The wall material segments consist of bases, acids, lipids, amino acids, flavoring agents, enzymes, and microorganisms. Flavoring agents will lead the market according to wall material and are expected to grow at a 10.50% CAGR to reach US$1,677.4 mn by 2020.
Albany, NY -- (SBWIRE) -- 10/15/2015 -- Market Research Reports Search Engine (MRRSE) recently added a new report, titled ' Food Encapsulation Market: Global Industry Analysis and Opportunity Assessment 2015 - 2020', to their online repository. The research report states that the global food encapsulation market was valued at US$3,252.2 mn in 2014 and is expected to reach US$5,464.6 mn by 2020 at a 9.40% CAGR.
The global food encapsulation market is segmented on the basis of geography, technology, and application. By geography, the global food encapsulation market is divided into North America, Eastern Europe, Latin America, Japan, Western Europe, and Asia Pacific. With respect to the market share, the regional segment of North America led the global food encapsulation market in 2014, followed by the Asia Pacific market for food encapsulation. The North America market for food encapsulation was valued at US$816.6 mn in 2014 and is expected to be valued at US$1,401.3 mn by 2020, growing at a 9.70% CAGR therein.
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The Asia Pacific market for food encapsulation is forecast to be valued at US$1,395.3 mn by 2020 at a 10.20% CAGR from 2014. Increasing investments in emerging companies in the packaged food sector of the encapsulation industry will lead to growth of the Asia Pacific market for food encapsulation during the forecast period. Some of the key market players in the global food encapsulation market are Balchem Corp, Givaudan SA ADR, Koninklijke DSM N.V., Firmenich International SA, Symrise AG, and International Flavors and Fragrances Inc.
By application, the global food encapsulation market is segmented into dietary supplements, bakery products, beverages, dairy products, confectionery, and functional food. Amongst all the application segments, dietary supplements, bakery products, beverages, and functional food will collectively account for 70.90% of the global market by 2020. In terms of sales, the functional food segment is expected to grow at a 10.80% CAGR, whereas the bakery products segment is expected to grow at a 10.20% CAGR by 2020.
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On the basis of technology, the global food encapsulation market is divided into the segments of chemical technologies and physical technologies. It is expected that the physical technologies segment of the global food encapsulation market will account for 79.0% of the market by 2020. The chemical technologies segment is predicted to grow at a 10.10% CAGR during the forecast period. Introduction of new food processing techniques has increased demand for technologies in the global food encapsulation market.
The demand for various functional food items is growing rapidly in the majority of regions across the globe. This will create many opportunities for emerging companies in the global food encapsulation market during the forecast period. The key market players are focusing on combining food encapsulation technologies and using advanced wall material to enhance product life in a variety of applications such as animal nutrition products, dairy products, and beverages.
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