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Asia Pacific Flavours and Fragrances Market: By Fragrance Type; By Flavouring Agent; By Flavour Form; By Natural Fragrances Type; By Flavour Application; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Asia Pacific Flavours and Fragrances Market Outlook

The Asia Pacific Flavours and Fragrances Market attained nearly USD 7.35 billion in 2020. It is aided by the global market growth, which is expected to witness a growth at a CAGR of 5.0% in the forecast period of 2021-2026.

 

Asia Pacific Flavours and Fragrances Market

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The Asia Pacific Flavours and Fragrances Market is the leading industry after Europe and North America. The region is expected to be driven by the rising demand from emerging economies in the region like China and India. China is the largest flavours and fragrances market in the Asia Pacific region, accounting for over 40% of the regional market. China was followed by Japan and India as the other significant markets in the region. In the coming years, emerging nations like China and India are projected to witness faster growth than mature markets like Japan. The regional market is being driven by the growing population and the rising middle class. The middle class, especially, is defining the consumption patterns of the region leading to the increasing demand for flavours and fragrances from their major application sectors. The potential for growth of the Asia Pacific market is also leading to increased investment into the region by major global players.

India is a significant market, not just in the Asia Pacific but also in the global market. It is a major export market, exporting over three-fourths of its domestic production of flavour and fragrances ingredients. It is also a leading supplier of natural ingredients and caters to nearly 80% of the global demand for mint extracts. Thus, the Indian industry is being aided by the growing global demand for natural products and ingredients. However, the majority of the industry in India lies in the unorganised sector, which caters to products like incense sticks. The organised sector might be aided in the coming years by government schemes seeking to make the economy more formalised.

 

Properties and Applications

While flavour refers to the specific taste of a substance, fragrance is the sweet and pleasant odour of a product. They both can be added to products like foods, beverages, and cosmetics, among others to augment the taste and smell of these items to appeal to the consumers.

 

Asia Pacific Flavours and Fragrances Market By Application

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By flavouring agents, flavours can be categorised as nature identical, artificial, and natural flavouring substances, which are available in liquid and dry forms. They find their applications in sectors like:

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

Fragrances can either be made of synthetic or natural ingredients. The types of natural fragrances available in the market are flowers, fruits, musk, wood, and spice, among others.  Fragrances find their applications in:

  • Soap and Detergents  
  • Cosmetics and Toiletries
  • Fine Fragrances
  • Household Cleaners and Air Fresheners 
  • Others

The report also gives a detailed analysis of the regional markets in the Asia Pacific like China, Japan, and India.

 

Asia Pacific Flavours and Fragrances Market By Region

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Market Analysis

The Asia Pacific flavours and fragrances market is being driven by the growing population and rapid urbanisation. The increase in GDP of the major markets in the region is also aiding the industry. In India, the rising penetration of fragrance-based products like soaps and detergents are aiding the industry. The flavour segment in the Asia Pacific is being driven by the increased consumption of processed foods which require additional flavouring. The segment is also witnessing a rising demand from the beverage sector due to a rising consumption of fruit juices and the consumer demand for unique flavours. The growth in the health and nutrition segment of the food and beverage sector, particularly in the urban areas, is providing a further impetus for the growth of the flavour industry.

The rising personal care and beauty industry in the Asia Pacific is driving the market growth. The Asia Pacific is the fastest growing beauty market, globally. The fast-rising high-income class in the region is aiding the growth of luxury beauty products, which are propelling the fragrance sector forward. As consumer perception is changing from perceiving fragranced beauty products as a luxury to perceiving them as a necessity, the fragrance segment is witnessing a growth in the region. Higher penetration of fine fragrance and deodorants in the Asia Pacific flavours and fragrances market is also aiding the industry. The industry is also being aided by the introduction of ingredients and products which meet the diverse cultural sensibilities of the area like halal ingredients catering to the region’s large Muslim population. The rising consumption of products such as room fresheners and car perfumes are further propelling the industry forward.

 

Competitive Landscape

The report gives a detailed insight into the following key players in the Asia Pacific Flavours and Fragrances Market, looking into their capacity, market share, and latest developments like plant turnarounds, mergers and acquisitions, and expansions of capacity:

  • 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
  • Guangdong ADD Flavor & Fragrance Co., Ltd.
  • Guangdong Wincom Flavors & Fragrances Co., Ltd.
  • T. Hasegawa Co., Ltd. 
  • AARAV Fragrances & Flavors Pvt.Ltd

The EMR report provides an in-depth look into the market, giving an analysis of Porter’s Five Forces as well as a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Flavouring Agent, Flavour Form, Fragrance Type, Natural Fragrance Type, Flavour Application, Region
Breakup by Flavouring Agent Nature Identical Flavouring Substance, Artificial Flavouring Substance, Natural Flavours
Breakup by Flavour Form Liquid, Dry
Breakup by Fragrance Type Synthetic, Natural
Breakup by Natural Fragrance Type Flowers, Fruits, Musk, Wood, Spice, Others
Breakup by Flavour Application Beverage, Bakery and Confectionery Products, Dairy and Frozen Desserts, Savouries and Snacks, Others
Breakup by Region China, India, Japan, Others
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered 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
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*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.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Asia Pacific
7    Industry Opportunities and Challenges
8    Global Flavours and Fragrances Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Flavours and Fragrances Historical Market (2016-2020) 
    8.3    Global Flavours and Fragrances Market Forecast (2021-2026)
    8.4    Global Flavours and Fragrances Market by Region
        8.4.1    Market Share
            8.4.1.1    North America
            8.4.1.2    Europe
            8.4.1.3    Asia Pacific
            8.4.1.4    Latin America
            8.4.1.5    Middle East and Africa
9    Asia Pacific Flavours and Fragrances Market Analysis
    9.1    Key Industry Highlights
    9.2    Asia Pacific Flavours and Fragrances Historical Market (2016-2020) 
    9.3    Asia Pacific Flavours and Fragrances Market Forecast (2021-2026)
    9.4    Asia Pacific Flavours and Fragrances Market by Fragrance Type
        9.4.1    Synthetic
            9.4.1.1    Market Share
            9.4.1.2    Historical Trend (2016-2020)
            9.4.1.3    Forecast Trend (2021-2026)
        9.4.2    Natural
            9.4.2.1    Market Share
            9.4.2.2    Historical Trend (2016-2020)
            9.4.2.3    Forecast Trend (2021-2026)
    9.5    Asia Pacific Flavours and Fragrance Market by Flavouring Agent
        9.5.1    Nature Identical Flavouring Substance
            9.5.1.1    Market Share
            9.5.1.2    Historical Trend (2016-2020)
            9.5.1.3    Forecast Trend (2021-2026)
        9.5.2    Artificial Flavouring Substance
            9.5.2.1    Market Share
            9.5.2.2    Historical Trend (2016-2020)
            9.5.2.3    Forecast Trend (2021-2026)
        9.5.3    Natural Flavours
            9.5.3.1    Market Share
            9.5.3.2    Historical Trend (2016-2020)
            9.5.3.3    Forecast Trend (2021-2026)
    9.6    Asia Pacific Flavours and Fragrance Market by Flavour Form
        9.6.1    Liquid
            9.6.1.1    Market Share
            9.6.1.2    Historical Trend (2016-2020)
            9.6.1.3    Forecast Trend (2021-2026)
        9.6.2    Dry
            9.6.2.1    Market Share
            9.6.2.2    Historical Trend (2016-2020)
            9.6.2.3    Forecast Trend (2021-2026)
    9.7    Asia Pacific Flavor and Fragrances Market by Natural Fragrances Type
        9.7.1    Flowers
            9.7.1.1    Market Share
            9.7.1.2    Historical Trend (2016-2020)
            9.7.1.3    Forecast Trend (2021-2026)
        9.7.2    Fruit
            9.7.2.1    Market Share
            9.7.2.2    Historical Trend (2016-2020)
            9.7.2.3    Forecast Trend (2021-2026)
        9.7.3    Musk
            9.7.3.1    Market Share
            9.7.3.2    Historical Trend (2016-2020)
            9.7.3.3    Forecast Trend (2021-2026)
        9.7.4    Wood
            9.7.4.1    Market Share
            9.7.4.2    Historical Trend (2016-2020)
            9.7.4.3    Forecast Trend (2021-2026)
        9.7.5    Spice
            9.7.5.1    Market Share
            9.7.5.2    Historical Trend (2016-2020)
            9.7.5.3    Forecast Trend (2021-2026)
        9.7.6    Others
    9.8    Asia Pacific Flavours and Fragrance Market by Flavour Application
        9.8.1    Beverage
            9.8.1.1    Market Share
            9.8.1.2    Historical Trend (2016-2020)
            9.8.1.3    Forecast Trend (2021-2026)
        9.8.2    Bakery and Confectionery Products
            9.8.2.1    Market Share
            9.8.2.2    Historical Trend (2016-2020)
            9.8.2.3    Forecast Trend (2021-2026)
        9.8.3    Dairy and Frozen Desserts
            9.8.3.1    Market Share
            9.8.3.2    Historical Trend (2016-2020)
            9.8.3.3    Forecast Trend (2021-2026)
        9.8.4    Savouries and Snacks
            9.8.4.1    Market Share
            9.8.4.2    Historical Trend (2016-2020)
            9.8.4.3    Forecast Trend (2021-2026)
        9.8.5    Others
    9.9    Asia Pacific Flavours and Fragrances Market by Country
        9.9.1    Market Share
            9.9.1.1    China
            9.9.1.2    India
            9.9.1.3    Japan
            9.9.1.4    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Givaudan SA
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Firmenich SA
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3     International Flavors & Fragrances, Inc.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Symrise AG
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Wild Flavors, Inc.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Flavours and Fragrances Market: Key Industry Highlights, 2016 and 2026
2.    Global Flavours and Fragrances Historical Market: Breakup by Region (USD Million), 2016-2020
3.    Global Flavours and Fragrances Market Forecast: Breakup by Region (USD Million), 2021-2026
4.    Asia Pacific Flavours and Fragrances Historical Market: Breakup by Fragrance Type (USD Million), 2016-2020
5.    Asia Pacific Flavours and Fragrances Market Forecast: Breakup by Fragrance Type (USD Million), 2021-2026
6.    Asia Pacific Flavours and Fragrances Historical Market: Breakup by Flavouring Agent (USD Million), 2016-2020
7.    Asia Pacific Flavours and Fragrances Market Forecast: Breakup by Flavouring Agent (USD Million), 2021-2026
8.    Asia Pacific Flavours and Fragrances Historical Market: Breakup by Flavour Form (USD Million), 2016-2020
9.    Asia Pacific Flavours and Fragrances Market Forecast: Breakup by Flavour Form (USD Million), 2021-2026
10.    Asia Pacific Flavours and Fragrances Historical Market: Breakup by Natural Fragrances Type (USD Million), 2016-2020
11.    Asia Pacific Flavours and Fragrances Market Forecast: Breakup by Natural Fragrances Type (USD Million), 2021-2026
12.    Asia Pacific Flavours and Fragrances Historical Market: Breakup by Flavour Application (USD Million), 2016-2020
13.    Asia Pacific Flavours and Fragrances Market Forecast: Breakup by Flavour Application (USD Million), 2021-2026
14.    Asia Pacific Flavours and Fragrances Historical Market: Breakup by Country (USD Million), 2016-2020
15.    Asia Pacific Flavours and Fragrances Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Asia Pacific Flavours and Fragrances Market Structure

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