The food microencapsulation market shall reach a value of US$ 13.3 Bn by 2030-end, concludes Future Market Insights’ recent report on the subject. Growing health and wellness concerns among consumers has augmented the demand for functional foods in recent years. Consequently, food manufacturers are looking for enhancing functionality of the health-boosting ingredients present in them. This search for preservation techniques is largely spearheading growth of the food microencapsulation market.
Furthermore, the human body requires a certain quantity of fat soluble vitamins in order to ensure proper functioning of body cells, tissues and functioning. These vitamin supplements are consumed in an encapsulated form, thereby increasing their demand within the pharmaceutical and nutraceutical industries.
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“Manufacturers are concentrating on boosting their R&D capabilities to introduce innovations in capsule designs which would aid in better preservation of essential vitamins and nutrients,” infers the FMI analyst.
Key Takeaways from FMI’s Microencapsulation Market Report
- Spray technology microencapsulation shall hold maximum sway throughout the forecast period
- Pharmaceutical & healthcare products will remain the dominant application area
- Rising demand for functional foods shall accelerate microencapsulation usage in the food & beverages sector
- North America will capture maximum revenue share from 2020-2030
- Global food microencapsulation to showcase ~10% CAGR until 2030
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Microencapsulation Market- Key Trends
- Surging sales of convenience and ready-to-eat foods is stimulating production of microencapsulated foodstuffs
- Vendors are touting academic collaborations with educational institutions to leverage the latter’s research facilities for developing new products
- However, high costs incurred in the research process shall hinder market development
- COVID-19 shall accelerate demand for functional foods, providing fertile ground for microencapsulation players
Microencapsulation Market- Region-wise Analysis
- Asia-Pacific shall offer lucrative growth prospects, with China and India being at the forefront
- High demand for healthy foods is driving growth in these regions
- North America shall remain in the driver’s seat, attributed to extensive usage across the pharmaceutical and food & beverages sector
- Germany, France and the U.K are the frontrunners of the European market
Microencapsulation Market- Competitive Landscape
Prominent market players in the microencapsulation market are concentrating on bolstering their research and development capabilities, partnerships and collaborations as well as product launches. An example is of BASF SA collaborating with the University of California, Davis in 2016 to investigate a patent-pending microencapsulation technology.
In August 2020, Symrise announced plans to launch Hydrolite 5P, a pharmaceutical grade pentylene glycol multifunctional ingredient. This will be primarily used to develop skincare products, attributed to its ability to effectively hydrate the skin layers and enhance their lifespan. Additionally, the ingredient is completely organic, derived from sugarcane waste.
Balchem Ingredient Solutions, another influential player, manufactures a host of bakery, beverage, dairy, meals and savory microencapsulation solutions. In the beverage segment, the company provides lipid based health & nutrition beverage bases. It also markets tea and lemonade bases, vitamin emulsions, coffee creamers and flavored specialty beverages formulations.
Lycored Corp. provides the Biotin 10% Vitamin B microencapsulated powder containing dibasic calcium phosphate, the CapsuDar Folic 25 LPS microencapsulated folic acid powder and the Vitamin B12 0.1% on Maltodextrin water dispersible trituration. All these are to be taken as dietary supplements.
Food Microencapsulation Market Taxonomy
Technology
- Emulsion
- Coating
- Spray Technologies
- Dripping
- Others
Coating Material
- Proteins
- Carbohydrates
- Gums & Resins
- Polymers
- Lipids
- Others
Application
- Pharmaceuticals
- Food and Beverages
- Household and Personal Care Products
- Agrochemicals
- Construction Material
- Textiles
- Paper and Printing
- Others
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Get Valuable Insights into Food Microencapsulation Market
Future Market Insights, in its report, presents an unbiased analysis of the global food microencapsulation market, covering historical demand data and forecast figures for the period between 2019 and 2029. The study divulges compelling insights into growth witnessed in the market, bringing to the fore the prominent dynamics which will shape future outlook. The report is an end-product of detailed qualitative and quantitative insights which enables readers to glean important information which would help shape their future business outlook.