DUBLIN, The “Encapsulation Market Forecast to 2028 – COVID-19 Impact and Global Analysis” report has been added to ResearchAndMarkets.com’s offering.
The global encapsulation market is expected to grow from US$ 35,113.49 million in 2021 to US$ 80,071.65 million by 2028; it is estimated to grow at a CAGR of 12.5% from 2021 to 2028.
Growing demand for encapsulated flavors and colors from the convenience food sector and the surging demand for encapsulated pharmaceuticals drive the growth of the Encapsulation market. In addition, the rising urban population worldwide propel the need for convenience food products.
Based on coating material, the market is segmented into polymers, gums and resins, lipids, carbohydrates and proteins. The carbohydrates segment accounted for the largest market share in 2020. Carbohydrates are the first polymers used for flavor encapsulation owing to their good physicochemical properties, good solubility in water, low viscosity, and excellent barrier properties with respect to volatile organic compounds. Coating material for carbohydrates consists of starch, maltodextrins, chitosan, corn syrup solids, dextran, modified starch, fructose, and cyclodextrins. Thus, market players are introducing innovative flavor profiles to attract large customer base. Thus, the market for this segment is expected to witness growth in the coming years.
The Encapsulation market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. Many Asia-Pacific countries, such as China and India, are among the world’s fastest-growing populations. The food & beverage industry is expanding in the region because of its wide range of applications. The existence of various established, sectors such as food & beverage, in China, India, Japan, and South Korea has increased the demand for encapsulation in the region. The players operating in the region anticipate many opportunities for fragrance encapsulation with the growing consumer demand for long-lasting fragrances. The leading companies are investing significantly in the development of current encapsulation technology. Such developments would fuel the growth of the encapsulation market in Asia Pacific during the forecast period.
Reasons to Buy
Highlights key business priorities in order to assist companies to realign their business strategies. The key findings and recommendations highlight crucial progressive industry trends in the global encapsulation market, thereby allowing players to develop effective long-term strategies. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets. Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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