Microencapsulated Food Ingredients Market Outlook:
Microencapsulation is useful technique in protecting the integrity of food ingredients such as vitamins, flavors, water, and salts. Microencapsulation can aid the incorporation of ingredients that are not in their original state, in desirable form by modifying the nature of substance. Microencapsulated food ingredients is useful in enhancing the sustainability of the food products.
Different technologies use for microencapsulation such as dripping, spray, emulsion, and other technologies. Microencapsulation food ingredients market is expected to grow rapidly in forecast period because use of microencapsulated food ingredients is rising in food and beverage, nutraceutical and pharmaceutical industry. The high cost associated with microencapsulation process as well as high cost of research and development are the important factors which can hinder the growth of microencapsulated food ingredients market.
Rising Demand for Fortified Food Products with Various Health Benefits
Food fortification is the enhancement of daily foods with proteins, vitamins, and other micronutrients, essentially giving the products a ‘high-protein’ label. The demand for fortified food is increasing from consumer due to various factors such as increasing awareness about mindful living, importance of nutritious food, and increasing disease prevalence. Protein-oriented foods help to maintain good health.
The use of microencapsulated food ingredients is rising by food manufacturers as it provides integration of vitamins, minerals, essential oil, flavor, and other additives in food products. Microencapsulated food ingredients enhance the functional properties of food products. Microencapsulated food ingredients help to increase the shelf life of food products. Microencapsulated food ingredients is the proper option to achieve targeted delivery of nutrients, aside from delivering the value added ingredients in a user friendly and convenient way.
Poor children and adults suffer from malnutrition and deficiencies in many countries due to which governments of various countries are focusing on food fortification programs. In food fortification programs, microencapsulated food ingredients used widely to improve the nutritional properties and sustainability of the food products. The increasing demand of fortified food products is beneficial for microencapsulated food ingredients market.
Microencapsulated Food Ingredients Market Segmentation:
On the basis of technology, the microencapsulated food ingredients market is segmented into:
- Dripping technology
- Spray technology
- Emulsion technology
- Other technologies (coating, chemical technologies and physicochemical)
On the basis of shell material, the microencapsulated food ingredients market is segmented into:
- Other shell materials
On the basis of applications, the microencapsulated food ingredients market is segmented into:
- Probiotics & Prebiotics
- Vitamins & Minerals
- Essential oils
Global Microencapsulated Food Ingredients: Key Participants
Some of the key participants operating their business in the global microencapsulated food ingredients market are BASF SE, Coating Place Inc., Cargill Incorporated, Frieslandcampina Kievit, International Flavors and Fragrances Inc., Royal DSM, National Enzyme Company, Ingredion Incorporated, Lycored Group, ABCO Laboratories Inc., GAT Food Essentials GmbH, and other players.
The key players of microencapsulated food ingredients are focusing on acquisition, mergers and joint venture to strengthen the production capacity and to expand the business footprints globally.
- In June 2017, Balchem Corporation acquired Innovative Food Processors. The aim behind the acquisition was to use advance microencapsulation technology for the production of food products as well as to expand the production capabilities and product portfolio.
Opportunities in Microencapsulated Food Ingredients Market
The demand for healthy and nutritional bakery and confectionery products is rising rapidly across the globe. Microencapsulated food ingredients help in enhancing the nutritional content of bakery and confectionery products. Microencapsulated food ingredients help in improving texture and appearance of food products.
Consumer are attracted towards unique flavors and colors of food products and microencapsulated food ingredients helps in getting desired flavor and color to the food products as well as maintain the original flavor and color of food products for long period of time.
The use of microencapsulated food ingredients is rising from bakery and confectionery food manufacturers because of it increases the nutritional properties and quality of food products. The increasing sale of bakery and confectionery products is beneficial for microencapsulated food ingredients market.
North America is expected to continue its dominance in microencapsulated food ingredients market in forecast period. North America is leading in microencapsulated food ingredients market because of robust manufacturing base and large number of key players specifically in United States.
Asia Pacific is expected to grow rapidly in microencapsulated food ingredients market because of emergence of regional players and rising awareness of health and wellness. The demand for fortified food is rising rapidly in Asia Pacific due to which micro microencapsulated food ingredients is expected to witness significant growth in forecast period.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.