The global microencapsulated food ingredient market is anticipated to grow at a high CAGR of 9.1% during the forecast period. The major factors for the growth of the market include the increasing need for tackling the malnutrition problem across the globe, along with the increasing need for functional food products among people, as they are becoming more health conscious. All these factors combined, will fuel the growth of the market during the forecast period.
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According to the WHO, around 45% of death among the children whose ages are less than 5 years is caused by malnutrition. This will further increase the demand for the functional foods and healthy pharmaceutical products during the forecast period. Microencapsulation helps in timely and targeted release of the nutrients. Along with that, it also provides the ability to keep nutrients safe which are sensitive to the outer environment without tampering with their taste, smell, flavor, shelf life, and many other aspects. In June 2017, Balchem Corporation acquired Innovative Food Processors Inc. which made microencapsules, this acquisition helped Balchem Corporation to merge IFP’s ingredient technology and processing capabilities. Some of the key global players in the microencapsulated food ingredient market include Cargill Inc., BASF SE, DSM, Ingredion Inc., FrieslandCampina Ingredients, and many others.
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Market Coverage
- Segment Covered-
o By Captivation Technology
o By Application
- Competitive Landscape –Cargill Inc., BASF SE, DSM, Ingredion Inc., FrieslandCampina Ingredients, and many others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Microencapsulated Food Ingredient Market
o By Captivation Technology
- Spray Technologies
- Emulsion Technologies
- Dripping Technologies
o By Application
- Vitamins and Minerals
- Enzymes
- Probiotics and prebiotics
- Essential Oils
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