Global Encapsulated Flavors and Fragrances Market is set to hit $8000 million by 2024
Europe Encapsulated Flavors and Fragrances Market is anticipated to witness revenue share of over 26% by 2024 favoring from changing lifestyle of the people coupled with increasing inclination towards fast food.
Selbyville, United States – May 28, 2019 /MarketersMedia/ —
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.
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.
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Food & beverages dominate the encapsulated flavors and fragrance market and will witness over 56% CAGR owing to utilization for biscuits, cookies, beverages, cereals, oatmeal, ice-cream and powdered drink mix. Toiletries and cleaners with foresee significant growth to induce fresh smell in fabrics and fabric softening.
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.
Microencapsulation leads the encapsulated flavors and fragrance market and accounts for over 42% share owing to benefits of producing small sized essence materials. Controlled liberation of perfume, and manipulation of product at desired time and space advocated its application. Further, minimized leaching of tablets will enhance its consumption. Nanoencapsulation has substantial share with application in cosmetics and pharmaceutical industry.
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Encapsulation technique involves coating of a material with another material to maintain and integrity of core materials. Outer surface is known as shell while coated material is referred to as core or material. This technique is applied to various substances such as active polymers, compounds, heat sensitive and oxidation sensitive molecules. The outer shell gets dissolved under certain conditions and release flavor in desired medium. The shell is designed as per the required temperature or solvent.
Continuously evolving food industry to meet changing consumer desire is subjected to enhance encapsulated flavors and fragrance market share. Expensive flavors used in food and food products are sensitive and encapsulated to provide uniform taste, coloring and higher shelf life. Rapid application of products for preparation of tea bags, instant drinks, desserts, cakes & biscuits and confectionary goods will further boost its consumption.
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Rising textile industry will drive encapsulated flavors and fragrance market during forecast period with its application in manufacturing perfumed suits. Perfume encapsulation enhances fabric texture and reduces washing damage by adhering to textile fibers. It leads to controlled release of perfume and provide long lasting fragrance benefit. Fragrance stabilization, increased shelf life and reduced loss of active ingredients will impart positive outlook to industry growth.
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.
Contact Info:
Name: Arun Hegde
Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/industry-analysis/encapsulated-flavors-and-fragrances-market
Source: MarketersMedia
Release ID: 517315
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