Food and Beverages Segment to Dominate Middle East & Africa Encapsulation Market during 2018–2028
According to The Insight Partners market research study on “Middle East & Africa Encapsulation Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Coating Material, Technology, and Application,” is expected to reach US$ 363.96 million by 2028 from US$ 245.52 million in 2021. The market is estimated to grow at a CAGR of 5.8% from 2021 to 2028. Growing demand for encapsulated flavors and colors from convenience food sector is the major factor driving the growth of the Middle East & Africa encapsulation market. However, increased cost of production and low profit margins may hinder the growth of Middle East & Africa encapsulation market. The report provides trends prevailing in the Middle East & Africa encapsulation market along with the drivers and restraints pertaining to the market growth.
The COVID-19 pandemic has significantly disrupted the manufacturing sector in terms of operational efficiency, owing to extended lockdowns across the region, restrictions imposed on international trades, the shutdown of manufacturing units, travel bans, supply chain disintegration, shortage in the supply of raw materials, and many other factors. In the Middle East & Africa, South Africa had the most COVID-19 cases, followed by Saudi Arabia and the UAE. Various chemicals and materials companies remained closed due to lockdowns, resulting in a decrease in the sale of various products, thereby affecting the encapsulation market. However, the implementation of effective government policies in countries like the UAE has significantly revived the industrial activities across the region, which is projected to favor the growth of the encapsulation market in the Middle East & Africa.
The Middle East & Africa encapsulation market is segmented into coating material, technology, application, and country. Based on coating material, the Middle East & Africa encapsulation market is segmented into polymers, gums and resins, lipids, carbohydrates, and lipids. In 2020, the carbohydrates segment held the largest share Middle East & Africa encapsulation market. Based on technology, the Middle East & Africa encapsulation market is segmented into spray technology, emulsion technology, dripping technology and others. In 2020, the spray technology segment held the largest share Middle East & Africa encapsulation market. Based on by application, the Middle East & Africa encapsulation market is segmented into pharmaceuticals and nutraceutical, food and beverages, personal care products, agrochemicals, and other. In 2020, the food and beverages segment held the largest share Middle East & Africa encapsulation market. Based on country, the Middle East & Africa encapsulation market is segmented into Saudi Arabia, South Africa, UAE, and rest of Middle East & Africa. In 2020, South Africa held the largest share Middle East & Africa encapsulation market
Balchem Inc.; BASF SE; DSM; FrieslandCampina; Givaudan; and TasteTech are among the leading companies in the Middle East & Africa encapsulation market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Givaudan closed the acquisition of biotech company Alderys. The acquisition is expected to expand the company’s portfolio of environmentally friendly cosmetic and perfumery ingredients.
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