Global Encapsulated Flavors and Fragrances Market to grow to about USD 10.5 billion by 2028

23-Jun-2022 | Zion Market Research

The global encapsulated flavors and fragrances market was worth around USD 7.8 billion in 2021 and is estimated to grow to about USD 10.5 billion by 2028, with a compound annual growth rate (CAGR) of approximately 5.3 percent over the forecast period

Encapsulation in flavor technology is the process of covering an active compound with a protective layer to protect the compound from evaporating, reacting, or migrating in food. The benefits of flavor encapsulation involve protecting key flavors from changing, delivering exceptional flavor impact in the final food product, providing visually & distinctly flavored particles, and other such assistance.

Fragrance encapsulation has tremendous application in the textile industry as they are applied on various products like cushions, sofa coverings, and curtains to provide aromatherapy as well as personal garments like scarves and ties, to name a few. The global encapsulated flavors and fragrances market employs various encapsulating techniques depending on the fragrance and wall material to form protective coatings such as spheres, capsules, or vesicles.

Covid-19 did not have a significant impact on the global market apart from the initial phase arising due to transport restrictions and temporary closure of manufacturing units. However, once the restrictions were lifted, the global market started to gain momentum and is showing steady signs of growth since then.

The home decor segment has been growing exponentially in the last few years owing to the rise in the number of affordable and luxurious home care product manufacturers as well as the emergence of large-scale retailers. This is also coupled with increasing consumer databases in the clothing retail sector due to the rising population. Both of these segments are heavy consumers of encapsulated fragrances. With the hectic lifestyle led by a large section of the world population, there is a changing preference for easy-to-cook or ready-to-eat food items. This preference shift is aided by the rising disposable income of the consumer group and the presence of multiple healthy RTC or RTE items. This is propelling the use of encapsulated flavors where combination flavors have become more popular. The confectionery section of the food industry is also witnessing a surge in demand especially floral flavors like lavender or rose. All of these reasons are anticipated to assist the global encapsulated flavors and fragrances market growth during the forecast period.

However, high costs associated with the encapsulation techniques are expected to restrain the global market growth whereas the growing preference for non-conventional and unique flavors will provide the global market expansion opportunities. Flavoring qualities influencing the encapsulation process's ability to retain volatile components may act as a challenge for global market growth.

The global encapsulated flavors and fragrances market is classified based on product, technology, encapsulation process, end-use, and region. Based on the product, the global market is divided into aroma chemicals, natural extracts & essential oils, fragrance blends, and flavor blends. The technology segment is split into chemical & physicochemical process and physical process. By encapsulation process, the market is categorized into macro encapsulation, hybrid technology, nano-encapsulation, and micro-encapsulation. The end-use segment comprises food & beverages and toiletries & cleaners.

The global encapsulated flavors and fragrances market is expected to be dominated by North America during the forecast period. As per reports submitted by FMI, the USA is expected to garner 75% of the regional market share by 2028. This is in accordance with the rising inclination toward flavored and multi-grain food items aided by the presence of large-scale retailers and the high spending capacity of the general population.

Europe is projected to contribute significantly to the global market wherein Germany is anticipated to generate the highest revenue because of the rising pharmaceutical sector in the region.

Asia-Pacific to grow with a high CAGR in the global market because of technological advancements in regions like Japan, China, and India. Japan is expected to register the highest regional market share.

Some of the predominant players that are operating in the global encapsulated flavors and fragrances market include International Flavors and Fragrances (IFF), Ingredion Incorporated, Givaudan, Firmenich Incorporated, Cargill Inc, Tate & Lyle PLC, Symrise AG, Sensient Technologies, Royal DSM, Kerry Group, and others.

Recent Developments:

  • In March 2022, with AI techniques at the forefront, Symrise lifts the curtain on flavor development. Symrise offers proprietary digital techniques like predictive modeling to help flavor designers using Artificial Intelligence. They assist in the screening of the current Symrise inventory and the identification of suitable ingredients for the specialists to employ in the creation of a flavor.

Browse the full Encapsulated Flavors And Fragrances Market By Product (Flavor Blends, Fragrance Blends, Essential Oils & Natural Extracts, Aroma Chemicals), By Technology (Physical Process, Chemical & Physicochemical Process), By Encapsulation Process (Micro Encapsulation, Nano Encapsulation, Hybrid Technology, Macro Encapsulation), By End-Use (Food & Beverages And Toiletries & Cleaners), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028. Report at https://www.zionmarketresearch.com/report/encapsulated-flavors-fragrances-market

Global encapsulated flavors and fragrances market is segmented as follows:

By Product

  • Flavor Blends
  • Fragrance Blends
  • Essential Oils & Natural Extracts
  • Aroma Chemicals

By Technology

  • Physical Process
  • Chemical & Physicochemical Process

By Encapsulation Process

  • Micro Encapsulation
  • Nano Encapsulation
  • Hybrid Technology
  • Macro Encapsulation

By End User

  • Food & Beverages
  • Toiletries & Cleaners

By Region

  • North America
    • The U.S.
    • Canada
  • 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 Middle East & Africa

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