Report : Asia Pacific Dairy Flavors Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Flavor Profile (Cheese, Butter, Cream, and Others), Form (Liquid, Powder, and Paste), Category (Artificial and Natural), Nature (Dairy-based and Dairy-free), and Application (Bakery and Confectionery; Dairy and Frozen Desserts; Soups and Sauces; Dressings, Dips, and Spreads; Beverages; and Others)
At 5.0% CAGR, the Asia Pacific Dairy Flavors Market is speculated to be worth US$ 1,164.71 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Asia Pacific dairy flavors market was valued at US$ 869.18 million in 2022 and is expected to reach US$ 1,164.71 million by 2028, registering a CAGR of 5.0% from 2022 to 2028. Enzyme-modified dairy flavors and growth of Asia pacific dairy industry are the critical factors attributed to the Asia Pacific dairy flavors market expansion.
Enzyme-modified dairy flavors are extracted by treating the milk proteins and lipids with enzymes under controlled temperature and pressure conditions. Enzymes such as lipases and proteinases are used in the enzyme modification process. Dairy flavors manufactured using the enzyme modification process have a stronger flavor than those manufactured using traditional processes. The enzyme modification process also reduces the overall time required for manufacturing the dairy flavors. For instance, traditional cheese manufacturing requires around 1–2 years, whereas enzyme-modified cheese can be manufactured in 3–4 days which is used to manufacture cheese flavors. Enzyme-modified dairy flavors offer an authentic and rich flavor to the food and beverages, including bakery products, sweet and savory snacks, dairy-based beverages, frozen desserts, soups, and sauces. They also impart consistent flavor, reduce overall fat content, and save production costs and overheads. Flavorjen—one of the prominent manufacturers of dairy flavors in Asia Pacific which offers a wide range of enzyme-modified cheese flavors, including cheddars, blue, feta, parmesan, Romano, and pecorino, having a concentration of more than 42%. The rising demand for enzyme-modified dairy flavors for manufacturing various foods and beverages is driving the growth of dairy flavors market.
On the contrary, side effects of added flavors hurdles the growth of Asia Pacific dairy flavors market.
Based on flavor profile, the Asia Pacific dairy flavors market is segmented into cheese, butter, cream, and others. The cheese segment held 38.2% share of Asia Pacific dairy flavors market in 2022, amassing US$ 332.28 million. It is projected to garner US$ 465.87 million by 2028 to expand at 5.8% CAGR during 2022–2028.
Based on form, the Asia Pacific dairy flavors market is segmented into liquid, powder, and paste. The liquid segment held 48.8% share of Asia Pacific dairy flavors market in 2022, amassing US$ 423.84 million. It is projected to garner US$ 560.90 million by 2028 to expand at 4.8% CAGR during 2022–2028.
Based on nature, the Asia Pacific dairy flavors market is bifurcated into dairy-based and dairy-free. The dairy-based segment held 68.0% share of Asia Pacific dairy flavors market in 2022, amassing US$ 590.93 million. It is projected to garner US$ 786.96 million by 2028 to expand at 4.9% CAGR during 2022–2028.
Based on category, the Asia Pacific dairy flavors market is bifurcated into artificial and natural. The natural segment held 84.8% share of Asia Pacific dairy flavors market in 2022, amassing US$ 737.32 million. It is projected to garner US$ 994.09 million by 2028 to expand at 5.1% CAGR during 2022–2028.
Based on application, the Asia Pacific dairy flavors market is segmented into bakery and confectionery; dairy and frozen desserts; soups and sauces; dressings, dips, and spreads; beverages; and others. The bakery and confectionery segment held 29.4% share of Asia Pacific dairy flavors market in 2022, amassing US$ 255.14 million. It is projected to garner US$ 314.72 million by 2028 to expand at 3.6% CAGR during 2022–2028.
Based on country, the Asia Pacific dairy flavors market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia-Pacific. Our regional analysis states that the Rest of Asia-Pacific captured 37.0% share of Asia Pacific dairy flavors market in 2022. It was assessed at US$ 321.35 million in 2022 and is likely to hit US$ 410.35 million by 2028, exhibiting a CAGR of 4.2% during the forecast period.
Key players profiles in the Asia Pacific dairy flavors market report Flavorade India; FLAVORJEN; Givaudan S.A.; JENEIL BIOTECH, INC.; Kerry Group; Sensient Technologies Corporation; Symrise; Synergy Flavors; and The Edlong Corporation, among others.
Contact Us
Contact Person: Sameer Joshi
Phone: +1- 646- 491- 9876
Email id: sam@businessmarketinsights.com