The global encapsulated flavours market is set to witness growth at a CAGR of 5.4% and is anticipated to reach a valuation of around US$ 5 Billion by 2032.
The food sector still faces numerous difficulties as a result of the subpar quality of these ingredients, despite the growing consumer demand for natural, healthful products. To avoid such problems, companies are concentrating on implementing a number of measures to maintain the original flavour of their products.
Consumers currently like to flavour a wide range of foods, such as ice cream, biscuits, and cookies, so it seems natural that the market for concentrated flavours would grow. Furthermore, increasing time constraints and health consciousness are probably going to fuel market expansion. These elements will raise consumer demand for easy-to-make meals.
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Furthermore, customers have begun to favor fizzy and flavored drinks, which is projected to result in an increase in revenue growth for various encapsulate flavors across geographies. Consumers have opted to swap to drinks with natural flavorings due to the recognized negative health impacts of artificial flavoring. As a result, health-conscious consumers are opting for plant-based beverages over other drinks. This is a crucial aspect that is expected to propel the industry forward.
Key Takeaways from Market Study
- The encapsulated flavours industry is segmented based on product type, wherein flavor blends is anticipated to account for a sizeable portion of the market share over the forecast period.
- The North American encapsulated flavours industry is expected to witness a lucrative growth rate of 5.9% during the forecast period.
- North America is inferred to account for a major chunk of the global encapsulated flavours consumption through 2032
- Encapsulated flavours application in bakery and confectionary is expected to hold a market share of over 25% in the forecast period
“Demand for different mixtures of flavors is expected to benefit the growth of the encapsulated flavors market,” says a Future Market Insights analyst.
Competitive Landscape
The global encapsulated flavor market is primarily characterized by the presence of a large number of local and multinational companies operating in the global market, with multinationals accounting for approximately 70% of the market share, allowing them to act as price regulators in the industry. Moreover, key market players are investing heavily in R&D to develop innovative goods and are expanding their efforts to develop high-quality, cost-effective products that can be used in a variety of applications:
- Frutarom Switzerland Ltd, for example, employs cutting-edge technology such as Durarome, which protects flavors from oxidation while still preserving their freshness
- PLT Health Solutions, Inc. introduced a broad-spectrum anti-microbial activity, a new flavor encapsulating technology that helps extend shelf life and enhance flavor in a variety of food and beverage items
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Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global encapsulated flavours industry, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
Encapsulated Flavours Market by Category
By Product Type, Encapsulated Flavours Market is Segmented as:
- Flavor Blends
- Essential Oils
- Natural Extracts
- Other Product Types
By Encapsulation Process, Encapsulated Flavours Market is Segmented as:
- Spray Drying
- Spray Congealing/Chilling
- Fluid Bed Coating
- Glass Encapsulation
- Other Processes
By Flavor Type, Encapsulated Flavours Market is Segmented as:
- Fruit Flavors
- Nut Flavors
- Chocolate Flavor
- Spice Flavors
- Vanilla Flavor
- Citric Flavor
- Berry Flavor
- Other Flavors
By Applications, Encapsulated Flavours Market is Segmented as:
- Bakery and Confectionary
- Cereal and Oatmeal
- Snack Food
- Frozen Food
- Dairy Products
- Beverages and Instant Drinks
- Pharmaceutical and Personal Care
- Other Applications
By Region, Encapsulated Flavours Market is Segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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The report covers an exhaustive analysis on:
- How big is the encapsulated flavours industry?
- What is the anticipated market value of the encapsulated flavours market by 2032 end?
- What is the encapsulated flavours market outlook?
- Which region is expected to drive the demand for encapsulated flavours industry?
- Who are the key players operating in the market?
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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