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 2020 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 2019 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:
Key Findings of the Report:
Key Offerings of the Report:
The key players in the Asia Pacific flavours and fragrances market are Firmenich SA, International Flavors & Fragrances, Inc., Symrise AG, Givaudan SA, Wild Flavors, Inc., Guangzhou Baihua Flavours and Fragrances Company Ltd, Snowco Industrial Co., Ltd, Takasago International Corp, T. Hasegawa Co., Ltd., Guangdong ADD Flavor & Fragrance Co., Ltd., Guangdong Wincom Flavors & Fragrances Co., Ltd., and Aarav Fragrances & Flavors Pvt.Ltd. 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.
EMR 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 EMR, 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.
EMR Business Solutions LLP
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
"Asia Pacific Flavours and Fragrances Market: By Flavouring Agent: Nature Identical Flavouring Substance, Artificial Flavouring Substance, Natural Flavour; By Flavour Forms: Liquid, Dry; By Fragrance Types: Synthetic, Natural; By Natural Fragrance Types: Flowers, Fruits, Musk, Wood, Spice, Others; By Flavour Applications: Beverage, Bakery and Confectionery Products, Dairy and Frozen Desserts, Savouries & snacks, Others; By Region: China, India, Japan, Others; SWOT Analysis; Historical Production and Consumption (2014-2018); Production and Consumption Forecast (2019-2024); Competitive Landscape "
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.
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.
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.
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.
The North America Flavours and Fragrances Market is aiding the global market growth, which attained a value of USD 27.5 billion in 2018. The North America industry is expected to grow at a steady pa...
The Middle East and Africa Flavours and Fragrances Market is aided by the growth of the global market, which reached USD 27.5 billion in 2018. The industry in the Middle East and Africa is expected t...
The LATAM Flavours and Fragrances market reached a value of almost USD 3 billion in 2018. The market is aided by the growth of the global market. The global market is expected to witness a healthy gro...
The Europe Flavours and Fragrances market is being driven by the healthy growth of the industry and the rising innovation in the industry. In 2018, the global market attained a value of USD 27.5 billi...