Global Food microencapsulation Market to Reach US$ 13 Bn by 2029
The global food microencapsulation market is projected to reach US$ 13.3 Bn by the end of 2029. The market was valued at US$ 5.3 Bn in 2019. If these figures hold true, the market will exhibit a CAGR of 9.6% between 2019 and 2029. North America is expected to dominate the global food microencapsulation market in terms of revenue and is expected to continue its dominance over the forecast period. The COVID-19 pandemic has posed major obstacles to the health of people around the world. Its economic implications are widespread, in addition to its impact on healthcare. While the situation continues to develop, it has already might restrain the global food microencapsulation market to an extent.
KEY RESEARCH FINDINGS
- The global food microencapsulation market registered revenues worth US$ 5.3 Bn in 2019.
- Growth of the food microencapsulation market will be underpinned by increasing demand for household products and functional foods.
- Stakeholders continue to target pharmaceuticals industry for outsized returns.
- North America remains in driver’s seat in food microencapsulation market; Asia Pacific (APAC) to offer value-creation prospects.
- Manufacturing companies that incorporate food, surfactants, and pharmaceuticals their pipeline are poised to make material progress.
KEY FACTORS SHAPING FOOD MICROENCAPSULATION MARKET
High Adoption in Functional Foods
Functional food items require technologies to incorporate health-centric elements in food products without compromising their functionality or bioavailability. Food microencapsulation provides necessary shielding to these ingredients from extreme external conditions. The approach inhibits interaction of drug interactions with food material, and other drugs existing in the body. Several methods are utilized to develop microcapsules such as fluidized-bed coating, extrusion coating, spray drying, centrifugal, and suspension separation.
Pharmaceutical Industry Continue to Engage Market Players
At-scale technology intervention in pharmaceutical industry for regulated and sustained delivery of drugs is expected to offer conducive ground for food microencapsulation market players. Food microencapsulation is leveraged in masking taste, odor, and activities of encapsulated drug components. FMI finds that, adoption of food microencapsulation technology in pharmaceutical drugs would generate about 40% of total returns to shareholders over the decade ahead.
Market Growth to Stumble Amidst COVID-19 Pandemic
The impact coronavirus (COVID-19) pandemic on humankind and global economy has been significantly adverse. In an effort to flatten the curve, governments across the world are imposing nationwide lockdowns and mandating social distancing norms. This has resulted in steep decline in consumer spending that can further hit the profit margins of investors in food microencapsulation market. Prominent players are rethinking their business strategies in order to keep pace with evolving situation and demands. Driven by the uncertainty regarding the COVID-19 pandemic, players are making bold commitments to sustain their revenue pool.
FOOD MICROENCAPSULATION STRUCTURE ANALYSIS
- Leading players in food microencapsulation market are forming strategic partnerships and agreements with end-user industries, where they provide client-centric solutions.
- In addition, market players are increasingly investing in product innovation and R&D activities to capture meaningful business opportunities.
Base year considered
Actual estimates/Historical data
2015 - 2019
2020 - 2030
Market Value in 2019
US$ 13.3 Bn
Technology, Coating Material, Application.
North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA.
Reed Pacific and Aveka Inc., Lipo Technologies, GAT Food microencapsulation GmbH, GAT Food microencapsulation GmbH, and Microtek Laboratories.
Revenue forecast, company share, competitive landscape, growth factors, and trends
Leading Players Aim for Strategic Collaborations to Gain Competitive Strength
Companies operating in the food microencapsulation market are likely to make significant investment to boost their research and development efforts. In addition to these several among the leading players are keen on strategic collaborations. These companies are aiming at expanding their product portfolio through these partnerships. Furthermore, they are likely to engage in mergers and acquisition to consolidate market share while gaining competitive advantage. Through these tactics they strive at capitalizing on the potential of each other emerge in the coming days as a reckoning force on the market. For instance, in November 2016, BASF announced its plan of entering into a collaboration with the University of California to develop a new food microencapsulation technology. Such strategies adopted by the leading players will bode well for the market in the coming years.
North America is projected to Account for the Largest Market Share during the Forecast Period
North America constitutes the largest share in the market. The increasing use of food microencapsulation in nutrition, food, healthcare, and personal care industries will drive the market in North America. Spurred by this factor an increasing number of companies are using food microencapsulation process for manufacturing functional goods.
Due to the high penetration of the technique in the pharmaceutical and healthcare sectors, the US dominated the market in North America in terms of share. It is expected that the presence of key pharmaceutical players including Merck & Co, Johnson & Johnson, Pfizer, Bristol-Myers Squibb Company and Eli Lilly and Company will fuel growth in the country.
The UK, Germany, Italy and France accounted for the maximum sales in Europe due to the early adoption of end-use technologies. The presence of major pharmaceutical companies, including Roche, Novartis, and Bayer, has resulted in the introduction of quality drug delivery technologies, which in turn will create growth prospects for the food microencapsulation market.
* This data is only a representation. Actual data may vary and will be available in report.
Increase in Demand for Fortified Food Products with Health Benefits Likely in Coming Years
As demand for functional and fortified food& pharmaceutical products increases, the food microencapsulation market will grow. This includes the incorporation of minerals, vitamins, spices, essential oils and other ingredients into food products to improve product functionality. The pharmaceutical industry is also highly affected by food microencapsulation technologies because of the advantages the manufacturers have gained. In the pharmaceutical industry, other active ingredients such as peptides, enzymes, and DNA / RNA molecules are also encapsulated to meet market demand..
Mechanical micro encapsulation segment held the leading market share
Chemical segment forecast to higher rate of growth
Liquid segment holds dominance
Solid segment to rise at a higher CAGR
Pharmaceutical & healthcare products segment holds dominance
Household applications segment to rise at a higher CAGR
How Growth will Unfold
Steps taken by major pharmaceutical companies to develop advanced protective technology for drug delivery applications are positively driving global market growth. Furthermore, increasing health concerns among consumers resulting in increased demand from the food & beverage sector to improve the nutritional value of the products is another important factor driving the growth of the global food microencapsulation market. In addition, growing demand from the agrochemical and building sectors is another factor expected to help target market growth over the forecast period. Nonetheless, a major factor projected to hamper the growth of the global food microencapsulation market is the availability of substitutes. In addition, high cost associated with food microencapsulation process is another factor is expected to challenge growth of the target market.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Food Microencapsulation Market: Global Industry Analysis 2015-2019& Opportunity Assessment 2020-2030
A recent market study published by Future Market Insights on the food microencapsulation market offers global industry analysis for 2015-2019& opportunity assessment for 2020-2030. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters of the food microencapsulation market, the growth prospects of the market are obtained with maximum precision.
Food microencapsulation Market Taxonomy
The global food microencapsulation market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Spray technologies
- Gums and Resins
- Food and beverages
- Household and personal care products
- Construction materials
- Paper and Printing
- North America
- Latin America
- East Asia
- South Asia
The executive summary of the food microencapsulation market includes the market proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global food microencapsulation market.
Readers can find the detailed segmentation and definition of the food microencapsulation market in this chapter, which will help them understand basic information about the food microencapsulation market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the food microencapsulation market report.
The associated industry assessment of the food microencapsulation market is carried out in this section. The macroeconomic factors affecting growth of the food microencapsulation market are provided in this section and the impact of these macroeconomic indicators on the food microencapsulation market is analyzed. The processing overview and technological advancements in the food microencapsulation market is also provided.
Profit margins at each level of the food microencapsulation market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the food microencapsulation market.
The drivers and restraints impacting the growth of the food microencapsulation market are explained in this chapter. Opportunities and ongoing trends in the food microencapsulation market are also comprehensively discussed.
This chapter includes detailed analysis of the historical food microencapsulation market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030). Readers can also find the absolute $ opportunity for the current year (2019 - 2020) and incremental opportunity for the forecast period (2020-2030).
Based on Technology, the food microencapsulation market is segmented into Emulsion, Coating, Spray technologies, Dripping, and Others. In this chapter, readers can find information about key trends and developments in the food microencapsulation market and market attractiveness analysis based on raw material.
Based on Coating Material, the food microencapsulation market is classified into Proteins, Carbohydrates, Gums and Resins, Polymers, Lipids, and Others. This part also offers market attractiveness analysis based on Coating Material.
Based on Application, the food microencapsulation market is classified into Pharmaceuticals, Food and beverages, Household and personal care products, Agrochemicals, Construction materials, Textiles, Paper and Printing, and Others. This part also offers market attractiveness analysis based on Application.
This chapter explains how the food microencapsulation market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East and Africa.
This chapter includes a detailed analysis of the growth of the food microencapsulation market in North America, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on end users and countries in the North America region.
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the food microencapsulation market in Latin America. This chapter also includes growth prospects of the food microencapsulation market in leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
Important growth prospects of the food microencapsulation market based on its end users in several countries such as Germany, U.K., France, Italy, Spain, BENELUX, Nordic, Russia, Poland, and the Rest of Western Europe are included in this chapter.
In this chapter, readers can find information about key trends and developments in the key countries of South Asia such as India, Thailand, Malaysia, Indonesia, Singapore, and Rest of South Asia food microencapsulation market.
This chapter includes a detailed analysis of the growth of the food microencapsulation market in the East Asia region, along with a country-wise assessment that includes, Japan, China, and South Korea. Readers can also find regional trends, regulations, and market growth based on end users and countries in the APEJ region.
This chapter offers insights into how the food microencapsulation market is expected to grow in major countries in the Middle East region such as Australia and New Zealand, during the forecast period 2020-2030.
This chapter contains information about the market growth of food microencapsulation market in Middle East region such as GCC Countries, South Africa, North Africa, and the Rest of Middle East, during the forecast period 2020-2030.
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the food microencapsulation market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of leading manufacturers in the food microencapsulation market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Royal Friesland Campina, Syngenta Crop Protection, BASF SE, Koninklijke DSM, Givaudan, Firmenich, Symrise, International Flavors & Fragrances, Sensient Technologies, Lycored Corp., Balchem Corporation, Encapsys, Arcade Beauty, and Koehler Innovative Solutions, and Others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the food microencapsulation market report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the food microencapsulation market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- Dieticians Association
- Food and Agriculture Organization
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits