The global market size in 2016 was estimated USD 9.2 billion and is estimated to increase at a compound annual growth rate (CAGR) of 3.5% and reach nearly USD 12 billion by 2022. Natural food flavors have attracted attention of food ingredients manufacturers, with increasing consumer demand for fresh and natural products.
Asia-Pacific represents the fastest growing market, especially India, Indonesia, and China, are growing markets for food flavor manufacturing companies.
China and India are the leading players in the Asia pacific flavors market. China holds the market leader position in the production and consumption of MSG and this mainly attributed to its huge population. South East nations with their varying flavor preferences are a complex domain for the manufacturers to cater to.
Based on that, the Global Flavor Summit Asia 2017 will be launched in Shanghai, China from Nov 16th-17th, 2017. The summit will gather distinguished experts as well as industry leaders for a thorough analysis of the latest regulatory dynamics and industry integration, R&D trends of different flavors ,market trends of flavor , strategic sourcing of flavor together with good practice sharing in India and Indonesia to accelerate industry restructuring, upgrading and integration.
