According to a recent study published by Future Market Insights, around US$ 3.99 billion was the estimated size of the global encapsulated flavors and fragrances market in 2022. The market growth may be attributed to the increase in demand for encapsulated flavors and fragrances within the food & beverage, cleaning goods, and other end-use industries. By 2023, it is expected to have generated US$ 7.1 billion, with a CAGR of 5.5% from 2023 to 2033.
Without compromising their nutritional value, fruit and vegetable components can be employed to create flavours, giving chemically produced foods a more organic appearance. Smaller profit margins have been experienced by encapsulated flavour and fragrance suppliers as a result of increased interest from processors, retailers, and their private-label brands. Even if the market for encapsulated flavours and scents is growing as a result of the move towards high-quality ingredients, there remains a demand for inexpensive flavours within the food and beverage industry.
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Due to the rising demand for natural and genuine flavours and fragrances in a variety of end-use applications, such as laundry detergents, home care goods, and the food and beverage industry, including beverages, instant desserts (frozen food), and household care goods, the market has recently gained more notoriety. Flavouring agents are present in a wide variety of foods and beverages. The market for beverage flavourings is anticipated to grow significantly during the following ten years, according to an FMI analysis. Due to the growing demand for packaged beverages as well as sports and energy drinks, the sales of encapsulated flavours and perfumes will rise along with those of beverage flavouring.
Key Takeaways from this Market Study:
- Over the five-year period from 2018 to 2022, the market for encapsulated flavors and fragrances expanded at a CAGR of 4.2%.
- The most popular product category in 2022 will be flavor mixes of encapsulated tastes and scents, which will have a commanding share of around 57.1%.
- The most popular manufacturing technique is mechanical, with a dominating share of over 78.7% in 2022.
- In 2022, the market for encapsulated flavors and fragrances saw a maximum share of about 68.8% from the manufacturing of food and beverages.
- In 2033, it is expected that the United States would have more than 88.5% of the market in North America.
- In 2023, it is anticipated that the market for encapsulated tastes and fragrances in Germany will be worth US$ 475.9 million.
“The global market for encapsulated tastes is expected to develop as a result of rising health consciousness and the popularity of ethnic cuisine and beverages, which integrate the demand for spicier, hotter, and more dramatic flavors,” – remarks an analyst at FMI.
Competitive Landscape:
Manufacturers in the global market for encapsulated flavors and fragrances are concentrating on enhancing their online presence to reach a larger audience of customers. They spend money on research and development to find solutions that are affordable.
Prominent players in this market are:
- Cargill Inc.
- Firmenich Incorporated
- Givaudan
- Ingredion Incorporated
- International Flavors and Fragrances (IFF)
- Kerry Group
- Royal DSM
- Sensient Technologies
- Symrise AG
- Tate & Lyle PLC
- Others
Some key developments of the leading companies in this market are:
- EnVantec microencapsulation is employed by AIDP Inc., a firm that manufactures food and beverages. Non-GMO as well as vegetarian starch-based technology is used in this process. EnVantec is a clean label solution with outstanding stability over a 2-3 year period since the designed composition is devoid of preservatives as well as antioxidants.
- Symrise inaugurated its largest single investment in May 2020 and also invested US$23.64 million in the development of a new flavoring and fragrance production facility in Nantong, China. Symrise is clearly indicating future expansion in the area with this investment.
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More Valuable Insights Available:
Future Market Insights offers an unbiased analysis of the global encapsulated flavors and fragrances market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the encapsulated flavors and fragrances market, the market is segmented on the basis of encapsulated flavors and fragrances by product type (flavor blends, fragrance blends, essential oils & natural extracts), technology (mechanical, chemical), wall material (maltodextrin, corn syrup solid, modified cellulose), end-use (consumer goods, food, and beverage) and across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
Key Segmentation:
By Product Type:
- Flavor Blends
- Fragrance Blends
- Essential Oils & Natural Extracts
- Aroma Chemicals
By Technology:
- Mechanical
- Emulsification
- Spray Drying
- Spray-Chilling/Cooling
- Fluidized-Bed Coating
- Centrifugal Extrusion
- Chemical
- Coacervation
- Freeze Drying
- Supercritical Fluid Technique
- Nano Precipitation
- Others
By Wall Material:
- Maltodextrin (DE<20)
- Corn syrup solid (DE>20)
- Modified cellulose
- Gum Arabic
- Modified starch
- Gelatin
- Cyclodextrin
- Lecithin
- Whey protein
- Hydrogenated fat
- Others
By End-Use:
- Consumer Goods
- Laundry Detergents
- Fabric Softeners and Scent Boosters
- Household Care
- Deodorants
- Oral Care
- Skin Cleansing & Care
- Hair Care (Shampoo & Conditioner)
- Food and Beverage
- Chewing gum
- Baked Foods
- Confectionery
- Dairy Products
- Instant Desserts (Frozen Food)
- Food Flavors (Snack Food, Cereal, Oatmeal, etc.)
- Beverage & Instant Drinks & Tea
- Others
By Encapsulated Form:
- Powder
- Paste
- Granules
By Process:
- Micro-encapsulation
- Nano-encapsulation
- Hybrid-encapsulation
- Macro-encapsulation
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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