Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3.34 Billion | USD 5.40 Billion | 5.5% | 2023 |
Zion Market Research has published a report on the global Encapsulated Flavors Market, estimating its value at USD 3.34 Billion in 2023, with projections indicating that it will reach USD 5.40 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 5.5% over the forecast period 2024-2032.
The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Encapsulated Flavors industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
The method of encapsulation is used to entrap or coat material with another material. The coating materials are known as encapsulated or shells, wherein coated materials is known as core or active materials. Flavors are sensitive and costly products that are generally utilized as additives in food and food items. For maintaining these flavors’ stability and integrity for their long-term usage, these flavors are protected or encapsulated. The demand and popularity of the global encapsulated flavors market can be attributed to the various encapsulation benefits, such as protecting flavor particularly from oxidation, evaporation, moisture uptake etc.
The major growth driver in the global encapsulated flavors market is their prospective applications in various industries, such as food and beverages, textile, personal care, pharmaceuticals, etc. Characteristics like odour and flavor masking, controlled release features, and accuracy in producing nutrients are further fuelling the expansion of the market for encapsulated flavors market. Technological advancements and growing investments made in the research and development are also contributing to this market’s development on a global scale.
Several major key market players are expected to focus on new item launches as well as innovations to achieve market growth. Furthermore, growing health consciousness of consumers and rising consumption of functional foods is also driving the encapsulation flavors market globally.
The encapsulated flavors market is classified based on flavor type, encapsulation process, and application.
On the basis of flavor type, the encapsulated flavors market is fragmented into vanilla, chocolate, exotic fruit, general fruit (apple, mango, and banana), nut, spice, berry, and citric, among other flavors.
Based on encapsulation process, the market for encapsulated flavors is classified into spray congealing/chilling, sprays drying, glass encapsulation, and fluid bed coating, among others. The spray drying segment is the most popular in the market, due to its extensive use for creating a secondary shell around products.
By application, the encapsulated flavors market is fragmented into pharmaceutical and personal care, beverages and instant drinks, dairy products, frozen food, snacks, cereal and oatmeal, and bakery and confectionary, among others.
Report Attributes | Report Details |
---|---|
Report Name | Encapsulated Flavors Market |
Market Size in 2023 | USD 3.34 Billion |
Market Forecast in 2032 | USD 5.40 Billion |
Growth Rate | CAGR of 5.5% |
Number of Pages | 110 |
Key Companies Covered | Balchem Corporation, Archer Daniels Midland, Glatt GmbH, Etosha Pan (India) Pvt. Ltd., LycoRed Limited, Friesland Campina Kievit, Tate & Lyle PLC, Groupe Legris Industries, Ingredion Incorporated, BUCHI Labortechnik, Synthite Industries, Sensient Technologies Corporation, Fona International, Carmi Flavor & Fragrance, Cargill, AVEKA Group, Symrise AG, Naturex, Nexira, and International Flavours & Fragrances, among others |
Segments Covered | By Flavor Type, By Encapsulation Process, By Application And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Based on geography, the market for global encapsulated flavors can be classified into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. The Asia Pacific region is likely to show the fastest rate of growth in the global encapsulated flavors market in the upcoming years. This growth can be attributed to the growing population and increasing disposable income of people, especially in the emerging markets, such as India and China. The North American region is anticipated to hold a major share in the market for encapsulated flavors in the forecast timeframe. This is due to the growing concerns related to improving the shelf life of various products, growing health consciousness of consumers and rising consumption of functional foods.
Some key players of the global encapsulated flavors market include-
By Flavor Type
By Encapsulation Process
By Application
Encapsulated Flavors Market: Regional Segment Analysis
FrequentlyAsked Questions
Flavours classified as encapsulated are those which have been sealed inside a shell or protective layer to maintain their quality, improve their stability and control their release during processing or consumption. This method surrounds taste particles with a coating substance that shields them from environmental elements including heat, light, and moisture, therefore preventing their degradation over time.
Demand for encapsulated flavors is being driven by processed, ready-to-eat, and rapid food's increasing appeal. These goods call for flavors that will withstand long shelf life, intense heat, pressure, or processing conditions.
Zion Market Research has published a report on the global Encapsulated Flavors Market, estimating its value at USD 3.34 Billion in 2023, with projections indicating that it will reach USD 5.40 Billion by 2032.
The market is expected to expand at a compound annual growth rate (CAGR) of 5.5% over the forecast period 2024-2032.
Based on geography, the market for global encapsulated flavors can be classified into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Balchem Corporation, Archer Daniels Midland, Glatt GmbH, Etosha Pan (India) Pvt. Ltd., LycoRed Limited, Friesland Campina Kievit, Tate & Lyle PLC, Groupe Legris Industries, Ingredion Incorporated, BUCHI Labortechnik, Synthite Industries, Sensient Technologies Corporation, Fona International, Carmi Flavor & Fragrance, Cargill, AVEKA Group, Symrise AG, Naturex, Nexira, and International Flavours & Fragrances, among others
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