Press Release

Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.

Asia Pacific Flavours and Fragrances Market to be Aided by the Global Market Growth between 2022-2027

According to a new report by EMR titled, ‘Asia Pacific Flavours and Fragrances Market Report and Forecast 2022-2027’, the Asia Pacific flavours and fragrances market reached a value of USD 7.35 billion in 2020, aided by the growth of the global market. Between 2022-2027, the global flavours and fragrances market is projected to grow at a CAGR of 5%.

The Asia Pacific flavours and fragrances market follows Europe and North America as the leading regional market. China is the major market within the Asia Pacific region, representing 40% of the market in the region. Japan and India follow China as the other leading markets in the Asia Pacific. The industries in China and India are expected to witness a faster growth as compared to the mature Japan market in the forecast market. The flavours and fragrances industry in India, especially, is projected to see a robust growth with the introduction of GST and the government push towards formalising the economy, which is expected to aid the growth of the organised sector. Currently, the unorganised segment of the flavours and fragrances industry in India, catering to products like incense sticks and others, is estimated to be much larger than the organised sector. The market in the country is expected to be driven by the rising investments, access to raw materials, and increased quality control. With consumers looking for natural products, the industry is being further propelled forward as India is one of the leading suppliers of natural ingredients, globally. At present, the country satisfies 80% of the global demand for mint extracts and 60% of the global spice oleoresin demand. While over three-fourth of the flavours and fragrances ingredients produced in India are exported, in the coming years, their domestic demand is expected to grow due to rising consumption of processed foods and increasing sales of deodorants, perfumes, and air fresheners in the country.

Get a Free Sample Report With TOC - Download Now

With high-growth potential, major players in the industry are investing heavily in the Asia Pacific region. Givaudan is looking to expand in the Asia Pacific market as a part of their 2021 strategy. As a part of its strategy, the company has recently opened new flavour manufacturing and fragrance encapsulation facilities in India and Singapore, respectively. Both facilities are in line with Givaudan’s Climate Action Agenda, which aims to make the manufacturing process more sustainable in response to rising environmental concerns. The company has also acquired the Vietnamese natural flavours company, Golden Frog in 2020 to expand its presence in the Asia Pacific market and cater to the region’s growing demand for natural products.

Market Analysis by Types, Flavouring Agent, Forms, Applications, and Regions:

  • Synthetic and natural fragrances are the major fragrance types available in the market.
  • Natural fragrances can be further categorised as flowers, fruits, musk, wood, and spice, among others.
  • Nature identical flavouring substance, artificial flavouring substance, and natural flavours are the common flavour agents available in the market.
  • Flavours can be broadly divided into liquid and dry forms.
  • Flavours find their major applications in bakery and confectionery products, beverage, dairy and frozen desserts, and savouries and snacks, among others.
  • Soap and detergents, fine fragrances, cosmetics and toiletries, and household cleaners and air fresheners, among others, are the common application sectors for fragrances.
  • The major regional markets for flavours and fragrances in the Asia Pacific are China, India, and Japan, among others.

Key Findings of the Report:

  • The Asia Pacific flavours and fragrances market is being aided by the increasing middle-class populations and rapid urbanisation.
  • The healthy economic growth in the region is expected to drive the market in the Asia Pacific.
  • The rising demand for unique flavours and healthier food and beverage products is expected to propel the flavour industry forward.
  • The fast-growing beauty and cosmetics industry in the region will provide further impetus for the market growth, particularly that of the fragrance segment.
  • The flavours and fragrances market in the Asia Pacific is also being driven by the rising inclusion of products like halal ingredients, which cater to the cultural sensibilities of the region’s expansive Muslim population.

Key Offerings of the Report:

  • The EMR report gives an overview of the global, regional markets for the periods (2017-2021) and (2022-2027).
  • The report gives a detailed analysis of the historical (2017-2021) and forecasted (2022-2027) flavours and fragrances market in the Asia Pacific region.
  • It looks into the historical (2017-2021) and future (2022-2027) markets of the flavouring agents, flavour forms, fragrance types, natural fragrance types, and the applications of flavours and fragrances.
  • An overview of the regional markets in the Asia Pacific for the periods (2017-2021) and (2022-2027) has also been provided.

The key players in the Asia Pacific flavours and fragrances 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., Snowco Industrial Co., Ltd, Others.

The EMR report gives an in-depth insight into these major players, covering their capacity, market share, and latest developments like mergers and acquisitions, plant turnarounds, and expansions of capacity.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us:

Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

*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.

Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports

Global Anisole Market Report and Forecast 2022-2027

Mexico Flavours Market Report and Forecast 2022-2027