APAC Food Flavor Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.60 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
APAC Food Flavor Market Analysis
Asia-Pacific Food Flavor Market is projected to grow at a CAGR of 5.6% during the forecast period 2020-2025.
- In developing countries in the region, consumers are looking for fine dining and restaurant-like experience at their homes. This factor is driving the market growth of premium products of sauces & seasonings by evoking a sense of flavor authenticity.
- This shift can be attributed to several factors, which include, urbanization, growing population of working-women, and increasing household incomes. This market holds a great potential for growth among processed food manufacturers and the food flavor suppliers.
APAC Food Flavor Market Trends
This section covers the major market trends shaping the APAC Food Flavor 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 compels 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, this is attributed by the increasing demand for flavored milk especially in the urban areas.
APAC Food Flavor Industry Overview
The food flavor market in Asia-Pacific is consolidated. Kerry Group, Cargill Inc., Koninklijke DSM N.V., and BASF are few key players present in the market. Major companies are adopting strategies, such as introducing clean label and organic flavor ranges, and acquiring and partnering with local players to increase market penetration in the untapped markets.
APAC Food Flavor Market Leaders
-
Sensient Technologies
-
Koninklijke DSM N.V.
-
Kerry Group plc
-
BASF SE
*Disclaimer: Major Players sorted in no particular order
APAC Food Flavor Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 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
-
4.3 Porter's Five Force Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
-
5.1 By Type
- 5.1.1 Natural Flavor
- 5.1.2 Synthetic Flavor
- 5.1.3 Nature Identical Flavor
-
5.2 By Application
- 5.2.1 Dairy
- 5.2.2 Bakery
- 5.2.3 Confectionery
- 5.2.4 Snack
- 5.2.5 Beverage
- 5.2.6 Others
-
5.3 Geography
- 5.3.1 China
- 5.3.2 Japan
- 5.3.3 India
- 5.3.4 Australia
- 5.3.5 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
- 6.1 Most Active Companies
- 6.2 Most Adopted Strategies
- 6.3 Market Share Analysis
-
6.4 Company Profiles
- 6.4.1 Koninklijke DSM N.V.
- 6.4.2 Kerry Group plc
- 6.4.3 BASF SE
- 6.4.4 Archer Daniels Midland (ADM)
- 6.4.5 Givaudan
- 6.4.6 Firmenich SA
- 6.4.7 Sensient Technologies Corporation
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
APAC Food Flavor Industry Segmentation
Asia-Pacific food flavor market report includes study on segmentation by type into the natural flavor, synthetic flavor, and nature-identical flavor. On the basis of application, the market has been segmented into dairy, bakery, confectionery, snack and beverage, and other applications.
| By Type | Natural Flavor |
| Synthetic Flavor | |
| Nature Identical Flavor | |
| By Application | Dairy |
| Bakery | |
| Confectionery | |
| Snack | |
| Beverage | |
| Others | |
| Geography | China |
| Japan | |
| India | |
| Australia | |
| Rest of Asia-Pacific |
APAC Food Flavor Market Research FAQs
What is the current Asia-Pacific Food Flavor Market size?
The Asia-Pacific Food Flavor Market is projected to register a CAGR of 5.60% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Food Flavor Market?
Sensient Technologies, Koninklijke DSM N.V. , Kerry Group plc and BASF SE are the major companies operating in the Asia-Pacific Food Flavor Market.
What years does this Asia-Pacific Food Flavor Market cover?
The report covers the Asia-Pacific Food Flavor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Food Flavor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia-Pacific Food Flavor Industry Report
Statistics for the 2024 Asia-Pacific Food Flavor market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Food Flavor analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
