Encapsulated Flavors and Fragrances Market will witness over 4.5% CAGR by 2024

Global Encapsulated Flavors and Fragrances Market size is estimated to exceed USD 8 billion by 2024; according to a new research report by Global Market Insights, Inc. Effective distribution channel along with improved health benefits is strengthening the encapsulated flavors and fragrances demand in confectionery applications. Accurate and efficient release of flavoring agents coupled with protection of the core phase from chemical reactions are among key factors driving the encapsulated flavors and fragrances growth. Increasing product demand from personal care & cosmetics products such as shampoos, anti-aging products, soaps and creams will drive the overall market share. In addition, rising demand for authentic and recognizable essences in various end user industries, including dairy & frozen products will supplement the business growth. Growing financial support from the government for research and development will further boost the market growth.

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Company Profiles

  1. Cargill
  2. Symrise AG
  3. Ingredion Incorporated
  4. Sensient Technologies Corporation
  5. Tate & Lyle
  6. Glatt Group
  7. BÜCHI Labortechnik AG
  8. TasteTech Ltd
  9. FONA International
  10. Clextral
  11. Nexira
  12. Firmenich SA
  13. Lycored
  14. Sonarome Private Limited
  15. AVEKA
  16. FrieslandCampina Kievit
  17. Flavaroma Flavours and Fragrances Pvt Ltd
  18. Etosha Pan (India) Pvt.Ltd.
  19. Insta Foods
  20. Premium Foods Company
  21. SYNTHITE INDUSTRIES LIMITED
  22. Flavaroma
  23. Mane

Fluctuating raw material prices will have a direct impact on the product price trend. In addition, higher cost of encapsulation technologies and lack of availability of food grade materials are hindering the business size. Stringent government regulations concerning the consumer’s safety are further expected to hamper the industry growth from 2018 to 2024.

Growing packaged food & beverages demand owing to the shifting consumer preference for sustainable and convenient food will propel encapsulated flavors and fragrances industry growth. Rising demand for encapsulated ingredients in confectionary products such as candies, chewing gums, chocolates and bakery products will stimulate the product penetration.

Browse key industry insights spread across 457 pages with 535 market data tables & 17 charts & figures from the report, “Global Encapsulated Flavors and Fragrances Market Size By Product (Flavor Blends, Fragrance Blends, Essential Oils & Natural Extracts, Aroma Chemicals), By Technology (Physical Process [Atomization {Spray Drying, Spray Chilling, Spray disk}, Extrusion, Fluid bed technique],Chemical & Physicochemical Process), By Encapsulation Process (Micro Encapsulation, Nano Encapsulation, Hybrid Technology, Macro Encapsulation), By End-Use (Food & Beverages [Beverage Mixes, Pressed Tablets, Chewing Gum, Bake Mixes], Toiletries & Cleaners) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, China, India, Japan, South Korea, Malaysia, Thailand, Indonesia, Australia, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/encapsulated-flavors-and-fragrances-market

Fragrance blends market accounted for 18% of the demand in 2017. Increasing consumer preferences along with growing retail sector and technological advancements has propelled the product demand. Introduction of various innovative products particularly in cosmetics, toiletries and home care products has flourished the business expansion.

Physical process segment is expected to be valued at over USD 5.5 billion in 2017. Atomization, fluid bed coating, extrusion and emulsification are the various methods covered under this category. Cost effectiveness, feedstock variability, flexibility and high production capacity are enhancing the use of atomization in the encapsulated industry.

Micro-encapsulation process held over 41% of the overall market share in 2017. Potential application in a variety of products and increasing health conscious consumers has projected to propel the business growth. Moreover, increasing R&D investments for process efficiency to expand market penetration are driving the industry size.

Food & beverages segment is expected to be valued over USD 5.2 billion by 2024. Increasing population along with rising disposable income of consumers has enhanced the product penetration. Growing usage of ready to eat food due to the busy schedule of the people will positively support the revenue generation.

Europe encapsulated flavors and fragrances market is anticipated to witness revenue share of over 26% by 2024. The regional growth can be credited to the changing lifestyle of the people coupled with increasing inclination towards fast food.

Symrise AG, Firmenich Incorporated, FrieslandCampina Kievit, Cargill Incorporated, Ingredion Incorporated and Tate & Lyle PLC are among the key identified encapsulated flavors and fragrances manufacturers. Agreements, technological advancements, new product launches, merger & acquisition and product portfolio expansion are the key strategies adopted by industry participants to strengthen their foothold. Other considerable companies include Aveka Inc, Nexira SAS, Mane, Synthite Industries Ltd, Sonarome, Sensient Technologies Corporation and Lycored Group.

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