The Food Encapsulation Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Food Encapsulation Global Market Report 2024, The food encapsulation market size has grown strongly in recent years. It will grow from $39.04 billion in 2023 to $41.76 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to growing consumer awareness, rising demand for convenience foods, health and wellness trends, increasing consumer demand for functional foods, growing food and beverage industry.
The food encapsulation market size is expected to see strong growth in the next few years. It will grow to $54.42 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to innovations in ingredients and materials, global population growth, expanding applications in various industries, continued growth in the functional foods market, emphasis on sustainable and natural ingredients. Major trends in the forecast period include advancements in encapsulation technologies, technological advancements in encapsulation techniques, rising preference for convenience foods, sustainability concerns, customization and personalization.
The rising demand for fortified and functional foods is expected to propel the growth of the food encapsulation market. Fortified food has added nutrients that do not occur in the food naturally. Functional food reduces the risk of disease and promotes optimal health beyond basic nutrition. Fortified and functional foods are widely used in the food encapsulation market, as they offer added nutrients or healthy ingredients. For instance, in February 2023, Switzerland-based food and beverage processing company, Nestle, delivered 124.6 billion fortified servings of food and beverages through their popular brands, including Bear Brand, Cerevita, and Maggi.
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The food encapsulation market covered in this report is segmented –
1) By Technology: Micro Encapsulation, Nano Encapsulation, Hybrid Technology, Macro Encapsulation
2) By Shell Material: Polysaccharides, Proteins, Lipids, Emulsifiers, Other Shell Materials
3) By Core Phase: Minerals, Organic Acids, Vitamins, Enzymes, Probiotics, Additives, Essential Oils, Prebiotics, Other Substances,
4) By Application: Dietary Supplements, Functional Food Products, Bakery Products, Confectionery, Beverages, Dairy Products, Other Applications
Major companies operating in the food encapsulation market are focused on introducing next-generation solutions, such as smart nanocarriers. Smart nanocarriers are revolutionizing medicine by providing a smarter, more targeted way to deliver drugs and other therapeutic agents. For instance, in November 2022, Nulixir Inc., a US-based business-to-business (B2B) nanobiotechnology company launched nanovesicles. Nanovesicles are smart nanocarriers designed to boost the bioavailability of functional ingredients, mask their flavors, and control their release kinetics in the body. Nanovesicles revolutionize the food and beverage industry by optimizing the functionality of ingredients and addressing consumer demands for cleaner, greener, and healthier products. These technology for nanovesicles aims to address challenges such as taste, solubility, stability, and bioavailability of functional ingredients.
The food encapsulation market report table of contents includes:
1.Food Encapsulation Executive Summary
2.Food Encapsulation Market Characteristics
3.Food Encapsulation Market Trends And Strategies
4.Food Encapsulation Market analysis
5.Food Encapsulation Market Size And Growth
6.Food Encapsulation Segmentation
7.Food Encapsulation Regional And Country Analysis
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27.Food Encapsulation Competitive Landscape And Company Profiles
28.Food Encapsulation Key Mergers And Acquisitions
29.Food Encapsulation Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Cargill Incorporated
- BASF SE
- Nippon Steel & Sumitomo Metal Corporation
- Mitsubishi Chemical Corporation
- Blue California Company
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