At 3.4% CAGR, the Asia Pacific Powdered Flavors Market is Projected to be Worth US$ 4,149.56 million by 2030, says Business Market Insights

According to Business Market Insights’ research, the Asia Pacific powdered flavors market was valued at US$ 3,178.93 million in 2022 and is expected to reach US$ 4,149.56 million by 2030, registering a CAGR of 3.4% from 2022 to 2030. Advantages of powder flavors and wide application of powdered flavors are among the critical factors attributed to the Asia Pacific powdered flavors market expansion.             

Powdered flavors are dehydrated or dried forms of liquid extracts. They are manufactured by spray drying or freeze drying the puree, paste, or liquid emulsions to form a fine, concentrated powder that easily blends in different formulations and is shelf stable. Powdered flavors are used in a wide range of food products, such as baked goods, confectionery, dairy and frozen desserts, savory snacks, soups, sauces, dressings, ready-to-eat meals, nutraceuticals, and meat and meat substitute products. In bakery products, powdered flavors are used in dry mixes for consistent flavor and texture. The most widely used powdered flavors in bakery and confectionery products are cocoa powder, vanilla powder, fruit powders, and cinnamon powder. Powdered flavors blend easily and enhance the taste of savory snacks—such as chips, tortilla chips, popcorn, crackers, and extruded snacks. In soups, spreads, sauces, and dressings, powdered flavors such as spice powders, milk/cream powders, and cheese powders impart unique flavors, enhance their texture and consistency, and increase the water retention capacity. Powdered flavors are also used in nutraceuticals such as protein powders, gummies, and capsules and pills to mask the unwanted flavor of certain ingredients and increase the palatability of these products. In meat and meat substitute products, powdered flavors are used to impart the umami flavor and aroma, attracting a large number of consumers. The rising demand for convenience food and beverages worldwide due to hectic lifestyles, changing eating habits, and rising per capita income has boosted the need for food additives, including powdered flavors. Thus, the wide application of powdered flavors and the rising demand for packaged food such as bakery, confectionery, dairy and frozen desserts, savory and sweet snacks, soups, sauces, salad dressings, RTE meals, and meat products, is driving the Asia Pacific powdered flavors market.

On the contrary, increasing concerns related to synthetic food flavorings hampers on the growth of Asia Pacific powdered flavors market. 

Based on type, the Asia Pacific powdered flavors market is segmented into sweet, savory, and others. The savory segment held 53.6% market share in 2022, amassing US$ 1,703.13 million. It is projected to garner US$ 2,294.49 million by 2030 to expand at 3.8% CAGR during 2022–2030.

Based on category, the Asia Pacific powdered flavors market is divided into natural and synthetic. The synthetic segment held 63.8% share of Asia Pacific powdered flavors market in 2022, amassing US$ 2,028.21 million. It is projected to garner US$ 2,599.82 million by 2030 to expand at 3.2% CAGR during 2022–2030.

Based on application, the Asia Pacific powdered flavors market is segmented into bakery and confectionery; dairy and frozen desserts; soups, sauces, and dressings; meat and meat substitute products; snacks and RTE meals; nutritional supplements; and others. The snacks and RTE Meals segment held 29.4% share of Asia Pacific powdered flavors market in 2022, amassing US$  933.77 million. It is projected to garner US$ 1,250.46 million by 2030 to expand at 3.7% CAGR during 2022–2030.

Based on country, the Asia Pacific powdered flavors market has been 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 43.4% share of Asia Pacific powdered flavors market in 2022. It was assessed at US$ 1,380.61 million in 2022 and is likely to hit US$ 1,652.77 million by 2030, exhibiting a CAGR of 2.3% during 2022–2030.            

Key players operating in the Asia Pacific powdered flavors market are Bell Flavors & Fragrances Inc, Flavorchem Corp, Gold Coast Ingredients Inc, Robertet SA, Symrise AG, and Synergy Flavours Ltd, among others.

• In 2023, Bell Flavors & Fragrances’ Technology and Innovation Center Advances Strategic Developments in Clean Label Flavors.

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com