Food Encapsulation Market Worth $39.5 Billion by 2020
DALLAS, July 22, 2015 /PRNewswire/ --
This report "Food Encapsulation Market by Shell Material (polysaccharides, proteins, lipids, and emulsifiers), Technology (physical, physio-chemical and chemical), core phase, and by application (functional food, bakery & confectionery, convenient food, and dairy foods) - Global Trends & Forecast to 2020", published by MarketsandMarkets, This research report includes the market for food encapsulation used in functional foods, bakery & confectionery, convenient food, dairy products, and others. The market for Food Encapsulation is projected to reach a value of $39.5 Billion by 2020, growing at a CAGR of 6.1% from 2015.
Browse 86 market data Tables and 88 Figures spread through 220 Pages and in-depth TOC on "Food Encapsulation Market"
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The market report defines and segments the Food Encapsulation Market with analyses and projections of the market size, through shell material and technology. The market has been segmented on the basis of shell material, technology, core phase, and applications. The report also identifies the driving and restraining factors of the global market with an analysis of trends, opportunities, and challenges. The market is segmented and the market size is projected on the basis of key regions such as North America, Europe, Asia-Pacific, and Rest of the World (RoW). The key countries are covered, and the market size and trends are projected for each region.
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The global Food Encapsulation Market is driven by increasing demand for healthy, nutritious, and convenience food products. The global Food Encapsulation Market is driven by factors such as increased shelf life and enhanced bioavailability offered by food encapsulation technologies. The factors inhibiting growth of the market are the higher cost of food encapsulation technologies and relatively lower technological advances. The market has growth opportunities with consumers increasing demand for fresh flavourful food products.
North America dominates the global Food Encapsulation Market, while emerging economies in Asia-pacific show lot of untapped potential for this market in near future. Asia-Pacific is growing at the highest CAGR from 2015 to 2020. Asian countries, especially China, have emerged as leading destinations, facilitating the market shift from developed economies to developing economies. In relatively saturated markets such as the U.S. and Germany, value-based pricing and focus for cost-effective technology has emerged as a major strategy for companies looking to establish a strong foothold in these markets.
The pattern for the shell material use for encapsulation around the world reflects the encapsulation market. The trend is seen evidently in the regional break-up of the raw material market. North America, due to the high availability of shell materials such as hydrocolloid polysaccharide and emulsions, dominates the Food Encapsulation Market. In Asia-Pacific countries such as Japan, where the functional foods have been initially developed, is growing at a rapid pace in the development of food encapsulation.
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