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Asia-Pacific Flavor and Fragrance Market-Segmented by Application (Types of Flavors and Fragrances), Source (Natural and Synthetic), and Geography - Growth, Trends and Forecasts (2018-2023).

  • ID: 4703902
  • Report
  • September 2018
  • Region: Asia Pacific
  • 110 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • BASF SE
  • Firmenich SA
  • Frutarom Industries Ltd
  • Givaudan SA
  • Sensient Flavors
  • Symrise AG
  • MORE
The Asia-Pacific flavor and fragrance market is expected to register a CAGR of 9.59%, during the forecast period.

Major players in the industry have recognized the trend and observed that the Asian consumers’ tastes are the future drivers of the global flavor industry. The flavor market is region-centric, as the demand for flavors differs from place to place. High demand for new flavors from the food and beverage industry and continuous innovation are also driving the market growth.

Asia-Pacific Flavor and Fragrance Market Dynamics

Flavor and fragrances have become an integral part of different products, with their applications ranging from food and beverages to household care. The market is expected to experience a healthy growth over the forecast period. The market is driven by the demand from various sectors, like food and beverage, cosmetics, perfumes toiletries, and household products.

Rising demand for convenience and RTD meals, health and wellness foods, is expected to boost the market growth of flavors and fragrances. Food flavors are essential as an essential part of the food processing industry to maintain the taste of the product. Consumers in Asia-Pacific are demanding natural flavors due to a shift in preference from synthetic flavors.

Asia-Pacific Flavor and Fragrance Market Segmentation

Beverages were the largest end-user segment of the flavors market in 2017. The segment is projected to drive the demand due to changing consumer preferences toward soft drinks and energy drinks in emerging countries, like India, Japan, and China, among other regions.

Asia-Pacific Flavor and Fragrance Market Regional Analysis

Asia-pacific is expected to dominate the demand and become the largest flavor and fragrance market in the forecast period due to the rise in demand for natural ingredients. India and China are projected to exhibit major growth, boosting the usage of flavors and fragrances in the market.

Key Developments in the Market
  • Jul 2018 - ASCC Enterprises Pte Limited, the parent company for the ASCC Group of companies, has acquired 80% shares in Singapore-based Taytonn Pte Ltd. The company is a supplier to flavor and fragrance customers in 18 Asia-Pacific Markets.
Asia-Pacific Flavor and Fragrance Market Competitive Landscape

Major Players: Givaudan (Switzerland), International Flavors & Fragrances Inc. (United States), Firmenich (Switzerland), MANE (France), Symrise (Germany), Sensient (United States), Takasago (Japan), and Frutarom (Israel), among others

Reasons to Purchase the Report
  • Analyzing the outlook of the market with the recent trends and Porter’s five forces analysis
  • Market dynamics, which essentially consider the factors impelling the present market scenario along with growth opportunities of the market in the years to come
  • Market segmentation analysis, including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
  • Regional and country-level analysis integrating the demand and supply forces that are influencing the growth of the market
  • Competitive landscape, involving the market share of major players, along with the key strategies adopted for development in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • 3 months analyst support along with the Market Estimate sheet (in Excel)
Customization of the Report
  • This report can be customized to meet your requirements. Please connect with our Customer Service Team, who will ensure that you get a report that suits your needs.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BASF SE
  • Firmenich SA
  • Frutarom Industries Ltd
  • Givaudan SA
  • Sensient Flavors
  • Symrise AG
  • MORE
1. Introduction
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Research Phases
1.4 Scope of the Study

2. Asia-Pacific Flavour and Fragrance Market Insights
2.1 Market Overview
2.2 Market Trends
2.3 Industry Attractiveness-Porter’s Five Forces Analysis
2.3.1 Bargaining Power of Suppliers
2.3.2 Bargaining Power of Consumers
2.3.3 Threat of New Entrants
2.3.4 Threat of Substitute Products
2.3.5 Degree of Competition

3. Asia-Pacific Flavour and Fragrance Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities

4. Asia-Pacific Flavour and Fragrance Market Segmentation
4.1 By Application
Introduction
4.1.1 Flavours
4.1.1.1 Beverages
4.1.1.2 Savory & Snacks
4.1.1.3 Dairy Products
4.1.1.4 Bakery
4.1.1.5 Confectionery
4.1.1.6 Others
4.1.2 Fragrances
4.1.2.1 Cosmetics
4.1.2.2 Detergents
4.1.2.3 Soaps
4.1.2.4 Toiletries
4.1.2.5 Air fresheners
4.1.2.6 Fine Fragrances
4.1.2.7 Others
4.2 By Source
Introduction
4.2.1 Natural
4.2.2 Synthetic

5. Flavour and Fragrance Market Regional Segmentation and Analysis (Market Size in USD million, 2018-2023)
5.1 Asia-Pacific Flavour and Fragrance Market Size (2018 - 2023)
5.1.1 China Flavour and Fragrance Market Size (2018 - 2023)
5.1.2 India Flavour and Fragrance Market Size (2018 - 2023)
5.1.3 Japan Flavour and Fragrance Market Size (2018 - 2023)
5.1.4 Australia Flavour and Fragrance Market Size (2018 - 2023)
5.1.5 Rest of Asia-Pacific Flavour and Fragrance Market Size (2018 - 2023)

6. Asia-Pacific Flavour and Fragrance Market Competitive Landscape
6.1 Most Active Companies
6.2 Most adopted Strategies
6.3 Market Share Analysis

7. Company Profiles
7.1 Symrise AG
7.2 Taytonn Pte Ltd
7.3 Givaudan SA
7.4 Firmenich SA
7.5 International Flavors & Fragrances Inc
7.6 Takasago International Corporation
7.7 The MANE Group
7.8 Frutarom Industries Ltd
7.9 BASF SE
7.10 Huabao International Holdings Limited
7.11 Sensient Flavors

8. Appendix
8.1 Disclaimer
Note: Product cover images may vary from those shown
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  • Symrise AG
  • Taytonn Pte Ltd
  • Givaudan SA
  • Firmenich SA
  • International Flavors & Fragrances Inc
  • Takasago International Corporation
  • The MANE Group
  • Frutarom Industries Ltd
  • BASF SE
  • Huabao International Holdings Limited
  • Sensient Flavors
Note: Product cover images may vary from those shown
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