Market Share of Microencapsulated Food Ingredient Industry
The global microencapsulated food ingredient market is competitive in nature having a large number of domestic and multinational players competing for market share. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. For instance, in June 2017, Balchem Corporation acquired Innovative Food Processors Inc. (IFP). IFP, a regional manufacturer of agglomerated microencapsulated flavor in North America, to integrate with the expertise solutions in flavor encapsulation research from IFP. Key players dominating the market include Cargill Inc., BASF SE, DSM, Ingredion Inc., FrieslandCampina Ingredients, and Balchem Inc., among others.
Microencapsulated Food Ingredient Market Leaders
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BASF SE
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Cargill Incorporated
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DSM
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Ingredion Inc.
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FrieslandCampina Ingredients
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Balchem Inc.
*Disclaimer: Major Players sorted in no particular order
