Verified Market Researcha reports that the digital scent technology market value reached $905.1 million in 2020. During the forecasted period of 2021 to 2028, it’s expected to continue its growth at a CAGR of 9.12%, reaching a value of $1,819.8 million by 2028.
Verified Market Researcha reports that the digital scent technology market value reached $905.1 million in 2020. During the forecasted period of 2021 to 2028, it’s expected to continue its growth at a CAGR of 9.12%, reaching a value of $1,819.8 million by 2028.
The expanding innovations in the fragrance realm, including e-nose technology, encapsulation and digital applications, have seen a recent surge in development. The digital elements of the fragrance industry have resulted in innovative products that the field has never quite seen before, and here are some of the latest inventions from the past months.
Sustainable Innovation
Sustainability continues to be a top consumer demand. Biotechnology is creating new possibilities with sustainable and renewable ingredients. One of which is Blue California’s latest addition to its Natural Flavor and Fragrance portfolio—nerolidol.
Kathy Oglesby, head of flavors and fragrances at Blue California, said, "Biotechnology is opening doors to sustainable ingredients that weren't previously possible. Our collaboration with innovation partner Conagen provides efficient and effective commercialization, leading us to deliver to our client-creators a full range of captive ingredients, trademarked Plantarôme, for use in our flavors and fragrances."
References
awww.verifiedmarketresearch.com/product/digital-scent-technology-market/
For the full article, please check out the Perfumer & Flavorist+ March 2022 issue.
