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Encapsulated Flavors and Fragrances Market Application Outlook, Regional Landscape and Forecast Report by 2024

Author : Rahul Sankrityayan | Published Date : 2019-10-07 

Global Market Insights, Inc. has recently added a report on Encapsulated Flavors and Fragrances Market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of this industry. The report also highlights the major challenges and current growth strategies adopted by the prominent companies that are a part of the dynamic competitive spectrum of this business sphere.

With an overall business valuation of more than USD 6 billion in 2017, encapsulated flavors and fragrances market has been drawing a great deal of attention from investors lately. In fact, the entire encapsulation trend has become a major focus and has come into the limelight in most of the industries including chemicals, food & nutrition, pharmaceutical, and textile. Given the benefits such as reduction in quantities of raw materials, improved shelf-life, and enhanced flavor and taste, encapsulation has pretty soon become a mainstream technology.

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Besides thriving on the cusp of a widespread application spectrum, global encapsulated flavors and fragrances market has also evolved on the backdrop of intense competitive landscape. The robust demand for functional food products across myriad geographies have prompted industry players to expand their reach by adopting some tried-and tested growth strategies such as product innovation, M&As, R&D, new technology launches, and strategic collaborations.

Global Encapsulated Flavors and Fragrances Market, By Product

  • Flavor blends
  • Fragrance blends
  • Essential oils & natural extracts
  • Aroma chemicals

In a bid to expand its presence across the Latin America encapsulated flavors and fragrances market, the Swiss behemoth, Firmenich has recently inaugurated a manufacturing plant in Sao Paulo, Brazil, for developing encapsulated flavors. This move, reportedly is expected to increase the speed-to-market parameter of Firmenich’s core encapsulated flavor technologies. The significant investment also depicts the strategic importance of Brazil, a critical market for Firmenich and its product portfolio.

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Further elaborating on the geographical landscape of encapsulated flavors and fragrances industry, it would be prudent to state that North America has emerged as a lucrative growth ground for potential investors. Accounting for more than 30% of the overall industry share in 2017, the regional encapsulated flavors and fragrances market is expected to witness robust demand through rising consumer health & diet related concerns, attempts to improve product shelf life, and demand for dietary medical supplements. Growing investments in the U.S. market to cater to the increasing demand for encapsulated flavors and fragrances is further anticipated to propel the regional remunerative portfolio.

One of the prominent instances validating the potential investment trend in Asia Pacific encapsulated flavors and fragrances industry is of a flavors firm Silesia that has announced to open a new plant in Singapore. A burgeoning food industry in the Southeast Asia, excellent growth opportunities, and the need to better cater to robust customer demands have impelled industry players to expand their footprint with new encapsulated flavors, facilities, and innovative technologies in the region.

Physical process accounts for over 86% share in encapsulated flavors and fragrance market with advantages including high productivity and better size control and coating thickness. Flavor blends dominates product segment with application in food & beverage industry. Essential oils & natural extracts will witness robust growth with utilization in laundry, home and personal care products.

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Asia Pacific leads encapsulated flavors and fragrance market owing to rising demand for food packaging, health-conscious & functional food customers and requirement for higher shell life. Rise in disposable income in conjunction with young generations attracting towards packaged food will fuel industry growth. North America led by the U.S. holds significant share with increased technological innovation and changing customer preferences.

Major players in encapsulated flavors and fragrance market include Aveka Group, National Enzyme Company, Balchem Corporation, Sensient Technologies, Surfachem, Symrise, Lycored, Firmenich, Ingredion Incorporated, Kerry Group, Royal DSM, Friesland Campina Kievit and Cargill. Companies are expanding their product portfolio to enhance their market share.

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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