Encapsulated Fragrances Market Scope And Analysis

Encapsulated Fragrances Market Report Scope

IMPACT OF COVID/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION

The report provides a detailed overview of the global encapsulated fragrances market with respect to five major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South & Central America. Industries such as cleaning products, cosmetics, personal hygiene products, and food & beverages have been the major consumers of encapsulated fragrances. In 2020, these industries had to slow down their operations due to disruptions in the value chain caused by the shutdown of national and international boundaries. Moreover, lockdowns imposed by different countries hampered the ability of industries to maintain inventory levels in the same year. The COVID-19 pandemic hampered the sales of cosmetics, personal care products, perfumes, and scents. Besides, the shortage of raw materials caused by supply chain disruptions hampered the production and distribution of encapsulated fragrances, leading to price hikes for a few months in 2020.

In 2021, the global marketplace began recovering from the losses incurred in 2020 as governments of different countries announced relaxations in social restrictions. Further, consumers became more conscious of personal and home cleanliness during the pandemic, resulting in an increased need for personal care, home care, and laundry products, propelling the encapsulated fragrances market.

COMPETITIVE LANDSCAPE AND KEY COMPANIES

Some of the key players operating in the encapsulated fragrances market include Firmenich SA.; Givaudan SA; Ingredion Inc; International Flavors & Fragrances Inc; MikroCaps doo; Symrise AG; Glatt GmbH; Insilico Medicine Inc; Follmann GmbH and Co KG, Inc.; and Ashland Inc, among others.