Encapsulated Flavors and Fragrances Market Overview
The Global Encapsulated Flavors and Fragrance Market size is expected to grow from USD 7.8 billion in 2023 to USD 13.07 billion by 2032, at a CAGR of 5.9% during the forecast period (2024-2032).
Encapsulation refers to the protection of flavoring agents or fragrance molecules by a specific envelope. Encapsulation helps to minimize the degradation or loss of flavor and fragrance during the various process and storge of the particular products. In addition, the envelope can also furnish functional properties such as controlled release of aromatic molecules in a given environment. The material that is covered is known as an active or core material, whereas the coating material is called a shell or encapsulated material. Moreover, flavors are costly and sensitive products that are utilized in food products as an additive. To perpetuate the long-term stability and integrity of the flavors present in the food products, they are encapsulated, or in other words, are protected.
Additionally, encapsulation cater uniformity, improved taste, increased shelf life, coloring, and protection of food items from harsh conditions. To protect the flavor and fragrance from the evaporation, oxidation, and moisture intake encapsulation create the barrier wall between the flavors and environment. Also, protect from other adverse effects, it assists in separating incompatible flavor constituents. Encapsulation of flavors has been commercialized by application methods such as spray drying, spray cooling, extrusion, molecular inclusion, and others.
Report Coverage:
The global market report of Encapsulated Flavors and Fragrance Market by the Introspective Market Research includes qualitative and quantitative insights. The company also offers a detailed analysis of the market size and growth rate of the possible segments. The report tracks recent developments, key players and start-up’s details that are working in the industry. The report offers surplus of information about market entry strategies, regulatory framework and reimbursement scenario.
Market Dynamics and Factors:
Drivers:
Changing the consumer lifestyles and growing demand for packaged food and beverages owing to busy and hectic schedule among the consumers leads the accelerate the market growth over period. In addition, switching consumer preferences towards the fast food, ready to eat and cook food due to time saving and fast paced life will further support the industry growth.
An increased demand for the original flavored and fragrance products is one of the major driving factors which leads to the market growth in projected period.
Technological advancement with increased R&D investments by the key players will fueled the business growth. Leading players are primarily focused on new product innovation and launches to attain market expansion is major factor to stimulate the market growth over forecast period.
Various application of encapsulate flavors and fragrance in industries such as household care, personal care, textile, will capture the market in future. Odor and flavor masking and controlled release characteristics in delivering nutrients are helps to boost the market.
Restraints:
Lack of technical assistance by the stringent government norms and rules about consumer safety, limited availability of food grade materials, high product pricing are major factors may hinder the market growth in projected period.
Opportunities:
Research and development in paper production or coating with potential developments of micro or nano system due to latest trend of renewable product will create the opportunity in upcoming years. Additionally, high quality product development, innovation in flexible food packaging’s are expected to growth for the market in projected period.
Market Segmentation
Type Insights
Based on Product, flavor blends accounted the largest share in the market due to switching consumer preferences towards the fortified food, eating habits are boost the encapsulate product demand. Furthermore, essential oils and natural extract are also fastest growing segment after flavor blend owing to increasing the health awareness and demand for natural based product by the consumers.
Based on Technology, mechanical technology segment dominates the market owing to high production capacity, economic feasibility, particle size flexibility, feedstock versatility is driving the segment in the market.
Based on Process, micro encapsulation process accounted the largest share in the market. Technological advancement benefits including precise release of the nutrients at proper place and in time are helps to boost the market.
Based on End Use, food and beverages segment dominates over the market owing to increased demand for packaged food, healthy snacks, confectionary products, and others are driving the market. In addition, increasing healthy diet pattern among the consumers smart drinks beverages helps to fueling the growth of the encapsulated flavor and fragrance market.
Based on Encapsulated Form, paste form is accounted largest demand in the market due to their unique properties such as stickiness, strong protection of flavors from environmental conditions and long shelf life with products.
Regional Analysis
Asia Pacific region accounted the major share of the market owing to rapidly growing population along with rising per capita income, an increasing growth in demand for food and beverages product, and cosmetic & personal care product are major driving factors which leads the market growth over forecast period. Rising the concern about improved product shelf life, health awareness and demand for diet food by the consumer in North America region will accelerate the market growth over forecast period.
In Europe, growing demand for packaged food product, healthy food owing to health awareness also high disposal income to spending on premium products which helps to growth of the market in projected period.
In Latina America and Middle East and Africa, growing population, high demand for cosmetics and personal care products, and significantly growing food and beverage industry with high demand by consumers and investment by the players will propel the growth in the encapsulated flavor and fragrance market during forecast period.
Players Covered in Encapsulated Flavors and Fragrances market are :
- Cargill Incorporated
- Kerry Group PLC.
- Tate and Lyle PLC.
- International Flavors and Fragrance Ltd.
- DSM
- Ingredion Incorporated
- Lycored
- Balchem Inc.
- TasteTech
- DuPont
- ABCO Laboratories Inc.
- Clextral
- Sphera Encapsulation
- Symrise
- Sensient Technologies Corporation
- Institutes of Food Technologists
- Vitasquare
- AVEKA Inc.
- BASF SE.
- Firmenich S.A.
Key Industry Developments:
- In March 2021, Ingredion Incorporated announced the partnerships with Amyris Inc., a leading synthetic biotechnology company to production of market sugar reduction and fermentation-based food ingredients.
- In May 2022, Firmenich, the world's largest privately-owned fragrance and taste company, announced it had signed a strategic partnership with ScentRealm, a leading digital scent technology pioneer based in Hangzhou, China. This collaboration brought together the expertise of a fragrance house and a sensory experience explorer, marking the first partnership of its kind in China. The alliance enabled Firmenich to enhance the fragrance and aroma experience for its customers and consumers through jointly developed digital devices.
Global Encapsulated Flavors and Fragrance Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 7.8 billion. |
Forecast Period 2024-32 CAGR: |
5.9% |
Market Size in 2032: |
USD 13.07 billion. |
Segments Covered: |
By Product Type |
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By Encapsulated Form |
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By Technology |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Product Type
3.2 By Encapsulated Form
3.3 By Technology
3.4 By Application
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Encapsulated Flavors and Fragrance Market by Product Type
5.1 Encapsulated Flavors and Fragrance Market Overview Snapshot and Growth Engine
5.2 Encapsulated Flavors and Fragrance Market Overview
5.3 Flavor Blends
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Flavor Blends: Grographic Segmentation
5.4 Fragrance Blends
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Fragrance Blends: Grographic Segmentation
5.5 Essential Oils & Natural Extracts
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2017-2032F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Essential Oils & Natural Extracts: Grographic Segmentation
5.6 Aroma Chemicals
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size (2017-2032F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Aroma Chemicals: Grographic Segmentation
5.7 Others
5.7.1 Introduction and Market Overview
5.7.2 Historic and Forecasted Market Size (2017-2032F)
5.7.3 Key Market Trends, Growth Factors and Opportunities
5.7.4 Others: Grographic Segmentation
Chapter 6: Encapsulated Flavors and Fragrance Market by Encapsulated Form
6.1 Encapsulated Flavors and Fragrance Market Overview Snapshot and Growth Engine
6.2 Encapsulated Flavors and Fragrance Market Overview
6.3 Powder
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Powder: Grographic Segmentation
6.4 Paste
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Paste: Grographic Segmentation
6.5 Granules
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size (2017-2032F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Granules: Grographic Segmentation
Chapter 7: Encapsulated Flavors and Fragrance Market by Technology
7.1 Encapsulated Flavors and Fragrance Market Overview Snapshot and Growth Engine
7.2 Encapsulated Flavors and Fragrance Market Overview
7.3 Physical Process
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size (2017-2032F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Physical Process: Grographic Segmentation
7.4 Physicochemical Process
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size (2017-2032F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Physicochemical Process: Grographic Segmentation
7.5 Chemical Process
7.5.1 Introduction and Market Overview
7.5.2 Historic and Forecasted Market Size (2017-2032F)
7.5.3 Key Market Trends, Growth Factors and Opportunities
7.5.4 Chemical Process: Grographic Segmentation
7.6 Extrusion
7.6.1 Introduction and Market Overview
7.6.2 Historic and Forecasted Market Size (2017-2032F)
7.6.3 Key Market Trends, Growth Factors and Opportunities
7.6.4 Extrusion: Grographic Segmentation
7.7 Fluid Bed
7.7.1 Introduction and Market Overview
7.7.2 Historic and Forecasted Market Size (2017-2032F)
7.7.3 Key Market Trends, Growth Factors and Opportunities
7.7.4 Fluid Bed: Grographic Segmentation
7.8 Others
7.8.1 Introduction and Market Overview
7.8.2 Historic and Forecasted Market Size (2017-2032F)
7.8.3 Key Market Trends, Growth Factors and Opportunities
7.8.4 Others: Grographic Segmentation
Chapter 8: Encapsulated Flavors and Fragrance Market by Application
8.1 Encapsulated Flavors and Fragrance Market Overview Snapshot and Growth Engine
8.2 Encapsulated Flavors and Fragrance Market Overview
8.3 Food & Beverages
8.3.1 Introduction and Market Overview
8.3.2 Historic and Forecasted Market Size (2017-2032F)
8.3.3 Key Market Trends, Growth Factors and Opportunities
8.3.4 Food & Beverages: Grographic Segmentation
8.4 Consumer Goods
8.4.1 Introduction and Market Overview
8.4.2 Historic and Forecasted Market Size (2017-2032F)
8.4.3 Key Market Trends, Growth Factors and Opportunities
8.4.4 Consumer Goods: Grographic Segmentation
Chapter 9: Company Profiles and Competitive Analysis
9.1 Competitive Landscape
9.1.1 Competitive Positioning
9.1.2 Encapsulated Flavors and Fragrance Sales and Market Share By Players
9.1.3 Industry BCG Matrix
9.1.4 Ansoff Matrix
9.1.5 Encapsulated Flavors and Fragrance Industry Concentration Ratio (CR5 and HHI)
9.1.6 Top 5 Encapsulated Flavors and Fragrance Players Market Share
9.1.7 Mergers and Acquisitions
9.1.8 Business Strategies By Top Players
9.2 CARGILL INCORPORATED
9.2.1 Company Overview
9.2.2 Key Executives
9.2.3 Company Snapshot
9.2.4 Operating Business Segments
9.2.5 Product Portfolio
9.2.6 Business Performance
9.2.7 Key Strategic Moves and Recent Developments
9.2.8 SWOT Analysis
9.3 KERRY GROUP PLC.
9.4 TATE AND LYLE PLC.
9.5 INTERNATIONAL FLAVORS AND FRAGRANCE LTD.
9.6 DSM
9.7 INGREDION INCORPORATED
9.8 LYCORED
9.9 BALCHEM INC.
9.10 TASTETECH
9.11 DUPONT
9.12 ABCO LABORATORIES INC.
9.13 CLEXTRAL
9.14 SPHERA ENCAPSULATION
9.15 SYMRISE
9.16 SENSIENT TECHNOLOGIES CORPORATION
9.17 INSTITUTES OF FOOD TECHNOLOGISTS
9.18 VITASQUARE
9.19 AVEKA INC.
9.20 BASF SE.
9.21 FIRMENICH S.A.
9.22 OTHER MAJOR PLAYERS
Chapter 10: Global Encapsulated Flavors and Fragrance Market Analysis, Insights and Forecast, 2017-2032
10.1 Market Overview
10.2 Historic and Forecasted Market Size By Product Type
10.2.1 Flavor Blends
10.2.2 Fragrance Blends
10.2.3 Essential Oils & Natural Extracts
10.2.4 Aroma Chemicals
10.2.5 Others
10.3 Historic and Forecasted Market Size By Encapsulated Form
10.3.1 Powder
10.3.2 Paste
10.3.3 Granules
10.4 Historic and Forecasted Market Size By Technology
10.4.1 Physical Process
10.4.2 Physicochemical Process
10.4.3 Chemical Process
10.4.4 Extrusion
10.4.5 Fluid Bed
10.4.6 Others
10.5 Historic and Forecasted Market Size By Application
10.5.1 Food & Beverages
10.5.2 Consumer Goods
Chapter 11: North America Encapsulated Flavors and Fragrance Market Analysis, Insights and Forecast, 2017-2032
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Product Type
11.4.1 Flavor Blends
11.4.2 Fragrance Blends
11.4.3 Essential Oils & Natural Extracts
11.4.4 Aroma Chemicals
11.4.5 Others
11.5 Historic and Forecasted Market Size By Encapsulated Form
11.5.1 Powder
11.5.2 Paste
11.5.3 Granules
11.6 Historic and Forecasted Market Size By Technology
11.6.1 Physical Process
11.6.2 Physicochemical Process
11.6.3 Chemical Process
11.6.4 Extrusion
11.6.5 Fluid Bed
11.6.6 Others
11.7 Historic and Forecasted Market Size By Application
11.7.1 Food & Beverages
11.7.2 Consumer Goods
11.8 Historic and Forecast Market Size by Country
11.8.1 U.S.
11.8.2 Canada
11.8.3 Mexico
Chapter 12: Europe Encapsulated Flavors and Fragrance Market Analysis, Insights and Forecast, 2017-2032
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Product Type
12.4.1 Flavor Blends
12.4.2 Fragrance Blends
12.4.3 Essential Oils & Natural Extracts
12.4.4 Aroma Chemicals
12.4.5 Others
12.5 Historic and Forecasted Market Size By Encapsulated Form
12.5.1 Powder
12.5.2 Paste
12.5.3 Granules
12.6 Historic and Forecasted Market Size By Technology
12.6.1 Physical Process
12.6.2 Physicochemical Process
12.6.3 Chemical Process
12.6.4 Extrusion
12.6.5 Fluid Bed
12.6.6 Others
12.7 Historic and Forecasted Market Size By Application
12.7.1 Food & Beverages
12.7.2 Consumer Goods
12.8 Historic and Forecast Market Size by Country
12.8.1 Germany
12.8.2 U.K.
12.8.3 France
12.8.4 Italy
12.8.5 Russia
12.8.6 Spain
12.8.7 Rest of Europe
Chapter 13: Asia-Pacific Encapsulated Flavors and Fragrance Market Analysis, Insights and Forecast, 2017-2032
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Product Type
13.4.1 Flavor Blends
13.4.2 Fragrance Blends
13.4.3 Essential Oils & Natural Extracts
13.4.4 Aroma Chemicals
13.4.5 Others
13.5 Historic and Forecasted Market Size By Encapsulated Form
13.5.1 Powder
13.5.2 Paste
13.5.3 Granules
13.6 Historic and Forecasted Market Size By Technology
13.6.1 Physical Process
13.6.2 Physicochemical Process
13.6.3 Chemical Process
13.6.4 Extrusion
13.6.5 Fluid Bed
13.6.6 Others
13.7 Historic and Forecasted Market Size By Application
13.7.1 Food & Beverages
13.7.2 Consumer Goods
13.8 Historic and Forecast Market Size by Country
13.8.1 China
13.8.2 India
13.8.3 Japan
13.8.4 Singapore
13.8.5 Australia
13.8.6 New Zealand
13.8.7 Rest of APAC
Chapter 14: Middle East & Africa Encapsulated Flavors and Fragrance Market Analysis, Insights and Forecast, 2017-2032
14.1 Key Market Trends, Growth Factors and Opportunities
14.2 Impact of Covid-19
14.3 Key Players
14.4 Key Market Trends, Growth Factors and Opportunities
14.4 Historic and Forecasted Market Size By Product Type
14.4.1 Flavor Blends
14.4.2 Fragrance Blends
14.4.3 Essential Oils & Natural Extracts
14.4.4 Aroma Chemicals
14.4.5 Others
14.5 Historic and Forecasted Market Size By Encapsulated Form
14.5.1 Powder
14.5.2 Paste
14.5.3 Granules
14.6 Historic and Forecasted Market Size By Technology
14.6.1 Physical Process
14.6.2 Physicochemical Process
14.6.3 Chemical Process
14.6.4 Extrusion
14.6.5 Fluid Bed
14.6.6 Others
14.7 Historic and Forecasted Market Size By Application
14.7.1 Food & Beverages
14.7.2 Consumer Goods
14.8 Historic and Forecast Market Size by Country
14.8.1 Turkey
14.8.2 Saudi Arabia
14.8.3 Iran
14.8.4 UAE
14.8.5 Africa
14.8.6 Rest of MEA
Chapter 15: South America Encapsulated Flavors and Fragrance Market Analysis, Insights and Forecast, 2017-2032
15.1 Key Market Trends, Growth Factors and Opportunities
15.2 Impact of Covid-19
15.3 Key Players
15.4 Key Market Trends, Growth Factors and Opportunities
15.4 Historic and Forecasted Market Size By Product Type
15.4.1 Flavor Blends
15.4.2 Fragrance Blends
15.4.3 Essential Oils & Natural Extracts
15.4.4 Aroma Chemicals
15.4.5 Others
15.5 Historic and Forecasted Market Size By Encapsulated Form
15.5.1 Powder
15.5.2 Paste
15.5.3 Granules
15.6 Historic and Forecasted Market Size By Technology
15.6.1 Physical Process
15.6.2 Physicochemical Process
15.6.3 Chemical Process
15.6.4 Extrusion
15.6.5 Fluid Bed
15.6.6 Others
15.7 Historic and Forecasted Market Size By Application
15.7.1 Food & Beverages
15.7.2 Consumer Goods
15.8 Historic and Forecast Market Size by Country
15.8.1 Brazil
15.8.2 Argentina
15.8.3 Rest of SA
Chapter 16 Investment Analysis
Chapter 17 Analyst Viewpoint and Conclusion
Global Encapsulated Flavors and Fragrance Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 7.8 billion. |
Forecast Period 2024-32 CAGR: |
5.9% |
Market Size in 2032: |
USD 13.07 billion. |
Segments Covered: |
By Product Type |
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By Encapsulated Form |
|
||
By Technology |
|
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By Application |
|
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By Region |
|
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Key Market Drivers: |
|
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Key Market Restraints: |
|
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Key Opportunities: |
|
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Companies Covered in the report: |
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Frequently Asked Questions :
The forecast period in the Encapsulated Flavors And Fragrance Market research report is 2024-2032.
Cargill Incorporated, Kerry Group PLC., Tate and Lyle PLC., International Flavors and Fragrance Ltd., DSM, Ingredion Incorporated, Lycored, Balchem Inc., TasteTech, DuPont, ABCO Laboratories Inc., Clextral, Sphera Encapsulation, Symrise, Sensient Technologies Corporation, Institutes of Food Technologists, Vitasquare, AVEKA Inc., BASF SE., Firmenich S.A. and other major players.
Encapsulation refers to the protection of flavoring agents or fragrance molecules by a specific envelope. Encapsulation helps to minimize the degradation or loss of flavor and fragrance during the various process and storage of the particular products.
The Global Encapsulated Flavors and Fragrance Market size is expected to grow from USD 7.8 billion in 2023 to USD 13.07 billion by 2032, at a CAGR of 5.9% during the forecast period (2024-2032).