Increasing consumer
preferences for healthy and convenient food products is projected to cause a
positive impact on the food encapsulation market. Growing consumption of junk
food with higher fat and lesser nutritional value has increased the incidences
of obesity and malnutrition across the globe. According to the World Health
Organization, approximately 2 billion people around the globe were anemic in
2018 and around 0.8 million deaths can be attributed to iron deficiency each
year. Fortified or encapsulated foods are meant to improve the nutritive value of
food items. Prevalence of cases of malnutrition and obesity are growing around
the world, and people are becoming more conscious while choosing food products.
Consumers are becoming more health-conscious and hence the demand for
nutrient-rich products has increased globally, which can be met through food
encapsulation technique. Food encapsulation enables the bad taste of food
ingredients to be removed or masked, and allows for flavor retention. Growing
demand for natural flavors and clean label foods are key factors for growth of
the food encapsulation market. The global food encapsulation market was valued
at $4.5 billion in 2018, and is expected to grow at a CAGR of 9.36% throughout
the forecast period of 2019-2025.
The food encapsulation
method helps in increasing the shelf life of food products, and their appeal with
improved color and taste. Growing demand for fortified and convenience foods is
boosting the food encapsulation market globally. Micro-encapsulation is a
process in which small-size particles are surrounded by a food-grade
biomaterial coating, and it is widely used to incorporate enzymes, cells, food
ingredients and other materials on a micro-scale. This encapsulation method is
extensively used to reduce dosage frequency and prevent the degradation of
pharmaceuticals. Spray drying is a widely used microencapsulation technique by
which sensitive materials such as proteins can be encapsulated. One of the most
important reasons for the encapsulation of active ingredients is to provide
improved stability to final products and during processing. Another benefit of
encapsulation is lesser evaporation and degradation of volatile actives such as
aroma. Furthermore, encapsulation is used to mask unpleasant feelings during
eating, brought about by the bitter taste and astringency of polyphenols. Since
encapsulated materials can protect food items from heat, moisture and other
extreme conditions, applications of this technique have grown in the food
industry. Changes in lifestyles are triggering the demand for processed and
ready-made meals which, in turn, is driving demand for food encapsulation.
Increasing consumer awareness and their increased spending on foods and
beverages, is fueling the demand for food encapsulation. Growing demand for packaged
foods is expected to fuel growth of this market. Rising consumer preferences
for healthy and convenient foods, owing to increasing health consciousness, is
projected to have a phenomenal impact on growth of the global food
encapsulation market. Increase in demand for encapsulated food ingredients such
as sweeteners in confectionery food items including chewing gums, chocolates,
and candies, in turn, is spurring demand for food encapsulation.
North
America Holding
Major Share of the Food Encapsulation Market
North America accounted
for 33% of the food encapsulation market in 2018. High availability of shell
materials such as emulsions and hydrocolloid polysaccharide in North America is
the factor driving growth of this market. In the U.S., according to the Food
and Drug Administration’s (FDA) fortification policy, 100 kilocalories of proteins,
minerals and vitamins are to be added per 2,000 kilocalories of food as a daily
standard. Increasing health awareness among people of different age groups of
the benefits of tasty and nutrient-rich food products is augmenting demand for the
food encapsulation market in this region.
The application segment
that will be creating the most lucrative opportunities for the food
encapsulation market is polysaccharide shell material, which is projected to
grow at a CAGR of 5.8% through to 2025. There is growing demand for
polysaccharides as encapsulating shell material to protect bioactive
ingredients and sensitive oils which, in turn, is spurring growth of the food
encapsulation market. Polysaccharides as shell material play a critical role in
the microstructure of food items owing to their abundance and property of structural
stability. Presence of reactive functional groups makes polysaccharides the carrier
matrices in food items. Polysaccharides as carrier molecules offer high
stability during the production of encapsulated food items which, in turn,
incites demand for the food encapsulation market.
Major
Players in the Food Encapsulation Market:
Prominent players in the
food encapsulation market include Appvion, Inc., AVEKA Group, Balchem
Corporation, BASF SE, Firmenich International SA, Givaudan SA, International
Flavors & Fragrances Inc., Koninklijke DSM N.V., Symrise AG, Sensient
Technologies Corporation, and TasteTech Ltd.
Mergers and acquisitions
are the key strategies adopted by market players to stay ahead of competitors. U.S.-based
chemical manufacturing company Balchem Corporation announced its acquisition of
Bioscreen Technologies, an Italy-based high-performance encapsulates and
fermented products manufacturer, in August 2018. With this acquisition, Balchem
enhanced its product portfolio and strengthened its ability to bring a broad
range of nutritional solutions to European customers. Swiss flavor and fragrant
products manufacturer Firmenich International SA announced its acquisition of Senomyx,
Inc., an American-based biotechnology company in November 2018. This
acquisition has strengthened Firmenich’s flavor and nutrition capabilities, and
created healthy and great tasting food for its customers around the globe. Such
acquisitions aid market players in expanding their geographical boundaries and accentuating
their footprint across the global food encapsulation market.
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