Asia Pacific Fermented Flavor and Fragrance Ingredients Market Forecast to 2030
Asia Pacific Fermented Flavor and Fragrance Ingredients Market Forecast to 2030 – Regional Analysis – By Type (Fruity, Floral, Woody, Blends, and Others) and Application (Food and Beverages, Personal Care Products, Cosmetics, and Others)
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Description
Technological Advancements Boost Asia Pacific Fermented Flavor and Fragrance Ingredients Market
Traditional and biomass fermentation are traditional methods used for fermentation for ages. However, precision fermentation is considered an advanced type of fermentation used to produce flavors and fragrances. The process of precision fermentation includes a microbial host that is used to obtain a target ingredient, i.e., flavors and fragrances. This is done by genetic modifications affecting the host’s DNA by introducing foreign DNA. Bacteria, algae, yeast, and mold are used as a host in precision fermentation. This advanced fermentation technology requires intensive R&D, from the genetic altering and optimization of the host to feedstock selection and preparation and downstream process design, which will result in high standards of the final ingredient. This fermentation technique is more sustainable. Thus, with a growing world population to feed, severe climate changes, and the reduction of fertile lands to grow food, the demand for more efficient, sustainable, and arable land-free technologies that produce food ingredients is required. Thus, the increasing need for technologies with a lower environmental footprint is expected to boost the fermented flavor and fragrance ingredients market growth during the forecast period.
The key market players use precision fermentation technology to launch natural flavors and fragrances. For instance, Insempra recently launched a violet and raspberry fragrance developed through precision fermentation. Thus, the advancement in fermentation technology such as precision fermentation, is expected to create lucrative opportunities for the fermented flavor and fragrance ingredients market during the forecast period.
Asia Pacific Fermented Flavor and Fragrance Ingredients Market Overview
In Asia Pacific, consumer preference for natural ingredients is significantly growing. Many consumers believe natural ingredients are healthier, safer, and better for the environment than their synthetic counterparts. The demand for products free of artificial or chemically processed ingredients, including synthetic flavors, fragrances, colors, and sweeteners, is growing. The growing consumer preference for natural ingredients among food & beverages, cosmetics, personal care, home care, and personal care product industries is boosting the demand for fermented flavors and fragrances.
Developed and developing countries such as Japan, China, South Korea, Australia, and India witness growth in urbanization, coupled with the rising middle-class population, offering several opportunities for the market players, as consumers are willing to pay higher prices for clean-label products. The region reports increased demand for naturally derived products and rising sustainability concerns are upsurging the demand for microbial-based flavors and fragrances.
Moreover, the beauty industry in Asia Pacific has been growing rapidly, but concerns about sustainability have also surged. The industry has started to pay extra attention to these concerns, with many companies adopting sustainable sourcing and manufacturing practices to improve their products’ performance and lessen their environmental impact. Simultaneously, consumers demand more sustainable practices, and companies respond by providing greener products and promoting ethical practices. These factors are expected to drive the market growth in the region.
Asia Pacific Fermented Flavor and Fragrance Ingredients Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Fermented Flavor and Fragrance Ingredients Market Segmentation
The Asia Pacific fermented flavor and fragrance ingredients market is categorized into type, application, and country.
Based on type, the Asia Pacific fermented flavor and fragrance ingredients market is divided into fruity, floral, woody, blends, and others. The fruity segment held the largest Asia Pacific fermented flavor and fragrance ingredients market share in 2022.
In terms of application, the Asia Pacific fermented flavor and fragrance ingredients market is categorized into food and beverages, personal care products, cosmetics, and others. The others segment held the largest Asia Pacific fermented flavor and fragrance ingredients market share in 2022.
By country, the Asia Pacific fermented flavor and fragrance ingredients market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. The Rest of Asia Pacific dominated the Asia Pacific fermented flavor and fragrance ingredients market share in 2022.
Dohler GmbH, Takasago International Corp, Givaudan SA, BASF SE, and Firmenich International SA are some of the leading companies operating in the Asia Pacific fermented flavor and fragrance ingredients market.
Summary Info
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According toThe Research Team’ research, the Asia Pacific fermented flavor and fragrance ingredients market was valued at US$ 320.69 million in 2022 and is expected to reach US$ 685.84 million by 2030, registering a CAGR of 10.0% from 2022 to 2030. Strategic development initiatives by key market players and rising sustainability concerns are among the critical factors attributed to drive the Asia Pacific fermented flavor and fragrance ingredients market growth.
Global fermented flavors and fragrance manufacturers are investing significantly in strategic development initiatives such as product innovation, merger & acquisition, partnerships, production capacity scaleup, and expansion of their businesses to attract consumers and enhance their market position. With increasing sustainability concerns and rising demand for natural and clean-label products from consumers, end-use industries are adopting natural and sustainable ingredients. Thus, manufacturers are constantly investing and innovating in the area of fermented flavors and fragrances. For instance, in April 2023, Insempra, a biology-powered company, launched its first functional ingredient, a biotechnologically produced, 100% natural “alpha-Ionone” flavor and fragrance ingredient for food and cosmetic applications. The flavor is produced via fermentation. The company also partnered with a leading natural aroma ingredients manufacturer and distributor, “Axxence Aromatic GmbH” to market its products to food and cosmetic manufacturers worldwide. Such product launches and partnerships by key market players aid in boosting the market across the globe.
To cite another instance, in May 2023, Evolva signed a multi-year agreement with an undisclosed contract manufacturing organization (CMO) to supply vanillin made by precision fermentation for use in fragrances. Such partnerships influence to increase the production capacity of the company to produce fermented flavors and fragrances. Moreover, in December 2022, Danish aroma company EvodiaBio secured US$ 6.4 million in funding for its sustainable aroma production for food and beverages. The company produces aromas for beer through precision fermentation methods. The company also claimed that this tech solution reduces water and CO2 emissions by over 90%. Thus, constant initiatives by the key players to extend their domestic reach and gain a competitive edge positively driving the market growth.
On the contrary, high product costs hamper the growth of Asia Pacific fermented flavor and fragrance ingredients market.
Based on type, the Asia Pacific fermented flavor and fragrance ingredients market is divided into fruity, floral, woody, blends, and others. The fruity segment held 38.3% Asia Pacific fermented flavor and fragrance ingredients market share in 2022, amassing US$ 122.87 million. It is projected to garner US$ 259.40 million by 2030 to register 9.8% CAGR during 2022-2030.
In terms of application, the Asia Pacific fermented flavor and fragrance ingredients market is categorized into food and beverages, personal care products, cosmetics, and others. The others segment held 42.4% share of Asia Pacific fermented flavor and fragrance ingredients market in 2022, amassing US$ 135.86 million. It is projected to garner US$ 277.16 million by 2030 to expand at 9.3% CAGR from 2022 to 2030.
Based on country, the Asia Pacific fermented flavor and fragrance ingredients market is categorized into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. Our regional analysis states that the Rest of Asia Pacific captured 39.0% share of Asia Pacific fermented flavor and fragrance ingredients market in 2022. It was assessed at US$ 125.20 million in 2022 and is likely to hit US$ 254.17 million by 2030, registering a CAGR of 9.3% during 2022-2030.
Key players operating in the Asia Pacific fermented flavor and fragrance ingredients market are Dohler GmbH, Takasago International Corp, Givaudan SA, BASF SE, and Firmenich International SA, among others.
In December 2023, Takasago International Corp launched Clean Beauty Collective’s new Clean Reserve H2EAU in collaboration with Sephora. This product aims to serve people with sensitive skin, and the product is ethyl alcohol-free.
In February 2023, Givaudan SA partnered with biotech company Amyris to acquire primary cosmetic ingredients, including high-performance emollient Neossance Squalane, plant-based silicone alternative Neossance Hemisqualane, and sustainable sun protector CleanScreen. The long-term partnership agreement will allow Amyris to continue manufacturing cosmetic ingredients for Givaudan and provide access to its innovation capabilities. Givaudan will become the commercialization partner for future sustainable beauty ingredients. Amyris’ ingredients are used in over 20,000 products from top brands, reaching over 300 million consumers. The deal includes an upfront cash consideration and performance-based earnout.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific fermented flavor and fragrance ingredients market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific fermented flavor and fragrance ingredients market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
1. Introduction
1.1 The Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Fermented Flavor and Fragrance Ingredients Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturing Process
4.3.3 Distributors or Suppliers
4.3.4 End-Use Industries
4.3.5 List of Vendors in the Value Chain
5. Asia Pacific Fermented Flavor and Fragrance Ingredients Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Sustainability Concerns
5.1.2 Strategic Development Initiatives by Key Market Players
5.2 Market Restraints
5.2.1 High Product Costs
5.3 Market Opportunities
5.3.1 Technological Advancements
5.4 Future Trends
5.4.1 Surging Demand for “Clean Label” and “Non-GMO” Products
5.5 Impact of Drivers and Restraints:
6. Fermented Flavor and Fragrance Ingredients Market – Asia Pacific Market Analysis
6.1 Asia Pacific Fermented Flavor and Fragrance Ingredients Market Revenue (US$ Million), 2020-2030
6.2 Asia Pacific Fermented Flavor and Fragrance Ingredients Market Forecast Analysis
7. Asia Pacific Fermented Flavor and Fragrance Ingredients Market Analysis – by Type
7.1 Fruity
7.1.1 Overview
7.1.2 Fruity: Asia Pacific Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Floral
7.2.1 Overview
7.2.2 Floral: Asia Pacific Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
7.3 Woody
7.3.1 Overview
7.3.2 Woody: Asia Pacific Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Blends
7.4.1 Overview
7.4.2 Blends: Asia Pacific Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Asia Pacific Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Fermented Flavor and Fragrance Ingredients Market Analysis – by Application
8.1 Food and Beverages
8.1.1 Overview
8.1.2 Food and Beverages: Asia Pacific Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Personal Care Products
8.2.1 Overview
8.2.2 Personal Care Products: Asia Pacific Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Cosmetics
8.3.1 Overview
8.3.2 Cosmetics: Asia Pacific Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Others
8.4.1 Overview
8.4.2 Others: Asia Pacific Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Fermented Flavor and Fragrance Ingredients Market – Country Analysis
9.1 Asia Pacific
9.1.1 Asia Pacific: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast Analysis – by Country
9.1.1.1 Asia Pacific: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast Analysis – by Country
9.1.1.2 China: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.1 China: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Type
9.1.1.2.2 China: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Application
9.1.1.3 Japan: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.3.1 Japan: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Type
9.1.1.3.2 Japan: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Application
9.1.1.4 India: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.4.1 India: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Type
9.1.1.4.2 India: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Application
9.1.1.5 Australia: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.5.1 Australia: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Type
9.1.1.5.2 Australia: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Application
9.1.1.6 South Korea: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.6.1 South Korea: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Type
9.1.1.6.2 South Korea: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Application
9.1.1.7 Rest of Asia Pacific: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.7.1 Rest of Asia Pacific: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Type
9.1.1.7.2 Rest of Asia Pacific: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Application
10. Competitive Landscape
10.1 Heat Map Analysis By Key Players
10.2 Company Positioning & Concentration
11. Company Profiles
11.1 Dohler GmbH
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Takasago International Corp
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Givaudan SA
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 BASF SE
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Firmenich International SA
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
12. Appendix
12.1 About The Research Team
Table 1. Asia Pacific Fermented Flavor and Fragrance Ingredients Market Segmentation
Table 2. List of Vendors
Table 3. Asia Pacific Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Table 4. Asia Pacific Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 5. Asia Pacific Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 6. Asia Pacific: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 7. China: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 8. China: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 9. Japan: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 10. Japan: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 11. India: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 12. India: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 13. Australia: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 14. Australia: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 15. South Korea: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 16. South Korea: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 17. Rest of Asia Pacific: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 18. Rest of Asia Pacific: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 19. Heat Map Analysis By Key Players
Figure 1. Asia Pacific Fermented Flavor and Fragrance Ingredients Market Segmentation, by Country
Figure 2. Porter’s Five Forces Analysis: Asia Pacific Fermented Ingredients for Flavors and Fragrances Market
Figure 3. Ecosystem: Asia Pacific Fermented Flavor and Fragrance Ingredients Market
Figure 4. Asia Pacific Fermented Flavor and Fragrance Ingredients Market – Key Market Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Asia Pacific Fermented Flavor and Fragrance Ingredients Market Revenue (US$ Million), 2020-2030
Figure 7. Asia Pacific Fermented Flavor and Fragrance Ingredients Market Share (%) – by Type (2022 and 2030)
Figure 8. Fruity: Asia Pacific Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Floral: Asia Pacific Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Woody: Asia Pacific Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Blends: Asia Pacific Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Others: Asia Pacific Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Asia Pacific Fermented Flavor and Fragrance Ingredients Market Share (%) – by Application (2022 and 2030)
Figure 14. Food and Beverages: Asia Pacific Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Personal Care Products: Asia Pacific Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Cosmetics: Asia Pacific Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Others: Asia Pacific Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Asia Pacific: Fermented Flavor and Fragrance Ingredients Market Revenue, by Key Countries, (2022) (US$ Mn)
Figure 19. Asia Pacific: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 20. China: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 21. Japan: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 22. India: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 23. Australia: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 24. South Korea: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 25. Rest of Asia Pacific: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 26. Company Positioning & Concentration
The List of Companies – Asia Pacific Fermented Flavor and Fragrance Ingredients Market
o Dohler GmbH
o Takasago International Corp
o Givaudan SA
o BASF SE
o Firmenich International SA
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