NANOENCAPSULATION FOR FOOD PRODUCTS MARKET ANALYSIS

Regional Analysis

• In North America, the U.S. was the dominated country in the nanoencapsulation for food products market. This is majorly attributed to growing food and beverages industry in the country. According to the data provided by United States Department of Agriculture (USDA), in 2016, over 35,000 food and beverages manufacturing plants located throughout the country. Furthermore, high consumption of meat and bakery products is also propelling growth of the nanoencapsulation market in the region, as edible coatings of nanoparticles are used on vegetables, fruits, meats, and bakery products. According to the USDA, the total production of red meat in January to March 2018 was 13,166.9 million tons in the U.S. Thus, growing demand for meat products is anticipated to support growth of the nanoencapsulation for the food products market. Moreover, growing demand for food and beverages, with high vitamin content is boosting the market growth in North America, as nanoencapsulation technology is used to incorporate and absorb the vitamins within nano-sized vesicles. For instance, according to the Coherent Market Insights’ analysis, North America was dominant in the global vitamins market in 2016 and recoded high demand from the food and beverages sector.
• Asia Pacific is anticipated to record the fastest growth in the global nanoencapsulation market, during the forecast period. Owing to rising awareness towards maintaing a healthy life style, functional food and beverages are largely gaining popularity, in the region. This in turn is expected to aid in growth of the global nanoencapsulation for food products market. Furthermore, growing food processing industry in the region, is anticipated to be another driver for the market growth. For instance, according to the United States Department of Agriculture (USDA), food processing industry in Japan was valued at US$ 216.1 billion in 2016. Therefore, these factors are expected to aid in growth of the market in the region of Asia Pacific over the forecast period.