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Food Encapsulation Market Comprehensive Analysis by leading players - AVEKA Group, Firmenich SA, Balchem Corporation, Sensient Technologies Corporation, Symrise AG, International Flavours & Fragrances Inc. (IFF), Lycored Group, Ingredion Incorporated, Ker
Food Encapsulation Market
Global processed & packaged food industry expansion due to rising preference for convenient and healthy nutritional products will drive food encapsulation market growth. Improved taste, efficient ingredients release properties along with extended shelf life will remain key factors fueling product penetration.
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Rising demand from bakery & confectionery industry to improve taste, flavor and preservation of nutrients has enhanced the food encapsulation industry expansion. Technological advancement in terms of enriching bioavailability of food ingredients will support growth.
Micro encapsulation generated more than USD 10 billion in 2016. Increased demand for efficient protection and delivery of bioactive compounds will drive growth in this segment. Benefits including precise release of nutrients at the right place and time at economical cost makes has propelled demand.
Organic acids are estimated to witness growth over 6% up to 2024. Major benefits including boosting renal health, fighting free radicals, revitalizing the skin and curbing nausea offered by organic acids will drive product demand. Increased preference for sorbic acid in various products owing to its antimicrobial nature will drive food encapsulation market growth. Fumaric acid is projected to gain advantage owing to its nonabsorbent moisture properties which protects flavor degradation.
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Chemical & physicochemical process will observe CAGR over 6.5% up to 2024. Key benefits including improved stability during processing and final products will propel segment growth. Increased use of coacervation technique owing to its complete & effective entrapped core material by the specified matrix will propel food encapsulation market size. Significant growth in popularity of co-crystallization technique owing to the use of sucrose as a matrix to avoid crystallization shall provide lucrative opportunities in the coming years.
Polysaccharides generated over USD 8.5 billion revenue in 2016. The rising demand for polysaccharides as encapsulating matrices to protect sensitive oils and bioactive ingredients will propel the food encapsulation industry growth. Polysaccharides are widely used among manufacturers as they play a crucial role in the microstructure of numerous food products. However, vulnerability of polysaccharides to form toxic products when reacted with peptide core under extreme environmental conditions may hamper segment growth.
Asia Pacific will observe over 7.5% growth up to 2024. Rapid growth in the food industry along with increasing demand for functional products are likely to drive the food encapsulation market. Moreover, improving living standards and the growing demand for processed foods will further propel industry size. Rising demand for healthy diet accompanied by changing eating habits are key driving factors of the regional demand.
Global industry share is consolidated owing to the presence of few international players in the market. Some of the key players include Cargill, FrieslandCampina Kievit, Royal DSM, BASF SE, Ingredion Incorporated, Symrise AG and Firmenich SA. Companies are concentrating on reduction of overhead costs through mergers and collaborations with the technology providers as well as raw material suppliers which will eventually enhance company’s economy of scale.
Shifting focus on product development and innovations to retain and enhance profitability will propel industry growth. For instance, in 2015, researchers from Mexico developed an innovative encapsulated material also called sulforaphane derived from broccoli.
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Charts & Figures
FIG 1. Industry segmentation
FIG 2. Global food encapsulation market, 2013 - 2024 (USD Million)
FIG 3. Industry ecosystem analysis
FIG 4. Industry impact forces
FIG 5. Competitive landscape, 2016
FIG 6. Porter’s analysis
FIG 7. PESTEL analysis
FIG 8. Global food encapsulation market share by type, 2016 & 2024
FIG 9. Global food encapsulation market share by core phase, 2016 & 2024
FIG 10. Global food encapsulation market share by technology, 2016 & 2024
FIG 11. Global food encapsulation market share by shell material, 2016 & 2024
FIG 12. Global food encapsulation market share by region, 2016 & 2024
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