The Global Market for Nanoencapsulation for Food Products is Projected to Reach US$10.1 Billion by 2024

Expanding Application Possibilities Drive Nanoencapsulation for Food Products, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry trends, growth drivers, market size, share and demand forecasts on the global Nanoencapsulation for Food Products market. The global market for Nanoencapsulation for Food Products is projected to reach US$10.1 billion by 2024, driven by the increasing need for superior bioavailability of nutrients, rising number of applications, and technological advances.

Despite significant advances in other areas, nanotechnology remains a niche in the food industry. However, the market is growing with food manufacturers and research groups actively endeavoring to apply advances in nanotechnology to the food industry. Increasing focus on nanoparticles and nanoencapsulation techniques to deliver required bioactive compounds to intended areas of the body is driving popularity of nanoencapsulation for food products. As such, nanoencapsulation is a process of incorporating, absorbing and dispersing of bioactive compounds within nano-sized or submicron sized vesicles by using processes such as nanoemulsification, nanocomposite, and nanoestructuration. Their ability to become a means of delivering difficult-to-attain nutrients to the body by incorporating them in fortified or functional food products has propelled market for food products with nanoencapsulated ingredients in recent years. Factors such as rising demand for foods with better bioavailability of nutrients, ability to reduce quantity of additives used, and technological developments are fueling growth in the market.

Growing use in various food applications including food processing, food packaging, food production, food storage, food transportation in addition to the development of novel food packaging applications and new food textures and tastes are driving the market for nanoencapsulation. Rising demand for functional and health foods and beverages with less sugar, salt and fat content is spurring use of foods with nanoencapsulated dietary nutrition that can be delivered to desired targeted areas of the body. Nano-encapsulated food additives help target more areas than nano-textured or nano-structured food stuffs that predominantly assist in enhancing textures, stability and consistency of emulsions. Growth is also driven by growing applications in supplements, flavorings, preservatives and colors. However, the technology is still nascent and therefore leading to several concerns. Concerns over possible health risks from nanoencapsulation that may result in higher potential of the materials to be absorbed at the cellular level are hindering adoption of the technology.

As stated by the new market research report on Nanoencapsulation for Food Products, the U.S. represents the largest market worldwide for Nanoencapsulation for Food Products. Higher number of companies involved in nanoencapsulation and technological developments achieved over the years have pushed developed markets such as the U.S. to the top of the food nanoecapsulation market. Asia-Pacific ranks as the fastest growing market worldwide, with a CAGR of 7.3% through the analysis period.

Major players in the market include Aquanova AG, Frutarom Industries Ltd, Southwest Research Institute and Thies Technology among others.

The research report titled “Nanoencapsulation for Food Products: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for Nanoencapsulation for Food Products in value terms for major geographic markets such as United States, Canada, Japan, Europe (France, Germany, Italy, UK and Rest of Europe), Asia-Pacific and Rest of World.

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