Food Encapsulation Market Estimated to be $35.4 billion in 2014
The market research company MarketsandMarkets claims that the food encapsulation will be a $35.4 billion industry by 2014 in their latest pricy market research report. From PR Newswire:
According to a new market research report, ‘Global Food Encapsulation Market’ (2009 – 2014)’, published by MarketsandMarkets (http://www.marketsandmarkets.com) analyzes the food encapsulation technology, ingredients and packaging market over the period 2009-2014. The report studies the major market drivers, restraints, and opportunities for the global food encapsulation market; and also evaluates the major trends in the macro- and micro-markets with respect to different geographic regions.
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The global food encapsulation market is estimated to be $35.4 billion by 2014, growing at a CAGR of 6.9 % from 2009 to 2014, driven by factors such as increased shelf life and enhanced bioavailability offered by food encapsulation technologies. The markets for food encapsulation technology, ingredients and packaging are expected to grow at a CAGR of 7.7%, 6.2% and 4.1% respectively.With increase in demands for functional or health enhancing convenience foods, due to increased health awareness globally, food encapsulation has seen numerous developments in the recent years. Rapid growth is expected in food categories such as microwavable foods, convenience foods and fortified foods.