APAC Flavor Enhancer Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.62 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
APAC Flavor Enhancer Market Analysis
Asia-Pacific Flavor Enhancer Market is projected to grow at a CAGR of 5.62% during the forecast period, 2020-2025.
- Flavor enhancer is an additive, which is used to intensify or improve the flavor of food. Flavor enhancers provide the food products with the 'Umami' flavor. Flavor enhancers are used sparingly, with only around 0.1% to 0.5% of it being added to the food product. The distinction in flavorings--natural versus artificial--comes from the source of these identical chemicals.
- The increasing popularity of Asian cuisines across the globe is another primary reason for driving the market. Recently, many companies have launched natural flavor enhancers to meet the rising demand for clean labels.
APAC Flavor Enhancer Market Trends
This section covers the major market trends shaping the APAC Flavor Enhancer Market according to our research experts:
India is the Fastest Growing Market in the Region
India stands as the fastest growing market in the region. Consumers are not willing to compromise on the taste and health factors of the food. The demand for new and foreign flavor is increasing in the market which compels the players to come up with innovative and healthy flavors. The Indian subcontinent has a huge demand for regional and traditional flavors. Natural flavors as well as synthetic flavors enhancers are having equal importance in the market. The dairy industry has a growing application of flavors and enhancers, this is attributed to the increasing demand for flavored milk especially in the urban areas.
Rise in Consumption in Convenience Food
Growing demand for convenience food and a hectic lifestyle, the consumption of noodles is increasing at a faster pace. A mix of glutamates and nucleotides is used in the noodles for flavor enhancement. The key players such as Koninklijke DSM N.V. are providing a range of food enhancers under its brand Multirome for its application in noodles. The growing trend of Asian cuisine, especially Chinese also cater to the market studied, for the umami flavor provided by monosodium glutamate in noodles is highly consumed in the global and regional market, which in turn boosting the flavor enhancer market in the region.
APAC Flavor Enhancer Industry Overview
Many companies have launched natural flavor enhancers to meet the rising demand for clean labels. Market leader in flavor and fragrances, Firmenich has invested in building world class flavor manufacturing facility in Zhangjiagang, China, to meet the growing demand for innovative and customized flavors. Some of the major players in the market studied are Cargill Inc., Givaudan, Kerry Group plc, Firmenich SA among others.
APAC Flavor Enhancer Market Leaders
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Givaudan
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Firmenich SA
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Ajinomoto Group
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Kerry Group plc
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Cargill Inc
*Disclaimer: Major Players sorted in no particular order
APAC Flavor Enhancer Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables & Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type
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5.1.1 Acidulants
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5.1.2 Glutamates
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5.1.3 Others
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5.2 By Application
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5.2.1 Bakery
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5.2.2 Confectionery
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5.2.3 Dairy Product
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5.2.4 Beverage
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5.2.5 Others
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5.3 By Geography
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5.3.1 China
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5.3.2 Australia
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5.3.3 Japan
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5.3.4 India
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5.3.5 Rest of Asia-Pacific
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Position Analysis
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6.3 Company Profiles
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6.3.1 Cargill Inc.
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6.3.2 Givaudan
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6.3.3 Ajinomoto Group
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6.3.4 Kerry Group plc.
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6.3.5 Firmenich SA
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6.3.6 Koninklijke DSM N.V.
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6.3.7 Archer Daniels Midland Company
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6.3.8 Corbion N.V
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
APAC Flavor Enhancer Industry Segmentation
Asia-Pacific Flavor Enhancer Market is segmented by type, application, and geography. On the basis of type, the market is segmented into acidulants, glutamates, and others. On the basis of application, the market is segmented into bakery, confectionery, dairy product, beverage, others. Based on geography, the report provides a regional analysis, which includes China, Japan, India, Australia, and Rest of Asia-Pacific.
| By Type | |
| Acidulants | |
| Glutamates | |
| Others |
| By Application | |
| Bakery | |
| Confectionery | |
| Dairy Product | |
| Beverage | |
| Others |
| By Geography | |
| China | |
| Australia | |
| Japan | |
| India | |
| Rest of Asia-Pacific |
APAC Flavor Enhancer Market Research FAQs
What is the current Asia-Pacific Flavor Enhancer Market size?
The Asia-Pacific Flavor Enhancer Market is projected to register a CAGR of 5.62% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Flavor Enhancer Market?
Givaudan, Firmenich SA, Ajinomoto Group, Kerry Group plc and Cargill Inc are the major companies operating in the Asia-Pacific Flavor Enhancer Market.
What years does this Asia-Pacific Flavor Enhancer Market cover?
The report covers the Asia-Pacific Flavor Enhancer Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Flavor Enhancer Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia-Pacific Flavor Enhancer Industry Report
Statistics for the 2024 Asia-Pacific Flavor Enhancer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Flavor Enhancer analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
