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.
Coherent Market Insights have included a latest addition of global market research report titled Food Encapsulation Market to its expansive repository. The report studies primary and secondary research in order to analyze the data effectively.
Top Key Players in Food Encapsulation market: 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.
The scope of the Report:
The report segments the global Food Encapsulation Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Food Encapsulation Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.
Market Restraints
Lack of food-grade materials to avoid losses during production processes as they help in protecting ingredients from harsh temperature and humidity and provide stable release of components. Moreover, these materials also enhance efficiencies in food processing machinery and are very important for manufacturers. Hence, the lack of food-grade materials is expected to hinder the market growth to some extent.
Key Takeaways
On the basis of core material, vitamins & minerals dominated the global food encapsulation market in 2018 with around 40% of market share in terms of revenue, followed flavoring agents and acids, bases & buffers, respectively.
Market Trends
Increasing focus of manufacturers to introduce innovation in encapsulation technology is expected to augment market growth. For instance, in November 2019, Tanatex Chemicals, a company into textile processing solutions ranging from pre-treatment to finishing, has launched a bio-based and biodegradable micro-encapsulating technology in the Tana Care Bio range. The product Tana Care Bio-Slim is the first in the brand new range of cosmeto finishes, delivering improved skin conditions and a proven slimming effect.
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