Encapsulated Flavors & Fragrances Market size to hit $12 Bn by 2032

Encapsulated Flavors & Fragrances Market size is predicted to reach USD 12 billion by 2032, according to a new research report by Global Market Insights Inc.
 

Rising sales of confectionery and bakery products are expected to have a positive influence on the market outlook. According to the National Confectioners Association (NCA) report, the total confectionery retail sales valued at USD 36.5 billion in 2021 and are projected to surpass over USD 44.5 billion by 2026. Moreover, the emergence of the COVID-19 pandemic also accelerated the interest in indoor recreational activities such as baking, fuelling the demand for bakery items and ingredients including flavorings. The surging consumption of bakery items will thus propel the market demand.
 

Burgeoning demand for encapsulated essential oils & natural extracts to drive industry trends

Encapsulated flavors & fragrances market valuation from essential oils & natural extracts is set to cross USD 2.4 billion by 2032. Encapsulated essential oils are particularly gaining momentum owing to their antiviral, anticarcinogenic, antibacterial, anti-inflammatory, antioxidant, and antimutagenic properties. The increasing consumption of processed and ultra-processed food products has led to a surge in the demand for fortified foods. The growing health awareness has amplified the focus on encapsulated vitamins and minerals. Additionally, the emergence of new health trends such as vegan diets, plant-based protein, and clean-label products is propelling the demand for organic and natural additives with a higher nutritional profile.
 

Increasing adoption of chemical & physiochemical encapsulation methods to influence industry outlook

Encapsulated flavors and fragrances market size from chemical & physiochemical processes is projected to expand at a 5.5% CAGR between 2023 and 2032. Chemical and physiochemical processes rely on different polymerization techniques to trap the desired flavor or fragrance. Coacervation is the most commonly used encapsulation process. Manufacturers are increasingly implementing coacervation as a method for microencapsulation as it offers a sustained release of bioactive compounds, high loading capacity, and optimum thermal stability. Moreover, the growing need for plant proteins is poised to fuel the production of encapsulated food products through chemical and physiochemical processes.
 

Rising preference for microencapsulated functional foods to counter obesity to foster industry development

In terms of revenue, the microencapsulation process segment is anticipated to exceed USD 4.9 billion by 2032. Microencapsulation has emerged as a promising tool for the delivery of bioactive compounds since they offer protection and improved bioavailability as well as stability of substances. They add flavor to fortified foods with high mineral and vitamin content. The rising prevalence of chronic illnesses, such as diabetes, and obesity is fuelling the demand for probiotics antioxidant-rich food, further driving the industry growth. According to the World Health Organization (WHO), more than 1 billion individuals worldwide are obese including 39 million children, 650 million adults, and 340 million adolescents.
 

Browse key industry insights spread across 300 pages with 389 market data tables and 41 figures & charts from the report, “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, Others], Chemical & Physicochemical Process), By Encapsulation process (Micro Encapsulation, Nano Encapsulation, Hybrid Technology, Macro Encapsulation), By End-use (Food & beverages [Beverages{Hot drinks, Powder soft drinks, Others}, Pressed tablet, Chewing gum, Bake mixes, Others], Toiletries & cleaners), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/encapsulated-flavors-and-fragrances-market
 

Higher application scope in toiletries and cleaners to drive the market demand

The encapsulated flavors & fragrances market size from toiletries and cleaners segment is slated to exhibit a 4.5% CAGR from 2023 to 2032. Encapsulated fragrances are gaining significant momentum in the production of cleaners and toiletries. Recent advancements in processing technologies have enabled the use of microencapsulated perfumes in softeners, detergents, and cleaners. Textile manufacturers are also increasingly using encapsulated fragrances for improving the finish and longevity of products. Furthermore, the surging demand for home care products driven by the COVID-19 pandemic will positively influence the adoption of encapsulated fragrances in laundry cleaners.
 

Growing deployment of advanced food technology to augment the market outlook in APAC

Asia Pacific encapsulated flavors & fragrances market size is poised to surpass USD 3.8 billion by 2032, as the region is expected to emerge as a hub for advanced food processing technologies due to the presence of large number of food and beverage manufacturers. APAC is home to countries such as India, and China that have a massive population, further representing a heavy demand for essential goods and commodities. Moreover, the hefty investments placed by food manufacturers into R&D activities and the growing adoption of several novel procedures for flavor extraction will augment the regional industry growth.
 

New expansion initiatives to boost the industry development

Some of the leading companies involved in the encapsulated flavors & fragrances market include Buchi Labortechnik AG, Aveka Inc, Cargill, Etosha Pan (India), Frieslandcampina Kievit Gmbh, Firmenich SA, Clextral, Flavarom International Limited, Fona International Inc, Glatt GmbH, Ingredion, Lycored, and Insta Foods. These companies are implementing strategic initiatives including investments and capacity expansions to achieve a competitive lead. For instance, in October 2022, Firmenich SA unveiled its new more than USD 218 million campus in Geneva for boosting innovation and expansion of its global footprint.