Encapsulated Flavors and Fragrances Market Outlook 2021 Pricing Strategy, Industry Latest News, Top Company Analysis, Research Report Analysis and Share by Forecast 2031

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 The encapsulated flavors and fragrances market study by Future Market Insights (FMI) offers insights into factors enabling growth across key segments including type and technology. It underscores product launches as key strategy adopted by market players as they aim for expanding their footprint globally

The encapsulated flavors and fragrances market value will total US$ 6.3 Bn in 2021, as per the latest study by Future Market Insights (FMI). Exhibiting a CAGR of 5.9% between 2021 and 2031, the market is expected to reach US$ 11.2 Bn by the end of 2031.

Consumer preference towards original flavors and natural ingredients has encouraged used of encapsulated flavors and fragrances in the food and pharmaceutical sectors. Considering this, market will gain momentum in response to the rising demand for convenient foods and beverages with a cleaner list of ingredients.

Among various processes, the mechanical production technology is widely adopted by leading manufacturers. As per FMI, it is estimated to account for 78.3% of overall share in the market based on technology in 2021.

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In the coming years, the market will witness increasing investments in research and development activities as companies seek to introduce more varieties of natural flavors. This trend can be attributable to the increasing demand for encapsulated flavors across pharmaceutical industry.

Focus on offering natural flavors in syrups, ORS, and other medicinal products will push sales in the pharmaceutical sector. FMI also projects spraying drying to remain the technology of choice for encapsulation of flavors and fragrances in the industry.

Some of the leading market players are therefore focusing on diversifying their portfolio to accommodate specific requires of industries. For instance, Insta Food offers a wide range of microencapsulated flavors particularly for pharmaceutical applications. The range of flavors offered by the company includes cola, fruit flavors, vanilla, and chocolate among others.

Regionally, North America will remain a highly lucrative market. Demand outlook for the U.S. market remains positive, driven by consumer inclination for multi-ingredient and flavor products. As per FMI, the U.S. will account for over 88.2% of the North America market in 2031.

encapsulated flavors and fragrances market price benchmark by key regions and product type, 2021

“Leading players operating in the market are focusing on expanding their portfolio. The market is therefore registering a slew of product launches made using flavor encapsulation technology. This in turn continue offering lucrative opportunities for growth of the market in the near future,” said a Future Market Analyst.

Key Takeaways from Encapsulated Flavors and Fragrances Market Survey

The U.S. is expected to emerge as a lucrative market, accounting for over 88.2% of share in the North America encapsulated flavor and fragrances market through 2031.
Germany is leading the market for encapsulated flavors and fragrances in Europe and is estimated to reach US$ 473.9 Mn in 2021.
Backed by high technological advancements, Japan is estimated to account for over 27.5% of the East Asia market by the end of 2031.
Demand outlook for China market remains optimistic. China is expected to account for over 58.7% of the East Asia market in 2021.
India market is expected to grow at a steady pace, exhibiting a CAGR of 6.8% over the forecast period.

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