Sweet brown flavors and extracts are a versatile line of customizable flavor profiles designed to enhance the taste of products. They are available in both natural and artificial forms, in liquid and dry variations, and these extracts find applications in baked goods, beverages, cereals, snacks, and confections. The brown sugar flavors range from coffee to vanilla and others. It is a premium choice for achieving rich and enhanced flavor experiences across a broad range of food items.
Access Full Report @ https://www.databridgemarketresearch.com/reports/asia-pacific-sweet-brown-flavor-and-extract-market
Data Bridge Market Research analyzes the Asia-Pacific Sweet Brown Flavor and Extract Market is expected to reach USD 2,199,603.30 thousand by 2031 from USD 1,500,793.90 thousand in 2023, growing with a substantial CAGR of 5.1% in the forecast period of 2024 to 2031.
Key Findings of the Study
Increased Consumer Demand for Natural and Clean-Label Ingredients
The clean-label movement is influencing purchasing decisions across various segments, including baked goods, confectionery, and beverages where sweet brown flavors are prevalent. Manufacturers are responding by investing in research and development to create formulations that replicate or enhance the taste profiles of traditional sweet brown flavors while adhering to clean-label criteria. This strategic approach addresses consumer preferences and provides a market advantage to brands that can effectively communicate their products' natural and clean attributes. Furthermore, the demand for natural and clean-label sweet brown flavors is not confined to a particular geographic region; it is a global phenomenon. The market is expanding in Asia-Pacific as consumers worldwide become more health-conscious and informed about their food choices. This trend impacts consumer packaged goods and influences the purchasing decisions of food service establishments, where the clean-label trend is gaining prominence.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2024 to 2031
|
|
Base Year
|
2023
|
|
Historic Years
|
2022 (Customizable to 2016 - 2021)
|
|
Quantitative Units
|
Revenue in USD Thousand
|
|
Segments Covered
|
Product Type (Natural Extract and Flavor), Type (Vanilla, Cocoa/Chocolate, Caramels, Dairy, Nuts, Coffee, Desserts/Pastry, and Functional Solutions), Origin (Natural, Nature-Identical Compounds (NI), Artificial), Category (Green Label, Heat Stable, Regular, Non-Allergenic, and Others), Solubility (Water, Oil, Fats, and Others), Form (Liquid, Powder and Syrup), Application (Confectionery, Bakery, Chocolate, Dairy, Beverages, Nutraceutical, Baby Food, Cereal, and Others)
|
|
Countries Covered
|
Japan, China, India, South Korea, Australia, New Zealand, Singapore, Thailand, Malaysia, Indonesia, Vietnam, Taiwan, Myanmar, Philippines, Cambodia, Laos, and Rest of Asia-Pacific
|
|
Market Players Covered
|
Takasago International Corporation (Japan), Kerry Group plc. (Ireland), Cargill, Incorporated (U.S.), Firmenich SA. (Switzerland), ADM (U.S.), Givaudan (Switzerland), MANE (U.S.), Döhler GmbH (Germany), PROVA (France), Sensient Technologies Corporation (U.S.), TASTE MASTER FLAVOURS PVT LTD. (India), San-Ei Gen F.F.I.,Inc. (Japan), Golden Kelly Pat. Flavor Co., Ltd. (Japan), Keva Flavours Pvt. Ltd. (India), and Trilogy Flavors (U.S.) among others
|
|
Data Points Covered in the Report
|
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
|
Segment Analysis:
The Asia-Pacific sweet brown flavor and extract market is segmented into seven notable segments which are based on the product type, type, origin, category, solubility, form, and application.
- On the basis of product type, the market is segmented into natural extract and flavor
In 2024, the natural extract segment is expected to dominate the Asia-Pacific sweet brown flavor and extract market
In 2024, the natural extract segment is expected to dominate the market with a 59.81% market share due to their no detrimental side effect unlike most of the chemical-based flavoring agents
- On the basis of type, the market is segmented into vanilla, cocoa/chocolate, caramels, dairy, nuts, coffee, desserts/pastry, and functional solutions
In 2024, the vanilla segment is expected to dominate the Asia-Pacific sweet brown flavor and extract market
In 2024, the vanilla segment is expected to dominate the market with a 32.41% market share because vanilla is an incredibly versatile flavor that complements a wide range of products, including baked goods, desserts, and beverages
- On the basis of origin, the market is segmented into natural, Nature-Identical (NI), and artificial. In 2024, the natural segment is expected to dominate the sweet brown flavor and extract market with a 47.25% market share
- On the basis of category, the market is segmented into green label, heat stable, regular, non-allergenic, and others. In 2024, the heat stable segment is expected to dominate the market with a 38.86% market share
- On the basis of solubility, the market is segmented into water, oil, fat, and others. In 2024, the water soluble segment is expected to dominate the market with a 45.15% market share
- On the basis of form, the market is segmented into liquid, powder, and syrup. In 2024, the liquid segment is expected to dominate the market with a 54.46% market share
- On the basis of application, the market is segmented into confectionery, bakery, chocolate, dairy, beverages, nutraceuticals, baby food, cereal, and others. In 2024, the confectionery segment is expected to dominate the market with a 26.70% market share
Major Players
Data Bridge Market Research analyzes Takasago International Corporation (Japan), Kerry Group plc. (Ireland), Cargill, Incorporated (U.S.), Firmenich SA. (Switzerland), and ADM (U.S.) as the major players in the Asia-Pacific sweet brown flavor and extract market.
Market Developments
- In November 2023, Cargill, Incorporated introduced the inaugural Cocoa Development Center in Gresik, Indonesia, aiming to drive innovation aligned with changing consumer tastes in Asia. Positioned as a strategic venture in the fourth-largest cocoa-producing nation globally, the center streamlines small-scale product development. It serves as a platform for collaboratively preparing personalized cocoa recipes. This move enhances its worldwide proficiency in sustainable cocoa solutions, inviting customers to engage in collaborative endeavors for pioneering innovations
- In May 2023, Firmenich SA merged with DSM to form DSM-Firmenich AG, a leading innovation partner in nutrition, health, and beauty. The finalized merger followed the fulfillment of customary conditions and the share exchange offer. Firmenich directors have resigned, and Jane Sinclair, Geraldine Matchett, and Dimitiri de Vreeze have been appointed to the new board. The completion solidified the strategic alliance in pursuing advancements in various sectors
- In November 2022, Takasago International Corporation announced that it had been selected by the New Energy and Industrial Technology Development Organization (NEDO) to participate in the "Development of BioProduction Technology to Accelerate the Realization of Carbon Recycling" project. Under Vision 2040, "Care for People, Respect the Environment. This helped the organization develop a market image
- In September 2022, ADM expanded its global nutrition capabilities with a new flavor production facility in Pinghu, China. The 27,000+ square meter facility, strategically located near Shanghai, boasts advanced dosing technology and labs dedicated to flavor production. The Pinghu facility is part of the company's broader growth investments in its global Nutrition business, including acquisitions and stake holdings in the Asia-Pacific region. This helped the company to become a premier global nutrition company, enhancing its ability to meet customer demands for healthy and delicious foods
- In February 2019, Kerry Group plc. inaugurated its 20 USD million production facility in Tumkur, India, supporting 150 jobs with plans for 150 more upon full capacity. The 40,585 square meter facility, Kerry's fourth major investment in India, will serve global and regional customers in Southwest Asia with Taste and Beverage systems. This helped the company to strengthen its market scope in the Asia-Pacific region
Regional Analysis
On the basis of geography, the market is segmented into Japan, China, India, South Korea, Australia, New Zealand, Singapore, Thailand, Malaysia, Indonesia, Vietnam, Taiwan, Myanmar, Philippines, Cambodia, Laos, and Rest of Asia-Pacific.
As per Data Bridge Market Research analysis:
Japan is expected to dominate and be the fastest-growing country in the Asia-Pacific region
Japan is expected to dominate the market due to the presence of major market players and increased technological advancement in the region. Also, is expected to be the fastest-growing country due to increased consumer demand for natural and clean-label ingredients.
For more detailed information about the Asia-Pacific sweet brown flavor and extract market report, click here – https://www.databridgemarketresearch.com/reports/asia-pacific-sweet-brown-flavor-and-extract-market
