Massive growth in Food Encapsulation Market analysis by top key players

The global food encapsulation market is projected to surpass US$ 10 billion by the end of 2027, in terms of revenue, growing at CAGR of 9.5% during the forecast period (2019 to 2027).

Food encapsulation is used to sustain the release of flavors of ingredient and is widely used across pharmaceuticals, food, textile personal care, chemical, and other industries. Food encapsulation enhances the taste of the food products, increases shelf-life, and quality of the food. Its prime function is to mask and protect the quality of the food product. In the chemical industry, it is used to develop the solvents and in the pharmaceutical industry, it is used to increase the flexibility of drug delivery while maintaining regulatory demands.

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Growing demand for natural flavors and clean label products is expected to propel the market growth of food encapsulation. Rising focus of manufacturer over safety, natural origin, high quality, and long shelf life coupled with the increasing demand for fortified and convenience food due to the hectic lifestyle of the population is further projected to foster the growth of food encapsulation market over the forecast timeframe.

Regionally, Asia-pacific dominated the global food encapsulation market in 2018, reporting 32% market share in terms of revenue, followed by Europe and North America, respectively.

Additional costs incurred during production are projected to hamper the market growth of food encapsulation. The high cost of production due to the high cost is a major concern among manufacturer and this is expected to restrict the adoption of food encapsulation. This, in turn, is projected to restrict the market growth of food encapsulation

Market Opportunities

Increasing adoption of encapsulation technology in the pharmaceutical industry in the drug formulation is expected to offer lucrative growth opportunity to the market of food encapsulation. This technology supports the proper formulation of oral dosage and reduces the risk of dose dumping and other environmental factors. This is increasing demand for encapsulation technology across the pharmaceutical industry which in turn augmenting the market growth of food encapsulation.

Competitive Section:

Key players operating in the global food encapsulation market are TasteTech Ltd., Givaudan SA ADR, Sensient Technologies Corporation, Balchem Corporation, International Flavors & Fragrances Inc., BASF SE (ADR), Symrise AG, Appvion, Inc., AVEKA Group, Firmenich International SA, and Koninklijke DSM N.V.

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This release was published on openPR.