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Asia Pacific Food Flavors Market By Type (Chocolate, Vanilla, Fruits & Nuts), By Origin (Natural, Synthetic), By Application (Beverages, Savory & Snacks, Bakery & Confectionery, Dairy & Frozen Products, Others) And By Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC) – Size, Share, Trends, Growth, Forecast (2021 – 2027)

Published: January, 2022
ID: 1192
Pages: 145

Asia Pacific Food Flavors Market Growth and Forecast (2022 - 2027):

Asia Pacific Food Flavors Market size has been estimated at USD 5.32 Million in 2021 and is projected to reach USD 7.7 Million by 2026, at a CAGR of 7.67% during the forecast period from 2021 to 2026.

Market Overview:

Food Flavors are commonly used to improve the taste of food products. There are mainly two origins of food flavors namely, natural and synthetic. Natural food flavors are animal or plant based products, whereas synthetic flavors are mixture of edible chemicals. Food and beverage industries require flavor for different purposes such as new product development, to add new product line and to change the taste of existing product.

Drivers and Restraints:

The market for food flavors in Asia-Pacific region is mainly driven due to rampant urbanization, growth of disposable income and availability of convenience goods. Also, additional factors such as awareness among governments and consumers to address specific health and nutritional needs are strongly fuelling the food and beverage markets, which, in turn are boosting the market for food flavors. But, the market growth is constrained due to health effects induced by synthetic flavors and stringent food safety regulations.

Asia Pacific Food Flavors Market Segmentation Analysis:

Asia Pacific market for Food Flavors is segmented based on type, source and application. By type, the market is further sub-segmented into Chocolate, Vanilla, Fruits & Nuts. By Origin, the market is further sub-segmented into Natural and Synthetic.  By Application, the market is further sub-segmented into Beverages, Savory & Snacks, Bakery & Confectionery, Dairy & Frozen Products, Others. Beverage flavor products segment is the largest in terms of revenue, closely followed by bakery & confectionery and savory & snacks flavors segments. Growth for dairy and frozen product flavors due to high demand of meat flavor products.

Geographical Analysis:

Geographically, Asia Pacific market for Food Flavors is segmented into China, India, Japan, South Korea and Australia. The Food Flavors market in the Asia-Pacific region is projected to grow at the highest CAGR, which is greatly due to growing demand for health & wellness foods, technological innovation, and increasing consumer preference towards convenience and ready-to-eat meals.

Key Players in the Market:

Major Key Players in the APAC Food Flavors Market are

  • Kerry Group
  • Givaudan
  • Firmenich
  • Sensient Technologies Corporation
  • Symrise AG
  • Frutarom Industries
  • Archer Daniels Midland Company
  • DohlerGroup
  • AGRANA Group
  • SVZ International B.V
  • SunOpta, Inc

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                           

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                              

                2.2 Research Phases                      

                                2.2.1 Secondary Research            

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling     

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                      

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 New Developments                

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                      

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market               

5. Market Segmentation                                              

                5.1 By Type                        

                                5.1.1 Chocolate

                                5.1.2 Vanilla       

                                5.1.3 Fruits & Nuts         

                5.2 By Origin                      

                                5.2.1 Natural     

                                5.2.2 synthetic 

                5.3 By Application                           

                                5.3.1 Beverages

                                5.3.2 Savory & Snacks   

                                5.3.3 Bakery & Confectionery    

                                5.3.4 Dairy & Frozen Products   

                                5.3.5 Others      

6. Geographical Analysis                                              

                6.3 Asia-Pacific                 

                                6.1 Introduction              

                                6.2 China            

                                6.3 India              

                                6.4 Japan            

                                6.5 South Korea

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental      

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry      

8. Market Leaders' Analysis                                        

                8.1 Kerry Group               

                                8.1.1 Overview

                                8.1.2 Product Analysis   

                                8.1.3 Strategic Evaluation and Operations            

                                8.1.4 Financial analysis  

                                8.1.5 Legal issues            

                                8.1.6 Recent Developments       

                                8.1.7 SWOT analysis       

                                8.1.8 Analyst View          

                8.2 Givaudan                    

                8.3 Archer Daniels Midland Company                     

                8.4 DohlerGroup                             

                8.5 AGRANA Group                        

                8.6 SVZ International B.V.                            

                8.7 SunOpta, Inc.                             

                8.8 Sensient Technologies Corporation                  

                8.9 Symrise AG                 

                8.10 Frutarom Industries                             

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                        

                9.3 Agreements, collaborations and Joint Ventures                          

                9.4 New Product Launches                          

10. Expert Opinions                                        

                10.1 Market Outlook                     

                10.2 Investment Opportunities                 

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

 

  1. Asia-Pacific Food Flavors Market By Region, From 2022 - 2027( USD Million )
  2. Asia-Pacific Food Flavors Market By Type, From 2022 - 2027( USD Million )
  3. Asia-Pacific Chocolate Food Flavors Market By Region, From 2022 - 2027( USD Million )
  4. Asia-Pacific Vanilla Food Flavors Market By Region, From 2022 - 2027( USD Million )
  5. Asia-Pacific Fruits & Nuts Food Flavors Market By Region, From 2022 - 2027( USD Million )
  6. Asia-Pacific Food Flavors Market By Origin, From 2022 - 2027( USD Million )
  7. Asia-Pacific Natural Food Flavors Market By Region, From 2022 - 2027( USD Million )
  8. Asia-Pacific Synthetic Food Flavors Market By Region, From 2022 - 2027( USD Million )
  9. Asia-Pacific Food Flavors Market By Application, From 2022 - 2027( USD Million )
  10. Asia-Pacific Beverages Food Flavors Market By Region, From 2022 - 2027( USD Million )
  11. Asia-Pacific Savory & Snacks Food Flavors Market By Region, From 2022 - 2027( USD Million )
  12. Asia-Pacific Bakery & Confectionery Food Flavors Market By Region, From 2022 - 2027( USD Million )
  13. Asia-Pacific Dairy & Frozen Products Food Flavors Market By Region, From 2022 - 2027( USD Million )
  14. Asia-Pacific Other Food Flavors Market By Region, From 2022 - 2027( USD Million )
  15. China Food Flavors Market By Type, From 2022 - 2027( USD Million )
  16. China Food Flavors Market By Origin, From 2022 - 2027( USD Million )
  17. China Food Flavors Market By Application, From 2022 - 2027( USD Million )
  18. India Food Flavors Market By Type, From 2022 - 2027( USD Million )
  19. India Food Flavors Market By Origin, From 2022 - 2027( USD Million )
  20. India Food Flavors Market By Application, From 2022 - 2027( USD Million )
  21. Japan Food Flavors Market By Type, From 2022 - 2027( USD Million )
  22. Japan Food Flavors Market By Origin, From 2022 - 2027( USD Million )
  23. Japan Food Flavors Market By Application, From 2022 - 2027( USD Million )
  24. South Korea Food Flavors Market By Type, From 2022 - 2027( USD Million )
  25. South Korea Food Flavors Market By Origin, From 2022 - 2027( USD Million )
  26. South Korea Food Flavors Market By Application, From 2022 - 2027( USD Million )
  27. Australia Food Flavors Market By Type, From 2022 - 2027( USD Million )
  28. Australia Food Flavors Market By Origin, From 2022 - 2027( USD Million )
  29. Australia Food Flavors Market By Application, From 2022 - 2027( USD Million )

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