Food Encapsulation Market: Current Analysis and Forecast (2022-2028)
Emphasis on Material (Polysaccharides, Emulsifiers, Lipids, Proteins); Technology (Microencapsulation, Nanoencapsulation, Hybrid Encapsulation); Core Phase (Vitamins, Minerals, Enzymes, Organic Acids, Probiotics, Others); Application (Dietary supplements, Function food products, Bakery products, Others); Region/Country.
Global Food Encapsulation Market is expected to grow at a significant rate of around 8% during the forecast period. Encapsulation involves the incorporation of food ingredients, enzymes, cells or other materials in small capsules. Applications for this technique have increased in the food industry since the encapsulated materials can be protected from moisture, heat or other extreme conditions, thus enhancing their stability and maintaining viability. The use of encapsulation for sweeteners such as aspartame and flavors in chewing gum is well known. Fats, starches, dextrins, alginates, protein, and lipid materials can be employed as encapsulating materials.
Encapsulation technology has been one of the major trends in other industries, such as pharmaceuticals. However, the trend has been gaining pace recently in the food industry. Multiple ingredient manufacturers have been developing encapsulated products as a part of their product offering, while multiple companies offer this technology as a service for formulating customized products depending on the client’s needs. The surge in new technology penetration would be another influential trend driving the market in terms of value sales. Manufacturers and distributors make the best of the internet to spread awareness about their products and services among target consumers and simultaneously generate revenue sales
BASF SE, DSM, Advanced Bionutrition Corp, Cargill, Incorporated, DuPont, Ingredion Incorporated, GAT Food Essentials GmbH, Encapsys, LLC., Frieslandcampina Kievit, Blachem Inc., are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst material, polysaccharide category to witness higher CAGR during the forecast period”
Based on material, the market is segmented into Polysaccharides, Emulsifiers, Lipids, and Proteins. The polysaccharide segment grabbed a considerable market share in 2020. For the purpose of extending their shelf life and/or hiding the unfavorable flavour or taste, polysaccharides are used to encapsulate sensitive and bioactive food ingredients, such as highly unsaturated edible oils (such as fish oils), vitamins, enzymes, or other tastes. The desire for functional food items is growing as a result of consumers’ rising health consciousness, which fuels the expansion of the global industry.
“Amongst technology, microencapsulation to hold a significant share in the market in 2020”
On the basis of technology, the market is categorized into Microencapsulation, Nanoencapsulation, and Hybrid Encapsulation. Microencapsulation technology grabbed the major market share and dominated the market in 2020. The quality of the ingredients in food products can be improved through microencapsulation. Through the use of this technology, the primary components are shielded from the outside environment and from cross-contamination with other ingredients during food processing. To provide nutrient-fortified foods with essential sensory qualities, microencapsulation masks the unpleasant taste of nutrients, such as minerals.
Amongst core phase, probiotics to witness a significant share in the market in 2020”
Based on the core phase, the market is segmented into Vitamins, Minerals, Enzymes, Organic Acids, Probiotics, and Others. The steam-generated category witnessed a higher CAGR during the forecast period. The probiotic segment is expected to witness the highest CAGR during the forthcoming years. Microencapsulation allows the combination of probiotics with materials promoting their growth and attachment in the intestine (prebiotics). It is, therefore, possible to develop optimum cocktails of probiotics and prebiotics in a single formulation called “symbiotic.” Many vitamins, plant extracts, and unsaturated fatty acids are of hydrophobic liquids; mixing such compounds in a hydrophilic food powder is done by encapsulation.
“Amongst application, functional food produtcs to hold a significant share in the market in 2020”
On the basis of application, the market is categorized as Dietary supplements, Function food products, Bakery products, and Others. Among these, bakery products grabbed a considerable market share in 2020. Food encapsulation finds application in bakery items as encapsulated sweeteners, which in turn is expected to augment global market growth. The advent of preservation techniques such as microencapsulation and nanoencapsulation technologies is expected to impact global market growth positively.
“North America to hold a significant share in the market”
North America is anticipated to grow at a substantial CAGR during the forecast period owing to the growing demand and product innovations in terms of quality, application, and product development. The demand for encapsulation is increasing in the region due to its growing use in the development of several products such as functional and fortified food products, packaged products, and nutraceutical products.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global Food Encapsulation market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Food Encapsulation Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global food encapsulation market were the three major steps undertaken to create and analyze the adoption of food encapsulation in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global food encapsulation market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the food encapsulation market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the food encapsulation market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as material, technology, core phase, and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the food encapsulation market. Further, we conducted factor analysis using dependent and independent variables such as material, technology, core phase, and application of food encapsulation. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Food Encapsulation market across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global food encapsulation market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the food encapsulation market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global Food Encapsulation market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global food encapsulation market. Data was split into several segments & sub-segments post studying various parameters and trends in the material, technology, core phase, and application in the global Food Encapsulation market.
The main objective of the Global Food Encapsulation Market Study
The current & future market trends of the global food encapsulation market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the Food Encapsulation market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of material, technology, core phase, and application.
- Define and analysis of the regulatory framework for the food encapsulation
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the food encapsulation market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the Food Encapsulation market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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