Business

Asia Pacific Flavours And Fragrances Market To Be Driven By The Growing Middle-Class Populations And Increasing Urbanisation In The Forecast Period Of 2021-2026

The new report by Expert Market Research titled, ‘Asia Pacific Flavours and Fragrances Market Report and Forecast 2021-2026’, gives an in-depth analysis of the Asia Pacific flavours and fragrances market, assessing the market based on its segments like fragrance type, flavouring agent, flavour form, natural fragrances type, flavour application and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/asia-pacific-flavours-and-fragrances-market/requestsample

The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): USD 35 billion
  • Forecast CAGR (2021-2026): 0%

The growth of the Asia Pacific flavours and fragrances market is driven by rapidly growing population and inflating disposable incomes in emerging economies such as India and China is driving the growth of the market. China was followed by Japan and India as the region’s other major markets. The emerging markets like China and India are expected to grow substantially than established markets like Japan in the coming years.

Currently, India is a key market not only in the Asia Pacific region, but also globally. It is a significant export market, with nearly three-quarters of its domestic production of flavour and fragrance ingredients going to other countries. It is also the biggest supplier of natural ingredients, supplying over 80% of the global mint extract demand. As a result, the increased global demand for natural products and ingredients is helping the Indian business. However, the unorganised sector, which provides to products such as incense sticks, accounts for the majority of the industry in India. Government initiatives aiming at standardising the economy may benefit the organised sector in the forecast period.

Industry Definition and Major Segments

Fragrance is referred to as the sweet and pleasant aroma of a substance, whereas flavour refers to the distinctive taste of a substance. They can both be used to enhance the taste and scent of things such as foods, beverages, and cosmetics, among others, to draw attention of the consumers.

Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/asia-pacific-flavours-and-fragrances-market

Based on fragrance type, the market is divided into:

  • Synthetic
  • Natural

Based on flavouring agent, the market is divided into:

  • Nature Identical Flavouring Substance
  • Artificial Flavouring Substance
  • Natural Flavours

On the basis of form, the flavour industry can be segmented into:

  • Liquid
  • Dry

On the basis of natural fragrances type, the industry can be segmented into:

  • Flowers
  • Fruit
  • Musk
  • Wood
  • Spice
  • Others

On the basis of application, the flavour industry can be segmented into

  • Beverage
  • Dairy and Frozen Desserts
  • Savouries and Snacks
  • Bakery and Confectionery Products
  • Others

The major regions include:

  • China
  • India
  • Japan
  • Others

Market Trends

The Asia Pacific market is being driven by factors such as Increasing population and rapid urbanization. Moreover, the rise in GDP of the region’s major markets is further boosting the industry. The increasing prevalence of fragrance-based products such as soaps and detergents in India is aiding the market. The Asia Pacific flavour industry is being spurred by rising use of manufactured goods that require additional flavouring. The segment has also seen rising demands from the beverage sector, owing to increased consumption of fruit juices and customer demand for distinctive flavours.

The Asia Pacific personal care and cosmetics industry is propelling market growth. Asia Pacific has the world’s fastest developing beauty market. The region’s rapidly growing high-income class is boosting in the rise of luxury cosmetic items, which is driving the fragrance industry forward.

Latest News on Asia Pacific Flavours and Fragrances Market: https://www.expertmarketresearch.com/pressrelease/asia-pacific-flavours-and-fragrances-market

Key Market Players

The major players in the market are Givaudan SA, Firmenich SA, International Flavors & Fragrances, Inc., Symrise AG, Wild Flavors, Inc., Takasago International Corp, Guangzhou Baihua Flavours and Fragrances Company Ltd, Snowco Industrial Co., Ltd, T. Hasegawa Co., Ltd., Guangdong ADD Flavor & Fragrance Co., Ltd., Guangdong Wincom Flavors & Fragrances Co., Ltd., Aarav Fragrances & Flavors Pvt.Ltd.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

Company Name: EMR Inc.
Contact Person:-Ian Bell, Business Consultant
Email: [email protected]
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com

Read More Reports:

Latin America Flavours Market: https://www.expertmarketresearch.com/reports/latin-america-flavours-market

GCC Flavours and Fragrances Market: https://www.expertmarketresearch.com/reports/gcc-flavours-and-fragrances-market

Global Food Flavours Market: https://www.expertmarketresearch.com/reports/food-flavours-market

Mexico Flavours Market: https://www.expertmarketresearch.com/reports/mexico-flavours-market

Global Methyl Salicylate Market: https://www.expertmarketresearch.com/reports/methyl-salicylate-market

Explore more on Procurement Intelligence services of EMR Inc.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

About the author

Expert Market Research

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.