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The food encapsulation technology market value is estimated to reach $26,208.3 million by 2018, with a projected CAGR of 6.2% from 2013 to 2018. On the other hand, the food encapsulation shell material market is estimated to grow at a CAGR of 4.5% from 2013 to 2018 to reach $8,536.4 million by 2018.
Encapsulation is a method to entrap the core phase material into shell material. Food encapsulation technology has enabled the F&B industry to overcome challenges involving taste, color, and nutrition, and preservation of the food product, mainly through its ability to make easy coating of food particles or ingredients such as acidulants, fats, flavors, and whole ingredients such as raisins or nuts. Factors such as growing consumer preferences towards consuming convenient packaged food & beverages is helping the global industry to grow. Increasing innovations in the industry help to bring down the cost and launch new technologies with different formulations for various applications.
The global food encapsulation shell material market value was $6,853.3 million in 2013 and is projected to reach $8,536.4 million by 2018, growing at a CAGR of 4.5% from 2013 to 2018. The end-use product sectors are exhibiting buoyant growth driven by rising population and disposable incomes. The global market was dominated by the functional foods segment while the meat, poultry, and seafood segment exhibits rapid gains. Shifts in consumer's buying decisions have lead to a rise in demand for foods such as quick/ready-to-eat meals, health-promoting functional foods, fortified foods, etc.
The global market consists of various stakeholders such as raw material providers, ingredient processors, research institutes, food and beverage companies, traders, distributors, and consumers. The companies enjoying substantial market share are Balchem Corporation (U.S.), LycoRed Ltd. (Israel), Symrise AG (Germany), Sensient Technologies Corporation (U.S.), and International Flavors and Fragrances Inc. (U.S.). The top five players accounted for a share of around 20% in the total food encapsulation market depicting the high number of competitive companies in the industry. The key players of the industry are launching innovative technologies and increasingly expanding in emerging economies to gain market share.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Addressable Market
5 Industry Analysis
6 Market Overview
7 Global Food Encapsulation Market, By Core Phase
8 Global Food Encapsulation Market, By Shell Material