Ascorbic acid is a water-soluble molecule with a primary role in the maintenance of various biological activities. The ascorbic acid is majorly used in cosmetic formulations because of its antioxidant property and ability to increase collagen synthesis. It acts as a cofactor for essential enzymes in collagen biosynthesis. Microencapsulation is a promising approach which ensures ascorbic acid's stability and improves consumer acceptability towards the carrier food. The most commonly used techniques for ascorbic acid (water-soluble) encapsulation are spray drying, liposomes, spray cooling, spray chilling, fluidized bed coating, and extrusion.
MARKET DYNAMICS
The advent of numerous methods to improve encapsulation has positively impacted the encapsulated ascorbic acid market. Some of these improvements are spray cooling, spray drying, spray chilling, extrusion, fluidized bed coating, etc. With the increasing awareness about the benefits of functional food and dietary supplements among the populace and surging disposable income, consumers have been willing to pay a premium price for value-added products. Hence, there is a massive opportunity for manufacturers to expand their business in the encapsulation market in countries like India and China. Small enterprises have also been delivering generic encapsulated products in the market at competitive prices, which has been further boosting awareness. However, the factors such as special handling/storage conditions required and the high cost associated with the encapsulation techniques may hamper the encapsulated ascorbic acid market growth.
MARKET SCOPE
The "Global Encapsulated Ascorbic Acid Market Analysis to 2028" is a specialized and in-depth study of the food and beverage industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the encapsulated ascorbic acid market with detailed market segmentation by method, technology and application. The global encapsulated ascorbic acid market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading encapsulated ascorbic acid market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global encapsulated ascorbic acid market is segmented into method, technology and application. By method, the encapsulated ascorbic acid market is classified into Spray Drying, Spray Cooling, Spray Chilling, Fluidized Bed Coating, Liposomes, Extrusion, Others. By technology, the encapsulated ascorbic acid market is classified into Microencapsulation, Nanoencapsulation. By application, the encapsulated ascorbic acid market is classified into Food & Beverage, Dietary Supplements.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global encapsulated ascorbic acid market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The encapsulated ascorbic acid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the encapsulated ascorbic acid market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the encapsulated ascorbic acid market in these regions.
MARKET PLAYERS
The report covers vital developments in the encapsulated ascorbic acid market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the encapsulated ascorbic acid market are anticipated to lucrative growth opportunities in the future with the rising demand for encapsulated ascorbic acid in the global market. Below mentioned is the list of few companies engaged in the encapsulated ascorbic acid market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the encapsulated ascorbic acid market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- Watson Inc.
- Balchem Inc.
- Hielscher Ultrasonics GmbH
- Salvona Technologies
- Engormix
- Lycored
- AVITASA
- The Good Scents Company
- Trulux Pty Ltd.
- Biostadt India Limited
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.