Global Microencapsulated Food Ingredient Market size is estimated to reach $12.55Billion by 2026, growing at a CAGR of 6.87% during the forecast period 2021-2026. Microencapsulation is a technology that entraps sensitive core ingredients within the food or during food processing. These techniques involve the use of macromolecules to provide effective protection and extended shelf-life. Growing focus on manufacturing foods using encapsulation technologies, growing demand for innovative products among the young population, growing demand for food fortification, increase in the investment by the major players and growing demand for functional foods are the factors that are set to drive the growth of the global market for the forecast period 2021-2026.
Global Microencapsulated Food Ingredient Market Segment Analysis – By Captivation Technology
The Global Microencapsulated Food Ingredient Market based on the Captivation Technology can be further segmented into Spray, Emulsification, Dripping, and Others. The Spray segment held the largest share in 2020 owing to the factors such as it simplifies the food manufacturing processes by converting liquids to solid powder, thereby decreasing the production and handling costs. It also provides rapid evaporation and maintains a low temperature in the particles. Emulsification segment held the second-largest share in 2020 owing to the factors such as it decreases the size of dispersed particles, protects the surface of oil droplets and has an important effect on microencapsulation efficiency and final product stability.
Global Microencapsulated Food Ingredient Market Segment Analysis – By Shell Material
The Global Microencapsulated Food Ingredient Market based on the Shell Material can be further segmented into Polysaccharides, Proteins, Lipids, Emulsifiers, and Others. Polysaccharides segment held the largest share in 2020 owing to the maximum number of features making it useful in different applications for better durability. Emulsifiers segment held the fastest growing with a CAGR of 7.56% during the forecast period 2021-2026. This is owing to the factors such as growing end-user applications of emulsifiers, growing consumption of processed foods and rise in the inclination towards sedentary lifestyle among young population.
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Global Microencapsulated Food Ingredient Market Segment Analysis – By Geography
The Global Microencapsulated Food Ingredient Market based on the Geography can be further segmented into North America, Asia-Pacific, Europe, and Rest of World. North America held the largest share with 33.2% of market in 2020. The growth in this segment is owing to the factors such as growing demand for value-added products, rising focus on manufacturing functional foods using encapsulation technologies and increase in the investment by the major companies. Asia-Pacific is estimated to be the fastest-growing CAGR during the forecast period 2021-2026. This is owing to the factors such as growing demand for innovative products among the young population, increasing applications of microencapsulated products and increase in the product launches.
Global Microencapsulated Food Ingredient Market Drivers
Increase in the investment by the major companies and rise in the demand for functional foods
There is a rapid increase in the investment by the major companies owing to the growing demand for microencapsulation technologies. This led to rapid increase in the growth of Global Microencapsulated Food Ingredient Market. Increase in the demand for functional foods is also estimated to enhance the growth of the
Global Microencapsulated Food Ingredient Market.
Global Microencapsulated Food Ingredient Market Challenges
High costs associated with the microencapsulation process is one of the major factors that is estimated to reduce the growth of the Global Microencapsulated Food Ingredient Market. Moreover, high cost of research and development resources is making it difficult for the manufacturers to adopt microencapsulation technology, which is also said to reduce the growth of the Global Microencapsulated Food Ingredient Market.
Global Microencapsulated Food Ingredient Industry outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Global Microencapsulated Food Ingredient Market. Key companies of this market are BASF SE, Cargill Incorporated, DSM, Ingredion Inc, Kerry Group, Balchem Inc, ABCO Laboratories Inc, Frieslandcampina Kievit, GAT Food Essentials, Koninklijke DSM N.V., among others.
Acquisitions/Product Launches:
In 2020, DSM has launched two new high-quality lipid powders for infant nutrition, DHASCO®-B and ARASCO® powders, which contain microencapsulated food ingredients life’sDHA® and life’s™ARA.
In 2016, BASF SE has entered into a collaborative research agreement with University of California, Davis (UC Davis) for the development of new microencapsulation technology.
Key Takeaways
Geographically, North America Global Microencapsulated Food Ingredient Market account for the highest revenue share in 2020 and it is poised to dominate during the forecast period 2021-2026 owing to the high demand.
The increase in the demand for food fortification is likely to aid in the market growth of Global Microencapsulated Food Ingredient Market.
High costs associated with the microencapsulation process is one of the major factors that is estimated to reduce the growth of the Global Microencapsulated Food Ingredient Market.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Global Microencapsulated Food Ingredient Market report.
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