Asia Pacific Food Flavor Market

Asia Pacific Food Flavor Market by Types (Natural Flavors, Synthetic Flavors, and Nature Identical Flavors), Applications (Dairy, Bakery, Confectionery, Snack and Beverages, and Other Applications), and Geography (China, Japan, India, Australia, and Rest of Asia Pacific) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.

  • Report ID: FB-2118
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 182
  • Format:
  • Pub. Date: Upcoming
  • Share:

The Asia Pacific food flavor market size is anticipated to expand a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to growing demand for consumers in the developing countries, seeking for food products or dish with enhanced taste.

Asia Pacific Food Flavor Market summary

Food flavor is frequently utilized to enhance the flavor of foods as they have no nutritional properties. The most common food flavor additions are natural and artificial varieties. The perishable food products lose taste over time after processing and preservation. Thus, it is necessary to use food flavor substances to help retain the flavor. Natural food flavors are essential oils or compounds extracted from spices, bark, vegetables, fruits, buds, leaves, meat, seafood, and dairy products, among others. Artificial flavors are simply chemical mixtures that taste and smell similar to natural flavors.

Market Trends, Drivers, Restraints, and Opportunities:

  • Increasing demand for food flavors in the food and beverage business for a variety of reasons, including new product development and changing the taste of existing products, is driving the growth of market.
  • The COVID-19 pandemic disrupted the manufacturing industry, hampered the growth of the market. However, the relaxation in the restrictions in emerging countries such as India and China is expected to help the market reach pre-COVID levels soon.
  • High cost of raw materials used in the production of food flavors can restrain the growth of market in the projected timeline.
  • Technological advancements in the food manufacturing technologies is anticipated to foster the market growth.
  • Rising demand for fast or processed food products is anticipated to provide growth opportunities in the food flavor market during the forecast period.

Scope of the Report

The report on the Asia Pacific food flavor market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Asia Pacific food flavor market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (Natural Flavors, Synthetic Flavors, and Nature Identical Flavors) and Applications (Dairy, Bakery, Confectionery, Snack and Beverage, and Other Applications)

Geographical scope

China, Japan, India, Australia, and Rest of Asia Pacific

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Sensient Technologies; Koninklijke DSM N.V.; Kerry Group plc; and  BASF SE

Asia Pacific Food Flavor Market Segment Insights

Natural flavor segment is expected to grow at a rapid pace

Based on types, the market is divided into natural flavors, synthetic flavors, and nature identical flavors. The natural flavors segment is expected to grow at a rapid pace during the forecast period. Natural flavors are derived from plants, herbs & spices, fruits, vegetables, and microbial fermentations. Natural flavors are high in demand due to the growing interest in nutritionally enhanced and natural products. However, the nature identical flavors segment is anticipated to hold a key share of the market in the coming years. Nature identical flavors are chemically synthesized rather than extracted from the natural sources.

Asia Pacific Food Flavor Market types

Dairy segment is projected to exhibit a high CAGR

On the basis of applications, the Asia Pacific food flavor market is segregated into dairy, bakery, confectionery, snack and beverage, and other applications. The dairy segment is projected to expected to exhibit a high CAGR during the forecast period due to rising consumption of dairy products to fulfill the protein requirement of the body. On the other hand, the bakery segment is projected to expected to grow at a steady pace in the projected timeline.

India is anticipated to constitute a significant market share

In terms of regions, the market is classified as China, Japan, India, Australia, Rest of Asia Pacific. India is expected to constitute a significant market during the projected period. Consumers unwillingness to compromise with food flavor is driving the market growth in the country. Moreover, increasing demand for exotic tastes for various cuisines are encouraging players to come up with new and healthier flavors.
 

Segments

Segments Covered in the Report
The Asia-pacific food flavor market has been segmented on the basis of
Types

  • Natural Flavors
  • Synthetic Flavors
  • Nature Identical Flavors

 Applications

  • Dairy
  • Bakery
  • Confectionery
  • Snack and Beverage

Geography    

  • China
  • Japan India
  • Australia
  • Rest of Asia Pacific

Key Players

  • Sensient Technologies
  • Koninklijke DSM N.V
  • Kerry Group plc
  • BASF SE

 

Competitive Landscape

Key players competing in the Asia-pacific food flavor market are Sensient Technologies; Koninklijke DSM N.V.; Kerry Group plc; BASF SE.

Companies are adopting strategies such as acquisitions, expansions, and capacity expansion to expand their market share.

Asia Pacific Food Flavor Market keyplayers
 

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Food Flavor Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Food Flavor Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Food Flavor Market - Supply Chain
  4.5. Global Food Flavor Market Forecast
     4.5.1. Food Flavor Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Food Flavor Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Food Flavor Market Absolute $ Opportunity
5. Global Food Flavor Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Food Flavor Market Size and Volume Forecast by Types
     5.3.1. Natural Flavors
     5.3.2. Synthetic Flavors
     5.3.3. Nature Identical Flavors
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Food Flavor Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Food Flavor Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Food Flavor Demand Share Forecast, 2019-2026
7. North America Food Flavor Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Food Flavor Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Food Flavor Market Size and Volume Forecast by Types
     7.4.1. Natural Flavors
     7.4.2. Synthetic Flavors
     7.4.3. Nature Identical Flavors
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Food Flavor Demand Share Forecast, 2019-2026
8. Latin America Food Flavor Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Food Flavor Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Food Flavor Market Size and Volume Forecast by Types
     8.4.1. Natural Flavors
     8.4.2. Synthetic Flavors
     8.4.3. Nature Identical Flavors
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Food Flavor Demand Share Forecast, 2019-2026
9. Europe Food Flavor Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Food Flavor Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Food Flavor Market Size and Volume Forecast by Types
     9.4.1. Natural Flavors
     9.4.2. Synthetic Flavors
     9.4.3. Nature Identical Flavors
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Food Flavor Demand Share Forecast, 2019-2026
10. Asia Pacific Food Flavor Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Food Flavor Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Food Flavor Market Size and Volume Forecast by Types
     10.4.1. Natural Flavors
     10.4.2. Synthetic Flavors
     10.4.3. Nature Identical Flavors
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Food Flavor Demand Share Forecast, 2019-2026
11. Middle East & Africa Food Flavor Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Food Flavor Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Food Flavor Market Size and Volume Forecast by Types
     11.4.1. Natural Flavors
     11.4.2. Synthetic Flavors
     11.4.3. Nature Identical Flavors
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Food Flavor Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Food Flavor Market: Market Share Analysis
  12.2. Food Flavor Distributors and Customers
  12.3. Food Flavor Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Sensient Technologies
     12.4.2. Koninklijke DSM N.V
     12.4.3. Kerry Group plc
     12.4.4. BASF SE

Segments Covered in the Report
The Asia-pacific food flavor market has been segmented on the basis of
Types

  • Natural Flavors
  • Synthetic Flavors
  • Nature Identical Flavors

 Applications

  • Dairy
  • Bakery
  • Confectionery
  • Snack and Beverage

Geography    

  • China
  • Japan India
  • Australia
  • Rest of Asia Pacific

Key Players

  • Sensient Technologies
  • Koninklijke DSM N.V
  • Kerry Group plc
  • BASF SE

 

Key players competing in the Asia-pacific food flavor market are Sensient Technologies; Koninklijke DSM N.V.; Kerry Group plc; BASF SE.

Companies are adopting strategies such as acquisitions, expansions, and capacity expansion to expand their market share.

Asia Pacific Food Flavor Market keyplayers
 

Buy Report