封面
市场调查报告书
商品编码
1503417

2030 年食品封装市场预测:按核心材料、外壳材料、技术、应用、最终用户和地区进行的全球分析

Food Encapsulation Market Forecasts to 2030 - Global Analysis By Core Material, Shell Material, Technology, Application, End User and By Geography

出版日期: | 出版商: Stratistics Market Research Consulting | 英文 200+ Pages | 商品交期: 2-3个工作天内

价格

根据 Stratistics MRC 的数据,2024 年全球食品封装市场规模为 149 亿美元,预计在预测期内将以 12.2% 的复合年增长率增长,到 2030 年达到 297 亿美元。

食品封装涉及将香料、营养素和添加剂等活性成分封装在保护材料中,以提高稳定性、控制释放或掩盖不良味道。这项技术使食材在食用前保持完整,保持新鲜度和效力。封装可以透过多种方式完成,包括喷雾干燥、挤出和乳化,以适应从饮料到补充品的特定应用。

根据 2019 年 Nutraingredients 的一篇报导,食品业消耗的维生素中有 40% 以上是胶囊化的。维生素封装是将维生素分子封装在稳定的外壳中所必需的,以防止氧化、保存营养成分并防止产品随着时间的劣化而降解。

机能性食品需求不断成长

市场需求激增,主要是由于机能性食品的日益普及。消费者越来越多地寻求能够提供基本营养以外的健康益处的产品,例如改善消化、增强免疫力和提供有针对性的营养素。这一趋势正在推动食品封装技术的创新,帮助保存和有效地提供生物活性化合物。该公司正在投资研发以满足这一需求,旨在创造出满足消费者对健康饮食选择日益增长的偏好的产品。

技术专长有限

由于技术专长有限,市场开拓面临挑战。核壳封装等创新需要材料科学和食品化学的专业知识。需要熟练的技术来了解最佳的密封剂选择、加工条件和稳定性测试。这一障碍阻碍了高效的产品开发和可扩展性。与奈米技术和聚合物化学专家的合作可以消除这些障碍并加速机能性食品材料和药物的进步。

方便食品消费增加

由于方便食品消费的增加,市场正在迅速成长。这些封装产品透过提供更高的便利性、更长的保质期和增强的感官吸引力来满足现代生活方式的需求。消费者越来越多地选择封装的即食食品、零食和饮料,以保留风味、营养和质地。这一趋势反映了人们对维持品质和新鲜度的便携式食品的需求不断增长,并凸显了该行业的重大成长机会。

监管障碍

该市场面临重大的监管障碍,主要涉及封装材料和添加剂的批准。监管机构审查这些物质的安全性、有效性以及是否符合食品安全标准。获得批准通常需要进行广泛的测试、记录并遵守严格的指南,这对于製造商来说既耗时又昂贵。此外,各地区不同的法规增加了复杂性,需要全面的理解和适应,以确保市场准入和消费者信心。

COVID-19 的影响:

COVID-19 大流行扰乱了供应链并导致原材料价格波动,对食品封装市场产生了重大影响。消费者支出的下降最初也减缓了市场成长。然而,疫情期间对有益健康的机能性食品和饮料的需求增加,导致经济復苏。公司透过专注于创新和开发封装技术来适应,以提高产品稳定性和保质期,推动疫情后的持续成长。

预计甜味剂市场在预测期内将是最大的市场

预计甜味剂细分市场在预测期内将是最大的细分市场。甜味剂用于遮罩食品中活性成分的苦味或令人不快的味道。将蔗糖、果糖和甜菊糖等常见甜味剂封装起来,以提高稳定性并确保受控控制释放。这使我们能够提高产品的适口性,同时满足消费者对更健康替代品的需求。随着产业的发展,将甜味剂整合到胶囊配方中继续推动创新并适应不同的饮食偏好。

风味稳定细分市场预计在预测期内复合年增长率最高

预计风味稳定领域在预测期内复合年增长率最高。食品封装市场中的风味稳定可确保挥发性风味化合物受到保护并保留在封装基质内,防止它们因劣化于光、氧气、水分和温度波动而变质。此技术可延长保质期,保持风味完整性,并在食用时实现控制释放,为饮料、糖果零食和烘焙等行业提供解决方案。

占比最大的地区:

预计北美在预测期内将占据最大的市场占有率。封装技术被广泛采用,以提高产品稳定性、保质期和营养物质的生物利用度。领先的公司正在投资研发,以满足消费者对更健康、更方便食品不断变化的偏好。消费者对食品品质和安全意识的提高进一步推动了市场的扩张,而封装技术对于实现食品配方中不良味道的定向释放和遮罩至关重要。

复合年增长率最高的地区:

由于人们对食品安全和品质的认识不断提高,预计亚太地区在预测期内将保持最高的复合年增长率。消费者越来越多地寻求具有付加健康益处的食品,例如可以包装以确保稳定性和有效性的维生素、矿物质和益生菌。随着该地区国家可支配收入的增加,对通常采用封装技术的优质强化食品的需求不断增加。

免费客製化服务:

订阅此报告的客户可以存取以下免费自订选项之一:

  • 公司简介
    • 其他市场参与者的综合分析(最多 3 家公司)
    • 主要企业SWOT分析(最多3家企业)
  • 区域分割
    • 根据客户兴趣对主要国家的市场估计、预测和复合年增长率(註:基于可行性检查)
  • 竞争基准化分析
    • 根据产品系列、地理分布和策略联盟对主要企业基准化分析

目录

第一章执行摘要

第二章 前言

  • 概述
  • 相关利益者
  • 调查范围
  • 调查方法
    • 资料探勘
    • 资料分析
    • 资料检验
    • 研究途径
  • 研究资讯来源
    • 主要研究资讯来源
    • 二次研究资讯来源
    • 先决条件

第三章市场趋势分析

  • 促进因素
  • 抑制因素
  • 机会
  • 威胁
  • 技术分析
  • 应用分析
  • 最终用户分析
  • 新兴市场
  • COVID-19 的影响

第4章波特五力分析

  • 供应商的议价能力
  • 买方议价能力
  • 替代品的威胁
  • 新进入者的威胁
  • 竞争公司之间的敌对关係

第五章全球食品封装市场:依核心材料分类

  • 维生素和矿物质
  • 益生菌
  • 风味与香精
  • 甜味剂
  • 酸味剂
  • 防腐剂
  • 膳食食品
  • 其他核心材料

第六章全球食品封装市场:依外壳材料

  • 多醣
  • 蛋白质
  • 脂质
  • 乳化剂
  • 其他外壳材料

第七章全球食品封装市场:依技术分类

  • 喷雾干燥
  • 喷雾冷却
  • 挤压
  • 流体化床包衣
  • 凝聚
  • 奈米乳液
  • 脂质体的封装
  • 其他技术

第八章全球食品封装市场:依应用分类

  • 颜色遮罩
  • 风味稳定
  • 氧化
  • 遮罩味
  • 其他用途

第九章全球食品封装市场:依最终用户分类

  • 食品与饮品
  • 製药公司
  • 膳食食品
  • 化妆品/个人护理
  • 其他最终用户

第十章全球食品封装市场:按地区

  • 北美洲
    • 美国
    • 加拿大
    • 墨西哥
  • 欧洲
    • 德国
    • 英国
    • 义大利
    • 法国
    • 西班牙
    • 其他欧洲国家
  • 亚太地区
    • 日本
    • 中国
    • 印度
    • 澳洲
    • 纽西兰
    • 韩国
    • 其他亚太地区
  • 南美洲
    • 阿根廷
    • 巴西
    • 智利
    • 南美洲其他地区
  • 中东/非洲
    • 沙乌地阿拉伯
    • 阿拉伯聯合大公国
    • 卡达
    • 南非
    • 其他中东和非洲

第十一章 主要进展

  • 合约、伙伴关係、协作和合资企业
  • 收购和合併
  • 新产品发布
  • 业务扩展
  • 其他关键策略

第十二章 公司概况

  • Cargill, Inc.
  • Ingredion Incorporated
  • DSM Nutritional Products
  • BASF SE
  • Kerry Group
  • Aveka Group
  • Symrise AG
  • DuPont Nutrition & Biosciences
  • Tate & Lyle PLC
  • Advanced Bionutrition Corp
  • Ingredion
  • Sphera Encapsulation
  • Balchem Encapsulates
  • CoreFX Ingredients
  • Coperion
Product Code: SMRC26587

According to Stratistics MRC, the Global Food Encapsulation Market is accounted for $14.9 billion in 2024 and is expected to reach $29.7 billion by 2030 growing at a CAGR of 12.2% during the forecast period. Food encapsulation involves enclosing active ingredients, such as flavors, nutrients, or additives, within a protective material to enhance stability, control release, or mask undesirable tastes. This technology ensures ingredients remain intact until consumption, preserving freshness and efficacy. Encapsulation can involve various methods like spray drying, extrusion, or emulsion, tailored to specific applications from beverages to supplements.

According to an article by Nutraingredients in 2019, over 40% of the vitamins consumed in the food industry are encapsulated. The encapsulation of vitamins is necessary to enclose vitamin molecules in a stable shell to prevent oxidation, preserve the nutrients, and avoid the products from deteriorating for a longer period.

Market Dynamics:

Driver:

Increasing demand for functional foods

The market is experiencing a surge in demand, largely driven by the increasing popularity of functional foods. Consumers are increasingly seeking products that offer health benefits beyond basic nutrition, such as improved digestion, enhanced immunity, and targeted nutrient delivery. This trend has propelled innovation in food encapsulation technologies, which help preserve and deliver bioactive compounds effectively. Companies are investing in research and development to meet this demand, aiming to create products that cater to the growing consumer preference for health-conscious choices in their diets.

Restraint:

Limited technical expertise

Navigating the market poses challenges due to limited technical expertise. Innovations like core-shell encapsulation require specialized knowledge in materials science and food chemistry. Understanding optimal encapsulant selection, processing conditions, and stability testing demands technical proficiency. This hurdle hinders efficient product development and scalability. Collaborations with experts in nanotechnology or polymer chemistry could mitigate these barriers, fostering advancements in functional food ingredients and pharmaceuticals.

Opportunity:

Rising consumption of convenience foods

The market is witnessing a surge driven by increasing consumption of convenience foods. These encapsulated products cater to modern lifestyles by offering enhanced convenience, longer shelf life, and improved sensory appeal. Consumers are increasingly opting for ready-to-eat meals, snacks, and beverages that are encapsulated to preserve flavors, nutrients, and textures. This trend reflects growing demand for on-the-go options that maintain quality and freshness, highlighting a significant growth opportunity within the sector.

Threat:

Regulatory hurdles

The market faces significant regulatory hurdles primarily concerning the approval of encapsulating materials and additives. Regulatory bodies scrutinize these substances for safety, efficacy, and compliance with food safety standards. Obtaining approvals often requires extensive testing, documentation, and adherence to strict guidelines, which can be time-consuming and costly for manufacturers. Moreover, differing regulations across regions add complexity, necessitating comprehensive understanding and adaptation to ensure market entry and consumer trust.

Covid-19 Impact:

The COVID-19 pandemic significantly impacted the Food Encapsulation market by disrupting supply chains and causing fluctuations in raw material prices. Reduced consumer spending also slowed market growth initially. However, increased demand for functional foods and beverages that offer health benefits amid the pandemic led to a recovery. Companies adapted by focusing on innovation and developing encapsulation technologies to enhance product stability and shelf life, driving continued growth post-pandemic.

The sweeteners segment is expected to be the largest during the forecast period

The sweeteners is expected to be the largest during the forecast period. They are used to mask bitter or unpleasant tastes of active ingredients encapsulated in food products. Common sweeteners like sucrose, fructose, and stevia are encapsulated to improve stability and ensure controlled release. This enhances product palatability while meeting consumer demand for healthier alternatives. As the industry evolves, the integration of sweeteners into encapsulated formulations continues to drive innovation and cater to diverse dietary preferences.

The flavor stabilization segment is expected to have the highest CAGR during the forecast period

The flavor stabilization segment is expected to have the highest CAGR during the forecast period. Flavor stabilization in the food encapsulation market ensures that volatile flavor compounds are protected and preserved within encapsulation matrices, preventing degradation due to exposure to light, oxygen, moisture, or temperature fluctuations. This technology enhances shelf life, maintains flavor integrity, and enables controlled release during consumption, offering solutions for industries such as beverages, confectionery, and bakery.

Region with largest share:

North America is projected to hold the largest market share during the forecast period. Encapsulation technologies are widely adopted to enhance product stability, shelf-life, and bioavailability of nutrients. Key players are investing in research and development to innovate and cater to evolving consumer preferences for healthier and convenient food options. Rising consumer awareness about food quality and safety further boosts market expansion, with encapsulation techniques proving crucial in delivering targeted release and masking undesirable flavors in food formulations.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period due to growing awareness of food safety and quality. Consumers are increasingly seeking foods with added health benefits, such as vitamins, minerals, and probiotics, which can be encapsulated to ensure stability and effectiveness. As disposable incomes rise in countries across the region, there is a growing demand for premium and fortified food products, which often utilize encapsulation technology.

Key players in the market

Some of the key players in Food Encapsulation market include Cargill, Inc., Ingredion Incorporated, DSM Nutritional Products, BASF SE, Kerry Group, Aveka Group, Symrise AG, DuPont Nutrition & Biosciences, Tate & Lyle PLC, Advanced Bionutrition Corp, Ingredion, Sphera Encapsulation, Balchem Encapsulates, CoreFX Ingredients and Coperion.

Key Developments:

In April 2023, Ingredion Incorporated announced that it has completed two strategic investments in India to expand into high-value pharmaceutical applications. Company deepens commitment in India to better serve one of the world's fastest-growing pharmaceutical markets.

In March 2023, Cargill, CUBIQ FOODS collaborated on novel fat technology to accelerate customer innovation of plant-based foods. With this strategic partnership, Cargill will have access to CUBIQ's innovative technologies to help customers develop plant-based alternative foods with benefits that surpass typical products made with animal fats or tropical oils

Core Materials Covered:

  • Vitamins & Minerals
  • Probiotics
  • Flavors & Essences
  • Sweeteners
  • Acidulants
  • Preservatives
  • Nutraceuticals
  • Other Core Materials

Shell Materials Covered:

  • Polysaccharides
  • Proteins
  • Lipids
  • Emulsifiers
  • Other Shell Materials

Technologies Covered:

  • Spray Drying
  • Spray Chilling
  • Extrusion
  • Fluid Bed Coating
  • Coacervation
  • Nanoemulsion
  • Liposome Entrapment
  • Other Technologies

Applications Covered:

  • Color Masking
  • Flavor Stabilization
  • Oxidation
  • Taste Masking
  • Other Applications

End Users Covered:

  • Food & Beverages
  • Pharmaceutical Companies
  • Nutraceutical
  • Cosmetic & Personal Care
  • Other End Users

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 Technology Analysis
  • 3.7 Application Analysis
  • 3.8 End User Analysis
  • 3.9 Emerging Markets
  • 3.10 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Food Encapsulation Market, By Core Material

  • 5.1 Introduction
  • 5.2 Vitamins & Minerals
  • 5.3 Probiotics
  • 5.4 Flavors & Essences
  • 5.5 Sweeteners
  • 5.6 Acidulants
  • 5.7 Preservatives
  • 5.8 Nutraceuticals
  • 5.9 Other Core Materials

6 Global Food Encapsulation Market, By Shell Material

  • 6.1 Introduction
  • 6.2 Polysaccharides
  • 6.3 Proteins
  • 6.4 Lipids
  • 6.5 Emulsifiers
  • 6.6 Other Shell Materials

7 Global Food Encapsulation Market, By Technology

  • 7.1 Introduction
  • 7.2 Spray Drying
  • 7.3 Spray Chilling
  • 7.4 Extrusion
  • 7.5 Fluid Bed Coating
  • 7.6 Coacervation
  • 7.7 Nanoemulsion
  • 7.8 Liposome Entrapment
  • 7.9 Other Technologies

8 Global Food Encapsulation Market, By Application

  • 8.1 Introduction
  • 8.2 Color Masking
  • 8.3 Flavor Stabilization
  • 8.4 Oxidation
  • 8.5 Taste Masking
  • 8.6 Other Applications

9 Global Food Encapsulation Market, By End User

  • 9.1 Introduction
  • 9.2 Food & Beverages
  • 9.3 Pharmaceutical Companies
  • 9.4 Nutraceutical
  • 9.5 Cosmetic & Personal Care
  • 9.6 Other End Users

10 Global Food Encapsulation Market, By Geography

  • 10.1 Introduction
  • 10.2 North America
    • 10.2.1 US
    • 10.2.2 Canada
    • 10.2.3 Mexico
  • 10.3 Europe
    • 10.3.1 Germany
    • 10.3.2 UK
    • 10.3.3 Italy
    • 10.3.4 France
    • 10.3.5 Spain
    • 10.3.6 Rest of Europe
  • 10.4 Asia Pacific
    • 10.4.1 Japan
    • 10.4.2 China
    • 10.4.3 India
    • 10.4.4 Australia
    • 10.4.5 New Zealand
    • 10.4.6 South Korea
    • 10.4.7 Rest of Asia Pacific
  • 10.5 South America
    • 10.5.1 Argentina
    • 10.5.2 Brazil
    • 10.5.3 Chile
    • 10.5.4 Rest of South America
  • 10.6 Middle East & Africa
    • 10.6.1 Saudi Arabia
    • 10.6.2 UAE
    • 10.6.3 Qatar
    • 10.6.4 South Africa
    • 10.6.5 Rest of Middle East & Africa

11 Key Developments

  • 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 11.2 Acquisitions & Mergers
  • 11.3 New Product Launch
  • 11.4 Expansions
  • 11.5 Other Key Strategies

12 Company Profiling

  • 12.1 Cargill, Inc.
  • 12.2 Ingredion Incorporated
  • 12.3 DSM Nutritional Products
  • 12.4 BASF SE
  • 12.5 Kerry Group
  • 12.6 Aveka Group
  • 12.7 Symrise AG
  • 12.8 DuPont Nutrition & Biosciences
  • 12.9 Tate & Lyle PLC
  • 12.10 Advanced Bionutrition Corp
  • 12.11 Ingredion
  • 12.12 Sphera Encapsulation
  • 12.13 Balchem Encapsulates
  • 12.14 CoreFX Ingredients
  • 12.15 Coperion

List of Tables

  • Table 1 Global Food Encapsulation Market Outlook, By Region (2022-2030) ($MN)
  • Table 2 Global Food Encapsulation Market Outlook, By Core Material (2022-2030) ($MN)
  • Table 3 Global Food Encapsulation Market Outlook, By Vitamins & Minerals (2022-2030) ($MN)
  • Table 4 Global Food Encapsulation Market Outlook, By Probiotics (2022-2030) ($MN)
  • Table 5 Global Food Encapsulation Market Outlook, By Flavors & Essences (2022-2030) ($MN)
  • Table 6 Global Food Encapsulation Market Outlook, By Sweeteners (2022-2030) ($MN)
  • Table 7 Global Food Encapsulation Market Outlook, By Acidulants (2022-2030) ($MN)
  • Table 8 Global Food Encapsulation Market Outlook, By Preservatives (2022-2030) ($MN)
  • Table 9 Global Food Encapsulation Market Outlook, By Nutraceuticals (2022-2030) ($MN)
  • Table 10 Global Food Encapsulation Market Outlook, By Other Core Materials (2022-2030) ($MN)
  • Table 11 Global Food Encapsulation Market Outlook, By Shell Material (2022-2030) ($MN)
  • Table 12 Global Food Encapsulation Market Outlook, By Polysaccharides (2022-2030) ($MN)
  • Table 13 Global Food Encapsulation Market Outlook, By Proteins (2022-2030) ($MN)
  • Table 14 Global Food Encapsulation Market Outlook, By Lipids (2022-2030) ($MN)
  • Table 15 Global Food Encapsulation Market Outlook, By Emulsifiers (2022-2030) ($MN)
  • Table 16 Global Food Encapsulation Market Outlook, By Other Shell Materials (2022-2030) ($MN)
  • Table 17 Global Food Encapsulation Market Outlook, By Technology (2022-2030) ($MN)
  • Table 18 Global Food Encapsulation Market Outlook, By Spray Drying (2022-2030) ($MN)
  • Table 19 Global Food Encapsulation Market Outlook, By Spray Chilling (2022-2030) ($MN)
  • Table 20 Global Food Encapsulation Market Outlook, By Extrusion (2022-2030) ($MN)
  • Table 21 Global Food Encapsulation Market Outlook, By Fluid Bed Coating (2022-2030) ($MN)
  • Table 22 Global Food Encapsulation Market Outlook, By Coacervation (2022-2030) ($MN)
  • Table 23 Global Food Encapsulation Market Outlook, By Nanoemulsion (2022-2030) ($MN)
  • Table 24 Global Food Encapsulation Market Outlook, By Liposome Entrapment (2022-2030) ($MN)
  • Table 25 Global Food Encapsulation Market Outlook, By Other Technologies (2022-2030) ($MN)
  • Table 26 Global Food Encapsulation Market Outlook, By Application (2022-2030) ($MN)
  • Table 27 Global Food Encapsulation Market Outlook, By Color Masking (2022-2030) ($MN)
  • Table 28 Global Food Encapsulation Market Outlook, By Flavor Stabilization (2022-2030) ($MN)
  • Table 29 Global Food Encapsulation Market Outlook, By Oxidation (2022-2030) ($MN)
  • Table 30 Global Food Encapsulation Market Outlook, By Taste Masking (2022-2030) ($MN)
  • Table 31 Global Food Encapsulation Market Outlook, By Other Applications (2022-2030) ($MN)
  • Table 32 Global Food Encapsulation Market Outlook, By End User (2022-2030) ($MN)
  • Table 33 Global Food Encapsulation Market Outlook, By Food & Beverages (2022-2030) ($MN)
  • Table 34 Global Food Encapsulation Market Outlook, By Pharmaceutical Companies (2022-2030) ($MN)
  • Table 35 Global Food Encapsulation Market Outlook, By Nutraceutical (2022-2030) ($MN)
  • Table 36 Global Food Encapsulation Market Outlook, By Cosmetic & Personal Care (2022-2030) ($MN)
  • Table 37 Global Food Encapsulation Market Outlook, By Other End Users (2022-2030) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.