Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 12.46 Billion | USD 25.11 Billion | 8.1% | 2023 |
According to Zion Market Research, the global Food Encapsulation Market was worth USD 12.46 Billion in 2023. The market is forecast to reach USD 25.11 Billion by 2032, growing at a compound annual growth rate (CAGR) of 8.1% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Food Encapsulation industry over the next decade.
Food encapsulation is known as maintaining and preserving the shelf life of food items by improving flavour, taste and colour. It also helps to preserve and stabilise food products in their original state. These ingredients are important for the flavour, shelf life and taste of the finished products. Food suppliers, however need to work on integrating encapsulation technologies with wall material to enhance product life in a range of applications, such as animal feed products, drinks and dairy products. Thanks to the advent of this technology, food and beverage manufacturers have been able to sustain their goods for a longer period of time. Food encapsulation enables simple coating of food ingredients such as fats, raisins, acidulants, colours, and entire ingredients.
Key growth drivers in the global food encapsulation market are increasing the intake of functional foods and increasing consumer understanding of health. In addition, the rapidly growing demand for convenience food will still boost the global market in the future. The prevalence of diseases such as obesity and diabetes is rising all over the world, making people more mindful of their diet and drink choices. Consumers are becoming more mindful of wellbeing and as a result, the need for nutrient-rich goods has increased globally and can be fulfilled by food encapsulation. This is expected to help the global food encapsulation industry in the immediate future. However because of a busy life, people are opting for fast food. These foods fall into the category of ready-to-eat foods; they require a certain shelf life to maintain the flavour, taste and colour of the produce.
The global food encapsulation market is segregated on the basis of technology, material, core phase, and geography. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
The technology segment includes physicochemical process, physical process, and chemical process.
The material segment comprises emulsifiers, polysaccharide, shell material, lipids, proteins, and others.
The core phase segment consists of organic acids, flavors & essence, vitamins, probiotics, enzymes, colors, minerals, and others
The Regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Report Attributes | Report Details |
---|---|
Report Name | Food Encapsulation Market |
Market Size in 2023 | USD 12.46 Billion |
Market Forecast in 2032 | USD 25.11 Billion |
Growth Rate | CAGR of 8.1% |
Number of Pages | 110 |
Key Companies Covered | Encapsys Microencapsulation, ABCO Laboratories Inc., Firmenich Inc., Aveka Group, FrieslandCampina Kievit, and Cargill Inc, Advanced BioNutrition Corporation, Coating Place Inc., Balchem Corporation, and Blue California among others |
Segments Covered | By Technology, By Material, By Core Phase And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America contributed the highest market share to the global food encapsulation market. However, demand growth is poor due to the crowded market for end-products. Europe accounted for the highest market share as the fastest-growing country relative to the rest of the food encapsulation market. Asia Pacific is also emerging as the fastest growing economy in the country due to the booming food industries.
Some main participants of the food encapsulation market are-
Other major players include
Global Food Encapsulation Market: Technology Analysis
Global Food Encapsulation Market: Material Analysis
Global Food Encapsulation Market: Core Phase Analysis
FrequentlyAsked Questions
Major growth factors of the global food encapsulation market are increasing consumption of functional foods, and increase in health conscious consumers. In addition, rapidly increasing demand for convenience foods may also drive the global market in the future.
According to Zion Market Research, the global Food Encapsulation Market was worth USD 12.46 Billion in 2023. The market is forecast to reach USD 25.11 Billion by 2032, growing at a compound annual growth rate (CAGR) of 8.1% during the forecast period 2024-2032.
North America contributed the largest market share in the global food encapsulation market. However, growth in the market is sluggishly owing to saturated end-products market.
Some main participants of the food encapsulation market are Encapsys Microencapsulation, ABCO Laboratories Inc., Firmenich Inc., Aveka Group, FrieslandCampina Kievit, and Cargill Inc. Other major players include Advanced BioNutrition Corporation, Coating Place Inc., Balchem Corporation, and Blue California among others.
The Regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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