The dairy industry is one of the significant contributors to the economic growth of Asia Pacific countries, especially India and China. India is one of the major producers of milk and other dairy products. According to the Food and Agriculture Organization (FAO), India is the leading milk producer, having around 22% share of the global milk output. The growth of the dairy industry in Asia Pacific is primarily attributed to the significant economic development, rise in disposable income, and increase in preference for healthy and protein-rich food and beverages. According to the Food and Agriculture Organization, the milk production in countries such as India and China have been growing significantly from 2018 to 2021. With the growth of the dairy industry, the dairy flavors market in Asia Pacific is also projected to grow significantly. The abundance of raw materials for manufacturing dairy flavors due to the presence of the well-established dairy industry in the region is expected to propel the growth of the dairy flavors market across Asia Pacific.
A few players operating in the dairy flavors market are Jeneil, Flavorjen, The Edlong Corporation, Givaudan S.A., Kerry Group, Sensient Technologies, Symrise, Synergy Flavors, Bluegrass Ingredients Inc., and Flavorade India among few others.