The Microencapsulated Food Ingredient Market is expected to grow at a CAGR of 6.9% during the forecast period.
Some of the key factors propelling market growth include increasing applications of microencapsulated products across various industries, growing demand for pharmaceutical and agrochemical products and 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 are identified as key factors hindering market growth.
Microencapsulation is a technology that entraps a sensitive core ingredient within a wall material in order to stabilize the ingredient within the food or during food processing.
Because of the susceptibility of the core ingredient to environmental changes (e.g., oxygen, pH, temperature, moisture and light), different encapsulation techniques (e.g., spray drying, spray chilling, fluidized-bed coating, freeze drying, liposome and concertation) have been developed to entrap the sensitive core materials (e.g., flavors, probiotics, omega fatty acids and enzymes).
These techniques involve the use of macromolecules, in order to provide effective protection, an increased storage stability, extended shelf-life, controlled delivery, as well as optimized flavor and texture of final products.
By shell material, the polysaccharide segment is anticipated to grow at a significant rate during the forecast period, due to its universal usage across various industry sectors.
The polysaccharides have enhanced biocompatibility, solubility, modification potential and innate bioactivity, which make it a popular choice of shell material.
On the basis of geography, Asia-Pacific is expected to be the significant-growing market due to the new product launches, geographical expansion and increasing demand for specialized products among consumers.
The food & agriculture sector is one of the major contributors to economies in the region. In addition to this, government initiatives to promote technological advancements in this region are also one of the key factors to the growth of microencapsulated food ingredient market.
Some of the key players in microencapsulated food ingredient market include International Flavors and Fragrances Inc., Cargill, Royal DSM, BASF SE, Balchem Inc., GAT Food Essentials GmbH, Coating Place Inc, Kerry Group, Lycored Group, National Enzyme Company, Ingredion Incorporated, ABCO Laboratories Inc and Frieslandcampina Kievit.
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