Market Size of Asia-Pacific Flavor and Fragrance Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.15 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia Pacific Flavor and Fragrance Market Analysis
The Asia-Pacific flavor and fragrance market is projected to register a CAGR of 6.15%, during the forecast period (2020-2025).
- In Asia, the food flavors witnessed significant growth rates in the last decade, owing to the increased demand from the food and beverage industry.
- The continued expansion in the major end-user sectors, like beverages and frozen food, as well as strong gains in domestic expenditures on consumer products, are the factors that are expected to support the food flavors' demand.
- The unusual flavor hybrids and stronger taste experiences are emerging as the dominant flavor profiles, with the sour flavors also gaining popularity.
