Comprehensive Study of Food Encapsulation Market 2024 with Competitive landscape of Symrise AG, International Flavors & Fragrances, Firmenich, Ingredion Incorporated, Lycored, IFF, FrieslandCampina Kievit
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Food encapsulation market has depicted phenomenal growth in the recent years, precisely on account of two major factors – the exponential rise in the demand for convenience food, subject to hectic lifestyles, in conjunction with the growing necessity to consume healthy and functional food. 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.
Companies Profiled based on Business Overview, Strategic Outlook & SWOT Analysis:
2. FrieslandCampina Kievit
6. Ingredion Incorporated
8. International Flavors & Fragrances
9. Symrise AG
10. Sensient Technologies Corporation
11. Balchem Corporation
Microencapsulation also helps incorporate the goodness of certain vitamins and minerals in foods. For instance, omega 3 fatty acids are not naturally produced in the human body but can be ingested through the intake of fish. However, since fish is not prioritized in American diet, to increase the intake of omega 3 fatty acids in consumers who possibly do not prefer fish or do not like the smell, microencapsulation is being adopted to incorporate fish oils in bread. This would deliver the goodness of omega 3 fatty acids to the consumer without the unpleasantness or necessity of consuming fish and would lead to the generation of lucrative opportunities for food encapsulation industry players. It is noteworthy to mention that food encapsulation market undoubtedly is wrought with instances such as the aforementioned which has led to massive revenue generation for this business space.
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.
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.
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.
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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, Ingredion Incorporated, Lycored, International Flavors & Fragrances, Symrise AG, Balchem Corporation, Firmenich, AVEKA. 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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