The Encapsulated Flavors And Fragrances Global Market Report 2023, provides comprehensive information on the encapsulated flavors and fragrances market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Encapsulated Flavors And Fragrances Market’s Growth:
As per The Business Research Company’s Encapsulated Flavors And Fragrances Global Market Report 2023, the market is expected to grow from $4.01 billion in 2022 to $4.36 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The encapsulated flavors and fragrances market is expected to reach $5.05 billion in 2027 at a CAGR of 6%.
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Technological advancements are a key trend gaining popularity in the encapsulated flavors and fragrances market. Major companies operating in the encapsulated flavors and fragrances market are developing innovative technologies to sustain their position in the market. For instance, in December 2021, Givaudan, a Switzerland-based chemicals company, launched PlanetCaps, an innovative fragrance encapsulation technology that uses a renewable carbon source material to create biodegradable fragrance capsules. These capsules are designed to release their fragrance slowly over time, providing a long-lasting and sustainable scent experience. PlanetCaps has several advantages over traditional fragrance capsules. They are made from renewable carbon sources and are more environmentally friendly. Overall, PlanetCaps is a promising new technology that has the potential to make fragrance capsules more sustainable. Additionally, it includes benefits such as being biodegradable, long-lasting, safe, and versatile.
The encapsulated flavors and fragrances market is segmented:
1) By Product Type: Flavor Blends, Fragrance Blends, Essential Oils And Natural Extracts, Aroma Chemicals
2) By Encapsulated Form: Powder, Paste, Granules
3) By Process: Micro-Encapsulation, Nano-Encapsulation, Hybrid-Encapsulation, Macro-Encapsulation
4) By Technology: Physical Process, Physicochemical Process, Chemical Process, Extrusion, Fluid Bed, Other Technologies
5) By End-User: Food And Beverages, Cleaners, Toiletries, Personal Care And Cosmetics, Other End Users
Asia-Pacific was the largest region in the encapsulated flavors and fragrances market in 2022.
The table of contents in TBRC’s encapsulated flavors and fragrances market report includes:
- Executive Summary
- Encapsulated Flavors And Fragrances Market Characteristics
- Encapsulated Flavors And Fragrances Market Trends And Strategies
- Encapsulated Flavors And Fragrances Market – Macro Economic Scenario
- Global Encapsulated Flavors And Fragrances Market Size and Growth
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- Global Encapsulated Flavors And Fragrances Market Competitive Benchmarking
- Global Encapsulated Flavors And Fragrances Market Competitive Dashboard
- Key Mergers And Acquisitions In The Encapsulated Flavors And Fragrances Market
- Encapsulated Flavors And Fragrances Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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