PUBLISHER: KBV Research | PRODUCT CODE: 1462056
PUBLISHER: KBV Research | PRODUCT CODE: 1462056
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
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)
LAMEA Flavor Drops 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
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1LAMEA Flavor Drops Market, by Content Type
- 1.4.2LAMEA Flavor Drops Market, by Nature
- 1.4.3LAMEA Flavor Drops Market, by Flavor Type
- 1.4.4LAMEA Flavor Drops Market, by Country
- 1.5Methodology for the research
Chapter 2.Market at a Glance
- 2.1Key Highlights
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.1.1Overview
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter's Five Forces Analysis
Chapter 4.LAMEA Flavor Drops Market by Content Type
- 4.1LAMEA Regular Market by Country
- 4.2LAMEA Sugar Free Market by Country
Chapter 5.LAMEA Flavor Drops Market by Nature
- 5.1LAMEA Conventional Market by Country
- 5.2LAMEA Organic Market by Country
Chapter 6.LAMEA Flavor Drops Market by Flavor Type
- 6.1LAMEA Fruit Market by Country
- 6.2LAMEA Tea-Coffee Market by Country
- 6.3LAMEA Chocolate Market by Country
- 6.4LAMEA Lemon Market by Country
- 6.5LAMEA Vanilla Market by Country
- 6.6LAMEA Others Market by Country
Chapter 7.LAMEA Flavor Drops Market by Country
- 7.1Brazil Flavor Drops Market
- 7.1.1Brazil Flavor Drops Market by Content Type
- 7.1.2Brazil Flavor Drops Market by Nature
- 7.1.3Brazil Flavor Drops Market by Flavor Type
- 7.2Argentina Flavor Drops Market
- 7.2.1Argentina Flavor Drops Market by Content Type
- 7.2.2Argentina Flavor Drops Market by Nature
- 7.2.3Argentina Flavor Drops Market by Flavor Type
- 7.3UAE Flavor Drops Market
- 7.3.1UAE Flavor Drops Market by Content Type
- 7.3.2UAE Flavor Drops Market by Nature
- 7.3.3UAE Flavor Drops Market by Flavor Type
- 7.4Saudi Arabia Flavor Drops Market
- 7.4.1Saudi Arabia Flavor Drops Market by Content Type
- 7.4.2Saudi Arabia Flavor Drops Market by Nature
- 7.4.3Saudi Arabia Flavor Drops Market by Flavor Type
- 7.5South Africa Flavor Drops Market
- 7.5.1South Africa Flavor Drops Market by Content Type
- 7.5.2South Africa Flavor Drops Market by Nature
- 7.5.3South Africa Flavor Drops Market by Flavor Type
- 7.6Nigeria Flavor Drops Market
- 7.6.1Nigeria Flavor Drops Market by Content Type
- 7.6.2Nigeria Flavor Drops Market by Nature
- 7.6.3Nigeria Flavor Drops Market by Flavor Type
- 7.7Rest of LAMEA Flavor Drops Market
- 7.7.1Rest of LAMEA Flavor Drops Market by Content Type
- 7.7.2Rest of LAMEA Flavor Drops Market by Nature
- 7.7.3Rest of LAMEA Flavor Drops Market by Flavor Type
Chapter 8.Company Profiles
- 8.1Aarke AB (Altor Digital AB)
- 8.1.1Company Overview
- 8.1.2SWOT Analysis
- 8.2Sauer Brands Inc.
- 8.2.1Company Overview
- 8.2.2SWOT Analysis
- 8.3OliveNation, LLC
- 8.3.1Company Overview
- 8.3.2SWOT Analysis
- 8.4McCormick & Company, Inc.
- 8.4.1Company Overview
- 8.4.2Financial Analysis
- 8.4.3Segmental and Regional Analysis
- 8.4.4Research & Development Expense
- 8.4.5Recent strategies and developments:
- 8.4.5.1Acquisition and Mergers:
- 8.4.6SWOT Analysis
- 8.5Nielsen-Massey Vanillas, Inc.
- 8.5.1Company Overview
- 8.5.2SWOT Analysis
- 8.6Kerry Group PLC
- 8.6.1Company Overview
- 8.6.2Financial Analysis
- 8.6.3Segmental and Regional Analysis
- 8.6.4Research & Development Expenses
- 8.6.5SWOT Analysis
- 8.7International Flavors & Fragrances, Inc.
- 8.7.1Company Overview
- 8.7.2Financial Analysis
- 8.7.3Segment & Regional Analysis
- 8.7.4Research & Development Expense
- 8.7.5SWOT Analysis
- 8.8Myprotein (The Hut Group)
- 8.8.1Company Overview
- 8.8.2Financial Analysis
- 8.8.3Division and Regional Analysis
- 8.9Sensient Technologies Corporation
- 8.9.1Company Overview
- 8.9.2Financial Analysis
- 8.9.3Segmental and Regional Analysis
- 8.9.4Research & Development Expenses
- 8.9.5Recent strategies and developments:
- 8.9.5.1Acquisition and Mergers:
- 8.9.6SWOT Analysis
LIST OF TABLES
- TABLE 1LAMEA Flavor Drops Market, 2019 - 2022, USD Thousands
- TABLE 2LAMEA Flavor Drops Market, 2023 - 2030, USD Thousands
- TABLE 3LAMEA Flavor Drops Market by Content Type, 2019 - 2022, USD Thousands
- TABLE 4LAMEA Flavor Drops Market by Content Type, 2023 - 2030, USD Thousands
- TABLE 5LAMEA Regular Market by Country, 2019 - 2022, USD Thousands
- TABLE 6LAMEA Regular Market by Country, 2023 - 2030, USD Thousands
- TABLE 7LAMEA Sugar Free Market by Country, 2019 - 2022, USD Thousands
- TABLE 8LAMEA Sugar Free Market by Country, 2023 - 2030, USD Thousands
- TABLE 9LAMEA Flavor Drops Market by Nature, 2019 - 2022, USD Thousands
- TABLE 10LAMEA Flavor Drops Market by Nature, 2023 - 2030, USD Thousands
- TABLE 11LAMEA Conventional Market by Country, 2019 - 2022, USD Thousands
- TABLE 12LAMEA Conventional Market by Country, 2023 - 2030, USD Thousands
- TABLE 13LAMEA Organic Market by Country, 2019 - 2022, USD Thousands
- TABLE 14LAMEA Organic Market by Country, 2023 - 2030, USD Thousands
- TABLE 15LAMEA Flavor Drops Market by Flavor Type, 2019 - 2022, USD Thousands
- TABLE 16LAMEA Flavor Drops Market by Flavor Type, 2023 - 2030, USD Thousands
- TABLE 17LAMEA Fruit Market by Country, 2019 - 2022, USD Thousands
- TABLE 18LAMEA Fruit Market by Country, 2023 - 2030, USD Thousands
- TABLE 19LAMEA Tea-Coffee Market by Country, 2019 - 2022, USD Thousands
- TABLE 20LAMEA Tea-Coffee Market by Country, 2023 - 2030, USD Thousands
- TABLE 21LAMEA Chocolate Market by Country, 2019 - 2022, USD Thousands
- TABLE 22LAMEA Chocolate Market by Country, 2023 - 2030, USD Thousands
- TABLE 23LAMEA Lemon Market by Country, 2019 - 2022, USD Thousands
- TABLE 24LAMEA Lemon Market by Country, 2023 - 2030, USD Thousands
- TABLE 25LAMEA Vanilla Market by Country, 2019 - 2022, USD Thousands
- TABLE 26LAMEA Vanilla Market by Country, 2023 - 2030, USD Thousands
- TABLE 27LAMEA Others Market by Country, 2019 - 2022, USD Thousands
- TABLE 28LAMEA Others Market by Country, 2023 - 2030, USD Thousands
- TABLE 29LAMEA Flavor Drops Market by Country, 2019 - 2022, USD Thousands
- TABLE 30LAMEA Flavor Drops Market by Country, 2023 - 2030, USD Thousands
- TABLE 31Brazil Flavor Drops Market, 2019 - 2022, USD Thousands
- TABLE 32Brazil Flavor Drops Market, 2023 - 2030, USD Thousands
- TABLE 33Brazil Flavor Drops Market by Content Type, 2019 - 2022, USD Thousands
- TABLE 34Brazil Flavor Drops Market by Content Type, 2023 - 2030, USD Thousands
- TABLE 35Brazil Flavor Drops Market by Nature, 2019 - 2022, USD Thousands
- TABLE 36Brazil Flavor Drops Market by Nature, 2023 - 2030, USD Thousands
- TABLE 37Brazil Flavor Drops Market by Flavor Type, 2019 - 2022, USD Thousands
- TABLE 38Brazil Flavor Drops Market by Flavor Type, 2023 - 2030, USD Thousands
- TABLE 39Argentina Flavor Drops Market, 2019 - 2022, USD Thousands
- TABLE 40Argentina Flavor Drops Market, 2023 - 2030, USD Thousands
- TABLE 41Argentina Flavor Drops Market by Content Type, 2019 - 2022, USD Thousands
- TABLE 42Argentina Flavor Drops Market by Content Type, 2023 - 2030, USD Thousands
- TABLE 43Argentina Flavor Drops Market by Nature, 2019 - 2022, USD Thousands
- TABLE 44Argentina Flavor Drops Market by Nature, 2023 - 2030, USD Thousands
- TABLE 45Argentina Flavor Drops Market by Flavor Type, 2019 - 2022, USD Thousands
- TABLE 46Argentina Flavor Drops Market by Flavor Type, 2023 - 2030, USD Thousands
- TABLE 47UAE Flavor Drops Market, 2019 - 2022, USD Thousands
- TABLE 48UAE Flavor Drops Market, 2023 - 2030, USD Thousands
- TABLE 49UAE Flavor Drops Market by Content Type, 2019 - 2022, USD Thousands
- TABLE 50UAE Flavor Drops Market by Content Type, 2023 - 2030, USD Thousands
- TABLE 51UAE Flavor Drops Market by Nature, 2019 - 2022, USD Thousands
- TABLE 52UAE Flavor Drops Market by Nature, 2023 - 2030, USD Thousands
- TABLE 53UAE Flavor Drops Market by Flavor Type, 2019 - 2022, USD Thousands
- TABLE 54UAE Flavor Drops Market by Flavor Type, 2023 - 2030, USD Thousands
- TABLE 55Saudi Arabia Flavor Drops Market, 2019 - 2022, USD Thousands
- TABLE 56Saudi Arabia Flavor Drops Market, 2023 - 2030, USD Thousands
- TABLE 57Saudi Arabia Flavor Drops Market by Content Type, 2019 - 2022, USD Thousands
- TABLE 58Saudi Arabia Flavor Drops Market by Content Type, 2023 - 2030, USD Thousands
- TABLE 59Saudi Arabia Flavor Drops Market by Nature, 2019 - 2022, USD Thousands
- TABLE 60Saudi Arabia Flavor Drops Market by Nature, 2023 - 2030, USD Thousands
- TABLE 61Saudi Arabia Flavor Drops Market by Flavor Type, 2019 - 2022, USD Thousands
- TABLE 62Saudi Arabia Flavor Drops Market by Flavor Type, 2023 - 2030, USD Thousands
- TABLE 63South Africa Flavor Drops Market, 2019 - 2022, USD Thousands
- TABLE 64South Africa Flavor Drops Market, 2023 - 2030, USD Thousands
- TABLE 65South Africa Flavor Drops Market by Content Type, 2019 - 2022, USD Thousands
- TABLE 66South Africa Flavor Drops Market by Content Type, 2023 - 2030, USD Thousands
- TABLE 67South Africa Flavor Drops Market by Nature, 2019 - 2022, USD Thousands
- TABLE 68South Africa Flavor Drops Market by Nature, 2023 - 2030, USD Thousands
- TABLE 69South Africa Flavor Drops Market by Flavor Type, 2019 - 2022, USD Thousands
- TABLE 70South Africa Flavor Drops Market by Flavor Type, 2023 - 2030, USD Thousands
- TABLE 71Nigeria Flavor Drops Market, 2019 - 2022, USD Thousands
- TABLE 72Nigeria Flavor Drops Market, 2023 - 2030, USD Thousands
- TABLE 73Nigeria Flavor Drops Market by Content Type, 2019 - 2022, USD Thousands
- TABLE 74Nigeria Flavor Drops Market by Content Type, 2023 - 2030, USD Thousands
- TABLE 75Nigeria Flavor Drops Market by Nature, 2019 - 2022, USD Thousands
- TABLE 76Nigeria Flavor Drops Market by Nature, 2023 - 2030, USD Thousands
- TABLE 77Nigeria Flavor Drops Market by Flavor Type, 2019 - 2022, USD Thousands
- TABLE 78Nigeria Flavor Drops Market by Flavor Type, 2023 - 2030, USD Thousands
- TABLE 79Rest of LAMEA Flavor Drops Market, 2019 - 2022, USD Thousands
- TABLE 80Rest of LAMEA Flavor Drops Market, 2023 - 2030, USD Thousands
- TABLE 81Rest of LAMEA Flavor Drops Market by Content Type, 2019 - 2022, USD Thousands
- TABLE 82Rest of LAMEA Flavor Drops Market by Content Type, 2023 - 2030, USD Thousands
- TABLE 83Rest of LAMEA Flavor Drops Market by Nature, 2019 - 2022, USD Thousands
- TABLE 84Rest of LAMEA Flavor Drops Market by Nature, 2023 - 2030, USD Thousands
- TABLE 85Rest of LAMEA Flavor Drops Market by Flavor Type, 2019 - 2022, USD Thousands
- TABLE 86Rest of LAMEA Flavor Drops Market by Flavor Type, 2023 - 2030, USD Thousands
- TABLE 87Key Information - Aarke AB
- TABLE 88Key Information - Sauer brands inc.
- TABLE 89Key Information - OliveNation, LLC
- TABLE 90Key Information - McCormick & Company, Inc.
- TABLE 91Key Information - Nielsen-Massey Vanillas, Inc.
- TABLE 92Key Information - Kerry Group PLC
- TABLE 93Key Information - International Flavors & Fragrances, Inc.
- TABLE 94Key Information - Myprotein
- TABLE 95Key Information - Sensient Technologies Corporation
