Report : North America Encapsulated Fragrances Market Forecast to 2028 - Regional Analysis By Product Type (Fragrance Blends, Aroma Chemicals, and Others), Application (Perfumes and Fragrances, Cleaning Products, Cosmetics, Personal Hygiene Products, Food and Beverages, and Others)
At 4.3% CAGR, the North America Encapsulated Fragrances Market is projected to be worth US$ 485.04 million by 2028, says Business Market Insights
According to Business Market Insights research, the North America encapsulated fragrances market was valued at US$ 377.08 million in 2022 and is expected to reach US$ 485.04 million by 2028, registering a CAGR of 4.3% from 2022 to 2028. Rising adoption of encapsulated fragrances from various applications and strategic initiatives by key market players are the critical factors attributed to the North America encapsulated fragrances market expansion.
Encapsulated fragrances help in minimizing degradation or loss of fragrances during the process of production and storage. Encapsulated fragrances enhance the functional properties of fragrances such as aromatic molecules in the environment. Fragrances are volatile compounds and have high evaporation tendency. Poor chemical stability leads to the loss of fragrances, which has surged the need for encapsulation in various application. Encapsulated fragrance offers various benefits including improved fragrance impression, controlled fragrances release, fragrance stability, and availability in different variants. Such benefits have surged the adoption of encapsulated fragrance in various applications. In presumes and fragrance application, the encapsulation offers better chemical stability to capture the fragrance and ensures controlled release of the fragrances. Encapsulated fragrances play a vital role in cosmetic applications. The technology helps to protect the active ingredients, masks unpleasant odors and enables controlled release making encapsulation necessary for formulation, storage and application of cosmetic products. Similarly, in personal care and cleaning products the use of encapsulated fragrance helps to avoid interaction between active and other formulation ingredients, and offers long-lasting impression of freshness. Thus, benefits offered by encapsulated fragrances has surged its adoption in various end-use industries, thereby bolstering the encapsulated fragrances market in coming years.
On the contrary, high costs associated with encapsulation technology hurdles the growth of North America encapsulated fragrances market.
Based on product type, the North America encapsulated fragrances market is segmented into fragrance blends, aroma chemicals, and others. The others segment held 47.5% share of North America encapsulated fragrances market in 2022, amassing US$ 179.27 million. It is projected to garner US$ 236.84 million by 2028 to expand at 4.8% CAGR during 2022–2028.
Based on application, the North America encapsulated fragrances market is segmented into perfumes and fragrances, cleaning products, cosmetics, personal hygiene products, food and beverages, and others. The cleaning products segment held 62.7% share of North America encapsulated fragrances market in 2022, amassing US$ 236.53 million. It is projected to garner US$ 309.57 million by 2028 to expand at 4.6% CAGR during 2022–2028.
Based on country, the North America encapsulated fragrances market is segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 65.5% share of North America encapsulated fragrances market in 2022. It was assessed at US$ 247.08 million in 2022 and is likely to hit US$ 313.74 million by 2028, exhibiting a CAGR of 4.1% during 2022-2028.
Key players profiled in the North America encapsulated fragrances market Ashland Inc; Firmenich SA; Follmann GmbH & Co KG; Givaudan SA; Glatt GmbH; Ingredion Inc; International Flavors & Fragrances Inc; and Symrise AG, among others.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@businessmarketinsights.com