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Food Encapsulation Market Size

Report ID: GMI1203
Published Date: Apr 2023
Report Format: PDF

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Food Encapsulation Market Size

Food Encapsulation Market size valued at USD 41 billion in 2022 and is anticipated to exhibit 6.5% CAGR from 2023 to 2032.

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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.

Food Encapsulation Market Report Attributes
Report Attribute	Details
Base Year:	2022
Food Encapsulation Market Size in 2022:	USD 41.10 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	6.5%
2032 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:	North America: Increasing consumer demand for functional foods Europe: Increasing demand for clean label products Asia Pacific: The Asia Pacific region has a large and growing population, which is driving demand for food products
Pitfalls & Challenges:	High cost of food encapsulation technologies

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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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

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.

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.

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.