The global flavor and fragrance market is expected to reach $36 billion in 2022 with Africa expected to play one of the biggest growth opportunities, a report by Mordor Intelligence has predicted.
The report noted that while Africa’s food flavor and enhancer market are small, it is a growing market that is projected to witness a CAGR of 5.12 percent during the forecast period (2020 – 2025).
The report also noted that changing lifestyle of the Africans has led to an increase in the consumption of processed food where flavor enhancers are mostly used, which has driven the food flavor enhancer market in Africa.
The report further explained that the increasing urbanization, rising incomes, a growing regional population, and evolving lifestyle changes are driving the African food flavor and enhancer ingredient market and increasing the consumption of processed foods and beverages.
In a related development, and as part of Symrise AG’s desire to deepen its footprints in the African market, especially the West Africa sub-region, the company has entered a strategic partnership with Freddy Hirsch Nigeria.