Microencapsulated Fish Oil Market Overview
The global demand for microencapsulated fish oil is anticipated to increase at a CAGR of around 5% to 6% between 2022 and 2032, generating considerable revenues by the end of the forecast period. Growth is attributed to the rising demand for healthy food products across the world.
Microencapsulation has become one of the most commonly employed methods of protecting and increasing shelf life of various healthy food products.
Fish oil is susceptible to oxidative degradation, which can generate undesirable lipid peroxides and other oxidation products. These products pose health risks, cause fishy odor and taste, reduce shelf-life stability, and therefore degrade the overall quality. In order to overcome this problem, microencapsulation of fish oil using techniques like spray drying, ultrasonication, coacervation and membrane emulsification are employed across food and pharmaceutical industries.
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Microencapsulation is the process of surrounding tiny particles or droplets of active ingredients by a coating to maintain the physical, functional and biological properties of the ingredients, and avoid unwanted physical and chemical reactions.
Microencapsulation of fish oil helps to prevent fishy taste and smell, enhances stability, protects nutrients, and increases shelf life of fish oil products. By using this technique food manufacturers and pharmaceutical companies can easily manufacture a multitude of food products and supplements based on fish oil without affecting the taste and quality of the end use products.
Rising demand for microencapsulated fish oil-based food products and dietary supplements is one of the major factors driving the global microencapsulated fish oil market.
Microencapsulated fish oil has gained a lot of traction across food and dietary supplement industries due to its various benefits including high omega-3 content, long shelf life and superior stability. It has become an essential product for improving cardiovascular health and preventing numerous diseases.
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Which are the Drivers Boosting the Microencapsulated Fish Oil Market?
Rising demand for microencapsulated fish oil across diverse end-use industries such as food and beverages, nutraceutical, dietary supplements and pharmaceuticals is the major factors behind the robust expansion of microencapsulated fish oil market.
The intake of fish oil has significantly increased in human diets during the last few years as it provides various health benefits. However, this fish oil is prone to oxidation, which is restricting its adoption across food industry.
The oxidation of fish due to external factors spoils the aroma, taste and quality of food products, which can have adverse effects on human health. As a result, people have rapidly shifted their preference towards microencapsulated fish oil. This is providing a major impetus to the growth of microencapsulated fish oil market and the trend is likely to continue in the future.
Today people are more inclined towards consuming microencapsulated fish oil-based food products and supplements to prevent diseases and enhance their health conditions. Various studies have confirmed that microencapsulation of fish oil significantly optimizes oxidative stability and improves the retention of omega-3 into food products.
The rapid growth of food industry coupled with increasing health awareness among consumers regarding the benefits of microencapsulated fish oil will continue to provide a strong thrust to the growth of microencapsulated fish oil market during the forecast period.
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Microencapsulated fish oil is a rich source of omega-3 fatty acids which are essential nutrients for improving eye and heart health and preventing various diseases. Growing consumer inclination towards consuming microencapsulated fish oil products is prompting food and dietary supplement manufacturers to incorporate microencapsulated fish oil in their products.
Driven by this, sales of microencapsulated fish oil are slated to grow at a robust pace during the forecast period. Similarly, microencapsulated fish oil is also being incorporated into baby food products due to its various benefits.
The pharmaceutical industry is expected to accrue significant benefits to the global microencapsulated fish oil market. It is one of the most extensively researched supplements across pharmaceutical industry and is generally used for its better efficacy in reducing the risk of heart diseases and musculoskeletal degeneration.
Moreover, it has also gained significant traction for the treatment of inflammatory and neurotic pain during the last few years.
What are the Challenges Faced by the Microencapsulated Fish Oil Industry?
Despite its optimistic stance, the global microencapsulated fish oil market is likely to face several challenges over the forecast period. Some of these factors are the growing adoption of plant-based products and lack of awareness about microencapsulated fish oil across various developing and underdeveloped regions.
What Makes North America a Global Leader in Microencapsulated Fish Oil Market?
Owing to the rising consumer inclination towards using fish oil supplements, presence of leading market players and growing popularity of encapsulation techniques for preserving food products, North America will continue to lead the global microencapsulated fish oil market over the forecast period.
Demand for microencapsulated fish oil is witnessing substantial increase in countries such as the United States, Canada and Mexico due to rising consumption of fish oil supplements. People living across these countries consume large amounts of fish oil supplements to improve their health and prevent diseases. It has been found that consumption of microencapsulated fish oil can significantly improve heart and eye health.
Similarly, exponential growth of food and beverage industry coupled with growing adoption of encapsulated fish oil for making a variety of food products will continue to boost the sales of microencapsulated fish oil across the North American region.
Why is Demand for Microencapsulated Fish Oil Surging Across Asia Pacific?
According to Future Market Insights, Asia Pacific is anticipated to grow at a faster CAGR over the forecast period, owing to the rising demand for healthy food products and supplements, growing health awareness among people, presence of various domestic and regional players, and rapid expansion of food industry.
Most of the food manufacturers and pharmaceutical companies based in Asia Pacific countries like Chin and India are incorporating microencapsulated fish oil in their products to woo more and more consumers. Increasing consumption of these microencapsulated fish oil-based food products and dietary supplements is a major force driving the Asia pacific microencapsulated fish oil market.
Subsequently, increase in the number of fitness enthusiasts along with rising consumer focus towards using healthy products will further generate growth opportunities for the market players in the future.
Market Competition
Some of the key participants present in the global microencapsulated fish oil market include Clover Corporation Limited, The Wright Group, BASF SE, Stepan Specialty Products LLC, Koninklijke DSM N.V., Microbeicaps, PR LABS, Arjuna Natural Ltd., and Nordic Naturals Inc., among others.
The global microencapsulated fish oil market is highly competitive in nature with leading market players continuously focusing on developing new innovative microencapsulation techniques. Furthermore, they have adopted growth strategies such as new product launches, partnerships, acquisitions, and move towards online shopping platforms to increase sales and expand their global footprint.
