Sellbyville, Delaware, July 04, 2018 (GLOBE NEWSWIRE) --
World Encapsulated Flavors and Fragrances Market is projected to surpass USD 8 billion by 2024; according to a new research report by Global Market Insights, Inc. 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.
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.
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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.
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.
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” 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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Browse Related Reports:
- Food Encapsulation Market Size 2017 – 2024
Global Food Encapsulation Market share was worth over USD 27 Billion in 2016 and will witness CAGR over 6% up to 2024. Hectic and busy work schedules coupled with need to maintain healthy lifestyle have enhanced preference for packaged and functional dietary products, thus stimulating food encapsulation demand.
https://www.gminsights.com/industry-analysis/food-encapsulation-market
- Flavors and Fragrances Market Size 2017 – 2024
Flavors and Fragrances Market share is expected to acknowledge a remarkable growth over the forecast period owing to increasing demand in various industries such as food & beverages, natural cosmetic products comprising of essential oil and aroma and toiletries.
https://www.gminsights.com/industry-analysis/flavors-and-fragrances-market
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.