The Asia Pacific Meat-Based Flavors Market should witness market growth of 6.1% CAGR during the forecast period (2023-2029).
Consumer awareness of the health advantages of natural and minimally processed foods is rising. They seek out goods manufactured from natural & healthy ingredients because they are concerned about using artificial additives, flavorings, and preservatives in their food products. For example, the demand for flavors based on meat has increased as a result of clean-label components. Since many people want identifiable, natural, and healthful ingredients in the foods they consume. There are no artificial flavors, preservatives, colors, or additives in clean-label ingredients, which have undergone little processing.
In addition, younger generations are becoming more conscious of how their eating affects the environment. Because of the substantial environmental impact that the production of meat and meat products has, customers are seeking goods that have been made in an environmentally responsible and sustainable manner. The demand for clean and natural ingredients in the market is driven by shifting consumer preferences and dietary trends. Many consumers are lowering their meat intake or switching to vegetarian or vegan diets, and they are searching for meat substitutes created from organic, home-cooked foods.
Millennials in the Asia pacific who have adapted Western eating habits are driving the demand for food items like sausages as well as hot dogs. The rapidly expanding food service sector in this region is, therefore, incorporating meat-based flavors more and more. This is mostly linked to the rise in fast food restaurant chains, the increasing cost of meat products, the westernization of society as a whole, as well as population and urbanization increase. Developing nations like Thailand, Indonesia, and India are expected to have considerable growth in the market due to the increase in cattle production and processing, as well as the rising demand for processed meat products. Convenience is a major driver of the increasing processed meat industry in the region. These factors are expected to cause the market in this region to expand significantly.
The China market dominated the Asia Pacific Meat-Based Flavors Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $444.6 million by 2029. The Japan market is exhibiting a CAGR of 5.4% during (2023-2029). Additionally, The India market would showcase a CAGR of 6.8% during (2023-2029).
Based on Application, the market is segmented into Soups & Sauces, Baked Goods, Savory, Ready Meals, Processed Meat and Others. Based on Type, the market is segmented into Natural Meat Flavor and Artificial Meat Flavor. Based on Flavor, the market is segmented into Beef, Chicken, Pork, Turkey, Fish & Seafood and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Archer-Daniels-Midland Company, Sensient Technologies Corporation, Essentia Protein Solutions, DSM-Firmenich, Symrise AG, Givaudan SA, H.E. Stringer Flavours Limited, International Flavors & Fragrances Inc, Kerry Group plc, and Nikken Foods Co., Ltd.
Consumer awareness of the health advantages of natural and minimally processed foods is rising. They seek out goods manufactured from natural & healthy ingredients because they are concerned about using artificial additives, flavorings, and preservatives in their food products. For example, the demand for flavors based on meat has increased as a result of clean-label components. Since many people want identifiable, natural, and healthful ingredients in the foods they consume. There are no artificial flavors, preservatives, colors, or additives in clean-label ingredients, which have undergone little processing.
In addition, younger generations are becoming more conscious of how their eating affects the environment. Because of the substantial environmental impact that the production of meat and meat products has, customers are seeking goods that have been made in an environmentally responsible and sustainable manner. The demand for clean and natural ingredients in the market is driven by shifting consumer preferences and dietary trends. Many consumers are lowering their meat intake or switching to vegetarian or vegan diets, and they are searching for meat substitutes created from organic, home-cooked foods.
Millennials in the Asia pacific who have adapted Western eating habits are driving the demand for food items like sausages as well as hot dogs. The rapidly expanding food service sector in this region is, therefore, incorporating meat-based flavors more and more. This is mostly linked to the rise in fast food restaurant chains, the increasing cost of meat products, the westernization of society as a whole, as well as population and urbanization increase. Developing nations like Thailand, Indonesia, and India are expected to have considerable growth in the market due to the increase in cattle production and processing, as well as the rising demand for processed meat products. Convenience is a major driver of the increasing processed meat industry in the region. These factors are expected to cause the market in this region to expand significantly.
The China market dominated the Asia Pacific Meat-Based Flavors Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $444.6 million by 2029. The Japan market is exhibiting a CAGR of 5.4% during (2023-2029). Additionally, The India market would showcase a CAGR of 6.8% during (2023-2029).
Based on Application, the market is segmented into Soups & Sauces, Baked Goods, Savory, Ready Meals, Processed Meat and Others. Based on Type, the market is segmented into Natural Meat Flavor and Artificial Meat Flavor. Based on Flavor, the market is segmented into Beef, Chicken, Pork, Turkey, Fish & Seafood and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Archer-Daniels-Midland Company, Sensient Technologies Corporation, Essentia Protein Solutions, DSM-Firmenich, Symrise AG, Givaudan SA, H.E. Stringer Flavours Limited, International Flavors & Fragrances Inc, Kerry Group plc, and Nikken Foods Co., Ltd.
Scope of the Study
By Application
- Soups & Sauces
- Baked Goods
- Savory
- Ready Meals
- Processed Meat
- Others
By Type
- Natural Meat Flavor
- Artificial Meat Flavor
By Flavor
- Beef
- Chicken
- Pork
- Turkey
- Fish & Seafood
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Archer-Daniels-Midland Company
- Sensient Technologies Corporation
- Essentia Protein Solutions
- DSM-Firmenich
- Symrise AG
- Givaudan SA
- H.E. Stringer Flavours Limited
- International Flavors & Fragrances Inc
- Kerry Group plc
- Nikken Foods Co., Ltd.
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. Asia Pacific Meat-Based Flavors Market by Application
Chapter 5. Asia Pacific Meat-Based Flavors Market by Type
Chapter 6. Asia Pacific Meat-Based Flavors Market by Flavor
Chapter 7. Asia Pacific Meat-Based Flavors Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- Archer-Daniels-Midland Company
- Sensient Technologies Corporation
- Essentia Protein Solutions
- DSM-Firmenich
- Symrise AG
- Givaudan SA
- H.E. Stringer Flavours Limited
- International Flavors & Fragrances Inc
- Kerry Group plc
- Nikken Foods Co., Ltd.
Methodology
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