Global Food Encapsulation Market is Estimated to Reach $52 Billion by 2024, Says Accurize Market Research
Global food encapsulation market report published by Accurize Market Research forecast that the global market is expected to reach $52 billion by 2024; growing at a CAGR of 6.7% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
To browse the complete report, visit at https://www.accurizemarketresearch.com/report/food-encapsulation-market
Latest innovations in food technology, expanding functional food market as well as rise in consumer health consciousness to drive the growth of the market
Adoption of latest innovations in food technology,time constraints of consumers, and increase in applications of food encapsulationfuels the demand for the global food encapsulation market. Moreover,expanding functional food market as well as rise in consumer health consciousness also boosts the growth of the market.
Market Segmentation
The global food encapsulation market has been bifurcated on the basis of core phase, shell material, technology, application, and geography. Core phase includes vitamins, minerals, enzyme, probiotics, sweeteners, organic acids, preservatives, essential oil, prebiotics, colours, flavour and essence, and other core phases. Shell material is bifurcated into hydrocolloids, lipids, polymers, melts, and other shell materials (composites). Technology is further categorized as microencapsulation, nanoencapsulation, microencapsulation, and hybrid technology. Moreover, the market is segmented by application into bakery and confectionery, beverages, functional foods, snacks/convenience foods, meat, poultry and sea foods, and dairy and frozen desserts.
By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Mexico and Canada are covered under North America wherein Europe covers UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific covers China, India, Japan, and Rest of Asia-Pacific. Rest of the world (RoW) covers South America, Middle East and Africa.
“Vitamins accounted for the largest market share in the core phase segment ", says Accurize
By core phase segment, vitamins accounted for the largest market share in 2017 and are expected to continue its dominance during the forecast period 2017 – 2025, owing to increasing applications of vitamins in functional and fortified foods coupled with continuous advancements in encapsulated vitamin supplements.
Moreover, in the application segment, bakery and confectionery accounted for the largest market share in the year 2017 and are expected to continue its dominance during the forecast period 2017 – 2025, due to changing lifestyle coupled with preference to convenient food globally.
“Hydrocolloids accounted for the largest market share in the shell material segment", says Accurize
By shell material segment,hydrocolloids accounted for the largest market share in 2017and are expected to continue its dominance during the forecast period 2017 – 2025, owing to wide usage of hydrocolloids in ingredient delivery system, due to its properties such as potential for alteration, solubility, innate bioactivity, and biocompatibility.
Moreover, microencapsulation accounted for the largest market share in 2017, in the technology segment, and is expected to continue its dominance during the forecast period 2017 – 2025, owing to high adoption of microencapsulation, a preservation technique in food processing sector.
“Europe dominated the global market with the highest market share over the forecast period", says Accurize
In 2017, Europe accounted for the largest market share of 38.7%, owing to the growing developments in technologies used in the processed food sector.
Top players in the market
The key market players include LycoRed Limited, National Enzyme Company, LIPO Technologies, Symrise AG, Balchem Corporation, Cargill, Inc., Advanced BioNutrition Corporation, GAT Food Essentials GmbH, FrieslandCampinaKievit GmbH, and Kerry Group among others.
Contact Us
Stephen Jones,
Head - Sales
Accurize Market Research
K-129, PC COLONY, HANUMAN NAGAR,
KANKARBAGH, PATNA,
Tel: +91-612-2369997
Email: help@accurizemarketresearch.com