Europe Encapsulation Market

Market Introduction

The European continent comprises several developed economies such as Germany, France, the UK, Italy, Russia, and Rest of Europe. Europe comprises several major economies such as Germany, France, Italy, the UK, and Russia. The region offers significant opportunities for the growth of the encapsulation market due to the rising adoption of encapsulated ingredients for various applications. To increase stability and handle characteristics, encapsulation helps control the release and maintain ingredient functionality. It also allows the manufacturers of food and beverages and other consumer products to add unusual ingredients to the product. The demand for encapsulation technologies is growing due to the rising demand for fortified food products. In Europe, there are growing consumer preferences for healthy and convenient food products. The Increasing use of encapsulated products in the food and beverage industry for various applications would boost the growth of the encapsulation market in Europe during the forecast period. Europe is one of the largest markets for personal care products. The high demand for fragrance microencapsulation in many products, such as consumer goods and beauty care, further propels the market growth.

In Europe, France and Italy recorded the highest number of COVID-19 cases as of June 2021. Moreover, Russia, the UK, and Germany are among the worst-hit countries and are expected to suffer an economic hit due to the lack of revenue from various industries. The chemicals & materials industry across Europe has been severely impacted by the COVID-19 pandemic, owing to a decline in manufacturing activities. Businesses are gaining ground as previously imposed limitations are being eased across various locations. Moreover, the introduction of COVID-19 vaccines by governments of different countries has further eased the situation leading to a rise in business activities. Furthermore, governments of various countries are planning to develop modern and technologically advanced infrastructure to mitigate the economic impacts of the COVID-19 pandemic. Thus, the market is expected to grow significantly in the coming years amid the impact of the COVID-19 pandemic.

Market Overview and Dynamics

The encapsulation market in Europe is expected to grow from US$ 10,023.66 million in 2021 to US$ 23,180.43 million by 2028; it is estimated to grow at a CAGR of 12.7% from 2021 to 2028. Rising demand for functional products; 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. 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, primarily due to an increase in health-conscious population and rise in demand for nutritional food products. Thus, the increasing demand for functional products is expected to be a major trend during the forecast period, thereby boosting the Europe encapsulation market growth.

Key Market Segments

Based on coating material, the Europe encapsulation market is segmented into polymers, gums and resins, lipids, carbohydrates, and lipids. In 2020, the carbohydrates segment held the largest share Europe encapsulation market. Based on technology, the Europe encapsulation market is segmented into spray technology, emulsion technology, dripping technology and others. In 2020, the spray technology segment held the largest share Europe encapsulation market. Based on by application, the Europe encapsulation market is segmented into pharmaceuticals and nutraceutical, food and beverages, personal care products, agrochemicals, and other. In 2020, the pharmaceutical and nutraceutical segment held the largest share Europe encapsulation market.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the encapsulation market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Balchem Inc.; BASF SE; DSM; FrieslandCampina; Givaudan; Legris Industries Group; Lycored; and TasteTech among others.

Reasons to buy report

• To understand the Europe encapsulation market landscape and identify market segments that are most likely to guarantee a strong return
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• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe Encapsulation Market
• Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.

EUROPE ENCAPSULATION MARKET SEGMENTATION

By Coating Material

• Polymers
• Gums and Resins
• Lipids
• Carbohydrates
• Proteins

By Technology

• Spray Technology
• Emulsion Technology
• Dripping Technology
• Others

By Application

• Pharmaceuticals and Nutraceutical
• Food and Beverages
• Personal Care Products
• Agrochemicals
• Others

By Country

• Germany
• France
• Italy
• UK
• Russia
• RoE

Company Profiles

• Balchem Inc.
• BASF SE
• DSM
• FrieslandCampina
• Givaudan
• Legris Industries Group
• Lycored
• TasteTech

Europe Encapsulation Market Strategic Insights

Europe EncapsulationMarket Report Highlights

Europe Encapsulation Market Country and Regional Insights