Product ID: SQMIG15E2186
Report ID: SQMIG15E2186 | Region: Global | Published Date: July, 2023 | Pages: 157 | Tables: 68 | Figures: 70
European Fragrances Encapsulation Market was valued at USD 68.79 million in 2021 is expected to rise from USD 72.57 million in 2022 to reach a value of USD 111.37 million by the end of 2030, by rising at a CAGR of 5.50% during the forecast period of 2023-2030.
The growth of the European fragrance’s Encapsulation Market is attributed to the increasing demand for home care products. The increasing demand for microencapsulated fragrances due to their wild applications across the home care and personal care industries is also driving this regional market. Besides this, the rapid growth in the cosmetic industry, and rising investment in R&D for improving process efficiency is also projected to augment growth. Adoption of advanced technologies and emerging plastic free encapsulation technology provide significant opportunities for manufacturers in the European fragrances Encapsulation market.
During the pandemic, people across the European countries become more conscious about home and personal care which leads to increasing demand for home care and laundry products. People change their way of washing clothes and use disinfectants for home cleaning. The increasing demand for home care products, increases the demand for fragrance Encapsulation in the manufacture of home products.
European Fragrances Encapsulation Market is poised to grow at a sustainable CAGR for the next forecast year.
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The European Fragrances Encapsulation Market is segmented based on method, application, and country. In terms of method, the market is segmented into physico-mechanical method (spray drying, fluidized bed spray coating, coextrusion, spray chilling and congealing, other physico-mechanical method); Physico-chemical method (coacervation or phase separation methods and other physico-chemical methods); chemical method (in-situ polymerization and interfacial polymerization) and other Encapsulation methods. With respect to classification by application, the market is categorized into personal care (skincare products, hair care products, deodorants and perfumes, other personal care products) and home care (house cleaning agents, laundry detergents and fabric conditioners, other home care products). In terms of country, the market is widespread into Germany, France, U.K, Italy, Spain, and the rest of Europe
European Fragrance Encapsulation Market Analysis by Method
Based on method, the market is segmented into physico-mechanical method, physico-chemical method, chemical method and other Encapsulation methods. The physico-mechanical method segment is expected to account for the largest share during the forecast period due to the wide range of benefits offered by these technologies such as high production capacity, high recovery efficiency, cost-effectiveness, and simple process with safety. The spray drying segment in the physico-mechanical method is expected to account for the largest share. The segment provides the following key factors such as processing at low cost, a wide choice of coating material, good encapsulation efficiency, and the possibility of the large-scale production in the continuous period, extra stability of the final product.
European Fragrance Encapsulation Market Analysis by Application
On the basis of classification by application, the market is segmented into personal care, and home care. Among these, the personal care segment is expected to account for the largest share over the forecast period due to changing lifestyles and consumer trends, increasing population and increasing consumer expenditure on personal care & cosmetics. The personal care segment is further divided into hair care products, skincare products, deodorants, and other personal care products. The skin care segment accounted for the largest share due to strong demand for skincare products across Europe. Changing lifestyle, rising awareness about the benefits of skincare products, the demand for products with anti-aging and skin protection properties are the factors which enhance the market growth during the forecast period.
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The European Fragrances Encapsulation Market is segmented into Germany, France, U.K, Italy, Spain, and the rest of Europe. Among these, Germany is expected to account for the largest share in the European fragrance’s Encapsulation Market for home and personal care products followed by France and the U.K. The market growth is attributed to rising innovations in its personal care and cosmetic industry and strong growth in home and personal care.
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European Fragrance Encapsulation Market Driver
Strong Growth in Cosmetic Industry
European Fragrance Encapsulation Market Restraint
High Production Cost of Some Encapsulation Process
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The European Fragrances Encapsulation Market for home and personal care is highly fragmented. All major key players are focusing on developing the home and personal care product with maximum potential. Manufacturers are focusing on the use of Encapsulation processes in the production of home and personal care products. The companies develop their growth strategies to increase their product portfolio. The key players operating in the regional market are Givaudan S.A, International Flavors & Fragrances
European Fragrance Encapsulation Market Top Company Profiles
European Fragrance Encapsulation Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the European Fragrances Encapsulation Market for home and personal care is expected to have a significant growth during the forecast period because of the adoption of western culture and increasing consumption of cosmetic products by consumers. Increasing consumer expenditure on beauty products, attractive branding of products by several companies, online availability of the beauty product are the major factors which drive the market growth. However, side effects related to the beauty product and rapid change in consumer demand can hinder the growth of the market over the forecast period.
|Market size value in 2021||USD 68.79 million|
|Market size value in the||USD 72.57 million|
|Forecast period||of 2023-2030|
|Forecast Unit (Value)||USD Million|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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For the European Fragrance Encapsulation Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the European Fragrance Encapsulation Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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