The Asia Pacific Flavor Drops Market would witness market growth of 8.9% CAGR during the forecast period (2023-2030).
The China market dominated the Asia Pacific Flavor Drops Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $10,782.8 Thousands by 2030. The Japan market is registering a CAGR of 8.2% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 9.5% during (2023 - 2030).
Flavor drops are commonly used to formulate nutritional supplements, including protein powders, meal replacements, vitamins, and dietary supplements. They help mask the unpleasant taste of certain active ingredients and enhance the palatability of nutritional products, making them more appealing to consumers.
Likewise, these drops are employed in formulating personal care items like toothpaste, mouthwash, and oral care products, enhancing flavor and boosting consumer appeal. They are also used in pharmaceutical products, such as liquid medications and oral syrups, to improve flavor and facilitate administration, particularly for pediatric and geriatric patients.
According to the State Council of the People’s Republic of China, in 2021, major beverage producers saw their output rise 12 percent year-on-year to over 183 million tons. In December alone, the beverage output amounted to 13.59 million tons, up 8.3 percent year-on-year. Likewise, according to the Ministry of Food Processing Industry, in 2021, India’s bakery products industry grew by 13.3% and was the fourth largest regionally in production value. The industry’s turnover is forecasted to grow at a rate of 4.2% over 2021-2026. In conclusion, the increasing beverage industry and rising bakery sector in the region drive the market’s growth.
Based on Content Type, the market is segmented into Regular, and Sugar Free. Based on Nature, the market is segmented into Conventional, and Organic. Based on Flavor Type, the market is segmented into Fruit, Tea-Coffee, Chocolate, Lemon, Vanilla, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
The China market dominated the Asia Pacific Flavor Drops Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $10,782.8 Thousands by 2030. The Japan market is registering a CAGR of 8.2% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 9.5% during (2023 - 2030).
Flavor drops are commonly used to formulate nutritional supplements, including protein powders, meal replacements, vitamins, and dietary supplements. They help mask the unpleasant taste of certain active ingredients and enhance the palatability of nutritional products, making them more appealing to consumers.
Likewise, these drops are employed in formulating personal care items like toothpaste, mouthwash, and oral care products, enhancing flavor and boosting consumer appeal. They are also used in pharmaceutical products, such as liquid medications and oral syrups, to improve flavor and facilitate administration, particularly for pediatric and geriatric patients.
According to the State Council of the People’s Republic of China, in 2021, major beverage producers saw their output rise 12 percent year-on-year to over 183 million tons. In December alone, the beverage output amounted to 13.59 million tons, up 8.3 percent year-on-year. Likewise, according to the Ministry of Food Processing Industry, in 2021, India’s bakery products industry grew by 13.3% and was the fourth largest regionally in production value. The industry’s turnover is forecasted to grow at a rate of 4.2% over 2021-2026. In conclusion, the increasing beverage industry and rising bakery sector in the region drive the market’s growth.
Based on Content Type, the market is segmented into Regular, and Sugar Free. Based on Nature, the market is segmented into Conventional, and Organic. Based on Flavor Type, the market is segmented into Fruit, Tea-Coffee, Chocolate, Lemon, Vanilla, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
- AARKE AB (Altor Digital AB)
- Sauer Brands Inc.
- OliveNation, LLC
- McCormick & Company, Inc.
- Nielsen-Massey Vanillas, Inc.
- Sensient Technologies Corporation
- Kerry Group PLC
- International Flavors & Fragrances, Inc.
- Myprotein (The Hut Group)
Market Report Segmentation
By Content Type- Regular
- Sugar Free
- Conventional
- Organic
- Fruit
- Tea-Coffee
- Chocolate
- Lemon
- Vanilla
- Others
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Asia Pacific Flavor Drops Market by Content Type
Chapter 5. Asia Pacific Flavor Drops Market by Nature
Chapter 6. Asia Pacific Flavor Drops Market by Flavor Type
Chapter 7. Asia Pacific Flavor Drops Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- AARKE AB (Altor Digital AB)
- Sauer Brands Inc.
- OliveNation, LLC
- McCormick & Company, Inc.
- Nielsen-Massey Vanillas, Inc.
- Sensient Technologies Corporation
- Kerry Group PLC
- International Flavors & Fragrances, Inc.
- Myprotein (The Hut Group)
Methodology
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