Encapsulated Flavors & Fragrances Market Size By Product (Flavor Blends, Fragrance Blends, Essential Oils & Natural Extracts, Aroma Chemicals), By Technology (Physical Process [Atomization {Spray Drying, Spray Chilling, Spray Disk}, Extrusion, Fluid Bed T

Encapsulated Flavors & Fragrances Market Size By Product (Flavor Blends, Fragrance Blends, Essential Oils & Natural Extracts, Aroma Chemicals), By Technology (Physical Process [Atomization {Spray Drying, Spray Chilling, Spray Disk}, Extrusion, Fluid Bed Technique], Chemical & Physicochemical Process), By Encapsulation Process (Micro Encapsulation, Nano Encapsulation, Hybrid Technology, Macro Encapsulation), By End-Use (Food & Beverages [Beverage Mixes {Hot Drinks, Powder Soft Drinks}, Pressed Tablets, Chewing Gum, Bake Mixes], Toiletries & Cleaners), Industry Analysis Report, Country Outlook Application Development, Price Trends, Covid-19 Impact Analysis, Competitive Market Share & Forecast, 2021 - 2027

The global encapsulated flavors & fragrances market is likely to expand considerably by 2027 due to soaring demand for encapsulated sweeteners in confectionery products.

Encapsulation is an efficient tool used to preserve various flavors and fragrances that are volatile owing to their poor chemical stability. Both flavors and fragrances are essential aspects that make food items and cosmetic products more appealing to consumers. As a result, both the cosmetics and food & beverages industries extensively use encapsulation to impart flavors and fragrances to their products. Additionally, the expanding online retail sector has bolstered market expansion in recent years.

The global encapsulated flavors & fragrances market has been segmented based on end-use, product, encapsulation process, technology, and region. In terms of product, the market has further been divided into aroma chemicals, flavor blends, essential oils & natural extracts, and fragrance blends. The aroma chemicals segment is projected to reach a valuation of around USD 1.45 billion by 2027 on account of escalating demand from the food processing and personal care industries.

From the technology point of view, the global encapsulated flavors & fragrances market has been segregated into chemical & physicochemical process and physical process. Under physical process, the market has further been classified into fluid bed technique, atomization, and extrusion.

The atomization segment is anticipated to progress at more than 5.0% CAGR through the analysis period. Under atomization, the market has been bifurcated into spray drying, spray disk, and spray chilling. The spray disk segment was valued at nearly USD 250.0 million in 2020 and is slated to witness robust growth over 2021-2027.

By encapsulation process, the market has been bifurcated into hybrid technology, nano encapsulation, micro encapsulation, and macro encapsulation. The macro encapsulation segment is anticipated to see robust growth to surpass a valuation of USD 715.0 million by 2027. Various benefits, such as odor masking, size variability, physical stability, production efficiency, water insolubility, and so forth, are likely to impel segmental revenue growth in the forthcoming years.

With respect to end-use, the global encapsulated flavors & fragrances market has been categorized into toiletries & cleaners, food & beverages, and others. Under food & beverages, the market has been divided into bake mixes, beverage mixes, chewing gum, and pressed tablets. The pressed tablets segment registered a valuation of about USD 410.0 million in 2020 and is speculated to develop at a CAGR of approximately 5.0% through the forecast period.

In 2020, the bake mixes segment was worth nearly USD 820.0 million and is foreseen to grow at a sturdy pace over the estimated timeline. Increasing consumption of convenience food items is likely to boost segmental expansion. The others segment, which includes cosmetic and personal care products, garnered over USD 1.65 million in revenue in 2020 and is estimated to develop at a CAGR of above 5.0% through the stipulated timeframe.

On the regional front, the MEA encapsulated flavors & fragrances market was valued at around USD 280.0 million in 2020 and is foreseen to exhibit steady progress over the projected period. Mounting sales of personal care and cosmetics products is set to propel market adoption.

The LATAM encapsulated flavors & fragrances market is speculated to reach a valuation of approximately USD 640.0 million by the end of 2027 due to the booming regional food & beverage industry. Moreover, prevalent adoption of dietary supplements among consumers to meet daily nutrient requirements is slated to foster regional market growth.