/PRNewswire/ The "Microencapsulation Market by Coating Material (Polysaccharides, Proteins), Technology [Physico-Mechanical (Spray Drying, Coextrusion);.
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The global flavors and fragrances market reached a value of US$ 31.7 Billion in 2020. Looking forward, the global flavors and fragrances market to exhibit moderate growth during 2021-2026.
Flavors and fragrances are substances that are used to enhance the overall aesthetic value of a product by altering its smell and taste. Flavors are majorly used in the foods beverages dairy and confectionary industries, whereas, fragrances are used for providing fine smells in body care, home care and cosmetic products. Taste and smell are among the key determinants for the appeal of the product.
Fruit and Vegetable Ingredient Market Share, Size, Future Demand, Top Leading Player, Emerging Trends, Region By Forecast To 2027
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Fruits and vegetables ingredients are obtained from various fruits and vegetables to further used in different food and beverages application. Pieces, puree, concentrates, and others are the types of fruit and vegetable ingredients. These ingredients are widely used in dairy products, confectionery, bakery, and others. Also, puree and concentrates are used to make various fruit juices and other type of beverages. Fruit and vegetable ingredients offer good mouthfeel and taste along with some nutritional properties. Fruit and vegetable ingredients are the important part of food and beverages industry which offers better taste and healthy benefits which serves opportunity to key competitors. These ingredients have potential use in neutraceutical industry due to its health benefits properties.
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The attention on the overwhelming players
Cargill, Incorporated, AngelYeast Co., Ltd., Kerry Inc, SUBONEYO Chemicals Pharmaceuticals P Limited., Novozymes, Associated British Foods plc, DSM, Chr. Hansen Holding A/S, Biorigin, Synergy Flavors, LALLEMAND Inc., Oriental Yeast Co., Ltd., Leiber GmbH, LEVAPAN PANAMÁ, SA, Sensient Technologies Corporation, Pacific Fermentation Industries, Halcyon Proteins Pty. Ltd., Foodchem International, Lesaffre, ICC and ZeusIba among other domestic and global players.
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The global baking ingredients market is estimated to be USD 16.6 billion in 2021 and is projected to reach USD 22.3 billion by 2026, at a CAGR of 6.0% from 2021 to 2026.
Factors such as the rising demand for functional baked products, such as gluten-free, low-sugar, and low-fat baked foods in developed countries such as the US, Germany, the UK, and France, along with the rising disposable income and per capita expenditure on processed foods, such as baked and ready-to-eat foods in emerging economies, such as India, China, and Brazil have fueled market growth in the region. This has increased the presence of local bakeries, supermarket & hypermarket bakeries, in-store bakeries, franchise bakeries, and convenience stores in both developed and developing countries.