NEWARK, Del, May 04, 2022 (GLOBE NEWSWIRE) -- 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.
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.
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Competitive Landscape
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
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
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
4. Global Encapsulated Flavours Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) & Volume (MT) Analysis, 2017-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume (MT) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
TOC Continue…
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[Future Market Insights Webcast] Opportunities in Vegan and Plant based: 5th May 9-10 AM Pacific Time.
This is a market waiting to see explosive growth in coming years! Join us as we are in conversation with industry leaders about growth opportunities and what it takes to achieve economies of scale.
Guest Speakers:
- Alison Rabschunk - Business Development Director for Plant Protein, Kerry
- Anna Turvoll - Head of investor Relations, v2food
- Danny O'Malley - President and Founder, Before the Butcher
About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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