9 Sep
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:
Segmentation by Form:
Segmentation by Application:
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