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Global Encapsulated Flavors and Fragrances Market Key Players are BÜCHI Labortechnik AG, AVEKA, Cargill, Clextral, Firmenich, FONA International, FrieslandCampina Kievit, Glatt Group, Ingredion Incorporated, Lycored, MANE, Nexira, Sensient Technologies C

08-13-2018 12:11 PM CET | Business, Economy, Finances, Banking & Insurance

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Encapsulated Flavors and Fragrances Market

Encapsulated Flavors and Fragrances Market

With an overall business valuation of more than USD 6 billion in 2017, encapsulated flavors and fragrances market has been drawing a great deal of attention from investors lately. In fact, the entire encapsulation trend has become a major focus and has come into the limelight in most of the industries including chemicals, food & nutrition, pharmaceutical, and textile. Given the benefits such as reduction in quantities of raw materials, improved shelf-life, and enhanced flavor and taste, encapsulation has pretty soon become a mainstream technology.

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Growth Drivers:

1. Proliferating food & beverage industry
2. Expanding retail sector along with technological advancements
3. Rising demand for encapsulated sweeteners in confectionery products

Speaking of the commercialization potential of encapsulated flavors and fragrances market, the increased demand for these products through industries such as F&B, home & personal care, and medicine are expected to open significant growth & investment opportunities for shareholders in the ensuing years.

Besides thriving on the cusp of a widespread application spectrum, global encapsulated flavors and fragrances market has also evolved on the backdrop of intense competitive landscape. The robust demand for functional food products across myriad geographies have prompted industry players to expand their reach by adopting some tried-and tested growth strategies such as product innovation, M&As, R&D, new technology launches, and strategic collaborations.

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In a bid to expand its presence across the Latin America encapsulated flavors and fragrances market, the Swiss behemoth, Firmenich has recently inaugurated a manufacturing plant in Sao Paulo, Brazil, for developing encapsulated flavors. This move, reportedly is expected to increase the speed-to-market parameter of Firmenich’s core encapsulated flavor technologies. The significant investment also depicts the strategic importance of Brazil, a critical market for Firmenich and its product portfolio.

Another vital instance is that of Archer Daniels Midland Company that acquired the full ownership of Amazon Flavors in 2016, a renowned Brazilian manufacturer of emulsions, natural extracts, and compounds. These instances stand as a significant testimony to the fact that Brazil is a key market for the companies trying to reinforce their stance in the Latin America encapsulated flavors and fragrances market through facility expansions and acquisitions that have been identified as effective moves.

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