Growing research and development for novel food encapsulation technologies, as well as firms investing in nanotechnology, food chemistry, and formulation to meet the growing need for nutritional, newborn nutrition, and sports drinks products in the food sector. This is expected to fuel market expansion. Increasing consumer desire for natural flavours and clean label goods, as well as Manufacturers' increased emphasis on safety, natural origin, excellent quality, and long shelf life, along with rising demand for fortified and convenient foods Because of the population's hectic lifestyle, the food encapsulation industry is expected to increase during the predicted timeframe. Increased manufacturing costs and the high cost of production are important concerns among manufacturers, and this is predicted to limit the use of food encapsulation. Food encapsulation market growth is likely to be fueled by issues with encapsulate stability caused by fluctuations in ingredient availability across the food sector.
According to Coherent Market Insights, Food Encapsulation Market was valued at US$ 6.8 Billion in 2021 in terms of revenue, exhibiting a CAGR of 7.5% during the forecast period (2022 to 2030).
Market Players in the Food Encapsulation Industry:
1. TasteTech Ltd.
TasteTech operates as a manufacturer of controlled release flavorings and ingredients since 1992. They are a creative of microencapsulation technology, pioneering solutions to leading food manufacturers. Their range of products can increase shelf life, improve taste and texture, protect key ingredients from moisture and contamination, mask bitter notes and reduce cost in use.the company is headquartered in U.K. In April 2022, TasteTech Ltd., a food encapsulation company worked with the University of Nottingham to investigate how the encapsulation technology could help people who have lost their smell or taste
2. Givaudan SA ADR
Givaudan SA manufactures, supplies, and sells fragrance, beauty, taste, and wellbeing products to the consumer goods industry. The company operates through divisions, Fragrance & Beauty, and Taste & Wellbeing. It operates in Switzerland, Europe, Africa, the Middle East, North America, Latin America, and the Asia Pacific. The company was founded in 1796 and is headquartered in Vernier, Switzerland.
3. Givaudan SA ADR
Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in the United States and internationally. It operates through three segments: Flavors & Extracts Group, Color Group, and Asia Pacific Group. Sensient Technologies Corporation was incorporated in 1882 and is headquartered in Milwaukee, Wisconsin.
4. Balchem Corporation
Founded in 1967, Balchem is committed to making the world a healthier place by delivering trusted, innovative, and science-based solutions to the nutrition. The company is headquartered in New Jersey, U.S. In June 2022, Balchem Corporation, food encapsulation company announced that it completed its acquisition of Kappa Bioscience AS, a leading science-based manufacturer of specialty vitamin K2 for the human nutrition industry, headquartered in Oslo, Norway.
5. International Flavors & Fragrances Inc.
International Flavors & Fragrances Inc. is one of the world leaders in designing, producing and marketing food, flavor, fragrance and pharmaceutical ingredients. Net sales break down by product family. The company was founded in 1883, headquartered in New York, U.S. In Feb 16, 2022 International Flavors & Fragrances acquired HWP.
6. BASF SE (ADR)
BASF operates as a chemical company worldwide. The company conducts its operations through six business segments, including chemicals, plastics, performance products, functional solutions, agricultural solutions, and oil and gas. The company was founded in 1865, headquartered in Germany. In March 2023, BASF Personal Care Launches Re_think to Promote Health and Sustainability in Personal Care Industry. This concept encompasses BASF’s commitment to the personal care market with a focus on health, sustainability and transparency to reshape and reinvent personal care for a sustainable future. In April 2021, BASF SE did an agreement with Sandoz GmbH, a subsidiary of Novartis, to invest at the Kundl/Schaftenau Campus in Austria. This agreement enables BASF SE to further develop its production footprint for enzymes and biotechnology products.
7. Symrise AG
Symrise AG supplies fragrances, flavorings, cosmetic active ingredients and raw materials, and functional ingredients. It operates through two segments, Taste, Nutrition & Health, and Scent & Care. It operates in Europe, Africa, the Middle East, North America, the Asia Pacific, and Latin America. Symrise AG was founded in 1874 and is headquartered in Holzminden, Germany.
8. Koninklijke DSM N.V.
Koninklijke DSM N.V., a science-based company, engages in health and nutrition businesses in the Netherlands, Switzerland, rest of Europe, North America, Latin America, China, rest of Asia, and internationally. It operates through Animal Nutrition & Health (ANH); Health, Nutrition & Care (HNC); and Food & Beverage segments. The company was founded in 1902 and is headquartered in Heerlen, the Netherlands.
*Definition- Food encapsulation is widely utilised in medicines, food, textile personal care, chemical, and other sectors to maintain the release of flavouring ingredients. Food encapsulation improves the taste of food items, as well as their shelf life and quality.
