Global Food Encapsulation Market Report, published by Variant Market Research, forecast that the global market is expected to reach $52.4 billion by 2024 from $30.9 billion in 2016; growing at a CAGR of 6.8% from 2016 to 2024. By geography, Asia-Pacific and North America are expected to grow at a CAGR of 9.7% and 6.2%, respectively, during the forecast period.Encapsulation of food includes incorporation of active agents such as cells, enzymes, food ingredients into small capsules. This encapsulation procedure improves the stability, shields from moisture & heat, and preserves the viability of food materials. The market poses an increased growth trend owing to growing demand in various application areas.
"Food Encapsulation Market (By Core Phase:Vitamins, Minerals, Enzyme, Probiotics, Sweeteners, Organic Acids, Preservatives, Essential Oil, Prebiotics, Colours, Flavour and Essence, and other core phases; By Shell Material: Hydrocolloids, Lipids, Polymers, Melts, and Other Shell Materials (Composites); By Technology: Microencapsulation, Nanoencapsulation, Macroencapsulation, and Hybrid Technology; By Application: Bakery and Confectionery, Beverages, Functional Foods, Snacks/Convenience foods, Meat, poultry and seafoods, and Dairy and frozen desserts By Geography: North America, Europe, Asia-Pacific and RoW)Global Scenario, Market Size, Outlook, Trend and Forecast, 2015 – 2024"
Growing applications of food encapsulation to drive the growth ofthe global food encapsulation market
The factors supporting growth of the global food encapsulationmarket are growing acceptance of latest modernizations in food technology, growing functional food market, time limitations of consumers, and increase in consumer health consciousness. However, complicated process involved in sustaining the stability and long downtime for commercialization may act as a restraint for the growth of the market. Moreover, developments in encapsulating technology and emerging markets would provide several growth opportunities for the market in the future years.
Core phase, shell material, technology, application, and geography are the major segments considered in the global food encapsulationmarket. Core phase comprises vitamins, minerals, enzyme, probiotics, sweeteners, organic acids, preservatives, essential oil, prebiotics, colours, flavour and essence, and other core phases. The shell material includes hydrocolloids, lipids, polymers, melts, and other shell materials (composites). By technology, the market is segregated into microencapsulation, nanoencapsulation, macroencapsulation, and hybrid technology. The market is categorized by application into bakery and confectionery, beverages, functional foods, snacks/convenience foods, meat, poultry and seafoods, and dairy and frozen desserts. By geography, the global food encapsulationmarket has been segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW).
Vitamins accounted for the largest market share in thecore phase segment
Vitamins accounted for the largest market share in 2016, in the core phase segment, and are expected to continue its dominance during the forecast period 2016 – 2024, owing to increasing applications of vitamins in fortified and functional foods coupled with continuous advancements in encapsulated vitamin supplements.
Hydrocolloids accounted for the largest market share in the shell material segment
Global Food Encapsulation Market, by Shell Material
Hydrocolloids accounted for the largest market share in 2016, in the shell material segment, and are expected to continue its dominance during the forecast period 2016 – 2024, owing to wide usage of hydrocolloids in ingredient delivery systems, due to its properties such as solubility, potential for alteration, innate bioactivity, and biocompatibility.
Microencapsulationaccounted for the largest market share in thetechnology segment
Global Food Encapsulation Market, by Technology 2016 Vs 2024
Microencapsulation accounted for the largest market share in 2016, in the technology segment, and are expected to continue its dominance during the forecast period 2016 – 2024, owing to high adoption of microencapsulation, a preservation technique in food processing sector.
Bakery and confectioneryaccounted for the largest market share in the application segment
Global Food Encapsulation Market, by Application
Bakery and confectionery accounted for the largest market share in 2016, in the application segment, and are expected to continue its dominance during the forecast period 2016 – 2024, due to changing lifestyle coupled with preference to convenient food globally.
Europe dominated the global market with highest market share in 2016
GLOBAL FOOD ENCAPSULATION MARKET SHARE BY GEOGRAPHY, 2016 (%)
Europe dominated the global food encapsulationmarket with largest market share of 38.7% in 2016, owing to the growing developments in technologies used in the processed food sector.
The major players operating in the market are GAT Food Essentials GmbH, FrieslandCampina Kievit GmbH, LycoRed Limited, National Enzyme Company, Balchem Corporation, LIPO Technologies Inc., Symrise AG, Advanced BioNutrition Corporation, Kerry Group, and Cargill Inc., among others.