The global food encapsulation market is anticipated to register growth over the forecast period. Increasing health consciousness is expected to be a major driving factor in global market growth. Food encapsulation enables food ingredients to allow flavor retention and remove bad taste. Increasing consumer preference for healthy and convenient food is projected to have a positive impact on global market growth. Growing packaged food demand is expected to fuel global food encapsulation market growth. Changing lifestyle coupled with preference for ready-made food is anticipated to foster global market growth. Increasing application of food encapsulation in industries such as meat, poultry, beverages, and seafood is projected to further drive the global market growth.
Food encapsulation also finds application in confectionery items such as chewing gum and candies as encapsulated sweeteners, which in turn is expected to augment global market growth. Advent of preservation techniques such as microencapsulation and nanoencapsulation technologies is expected to impact global market growth positively. Heavy investment flow in food preservation industry coupled with rising need for food with disease prevention benefits is expected to remain complement the food encapsulation market growth. Maintaining the stability of encapsulated food is expected to challenge industry participants and hinder global market growth. Technological advancements in controlled delivery and release systems is projected to provide lucrative opportunities for market participants.
Asia Pacific is expected to emerge as the fastest growing region over the next six years owing to rapidly growing food processing companies. Countries such as China and India are expected to drive market growth for Asia Pacific owing to rising living standard and growing processed food industry. North America is projected to witness a sluggish growth rate due to market saturation in end-use industries. Europe is expected to exhibit a steady growth rate over the forecast period owing to increasing technological advancement in processed food industry of the region. Middle East and Africa are expected to witness a slow growth rate due to a lack of technological know-how and slow adaption by regional players.
Key players involved in the global food encapsulation market include Coating Place Inc., Advanced Bionutrition Corporation, Balchem Corporation, ABCO Industries Inc., Freisland Campina Kievit, Aveka Group, Blue California, Encapsys Microencapsulation, GAT Food Essential GMBH, Cargill Inc., Symrise AG, Lyco Red Ltd., and International Flavor & Fragrances Inc. Major industry players are involved in continuous R&D and launching new products in order to penetrate regional markets and strengthen their market presence.
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The demand for packaged and processed foods is expected to increase owing to their longer shelf life. Furthermore, manufacturers are closely monitoring the product supply to major retailers through specialized communication channels in order to improve restocking. In addition, processed food manufacturers have urged the packaging raw material suppliers as well as contract packers to ensure a steady flow of goods during the lockdown related to COVID-19. The report will account for Covid19 as a key market contributor.