GCC Food Flavors Market Research Report

GCC Food Flavors Market:

Growth opportunities in the GCC food flavors market look promising over the next six years. This is mainly due to the increasing demand for a year-round supply of seasonal food items and ready-to-eat means and the shift towards frozen food due to the hectic lifestyle of people.

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GCC Food Flavors Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

Individuals, primarily in UAE and Saudi Arabia, are searching for a year-round supply of ready-to-eat means and seasonable food items, which is one of the major drivers responsible for the growth of the GCC food flavors market. The busy lifestyle of people has resulted in an incline towards frozen food products, with a lot of nutritional content. According to the data collected by the UAE government, there has been a rapid boost in the total working population, with a total of 7.38 million labor force in 2018. The frozen and precooked meals, including veg meals, meatballs, and food products, are halal certified, owing to which they are experiencing robust growth across the country. The stimulating residential and hospitality sector, accompanied by the boost in the infrastructure projects such as the Murcia Residential Project, Four Season Jeddah Corniche, Qiddiya City, Neom Business City, and Jabal Omar Projects, will propel the food flavour market share. However, the rising consciousness towards the toxicity levels in pesticides and other health issues will curb the market size.

Origin Type Segment Drivers

On the basis of origin type, natural food flavors are projected to witness a higher CAGR over the forecast period. Natural food flavors are obtained from fruit juice or fruit, spices, vegetable juice, or edible vegetable yeast and provide numerous advantages like additional medicinal properties, decreasing food preparation time, and are nearly effortless. This has strengthened the market growth.

Application Segment Drivers

Based on the application, the beverage segment is anticipated to expand at a faster CAGR over the forecast period attributed to the expansion in this industry-led by changing consumer tastes and preferences. The industry mainly uses flavors, including high fructose corn syrup (HFCS), citric, malic, phosphoric, and sucralose acid. The rising demand for natural flavors across consumers supports the manufacturers to opt for natural flavors to capture the varying demand of the target audience.

GCC Food Flavors Market Segmentation:

Segmentation by Origin Type:

·         Natural

·         Artificial

Segmentation by Form:

·         Liquid

·         Power & Pastes

Segmentation by Application:

·         Beverages

·         Bakery

·         Cereals

·         Soups and Sauces

·         Desserts

·         Dairy and Frozen Products

·         Snacks and Savory

·         Animal and Pet Food

·         Others

Segmentation by Countries:

·         UAE

·         Saudi Arabia

·         Oman

·         Kuwait

·         Rest of GCC

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

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