Asia Pacific Flavor Masking Agents Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Sweet Flavor, Salt Flavor, Fat Flavor, Bitter Flavor, and Others) and Application (Food and Beverages, Pharmaceuticals and Nutraceuticals, and Others)

Pharmaceuticals and Nutraceuticals to be fastest growing segment in the Asia Pacific Flavor Masking Agents Market during 2021-2028.

According to a new market research study on “Asia Pacific Flavor Masking Agents Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Type and Application,” is expected to reach US$ 103.59 million by 2028 from US$ 73.56 million in 2021. The market is estimated to grow at a CAGR of 5% from 2021 to 2028. The report provides trends prevailing in the Asia Pacific flavor masking agents market along with the drivers and restraints pertaining to the market growth. Growing use biotechnology for making flavor masking agents, accelerated inclination of consumers toward natural additives and ingredients, and expanding use of flavor masking agents in diversified applications are the major factors driving the growth of the flavor masking agents market. However, up-surging demand of clean label products hinder the growth of flavor masking agents market.

The COVID-19 is anticipated to cause a loss of more than 3 Billion in the Asia Pacific region. The consequence and impact can be even worse and totally depends on the spread of the virus. The government of Asia Pacific is taking possible steps to reduce its effects by announcing lockdown, and thus, impact the revenue generated by the market. The Airports Council International (ACI) Asia-Pacific warned that the prolonged duration of the COVID-19 would drastically impact the region’s airports’ connectivity and economic sustainability, significantly restricting them from achieving previously forecasted growth prospects. Such closures are anticipated to negatively impact market growth in the coming period. Till now, India has the highest number of COVID -19 confirmed cases.

Asia Pacific flavor masking agents market is segmented based on type and application. The Asia Pacific flavor masking agents market based on type is bifurcated into sweet flavor, salt flavor, fat flavor, bitter flavor, and others. Bitter flavor segment accounted for the highest share in the market in 2020 is expected to be fastest growing during forecast period. Based on application, the market is bifurcated into food & beverages, pharmaceuticals and nutraceuticals, and others. The food & beverages segment accounted for the highest share in 2020 and pharmaceuticals and nutraceuticals segment is expected to be the fastest growing during forecast period. Further, food & beverages segment is bifurcated into the dairy & frozen dessert, bakery and confectionery, beverages, meat poultry and seafood, and others. The beverages segment dominated the market in 2020 and dairy & frozen dessert segment is expected to be the fastest growing during the forecast period.

Carmi Flavor & Fragrance Co. Inc.; Cargill, Incorporated; GEO Specialty Chemicals, Inc.; Keva Flavors Pvt. Ltd.; Roquette Freres; DSM Corporation; Symrise Ag; GPT Pharmaceuticals Pvt. Ltd.; Sensient Technologies Corporation; and Archer Daniels Midland Company are among some of the leading companies in the Asia Pacific flavor masking agents market. The market players focus on new product innovations and developments in order to achieve sustainable growth and to distinguish themselves among competitors present in the highly competitive flavor masking agents Market. For instance, Royal DSM announced that it has agreed to buy Amyris, Inc.'s flavor and fragrance (F&F) bio-based intermediates business, expanding DSM's aroma ingredients offerings with bio-based ingredients for the flavor & fragrance and cosmetics industries.

The report segments the Asia Pacific Flavor Masking Agents Market as follows:

Asia Pacific Flavor Masking Agents Market - By Type

• Sweet Flavor
• Salt Flavor
• Fat Flavor
• Bitter Flavor
• Others

Asia Pacific Flavor Masking Agents Market - By Application

• Food & Beverages
• Dairy & Frozen Dessert
• Bakery and Confectionery
• Beverages
• Meat Poultry and Seafood
• Others
• Pharmaceuticals and Nutraceuticals
• Others

Asia Pacific Flavor Masking Agents Market - By Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of Asia Pacific

Reasons to buy:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific flavor masking agents market
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific flavor masking agents market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the flavor masking agents market as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution