At 3.8% CAGR, the Middle East & Africa Encapsulated Fragrances Market is projected to be worth US$ 73.70 million by 2028, says Business Market Insights

According to Business Market Insights research, the Middle East & Africa encapsulated fragrances market was valued at US$ 58.80 million in 2022 and is expected to reach US$ 73.70 million by 2028, registering a CAGR of 3.8% from 2022 to 2028. Rising innovations in encapsulation technology and increasing demand for natural fragrances are the critical factors attributed to the Middle East & Africa encapsulated fragrances market expansion.               

Rising demand for long lasting fragrances and surging demand for sustainable technology has surged innovations in encapsulated technology. Prominent players in the 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 Middle East & Africa encapsulated fragrances market in the coming years.  

On the contrary, high costs associated with encapsulation technology hurdles the growth of Middle East & Africa encapsulated fragrances market.

Based on product type, the Middle East & Africa encapsulated fragrances market is segmented into fragrance blends, aroma chemicals, and others. The others segment held 42.5% share of Middle East & Africa encapsulated fragrances market in 2022, amassing US$ 24.98 million. It is projected to garner US$ 32.01 million by 2028 to expand at 4.2% CAGR during 2022–2028.

Based on application, the Middle East & Africa 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 59.3% share of Middle East & Africa encapsulated fragrances market in 2022, amassing US$ 34.87 million. It is projected to garner US$ 44.49 million by 2028 to expand at 4.1% CAGR during 2022–2028.

Based on country, the Middle East & Africa encapsulated fragrances market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that South Africa captured 32.6% share of Middle East & Africa encapsulated fragrances market in 2022. It was assessed at US$ 19.19 million in 2022 and is likely to hit US$ 23.67 million by 2028, exhibiting a CAGR of 3.6% during 2022–2028.

Key players profiled in the Middle East & Africa encapsulated fragrances market Ashland Inc; Firmenich SA; Givaudan SA; Glatt GmbH; Ingredion Inc; International Flavors & Fragrances Inc; and Symrise AG, among others.

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