ASIA PACIFIC FOOD FLAVORS MARKET FORECAST 2019-2028

The Asia Pacific food flavors market is anticipated to grow a CAGR of 5.01%, across the forecast years of 2019 to 2028. The market growth is fueled by drivers such as, growing income levels, the rising purchasing power of consumers, and the demand for high-quality products.
asia-pacific-food-flavors-market

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China, India, Indonesia, South Korea, Australia & New Zealand, Vietnam, Thailand, South Korea, Malaysia, and the rest of the Asia Pacific are studied to determine the Asia Pacific food flavors market growth. China’s market for food flavors observes a stable growth due to the rising demand for natural food flavors. Besides, the increasing behavioral problems in children have led to an increased demand for natural food flavors in China. As a result, consumers are observed eluding synthetic flavors and colors, incorporated into distinct food classifications. The majority of food flavors are used in confectionery and bakery. Thus, the utility has turned food flavors into an extensively lucrative market for the industry’s manufacturers.

Natural flavors are components extracted from plants, fruits, spices, vegetables, herbs, or microbial fermentation. Likewise, the increasing interest in nutritionally enriched products has reinforced the demand for natural flavors in China. In the past, organic spices and herbs were used only in domestic cooking for flavors. However, they are now being used at an industrial level by numerous players. Therefore, such factors are anticipated to drive the region’s demand for food flavors.

Huabao International Holdings Limited, headquartered in China, manufactures and supplies fragrances, flavors, and reconstituted tobacco leaves. Its flavor category includes instant noodles, tobacco, beverages, dairy products, cold drinks, etc. The company has established upstream raw material extraction bases for its product portfolio, in Yunnan, Shanghai, Honan, Jiangsu, Botswana, and South Africa.

 

TABLE OF CONTENTS
  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. SCOPE OF STUDY
    3. METHODOLOGY
    4. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
  3. MARKET DYNAMICS
    1. MARKET DEFINITION
    2.    KEY DRIVERS
      1. INCREASING DEMAND FOR RTE MEAL AND FAST FOODS
      2. GROWING DEMAND FOR HEALTH PRODUCTS
      3. HIGH DEMAND FOR NATURAL FLAVORS
    3.    KEY RESTRAINTS
      1. RISE IN SIDE EFFECTS OF ARTIFICIAL FLAVORS
      2. STERN GOVERNMENT REGULATIONS
  4. KEY ANALYTICS
    1. KEY INVESTMENT INSIGHTS
    2.    PORTER’S FIVE FORCE ANALYSIS
      1. BUYER POWER
      2. SUPPLIER POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. OPPORTUNITY MATRIX
    4. VENDOR LANDSCAPE
    5. IMPACT OF COVID – FOOD FLAVORS
  5. MARKET BY TYPE
    1. NATURAL FLAVORS
    2. ARTIFICIAL FLAVORS
  6. MARKET BY END-USER
    1.    BEVERAGES
      1. HOT DRINKS
      2. SOFT DRINKS
      3. ALCOHOLIC DRINKS
    2.    DAIRY & FROZEN PRODUCTS
      1. DAIRY PRODUCTS
      2. FROZEN PRODUCTS
    3.    BAKERY & CONFECTIONERY
      1. BAKERY
      2. CHOCOLATE
      3. CONFECTIONERY
      4. ICE CREAM
    4.    SAVORY & SNACKS
      1. SAVORY
      2. SNACKS
    5.    ANIMAL & PET FOOD
      1. ANIMAL FEED
      2. PET FOOD
  7. GEOGRAPHICAL ANALYSIS
    1.    ASIA PACIFIC
      1. CHINA
      2. JAPAN
      3. INDIA
      4. SOUTH KOREA
      5. INDONESIA
      6. MALAYSIA
      7. THAILAND
      8. VIETNAM
      9. AUSTRALIA & NEW ZEALAND
      10. REST OF ASIA PACIFIC
  8. COMPANY PROFILES
    1. FIRMENICH SA
    2. FRUTAROM INDUSTRIES LTD
    3. GIVAUDAN INTERNATIONAL SA
    4. HUABAO INTERNATIONAL HOLDINGS LIMITED
    5. KERRY GROUP PLC
    6. ROBERTET SA
    7. S H KELKAR AND COMPANY LIMITED
    8. SENSIENT TECHNOLOGIES CORPORATION
    9. SYMRISE AG
    10. TAKASAGO INTERNATIONAL CORPORATION
    11. SYNERGY FLAVORS
    12. THE FOODIE FLAVOURS
    13. BESMOKE LTD
    14. CREATE FLAVORS
    15. AROMATA GROUP
LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – FOOD FLAVORS

TABLE 2: ASIA PACIFIC FOOD FLAVORS MARKET, BY TYPE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 3: ASIA PACIFIC FOOD FLAVORS MARKET, BY TYPE, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 4: ASIA PACIFIC FOOD FLAVORS MARKET, BY END-USER, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 5: ASIA PACIFIC FOOD FLAVORS MARKET, BY END-USER, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 6: ASIA PACIFIC FOOD FLAVORS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 7: ASIA PACIFIC FOOD FLAVORS MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: KEY INVESTMENT INSIGHTS

FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: ASIA PACIFIC FOOD FLAVORS MARKET, GROWTH POTENTIAL, BY TYPE, IN 2019

FIGURE 6: ASIA PACIFIC FOOD FLAVORS MARKET, BY NATURAL, 2019-2028 (IN $ MILLION)

FIGURE 7: ASIA PACIFIC FOOD FLAVORS MARKET, BY ARTIFICIAL FLAVORS, 2019-2028 (IN $ MILLION)

FIGURE 8: ASIA PACIFIC FOOD FLAVORS MARKET, GROWTH POTENTIAL, BY END-USER, IN 2019

FIGURE 9: ASIA PACIFIC FOOD FLAVORS MARKET, BY BEVERAGES, 2019-2028 (IN $ MILLION)

FIGURE 10: ASIA PACIFIC FOOD FLAVORS MARKET, GROWTH POTENTIAL, BY BEVERAGES, IN 2019

FIGURE 11: ASIA PACIFIC FOOD FLAVORS MARKET, BY HOT DRINKS, 2019-2028 (IN $ MILLION)

FIGURE 12: ASIA PACIFIC FOOD FLAVORS MARKET, BY SOFT DRINKS, 2019-2028 (IN $ MILLION)

FIGURE 13: ASIA PACIFIC FOOD FLAVORS MARKET, BY ALCOHOLIC DRINKS, 2019-2028 (IN $ MILLION)

FIGURE 14: ASIA PACIFIC FOOD FLAVORS MARKET, BY DAIRY & FROZEN PRODUCTS, 2019-2028 (IN $ MILLION)

FIGURE 15: ASIA PACIFIC FOOD FLAVORS MARKET, GROWTH POTENTIAL, BY DAIRY & FROZEN PRODUCTS, IN 2019

FIGURE 16: ASIA PACIFIC FOOD FLAVORS MARKET, BY DAIRY PRODUCTS, 2019-2028 (IN $ MILLION)

FIGURE 17: ASIA PACIFIC FOOD FLAVORS MARKET, BY FROZEN PRODUCTS, 2019-2028 (IN $ MILLION)

FIGURE 18: ASIA PACIFIC FOOD FLAVORS MARKET, BY BAKERY & CONFECTIONERY, 2019-2028 (IN $ MILLION)

FIGURE 19: ASIA PACIFIC FOOD FLAVORS MARKET, GROWTH POTENTIAL, BY BAKERY & CONFECTIONERY, IN 2019

FIGURE 20: ASIA PACIFIC FOOD FLAVORS MARKET, BY BAKERY, 2019-2028 (IN $ MILLION)

FIGURE 21: ASIA PACIFIC FOOD FLAVORS MARKET, BY CHOCOLATE, 2019-2028 (IN $ MILLION)

FIGURE 22: ASIA PACIFIC FOOD FLAVORS MARKET, BY CONFECTIONERY, 2019-2028 (IN $ MILLION)

FIGURE 23: ASIA PACIFIC FOOD FLAVORS MARKET, BY ICE CREAM, 2019-2028 (IN $ MILLION)

FIGURE 24: ASIA PACIFIC FOOD FLAVORS MARKET, BY SAVORY & SNACKS, 2019-2028 (IN $ MILLION)

FIGURE 25: ASIA PACIFIC FOOD FLAVORS MARKET, GROWTH POTENTIAL, BY SAVORY & SNACKS, IN 2019

FIGURE 26: ASIA PACIFIC FOOD FLAVORS MARKET, BY SAVORY, 2019-2028 (IN $ MILLION)

FIGURE 27: ASIA PACIFIC FOOD FLAVORS MARKET, BY SNACKS, 2019-2028 (IN $ MILLION)

FIGURE 28: ASIA PACIFIC FOOD FLAVORS MARKET, BY ANIMAL & PET FOOD, 2019-2028 (IN $ MILLION)

FIGURE 29: ASIA PACIFIC FOOD FLAVORS MARKET, GROWTH POTENTIAL, BY ANIMAL & PET FOOD, IN 2019

FIGURE 30: ASIA PACIFIC FOOD FLAVORS MARKET, BY ANIMAL FEED, 2019-2028 (IN $ MILLION)

FIGURE 31: ASIA PACIFIC FOOD FLAVORS MARKET, BY PET FOOD, 2019-2028 (IN $ MILLION)

FIGURE 32: ASIA PACIFIC FOOD FLAVORS MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 33: CHINA FOOD FLAVORS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 34: JAPAN FOOD FLAVORS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 35: INDIA FOOD FLAVORS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 36: SOUTH KOREA FOOD FLAVORS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 37: INDONESIA FOOD FLAVORS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 38: MALAYSIA FOOD FLAVORS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 39: THAILAND FOOD FLAVORS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 40: VIETNAM FOOD FLAVORS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 41: AUSTRALIA & NEW ZEALAND FOOD FLAVORS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 42: REST OF ASIA PACIFIC FOOD FLAVORS MARKET, 2019-2028 (IN $ MILLION)

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