Asia-Pacific Flavor Enhancer Market

Asia-Pacific Flavor Enhancer Market by Type (Acidulants, Glutamates, and Others), Application (Bakery, Confectionery, Processed Food, Dairy Product, Beverage, and Others), and Geography (China, Australia, Japan, India, and Rest of Asia-Pacific) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: FB-1219
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 1
  • No. Of Pages: 145
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The Asia-Pacific flavor enhancer market size is anticipated to register a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to changing lifestyle that has resulted in an increase in the consumption of processed foods, where flavor enhancers are commonly utilized.

Asia-Pacific Flavor Enhancer Market Key Takeaways

Flavor enhancers are additives that are used to change or improve the flavor of meals. They're mostly used to improve the flavor and texture of food and beverages.. These taste enhancers are harmless in small amounts, but in big concentrations, they can induce high blood pressure and allergies. Food products that contain taste enhancers include salty snacks, prepared meals, and spices. Fluctuations in raw materials and regulatory frameworks, as well as the creation of unique natural flavor products in response to changing lifestyles and eating habits, have all contributed to the market growth.

Taste enhancers give food goods their 'Umami' flavor. Flavor enhancers are employed in small amounts, with approximately 0.1 percent to 0.5 percent added to the final product. The major factor boosting the market is growing popularity of Asian cuisines throughout the world. To fulfill the growing demand for clean labeling, numerous firms have recently released natural taste enhancers.

Market Trends, Drivers, Restraints, and Opportunities

  • R&D investment and technological advancements in flavor enhancer market is projected to create lucrative growth opportunities for the market players.
  • Rising consumer concern of health as flavor enhancers are artificially generated, they might cause health and skin problems are expected to restrict the market growth.
  • Regulatory restrictions, a high entry barrier, and rising raw material prices act as main challenge that can hinder the market expansion in the coming years.
  • Increased technical breakthroughs and rising demand for food items is estimated to significant opportunities for the market players.

Scope of the Report

The report on the Asia-Pacific flavor enhancer 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

Flavor Enhancer Market - Asia-Pacific Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (Acidulants, Glutamates, and Others) and Applications (Bakery, Confectionery, Processed Food, Dairy Product, Beverage, and Others)

Geographical Scope

Asia Pacific (China, Australia, Japan, India, 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

Cargill Inc, Ajinomoto Group, Firmenich SA, Givaudan, and Kerry Group plc.


Market Segment Insights

The glutamate segment is projected to represent a major market share
On the basis of types, the Asia-Pacific flavor enhancer market is divided into acidulants, glutamates, and others. The glutamate segment is expected to represent a key share of the market during the forecast period. With over 93 percent of global MSG production capacity, Asia is the world's leading producer of glutamates, including MSG. Factors such as growing demand, cheap and plentiful labor, and use in processed foods are the major reasons for its increased production in Asia. Cheese, seafood, meat broths, and a number of other foods contain glutamate, a potent taste enhancer. Professor Kikunae Ikeda, a Japanese scientist, identified umami, a flavor attributed to glutamic acid, as the fifth basic flavor on the tongue, after sweet, sour, salty, and bitter, and as the location of the umami receptor taste. Despite the fact that glutamate occurs naturally in a variety of foods, it is commonly utilized to improve flavor. Fermentation was utilized in Japan to make glutamate for the first time.

The dairy product segment is expected to expand at a rapid pace
On the basis of applications, the Asia-Pacific flavor enhancer market is segregated into bakery, confectionery, processed food, dairy product, beverage, and others. The dairy product segment is estimated to hold a key share of the market during the forecast period.

Rapid expansion of the dairy sector in the region, as well as growing consumer demand for ice cream, yoghurt, and creams is estimated to drive the market. In Asia Pacific, revenue produced by dairy and egg products is anticipated to reach USD 355.97 billion by 2021, with average per capita consumption anticipated to reach roughly 37.9 kg in 2021, indicating strong development possibilities for the dairy industry.

Asia-Pacific Flavor Enhancer Market By Applications

India is expected to dominate the market
On the basis of geography the Asia Pacific flavor enhancer market is classified as China, Australia, Japan, India, and Rest of Asia Pacific. The market in India is rapidly rising. Consumers are unwilling to compromise on food quality. The market's need for new and exotic tastes is growing, forcing players to come up with unique and nutritious tastes. Regional and traditional cuisines are in high demand throughout the Indian subcontinent. The natural and synthetic taste enhancers are equally important in the market. The dairy sector is increasingly using flavors and enhancers, which can be ascribed to rising demand for flavored milk, particularly in metropolitan areas.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Flavor Enhancer 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. Flavor Enhancer Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Flavor Enhancer Market - Supply Chain
  4.5. Global Flavor Enhancer Market Forecast
     4.5.1. Flavor Enhancer Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Flavor Enhancer Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Flavor Enhancer Market Absolute $ Opportunity
5. Global Flavor Enhancer 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. Flavor Enhancer Market Size and Volume Forecast by Types
     5.3.1. Acidulants Glutamates Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Flavor Enhancer Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Flavor Enhancer Market Size and Volume Forecast by Applications
     6.3.1. Bakery Confectionery Processed Food Dairy Products Beverage Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Flavor Enhancer Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Flavor Enhancer Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Flavor Enhancer Demand Share Forecast, 2019-2026
8. North America Flavor Enhancer 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
  8.2. North America Flavor Enhancer Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Flavor Enhancer Market Size and Volume Forecast by Types
     8.4.1. Acidulants Glutamates Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Flavor Enhancer Market Size and Volume Forecast by Applications
     8.7.1. Bakery Confectionery Processed Food Dairy Products Beverage Others
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Flavor Enhancer Demand Share Forecast, 2019-2026
9. Latin America Flavor Enhancer 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. Latin America Average Pricing Analysis
  9.2. Latin America Flavor Enhancer Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Flavor Enhancer Market Size and Volume Forecast by Types
     9.4.1. Acidulants Glutamates Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Flavor Enhancer Market Size and Volume Forecast by Applications
     9.7.1. Bakery Confectionery Processed Food Dairy Products Beverage Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Flavor Enhancer Demand Share Forecast, 2019-2026
10. Europe Flavor Enhancer 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. Europe Average Pricing Analysis
  10.2. Europe Flavor Enhancer Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Flavor Enhancer Market Size and Volume Forecast by Types
     10.4.1. Acidulants Glutamates Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Flavor Enhancer Market Size and Volume Forecast by Applications
     10.7.1. Bakery Confectionery Processed Food Dairy Products Beverage Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Flavor Enhancer Demand Share Forecast, 2019-2026
11. Asia Pacific Flavor Enhancer 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. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Flavor Enhancer Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Flavor Enhancer Market Size and Volume Forecast by Types
     11.4.1. Acidulants Glutamates Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Flavor Enhancer Market Size and Volume Forecast by Applications
     11.7.1. Bakery Confectionery Processed Food Dairy Products Beverage Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Flavor Enhancer Demand Share Forecast, 2019-2026
12. Middle East & Africa Flavor Enhancer Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Flavor Enhancer Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Flavor Enhancer Market Size and Volume Forecast by Types
     12.4.1. Acidulants Glutamates Others
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Flavor Enhancer Market Size and Volume Forecast by Applications
     12.7.1. Bakery Confectionery Processed Food Dairy Products Beverage Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Flavor Enhancer Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Flavor Enhancer Market: Market Share Analysis
  13.2. Flavor Enhancer Distributors and Customers
  13.3. Flavor Enhancer Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Cargill Inc Ajinomoto Group Firmenich SA Givaudan Kerry Group plc
Segments Covered in the Report
The Asia-Pacific Flavor enhancer market has been segmented on the basis of

Types
  • Acidulants
  • Glutamates
  • Others
Applications
  • Bakery
  • Confectionery
  • Processed Food
  • Dairy Products
  • Beverage
  • Others
Geography
  • China
  • Australia
  • Japan
  • India
  • Rest of Asia Pacific
Key Players
  • Cargill Inc
  • Ajinomoto Group
  • Firmenich SA
  • Givaudan
  • Kerry Group plc

Key players competing in the Asia-Pacific Flavor Enhancer market include Cargill Inc, Ajinomoto Group, Firmenich SA, Givaudan, and Kerry Group plc.

Some of these players are using several market/business strategies including/such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Asia-Pacific Flavor Enhancer Market By Key Players

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