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  • Published On : Sep 2022
  • Code : CMI3673
  • Pages :120
  • Formats :
      Excel and PDF
  • Industry : Food and Beverages

Food encapsulation is used to sustain the release of flavours of ingredient and is widely used across pharmaceuticals, food, textile personal care, chemical, and other industries. Food encapsulation enhances the taste of the food products, increases shelf-life, and quality of the food. Its prime function is to mask and protect the quality of the food product. In the chemical industry, it is used to develop the solvents and in the pharmaceutical industry, it is used to increase the flexibility of drug delivery while maintaining regulatory demands. Across the textile industry, it is used to improvise the release of fragrances, repel the insects and microbial formation.

Food encapsulation market was valued at US$ 6.8 Billion in 2021 in terms of revenue, exhibiting a CAGR of 7.5% during the forecast period (2022 to 2030).

Drivers

Increasing research and development for new processing of food encapsulation technologies is propelling the market growth of encapsulation technologies across various end-use industries. Moreover, companies are also investing in the field of nanotechnology, and food chemistry & formulation to cater to the rising demand for nutritional, infant nutrition products, and sports beverages products in the food industry. This is projected to drive the market growth.

Growing demand for natural flavors and clean label products is expected to propel the market growth of food encapsulation. Rising focus of manufacturer over safety, natural origin, high quality, and long shelf life coupled with the increasing demand for fortified and convenience food due to the hectic lifestyle of the population is further projected to foster the growth of food encapsulation market over the forecast timeframe.

The impact of the COVID-19 pandemic on the food encapsulation market is projected to be significant due to supply chain disruptions. The global market is highly dependent on various raw materials and formulations such as polysaccharides, proteins, lipids, and emulsifiers. However, this trend is changing and food encapsulation market is again coming back on track.

Regionally, Asia-pacific dominated the global food encapsulation market in 2021, reporting 32% market share in terms of revenue, followed by Europe and North America, respectively.

Figure 1. Global Food Encapsulation Market Value Share (%), By Region, 2021

FOOD ENCAPSULATION MARKET

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Market Restraints

Additional costs incurred during production are projected to hamper the market growth of food encapsulation. The high cost of production is a major concern among manufacturer and this is expected to restrict the adoption of food encapsulation. This, in turn, is projected to restrict the market growth of food encapsulation.

Issues associated with the stability of encapsulates due to fluctuation in the supply of ingredients across the food industry is expected to propel the market growth of food encapsulation. Strict regulations regarding food processors and thus, compliance with these regulations is another major concern. This is expected to hinder the market growth of food encapsulates over the forecast period.

Food Encapsulation Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 6.8 Bn
Historical Data for: 2017-2020 Estimated Year: 2022
Forecast Period 2022 to 2030 CAGR: 7.5% Forecast Period: 2022-2030
Geographies covered:
  • Region: North America, Latin America, Europe, Asia Pacific, Middle East & Africa
Segments covered:
  • By Application: Dietary Supplements, Functional Food, Bakery Products, Confectionery Beverages, Frozen Products, Animal Nutrition, Dairy Products, Others
  • By Technology: Physical (Emulsification, Spray Drying, Spray Chilling/Cooling, Centrifugal Extrusion, Others), Chemical (Coacervation, Freeze Drying, Supercritical Fluid Technique, Nanoprecipitation, Liposomes, Others
  • By Core Material: Flavoring Agents, Acids, Bases, and Buffers, Lipids, Enzymes & Microorganisms, Amino Acids & Peptides, Vitamins & Minerals, Antioxidants, Others (Artificial Sweeteners, and Leavening Agents)
  • By Wall Material: Carbohydrates, Proteins, Lipids & Waxes
Companies covered:

TasteTech Ltd., Givaudan SA ADR, Sensient Technologies Corporation, Balchem Corporation, International Flavors & Fragrances Inc., BASF SE (ADR), Symrise AG, Appvion, Inc., AVEKA Group, Firmenich International SA, and Koninklijke DSM N.V.

Growth Drivers:
  • Increasing research and development for the development of new processing technologies
  • Rising demand for food encapsulation
Restraints & Challenges:
  • Additional costs incurred during production

Market Trends

Rising investment by major players in the encapsulation technology in order to expand their presence is expected to accelerate the market growth of food encapsulation. The rising trend of carbohydrate-based matrix encapsulation is due to their wide usage across applications such as confectionery and functional food products that are expected to foster market growth. Pectin and starch are commonly used carbohydrates in the food industry. Hence, carbohydrate-based matrix capsulation is gaining popularity and this will favor the market growth over the forecast period.  

Figure 2. Global Food Encapsulation Market Value Share (%), By Wall Material, 2021

FOOD ENCAPSULATION MARKET

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On the basis of wall material, carbohydrates dominated the global food encapsulation market in 2021 with around 66% of market share in terms of revenue, followed by proteins and lipids & waxes, respectively.

Recent Developments

  • In April 2022, TasteTech Ltd., a food encapsulation company worked with the University of Nottingham to investigate how the encapsulation technology could help people who have lost their smell or taste
  • In June 2022, Balchem Corporation, food encapsulation company announced that it completed its acquisition of Kappa Bioscience AS, a leading science-based manufacturer of specialty vitamin K2 for the human nutrition industry, headquartered in Oslo, Norway.
  • In April 2022, Balchem Corporation released its 2021 Sustainability Report, which captures the company’s commitment to managing Environmental, Social and Governance performance.

Competitive Section

Key players operating in the global food encapsulation market include TasteTech Ltd., Givaudan SA ADR, Sensient Technologies Corporation, Balchem Corporation, International Flavors & Fragrances Inc., BASF SE (ADR), Symrise AG, Appvion, Inc., AVEKA Group, Firmenich International SA, and Koninklijke DSM N.V.

Frequently Asked Questions

Global food encapsulation market was valued at around US$ 6.8 Billion in 2021.

Increasing research and development for the development of new processing technologies is propelling the market growth of encapsulation technologies across various end-use industries. 

Rising investment by major players in the encapsulation technology in order to expand their presence is expected to accelerate the markt.

Additional costs incurred during production are projected to hamper the market.

Key players operating in the market include TasteTech Ltd., Givaudan SA ADR, Sensient Technologies Corporation, Balchem Corporation, International Flavors & Fragrances Inc., BASF SE (ADR), Symrise AG, Appvion, Inc., AVEKA Group, Firmenich International SA, and Koninklijke DSM N.V. 

The market is estimated to grow at around 7.5% CAGR in the forecast period (2022-2030).

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