Asia Pacific Aroma Ingredients for Food and Beverages Market

Historic Data: 2020-2021   |   Base Year: 2022   |   Forecast Period: 2023-2030

Analysis - by Type {Synthetic (Terpenes, Aldehydes, Aliphatic, and Others) and Natural (Essential Oils, Herbal Extracts, Oleoresins, and Others)} and Application (Bakery and Confectionery, Dairy and Frozen Desserts, Beverages, Sweet and Savory Snacks, RTE and RTC Meals, and Others)

No. of Pages: 128    |    Report Code: BMIRE00030641    |    Category: Food and Beverages

Available Report Formats

pdf-format excel-format pptx-format
Buy Now
Asia Pacific Aroma Ingredients for Food and Beverages Market
Free Sample Buy Now

The Asia Pacific aroma ingredients for food and beverages market was valued at US$ 426.46 million in 2022 and is expected to reach US$ 638.22 million by 2030; it is estimated to register a CAGR of 5.2% from 2022 to 2030.

Rising Demand for Aromas in Plant-Based Food and Beverages Boosts Asia Pacific Aroma Ingredients for Food and Beverages Market



In recent years, the demand for plant-based food and beverages has surged owing to rising consumer awareness about health and wellness, as well as due to environmental and ethical reasons. The raw ingredients of plant-based products such as pea, almond, or soy protein contribute to the characteristics of aroma volatiles, which may not be desirable. For instance, pea protein has been known to impart beany flavor that must be reduced in the final products. Aroma ingredients play a critical role in enhancing the sensory appeal of plant-based food and beverages by imparting familiar and desirable scents, thus making them more palatable.

Aroma ingredients offer a versatile and customized solution for manufacturers seeking to develop a wide range of plant-based products that cater to diverse consumer preferences and dietary needs. By harnessing aroma ingredients derived from natural sources such as fruits, vegetables, herbs, and spices, manufacturers can create authentic and appealing flavors and scents that resonate with health-conscious consumers, thereby contributing to the market growth. Further, the rising sophistication of plant-based culinary offerings, including meat alternatives, dairy alternatives, and plant-based snacks and beverages, presents ample opportunities for aroma ingredients manufacturers to innovate and collaborate with food and beverage companies. Thus, the rising demand for aromas in plant-based food and beverages is expected to fuel the aroma ingredients for food and beverages market growth during the forecast period.

Asia Pacific Aroma Ingredients for Food and Beverages Market Overview



In Asia Pacific, the developed and developing countries are witnessing growth in urbanization, coupled with the rising middle-class population, offering several opportunities to the market players. The region is experiencing demand for diverse and innovative food and beverage options. The diverse and multicultural nature of Asia Pacific has resulted in diverse dietary preferences. The region reports increased demand for plant-based food products coupled with the surge in the vegan population. In addition, the changing consumer preferences toward healthy alternatives and surging environmental concerns post-COVID-19 pandemic have resulted in the demand for plant-based foods. According to the Biospringer, around 24% of consumers in Asia Pacific are limiting their meat consumption for environmental convictions. Aroma ingredients play a crucial role in enabling manufacturers to create plant-based food products with exciting and novel aroma combinations, enhancing the appeal of their products to a wider consumer base.

In addition, the region is experiencing a significant shift toward functional and fortified products, contributing to market growth. The functional and fortified products contain ingredients with strong and undesirable aromas, wherein the aroma ingredients are used to create a desirable product. Further, the increasing demand for ready-to-eat and ready-to-cook products in the region has contributed to the growth of aroma ingredients for food and beverages market.

Asia Pacific Aroma Ingredients for Food and Beverages Market Revenue and Forecast to 2030 (US$ Million)

Get more information on this report

Asia Pacific Aroma Ingredients for Food and Beverages Strategic Insights

Strategic insights for the Asia Pacific Aroma Ingredients for Food and Beverages provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

strategic-framework/asia-pacific-aroma-ingredients-for-food-and-beverages-market-strategic-framework.webp
Get more information on this report

Asia Pacific Aroma Ingredients for Food and Beverages Report Scope

Report Attribute Details
Market size in 2022 US$ 426.46 Million
Market Size by 2030 US$ 638.22 Million
Global CAGR (2022 - 2030) 5.2%
Historical Data 2020-2021
Forecast period 2023-2030
Segments Covered By Type
  • Synthetic
  • Natural
By Application
  • Bakery and Confectionery
  • Dairy and Frozen Desserts
  • Beverages
  • Sweet and Savory Snacks
  • RTE and RTC Meals
Regions and Countries Covered Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
Market leaders and key company profiles
  • International Flavors & Fragrances Inc.
  • Sensient Technologies Corp.
  • T. Hasegawa Co., Ltd.
  • BASF SE.
  • V MANE FILS SAS.
  • Symrise AG.
  • Firmenich International SA.
  • Archer-Daniels-Midland Co.
  • Kerry Group Plc.
    		•
    Get more information on this report

    Asia Pacific Aroma Ingredients for Food and Beverages Regional Insights

    The geographic scope of the Asia Pacific Aroma Ingredients for Food and Beverages refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

    geography/asia-pacific-aroma-ingredients-for-food-and-beverages-market-geography.webp
    Get more information on this report

    Asia Pacific Aroma Ingredients for Food and Beverages Market Segmentation



    The Asia Pacific aroma ingredients for food and beverages market is categorized into type, application, and country.

    Based on type, the Asia Pacific aroma ingredients for food and beverages market is bifurcated into synthetic and natural. The synthetic segment held a larger market share in 2022. Furthermore, the synthetic segment is further sub segmented into terpenes, aldehydes, aliphatic, and others. Additionally, the natural segment is further sub segmented into essential oils, herbal extracts, oleoresins, and others.

    In terms of application, the Asia Pacific aroma ingredients for food and beverages market is categorized into bakery and confectionery, dairy and frozen desserts, beverages, sweet and savory snacks, RTE and RTC meals, and others. The bakery and confectionery segment held the largest market share in 2022.

    By country, the Asia Pacific aroma ingredients for food and beverages market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific aroma ingredients for food and beverages market share in 2022.

    International Flavors & Fragrances Inc; Sensient Technologies Corp; BASF SE; V MANE FILS SAS; Symrise AG; Firmenich International SA; T. Hasegawa Co., Ltd.; Archer-Daniels-Midland Co; and Kerry Group Plc are some of the leading companies operating in the Asia Pacific aroma ingredients for food and beverages market.

    Identical Market Reports with other Region/Countries

    The List of Companies - Asia Pacific Aroma Ingredients for Food and Beverages Market

    1. International Flavors & Fragrances Inc.

    2. Sensient Technologies Corp.

    3. T. Hasegawa Co., Ltd.

    4. BASF SE.

    5. V MANE FILS SAS.

    6. Symrise AG.

    7. Firmenich International SA.

    8. Archer-Daniels-Midland Co.

    9. Kerry Group Plc.

    Frequently Asked Questions
    How big is the Asia Pacific Aroma Ingredients for Food and Beverages Market?

    The Asia Pacific Aroma Ingredients for Food and Beverages Market is valued at US$ 426.46 Million in 2022, it is projected to reach US$ 638.22 Million by 2030.

    What is the CAGR for Asia Pacific Aroma Ingredients for Food and Beverages Market by (2022 - 2030)?

    As per our report Asia Pacific Aroma Ingredients for Food and Beverages Market, the market size is valued at US$ 426.46 Million in 2022, projecting it to reach US$ 638.22 Million by 2030. This translates to a CAGR of approximately 5.2% during the forecast period.

    What segments are covered in this report?

    The Asia Pacific Aroma Ingredients for Food and Beverages Market report typically cover these key segments-

    • Type (Synthetic, Natural)
    • Application (Bakery and Confectionery, Dairy and Frozen Desserts, Beverages, Sweet and Savory Snacks, RTE and RTC Meals)

    What is the historic period, base year, and forecast period taken for Asia Pacific Aroma Ingredients for Food and Beverages Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Aroma Ingredients for Food and Beverages Market report:

  • Historic Period : 2020-2021
  • Base Year : 2022
  • Forecast Period : 2023-2030
    • Who are the major players in Asia Pacific Aroma Ingredients for Food and Beverages Market?

    The Asia Pacific Aroma Ingredients for Food and Beverages Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • International Flavors & Fragrances Inc.
  • Sensient Technologies Corp.
  • T. Hasegawa Co., Ltd.
  • BASF SE.
  • V MANE FILS SAS.
  • Symrise AG.
  • Firmenich International SA.
  • Archer-Daniels-Midland Co.
  • Kerry Group Plc.
    • Who should buy this report?

    The Asia Pacific Aroma Ingredients for Food and Beverages Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Asia Pacific Aroma Ingredients for Food and Beverages Market value chain can benefit from the information contained in a comprehensive market report.

    asia-pacific-aroma-ingredients-for-food-and-beverages-market