Asia Pacific Encapsulated Fragrances Market Forecast to 2028

Asia Pacific Encapsulated Fragrances Market Forecast to 2028 – Regional Analysis By Product Type (Fragrance Blends, Aroma Chemicals, and Others) and Application (Perfumes and Fragrances, Cleaning Products, Cosmetics, Personal Hygiene Products, Food and Beverages, and Others)

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Description

The Asia Pacific encapsulated fragrances market is expected to grow from US$ 326.64 million in 2022 to US$ 447.25 million by 2028. It is estimated to grow at a CAGR of 5.4% from 2022 to 2028.
Rising Innovations in Encapsulation Technology Drive Asia Pacific Encapsulated Fragrances Market
Rising demand for long lasting fragrances and surging demand for sustainable technology has surged innovations in encapsulated technology. Prominent players in encapsulated technology are engaged in product launches with advanced technology to cater growing demand for sustainable products. For instance, in December 2021, Givaudan SA announced the launch of PlanetCaps, an encapsulated fragranced for laundry application. This encapsulated fragrance innovation enables long-lasting fragrance experiences in a bio-sourced and biodegradable system for fabric softeners. Additionally, in May 2022, Iberchem, announced the launch of its own biodegradable encapsulated fragrances capsules. This technology consists of minimum of 60% bio-based material. The launch was aimed to cater the growing demand for biodegradable encapsulated fragrances by various applications. Such development of sustainable encapsulation technology creates growth opportunity for the market. In addition, key players in the encapsulated fragrances market are engaged in developing research centers and investing for technology innovations. Thus, rising innovation for encapsulated technology is likely to favor the growth of the Asia Pacific encapsulated fragrances market in the coming years.
Asia Pacific Encapsulated Fragrances Market Overview
The Asia Pacific encapsulated fragrances market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. In the region, there is a growing demand for encapsulated fragrances in the personal care industry owing to the increasing demand among consumers for scented skincare products. Also, there is an upsurge in demand for natural ingredients such as organic and natural essential oils and fragrances blends of ingredients, including camphor, eugenol, palmarosa oil, thyme oil, citronellal, wormwood oil, lavender fragrance oil, kaffir lime oil, lemongrass oil, tea-tree oil, and jasmine. Encapsulated fragrance technology minimizes unpleasant tastes and odors associated with specific nutrients. It protects fragrances from moisture, acids, ingredient interactions, heat, and exposure to oxygen. The stability offered by encapsulated ingredients allows for measuring and delivering precise levels of the preferred nutrient. Hence, benefits associated with encapsulated technology in the personal care & cosmetics, homecare, and perfume industries encourage product manufacturers to opt for such technologies, which is projected to offer new opportunities to the Asia Pacific encapsulated fragrances market during the forecast period.
Over the past few years, the encapsulated fragrance market in Asia Pacific has been growing significantly due to the expansion of major players in terms of investment and the establishment of state-of-the-art facilities in the region. In December 2022, Givaudan SA (a leading European industry participant) unveiled its integrated fragrance encapsulation center in Singapore and invested US$ 32.48 million in the development of encapsulation delivery technology to meet consumers’ demand for long-lasting fragrance experiences in various product categories such as personal care, fabric care, hygiene, home care, fine fragrances, and cosmetics. Thus, strategic developments by manufacturers boost the demand for encapsulated fragrances, thus driving the encapsulated fragrances market growth in the region.
Asia Pacific Encapsulated Fragrances Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Encapsulated Fragrances Market Segmentation
The Asia Pacific encapsulated fragrances market is segmented into product type, application, and country.
Based on product type, the Asia Pacific encapsulated fragrances market is segmented into fragrance blends, aroma chemicals, and others. In 2022, the others segment registered a largest share in the Asia Pacific encapsulated fragrances market.
Based on application, the Asia Pacific encapsulated fragrances market is segmented into perfumes and fragrances, cleaning products, cosmetics, personal hygiene products, food and beverages, and others. In 2022, the cleaning products segment registered a largest share in the Asia Pacific encapsulated fragrances market.
Based on country, the Asia Pacific encapsulated fragrances market is segmented into Australia, China, India, Japan, South Korea, ASEAN, and the Rest of Asia Pacific. In 2022, China segment registered a largest share in the Asia Pacific encapsulated fragrances market.
Ashland Inc; Firmenich SA; Follmann GmbH and Co KG; Givaudan SA; Glatt GmbH; Ingredion Inc; Insilico Medicine Inc; International Flavors & Fragrances Inc; and Symrise AG are some of the leading companies operating in the Asia Pacific encapsulated fragrances market.

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At 5.4% CAGR, the Asia Pacific Encapsulated Fragrances Market is speculated to be worth US$ 447.25 million by 2028, saysthe research team
According tothe research team’ research, the Asia Pacific encapsulated fragrances market was valued at US$ 326.64 million in 2022 and is expected to reach US$ 447.25 million by 2028, registering a CAGR of 5.4% from 2022 to 2028. Increasing demand for natural fragrances and rising innovations in encapsulation technology are the critical factors attributed to the Asia Pacific encapsulated fragrances market expansion.
Rising awareness regarding benefits of natural fragrances has surged adoption of natural fragrances in various applications including cosmetics, personal care, food and beverages, cleaning products, and others. In cosmetic industry, the demand for natural fragrances has surged owing to rising awareness regrading health effects with use of synthetic fragrances and stringent regulation on use of some synthetic fragrances. Similarly, increasing allergic reactions by use of synthetic fragrances in personal care and cleaning products has further surged the demand for natural fragrances. Thus, surging demand for natural fragrances from various applications has surged the new trend in the market.
Key players in the encapsulated fragrance market are adopting strategic initiatives to launch the natural products to cater growing consumer demand. Thus, the increasing demand for natural fragrances is expected to introduce new trends into the Asia Pacific encapsulated fragrances market during the forecast period.
On the contrary, high costs associated with encapsulation technology hurdles the growth of Asia Pacific encapsulated fragrances market.
Based on product type, the Asia Pacific encapsulated fragrances market is segmented into fragrance blends, aroma chemicals, and others. The others segment held 43.7% share of Asia Pacific encapsulated fragrances market in 2022, amassing US$ 142.85 million. It is projected to garner US$ 201.23 million by 2028 to expand at 5.9% CAGR during 2022-2028.
Based on application, the Asia Pacific 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 61.4% share of Asia Pacific encapsulated fragrances market in 2022, amassing US$ 200.58 million. It is projected to garner US$ 279.48 million by 2028 to expand at 5.7% CAGR during 2022-2028.
Based on country, the Asia Pacific encapsulated fragrances market is segmented into Australia, China, India, Japan, South Korea, ASEAN, and the Rest of Asia Pacific. Our regional analysis states that China captured 30.3% share of Asia Pacific encapsulated fragrances market in 2022. It was assessed at US$ 99.06 million in 2022 and is likely to hit US$ 141.96 million by 2028, exhibiting a CAGR of 6.2% during during 2022-2028.
Key players operating in the Asia Pacific encapsulated fragrances market Ashland Inc; Firmenich SA; Follmann GmbH and Co KG; Givaudan SA; Glatt GmbH; Ingredion Inc; Insilico Medicine Inc; International Flavors & Fragrances Inc; and Symrise AG, among others.

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TABLE OF CONTENTS

1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Encapsulated Fragrances Market, by Product Type
1.3.2 Asia Pacific Encapsulated Fragrances Market, by Application
1.3.3 Asia Pacific Encapsulated Fragrances Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.1.1 Asia Pacific Encapsulated Fragrances Market, by Product Type, and Application
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Asia Pacific Encapsulated Fragrances Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers:
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Overview:
4.3.2 Raw Material Suppliers:
4.3.3 Manufacturers
4.3.4 Distributors
4.3.5 End-User
4.4 Expert Opinion
5. Asia Pacific Encapsulated Fragrances Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Adoption of Encapsulated Fragrances from Various Applications
5.1.2 Strategic Initiatives by Key Market Players
5.2 Market Restraints
5.2.1 High Costs Associated with Encapsulation Technology
5.3 Market Opportunities
5.3.1 Rising Innovations in Encapsulation Technology
5.4 Future Trends
5.4.1 Increasing Demand for Natural Fragrances
5.5 Impact Analysis
6. Encapsulated Fragrances – Asia Pacific Market Analysis
6.1 Asia Pacific Encapsulated Fragrances Market -Revenue and Forecast to 2028 (US$ Mn)
6.2 Asia Pacific Encapsulated Fragrances Market -Volume and Forecast to 2028 (Kilotons)
7. Asia Pacific Encapsulated Fragrances Market Analysis – By Product Type
7.1 Overview
7.2 Asia Pacific Encapsulated Fragrances Market, By Product Type (2022 and 2028)
7.3 Fragrance Blends
7.3.1 Overview
7.3.2 Fragrance Blends: Asia Pacific Encapsulated Fragrances Market – Revenue and Forecast to 2028 (US$ Mn)
7.3.3 Fragrance Blends: Asia Pacific Encapsulated Fragrances Market -Volume and Forecast to 2028 (Kilotons)
7.4 Aroma Chemicals
7.4.1 Overview
7.4.2 Aroma Chemicals: Asia Pacific Encapsulated Fragrances Market – Revenue and Forecast to 2028 (US$ Mn)
7.4.3 Aroma Chemicals: Asia Pacific Encapsulated Fragrances Market -Volume and Forecast to 2028 (Kilotons)
7.5 Others
7.5.1 Overview
7.5.2 Others: Asia Pacific Encapsulated Fragrances Market – Revenue and Forecast to 2028 (US$ Mn)
7.5.3 Others: Asia Pacific Encapsulated Fragrances Market -Volume and Forecast to 2028 (Kilotons)
8. Asia Pacific Encapsulated Fragrances Market Analysis – By Application
8.1 Overview
8.2 Asia Pacific Encapsulated Fragrances Market, By Application (2022 and 2028)
8.3 Perfumes and Fragrances
8.3.1 Overview
8.3.2 Perfumes and Fragrances: Asia Pacific Encapsulated Fragrances Market – Revenue and Forecast to 2028 (US$ Mn)
8.4 Cleaning Products
8.4.1 Overview
8.4.2 Cleaning Products: Asia Pacific Encapsulated Fragrances Market – Revenue and Forecast to 2028 (US$ Mn)
8.5 Cosmetics
8.5.1 Overview
8.5.2 Cosmetics: Asia Pacific Encapsulated Fragrances Market – Revenue and Forecast to 2028 (US$ Mn)
8.6 Personal Hygiene Products
8.6.1 Overview
8.6.2 Personal Hygiene Products: Asia Pacific Encapsulated Fragrances Market – Revenue and Forecast to 2028 (US$ Mn)
8.7 Food and Beverages
8.7.1 Overview
8.7.2 Food and Beverages: Asia Pacific Encapsulated Fragrances Market – Revenue and Forecast to 2028 (US$ Mn)
8.8 Others
8.8.1 Overview
8.8.2 Others: Asia Pacific Encapsulated Fragrances Market – Revenue and Forecast to 2028 (US$ Mn)
9. Asia Pacific Encapsulated Fragrances Market – Country Analysis
9.1 Overview
9.1.1 Asia-Pacific: Encapsulated Fragrances Market, by Key Country
9.1.1.1 Australia: Encapsulated Fragrances Market -Analysis and Forecast to 2028 (US$ Million)
9.1.1.1.1 Australia: Encapsulated Fragrances Market, by Product Type
9.1.1.1.2 Australia: Encapsulated Fragrances Market, by Application
9.1.1.2 China: Encapsulated Fragrances Market -Analysis and Forecast to 2028 (US$ Million)
9.1.1.2.1 China: Encapsulated Fragrances Market, by Product Type
9.1.1.2.2 China: Encapsulated Fragrances Market, by Application
9.1.1.3 India: Encapsulated Fragrances Market -Analysis and Forecast to 2028 (US$ Million)
9.1.1.3.1 India: Encapsulated Fragrances Market, by Product Type
9.1.1.3.2 India: Encapsulated Fragrances Market, by Application
9.1.1.4 Japan: Encapsulated Fragrances Market -Analysis and Forecast to 2028 (US$ Million)
9.1.1.4.1 Japan: Encapsulated Fragrances Market, by Product Type
9.1.1.4.2 Japan: Encapsulated Fragrances Market, by Application
9.1.1.5 South Korea: Encapsulated Fragrances Market -Analysis and Forecast to 2028 (US$ Million)
9.1.1.5.1 South Korea: Encapsulated Fragrances Market, by Product Type
9.1.1.5.2 South Korea: Encapsulated Fragrances Market, by Application
9.1.1.6 ASEAN: Encapsulated Fragrances Market -Analysis and Forecast to 2028 (US$ Million)
9.1.1.6.1 ASEAN: Encapsulated Fragrances Market, by Product Type
9.1.1.6.2 ASEAN: Encapsulated Fragrances Market, by Application
9.1.1.7 Rest of Asia-Pacific: Encapsulated Fragrances Market -Analysis and Forecast to 2028 (US$ Million)
9.1.1.7.1 Rest of Asia-Pacific: Encapsulated Fragrances Market, by Product Type
9.1.1.7.2 Rest of Asia-Pacific: Encapsulated Fragrances Market, by Application
10. Industry Landscape
10.1 Overview
10.2 Expansion
10.3 New Product Development
10.4 Merger and Acquisition
11. Company Profiles
11.1 Firmenich SA
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Givaudan SA
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Ingredion Inc
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 International Flavors & Fragrances Inc
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Symrise AG
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Glatt GmbH
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Insilico Medicine Inc
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Follmann GmbH & Co KG
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Ashland Inc
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About
12.2 Glossary of Terms

LIST OF TABLES

Table 1. Asia Pacific Encapsulated Fragrances Market -Revenue and Forecast to 2028 (US$ Mn)
Table 2. Asia Pacific Encapsulated Fragrances Market -Volume and Forecast to 2028 (Kilotons)
Table 3. Australia Encapsulated Fragrances Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia Encapsulated Fragrances Market, by Product Type – Volume and Forecast to 2028 (Kilotons)
Table 5. Australia Encapsulated Fragrances Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 6. China Encapsulated Fragrances Market, by Product Type- Revenue and Forecast to 2028 (US$ Million)
Table 7. China Encapsulated Fragrances Market, by Product Type – Volume and Forecast to 2028 (Kilotons)
Table 8. China Encapsulated Fragrances Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 9. India Encapsulated Fragrances Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. India Encapsulated Fragrances Market, by Product Type – Volume and Forecast to 2028 (Kilotons)
Table 11. India Encapsulated Fragrances Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 12. Japan Encapsulated Fragrances Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Japan Global Encapsulated Fragrances Market, by Product Type – Volume and Forecast to 2028 (Kilotons)
Table 14. Japan Encapsulated Fragrances Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 15. South Korea Encapsulated Fragrances Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. South Korea Global Encapsulated Fragrances Market, by Product Type – Volume and Forecast to 2028 (Kilotons)
Table 17. South Korea Encapsulated Fragrances Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 18. ASEAN Encapsulated Fragrances Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. ASEAN Encapsulated Fragrances Market, by Product Type – Volume and Forecast to 2028 (Kilotons)
Table 20. ASEAN Encapsulated Fragrances Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 21. Rest of Asia-Pacific Encapsulated Fragrances Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Asia-Pacific Encapsulated Fragrances Market, by Product Type – Volume and Forecast to 2028 (Kilotons)
Table 23. Rest of Asia-Pacific Encapsulated Fragrances Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 24. Glossary of Terms, Asia Pacific Encapsulated Fragrances Market

LIST OF FIGURES

Figure 1. Asia Pacific Encapsulated Fragrances Market Segmentation
Figure 2. Asia Pacific Encapsulated Fragrances Market Segmentation – By Country
Figure 3. Asia Pacific Encapsulated Fragrances Market Overview
Figure 4. Asia Pacific Encapsulated Fragrances Market, By Product Type
Figure 5. Asia Pacific Encapsulated Fragrances Market, by Country
Figure 6. Porter’s Five Forces Analysis of Asia Pacific Encapsulated Fragrances Market
Figure 7. Asia Pacific Encapsulated Fragrances Market, Ecosystem
Figure 8. Expert Opinion
Figure 9. Asia Pacific Encapsulated Fragrances Market Impact Analysis of Drivers and Restraints
Figure 10. Asia Pacific Encapsulated Fragrances Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 11. Asia Pacific Encapsulated Fragrances Market -Volume and Forecast to 2028 (Kilotons)
Figure 12. Asia Pacific Encapsulated Fragrances Market Revenue Share, By Product Type (2022 and 2028)
Figure 13. Fragrance Blends: Asia Pacific Encapsulated Fragrances Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 14. Fragrance Blends: Asia Pacific Encapsulated Fragrances Market -Volume and Forecast To 2028 (Kilotons)
Figure 15. Aroma Chemicals: Asia Pacific Encapsulated Fragrances Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 16. Aroma Chemicals: Asia Pacific Encapsulated Fragrances Market -Volume and Forecast To 2028 (Kilotons)
Figure 17. Others: Asia Pacific Encapsulated Fragrances Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 18. Others: Asia Pacific Encapsulated Fragrances Market -Volume and Forecast To 2028 (Kilotons)
Figure 19. Asia Pacific Encapsulated Fragrances Market Revenue Share, By Application (2022 and 2028)
Figure 20. Perfumes and Fragrances: Asia Pacific Encapsulated Fragrances Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 21. Cleaning Products: Asia Pacific Encapsulated Fragrances Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 22. Cosmetics: Asia Pacific Encapsulated Fragrances Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 23. Personal Hygiene Products: Asia Pacific Encapsulated Fragrances Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 24. Food and Beverages: Asia Pacific Encapsulated Fragrances Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 25. Others: Asia Pacific Encapsulated Fragrances Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 26. Asia-Pacific: Encapsulated Fragrances Market, by Key Country – Revenue (2022)
Figure 27. Asia-Pacific: Encapsulated Fragrances Market Revenue Share, by Key Country (2022 and 2028)
Figure 28. Australia: Global Encapsulated Fragrances Market -Revenue and Forecast to 2028 (US$ Million)
Figure 29. Australia: Encapsulated Fragrances Market -Volume and Forecast to 2028 (Kilotons)
Figure 30. China: Encapsulated Fragrances Market -Revenue and Forecast to 2028 (US$ Million)
Figure 31. China: Encapsulated Fragrances Market -Volume and Forecast to 2028 (Kilotons)
Figure 32. India: Encapsulated Fragrances Market -Revenue and Forecast to 2028 (US$ Million)
Figure 33. India: Encapsulated Fragrances Market -Volume and Forecast to 2028 (Kilotons)
Figure 34. Japan: Encapsulated Fragrances Market -Revenue and Forecast to 2028 (US$ Million)
Figure 35. Japan: Encapsulated Fragrances Market -Volume and Forecast to 2028 (Kilotons)
Figure 36. South Korea: Encapsulated Fragrances Market -Revenue and Forecast to 2028 (US$ Million)
Figure 37. South Korea: Encapsulated Fragrances Market -Volume and Forecast to 2028 (Kilotons)
Figure 38. ASEAN: Encapsulated Fragrances Market -Revenue and Forecast to 2028 (US$ Million)
Figure 39. ASEAN: Encapsulated Fragrances Market -Volume and Forecast to 2028 (Kilotons)
Figure 40. Rest of Asia-Pacific: Encapsulated Fragrances Market -Revenue and Forecast to 2028 (US$ Million)
Figure 41. Rest of Asia-Pacific: Encapsulated Fragrances Market -Volume and Forecast to 2028 (Kilotons)

The List of Companies – Asia Pacific Encapsulated Fragrances Market

– Ashland Inc
– Firmenich SA
– Follmann GmbH & Co KG
– Givaudan SA
– Glatt GmbH
– Ingredion Inc
– Insilico Medicine Inc
– International Flavors & Fragrances Inc
– Symrise AG

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