Meticulous Research® – a leading global market research company, published a research report titled “European Fragrances Microencapsulation Market for Home and Personal Care Products by Technology/Method [Physico-Mechanical (Spray Drying, Coextrusion); Physico-Chemical; Chemical] Application (Home care and Personal Care); and Geography -Forecast to 2027.”
According to this latest publication from Meticulous Research®, the European fragrances microencapsulation market for home and personal care products is expected to grow at a CAGR of 2.9% from 2020 to 2027 to reach $203.4 million by 2027. The growth of the European fragrances microencapsulation market for home and personal care products is mainly attributed to strong growth in the cosmetics industry; increasing demand for home care products; growing demand for microencapsulated fragrances due to their wide applications across the home and personal care industries; and rising R&D investments for improving process efficiency. However, the high production costs of some microencapsulation processes and stringent regulatory requirements are expected to restrain the future growth of this market to some extent.
The European fragrances microencapsulation market for home and personal care products study presents historical market data in terms of value (2018 and 2019), estimated current data (2020), and forecasts for 2027— by technology/method [physico-mechanical methods (spray drying, fluidized bed spray coating, coextrusion, spray chilling or congealing, other physico-mechanical methods); physico-chemical methods (coacervation or phase separation methods and other physico-chemical methods); chemical methods (in-situ polymerization and interfacial polymerization); and other microencapsulation methods]; application [personal care (skincare products, haircare products, deodorants and perfumes, other personal care products); home care (laundry detergents and fabric conditioners, house cleaning agents, other home care products); and geography. The study also evaluates industry competitors and analyzes the market at country levels.
Based on technology/method, the physico-mechanical methods segment is estimated to account for the largest share of the market in 2020. The large share of this segment is mainly attributed to the wide range of benefits offered by these technologies, including high production capacity, high recovery efficiency, cost-effectiveness, and simplicity of the process with safety.
Based on application, the personal care segment is estimated to command the largest share of the European fragrances microencapsulation market for home and personal care products in 2020. The key factor driving the demand for fragrances microencapsulation for personal care products is the changing lifestyles & consumer trends, burgeoning population, and rising consumer expenditure on personal care & cosmetic products.
This research report analyzes major European countries and provides a comprehensive analysis for Germany, France, the U.K., Italy, Spain, and other European countries. Germany is estimated to hold the largest share of the European fragrances microencapsulation market for home and personal care products in 2020, followed by France and U.K. Also, the Germany is witnessing the rapid growth during the forecast period, owing to the increasing innovation in its personal care and cosmetics industry and strong growth in the home & personal care industry.
The European fragrances microencapsulation market for home and personal care products space is characterized by a moderately competitive scenario due to the presence of many large- and small-sized regional and local players. The key players operating in the European fragrances microencapsulation market for home and personal care products are Givaudan S.A. (Switzerland), International Flavors & Fragrances, Inc.(U.S.), Calyxia S.A.(France), Follmann GmbH & Co. KG (Germany), Firmenich Incorporated (Switzerland), Symrise AG (Germany), Ingredion Incorporated (U.S.), MikroCaps d.o.o (Slovenia), Koehler Innovative Solutions (Germany), Ashland Global Holdings Inc. (U.S.), Robertet Group (France), Vantage Specialty Chemicals (U.S.), Euracli (France), Capsulæ SAS (France), Robert Blondel Cosmetiques (France), Lambson Ltd. (U.K.), and Micropore Technologies Limited (U.K.), among others.
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