Middle East & Africa Encapsulation Market to Grow at a CAGR of 5.8% to reach US$ 363.96 million from 2021 to 2028
The encapsulation market in Middle East & Africa is expected to grow from US$ 245.52 million in 2021 to US$ 363.96 million by 2028; it is estimated to grow at a CAGR of 5.8% from 2021 to 2028.
Encapsulation in the convenience food sector is used for protecting encapsulated color or flavor in food products, thereby extending the lifecycle of food products over various product development stages and storage. Encapsulation can provide functional properties such as controlled release in predetermined environments. Encapsulated flavors are being used extensively in the convenience food sector for the controlled release of flavors and colors in food products, including tea bags, confectionery, instant drinks, and desserts. Active ingredients in food products are encapsulated for multiple reasons including isolating active ingredients form chemical effects of oxidizing and evaporation. The encapsulation also enables the controlled release encapsulated materials, which is an essential property in medicinal drugs and pesticides. The convenience food sector consists of food products designed to reduce preparation time for the end user. The convenience food sector has witnessed a substantial increase in demand in the past decade, and it is expected to increase significantly during the forecast period. The changing fast-paced lifecycle of individuals is the primary factor driving the demand for convenience food. Further, the growing urban population has also contributed significantly to driving the need for convenience food products. Such factors are expected to drive the demand for convenience food, thereby boosting the Middle East & Africa encapsulation 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.
Middle East & Africa Encapsulation Market Revenue and Forecast to 2028 (US$ Million)
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Middle East & Africa Encapsulation Market Segmentation
Middle East & Africa Encapsulation Market – By
Coating Material
- Polymers
- Gums and Resins
- Lipids
- Carbohydrates
- Proteins
Middle East & Africa Encapsulation Market – By
Technology
- Spray Technology
- Emulsion Technology
- Dripping Technology
- Others
Middle East & Africa Encapsulation Market – By
Application
- Pharmaceuticals and Nutraceutical
- Food and Beverages
- Personal Care Products
- Agrochemicals
- Others
Middle East & Africa Encapsulation Market– By Country
- Saudi Arabia
- South Africa
- UAE
- Rest of Middle East & Africa
Middle East & Africa Encapsulation Market-Companies Mentioned
- Balchem Inc.
- BASF SE
- DSM
- FrieslandCampina
- Givaudan
- TasteTech
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. MEA Encapsulation Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.3 Expert Opinion
4.4 Ecosystem Analysis
4.4.1 Raw Material
4.4.2 Manufacturing/Processing
4.4.3 Distributors
4.4.4 End Users
5. MEA Encapsulation Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Demand for Encapsulated Flavors and Colors from Convenience Food Sector
5.1.2 Rising Demand for Encapsulated Pharmaceuticals
5.2 Market Restraints
5.2.1 Increased Cost of Production and Low Profit Margins
5.3 Market Opportunities
5.3.1 Development of Advanced Technologies
5.4 Future Trends
5.4.1 Increasing Demand for Functional Products
5.5 Impact Analysis of Drivers and Restraints
6. Encapsulation – MEA Market Analysis
6.1 MEA Encapsulation Market Overview
6.2 MEA Encapsulation Market –Revenue and Forecast to 2028 (US$ Million)
7. MEA Encapsulation Market Analysis – By Coating Material
7.1 Overview
7.2 MEA Encapsulation Market, By Coating Material (2020 and 2028)
7.3 Polymers
7.3.1 Overview
7.3.2 Polymers: MEA Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
7.4 Gums and Resins
7.4.1 Overview
7.4.2 Gums and Resins: MEA Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
7.5 Lipids
7.5.1 Overview
7.5.2 Lipids: MEA Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
7.6 Carbohydrates
7.6.1 Overview
7.6.2 Carbohydrates: MEA Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
7.7 Proteins
7.7.1 Overview
7.7.2 Proteins: MEA Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
8. MEA Encapsulation Market Analysis – By Technology
8.1 Overview
8.2 MEA Encapsulation Market, By Technology (2020 and 2028)
8.3 Spray Technology
8.3.1 Overview
8.3.2 Spray Technology: MEA Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
8.4 Emulsion Technology
8.4.1 Overview
8.4.2 Emulsion Technology: MEA Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
8.5 Dripping Technology
8.5.1 Overview
8.5.2 Dripping Technology: MEA Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Others: MEA Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
9. MEA Encapsulation Market Analysis – By Application
9.1 Overview
9.2 MEA Encapsulation Market, By Application (2020 and 2028)
9.3 Pharmaceuticals and Nutraceutical
9.3.1 Overview
9.3.2 Pharmaceuticals and Nutraceutical: MEA Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
9.4 Food and Beverages
9.4.1 Overview
9.4.2 Food and Beverages: MEA Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
9.5 Personal Care Products
9.5.1 Overview
9.5.2 Personal Care Products: MEA Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
9.6 Agrochemicals
9.6.1 Overview
9.6.2 Agrochemicals: MEA Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
9.7 Others
9.7.1 Overview
9.7.2 Others: MEA Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Source: The Insight Partners Analysis
10. MEA Encapsulation Market – Country Analysis
11. Impact of COVID-19 Pandemic on MEA Encapsulation Market
11.1 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Product Launch
12.3 Mergers & acquisition
12.4 Expansion
13. Company Profiles
13.1 Lycored
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 TasteTech
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Givaudan
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Balchem Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 FrieslandCampina
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 BASF SE
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 DSM
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. MEA Encapsulation Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. South Africa Encapsulation Market, by Coating Material– Revenue and Forecast to 2028 (USD Million)
Table 3. South Africa Encapsulation Market, by Technology – Revenue and Forecast to 2028 (USD Million)
Table 5. Saudi Arabia Encapsulation Market, by Coating Material– Revenue and Forecast to 2028 (USD Million)
Table 6. Saudi Arabia Encapsulation Market, by Technology – Revenue and Forecast to 2028 (USD Million)
Table 7. Saudi Arabia Encapsulation Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 8. UAE Encapsulation Market, by Coating Material– Revenue and Forecast to 2028 (USD Million)
Table 9. UAE Encapsulation Market, by Technology – Revenue and Forecast to 2028 (USD Million)
Table 10. UAE Encapsulation Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 11. Rest of MEA Encapsulation Market, by Coating Material– Revenue and Forecast to 2028 (USD Million)
Table 12. Rest of MEA Encapsulation Market, by Technology – Revenue and Forecast to 2028 (USD Million)
Table 13. Rest of MEA Encapsulation Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 14. Glossary of Terms, MEA Encapsulation Market
LIST OF FIGURES
Figure 1. MEA Encapsulation Market Segmentation
Figure 2. MEA Encapsulation Market Segmentation – By Country
Figure 3. MEA Encapsulation Market Overview
Figure 4. Carbohydrates Segment Held Largest Share of MEA Encapsulation Market
Figure 5. South Africa Held Largest Share of MEA Encapsulation Market
Figure 6. Porter’s Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. Ecosystem: MEA Encapsulation Market
Figure 9. MEA Encapsulation Market Impact Analysis of Drivers and Restraints
Figure 10. MEA Encapsulation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. MEA Encapsulation Market Revenue Share, By Coating Material (2020 and 2028)
Figure 12. Polymers: MEA Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 13. Gums and Resins: MEA Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 14. Lipids: MEA Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 15. Carbohydrates: MEA Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 16. Proteins: MEA Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 17. MEA Encapsulation Market Revenue Share, By Technology (2020 and 2028)
Figure 18. Spray Technology: MEA Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 19. Emulsion Technology: MEA Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 20. Dripping Technology: MEA Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 21. Others: MEA Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 22. MEA Encapsulation Market Revenue Share, By Application (2020 and 2028)
Figure 23. Pharmaceuticals and Nutraceutical: MEA Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 24. Food and Beverages: MEA Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 25. Personal Care Products: MEA Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 26. Agrochemicals: MEA Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 27. Others: MEA Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 34. Impact of COVID-19 Pandemic in Middle East & Africa Country Markets
- Balchem Inc.
- BASF SE
- DSM
- FrieslandCampina
- Givaudan
- TasteTech
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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