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Microencapsulated Food Ingredient Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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  • 100 Pages
  • February 2021
  • Region: Global
  • Mordor Intelligence
  • ID: 4515049
UP TO OFF until Mar 31st 2024
The global microencapsulated food ingredient market is projected to record a CAGR of 4.8% during the forecast period (2020 - 2025).
  • The market is primarily driven by the increasing applications of microencapsulated products across various industries, the growing demand for pharmaceutical and agrochemical products and the increasing demand for functional food products.
  • However, the high cost associated with the microencapsulation process, along with the high cost of research and development resources makes it difficult for a large number of market players to adopt the microencapsulation technology in various industries, which is hindering the market growth.

Key Market Trends

Growing Demand for Food Fortification

Owing to the growing need for tackling micronutrient deficiency, the demand for functional and fortified ingredients that are used for food and pharmaceutical products have shown significant growth in the global market. Microencapsulation is a suitable technology to provide controlled and targeted release of functional ingredients, thereby augmenting their bioavailability and at the same time providing food industries with ease of manufacturing. The technology also preserves the overall integrity of the food products by stabilizing the sensitive aspects, like flavor, appearance, and shelf-life, along with enabling conversion of liquid cores into powders and preventing the participation of undesirable reactions. Therefore, it results in fortifying food products without any degradation of sensitive ingredients.

North America Continues to Dominate the Global Market

The market for microencapsulation in the North American region, particularly in the United States, is driven by the growing demand and awareness about value-added products for various areas such as nutrition, food, healthcare, and personal care. Due to this awareness and increased demand, companies are focusing on manufacturing functional products with novel technologies such as microencapsulation. However, Asia-Pacific is expected to be the fastest-growing market due to the new product launches, geographical expansion, and increasing demand for specialized products among consumers.

Competitive Landscape

The global microencapsulated food ingredient market is competitive in nature having a large number of domestic and multinational players competing for market share. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. For instance, in June 2017, Balchem Corporation acquired Innovative Food Processors Inc. (IFP). IFP, a regional manufacturer of agglomerated microencapsulated flavor in North America, to integrate with the expertise solutions in flavor encapsulation research from IFP. Key players dominating the market include Cargill Inc., BASF SE, DSM, Ingredion Inc., FrieslandCampina Ingredients, and Balchem Inc., among others.

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Table of Contents

1.1 Study Deliverables and Study Assumptions
1.2 Scope of the Study
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5.1 By Captivation Technology
5.1.1 Spray technologies
5.1.2 Emulsion technologies
5.1.3 Dripping technologies
5.1.4 Others (Coating, Physicochemical, and Chemical technologies)
5.2 By Application
5.2.1 Vitamins and Minerals
5.2.2 Enzymes
5.2.3 Additives
5.2.4 Probiotics and Prebiotics
5.2.5 Essential oils
5.2.6 Other Applications
5.3 By Geography
5.3.1 North America United States Canada Mexico Rest of North America
5.3.2 Europe Germany United Kingdom Russia France Spain Italy Rest of Europe
5.3.3 Asia-Pacific China Japan Australia India Rest of Asia Pacific
5.3.4 South America Brazil Argentina Rest of South America
5.3.5 Rest of the World
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Position Analysis
6.4 Company Profiles
6.4.1 BASF SE
6.4.2 Cargill Incorporated
6.4.3 Koninklijke DSM NV
6.4.4 Ingredion Inc.
6.4.5 FrieslandCampina Ingredients
6.4.6 Balchem Inc.
6.4.7 GAT Food Essentials GmbH
6.4.8 Lycored

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Cargill Incorporated
  • Koninklijke DSM NV
  • Ingredion Inc.
  • FrieslandCampina Ingredients
  • Balchem Inc.
  • GAT Food Essentials GmbH
  • Lycored