Encapsulated Flavors And Fragrances Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Encapsulated Flavors And Fragrances Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Encapsulated Flavors And Fragrances Global Market Report 2024, The encapsulated flavors and fragrances market size has grown strongly in recent years. It will grow from $4.36 billion in 2023 to $4.65 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to consumer demand for novelty and innovation, extended shelf life and stability, rising awareness of health and wellness, expanding food and beverage industry, innovations in product formulations.

The encapsulated flavors and fragrances market size is expected to see strong growth in the next few years. It will grow to $5.87 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to focus on clean label products, global expansion of cosmetics industry, e-commerce and changing retail dynamics, customization and personalization trends. Major trends in the forecast period include customization and tailored sensory experiences, expansion into home and fabric care products, advancements in encapsulation materials, integration of artificial intelligence (ai) in flavor development.

The proliferating food and beverage industry is expected to propel the growth of the encapsulated flavors and fragrances market going forward. The food and beverage industry is the economic sector that involves producing, processing, distributing, and selling food and drink products. It encompasses various businesses and activities, including agriculture, food manufacturing, food service, retailing, and catering. Encapsulated flavors and fragrances are primarily used in the food and beverage industry to improve flavor stability, control flavor release, enhance the sensory experience, improve product quality, and provide unique flavor profiles. For instance, in April 2022, according to the reports shared by the Common Thread Collective., a US-based eCommerce growth agency, global food and beverage sales were $506 billion in 2022 and are expected to reach $857 billion by 2025. Furthermore, in May 2023, according to YCharts., a US-based Software company, US food and beverage store sales were 81.25 billion in 2022, which increased to 82.10 billion in 2023. Therefore, the proliferating food and beverage industry is driving the growth of the encapsulated flavors and fragrances market.

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The encapsulated flavors and fragrances market covered in this report is segmented –

1) By Product Type: Flavor Blends, Fragrance Blends, Essential Oils And Natural Extracts, Aroma Chemicals

2) By Encapsulated Form: Powder, Paste, Granules

3) By Process: Micro-Encapsulation, Nano-Encapsulation, Hybrid-Encapsulation, Macro-Encapsulation

4) By Technology: Physical Process, Physicochemical Process, Chemical Process, Extrusion, Fluid Bed, Other Technologies

5) By End-User: Food And Beverages, Cleaners, Toiletries, Personal Care And Cosmetics, Other End Users

Technological advancements are a key trend gaining popularity in the encapsulated flavors and fragrances market. Major companies operating in the encapsulated flavors and fragrances market are developing innovative technologies to sustain their position in the market. For instance, in December 2021, Givaudan, a Switzerland-based chemicals company, launched PlanetCaps, an innovative fragrance encapsulation technology that uses a renewable carbon source material to create biodegradable fragrance capsules. These capsules are designed to release their fragrance slowly over time, providing a long-lasting and sustainable scent experience. PlanetCaps has several advantages over traditional fragrance capsules. They are made from renewable carbon sources and are more environmentally friendly. Overall, PlanetCaps is a promising new technology that has the potential to make fragrance capsules more sustainable. Additionally, it includes benefits such as being biodegradable, long-lasting, safe, and versatile.

The encapsulated flavors and fragrances market report table of contents includes:

Executive Summary
Encapsulated Flavors And Fragrances Market Characteristics
Encapsulated Flavors And Fragrances Market Trends And Strategies
Encapsulated Flavors And Fragrances Market – Macro Economic Scenario
Global Encapsulated Flavors And Fragrances Market Size and Growth

Global Encapsulated Flavors And Fragrances Market Competitive Benchmarking
Global Encapsulated Flavors And Fragrances Market Competitive Dashboard
Key Mergers And Acquisitions In The Encapsulated Flavors And Fragrances Market
Encapsulated Flavors And Fragrances Market Future Outlook and Potential Analysis
Appendix

Top Major Players: