Asia Pacific Flavors And Fragrances Market Size & Outlook
Asia Pacific flavors and fragrances market, 2018-2030 (US$M)
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Asia Pacific flavors and fragrances market highlights
- The Asia Pacific flavors and fragrances market generated a revenue of USD 9,089.0 million in 2022.
- The market is expected to grow at a CAGR of 7.3% from 2023 to 2030.
- In terms of segment, natural flavors & fragrances was the largest revenue generating product in 2022.
- Natural Flavors & Fragrances is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 9,089.0 million |
| Market revenue in 2030 | USD 16,005.5 million |
| Growth rate | 7.3% (CAGR from 2022 to 2030) |
| Largest segment | Natural flavors & fragrances |
| Fastest growing segment | Natural Flavors & Fragrances |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Natural Flavors & Fragrances, Aroma Chemicals |
| Key market players worldwide | Sensient Technologies Corp, MANE, Takasago International Corp, Alpha Aromatics, Ozone Naturals, Elevance Renewable Sciences, DSM Firmenich AG, Symrise AG, Vigon International, Basf SE, Indo World, Akay, Ungerer & Company, Synthite, Flavex Naturextrakte, DoTERRA, Young Living, Biolandes, International Flavors & Fragrances Inc, Givaudan SA |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 31.2% of the global flavors and fragrances market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 16,005.5 million by 2030.
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Flavors And Fragrances Market Scope
Flavors And Fragrances Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific flavors and fragrances market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to flavors and fragrances market will help companies and investors design strategic landscapes.
Natural flavors & fragrances was the largest segment with a revenue share of 74.19% in 2022. Horizon Databook has segmented the Asia Pacific flavors and fragrances market based on natural flavors & fragrances, aroma chemicals covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific countries such as India, China and Indonesia are pioneers in the natural flavors and fragrances industry and have emerged as the largest exporters of some of the most precious oils and extracts in the world. The suitable weather conditions for agriculture, low cost labor, and ample availability of raw materials, are the factors acting as the driving forces for the growth of production in this region.
Shift in consumer preference toward healthy and nutritional food & beverages and other food products in China and India is anticipated to provide lucrative growth opportunities for the global flavors & fragrances market players in the Asia Pacific market. Developing countries like China, India and Japan are also estimated to show positive growth in the near future.
Asian flavors and fragrances have also gained high popularity in the major regions such as North America and Europe. China, India, Indonesia and Vietnam are among the prominent food flavors markets in the Asia-Pacific region. Many manufacturing companies are focusing on investments in R&D facilities and the expansion of their business in the Asia Pacific region.
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Target buyers of Asia Pacific flavors and fragrances market databook
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Our clientele includes a mix of flavors and fragrances market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific flavors and fragrances market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific flavors and fragrances market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific flavors and fragrances market size, by country, 2018-2030 (US$M)
Asia Pacific Flavors And Fragrances Market Outlook Share, 2022 & 2030 (US$M)
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