+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

LAMEA Flavor Drops Market Size, Share & Trends Analysis Report By Content Type (Regular, and Sugar Free), By Nature, By Flavor Type (Fruit, Tea-Coffee, Chocolate, Lemon, Vanilla, and Others), By Country and Growth Forecast, 2023 - 2030

  • PDF Icon

    Report

  • 107 Pages
  • March 2024
  • Region: Africa, Middle East
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5949601
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.

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)

Market Report Segmentation

By Content Type
  • Regular
  • Sugar Free
By Nature
  • Conventional
  • Organic
By Flavor Type
  • Fruit
  • Tea-Coffee
  • Chocolate
  • Lemon
  • Vanilla
  • Others
By Country
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Flavor Drops Market, by Content Type
1.4.2 LAMEA Flavor Drops Market, by Nature
1.4.3 LAMEA Flavor Drops Market, by Flavor Type
1.4.4 LAMEA Flavor Drops Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. LAMEA Flavor Drops Market by Content Type
4.1 LAMEA Regular Market by Country
4.2 LAMEA Sugar Free Market by Country
Chapter 5. LAMEA Flavor Drops Market by Nature
5.1 LAMEA Conventional Market by Country
5.2 LAMEA Organic Market by Country
Chapter 6. LAMEA Flavor Drops Market by Flavor Type
6.1 LAMEA Fruit Market by Country
6.2 LAMEA Tea-Coffee Market by Country
6.3 LAMEA Chocolate Market by Country
6.4 LAMEA Lemon Market by Country
6.5 LAMEA Vanilla Market by Country
6.6 LAMEA Others Market by Country
Chapter 7. LAMEA Flavor Drops Market by Country
7.1 Brazil Flavor Drops Market
7.1.1 Brazil Flavor Drops Market by Content Type
7.1.2 Brazil Flavor Drops Market by Nature
7.1.3 Brazil Flavor Drops Market by Flavor Type
7.2 Argentina Flavor Drops Market
7.2.1 Argentina Flavor Drops Market by Content Type
7.2.2 Argentina Flavor Drops Market by Nature
7.2.3 Argentina Flavor Drops Market by Flavor Type
7.3 UAE Flavor Drops Market
7.3.1 UAE Flavor Drops Market by Content Type
7.3.2 UAE Flavor Drops Market by Nature
7.3.3 UAE Flavor Drops Market by Flavor Type
7.4 Saudi Arabia Flavor Drops Market
7.4.1 Saudi Arabia Flavor Drops Market by Content Type
7.4.2 Saudi Arabia Flavor Drops Market by Nature
7.4.3 Saudi Arabia Flavor Drops Market by Flavor Type
7.5 South Africa Flavor Drops Market
7.5.1 South Africa Flavor Drops Market by Content Type
7.5.2 South Africa Flavor Drops Market by Nature
7.5.3 South Africa Flavor Drops Market by Flavor Type
7.6 Nigeria Flavor Drops Market
7.6.1 Nigeria Flavor Drops Market by Content Type
7.6.2 Nigeria Flavor Drops Market by Nature
7.6.3 Nigeria Flavor Drops Market by Flavor Type
7.7 Rest of LAMEA Flavor Drops Market
7.7.1 Rest of LAMEA Flavor Drops Market by Content Type
7.7.2 Rest of LAMEA Flavor Drops Market by Nature
7.7.3 Rest of LAMEA Flavor Drops Market by Flavor Type
Chapter 8. Company Profiles
8.1 Aarke AB (Altor Digital AB)
8.1.1 Company Overview
8.1.2 SWOT Analysis
8.2 Sauer Brands Inc.
8.2.1 Company Overview
8.2.2 SWOT Analysis
8.3 OliveNation, LLC
8.3.1 Company Overview
8.3.2 SWOT Analysis
8.4 McCormick & Company, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Acquisition and Mergers:
8.4.6 SWOT Analysis
8.5 Nielsen-Massey Vanillas, Inc.
8.5.1 Company Overview
8.5.2 SWOT Analysis
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 SWOT Analysis
8.7 International Flavors & Fragrances, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segment & Regional Analysis
8.7.4 Research & Development Expense
8.7.5 SWOT Analysis
8.8 Myprotein (The Hut Group)
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Division and Regional Analysis
8.9 Sensient Technologies Corporation
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Acquisition and Mergers:
8.9.6 SWOT Analysis

Companies Mentioned

  • 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)

Methodology

Loading
LOADING...