CAGR during the forecast period (2023-2029).
In light of the ongoing coronavirus outbreak, consumer patterns in home cooking are translating into business prospects for producers of meat flavors. Due to the pandemic's increase in smartphone users, brands are taking advantage of the revenue potential offered by e-Commerce as well as mobile shopping apps. To lessen reliance on imports of raw resources, manufacturers are improving regional production capacities. To avoid supply chain disruptions, they are keeping factories and manufacturing facilities' inventory levels at optimal levels. The HoReCa (Hotels, Restaurants, Cafes) sector's reopening assists in reviving market growth while addressing dangers related to new versions like Omicron and NeoCoV.
Meals that contain meat, cattle, poultry, pig, fish, and other forms of the desired flavoring are provided. The use of meat flavors is primarily limited to processed foods, ready-to-eat meals, soups, sausages, baked goods, instant noodles, savory foods, and other food items. The enormous meat consumer base and expanding acceptance of meat consumption, brought on by the increasing demand for nutrients and proteins, are the main drivers of the market's expansion. With the aid of research and development in science and technology, meat flavors may be found in many culinary products. In order to supply a wide range of meat flavors, market participants are searching for new prospects in the food and beverage sector while concentrating on enhancing product quality through research, development, and innovation.
One of the UAE's fastest-growing industries is the hotel sector, which is located in Abu Dhabi. This growth is the result of both increased investments in the hospitality sector and an increase in the percentage of new business owners and entrepreneurs. Because of the new year's celebration as well as the commemoration of several national and international events, a large number of tourists were attracted to the region. Due to the increased demand for high-end dining options, the hospitality industry is expanding. These components provide industry players in the market with substantial expansion prospects in the LAMEA region.
The Brazil market dominated the LAMEA Meat-Based Flavors Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $99.5 million by 2029. The Argentina market is experiencing a CAGR of 7.9% during (2023 - 2029). Additionally, The UAE market would showcase a CAGR of 7% during (2023 - 2029).
Based on Application, the market is segmented into Soups & Sauces, Baked Goods, Savory, Ready Meals, Processed Meat and Others. Based on Type, the market is segmented into Natural Meat Flavor and Artificial Meat Flavor. Based on Flavor, the market is segmented into Beef, Chicken, Pork, Turkey, Fish & Seafood and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Egypt, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Meat-Based Flavors Market is Projected to reach USD 5 Billion by 2029, at a CAGR of 5.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Archer-Daniels-Midland Company, Sensient Technologies Corporation, Essentia Protein Solutions, DSM-Firmenich, Symrise AG, Givaudan SA, H.E. Stringer Flavours Limited, International Flavors & Fragrances Inc, Kerry Group plc, and Nikken Foods Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Soups & Sauces
- Baked Goods
- Savory
- Ready Meals
- Processed Meat
- Others
By Type
- Natural Meat Flavor
- Artificial Meat Flavor
By Flavor
- Beef
- Chicken
- Pork
- Turkey
- Fish & Seafood
- Others
By Country
- Brazil
- Argentina
- UAE
- Egypt
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Archer-Daniels-Midland Company
- Sensient Technologies Corporation
- Essentia Protein Solutions
- DSM-Firmenich
- Symrise AG
- Givaudan SA
- H.E. Stringer Flavours Limited
- International Flavors & Fragrances Inc
- Kerry Group plc
- Nikken Foods Co., Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Meat-Based Flavors Market, by Application
1.4.2 LAMEA Meat-Based Flavors Market, by Type
1.4.3 LAMEA Meat-Based Flavors Market, by Flavor
1.4.4 LAMEA Meat-Based Flavors Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2019, Aug – 2023, Mar) Leading Players
3.3.3 Key Strategic Move: (Mergers & Acquisition: 2020, Nov – 2023, May) Leading Players
Chapter 4. LAMEA Meat-Based Flavors Market by Application
4.1 LAMEA Soups & Sauces Market by Country
4.2 LAMEA Baked Goods Market by Country
4.3 LAMEA Savory Market by Country
4.4 LAMEA Ready Meals Market by Country
4.5 LAMEA Processed Meat Market by Country
4.6 LAMEA Others Market by Country
Chapter 5. LAMEA Meat-Based Flavors Market by Type
5.1 LAMEA Natural Meat Flavor Market by Country
5.2 LAMEA Artificial Meat Flavor Market by Country
Chapter 6. LAMEA Meat-Based Flavors Market by Flavor
6.1 LAMEA Beef Market by Country
6.2 LAMEA Chicken Market by Country
6.3 LAMEA Pork Market by Country
6.4 LAMEA Turkey Market by Country
6.5 LAMEA Fish & Seafood Market by Country
6.6 LAMEA Others Market by Country
Chapter 7. LAMEA Meat-Based Flavors Market by Country
7.1 Brazil Meat-Based Flavors Market
7.1.1 Brazil Meat-Based Flavors Market by Application
7.1.2 Brazil Meat-Based Flavors Market by Type
7.1.3 Brazil Meat-Based Flavors Market by Flavor
7.2 Argentina Meat-Based Flavors Market
7.2.1 Argentina Meat-Based Flavors Market by Application
7.2.2 Argentina Meat-Based Flavors Market by Type
7.2.3 Argentina Meat-Based Flavors Market by Flavor
7.3 UAE Meat-Based Flavors Market
7.3.1 UAE Meat-Based Flavors Market by Application
7.3.2 UAE Meat-Based Flavors Market by Type
7.3.3 UAE Meat-Based Flavors Market by Flavor
7.4 Egypt Meat-Based Flavors Market
7.4.1 Egypt Meat-Based Flavors Market by Application
7.4.2 Egypt Meat-Based Flavors Market by Type
7.4.3 Egypt Meat-Based Flavors Market by Flavor
7.5 South Africa Meat-Based Flavors Market
7.5.1 South Africa Meat-Based Flavors Market by Application
7.5.2 South Africa Meat-Based Flavors Market by Type
7.5.3 South Africa Meat-Based Flavors Market by Flavor
7.6 Nigeria Meat-Based Flavors Market
7.6.1 Nigeria Meat-Based Flavors Market by Application
7.6.2 Nigeria Meat-Based Flavors Market by Type
7.6.3 Nigeria Meat-Based Flavors Market by Flavor
7.7 Rest of LAMEA Meat-Based Flavors Market
7.7.1 Rest of LAMEA Meat-Based Flavors Market by Application
7.7.2 Rest of LAMEA Meat-Based Flavors Market by Type
7.7.3 Rest of LAMEA Meat-Based Flavors Market by Flavor
Chapter 8. Company Profiles
8.1 Archer Daniels Midland Company
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Acquisition and Mergers:
8.2 Sensient Technologies Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Product Launches and Product Expansions:
8.2.5.2 Acquisition and Mergers:
8.3 Symrise AG
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Acquisition and Mergers:
8.4 International Flavors & Fragrances, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segment & Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Product Launches and Product Expansions:
8.4.5.3 Acquisition and Mergers:
8.5 Givaudan S.A.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Product Launches and Product Expansions:
8.5.5.3 Acquisition and Mergers:
8.6 Kerry Group PLC
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Product Launches and Product Expansions:
8.6.5.3 Acquisition and Mergers:
8.7 DSM-Firmenich
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.7.5.2 Product Launches and Product Expansions:
8.7.5.3 Acquisition and Mergers:
8.8 Essentia Protein Solutions
8.8.1 Company Overview
8.9 H.E. Stringer Flavours Limited
8.9.1 Company Overview
8.10. Nikken Foods Co., Ltd.
8.10.1 Company Overview
TABLE 1 LAMEA Meat-Based Flavors Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Meat-Based Flavors Market, 2023 - 2029, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Meat-Based Flavors Market
TABLE 4 Product Launches And Product Expansions– Meat-Based Flavors Market
TABLE 5 Acquisition and Mergers– Meat-Based Flavors Market
TABLE 6 LAMEA Meat-Based Flavors Market by Application, 2019 - 2022, USD Million
TABLE 7 LAMEA Meat-Based Flavors Market by Application, 2023 - 2029, USD Million
TABLE 8 LAMEA Soups & Sauces Market by Country, 2019 - 2022, USD Million
TABLE 9 LAMEA Soups & Sauces Market by Country, 2023 - 2029, USD Million
TABLE 10 LAMEA Baked Goods Market by Country, 2019 - 2022, USD Million
TABLE 11 LAMEA Baked Goods Market by Country, 2023 - 2029, USD Million
TABLE 12 LAMEA Savory Market by Country, 2019 - 2022, USD Million
TABLE 13 LAMEA Savory Market by Country, 2023 - 2029, USD Million
TABLE 14 LAMEA Ready Meals Market by Country, 2019 - 2022, USD Million
TABLE 15 LAMEA Ready Meals Market by Country, 2023 - 2029, USD Million
TABLE 16 LAMEA Processed Meat Market by Country, 2019 - 2022, USD Million
TABLE 17 LAMEA Processed Meat Market by Country, 2023 - 2029, USD Million
TABLE 18 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 19 LAMEA Others Market by Country, 2023 - 2029, USD Million
TABLE 20 LAMEA Meat-Based Flavors Market by Type, 2019 - 2022, USD Million
TABLE 21 LAMEA Meat-Based Flavors Market by Type, 2023 - 2029, USD Million
TABLE 22 LAMEA Natural Meat Flavor Market by Country, 2019 - 2022, USD Million
TABLE 23 LAMEA Natural Meat Flavor Market by Country, 2023 - 2029, USD Million
TABLE 24 LAMEA Artificial Meat Flavor Market by Country, 2019 - 2022, USD Million
TABLE 25 LAMEA Artificial Meat Flavor Market by Country, 2023 - 2029, USD Million
TABLE 26 LAMEA Meat-Based Flavors Market by Flavor, 2019 - 2022, USD Million
TABLE 27 LAMEA Meat-Based Flavors Market by Flavor, 2023 - 2029, USD Million
TABLE 28 LAMEA Beef Market by Country, 2019 - 2022, USD Million
TABLE 29 LAMEA Beef Market by Country, 2023 - 2029, USD Million
TABLE 30 LAMEA Chicken Market by Country, 2019 - 2022, USD Million
TABLE 31 LAMEA Chicken Market by Country, 2023 - 2029, USD Million
TABLE 32 LAMEA Pork Market by Country, 2019 - 2022, USD Million
TABLE 33 LAMEA Pork Market by Country, 2023 - 2029, USD Million
TABLE 34 LAMEA Turkey Market by Country, 2019 - 2022, USD Million
TABLE 35 LAMEA Turkey Market by Country, 2023 - 2029, USD Million
TABLE 36 LAMEA Fish & Seafood Market by Country, 2019 - 2022, USD Million
TABLE 37 LAMEA Fish & Seafood Market by Country, 2023 - 2029, USD Million
TABLE 38 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 39 LAMEA Others Market by Country, 2023 - 2029, USD Million
TABLE 40 LAMEA Meat-Based Flavors Market by Country, 2019 - 2022, USD Million
TABLE 41 LAMEA Meat-Based Flavors Market by Country, 2023 - 2029, USD Million
TABLE 42 Brazil Meat-Based Flavors Market, 2019 - 2022, USD Million
TABLE 43 Brazil Meat-Based Flavors Market, 2023 - 2029, USD Million
TABLE 44 Brazil Meat-Based Flavors Market by Application, 2019 - 2022, USD Million
TABLE 45 Brazil Meat-Based Flavors Market by Application, 2023 - 2029, USD Million
TABLE 46 Brazil Meat-Based Flavors Market by Type, 2019 - 2022, USD Million
TABLE 47 Brazil Meat-Based Flavors Market by Type, 2023 - 2029, USD Million
TABLE 48 Brazil Meat-Based Flavors Market by Flavor, 2019 - 2022, USD Million
TABLE 49 Brazil Meat-Based Flavors Market by Flavor, 2023 - 2029, USD Million
TABLE 50 Argentina Meat-Based Flavors Market, 2019 - 2022, USD Million
TABLE 51 Argentina Meat-Based Flavors Market, 2023 - 2029, USD Million
TABLE 52 Argentina Meat-Based Flavors Market by Application, 2019 - 2022, USD Million
TABLE 53 Argentina Meat-Based Flavors Market by Application, 2023 - 2029, USD Million
TABLE 54 Argentina Meat-Based Flavors Market by Type, 2019 - 2022, USD Million
TABLE 55 Argentina Meat-Based Flavors Market by Type, 2023 - 2029, USD Million
TABLE 56 Argentina Meat-Based Flavors Market by Flavor, 2019 - 2022, USD Million
TABLE 57 Argentina Meat-Based Flavors Market by Flavor, 2023 - 2029, USD Million
TABLE 58 UAE Meat-Based Flavors Market, 2019 - 2022, USD Million
TABLE 59 UAE Meat-Based Flavors Market, 2023 - 2029, USD Million
TABLE 60 UAE Meat-Based Flavors Market by Application, 2019 - 2022, USD Million
TABLE 61 UAE Meat-Based Flavors Market by Application, 2023 - 2029, USD Million
TABLE 62 UAE Meat-Based Flavors Market by Type, 2019 - 2022, USD Million
TABLE 63 UAE Meat-Based Flavors Market by Type, 2023 - 2029, USD Million
TABLE 64 UAE Meat-Based Flavors Market by Flavor, 2019 - 2022, USD Million
TABLE 65 UAE Meat-Based Flavors Market by Flavor, 2023 - 2029, USD Million
TABLE 66 Egypt Meat-Based Flavors Market, 2019 - 2022, USD Million
TABLE 67 Egypt Meat-Based Flavors Market, 2023 - 2029, USD Million
TABLE 68 Egypt Meat-Based Flavors Market by Application, 2019 - 2022, USD Million
TABLE 69 Egypt Meat-Based Flavors Market by Application, 2023 - 2029, USD Million
TABLE 70 Egypt Meat-Based Flavors Market by Type, 2019 - 2022, USD Million
TABLE 71 Egypt Meat-Based Flavors Market by Type, 2023 - 2029, USD Million
TABLE 72 Egypt Meat-Based Flavors Market by Flavor, 2019 - 2022, USD Million
TABLE 73 Egypt Meat-Based Flavors Market by Flavor, 2023 - 2029, USD Million
TABLE 74 South Africa Meat-Based Flavors Market, 2019 - 2022, USD Million
TABLE 75 South Africa Meat-Based Flavors Market, 2023 - 2029, USD Million
TABLE 76 South Africa Meat-Based Flavors Market by Application, 2019 - 2022, USD Million
TABLE 77 South Africa Meat-Based Flavors Market by Application, 2023 - 2029, USD Million
TABLE 78 South Africa Meat-Based Flavors Market by Type, 2019 - 2022, USD Million
TABLE 79 South Africa Meat-Based Flavors Market by Type, 2023 - 2029, USD Million
TABLE 80 South Africa Meat-Based Flavors Market by Flavor, 2019 - 2022, USD Million
TABLE 81 South Africa Meat-Based Flavors Market by Flavor, 2023 - 2029, USD Million
TABLE 82 Nigeria Meat-Based Flavors Market, 2019 - 2022, USD Million
TABLE 83 Nigeria Meat-Based Flavors Market, 2023 - 2029, USD Million
TABLE 84 Nigeria Meat-Based Flavors Market by Application, 2019 - 2022, USD Million
TABLE 85 Nigeria Meat-Based Flavors Market by Application, 2023 - 2029, USD Million
TABLE 86 Nigeria Meat-Based Flavors Market by Type, 2019 - 2022, USD Million
TABLE 87 Nigeria Meat-Based Flavors Market by Type, 2023 - 2029, USD Million
TABLE 88 Nigeria Meat-Based Flavors Market by Flavor, 2019 - 2022, USD Million
TABLE 89 Nigeria Meat-Based Flavors Market by Flavor, 2023 - 2029, USD Million
TABLE 90 Rest of LAMEA Meat-Based Flavors Market, 2019 - 2022, USD Million
TABLE 91 Rest of LAMEA Meat-Based Flavors Market, 2023 - 2029, USD Million
TABLE 92 Rest of LAMEA Meat-Based Flavors Market by Application, 2019 - 2022, USD Million
TABLE 93 Rest of LAMEA Meat-Based Flavors Market by Application, 2023 - 2029, USD Million
TABLE 94 Rest of LAMEA Meat-Based Flavors Market by Type, 2019 - 2022, USD Million
TABLE 95 Rest of LAMEA Meat-Based Flavors Market by Type, 2023 - 2029, USD Million
TABLE 96 Rest of LAMEA Meat-Based Flavors Market by Flavor, 2019 - 2022, USD Million
TABLE 97 Rest of LAMEA Meat-Based Flavors Market by Flavor, 2023 - 2029, USD Million
TABLE 98 key Information – Archer Daniels Midland Company
TABLE 99 Key Information – Sensient Technologies Corporation
TABLE 100 key Information – Symrise AG
TABLE 101 Key information – International Flavors & Fragrances, Inc.
TABLE 102 key Information – Givaudan S.A.
TABLE 103 Key Information – Kerry Group PLC
TABLE 104 key Information – dsm-firmenich
TABLE 105 Key Information – Essentia Protein Solutions
TABLE 106 Key Information – H.E. Stringer Flavours Limited
TABLE 107 Key Information – Nikken Foods Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 4 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2019, Aug – 2023, Mar) Leading Players
FIG 5 Key Strategic Move: (Mergers & Acquisition: 2020, Nov – 2023, May) Leading Players
FIG 6 LAMEA Meat-Based Flavors Market share by Application, 2022
FIG 7 LAMEA Meat-Based Flavors Market share by Application, 2029
FIG 8 LAMEA Meat-Based Flavors Market by Application, 2019 - 2029, USD Million
FIG 9 LAMEA Meat-Based Flavors Market share by Type, 2022
FIG 10 LAMEA Meat-Based Flavors Market share by Type, 2029
FIG 11 LAMEA Meat-Based Flavors Market by Type, 2019 - 2029, USD Million
FIG 12 LAMEA Meat-Based Flavors Market share by Flavor, 2022
FIG 13 LAMEA Meat-Based Flavors Market share by Flavor, 2029
FIG 14 LAMEA Meat-Based Flavors Market by Flavor, 2019 - 2029, USD Million
FIG 15 LAMEA Meat-Based Flavors Market share by Country, 2022
FIG 16 LAMEA Meat-Based Flavors Market share by Country, 2029
FIG 17 LAMEA Meat-Based Flavors Market by Country, 2019 - 2029, USD Million
FIG 18 Recent strategies and developments: Archer-Daniels-Midland Company
FIG 19 Recent strategies and developments: Sensient Technologies Corporation
FIG 20 Recent strategies and developments: Symrise AG
FIG 21 Recent strategies and developments: International Flavors & Fragrances, Inc.
FIG 22 Recent strategies and developments: Givaudan SA
FIG 23 Recent strategies and developments: Kerry Group plc
FIG 24 Recent strategies and developments: DSM-Firmenich