Press release
Global Food Encapsulation Market Detail Analysis focusing on Key Players Cargill, FrieslandCampina Kievit, Royal DSM, BASF SE, Ingredion Incorporated, Symrise AG and Firmenich SA
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.
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Food Encapsulation Market is estimated to exceed USD 45 billion by 2024; according to a new research report.
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.
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.
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 . Rising demand for healthy diet accompanied by changing eating habits are key driving factors of the regional demand.
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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Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Food Encapsulation Industry Insights
Chapter 4. Food Encapsulation Market, By Type
Chapter 5. Food Encapsulation Market, By Core Phase
Chapter 6. Food Encapsulation Market, By Technology
Chapter 7. Food Encapsulation Market, By Shell Material
Chapter 8. Food Encapsulation Market, By Region
Chapter 9. Company Profiles
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