#Specialty Fats and Oils Market Size

[industryforecastnews]

Specialty Fats And Oils Market To Reach USD 23.78 Billion By 2030

Specialty Fats And Oils Market Growth & Trends

The global specialty fats and oils market size is expected to reach USD 23.78 Billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 7.4% from 2024 to 2030. The specialty fats and oils market is experiencing significant growth due to an increasing demand for processed foods and convenience products among consumers worldwide. This trend is particularly prevalent in urban areas, where busy lifestyles and rising disposable incomes steer consumers towards ready-to-eat and packaged foods. Specialty fats and oils, offering tailored functionalities, flavors, and nutritional profiles, are integral to developing and enhancing these food products. Moreover, the versatility of these fats and oils makes them suitable for a wide range of applications, from baking and frying to confectionery and dairy products, further propelling their demand in the food processing industry.

In addition to the food sector, the demand in the personal care and cosmetics industry is bolstering the specialty fats and oils market. These ingredients are highly valued for their emollient properties, stability, and ability to act as carriers for other components, which makes them essential in the formulation of skincare, haircare, and cosmetic products. The growing consumer awareness of natural and organic ingredients, coupled with a willingness to spend on high-quality personal care products, contributes significantly to this market expansion.

Furthermore, advancements in technology and innovation in the extraction, processing, and application of specialty fats and oils play a crucial role. Manufacturers are continuously seeking new methods to improve their products' functionality, health benefits, and sustainability, responding to the evolving demands of consumers and regulatory bodies. The development of non-hydrogenated, trans-fat-free, and low-saturated fat products illustrates the industry's adaptation to health-conscious trends. Environmental concerns and the sustainable sourcing of raw materials influence market dynamics, with a pronounced shift towards more eco-friendly and ethically produced specialty fats and oils. This combination of technological, consumer, and environmental factors is shaping the growth and future direction of the specialty fats and oils market.

The expanding food industry and ongoing product innovations significantly propel the specialty fats and oils market. As food manufacturers strive to meet evolving consumer demands for taste, texture, and nutritional value, they increasingly turn to specialty fats and oils as crucial ingredients. These components allow for the creation of novel food products with improved functionality, stability, and sensory attributes. From enhancing the mouthfeel of low-fat products to extending shelf life and providing specific melting profiles for confectionery, specialty fats and oils enable food companies to differentiate their offerings in a competitive marketplace. This constant push for innovation drives research and development efforts, leading to the introduction of new specialty fat and oil formulations tailored to specific applications, further expanding the market's potential and encouraging growth across various food categories. In August 2023, AAK, a provider of plant-based fats & oil, introduced Cebes choco 15, a patented blend that can enhance the cocoa flavor in baked goods by incorporating up to 15% cocoa ingredients.

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Specialty Fats And Oils Market Report Highlights

Based on product type, specialty oils possess segment held a revenue share of 72.3% in 2023, due to the rising popularity of plant-based diets and the growing awareness of their health benefits, such as omega-3 fatty acids. Furthermore, the expanding applications of specialty oils in cosmetics, pharmaceuticals, and biofuels contribute significantly to market growth, driven by their functional properties and sustainability advantages.

On the other hand, specialty fats segment is expected to witness a CAGR of 7.5% during 2024 to 2030, owing to its versatility in enhancing texture, stability, and nutritional profiles of food products, meeting consumer preferences for healthier alternatives. Additionally, their increasing use in confectionery, bakery, and dairy industries to improve product quality and shelf life further boosts market growth.

In terms of application, confectionery possesses segment a share of 54.5% in 2023. The demand for specialty fats and oils in the bakery and confectionery industry is driven by their ability to enhance product texture, mouthfeel, and shelf life. Additionally, consumer preferences for healthier alternatives and the versatility of specialty fats and oils to meet specific dietary and functional requirements further stimulate market growth in this sector.

Europe held a market share of 21.6% in 2023, owing to the growing demand for high-quality, healthier alternatives to conventional fats and oils, along with the burgeoning food industry needing specialized fats for various applications. Moreover, stringent EU regulations on food safety and sustainability are pushing manufacturers towards sustainable sourcing and production practices, further fueling the market growth.

Asia-Pacific is expected to grow at a CAGR 8.0% during 2024 to 2030, due the rising demand for processed foods and the growing confectionery and bakery industries. Additionally, increased health awareness and the shift towards healthier dietary fats contribute to market growth in this region.

Regional Insights

In 2023, the specialty fats and oils market in North America captured a revenue share of 23.9%, owing to the increasing consumer demand for healthier alternatives in food products, such as low-trans-fat and non-GMO options. Additionally, technological advancements in processing methods and growing applications in industries like confectionery and bakery also contribute to market growth.

U.S. Specialty Fats And Oils Market Trends

The specialty fats and oils market in the U.S. accounted for a notable revenue share in 2023. In the U.S., factors driving the market include the rising popularity of plant-based diets and the consequent demand for plant-derived oils like coconut and avocado oil. Moreover, innovations in the cosmetics and personal care industry, where specialty fats and oils are used as key ingredients, contribute significantly to market expansion.

Specialty Fats And Oils Market Segmentation

Grand View Research has segmented the specialty fats and oils market report based on product type, application, and region:

Specialty Fats And Oils Product Type Outlook (Revenue, USD Million, 2018 - 2030)

Specialty Oils

Specialty Fats

Specialty Fats And Oils Application Outlook (Revenue, USD Million, 2018 - 2030)

Confectionery

Dairy

Specialty Fats And Oils Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

Europe

Asia Pacific

Central & South America

Middle East & Africa

List of Key Players of Specialty Fats And Oils Market

Bunge Limited

Wilmar International Limited

Golden Agri-Resources Ltd

Kuala Lumpur Kepong Berhad

Sime Darby Plantation Sdn Bhd

Cargill

Liberty Oil Mills Ltd.

Henry Lamotte Oils GmbH

Savola Group

IOI Corporation

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/specialty-fats-oils-market-report

[rupalic]

Driving Efficiency with Specialty Enzymes: A Look at Technological Advancements

Specialty enzymes are specific proteins designed to catalyse biochemical reactions for specialized applications in various industries. These enzymes are tailored to meet the unique requirements of different industrial processes, enhancing efficiency, specificity, and performance. The global specialty enzymes market size is estimated to be valued at USD 6.1 billion in 2024 and is projected to reach USD 9.2 billion by 2029, recording a CAGR of 8.5%.

Key Applications of Specialty Enzymes:

Food and Beverage Industry:

Baking: Enzymes like amylases and proteases improve dough handling and bread quality.

Dairy: Lactases break down lactose, aiding in the production of lactose-free products.

Brewing: Proteases and beta-glucanases improve filtration and clarity in beer production.

Pharmaceuticals:

Therapeutic Enzymes: Used to treat diseases such as enzyme replacement therapies for lysosomal storage disorders.

Diagnostic Enzymes: Enzymes like glucose oxidase are used in biosensors for blood glucose monitoring.

Biofuels:

Cellulases and Hemicellulases: Break down plant biomass into fermentable sugars for ethanol production.

Lipases: Enhance biodiesel production by breaking down fats and oils.

Textile Industry:

Amylases: Remove starch-based sizing agents from fabrics.

Cellulases: Provide a soft finish to fabrics and improve color brightness.

Agriculture:

Phytases: Improve the bioavailability of phosphorus in animal feed, enhancing nutrition.

Proteases: Enhance the digestibility of feed proteins for better animal growth.

Enzymes sourced from animals hold a significant specialty enzymes market share

Animal-derived enzymes are often preferred for their high specificity and efficiency in catalyzing biochemical reactions, which is essential in various specialized processes. Pancreatic enzymes, such as trypsin and chymotrypsin, are extensively used in drug formulation and the production of biologics. These enzymes facilitate the precise cleavage of peptide bonds, crucial for developing and manufacturing therapeutic proteins and peptides. Their specificity and activity levels make them indispensable in pharmaceutical applications, significantly contributing to their market share.

Moreover, animal-derived enzymes are essential in clinical diagnostics. For example, rennet, obtained from the stomachs of calves, is used in the coagulation process for cheese production, highlighting their importance in the food industry. In clinical settings, enzymes like lactase, derived from animal sources, are used in diagnostic kits to test for lactose intolerance, demonstrating their versatility and utility in both food processing and medical diagnostics.

A notable example of the significance of animal-sourced enzymes is the use of thrombin, derived from bovine sources, in surgical procedures. Thrombin is crucial for promoting blood clotting and is used in topical hemostatic agents to control bleeding during surgeries. The high efficacy and reliability of thrombin in medical applications underscore the importance of animal-derived enzymes in the specialty enzymes market.

Factors Driving the Specialty Enzymes Market Growth

Public funding and incentives for biotechnological research are critical drivers of growth and innovation in the specialty enzymes market. The EU’s Horizon Europe program, with a budget of USD 103.6 billion for 2021-2027, is focused on research and innovation, including biotechnology. This program supports projects aimed at developing advanced biotechnological processes and products. In the United States, the National Institutes of Health (NIH) allocated over USD 42.0 billion for biomedical research in 2022, with part of this funding directed towards biotechnology research, including the development of novel enzymes for medical and industrial applications.

In India, the Biotechnology Industry Research Assistance Council (BIRAC) plays a significant role in fostering innovation and growth within the specialty enzymes market. Established by the Department of Biotechnology (DBT), Government of India, BIRAC actively supports biotech startups and research institutions through various funding schemes. One of the key initiatives is the Biotechnology Ignition Grant (BIG) scheme, which provides early-stage funding to startups and entrepreneurs with innovative ideas in biotechnology. In July 2020, BIRAC allocated Rs. 50 crores (approximately USD 6.7 million) under the BIG scheme to support around 100 startups and entrepreneurs in the biotechnology sector. This funding aims to catalyze innovation, encourage entrepreneurship, and accelerate the development of novel enzyme-based solutions for various applications in biotechnology and pharmaceuticals. By providing financial support and fostering a conducive ecosystem for research and development, initiatives like BIRAC’s BIG scheme contribute significantly to the growth and competitiveness of the enzyme market in India.

Top Specialty Enzymes Companies

BRAIN Biotech AG (Germany)

Novozymes A/S (Denmark)

Codexis, Inc. (US)

Sanofi (France)

Merck KGaA (Germany)

Dyadic International Inc (US)

Advanced Enzyme Technologies (India)

Amano Enzyme Inc (Japan)

F. Hoffmann-La Roche Ltd (Switzerland)

New England Biolabs (US)

BBI Solutions (UK)

North America region to dominate the specialty enzymes industry during the forecast period.

North America holds the highest market share in the specialty enzymes market due to several key factors. The region is home to a robust pharmaceutical and biotechnology industry, characterized by significant investments in research and development. This investment landscape fosters innovation, leading to the development of advanced enzyme-based solutions. For instance, companies like Codexis, Inc. (US), are at the forefront of enzyme engineering, continuously developing new enzymes for pharmaceutical and industrial applications.

Moreover, the presence of well-established healthcare infrastructure and a high demand for diagnostic tools contribute to the market’s growth. Specialty enzymes are crucial in various diagnostic applications, including ELISA (Enzyme-Linked Immunosorbent Assay) tests, which are widely used in medical diagnostics. The increasing prevalence of chronic diseases such as cancer and diabetes in North America drives the demand for these advanced diagnostic tools, further propelling the specialty enzymes industry.

[priyanshisingh]

Fish Can Market Projections: Global Industry Analysis and Forecast (2023-2032)

The Fish Can Market is projected to grow from USD 1,210.5 million in 2024 to USD 1,606.36 million by 2032, reflecting a compound annual growth rate (CAGR) of 3.60%.

A fish can is a sealed container used to preserve fish, typically through processes such as canning, which involves cooking the fish and sealing it in a tin or aluminum can. This method extends the shelf life of the fish, making it a convenient and long-lasting food product. Fish cans are commonly used for a variety of fish species, including tuna, salmon, sardines, and mackerel. The preservation process ensures that the nutritional value of the fish is largely retained, providing a ready-to-eat protein source that is rich in omega-3 fatty acids, vitamins, and minerals. Fish cans are popular for their convenience, affordability, and ease of storage, making them a staple in many households and an essential item in emergency food supplies. They are available in various sizes and can be found in both oil-packed and water-packed varieties, catering to different consumer preferences.

The fish can market presents several promising opportunities for growth and innovation:

Rising Demand for Convenient and Nutritious Foods: As consumers increasingly seek convenient and nutritious food options, canned fish offers a practical solution due to its long shelf life, ease of preparation, and high nutritional value, including essential omega-3 fatty acids.

Expansion into Emerging Markets: The growing middle-class population and urbanization in emerging markets provide significant opportunities for canned fish products, as these regions experience a shift towards packaged and convenient food options.

Health and Wellness Trends: The trend towards health-conscious eating is driving demand for fish products perceived as healthier alternatives to red meat. Brands can capitalize on this by marketing canned fish as a natural, low-fat, and high-protein food source.

Innovation in Product Varieties and Flavors: Introducing new varieties and flavors, including gourmet options and ethnic-inspired flavors, can attract a broader consumer base. Additionally, offering organic, sustainably sourced, or premium quality options can appeal to niche markets.

Sustainable and Eco-friendly Packaging: Increasing consumer awareness of environmental issues presents an opportunity for companies to adopt sustainable packaging solutions, such as recyclable or biodegradable cans, which can enhance brand appeal and meet regulatory requirements.

Online Retail Growth: The rise of e-commerce and online grocery shopping offers a platform for expanding the distribution of canned fish products. Brands can leverage digital marketing and direct-to-consumer sales channels to reach a wider audience.

Private Label and Store Brands: The growing popularity of private label products presents opportunities for manufacturers to partner with retailers in producing high-quality canned fish products under store brands, often at competitive price points.

Dietary and Specialty Markets: Canned fish products can be positioned to cater to specific dietary needs, such as low-sodium, gluten-free, or ketogenic diets, tapping into health-conscious and specialized consumer segments.

Sustainable Fishing Practices: Companies that commit to sustainable fishing practices can differentiate their products in the market, appealing to environmentally conscious consumers and meeting increasing regulatory and market demands for sustainability.

Expansion of Ready-to-Eat and Ready-to-Cook Products: Expanding product lines to include ready-to-eat or ready-to-cook canned fish meals, such as salads, spreads, or meal kits, can attract busy consumers looking for quick and easy meal solutions.

Key Player Analysis

Crown Holdings, Inc.

Ardagh Group

Amcor Plc

Silgan Metal Packaging

Massilly Holding S.A.S

Colep Packaging

HUBER Packaging Group

Tinmasters

Sonoco Products Company

Trivium Packaging.

Jean Anid & Fils S.A.L.

MIVISA ENVASES, S.A.U.

SARTEN AMBALAJ SAN. VE TIC. A.S.

Nussbaum Matzingen AG

Hoffmann Neopac AG

Toyo Seikan Group Holdings, Ltd.

More About Report- https://www.credenceresearch.com/report/fish-can-market

The fish can market is driven by several key factors that influence its growth and development:

Health and Nutritional Benefits: Canned fish is recognized for its high nutritional value, providing essential nutrients like omega-3 fatty acids, protein, vitamins, and minerals. This health benefit is a significant driver, especially as consumers become more health-conscious and seek out nutritious food options.

Convenience and Long Shelf Life: The convenience of canned fish, which requires no refrigeration and has a long shelf life, makes it an attractive option for consumers looking for easy-to-store and ready-to-eat meals. This is particularly appealing for busy lifestyles and for stocking emergency food supplies.

Rising Demand for Affordable Protein Sources: Canned fish is often more affordable than fresh or frozen fish, providing a cost-effective protein source. This affordability drives demand, particularly in price-sensitive markets and during economic downturns.

Expanding Product Variety and Innovation: The introduction of new canned fish varieties, flavors, and packaging innovations enhances consumer appeal. Products that cater to specific dietary preferences, such as low-sodium, organic, or sustainably sourced options, are particularly popular.

Increasing Awareness of Sustainable Fishing Practices: Growing consumer awareness and concern for environmental sustainability are driving demand for canned fish products sourced through sustainable fishing practices. Brands that emphasize eco-friendly practices and certifications, such as MSC (Marine Stewardship Council) certification, can attract environmentally conscious consumers.

Growth of the Retail and E-commerce Sector: The expansion of the retail sector, including supermarkets, hypermarkets, and convenience stores, as well as the growth of e-commerce platforms, has made canned fish products more accessible to a broader consumer base. Online sales, in particular, offer an opportunity for brands to reach new customers and markets.

Urbanization and Changing Lifestyles: Urbanization and changing lifestyles, including increased female workforce participation and smaller household sizes, are driving the demand for convenient, ready-to-eat food products like canned fish.

Globalization and Cultural Exchange: The globalization of food cultures and increasing exposure to different cuisines are expanding the popularity of canned fish products, including those used in traditional and ethnic dishes.

Government and Industry Support: Supportive government policies and initiatives aimed at promoting seafood consumption for health benefits, as well as efforts by industry associations to promote canned fish products, contribute to market growth.

Consumer Trust in Food Safety: The perception of canned fish as a safe and reliable food option, free from contamination concerns often associated with fresh seafood, helps maintain consumer trust and drives market demand.

Segments:

Based on Capacity:

Less than 200 gm

200 to 750 gm

Above 750 gm

Based on Can Type:

Based on End Use:

Food processing industry

Pharmaceuticals industry

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[univdatosmarket]

Global Specialty Fats and Oils Market was valued at US$ ~12 Billion in 2020 and is anticipated to reach more than US$ 20 Billion by 2027 displaying an elevated CAGR of ~8% over the forecast period (2021-2027)

[marketdevelopment]

Canada Vegetable Oil Market Size, Share, Types, Products, Trends, Growth, Applications and Forecast 2023 to 2030

The Canada Vegetable Oil is Expected to Grow at a Significant Growth Rate, and the Forecast Period is 2023-2030, Considering the Base Year as 2022.

The Canada Vegetable Oil Market has been witnessing steady growth in recent years owing to increasing health consciousness among consumers, growing demand for plant-based food products, and the versatile applications of vegetable oils in cooking and food processing industries. The market encompasses a wide range of vegetable oils such as canola oil, soybean oil, sunflower oil, palm oil, and others, catering to diverse consumer preferences and culinary requirements across the country.

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Table of Contents (Scope covered as a part of the study)

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The latest research on the Canada Vegetable Oil market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Canada Vegetable Oil industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Canada Vegetable Oil market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

Leading players involved in the Canada Vegetable Oil Market include:

"Bunge (Canada), Cargill Limited (Canada), Archer Daniels Midland Company (ADM) (US), Richardson International (Canada), Louis Dreyfus Company (Canada) Ltd. (Canada), Pizzey's Milling (Canada), GreenField Specialty Alcohols Inc. (Canada), Viterra Inc. (Canada), Bonduelle Canada Inc. (Canada), Parrish and Heimbecker Ltd. (Canada), Roquette Canada Ltd. (Canada), Bonterra Organics (Canada), Bioriginal Food & Science Corporation (Canada) and Other Major Players." 

Market Driver:

One significant driver propelling the growth of the Canada Vegetable Oil Market is the rising awareness regarding the health benefits associated with the consumption of vegetable oils. With an increasing focus on healthy eating habits and lifestyle choices, consumers are opting for vegetable oils due to their lower levels of saturated fats, high content of unsaturated fats, and beneficial nutrients such as Vitamin E. This trend is further supported by medical recommendations advocating for the substitution of animal fats with healthier vegetable oil alternatives, thereby fueling the demand for vegetable oils in Canada.

Market Opportunity:

A notable opportunity within the Canada Vegetable Oil Market lies in the expansion of product offerings to cater to the evolving consumer preferences for organic and non-GMO (Genetically Modified Organism) vegetable oils. As consumers become more conscious about the origin and production methods of their food products, there is a growing demand for organic and non-GMO vegetable oils that are perceived as safer and environmentally sustainable options. Therefore, there exists a significant opportunity for manufacturers and suppliers to capitalize on this consumer trend by introducing a wider range of organic and non-GMO vegetable oil variants to meet the increasing demand in the Canadian market.

If You Have Any Query Canada Vegetable Oil Market Report, Visit:

Segmentation of Canada Vegetable Oil Market:

By Type

Palm Oil

Soybean Oil

Rapeseed Oil

Sunflower Oil

Olive Oil

Others

By Nature

Organic

Conventional

By Packaging Type

Cans

Bottles

Pouches

Others

By Application

Food Industry

Pharmaceutical

Cosmetics & Personal

Animal Feed

Industrial

By Distribution Channels

Hypermarkets/Supermarkets

Convenience Stores

Online Retail

Wholesale Distributors

Specialty Stores 

Key Benefits of Canada Vegetable Oil Market Research:

Research Report covers the Industry drivers, restraints, opportunities and challenges

Competitive landscape & strategies of leading key players

Potential & niche segments and regional analysis exhibiting promising growth covered in the study

Recent industry trends and market developments

Research provides historical, current, and projected market size & share, in terms of value

Market intelligence to enable effective decision making

Growth opportunities and trend analysis

Covid-19 Impact analysis and analysis to Canada Vegetable Oil market

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[marketinsight1234]

South Korean Vegetable Oil Market 2030 Business Insights with Key Trend Analysis

Vegetable Oil is Expected to Grow at a Significant Growth Rate, and the Forecast Period is 2023-2030, Considering the Base Year as 2022.

One kind of edible oil that comes from different plant sources is called vegetable oil. It is extracted using mechanical or chemical methods from the seeds, fruits, or nuts of a plant. Soybeans, sunflower seeds, canola, palm fruit, and olives are examples of common plant sources. Because of their neutral flavor and high smoke point, which make them ideal for frying, sautéing, and baking, vegetable oils are frequently used in cooking and food preparation.

Triglycerides make up the majority of vegetable oils' makeup, which is one of its distinguishing characteristics. These fats are composed of fatty acids and glycerol. Vegetable oils can contain a variety of fatty acids, including saturated, monounsaturated, and polyunsaturated fats, depending on the source. The proportion of these fats can have implications for the oil's health effects.

Due to its plant origin, vegetable oil is considered a healthier alternative to animal fats like butter or lard, as it generally contains less saturated fat. However, using vegetable oils in moderation is important, as they are still calorie-dense. Additionally, some vegetable oils are produced through processes that may raise concerns about their environmental impact. Thus, choosing sustainably sourced vegetable oils can also be an essential consideration for environmentally conscious consumers.

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Leading players involved in the South Korean Vegetable Oil Market include:

Jangguri Cooperative (South Korea), Haeonfood (South Korea), Agricultural corporation Naepo Co.Ltd. (South Korea), Chung Yang Foods (South Korea), TAKII KOREA CO.LTD. (South Korea) CHEONNYEONMEEIN (South Korea), NOKCHAWON CO.LTD (South Korea), GW Corporation (South Korea), Avofnc Inc. (South Korea), SERIM CO.LTD. (South Korea), Hwa Sung Ind. Co. Ltd (South Korea) and Other Major Players.

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. 

If You Have Any Query South Korean Vegetable Oil Market Report, Visit:

Segmentation of South Korean Vegetable Oil Market:      

By Type

Palm Oil

Soybean Oil

Rapeseed Oil

Sunflower Oil

Olive Oil

Others

By Nature

Organic

Conventional

By Packaging Type

Cans

Bottles

Pouches

Others

By Application

Food Industry

Pharmaceutical

Cosmetics & Personal

Animal Feed

Industrial

By Distribution Channels

Hypermarkets/Supermarkets

Convenience Stores

Online Retail

Wholesale Distributors

Specialty Stores

Highlights from the report:

Market Study: It includes key market segments, key manufacturers covered, product range offered in the years considered, Global South Korean Vegetable Oil Market, and research objectives. It also covers segmentation study provided in the report based on product type and application.

Market Executive Summary: This section highlights key studies, market growth rates, competitive landscape, market drivers, trends, and issues in addition to macro indicators.

Market Production by Region: The report provides data related to imports and exports, revenue, production and key players of all the studied regional markets are covered in this section.

South Korean Vegetable Oil Market Profiles of Top Key Competitors: Analysis of each profiled Roll Hardness Tester market player is detailed in this section. This segment also provides SWOT analysis of individual players, products, production, value, capacity, and other important factors.

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[prenasper]

Virgin Coconut Oil Market Growth, Demand, Share, Upcoming Trends, Revenue, Key Players, Challenges, Future Opportunities and Competitive Analysis till 2033: SPER Market Research

Coconut oil is a significant source of fat in food, and it is widely used in baking, cooking, and confections. The two most common forms are refined, bleached, and deodorised coconut oil (RBD) and virgin coconut oil (VCO). Whereas RBD is created from dried meat that has been processed for eating, VCO is made directly from fresh coconut meat. Unlike RBD, which is derived from copra or dried beef, VCO is differentiated by a unique extraction procedure that emphasises its pure, unprocessed nature.

According to SPER market research, ‘Virgin Coconut Oil Market Size- By Type, By End-User, By Packaging- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Virgin Coconut Oil Market is predicted to reach USD 2.16 billion by 2033 with a CAGR of 8.92%.

The increased demand for virgin coconut oil is being driven by changing consumer tastes and social trends. One key aspect is customers' increased health awareness, which leads them to choose healthier eating choices. The increased expenditure on functional meals and drinks has accelerated the growth of the coconut oil food business. The market's exceptional rise may be attributed to a variety of positive elements that are in line with current consumer trends.

The increased knowledge of virgin coconut oil's potential health benefits has positioned it as a healthy food option. The current trend towards functional meals fortified with medium-chain triglycerides (MCTs) contributes to the increase, providing cognitive and energetic advantages. The desire for vegan and plant-based diets is driving market growth, with virgin coconut oil serving as a flexible substitute for standard cooking oils and butter in vegan recipes. Ethical issues are important as customers seek items that correspond with their eco-conscious ideals, and virgin coconut oil's ecologically friendly manufacturing processes increase its attractiveness.

The movement towards natural and organic products is critical, with virgin coconut oil positioned as a minimally processed and natural option for customers looking for healthier options. Beyond culinary applications, its implementation into skincare and haircare routines meets current customers' demands for versatile and holistic goods. The attractiveness of virgin coconut oil stems from its compatibility with health-conscious, ethical, and natural product preferences, making it a flexible and popular choice in a variety of consumer groups.

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Canola oil, sunflower oil, almond oil, and virgin olive oil are some of the alternative oils that offer nutritional properties similar to virgin olive oil (VCO). This is projected to limit market growth. Customers' interest in alternatives has also shifted as a consequence of manufacturers strengthening olive and canola oils to preserve key nutrients. Furthermore, unlike the other oils stated, virgin coconut oil has a higher smoke point, making it a better choice for baking and cooking. Furthermore, it is expected that Europe's reliance on imported coconuts and coconut oils would stymie market growth.

Impact of COVID-19 on Global Virgin Coconut Oil Market

The COVID-19 outbreak resulted in substantial reforms in the virgin coconut oil industry. Changes in consumer behaviour and interruptions in the global supply chain posed the first challenge to market stability. The economy's volatility reduced expenditure on luxuries such as specialty cuisine. Despite the hurdles, positive trends emerged. The pandemic's emphasis on health fueled an increased interest in wellness, particularly nutritional supplements such as virgin coconut oil. During lockdowns, home cooking and self-care activities increased, making the oil more appealing for both culinary and personal care purposes. Online shopping made it easier for people to purchase, and the emphasis on local sourcing complemented the growing desire for functional foods that enhance the immune system.

Virgin Coconut Oil Market Key Players:

The market study includes market data by competitive landscape, revenue analysis, market segments, and a detailed analysis of key market players such as Barlean's Organic Oils, LLC, Celebes Coconut Corporation, Forest Essentials, Garden of Life, Healthy Traditions, MaxCare, Nature's Way Brands, Nutiva Inc., SPECTRUM ORGANIC PRODUCTS, LLC, Universal Corporation, and others.

Our in-depth analysis of the Virgin Coconut Oil Market includes the following segments:

The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.

By Type:

Conventional

Organic

By End-User:

B2B

B2C

By Packaging:

Metal Cans

Plastic Bottles

Pouches

By Region:

Asia-Pacific

Europe

Middle East & Africa

North America

Latin America

For More Information, refer to below link:-

Virgin Coconut Oil Market Demand

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[rupalic]

Specialty Enzymes Market to Witness Unprecedented Growth in Coming Years

Specialty enzymes are specific proteins designed to catalyze biochemical reactions for specialized applications in various industries. These enzymes are tailored to meet the unique requirements of different industrial processes, enhancing efficiency, specificity, and performance. The global specialty enzymes market size is estimated to be valued at USD 6.1 billion in 2024 and is projected to reach USD 9.2 billion by 2029, recording a CAGR of 8.5%.

Key Applications of Specialty Enzymes:

Food and Beverage Industry:

Baking: Enzymes like amylases and proteases improve dough handling and bread quality.

Dairy: Lactases break down lactose, aiding in the production of lactose-free products.

Brewing: Proteases and beta-glucanases improve filtration and clarity in beer production.

Pharmaceuticals:

Therapeutic Enzymes: Used to treat diseases such as enzyme replacement therapies for lysosomal storage disorders.

Diagnostic Enzymes: Enzymes like glucose oxidase are used in biosensors for blood glucose monitoring.

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Biofuels:

Cellulases and Hemicellulases: Break down plant biomass into fermentable sugars for ethanol production.

Lipases: Enhance biodiesel production by breaking down fats and oils.

Textile Industry:

Amylases: Remove starch-based sizing agents from fabrics.

Cellulases: Provide a soft finish to fabrics and improve color brightness.

Agriculture:

Phytases: Improve the bioavailability of phosphorus in animal feed, enhancing nutrition.

Proteases: Enhance the digestibility of feed proteins for better animal growth.

Cosmetics and Personal Care:

Proteases and Lipases: Used in skin care products for exfoliation and moisturizing.

Hyaluronidases: Enhance the effectiveness of anti-aging treatments by breaking down hyaluronic acid.

Factors Driving the Specialty Enzymes Market Growth

Public funding and incentives for biotechnological research are critical drivers of growth and innovation in the specialty enzymes market. The EU’s Horizon Europe program, with a budget of USD 103.6 billion for 2021-2027, is focused on research and innovation, including biotechnology. This program supports projects aimed at developing advanced biotechnological processes and products. In the United States, the National Institutes of Health (NIH) allocated over USD 42.0 billion for biomedical research in 2022, with part of this funding directed towards biotechnology research, including the development of novel enzymes for medical and industrial applications.

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In India, the Biotechnology Industry Research Assistance Council (BIRAC) plays a significant role in fostering innovation and growth within the specialty enzymes market. Established by the Department of Biotechnology (DBT), Government of India, BIRAC actively supports biotech startups and research institutions through various funding schemes. One of the key initiatives is the Biotechnology Ignition Grant (BIG) scheme, which provides early-stage funding to startups and entrepreneurs with innovative ideas in biotechnology. In July 2020, BIRAC allocated Rs. 50 crores (approximately USD 6.7 million) under the BIG scheme to support around 100 startups and entrepreneurs in the biotechnology sector. This funding aims to catalyze innovation, encourage entrepreneurship, and accelerate the development of novel enzyme-based solutions for various applications in biotechnology and pharmaceuticals. By providing financial support and fostering a conducive ecosystem for research and development, initiatives like BIRAC’s BIG scheme contribute significantly to the growth and competitiveness of the enzyme market in India.

Enzymes sourced from animals hold a significant specialty enzymes market share

Animal-derived enzymes are often preferred for their high specificity and efficiency in catalyzing biochemical reactions, which is essential in various specialized processes. Pancreatic enzymes, such as trypsin and chymotrypsin, are extensively used in drug formulation and the production of biologics. These enzymes facilitate the precise cleavage of peptide bonds, crucial for developing and manufacturing therapeutic proteins and peptides. Their specificity and activity levels make them indispensable in pharmaceutical applications, significantly contributing to their market share.

Moreover, animal-derived enzymes are essential in clinical diagnostics. For example, rennet, obtained from the stomachs of calves, is used in the coagulation process for cheese production, highlighting their importance in the food industry. In clinical settings, enzymes like lactase, derived from animal sources, are used in diagnostic kits to test for lactose intolerance, demonstrating their versatility and utility in both food processing and medical diagnostics.

A notable example of the significance of animal-sourced enzymes is the use of thrombin, derived from bovine sources, in surgical procedures. Thrombin is crucial for promoting blood clotting and is used in topical hemostatic agents to control bleeding during surgeries. The high efficacy and reliability of thrombin in medical applications underscore the importance of animal-derived enzymes in the specialty enzymes market.

North America region to dominate the specialty enzymes industry during the forecast period.

North America holds the highest market share in the specialty enzymes market due to several key factors. The region is home to a robust pharmaceutical and biotechnology industry, characterized by significant investments in research and development. This investment landscape fosters innovation, leading to the development of advanced enzyme-based solutions. For instance, companies like Codexis, Inc. (US), are at the forefront of enzyme engineering, continuously developing new enzymes for pharmaceutical and industrial applications.

Moreover, the presence of well-established healthcare infrastructure and a high demand for diagnostic tools contribute to the market’s growth. Specialty enzymes are crucial in various diagnostic applications, including ELISA (Enzyme-Linked Immunosorbent Assay) tests, which are widely used in medical diagnostics. The increasing prevalence of chronic diseases such as cancer and diabetes in North America drives the demand for these advanced diagnostic tools, further propelling the specialty enzymes industry.

Top Specialty Enzymes Companies

BRAIN Biotech AG (Germany)

Novozymes A/S (Denmark)

Codexis, Inc. (US)

Sanofi (France)

Merck KGaA (Germany)

Dyadic International Inc (US)

Advanced Enzyme Technologies (India)

Amano Enzyme Inc (Japan)

F. Hoffmann-La Roche Ltd (Switzerland)

New England Biolabs (US)

BBI Solutions (UK)

Creative Enzymes (US)

Bioseutica (Netherland)

SEKISUI Diagnostics (US)

[imarcmarketreport]

Mayonnaise Market Report 2024-2032: Share, Growth and Forecast

IMARC Group's report titled "Mayonnaise Market Report by Type (Unflavored mayonnaise, Flavored mayonnaise), End Use (Institutional, Retail), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retailers, Specialty Stores, and Others), and Region ​2024-2032​", offers a comprehensive analysis of the industry, which comprises insights on the global mayonnaise market share. The global market size reached US$ 12.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 18.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4% during 2024-2032. 

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Factors Affecting the Growth of the Mayonnaise Industry:

Changing Consumer Tastes and Preferences:

The rising consumption of mayonnaise due to changing tastes and preferences of individuals is impelling the growth of the market. In addition, mayonnaise benefits in enhancing the flavor of a wide range of dishes, ranging from sandwiches and salads to sauces and dips. Besides this, consumers are increasingly seeking unique flavor profiles and healthier alternatives. Furthermore, key players are developing flavored mayonnaises, such as garlic, sriracha, and chipotle varieties, to attract a wide consumer base. Moreover, the increasing demand for low-fat and reduced-calorie mayonnaise options is bolstering the market growth.  

Rising Focus on Health and Wellness:

The rising focus on health and wellness among the masses across the globe is propelling the growth of the market. Consumers are increasingly becoming conscious about the ingredients in their food and are seeking products with natural ingredients, fewer preservatives, and lower calories. Apart from this, people are looking for mayonnaise alternatives that use olive oil or avocado oil instead of traditional vegetable oils. These alternatives are perceived as healthier choice due to their unsaturated fat content. Furthermore, the growing demand for organic and non-genetically modified organism (GMO) mayonnaise is offering a positive market outlook.

Increasing Utilization in Various Culinary Applications:

The increasing utilization of mayonnaise in various culinary applications is propelling the growth of the market. In line with this, mayonnaise is a versatile ingredient and is widely employed in sandwiches, wraps, and burgers. Furthermore, the rising demand for mayonnaise-based sauces, like spicy mayo, is bolstering the market growth. Besides this, there is an increase in the demand for premium mayonnaise with unique flavor profiles. In addition, the rising consumption of mayonnaise in salads as a healthy meal option is impelling the market growth.

Leading Companies Operating in the Global Mayonnaise Industry:

Nestlé SA

Ajinomoto Co.Inc.

McCormick & Company, Inc.

Kraft Heinz

Unilever PLC

Mayonnaise Market Report Segmentation:

By Type:

Unflavored mayonnaise

Flavored mayonnaise

Unflavored mayonnaise represented the largest segment as it is widely employed in various culinary creations.

By End Use:

Institutional

Retail

Institutional accounted for the largest market share due to the rising focus on enhanced convenience and cost-effectiveness.  

By Distribution Channel:

Supermarkets and hypermarkets

Convenience stores

Online retailers

Specialty store

Others

Supermarkets and hypermarkets hold the biggest market share on account of the wide availability of mayonnaise products under one roof.  

Regional Insights:

North America (United States, Canada)

Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

Latin America (Brazil, Mexico, Others)

Middle East and Africa

North America enjoys the leading position in the mayonnaise market, which can be attributed to the thriving food and beverage (F&B) sector.   

Global Mayonnaise Market Trends:

The introduction of convenient packaging options, such as squeezable bottles, portion-controlled sachets, and resealable containers, assists in enhancing user experience and convenience. In line with this, consumers are increasingly seeking products that are easy to use and store. Furthermore, the increasing focus on eco-friendly packaging and sustainable sourcing of ingredients is impelling the market growth.

Apart from this, key players are developing allergen-free mayonnaise options due to rising dietary restrictions, including gluten-free and dairy-free diets, which are propelling the growth of the market.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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[priyanshisingh]

Salad Dressings and Mayonnaise Market Landscape: Trends, Drivers, and Forecast (2023-2032)

The Salad Dressings and Mayonnaise Market is poised for significant expansion, projected to grow from USD 1,844.12 million in 2024 to USD 3,924.38 million by 2032, demonstrating a robust compound annual growth rate (CAGR) of 9.90%.

The Salad Dressings and Mayonnaise market is a dynamic and growing segment within the broader food industry, driven by evolving consumer preferences and a rising demand for convenience foods. Market size is projected to expand significantly in the coming years, fueled by an increasing trend toward healthy eating and the adoption of diverse culinary practices. The growth in health-conscious consumers has led to a surge in demand for low-fat, organic, and gluten-free dressings, as well as mayonnaise alternatives made with healthier oils like olive or avocado. Key players in the market are focusing on innovative product launches and expanding their product portfolios to cater to varied consumer tastes. Technological advancements in packaging and preservation methods have also contributed to the market's growth by enhancing product shelf life and maintaining quality. Geographically, North America holds the largest market share, followed by Europe, due to high consumer awareness and spending power. However, the Asia-Pacific region is expected to witness the fastest growth, driven by urbanization, increasing disposable incomes, and a growing inclination towards Western food habits.

Salad Dressings and Mayonnaise come in a wide variety of types, catering to diverse tastes and dietary preferences. Here are some common types:

Salad Dressings

Vinaigrette

Classic Vinaigrette: Made with oil, vinegar, and seasonings.

Balsamic Vinaigrette: Features balsamic vinegar for a sweeter, tangier flavor.

Citrus Vinaigrette: Includes citrus juices like lemon, lime, or orange.

Creamy Dressings

Ranch: A creamy base with herbs like dill, parsley, and chives.

Caesar: A rich, anchovy-infused dressing often used in Caesar salads.

Blue Cheese: Combines blue cheese crumbles with a creamy base for a tangy taste.

Specialty Dressings

Honey Mustard: A blend of honey and mustard, often with a touch of vinegar.

Thousand Island: A sweet and tangy mix of mayonnaise, ketchup, and relish.

Green Goddess: A herb-forward dressing with a creamy base, often including tarragon and chives.

Asian-Inspired Dressings

Sesame Ginger: Combines sesame oil, ginger, soy sauce, and rice vinegar.

Miso: Features miso paste for a umami-rich flavor profile.

Mayonnaise

Classic Mayonnaise

Traditional: Made with egg yolks, oil, vinegar, or lemon juice.

Light: Lower in fat, using less oil or substituting with lighter ingredients.

Flavored Mayonnaise

Garlic Aioli: A garlic-infused version of mayonnaise.

Chipotle Mayo: Includes chipotle peppers for a smoky, spicy kick.

Herb Mayonnaise: Mixed with various herbs like basil, dill, or parsley for added flavor.

Alternative Mayonnaise

Vegan Mayonnaise: Made without eggs, often using ingredients like aquafaba or soy milk.

Avocado Mayo: Uses avocado oil for a healthier fat profile.

Olive Oil Mayo: Replaces traditional oils with olive oil for a distinct taste and health benefits.

Specialty Mayonnaise

Truffle Mayonnaise: Infused with truffle oil or pieces for a gourmet twist.

Sriracha Mayo: Combines mayonnaise with Sriracha sauce for a spicy flavor.

Key Player Analysis

Kraft Heinz

McCormick

Unilever

American Garden

Annie’s Homegrown

Cibona

Duke’s

Hidden Valley

Ken’s Foods

Kenko Mayonnaise

More About Report- https://www.credenceresearch.com/report/salad-dressings-and-mayonnaise-market

The Salad Dressings and Mayonnaise market faces several challenges that impact its growth and sustainability. These challenges include:

Health Concerns and Nutritional Content: With an increasing emphasis on health and wellness, consumers are becoming more cautious about the nutritional content of the foods they consume. Traditional salad dressings and mayonnaise are often high in fats, sugars, and calories, which can deter health-conscious consumers. Manufacturers are challenged to reformulate their products to be healthier without compromising on taste and texture.

Regulatory Compliance and Labeling: The food industry is heavily regulated, and salad dressings and mayonnaise manufacturers must comply with various local and international food safety standards and labeling requirements. Keeping up with changing regulations and ensuring accurate labeling, especially with the growing demand for transparency and clean labeling, can be a complex and costly challenge.

Market Saturation and Competition: The market is highly competitive with numerous global and local players vying for market share. This intense competition can lead to price wars, reducing profit margins. Additionally, market saturation in some regions makes it difficult for new entrants to establish themselves and for existing companies to expand their market share.

Consumer Preferences and Trends: Consumer preferences are constantly evolving, influenced by trends such as plant-based diets, organic foods, and exotic flavors. Keeping up with these trends requires continuous innovation and product development. Companies must invest in research and development to create new products that cater to changing tastes and dietary needs, which can be both time-consuming and expensive.

Supply Chain and Raw Material Costs: The cost and availability of raw materials such as oils, eggs, and vinegar can be volatile, influenced by factors like weather conditions, geopolitical issues, and economic fluctuations. These fluctuations can impact production costs and profit margins. Additionally, supply chain disruptions, as seen during the COVID-19 pandemic, can pose significant challenges to maintaining consistent product availability.

Environmental and Sustainability Concerns: There is growing consumer and regulatory pressure to adopt sustainable practices in food production. This includes sourcing raw materials responsibly, reducing carbon footprints, and using eco-friendly packaging. Adapting to these demands requires significant investment in sustainable technologies and practices, which can be a financial burden for companies.

Market Education and Consumer Awareness: Despite the growing popularity of salad dressings and mayonnaise, there is still a need for market education to increase consumer awareness about the benefits of various products, particularly healthier and specialty options. Effective marketing and education strategies are essential to inform consumers and drive demand.

Innovation and Differentiation: With a plethora of products available in the market, differentiating offerings and standing out from the competition is a constant challenge. Companies must innovate not only in terms of flavors and ingredients but also in packaging, marketing strategies, and customer engagement to attract and retain consumers.

Segments:

Based on Type:

Salad Dressings

Mayonnaise

Other

Based on Application

Daily Use

Food Industry

Others

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[ananya5400]

Food Encapsulation Market Company Share, Growth Drivers, and Forecast - 2027

The global food encapsulation market was valued at USD 11.5 billion in 2022 and is projected to reach USD 17.0 billion by 2027, growing at a CAGR of 8.2% during the study period. The market for encapsulation is growing globally at a significant pace due to its numerous applications and multiple advantages over other technologies. Some of the major advantages of encapsulation are that it helps provide enhanced stability and bioavailability to the bioactive ingredients, increases the shelf life of food products, and maintains the taste and flavor for a longer period of time. Encapsulation is increasingly used in various industrial areas, such as nutraceuticals and food & beverages.

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Restraints: More inclination toward traditional preservation methods over encapsulation techniques

Manufacturers of small and medium-sized companies in the food & beverage industry use the traditional method of preservation techniques over the encapsulation technique because food encapsulation can be expensive. New markets are being established within the functional foods sector, and researchers are in the process of meeting this demand to reduce high production costs. Encapsulation results in extra cost, which needs to be minimized to be economically acceptable by all manufacturers. This applies not only to the materials used to build capsules but also to the equipment or processing conditions. The number of core materials suitable for encapsulation is also limited. Currently, only a few bioactive ingredients and specialty ingredients, such as artificial sweeteners and encapsulated flours, which have been encapsulated, are showing desired results in terms of their sensorial properties in food applications. Further research is needed to successfully encapsulate ingredients that provide an edge over other techniques.

Energy-efficiency of spray chilling technique to drive its use in bakery products.

Spray chilling is also known as spray cooling, prilling, or spray congealing. Spray chilling is the process of solidifying an atomized liquid spray into particles. In this method, a mixture of core and wall is atomized into the cooled or chilled air, which causes the wall to solidify around the core. Unlike spray-drying, spray-chilling does not involve mass transfer (water evaporation). Therefore, it is more energy efficient. In the spray cooling method, the coating material is typically some kind of vegetable oil or its derivatives, including fat and stearin, with melting points of 45°C - 72°C.

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North America dominated the food encapsulation market; it is projected to grow at a CAGR of 7.8% during the forecast period.

The food encapsulation market in North America is influenced by factors like health awareness, the promotion of nutraceuticals and functional foods, and growing expenditure on prevention of chronic noncommunicable diseases. Food encapsulation adds value to foods and effectively delivers potent bioactives in isolation as supplements or as value addition in functional foods. The US dominated the market in 2021 and is projected to be the fastest-growing market for food encapsulation in North America. The market in this region is driven by technological advancements in food encapsulation techniques such as liposome compression, inclusion complexes, and centrifugal extrusion and the growing demand for functional and fortified foods that use encapsulated nutrients and the growing consumption of convenience foods that use encapsulated flavors and colors. Most of the key market players have a presence in the region.

The key players in this market include Cargill, Incorporated (US), Balchem (US), International Flavors & Fragrances Inc. (US), and Encapsys LLC (US).