A05827 | Pages: 249 | Nov 2019 | 5512 Views | ||
Author(s) : Aniket Kadam , Roshan Deshmukh | Tables: 106 | Charts: 64 |
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Request Now !The nanoemulsion market size was valued at $2,084.4 million in 2018, and is projected to reach $4,910.3 million by 2026, growing at a CAGR of 11.5% from 2019 to 2026.
An emulsion process is a heterogeneous system, which consists of at least one immiscible liquid dispersed in another liquid in the form of droplets, whose diameter exceeds 0.1 μm. The function of a nanoemulsifier is to unify oily and aqueous phases of an emulsion in a homogeneous and stable preparation. Nanoemulsion technology majorly finds its application in improving the stability of food ingredients and decreasing air-induced food degradation or decreasing the evaporation of food aroma. One of the key applications of encapsulation in the food industry is probiotics. Probiotics are defined as microorganisms that provide health benefits when consumed in adequate amounts. Food grade nanoemulsions are being increasingly used in production for improving digestibility, efficient encapsulation, increasing bioavailability, and targeted delivery.
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In the recent years, an exponential increase has been witnessed in the global population, which has propelled the food requirement. This in turn is expected to boost the need for new types of emulsifiers in the food industry. In addition, rise in demand for various types of technologies in production of nanoemulsion is driving the growth of the nanoemulsion market. Moreover, improvement in manufacturing process of nanoemulsions to reduce errors in taste or in the specification of ingredients that are to be added is anticipated to augment the nanoemulsion market growth. In addition, their ability of encapsulation of lipophilic components such as vitamins, flavors, and nutraceuticals in foods is proving to be a key factor that is attracting food manufacturers, which fuels the growth of the nanoemulsion market trends. However, nanoemulsion technology is expensive as compared with other regular emulsifying techniques adopted during the production of the food. This makes emulsifiers made using nanoemulsifying techniques to be counted in the premium product range. This leads to decrease in affordability for the product among common end users such as smaller industries and new entrants in the market. Thus, increase in price of new machines and high production cost of emulsifiers hamper the growth of the market. On the contrary, nanoemulsions have potential advantages over conventional emulsions such as their improved bioavailability and enhanced physical stability. In addition, sustainable technology is preferred in the manufacturing of products using more natural and organic products. Thus, all these factors together are expected to offer lucrative nanoemulsion market opportunities for expansion. However, there are some of regulatory aspects regarding addition of ingredients, which hamper the growth of the nanoemulsion market forecast.
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The global nanoemulsion market is segmented into type, application, and region. Deepening on type, the market is categorized into small-molecule surfactant, protein-stabilized emulsions, and polysaccharide. Among these, the small-molecule surfactants segment accounted for a higher nanoemulsion market share in 2018 owing to upsurge in demand for small-molecule surfactants from various food manufacturers. Use of Nanotechnology in manufacturing of emulsion is a latest trend in the food industry. Being latest in the industry the present cost of the manufacturing is very high. Opportunities lies in reducing the cost of machinery used in production of nanoemulsions, and designing more easy and compact designs. Local manufacturers can afford the technology and installation if the cost of the technology reduces and it will grow the market from domestic level. Competitors can also try new food grade ingredients which will give many more benefits and will prove advantageous to the food.
North America and Europe are known to be the dominant regions in the Nanoemulsion Market. North America has witnessed higher rate of traction for different types of emulsifiers owing to their increased demand from the nanoemulsion industry. Some of the key macroeconomic factors such as rise in internet penetration rate, surge in per-capita income also play an important role in contributing to the overall growth of the nanoemulsion market.
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However, Asia-Pacific is expected to exhibit significant growth in the future, owing to rise in demand for different types of nanoemulsifiers and food items made using this technology. In addition, the region has witnessed considerable surge in the number of millennials, who are the forefront consumers of food. Therefore, rise in millennial population is anticipated to offer remunerative opportunity for the growth of nanoemulsion market.
Some of the key companies profiled in the report include AQUANOVA AG, Keystone Foods, Shemen Industries Ltd., Frutarom Group, Jamba, WILD Flavors and Specialty Ingredients, Unilever Group, Nestle S.A., DuPont, and The Kraft Heinz Company.
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Key Market Segments
Key Market Players
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Innovation is the key for the growth of the nanoemulsion market. Rise in demand for various emulsifying agents among target customer makes way for the manufacturers to come up with innovation in emulsifying technology. This is anticipated to boost the growth of the nanoemulsion market.
Manufacturers focus on the food industry and majorly B2B supply chain, where emulsifiers are sold to the manufacturers so that they can add it in their own product portfolio. Moreover, increase in curiosity of millennials to try innovative food boosts the growth of the nanoemulsion market.
Furthermore, rise in rate of internet penetration around the major parts of the world makes way for manufacturers to initiate several key online marketing programs. These online platforms are one of the easiest ways to create awareness about the specifications and features of the nanoemulsifiers among the target customers. Hence, tapping into such markets is expected to create opportunities for nanoemulsion market expansion.
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