The global Food Encapsulation market estimated at US$11.40 Billion in the year 2022 is now projected to grow at a CAGR of 8.08% and reach US$18.17 billion by 2028.
The research report provides a comprehensive review of market trends (Technology, Product and Application analysis), market growth drivers, PEST Analysis (Political, Economic, Social and Technological Analysis) Market growth inhibitors, and strategic industry activities and SWOT Analysis of key players in the market. The report provides market estimates and forecast for geographic markets such as the North America (United States, Canada, Mexico and Rest of North America), South America (Brazil, Argentina Chile Colombia Peru Venezuela Ecuador and Rest of South America), Europe (Germany, France, U.K., Russia, Italy, Spain, Sweden, Netherlands, Poland, Austria, Belgium, Finland, Norway, Switzerland, Denmark, Czech Republic, Portugal and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Taiwan, India, Australia, Indonesia, Philippines, Malaysia and Rest of Asia-Pacific), Middle East (Iran, Turkey, Kuwait, UAE, Israel, Oman, Bahrain, Saudi Arabia, Qatar, Egypt and Rest of Middle East) & Africa.
North American food encapsulation market is expected to grow significantly over the forecast period 2022-2028. The region’s rapid urbanization and customers’ increasingly busy lifestyles are driving up demand for convenience foods with longer shelf life.
United States contributed around 78% of the total North American food encapsulation market. It is estimated to have a market value of US$3.06 billion in the year 2022. Among the other noteworthy geographic markets are Canada and Mexico, each forecast to grow at 6.17% and 4.69% respectively over the forecast period.
Asia Pacific food encapsulation market is anticipated to witness an upsurge owing to the increasing demand for processed food and the flourishing food and beverage industry, rapid urbanization, rising disposable income, and increasing living standards in the region. China is expected to dominate the Asia-Pacific market and reach a market size of US$2.51 billion by 2028.
Within Europe, Germany, France and Italy are the key countries responsible for the significant growth of the regional market. Germany is expected to grow at a fastest CAGR of 7.43% over the forecast period.
Meanwhile, the Middle East & Africa is expected to show limited growth due to the strong presence of under-developed countries in Africa who are still struggling to meet technology standards. However, any growth that the region experiences is expected to come from developing Middle Eastern nations such as Qatar, U.A.E, and Oman due to a similar growth pattern as the Asia Pacific.
Key players profiled in the report include ABCO Laboratories Inc.; Advanced BioNutrition Corporation; Aveka Inc.; Balchem Corporation; Cargill Inc.; Coating Place Inc.; Encapsys LLC; Firmenich Inc.; FrieslandCampina Kievit; LycoRed Ltd.; Maxx Performance Inc.; Royal DSM N.V.; Sensient Technologies Corporation; Symrise AG; Taste Tech Ltd. among others.
Research Methodology
