Asia Pacific Flavours and Fragrances Market Report and Forecast 2024-2032
Market Report I 2024-01-17 I 217 Pages I EMR Inc.
Asia Pacific Flavours and Fragrances Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the Asia Pacific flavours and fragrances market is projected to grow at a CAGR of 5% between 2024 and 2032. Aided by the growing preference for a sensory experience in products and an expanding middle class with disposable income, the market is expected to grow significantly by 2032.
Flavours and fragrances, subtly yet significantly, elevate the appeal of a product, be it in the realm of food, cosmetics, or household items. From the zesty appeal in a beverage to the soothing aroma of a perfume, these compounds largely influence consumer preferences and buying decisions. In the diverse cultural tapestry of the Asia Pacific, where each country boasts of its unique culinary and olfactory palette, the potential for flavours and fragrances is colossal.
The driving force behind the Asia Pacific flavours and fragrances market growth can be attributed to several factors. At the forefront is the surge in the food and beverage sector. With Asian cuisines gaining global recognition and the evolving local palate demanding a fusion of international tastes, flavour houses have had to innovate and cater to this diverse demand. A particular tilt towards natural and organic flavourings, reflecting global trends around health and wellness, has been evident.
According to the Asia Pacific flavours and fragrances market analysis, the burgeoning cosmetic and personal care industry in the region further propels the fragrances segment. The Asian ideal of beauty and self-care, which is rooted in ancient traditions and rituals, has metamorphosed to align with contemporary aesthetics while still retaining its core essence. As brands vie for consumer attention, signature fragrances in products, from creams to shampoos, offer a distinct competitive edge.
Beyond personal care and edibles, the urbanising Asia Pacific landscape with its swelling middle class seeks an enhanced living experience. This has spiked the demand for fragrances in household products. Scented candles, aroma diffusers, and fragrant cleaning agents have found their way into homes, enhancing living spaces and making daily chores more pleasant.
Another pivotal trend influencing the Asia Pacific flavours and fragrances market outlook is the synthesis of technology with tradition. Advanced techniques like gas chromatography enable the decoding of traditional scents and tastes, facilitating their recreation and mass production. On the other hand, AI and data analytics are being leveraged to predict consumer preferences, allowing brands to stay one step ahead in their offerings.
Market Segmentation
The Asia Pacific flavours market can be divided based on product types, form, applications, and country.
Market Breakup by Product Types
- Nature Identical
- Artificial
- Natural
Market Breakup by Form
- Liquid
- Dry
Market Breakup by Applications
- Beverage
- Bakery and Confectionery Products
- Dairy and Frozen Desserts
- Savouries and Snacks
- Others
Market Breakup by Country
- China
- India
- Japan
- ASEAN
- Australia
- Others
The Asia Pacific fragrances market can be divided based on ingredients, natural fragrance types, applications, and country.
Market Breakup by Ingredients
- Synthetic
- Natural
Market Breakup by Natural Fragrance Types
- Flowers
- Fruit
- Musk
- Wood
- Spice
- Others
Market Breakup by Applications
- Soap and Detergents
- Cosmetics and Toiletries
- Fine Fragrances
- Households Cleaners and Fresheners
- Others
Market Breakup by Country
- China
- India
- Japan
- ASEAN
- Australia
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Asia Pacific flavours and fragrances market. Some of the major players explored in the report by Expert Market Research are as follows:
- Givaudan SA
- Firmenich SA
- International Flavors & Fragrances, Inc.
- Symrise AG
- Wild Flavors, Inc.
- Takasago International Corp
- Guangzhou Baihua Flavours and Fragrances Company Ltd
- Guangdong ADD Flavor & Fragrance Co., Ltd.
- Guangdong Wincom Flavors & Fragrances Co., Ltd.
- T. Hasegawa Co., Ltd.
- AARAV Fragrances & Flavors Pvt. Ltd
- Snowco Industrial Co., Ltd
- Others
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*We at Expert Market Research always strive to provide you with 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 Opportunities and Challenges in the Market
8 Asia Pacific Flavours Market Analysis
8.1 Key Industry Highlights
8.2 Asia Pacific Flavours Historical Market (2018-2023)
8.3 Asia Pacific Flavours Market Forecast (2024-2032)
8.4 Asia Pacific Flavours Market by Product Types
8.4.1 Nature Identical
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Artificial
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Natural
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Asia Pacific Flavours Market by Form
8.5.1 Liquid
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Dry
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Asia Pacific Flavours Market by Applications
8.6.1 Beverage
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Bakery and Confectionery Products
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Dairy and Frozen Desserts
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Savouries and Snacks
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Asia Pacific Flavours Market by Country
8.7.1 China
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 India
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Japan
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 ASEAN
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Australia
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.1.6 Others
9 Asia Pacific Fragrances Market Analysis
9.1 Key Industry Highlights
9.2 Asia Pacific Fragrances Historical Market (2018-2023)
9.3 Asia Pacific Fragrances Market Forecast (2024-2032)
9.4 Asia Pacific Fragrances Market by Ingredients
9.4.1 Synthetic
9.4.1.1 Historical Trend (2018-2023)
9.4.1.2 Forecast Trend (2024-2032)
9.4.2 Natural
9.4.2.1 Historical Trend (2018-2023)
9.4.2.2 Forecast Trend (2024-2032)
9.5 Asia Pacific Fragrances Market by Natural Fragrance Types
9.5.1 Flowers
9.5.1.1 Historical Trend (2018-2023)
9.5.1.2 Forecast Trend (2024-2032)
9.5.2 Fruit
9.5.2.1 Historical Trend (2018-2023)
9.5.2.2 Forecast Trend (2024-2032)
9.5.3 Musk
9.5.3.1 Historical Trend (2018-2023)
9.5.3.2 Forecast Trend (2024-2032)
9.5.4 Wood
9.5.4.1 Historical Trend (2018-2023)
9.5.4.2 Forecast Trend (2024-2032)
9.5.5 Spice
9.5.5.1 Historical Trend (2018-2023)
9.5.5.2 Forecast Trend (2024-2032)
9.5.6 Others
9.6 Asia Pacific Fragrances Market by Applications
9.6.1 Soap and Detergents
9.6.1.1 Historical Trend (2018-2023)
9.6.1.2 Forecast Trend (2024-2032)
9.6.2 Cosmetics and Toiletries
9.6.2.1 Historical Trend (2018-2023)
9.6.2.2 Forecast Trend (2024-2032)
9.6.3 Fine Fragrances
9.6.3.1 Historical Trend (2018-2023)
9.6.3.2 Forecast Trend (2024-2032)
9.6.4 Households Cleaners and Fresheners
9.6.4.1 Historical Trend (2018-2023)
9.6.4.2 Forecast Trend (2024-2032)
9.6.5 Others
9.7 Asia Pacific Fragrances Market by Country
9.7.1 China
9.7.1.1 Historical Trend (2018-2023)
9.7.1.2 Forecast Trend (2024-2032)
9.7.2 India
9.7.2.1 Historical Trend (2018-2023)
9.7.2.2 Forecast Trend (2024-2032)
9.7.3 Japan
9.7.3.1 Historical Trend (2018-2023)
9.7.3.2 Forecast Trend (2024-2032)
9.7.4 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 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Givaudan SA
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Firmenich SA
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 International Flavors & Fragrances, Inc.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Symrise AG
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Wild Flavors, Inc.
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Takasago International Corp
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Guangzhou Baihua Flavours and Fragrances Company Ltd
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Guangdong ADD Flavor & Fragrance Co., Ltd.
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 Guangdong Wincom Flavors & Fragrances Co., Ltd.
13.2.9.1 Company Overview
13.2.9.2 Product Portfolio
13.2.9.3 Demographic Reach and Achievements
13.2.9.4 Certifications
13.2.10 T. Hasegawa Co., Ltd.
13.2.10.1 Company Overview
13.2.10.2 Product Portfolio
13.2.10.3 Demographic Reach and Achievements
13.2.10.4 Certifications
13.2.11 AARAV Fragrances & Flavors Pvt. Ltd
13.2.11.1 Company Overview
13.2.11.2 Product Portfolio
13.2.11.3 Demographic Reach and Achievements
13.2.11.4 Certifications
13.2.12 Snowco Industrial Co., Ltd
13.2.12.1 Company Overview
13.2.12.2 Product Portfolio
13.2.12.3 Demographic Reach and Achievements
13.2.12.4 Certifications
13.2.13 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Flavours Market: Key Industry Highlights, 2018 and 2032
2. Asia Pacific Flavours Historical Market: Breakup by Product Types (USD Million), 2018-2023
3. Asia Pacific Flavours Market Forecast: Breakup by Product Types (USD Million), 2024-2032
4. Asia Pacific Flavours Historical Market: Breakup by Form (USD Million), 2018-2023
5. Asia Pacific Flavours Market Forecast: Breakup by Form (USD Million), 2024-2032
6. Asia Pacific Flavours Historical Market: Breakup by Applications (USD Million), 2018-2023
7. Asia Pacific Flavours Market Forecast: Breakup by Applications (USD Million), 2024-2032
8. Asia Pacific Flavours Historical Market: Breakup by Country (USD Million), 2018-2023
9. Asia Pacific Flavours Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Asia Pacific Fragrance Market: Key Industry Highlights, 2018 and 2032
11. Asia Pacific Fragrances Historical Market: Breakup by Ingredients (USD Million), 2018-2023
12. Asia Pacific Fragrances Market Forecast: Breakup by Ingredients (USD Million), 2024-2032
13. Asia Pacific Fragrances Historical Market: Breakup by Natural Fragrance Types (USD Million), 2018-2023
14. Asia Pacific Fragrances Market Forecast: Breakup by Natural Fragrance Types (USD Million), 2024-2032
15. Asia Pacific Fragrances Historical Market: Breakup by Applications (USD Million), 2018-2023
16. Asia Pacific Fragrances Market Forecast: Breakup by Applications (USD Million), 2024-2032
17. Asia Pacific Fragrances Historical Market: Breakup by Country (USD Million), 2018-2023
18. Asia Pacific Fragrances Market Forecast: Breakup by Country (USD Million), 2024-2032
19. Asia Pacific Flavours and Fragrances Market Structure
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