The Global Encapsulated Flavors Market is projected to grow at a CAGR of 5.68% over the forecast period of 2020-2024.
Major Competitors in the market contains Symrise AG, Nexira SAS, AVEKA Group, Archer Daniels Midland Company, Synthite Industries Ltd., International Flavors & Fragrances Inc., AVEKA, Inc., Symrise AG, Cargill Inc., Nexira, Carmi Flavor & Fragrance Co. Inc. Naturex S.A, and Ingredion Inc.
5 Nov 2020, employees at the Symrise corporate headquarters in Holzminden use approximately 500,000 plastic cups every year to evaluate the taste of flavoring ingredients. They use each cup only once. The total amount reaches 300,000 cups for the sensory quality control of flavors alone. They process approximately 450 samples per day and need four disposable cups per sample, bringing us to the enormous amount of 1,800 per day. This led the head of the Sensory department to consider how he and his team can minimize their plastic waste in line with the sustainability strategy of Symrise.
Oct 2020-In summer International Flavors & Fragrances Inc., ventured further into border-less creativity and innovation as the final presentations from the Royal College of art MA Fashion and the ISIPCA Master of Scent design and Creation students poured in for annually sponsored competition, “The Future of Fragrance”. Company initiated this partnership with the RCA 26 years ago with a dual goal: Encouraging young design talent to explore new approaches to the world of fragrance via the intersections of design, technology, commerce, imagination and innovation through various pathways including philosophy, intellect, market, material, image, language and science, the IFF and RCA partnership thrives under the helm of creative internal think tank, La Fabrica, designed to approach fragrance differently.
Oct 2020- Cocoa and chocolate products continue to be enjoyed by consumers around the world, with sustainability remaining top of mind when making their purchases. To connect consumers with the journey of the cocoa they are eating and drinking, Cargill has launched CocoaWise, a digital portal that provides a lens through which food and beverage manufacturers have increased knowledge and share ability into the origin of the products they source from Cargill’s direct supply chain.
Encapsulated flavors Market Segmented By Flavor Type (Fruit Flavors, Nut Flavors, Chocolate Flavor and Spice Flavors). By Application it has (Beverages & Foods, Pharmaceuticals, Personal Care and Others).By region it has segmented into North America, Europe, Asia-pacific and Middle East & Africa. Among all Asia Pacific encapsulated flavors market is the fastest growing region and will witness over 4.5% CAGR over the forecast period. This development can be attributed to the increasing population along with rising per capita income. Key factors including surging growth in the food & pharmaceutical industry and rising demands in the cosmetics products will fuel regional industry growth.