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