APAC Food Flavor & Enhancer Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Food Flavor & Enhancer Market Analysis
Asia Pacific Food Flavor Market is projected to reach 12.11 billion USD in 2025 registering a CAGR of 3.5% during the forecast period 2020 - 2025.
- Flavors are added tofoods to impart an additional taste or smell and aflavor enhancer is a substance that is added to a food to supplement or enhance its original taste or flavor.
- The increasing demand for foreign flavors and increased incorporation of herbs and spices as flavorings are driving the market.
- Another factor boosting the market is the innovation in the flavor market, various new flavors are being introduced to the market.
- Natural flavors has more demand over synthetic flavors, since synthetic flavors has many health hazards such asnausea, headache, allergic reactions, and dizziness etc.
APAC Food Flavor & Enhancer Market Trends
This section covers the major market trends shaping the APAC Food Flavor & Enhancer Market according to our research experts:
Natural Flavors Has An Increased Demand In The Market
Natural flavors are substances that are extracted from plants, herbs and spices, fruits, vegetables or microbial fermentations. The increasing interest towards the nutritionally enriched and natural products have promoted the demand for natural flavors in the market. Natural herbs and spices were earlier used only in domestic cooking for flavors, which is now used at an industrial level by various players. Various countries have their own special authentic flavors, for instance, Thai cuisine has a variety of ingredients such as galangal, chili oil, peanuts, coconut paste, fish sauce, etc. The increasing demand for exotic flavors are also driving the market. Rosemary extracts have a growing demand in the market for its antioxidant property.
India Is The Fastest Growing Market In The Region
India stands as the fastest growing market in the region. Consumers are not willing to compromise on the taste and health factors of the food. The demand for new and foreign flavors are increasing in the market which compells the players to come up with innovative and healthy flavors. The Indian subcontinent has a huge demand for regional and traditional flavors. Natural flavors as well as synthetic flavors are having equal importance in the market. Dairy industry has growing application of flavors and enhancers, this is attributed by the incrteasing demand for flavored milk especially in the urban areas.
APAC Food Flavor & Enhancer Industry Overview
The Asia Pacific food flavors and enhancer market is a fragmented and competitive market with the presence of various major and small players. Frutarom, Guivaudan, Sensient Technologies, Firmenich, IFF, Smyrise, etc are the major players in the market.
APAC Food Flavor & Enhancer Market Leaders
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Givaudan
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Firmenich
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IFF
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Symrise
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Sensient Technologies
*Disclaimer: Major Players sorted in no particular order
APAC Food Flavor & Enhancer Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Research Phases
- 1.2 Study Deliverables
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
- 3.1 Market Overview
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Industry Attractiveness - Porter's Five Force Analysis
- 4.3.1 Bargaining Power of Suppliers
- 4.3.2 Bargaining Power of Consumers
- 4.3.3 Threat of New Entrants
- 4.3.4 Threat of Substitute Products
- 4.3.5 Degree of Competition
5. MARKET SEGMENTATION
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5.1 By Type
- 5.1.1 Natural Flavors
- 5.1.2 Synthetic Flavors
- 5.1.3 Nature Identical Flavors
- 5.1.4 Flavor Enhancers
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5.2 By End-Product Application
- 5.2.1 Bakery
- 5.2.2 Confectionery
- 5.2.3 Processed Food
- 5.2.4 Beverage
- 5.2.5 Dairy Product
- 5.2.6 Others
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5.3 Geography
- 5.3.1 China
- 5.3.2 Japan
- 5.3.3 Australia
- 5.3.4 India
- 5.3.5 Rest of Asia Pacific
6. COMPETITIVE LANDSCAPE
- 6.1 Strategies adopted by Key players
- 6.2 Most Active Companies
- 6.3 Market Share Analysis
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6.4 Company Profiles
- 6.4.1 Givaudan
- 6.4.2 Firmenich
- 6.4.3 International Fragrance and Flavours Inc.
- 6.4.4 Sensient Technologies
- 6.4.5 Symrise
- 6.4.6 Takasago
- 6.4.7 Cargill Inc
- 6.4.8 Kerry Group
- 6.4.9 Archer Daniels Midland(ADM)
- 6.4.10 Dupont- Danisco
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
APAC Food Flavor & Enhancer Industry Segmentation
Asia Pacific Food Flavor and Enhancer market is segmented by Type into Natural Flavor, Synthetic Flavor Nature Identical Flavor. By End Application into Bakery, Beverages, Confectionary, Dairy Product, Processed Food and Other Applications. Other Applications include Savory Flavor and Sweet Flavors. The regional analysis of the market has also been included.
| By Type | Natural Flavors |
| Synthetic Flavors | |
| Nature Identical Flavors | |
| Flavor Enhancers | |
| By End-Product Application | Bakery |
| Confectionery | |
| Processed Food | |
| Beverage | |
| Dairy Product | |
| Others | |
| Geography | China |
| Japan | |
| Australia | |
| India | |
| Rest of Asia Pacific |
APAC Food Flavor & Enhancer Market Research FAQs
What is the current Asia-Pacific Food Flavor and Enhancer Market size?
The Asia-Pacific Food Flavor and Enhancer Market is projected to register a CAGR of 3.5% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Food Flavor and Enhancer Market?
Givaudan, Firmenich, IFF, Symrise and Sensient Technologies are the major companies operating in the Asia-Pacific Food Flavor and Enhancer Market.
What years does this Asia-Pacific Food Flavor and Enhancer Market cover?
The report covers the Asia-Pacific Food Flavor and Enhancer Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Food Flavor and Enhancer Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia-Pacific Food Flavor and Enhancer Industry Report
Statistics for the 2024 Asia-Pacific Food Flavor and Enhancer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Food Flavor and Enhancer analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
