Encapsulation Market to Witness 12.5% CAGR During 2021 to 2028

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.

The major key players operating in the global encapsulation market are Encapsys, LLC; Lycored; Tastetech; Givadan; Balchem, INC; FrieslandCampina; DSM; Microtek Laborotories, INC; Legris Industries Group; and BASF SE.

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Increasing Demand from Pharmaceutical Sector to Boost Growth of Encapsulation Market during 2021–2028

Encapsulation is the process of coating active ingredients in goods using specific materials. Encapsulation is used to enhance the stability and longevity of the product being encapsulated and to allow the controlled release of the contents. Encapsulation of active ingredients, such as antioxidants, prebiotics, vitamins, amino acids, and carotenoids, in functional food products is expected to increase substantially during the forecast period due to increasing health-conscious population and rising demand for nutritional food products across the world.

Functional products are products generally sold in retail outlets and convenience stores and are considered staples in individuals' daily lives. Functional products are characterized as products having long shelf lives and generally a predictable demand. Encapsulation of major ingredients in the functional products can further help in increasing the shelf life of the products and warrants a positive profit margin.

Impact of COVID-19 Pandemic on Encapsulation Market

With the COVID-19 outbreak across the world, most countries declared a health emergency and stopped inessential movements. The crisis heavily impacted the supply chain of goods. The COVID-19 pandemic has negatively impacted the global encapsulation market owing to the shutdown of manufacturing units, rise in prices of raw material, shortage of labor, disruption of supply chains, and financial instability. Moreover, disruption of the processed food & beverages industry due to the economic slowdown caused by the pandemic has hindered the growth of the encapsulation market. Encapsulation is used to stabilize active compounds in various products. This pandemic is projected to impact the market at a low level. However, with the relaxation of the norms, which were taken to control the spread of the virus, the market resumed with the necessary precautions.

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In Market Segmentation by Geographical Regions, the report has analyzed the following regions-

North America (USA, Canada and Mexico)
Europe(Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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