3. Food Encapsulation Market - by Technology, by Shell Materials & by Core Phase
— Global Trends & Forecasts to 2018.
1 INTRODUCTION
1.1 RESEARCH METHODOLOGY
1.1.1 MARKET CRACKDOWN & DATA TRIANGUALTION
In order to complete the overall market engineering process and arrive at exact statistics for
all the market segments and sub-segments, data triangulation and market crackdown
procedures explained below were implemented wherever applicable.
The top-down procedure was also used to arrive at the market size for major segments of each
food encapsulation industry market by types and geography. The percentage split-up of the
sub-segments categorized under the market sub-segmentation was used to arrive at the
market sizes of each of the individual sub-segments of the market. The exact reverse of the
above procedure, that is, bottom-up procedure, was used to obtain the overall market size of
the food encapsulation market validated using primary interviews. Thus, data was triangulated
among the main categories: market sizes by types, formulations, sales channels, geography,
and market size based on company revenue.
TABLE 1
FOOD ENCAPSULATION MARKET ESTIMATION
Market Methodology
Approach
The overall food encapsulation market is calculated by subdividing or
segmenting it into micro-markets based on the share of each types,
materials, functions, applications, and geography.
• The market size was obtained through secondary sources
• The key players in the market are identified using secondary and
primary research. Based on that, their market shares were evaluated
• The size of the overall market is determined by forecasting techniques
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4. Food Encapsulation Market - by Technology, by Shell Materials & by Core Phase
— Global Trends & Forecasts to 2018.
Market Methodology
based on the demand for food encapsulation in different regions, which
is validated through primary sources
• The market data is available from 2011 to 2018, with a CAGR calculated
in percentage from 2013 to 2018
• The study is divided into technology, shell material, and core phase
material market
Food encapsulation
types
• Microencapsulation
• Nanoencapsulation
• Macroencapsulation
• Hybrid technologies
Food encapsulation
by types of
applications
• Bakery and confectionery
• Dairy and frozen desserts
• Snacks/Convenience foods
• Functional foods
• Meat, poultry, and seafood
• Beverages
• Others
Food encapsulation
by types of core
phase material
• Vitamins
• Minerals
• Organic acids
• Enzymes
• Flavors and essence
• Beverages
• Sweeteners
• Colors
• Preservatives
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5. Food Encapsulation Market - by Technology, by Shell Materials & by Core Phase
— Global Trends & Forecasts to 2018.
Market Methodology
• Probiotics
• prebiotics
• Essential oils
• Others
Food encapsulation
by types of shell
material
• Hydrocolloids
• Melts
• Polymers
• Lipids
• Others (Composites)
Food encapsulation
by geography
• North America
• Europe
• Asia-Pacific
• ROW
Source: MarketsandMarkets Analysis
1.1.2 ASSUMPTIONS MADE FOR THE REPORT
Parameter Assumption
Definition
• The food encapsulation technology market includes microencapsulation,
macroencapsulation, nanoencapsulation, and hybrid technologies
• Shell material market includes hydrocolloids, melts, polymers, lipids,
and other composite materials
• Core phase material market includes ingredients such as vitamins,
minerals, probiotics, prebiotics, organic acids, enzymes, nutritional oils,
etc.
• The food encapsulation market is estimated and projected in terms of
value ($million) in the report
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6. Food Encapsulation Market - by Technology, by Shell Materials & by Core Phase
— Global Trends & Forecasts to 2018.
Parameter Assumption
Scope
• The food encapsulation market value includes food encapsulation
technology, and the shell material and core phase markets
Exchange Rate All USD exchange rates are as of 2012
Source: MarketsandMarkets Analysis
1.1.3 KEY DATA POINTS TAKEN FROM SECONDARY
SOURCES
Parameter Data point
Type
Classification, applications, functions, ingredients, and usage pattern as per
the region and respective countries
Regional data
Trade statistics, F&B industry statistics, global & regional market demand
trends, industry association reports, and government reports
Manufacturers
Annual reports, product portfolios, regional & market estimation
publications, market participants, developments, and strategies
Source: MarketsandMarkets Analysis
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7. Food Encapsulation Market - by Technology, by Shell Materials & by Core Phase
— Global Trends & Forecasts to 2018.
1.1.4 KEY DATA POINTS TAKEN FROM PRIMARY SOURCES
Parameter Data point
Food encapsulation
market
• Asia-Pacific is the fastest growing region for food encapsulation, with
China as the leading country
• North America holds largest share in the food encapsulation market
Market
developments
• Europe and North America show modest growth
• Asia-Pacific has the highest growth potential
Key factors affecting
the market
• Life style changes fuel the market
• Effective controlled release in microencapsulation drives the market to a
major extent
• High complexity in microencapsulation restricts its use
Source: MarketsandMarkets Analysis
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8. Food Encapsulation Market - by Technology, by Shell Materials & by Core Phase
— Global Trends & Forecasts to 2018.
2 PREMIUM INSIGHTS
2.1 FOOD ENCAPSULATION MARKET
FIGURE 1
FOOD ENCAPSULATION MARKET SEGMENTATION
GLOBAL FOOD ENCAPSULATION MARKET
By Application By Technology By Shell Material By Core Phase By Geography
• By Application
• Bakery &
confectionary
• Dairy & frozen
desserts
• Snack/Convenience
foods
• Functional foods
• Meat,poultry &
seafood
• Beverages
• Microencapsulation
• Macroencapsulation
• Nanoencapsulation
• Hybrid technologies
• Hydrocolloids
• Lipids
• Polymers
• Melts
• Others (Composite)
• Vitamins
• Minerals
• Enzymes
• Organic acids
• Probiotics
• Prebiotics
• Sweeteners
• Preservatives
• Essential oils
• Colors
• Flavors & essence
• Others
• North America
• Europe
• Asia-Pacific (APAC)
• Rest of the World
(ROW)
Source: MarketsandMarkets Analysis
The food encapsulation market is segmented on the basis of application, technology, shell
material, core phase, and geography. Technologies used for food encapsulation are
microencapsulation, macroencapsulation, nanoencapsulation, and hybrid technologies. Shell
materials used for food encapsulation are hydrocolloids, lipids, polymers, melts, and other
composite shell materials.
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9. Food Encapsulation Market - by Technology, by Shell Materials & by Core Phase
— Global Trends & Forecasts to 2018.
2.1.1 BENEFITS ENGENDER DEMAND FOR SHELL MATERIAL
FIGURE 2
FOOD ENCAPSULATION MARKET VALUE, BY SHELL MATERIAL,
2013 ($MILLION)
XX
XX
XX
XX
XX%
XX%
XX%
XX%
XX%
Hydrocolloids
Oth
Po
An
Pla
XX%
XX%
XX%
XX%
XX%
Market Share, 2013
Hydrocolloids
Melts
Polymers
Lipids
Others (Composite)
Source: Related Research Publication, Government Publication, Company Publication, Expert Interviews, and
MarketsandMarkets Analysis
2.1.2 PLANT PROTEIN A DOMINANT HYDROCOLLOID
TYPE
Hydrocolloids had the largest market share in the shell material food encapsulation market due
to its unique functionalities. The hydrocolloid market was dominated by plant proteins and
animal proteins as hydrocolloids are mostly derived from plants or microbial bodies.
Hydrocolloids are mostly mixtures of protein or polysaccharides, due to which polysaccharides
is the fastest growing market.
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10. Food Encapsulation Market - by Technology, by Shell Materials & by Core Phase
— Global Trends & Forecasts to 2018.
3 ADDRESSABLE MARKET
3.1 MARKET DATA
3.1.1 KEY FEATURES
TABLE 2
FOOD ENCAPSULATION MARKET VALUE, BY APPLICATION,
2011-2018 ($MILLION)
Application 2011 2012 2013-e 2018-p
CAGR%
(2013-2018)
Bakery and confectionery XX XX XX XX XX
Dairy and frozen
desserts
XX XX XX XX XX
Snacks/Convenience
foods
XX XX XX XX XX
Functional foods XX XX XX XX XX
Meat, poultry, and
seafood
XX XX XX XX XX
Beverages XX XX XX XX XX
Total XX XX XX XX XX
e – Estimated; p – Projected
Source: Related Research Publication, Government Publication, Company Publication, Expert Interviews, and
MarketsandMarkets Analysis
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11. Food Encapsulation Market - by Technology, by Shell Materials & by Core Phase
— Global Trends & Forecasts to 2018.
4 GLOBAL FOOD ENCAPSULATION MARKET,
BY CORE PHASE
4.1 INTRODUCTION
4.1.1 KEY FEATURES
TABLE 3
CORE PHASE FOOD ENCAPSULATION MARKET VALUE,
BY TYPE, 2011-2018 ($MILLION)
Core Phase 2011 2012 2013-e 2018-p
CAGR%
(2013-2018)
Vitamins XX XX XX XX XX
Minerals XX XX XX XX XX
Enzymes XX XX XX XX XX
Organic Acids XX XX XX XX XX
Probiotics XX XX XX XX XX
Sweeteners XX XX XX XX XX
Preservatives XX XX XX XX XX
Essential Oils XX XX XX XX XX
Prebiotics XX XX XX XX XX
Colors XX XX XX XX XX
Flavors & Essence XX XX XX XX XX
Others XX XX XX XX XX
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12. Food Encapsulation Market - by Technology, by Shell Materials & by Core Phase
— Global Trends & Forecasts to 2018.
Core Phase 2011 2012 2013-e 2018-p
CAGR%
(2013-2018)
Total XX XX XX XX XX
e – Estimated; p – Projected
Source: Related Research Publication, Government Publication, Company Publication, Expert Interviews, and
MarketsandMarkets Analysis
4.1.1.1 Rising Applications of Vitamins in Functional and
Fortified Foods Fuel the Growth of Vitamins
Rise in the demand of vitamins for food application makes it the most dominant segment in the
food encapsulation market. In 2012, the food encapsulation market value was $XX million and
is projected to reach $XX million in 2018, growing at a CAGR of XX%. The core phase market
was the largest for vitamins followed by minerals in 2012. Vitamins are projected to be the
fastest growing with a CAGR of XX% through 2018. Minerals were the second-largest market
with a value of $XX million in 2012. Prebiotics and probiotics are projected to grow at a CAGR
of XX% each through 2018.
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13. Food Encapsulation Market - by Technology, by Shell Materials & by Core Phase
— Global Trends & Forecasts to 2018.
TABLE 4
CORE PHASE FOOD ENCAPSULATION MARKET VALUE,
BY GEOGRAPHY, 2011-2018 ($MILLION)
Region 2011 2012 2013-e 2018-p
CAGR%
(2013-2018)
North America XX XX XX XX XX
Europe XX XX XX XX XX
APAC XX XX XX XX XX
ROW XX XX XX XX XX
Total XX XX XX XX XX
e – Estimated; p – Projected
Source: Related Research Publication, Government Publication, Company Publication, Expert Interviews, and
MarketsandMarkets Analysis
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14. Food Encapsulation Market - by Technology, by Shell Materials & by Core Phase
— Global Trends & Forecasts to 2018.
5 GLOBAL FOOD ENCAPSULATION MARKET,
BY SHELL MATERIAL
5.1 INTRODUCTION
5.1.1 KEY FEATURES
5.1.1.1 Acceptance of Molecular Encapsulation Packaging
Technology
TABLE 5
GLOBAL FOOD ENCAPSULATION MARKET VALUE,
BY SHELL MATERIAL, 2011-2018 ($MILLION)
Shell material 2011 2012 2013-e 2018-p
CAGR%
(2013-2018)
Hydrocolloids XX XX XX XX XX
Melts XX XX XX XX XX
Polymers XX XX XX XX XX
Lipids XX XX XX XX XX
Others (Composites) XX XX XX XX XX
Total XX XX XX XX XX
e – Estimated; p – Projected
Source: Related Research Publication, Government Publication, Company Publication, Expert Interviews, and
MarketsandMarkets Analysis
Hydrocolloids consist of various food ingredients such as emulsifiers, sweeteners, and starches
that can be used for encapsulation. In 2012, the global food encapsulation market, by shell
material was valued at $XX million and is projected to reach $XX million by 2018, growing at a
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15. Food Encapsulation Market - by Technology, by Shell Materials & by Core Phase
— Global Trends & Forecasts to 2018.
CAGR of XX% for the period under review. In 2012, hydrocolloids acquired the largest market
share in 2012 and have been projected to reach $XX million by 2018. Melts have a smaller
market share but are expected to grow at a high CAGR of XX% by 2018. Lipids had the
second-largest market share in 2012 and are projected to grow at a CAGR of XX% by 2018.
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16. Food Encapsulation Market - by Technology, by Shell Materials & by Core Phase
— Global Trends & Forecasts to 2018.
6 GLOBAL FOOD ENCAPSULATION MARKET,
BY TECHNOLOGY
6.1 INTRODUCTION
6.1.1 KEY FEATURES
6.1.1.1 Changing Trends Drive the Market for New
Technologies
TABLE 6
FOOD ENCAPSULATION MARKET VALUE, BY TECHNOLOGY,
2011-2018 ($MILLION)
Technology 2011 2012 2013-e 2018-p
CAGR%
(2013-2018)
Microencapsulation XX XX XX XX XX
Nanoencapsulation XX XX XX XX XX
Hybrid Technologies XX XX XX XX XX
Macroencapsulation XX XX XX XX XX
Total XX XX XX XX XX
e – Estimated; p – Projected
Source: Related Research Publication, Government Publication, Company Publication, Expert Interviews, and
MarketsandMarkets Analysis
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17. Food Encapsulation Market - by Technology, by Shell Materials & by Core Phase
— Global Trends & Forecasts to 2018.
6.1.1.2 New Technologies Drive Nanoencapsulation Market
In 2012, the global food encapsulation market, by technology was valued at $XX million and is
projected to reach $XX million by 2018, growing at a CAGR of XX% for the period under
review. In 2012, nanoencapsulation acquired the largest market share of about XX% in 2012
and has been projected to reach $XX million by 2018. Microencapsulation accounted for a
market share of XX% in 2012 and is projected to grow at a high CAGR of XX% by 2018.
Macroencapsulation technology was the second-largest market in 2012 and is projected to
grow at a CAGR of XX% by 2018.
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18. Food Encapsulation Market - by Technology, by Shell Materials & by Core Phase
— Global Trends & Forecasts to 2018.
7 GLOBAL FOOD ENCAPSULATION MARKET,
BY GEOGRAPHY
7.1 INTRODUCTION
7.1.1 KEY FEATURE
TABLE 7
GLOBAL FOOD ENCAPSULATION MARKET VALUE, BY TECHNOLOGY
& SHELL MATERIAL, 2011-2018 ($MILLION)
Market Region 2011 2012 2013-e 2018-p
CAGR%
(2013-2018)
Technology
North America XX XX XX XX XX
Europe XX XX XX XX XX
APAC XX XX XX XX XX
ROW XX XX XX XX XX
Total XX XX XX XX XX
ShellMaterial
North America XX XX XX XX XX
Europe XX XX XX XX XX
APAC XX XX XX XX XX
ROW XX XX XX XX XX
Total XX XX XX XX XX
e – Estimated; p – Projected
Source: Related Research Publication, Government Publication, Company Publication, Expert Interviews, and
MarketsandMarkets Analysis
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19. Food Encapsulation Market - by Technology, by Shell Materials & by Core Phase
— Global Trends & Forecasts to 2018.
8 COMPANY PROFILE
8.1 SENSIENT TECHNOLOGIES CORPORATION
8.1.1 OVERVIEW
Sensient Technologies Corporation is engaged in the production and marketing of colors,
flavors, and fragrances. The company operates through two major business segments, namely
flavors & fragrances and color, and provides solutions to various industries such as food and
beverage, cosmetics, pharmaceuticals, etc. It offers encapsulation solutions under its food &
beverage flavors segment. The company has its presence in over 30 countries globally
including North America, Latin America, Asia-Pacific, Europe, and Africa. Its major competitors
include International Flavors & Fragrances Inc. (U.S.) and McCormick & Company Inc. (U.S.).
2012
Founded : 1882
Headquarters : Wisconsin, U.S.
Employees : 3,986
Revenue : $XX million
Ownership : Public
NYSE : SXT
Companyat a Glance RecentFinancials
Business RevenueMix
XX%
XX%
XX%
Flavors & Fragrances
Color
Corporate & Other Segments
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
2009 2010 2011 2012
Total Revenue ($Million) Operating Income %
Source: Company Publications and MarketsandMarkets Analysis
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20. Food Encapsulation Market - by Technology, by Shell Materials & by Core Phase
— Global Trends & Forecasts to 2018.
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