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 USD 5 Bn by 2032.
The desire toward natural, nutritious, and healthy products is growing, yet the food business faces significant hurdles due to the poor qualities of these ingredients. To avoid such problems, corporations are concentrating on capturing the original flavour of their products using various techniques. Consumers love adding flavours to many sorts of food products such as cookies, biscuits, and ice creams these days, which is expected to raise demand for encapsulated tastes. Furthermore, rising health awareness and time constraints, as well as the resulting desire for functional and convenience foods, are likely to drive market expansion.
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.
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Key Takeaways from Market Study
- The encapsulated flavours market 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 market 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.
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 market, 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
- East Asia
- South Asia
- Middle East and Africa
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The report covers exhaustive analysis on:
- How big is the encapsulated flavours market?
- 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 market?
- Who are the key players operating in the market?
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Explore FMI's related ongoing Coverage on Food and Beverage Domain
Encapsulated Flavors and Fragrances Market: Encapsulated flavors and fragrances market growing at a healthy CAGR of 5.9% for 2021-31, the market is expected to reach US$ 11.2 billion by 2031.
Natural Flavours Market: Natural Flavor market is valued at USD 4.3 Bn in 2022 and is projected to grow at a CAGR of 5.1% during the forecast period, to reach a value of USD 7.1 Bn by 2032.
Encapsulated Caffeine Market: Encapsulated Caffeine Market | Global Industry Report and Forecast Outlook 2019 to 2029.
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