Asia Pacific Flavours And Fragrances Market Size, Share, Growth, Price, Report & Forecast 2019-2024

According to a new report by Expert Market Research titled, ‘Asia Pacific Flavours and Fragrances Market Report and Forecast 2019-2024’, the Asia Pacific flavours and fragrances market reached a value of USD 7 billion in 2018, aided by the growth of the global market. Between 2019-2024, the global flavours and fragrances market is projected to grow at a CAGR of 5%.

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Competitive Landscape & Supplier Analysis:

1. Givaudan SA (OTCMKTS: GVDNY) 2. Firmenich SA 3. International Flavors & Fragrances, Inc. (NYSE: IFF) 4. Symrise AG (OTCMKTS: SYIEY) 5. Wild Flavors, Inc. 6. Takasago International Corp 7. Guangzhou Baihua Flavours and Fragrances Company Ltd 8. Snowco Industrial Co., Ltd 9. T. Hasegawa Co., Ltd. 10. Guangdong ADD Flavor & Fragrance Co., Ltd. 11. Guangdong Wincom Flavors & Fragrances Co., Ltd. 12. Aarav Fragrances & Flavors Pvt.Ltd

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.

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1 Preface 2 Research Methodology 3 Executive Summary 3.1 Market Overview 3.2 Key Demand Drivers 3.3 Top Global Suppliers 3.4 Supply Market Changes 4 Global Flavours and Fragrances Market Outlook 5 Global Flavours and Fragrances Market 5.1 Global Flavours and Fragrances Market Analysis 5.1.1 Figure: Global Flavours & Fragrances Historical Market (2014-2018) & Forecast (2019-2024) 5.1.2 Chart: Global Flavours and Fragrances Market Breakup by Region 5.1.2.1 North America 5.1.2.2 Europe 5.1.2.3 Asia Pacific 5.1.2.4 LATAM 5.1.2.5 Middle East and Africa 5.1.3 Figure: Global Flavours and Fragrances Market Breakup by Region: Historical Market (2014-2018) and Forecast (2019-2024) 5.1.3.1 North America 5.1.3.2 Europe 5.1.3.3 Asia Pacific 5.1.3.4 LATAM 5.1.3.5 Middle East and Africa 6 Asia Pacific Flavours and Fragrances Market 6.1 Asia Pacific Flavours and Fragrances Market Analysis 6.1.1 Figure: Asia Pacific Flavours and Fragrances Historical Market (2014-2018) & Forecast (2019-2024) 6.1.2 Chart: Breakup by Flavouring Agent 6.1.2.1 Nature Identical Flavouring Substance 6.1.2.2 Artificial Flavouring Substance 6.1.2.3 Natural Flavour 6.1.3 Figure: Breakup by Flavouring Agent: Historical Market (2014-2018) and Forecast (2019-2024) 6.1.3.1 Nature Identical Flavouring Substance 6.1.3.2 Artificial Flavouring Substance 6.1.3.3 Natural Flavour 6.1.4 Chart: Breakup by Flavour Forms 6.1.4.1 Liquid 6.1.4.2 Dry 6.1.5 Figure: Breakup by Flavour Forms: Historical Market (2014-2018) and Forecast (2019-2024) 6.1.5.1 Liquid 6.1.5.2 Dry 6.1.6 Chart: Breakup by Fragrance Types 6.1.6.1 Synthetic 6.1.6.2 Natural 6.1.7 Figure: Breakup by Fragrance Types: Historical Market (2014-2018) and Forecast (2019-2024) 6.1.7.1 Synthetic 6.1.7.2 Natural 6.1.8 Chart: Breakup by Natural Fragrance Types 6.1.8.1 Flowers 6.1.8.2 Fruits 6.1.8.3 Musk 6.1.8.4 Wood 6.1.8.5 Spice 6.1.8.6 Others 6.1.9 Figure: Breakup by Natural Fragrance Types: Historical Market (2014-2018) and Forecast (2019-2024) 6.1.9.1 Flowers 6.1.9.2 Fruits 6.1.9.3 Musk 6.1.9.4 Wood 6.1.9.5 Spice 6.1.9.6 Others 6.1.10 Chart: Breakup by Flavour Applications 6.1.10.1 Beverage 6.1.10.2 Bakery and Confectionery Products 6.1.10.3 Dairy and Frozen Desserts 6.1.10.4 Savouries & snacks 6.1.10.5 Others 6.1.11 Figure: Breakup by Flavour Applications: Historical Market (2014-2018) and Forecast (2019-2024) 6.1.11.1 Beverage 6.1.11.2 Bakery and Confectionery Products 6.1.11.3 Dairy and Frozen Desserts 6.1.11.4 Savouries & snacks 6.1.11.5 Others 6.1.12 Chart: Breakup by Region 6.1.12.1 China 6.1.12.2 India 6.1.12.3 Japan 6.1.12.4 Others 6.1.13 Figure: Breakup by Region: Historical Market (2014-2018) and Forecast (2019-2024) 6.1.13.1 China 6.1.13.2 India 6.1.13.3 Japan 6.1.13.4 Others

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