The Global Market for Food Encapsulation is Forecast to Reach US$49 Billion by 2024

Increasing Demand for Healthy Dietary Foods, Convenience Foods and Functional Food Products, and Technological Innovations Drive the Global Food Encapsulation Market, According to a New Report by Global Industry Analysts, Inc.

                                                                                                

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Food Encapsulation market. The global market for food encapsulation is forecast to reach US$49 billion by 2024, driven by rising consumer awareness regarding healthy living; growing demand for convenient, functional dietary and packaged food products; and technological innovations. Widening application of nanotechnology in food encapsulation represents another major growth driver.

The global food encapsulation market is growing on a healthy note owing to rising consumer awareness regarding healthy living and escalating demand for dietary supplements. Time-starved consumers are showing greater inclination towards convenient, functional dietary and packaged food products, which is proving beneficial for food encapsulation market. The market is also witnessing continued innovations in terms of encapsulation technology although at a slow pace. Other major factors propelling market’s growth include the rapidly aging population; increasing demand for foods that help prevent diseases and/or promote good health; and widening applications of nanotechnology in food encapsulation. Food encapsulation market also holds significant potential for multi-component ingredient delivery system that ensures better control of the release of flavors and active ingredients in foods, such as dietary supplements and medicinal products. Furthermore, the emergence of ground-breaking preservation technologies, such as hybrid technologies, nano-encapsulation, and micro-encapsulation, offer the potential for an exciting transformation of the market.

The microencapsulation technology is expected to account for a dominant share of the global food encapsulation market. Growth will benefit from the many advantages offered by the microencapsulation technology in food applications, such as improved flavor delivery, increase in product shelf life, and improved texture of packaged products. Hybrid technology is poised to register fastest growth during the analysis period. The role of hybrid technologies is to prepare aqueous starch solution, from an oil phase with active core, and ultimately emulsification of oil phase, to yield an encapsulated emulsion. Nanoencapsulation is also making waves in the food sector for its ability to offer improved flavor, taste and enhanced dispersability of water-insoluble preservatives/additives. Nanoencapsulation, in the form of liposomes, protein-based carrier systems or nanomicelles are being used in the development of delivery systems for supplements and additives across a wide range of food and beverage products.

As stated by the new market research report on Food Encapsulation, the United States represents the largest market worldwide. The booming food and beverage industry in the region, supported by increasing preference for convenience foods, and a surge in food additives sector, are factors driving growth in the market. Demand for food encapsulation is also fuelled by rising preference for functional ingredients, such as probiotics, to offer improved health benefits. Asia-Pacific represents the fastest growing market, registering a CAGR of about 9.0% over the analysis period. Factors, such as booming food industry; increasing incidence of obesity and diabetes among young adults; growing consumer interest in nutrition products, and growing demand for functional food products are propelling growth in the market. India and China will spearhead growth of food encapsulation in Asia-Pacific. Factors such as the rapidly thriving food processing industry and improving standard of living will support the regional growth.

Major players in the market include Advanced BioNutrition Corporation, ABCO Laboratories Inc., Aveka Group, Aveka Inc., Balchem Corporation, Coating Place Inc., Cargill Inc., Royal DSM N.V., Encapsys LLC, FrieslandCampina Kievit, Firmenich Inc., LycoRed Ltd., Maxx Performance Inc., Symrise AG, Sensient Technologies Corporation, and Taste Tech Ltd., among others.

The research report titled “Food Encapsulation: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the food encapsulation market, key market trends, major growth drivers, technological innovations, end-use applications, mergers and acquisitions, other strategic industry activities of major and niche global and regional players. The report provides market estimates and projections in US dollars across all major geographic markets, such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil, and Rest of Latin America), and Rest of World.

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