Flavors Market Analysis

Flavors Market Analysis

Flavors market for pharmaceutical & healthcare applications from the dietary supplements end-use segment is poised to observe notable expansion to surpass USD 740 million in revenue by 2032. Dietary supplements, such as pills, capsules, tablets, powders, or liquids, improve the human diet by supplying nutrients extracted from food or synthetic sources to boost the quantity of their consumption. Shifting eating habits and lifestyles are contributing to the emergence of several diseases, thereby pushing the demand for dietary supplements due to their numerous health benefits, which is projected to drive segment expansion.
 

Asia Pacific flavors market for pharmaceutical & healthcare applications is primed to depict over 5.5% CAGR from 2023 to 2032. The substantial utilization of flavors in dietary supplements, OTC drugs, therapeutic nutrition, and healthcare nutrition in the APAC region is anticipated to bolster product penetration. Additionally, the high demand for flavored infant formula and nutrients to bolster food intake among children is increasing the adoption of various flavors in infant nutrition, which is speculated to improve the business scenario in the APAC region.