02-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Encapsulated Flavors And Fragrances Market – By Form (Macro-encapsulated, Microencapsulated, and others), By End-user (Food & Beverages, Cleaners, Toiletries, Personal Care & Cosmetics, and Others) and By Product Category (Essential Oils & Natural Extracts, Aroma Chemicals, Flavor Blends, and Fragrance Blends): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecast 2021–2028” states that the global encapsulated flavors and fragrances market in 2020 was approximately USD 3.27 Billion. The market is expected to grow at a CAGR of 4.6% and is anticipated to reach around USD 4.89 Billion by 2028.
Encapsulation is a methodology of containing flavors and fragrances by using a coating material. Encapsulation isolates the coated material for the external environment. This precludes the loss of fragrances and flavor and restraints the deterioration throughout processing and storage. Moreover, this methodology offers functional properties to flavor and fragrance such as the controlled release of flavor and fragrance molecules as per the requirement of different environments including spray, water, and mouth, in products for example candy, food coloring, toothpaste, flavored tea, and others. The market is anticipated to bolster at a CAGR of 4.5% throughout the forecast period.
The fast-paced life, changing lifestyle, and changing food habits are increasing the demand for packaged food & beverages. This is supporting the rising demand for encapsulated flavors and fragrances resulting in the market’s growth globally. Moreover, increasing investment by major players and rapid development in technologies accompanied by increased R&D investment is encouraging the encapsulated flavors and fragrances market growth. However, the higher cost of encapsulation technologies may hinder the market’s growth. The high cost of encapsulation technologies leads to an increased final cost of the product. Moreover, the lack of availability of food-grade materials is deterring the business size. Furthermore, stringent government regulations concerning consumer safety are anticipated to restrain the industry growth from 2020 to 2028. Nevertheless, the rising application of encapsulated flavors and fragrances in various end-use industries such as food & beverages, textile, and personal care products is likely to offer a lucrative opportunity for market growth.
There is a substantial application of encapsulated flavors and fragrances in packaged food & beverages owing to the increasing demand for packaged food. Further, the encapsulated flavors and fragrances are used in textile and personal care products. Consumers tend to spend more on personal care products due to the increasing affordability and preference to maintain a healthy lifestyle. Growing consumer products and the personal care industry globally, especially in Europe and the Asia Pacific region, is anticipated to propel the encapsulated flavors and fragrances market growth in the near future.
The encapsulated flavors and fragrances market is segmented based on form, end-user, and product category. On the basis of form segmentation, the market is classified into macro-encapsulated, microencapsulated, and others. The microencapsulated segment is anticipated to encompass a substantial share in the global encapsulated flavor industry owing to its unique functionalities i.e. targeted action, popularity in the pharmaceutical industry, and huge R&D investments in innovations of this segment.
In terms of end-user segmentation, the market is bifurcated into food & beverages, cleaners, toiletries, personal care & cosmetics, and others. The food & beverage segment held a significant market share. This segment is estimated to witness substantial growth in the forecast period, owing to the fast past life and alteration of eating habits amongst the population. Based on product category, the market is divided into essential oils & natural extracts, aroma chemicals, flavor blends, and fragrance blends. Amongst all, aroma chemicals held the largest share globally.
Geographically, Asia Pacific held the largest share for the global encapsulated flavors and fragrances market with an estimated market share of 42% in 2019, and it is anticipated to continue bolstering throughout the forecast period with a CAGR of approximately 4.5% by 2028. This growth is owed to massive industrialization, rising per capita income, and prompt development in the pharmaceutical industry. Moreover, increasing the inclination of the population towards acquiring cosmetics products is also fueling the growth of this market in APAC.
Report Scope
Report Attribute |
Details |
Market Size in 2020 |
USD 3.27 Billion |
Projected Market Size in 2028 |
USD 4.89 Billion |
CAGR Growth Rate |
4.6% CAGR |
Base Year |
2020 |
Forecast Years |
2021-2028 |
Key Market Players |
Premium Foods Co. Ltd., Firmenich SA, Ingredion Incorporated, Etosha Pan, Sonarome, Lycored, BÜCHI Labortechnik AG, Sensient, Clextral, Cargill, MANE, FONA International Inc., Glatt GmbH, Tate & Lyle plc, and AVEKA., among others |
Key Segment |
By Form, By End-user, By Product Category, and By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Browse the full “Encapsulated Flavors And Fragrances Market – By Form (Macro-encapsulated, Microencapsulated, and others), By End-user (Food & Beverages, Cleaners, Toiletries, Personal Care & Cosmetics, and Others) and By Product Category (Essential Oils & Natural Extracts, Aroma Chemicals, Flavor Blends, and Fragrance Blends): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecast 2021–2028" report at https://www.fnfresearch.com/encapsulated-fragrances-market
Some of the essential players operating in the encapsulated flavors and fragrances market, but not restricted to include Premium Foods Co. Ltd., Firmenich SA, Ingredion Incorporated, Etosha Pan, Sonarome, Lycored, BÜCHI Labortechnik AG, Sensient, Clextral, Cargill, MANE, FONA International Inc., Glatt GmbH, Tate & Lyle plc, and AVEKA., and others.
This report segments the encapsulated flavors and fragrances market as follows:
Global Encapsulated Flavors And Fragrances Market: Form Segmentation Analysis
- Macro-encapsulated
- Microencapsulated
- Others
Global Encapsulated Flavors And Fragrances Market: End-user Segmentation Analysis
- Food & Beverages
- Cleaners
- Toiletries
- Personal Care & Cosmetics
- Others
Global Encapsulated Flavors And Fragrances Market: Product Category Segmentation Analysis
- Essential Oils & Natural Extracts
- Aroma Chemicals
- Flavor Blends
- Fragrance Blends
Global Encapsulated Flavors And Fragrances Market: Regional Segmentation Analysis
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
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