Microencapsulated Food Ingredient Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.80 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Microencapsulated Food Ingredient Market Analysis
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.
Microencapsulated Food Ingredient Market Trends
This section covers the major market trends shaping the Microencapsulated Food Ingredient Market according to our research experts:
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.
Microencapsulated Food Ingredient Industry Overview
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.
Microencapsulated Food Ingredient Market Leaders
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BASF SE
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Cargill Incorporated
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DSM
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Ingredion Inc.
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FrieslandCampina Ingredients
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Balchem Inc.
*Disclaimer: Major Players sorted in no particular order
Microencapsulated Food Ingredient Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables and Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Captivation Technology
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5.1.1 Spray technologies
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5.1.2 Emulsion technologies
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5.1.3 Dripping technologies
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5.1.4 Others (Coating, Physicochemical, and Chemical technologies)
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5.2 By Application
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5.2.1 Vitamins and Minerals
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5.2.2 Enzymes
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5.2.3 Additives
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5.2.4 Probiotics and Prebiotics
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5.2.5 Essential oils
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5.2.6 Other Applications
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5.3 By Geography
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5.3.1 North America
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5.3.1.1 United States
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5.3.1.2 Canada
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5.3.1.3 Mexico
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5.3.1.4 Rest of North America
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5.3.2 Europe
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5.3.2.1 Germany
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5.3.2.2 United Kingdom
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5.3.2.3 Russia
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5.3.2.4 France
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5.3.2.5 Spain
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5.3.2.6 Italy
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5.3.2.7 Rest of Europe
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5.3.3 Asia-Pacific
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5.3.3.1 China
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5.3.3.2 Japan
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5.3.3.3 Australia
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5.3.3.4 India
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5.3.3.5 Rest of Asia Pacific
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Rest of the World
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Position Analysis
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6.4 Company Profiles
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6.4.1 BASF SE
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6.4.2 Cargill Incorporated
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6.4.3 Koninklijke DSM NV
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6.4.4 Ingredion Inc.
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6.4.5 FrieslandCampina Ingredients
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6.4.6 Balchem Inc.
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6.4.7 GAT Food Essentials GmbH
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6.4.8 Lycored
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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8. IMPACT OF COVID-19 ON THE MARKET
Microencapsulated Food Ingredient Industry Segmentation
The microencapsulated food ingredient market is segmented by captivation technology into spray technology, emulsion technology, dripping technology, and others such as coating, physicochemical, and chemical technology; and by application into vitamins and minerals, enzymes, additives, probiotics and prebiotics, essential oils, and other applications. Also, the study provides an analysis of the microencapsulated food ingredient market in the emerging and established markets across the world, including North America, Europe, Asia-Pacific, South America, and the Rest of the World.
| By Captivation Technology | |
| Spray technologies | |
| Emulsion technologies | |
| Dripping technologies | |
| Others (Coating, Physicochemical, and Chemical technologies) |
| By Application | |
| Vitamins and Minerals | |
| Enzymes | |
| Additives | |
| Probiotics and Prebiotics | |
| Essential oils | |
| Other Applications |
| By Geography | |||||||||
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| Rest of the World |
Microencapsulated Food Ingredient Market Research FAQs
What is the current Microencapsulated Food Ingredient Market size?
The Microencapsulated Food Ingredient Market is projected to register a CAGR of 4.80% during the forecast period (2024-2029)
Who are the key players in Microencapsulated Food Ingredient Market?
BASF SE, Cargill Incorporated, DSM, Ingredion Inc., FrieslandCampina Ingredients and Balchem Inc. are the major companies operating in the Microencapsulated Food Ingredient Market.
Which is the fastest growing region in Microencapsulated Food Ingredient Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Microencapsulated Food Ingredient Market?
In 2024, the North America accounts for the largest market share in Microencapsulated Food Ingredient Market.
What years does this Microencapsulated Food Ingredient Market cover?
The report covers the Microencapsulated Food Ingredient Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Microencapsulated Food Ingredient Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Microencapsulated Food Ingredient Industry Report
Statistics for the 2024 Microencapsulated Food Ingredient market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Microencapsulated Food Ingredient analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
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