Encapsulated Flavours Market Witness a Spike in Growth Pace Recent Improvements in Pricing Models: FMI
Future Market Insights (FMI), in its recent report, estimates the global encapsulated flavours market to register 1.7% CAGR, in terms of volume, during the forecast period 2017 to 2027. Global sales of encapsulated flavours is expected to reach 125,423.4 MT in 2017; and are further estimated to surpass 200,000 MT by 2027-end. Demand for encapsulated flavours in convenience food has grown rapidly and continues to increase at a significant rate. In developed markets, preference for readymade meals, savoury soups and snacks is increasing, leading to higher demand for spicy, ethnic and exotic flavours. The addition of spicy and exotic flavours to existing product lines continues to be one of the key strategies adopted by global manufacturers to attract consumers’ attention in more mature markets of the U.S. and Canada. The chocolate flavours segment is expected to increase at a CAGR of 5.3% over the forecast period. The segment is expected to be valued at more than US$ 1,300 Mn by the