Food Encapsulation Market
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Food Encapsulation Market size valued at USD 41 billion in 2022 and is anticipated to exhibit 6.5% CAGR from 2023 to 2032.
The influx of on-the-go snacking and busy lifestyles mainly in North America will drive the industry growth. The challenges of limited time for meal preparation and consumption has compelled people to seek out snacks for quick and easy intake without sacrificing the nutrition and taste. Hence, the demand for encapsulated foods is growing as they are portable and easy to consume. The surging consumer awareness regarding the consumption of natural supplements will also anchor the preference for food encapsulation techniques.
Report Attribute | Details |
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Base Year: | 2022 |
Food Encapsulation Market size in 2022: | USD 41.10 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 - 2032 CAGR: | 6.5 |
2023 Value Projection: | USD 77.8 Billion |
Historical Data for: | 2018 to 2022 |
No of Pages: | 270 |
Tables, Charts & Figures: | 345 |
Segments Covered: | Application and Region |
Growth Drivers: |
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Pitfalls Challenges: |
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The escalating production costs associated with encapsulated food ingredients is likely to boost the food encapsulation market growth. As encapsulation technology comprises multiple complex processes, it leads to various additional costs. Hence, the escalating production charges of encapsulated food ingredients can limit their usage by food manufacturers. Higher investment costs are another challenge restricting the technology demand to some extent.
Food encapsulation market size from the micro encapsulation type segment is poised to observe more than 6% CAGR through 2032. The demand for micro encapsulation is soaring considerable heights as it helps to protect food ingredients, including colors, flavors, and nutrients from degradation in instances of storage, processing, and distribution. This technology also provides improved quality and longer shelf life for food products. Growing preference among manufacturers and consumers will further add to the industry expansion.
Based on core phase, the food encapsulation market size from the vitamins segment will exceed USD 13.9 billion by 2032. The rising consumer interest towards health and wellness has made way for the growing intake of food products that comprise added vitamins among other nutrients. In recent years, minerals have picked prominent ground given their benefits in the optimal functioning of the immune system. To that end, the growing deployment of encapsulation technology to offer the efficient delivery of vitamins while ensuring their stability and retained potency will contribute to the market expansion.
Asia Pacific food encapsulation market share is slated to cross USD 16.7 billion by 2032. The strong presence of a vast and fast-growing population in the region has stirred the higher demand for food products. According to the UNFPA (UN Population Fund), the total population in India is set to increase to over 1.5 billion in 2030, from more than 1.4 billion in 2022. The rising rate of urbanization has also pushed the preference for convenience foods, further accelerating the adoption of encapsulated food ingredients.
Some of the key companies in the food encapsulation market include:
Apart from focusing on technological advancements, these firms are actively adopting several collaboration initiatives to expand their global presence.
Market, By Type
Market, By Core Phase
Market, By Technology
Market, By Shell Material
The above information has been provided for the following regions and countries:
The market size of food encapsulation recorded more than USD 41 billion revenue in 2022 and is poised to witness over 6.5% CAGR from 2023 to 2032, due to the influx of on-the-go snacking and busy lifestyles mainly in North America.
Asia Pacific industry share is slated to reach USD 16.7 billion by the end of 2032, attributed to the strong presence of a vast and fast-growing population in the region.
Cargill, FrieslandCampina Kievit, Firmenich SA, Royal DSM, BASF SE, Symrise AG, Kerry Group, Ingredion Incorporated, Lycored Group, Sensient Technologies Corporation, Balchem Corporation, and AVEKA Group are a few major food encapsulation providers.
The micro encapsulation type segment is expected to grow at 6% CAGR during 2023 to 2032, owing to the rising need to protect food ingredients, including colors, and flavors.