CAPSULTEK technology is mainly addressed at the production of new functional and enriched foods. It has a very broad potential market that today comprises more than 385 products in the European market and more than 503 different “active” ingredients.
In Europe there are approximately 200 companies producing functional foods, of which 25% are SMEs. Flagship clients will be food industry companies specialized in the following product types: dairy (54.3%), beverages (30.1%), cereals (3.4%), confectionery (3.1%), fats (3.1%), infant foods (2.3%) and bakery (1.3%). Health-consciousness among consumers is increasing and as a consequence, food companies are active in the functional food market.
Food encapsulation market is projected to reach USD 41.74 Billion by 2021 because consumers are increasing consumption of functional foods due to price, taste, flavour and colour improvements. Functional food value chain is led by TIER 1 global players like Kellogg Company, Nestlé and PepsiCo although there are many other several prominent vendors like Kraft, Unilever, Campbell Soup, Ordesa, Fonterra or Danone. In the TIER 2, high-tech SME’s such as Biosearch S.A. or Biopolis S.L. can be found as active ingredient suppliers.
CAPSULTEK technology is versatile. The production plant that will be upscaled can be shifted from Omega-3 to other encapsulation ingredients with no need of significant changes, but only additional equipment (e.g. Nitrogen injection for pharma products).
In the long-term, Omega-3 demand is expected to grow at a CARG of 8.7% in terms of volume from 2014 to 2022. This supposes an augment in the market size that Goedomega-3 estimates in $11-12 billion for infant formulas, $4-6 billion for food supplements, and $5-7 billion for nutritional supplements and clinical nutrition.
According to the worldwide consumption of DHA enriched products (86,400 metric tonnes in 2016*) and the expected growing demand, we have estimated a worldwide market penetration of 0.16 % by 2021, reaching a value of 5.3% by 2025 when the production capacity is scaled-up.
*key assumption: average content in Omega-3 enriched products (infant formulas, animal feed, dietary supplements, clinical nutrition and pharmaceuticals) is set up at 5% of DHA (w/w).