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Feed Encapsulation

Selected research

Market Analysis & Forecast

Global Feed Encapsulation Market Analysis and Forecast 2026-2032

Market perspective

The global Feed Encapsulation market is projected to grow from US$ million in 2026 to US$ million by 2032, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.

The US & Canada market for Feed Encapsulation is estimated to increase from $ million in 2026 to reach $ million by 2032, at a CAGR of % during the forecast period of 2026 through 2032.

Europe market for Feed Encapsulation is estimated to increase from $ million in 2026 to reach $ million by 2032, at a CAGR of % during the forecast period of 2026 through 2032.

Read the full market overview

Asia-Pacific market for Feed Encapsulation is estimated to increase from $ million in 2026 to reach $ million by 2032, at a CAGR of % during the forecast period of 2026 through 2032.

The China market for Feed Encapsulation is estimated to increase from $ million in 2026 to reach $ million by 2032, at a CAGR of % during the forecast period of 2026 through 2032.

The major global manufacturers of Feed Encapsulation include Balchem Corporation, Kemin industries, DSM Nutritional Products, Bialtec, Delacon Biotechnik, Adisseo, Evonik Industries, Novus International and Phytobiotics, etc. In 2025, the world's top three vendors accounted for approximately % of the revenue.

This report presents an overview of global market for Feed Encapsulation, sales, revenue and price. Analyses of the global market trends, with historic market revenue or sales data for 2021 - 2025, estimates for 2026, and projections of CAGR through 2032.

This report researches the key producers of Feed Encapsulation, also provides the sales of main regions and countries. Of the upcoming market potential for Feed Encapsulation, and key regions or countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.

This report focuses on the Feed Encapsulation sales, revenue, market share and industry ranking of main manufacturers, data from 2021 to 2026. Identification of the major stakeholders in the global Feed Encapsulation market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2021 to 2032. Evaluation and forecast the market size for Feed Encapsulation sales, projected growth trends, production technology, application and end-user industry.

Feed Encapsulation Segment by Company

Balchem Corporation

Kemin industries

DSM Nutritional Products

Bialtec

Delacon Biotechnik

Adisseo

Evonik Industries

Novus International

Phytobiotics

Feed Encapsulation Segment by Type

Lipid-Based Coatings

Polymers

Protein-Based Coatings

Carbohydrates

Natural Materials

Feed Encapsulation Segment by Application

Poultry

Swine

Aquaculture

Ruminants

Others

Feed Encapsulation Segment by Region

North America

United States

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Spain

Netherlands

Switzerland

Sweden

Poland

Asia-Pacific

China

Japan

South Korea

India

Australia

Taiwan

Southeast Asia

South America

Brazil

Argentina

Chile

Middle East & Africa

Egypt

South Africa

Israel

Türkiye

GCC Countries

Study Objectives

1. To analyze and research the global status and future forecast, involving growth rate (CAGR), market share, historical and forecast.

2. To present the key manufacturers, sales, revenue, market share, and Recent Developments.

3. To split the breakdown data by regions, type, manufacturers, and Application.

4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.

5. To identify significant trends, drivers, influence factors in global and regions.

6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Feed Encapsulation market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.

2. This report will help stakeholders to understand the global industry status and trends of Feed Encapsulation and provides them with information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in sales and value), competitor ecosystem, new product development, expansion, and acquisition.

4. This report stays updated with novel technology integration, features, and the latest developments in the market.

5. This report helps stakeholders to gain insights into which regions to target globally.

6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Feed Encapsulation.

7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by type and by application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 3: Sales (consumption), revenue of Feed Encapsulation in global, regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 4: Detailed analysis of Feed Encapsulation manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.

Chapter 5: Provides the analysis of various market segments by type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 6: Provides the analysis of various market segments by application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 7: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Feed Encapsulation sales, revenue, price, gross margin, and recent development, etc.

Chapter 8: North America by type, by application and by country, sales, and revenue for each segment.

Chapter 9: Europe by type, by application and by country, sales, and revenue for each segment.

Chapter 10: China type, by application, sales, and revenue for each segment.

Chapter 11: Asia (excluding China) type, by application and by region, sales, and revenue for each segment.

Chapter 12: South America, Middle East and Africa by type, by application and by country, sales, and revenue for each segment.

Chapter 13: Analysis of industrial chain, sales channel, key raw materials, distributors and customers.

Chapter 14: The main concluding insights of the report.

More report detail

Tables and figures
List of Tables Table 1. Global Feed Encapsulation Market Size Growth Rate by Type (US$ Million), 2021 VS 2025 VS 2032 Table 2. Lipid-Based Coatings Major Manufacturers Table 3. Polymers Major Manufacturers Table 4. Protein-Based Coatings Major Manufacturers Table 5. Carbohydrates Major Manufacturers Table 6. Natural Materials Major Manufacturers Table 7. Global Feed Encapsulation Market Size Growth Rate by Application (US$ Million), 2021 VS 2025 VS 2032 Table 8. Poultry Major Manufacturers Table 9. Swine Major Manufacturers Table 10. Aquaculture Major Manufacturers Table 11. Ruminants Major Manufacturers Table 12. Others Major Manufacturers Table 13. Feed Encapsulation Industry Trends Table 14. Feed Encapsulation Industry Drivers Table 15. Feed Encapsulation Industry Opportunities and Challenges Table 16. Feed Encapsulation Industry Restraints Table 17. Global Feed Encapsulation Revenue Grow Rate (CAGR) by Region: 2021 VS 2025 VS 2032 (US$ Million) Table 18. Global Feed Encapsulation Revenue by Region (2021-2026) & (US$ Million) Table 19. Global Feed Encapsulation Revenue by Region (2027-2032) & (US$ Million) Table 20. Global Feed Encapsulation Revenue Market Share by Region (2021-2026) Table 21. Global Feed Encapsulation Revenue Market Share by Region (2027-2032) Table 22. Global Feed Encapsulation Sales Grow Rate (CAGR) by Region: 2021 VS 2025 VS 2032 (kt) Table 23. Global Feed Encapsulation Sales by Region (2021-2026) & (kt) Table 24. Global Feed Encapsulation Sales by Region (2027-2032) & (kt) Table 25. Global Feed Encapsulation Sales Market Share by Region (2021-2026) Table 26. Global Feed Encapsulation Sales Market Share by Region (2027-2032) Table 27. Global Feed Encapsulation Revenue by Manufacturers (US$ Million) & (2021-2026) Table 28. Global Feed Encapsulation Revenue Market Share by Manufacturers (2021-2026) Table 29. Global Feed Encapsulation Sales by Manufacturers (US$ Million) & (2021-2026) Table 30. Global Feed Encapsulation Sales Market Share by Manufacturers (2021-2026) Table 31. Global Feed Encapsulation Sales Price (USD/ton) of Manufacturers (2021-2026) Table 32. Global Feed Encapsulation Key Manufacturers Ranking, 2024 VS 2025 VS 2026 Table 33. Global Feed Encapsulation Key Manufacturers Manufacturing Sites & Headquarters Table 34. Global Feed Encapsulation Manufacturers, Product Type & Application Table 35. Global Feed Encapsulation Manufacturers' Establishment Date Table 36. Global Manufacturers Market Concentration Ratio (CR5 and HHI) Table 37. Global Feed Encapsulation by Manufacturers Type (Tier 1, Tier 2, and Tier 3) & (Based on the Revenue of 2025) Table 38. Global Feed Encapsulation Revenue by Type 2021 VS 2025 VS 2032 (US$ Million) Table 39. Global Feed Encapsulation Revenue by Type (2021-2026) & (US$ Million) Table 40. Global Feed Encapsulation Revenue by Type (2027-2032) & (US$ Million) Table 41. Global Feed Encapsulation Revenue Market Share by Type (2021-2026) Table 42. Global Feed Encapsulation Revenue Market Share by Type (2027-2032) Table 43. Global Feed Encapsulation Sales by Type 2021 VS 2025 VS 2032 (kt) Table 44. Global Feed Encapsulation Sales by Type (2021-2026) & (kt) Table 45. Global Feed Encapsulation Sales by Type (2027-2032) & (kt) Table 46. Global Feed Encapsulation Sales Market Share by Type (2021-2026) Table 47. Global Feed Encapsulation Sales Market Share by Type (2027-2032) Table 48. Global Feed Encapsulation Price by Type (2021-2026) & (USD/ton) Table 49. Global Feed Encapsulation Price by Type (2027-2032) & (USD/ton) Table 50. Global Feed Encapsulation Revenue by Application 2021 VS 2025 VS 2032 (US$ Million) Table 51. Global Feed Encapsulation Revenue by Application (2021-2026) & (US$ Million) Table 52. Global Feed Encapsulation Revenue by Application (2027-2032) & (US$ Million) Table 53. Global Feed Encapsulation Revenue Market Share by Application (2021-2026) Table 54. Global Feed Encapsulation Revenue Market Share by Application (2027-2032) Table 55. Global Feed Encapsulation Sales by Application 2021 VS 2025 VS 2032 (kt) Table 56. Global Feed Encapsulation Sales by Application (2021-2026) & (kt) Table 57. Global Feed Encapsulation Sales by Application (2027-2032) & (kt) Table 58. Global Feed Encapsulation Sales Market Share by Application (2021-2026) Table 59. Global Feed Encapsulation Sales Market Share by Application (2027-2032) Table 60. Global Feed Encapsulation Price by Application (2021-2026) & (USD/ton) Table 61. Global Feed Encapsulation Price by Application (2027-2032) & (USD/ton) Table 62. Balchem Corporation Company Information Table 63. Balchem Corporation Business Overview Table 64. Balchem Corporation Feed Encapsulation Sales (kt), Revenue (US$ Million), Price (USD/ton) and Gross Margin (2021-2026) Table 65. Balchem Corporation Feed Encapsulation Product Portfolio Table 66. Balchem Corporation Recent Development Table 67. Kemin industries Company Information Table 68. Kemin industries Business Overview Table 69. Kemin industries Feed Encapsulation Sales (kt), Revenue (US$ Million), Price (USD/ton) and Gross Margin (2021-2026) Table 70. Kemin industries Feed Encapsulation Product Portfolio Table 71. Kemin industries Recent Development Table 72. DSM Nutritional Products Company Information Table 73. DSM Nutritional Products Business Overview Table 74. DSM Nutritional Products Feed Encapsulation Sales (kt), Revenue (US$ Million), Price (USD/ton) and Gross Margin (2021-2026) Table 75. DSM Nutritional Products Feed Encapsulation Product Portfolio Table 76. DSM Nutritional Products Recent Development Table 77. Bialtec Company Information Table 78. Bialtec Business Overview Table 79. Bialtec Feed Encapsulation Sales (kt), Revenue (US$ Million), Price (USD/ton) and Gross Margin (2021-2026) Table 80. Bialtec Feed Encapsulation Product Portfolio Table 81. Bialtec Recent Development Table 82. Delacon Biotechnik Company Information Table 83. Delacon Biotechnik Business Overview Table 84. Delacon Biotechnik Feed Encapsulation Sales (kt), Revenue (US$ Million), Price (USD/ton) and Gross Margin (2021-2026) Table 85. Delacon Biotechnik Feed Encapsulation Product Portfolio Table 86. Delacon Biotechnik Recent Development Table 87. Adisseo Company Information Table 88. Adisseo Business Overview Table 89. Adisseo Feed Encapsulation Sales (kt), Revenue (US$ Million), Price (USD/ton) and Gross Margin (2021-2026) Table 90. Adisseo Feed Encapsulation Product Portfolio Table 91. Adisseo Recent Development Table 92. Evonik Industries Company Information Table 93. Evonik Industries Business Overview Table 94. Evonik Industries Feed Encapsulation Sales (kt), Revenue (US$ Million), Price (USD/ton) and Gross Margin (2021-2026) Table 95. Evonik Industries Feed Encapsulation Product Portfolio Table 96. Evonik Industries Recent Development Table 97. Novus International Company Information Table 98. Novus International Business Overview Table 99. Novus International Feed Encapsulation Sales (kt), Revenue (US$ Million), Price (USD/ton) and Gross Margin (2021-2026) Table 100. Novus International Feed Encapsulation Product Portfolio Table 101. Novus International Recent Development Table 102. Phytobiotics Company Information Table 103. Phytobiotics Business Overview Table 104. Phytobiotics Feed Encapsulation Sales (kt), Revenue (US$ Million), Price (USD/ton) and Gross Margin (2021-2026) Table 105. Phytobiotics Feed Encapsulation Product Portfolio Table 106. Phytobiotics Recent Development Table 107. North America Feed Encapsulation Revenue by Type (2021-2026) & (US$ Million) Table 108. North America Feed Encapsulation Revenue by Type (2027-2032) & (US$ Million) Table 109. North America Feed Encapsulation Sales by Type (2021-2026) & (kt) Table 110. North America Feed Encapsulation Sales by Type (2027-2032) & (kt) Table 111. North America Feed Encapsulation Sales Price by Type (2021-2026) & (USD/ton) Table 112. North America Feed Encapsulation Sales Price by Type (2027-2032) & (USD/ton) Table 113. North America Feed Encapsulation Revenue by Application (2021-2026) & (US$ Million) Table 114. North America Feed Encapsulation Revenue by Application (2027-2032) & (US$ Million) Table 115. North America Feed Encapsulation Sales by Application (2021-2026) & (kt) Table 116. North America Feed Encapsulation Sales by Application (2027-2032) & (kt) Table 117. North America Feed Encapsulation Sales Price by Application (2021-2026) & (USD/ton) Table 118. North America Feed Encapsulation Sales Price by Application (2027-2032) & (USD/ton) Table 119. North America Feed Encapsulation Revenue Grow Rate by Country (2021 VS 2025 VS 2032) & (US$ Million) Table 120. North America Feed Encapsulation Revenue Grow Rate by Country (2021-2026) & (US$ Million) Table 121. North America Feed Encapsulation Revenue Grow Rate by Country (2027-2032) & (US$ Million) Table 122. North America Feed Encapsulation Sales by Country (2021 VS 2025 VS 2032) & (kt) Table 123. North America Feed Encapsulation Sales by Country (2021-2026) & (kt) Table 124. North America Feed Encapsulation Sales by Country (2027-2032) & (kt) Table 125. North America Feed Encapsulation Sales Price by Country (2021-2026) & (USD/ton) Table 126. North America Feed Encapsulation Sales Price by Country (2027-2032) & (USD/ton) Table 127. United States Feed Encapsulation Revenue (2021-2032) & (US$ Million) Table 128. Canada Feed Encapsulation Revenue (2021-2032) & (US$ Million) Table 129. Mexico Feed Encapsulation Revenue (2021-2032) & (US$ Million) Table 130. Europe Feed Encapsulation Revenue by Type (2021-2026) & (US$ Million) Table 131. Europe Feed Encapsulation Revenue by Type (2027-2032) & (US$ Million) Table 132. Europe Feed Encapsulation Sales by Type (2021-2026) & (kt) Table 133. Europe Feed Encapsulation Sales by Type (2027-2032) & (kt) Table 134. Europe Feed Encapsulation Sales Price by Type (2021-2026) & (USD/ton) Table 135. Europe Feed Encapsulation Sales Price by Type (2027-2032) & (USD/ton) Table 136. Europe Feed Encapsulation Revenue by Application (2021-2026) & (US$ Million) Table 137. Europe Feed Encapsulation Revenue by Application (2027-2032) & (US$ Million) Table 138. Europe Feed Encapsulation Sales by Application (2021-2026) & (kt) Table 139. Europe Feed Encapsulation Sales by Application (2027-2032) & (kt) Table 140. Europe Feed Encapsulation Sales Price by Application (2021-2026) & (USD/ton) Table 141. Europe Feed Encapsulation Sales Price by Application (2027-2032) & (USD/ton) Table 142. Europe Feed Encapsulation Revenue Grow Rate by Country (2021 VS 2025 VS 2032) & (US$ Million) Table 143. Europe Feed Encapsulation Revenue Grow Rate by Country (2021-2026) & (US$ Million) Table 144. Europe Feed Encapsulation Revenue Grow Rate by Country (2027-2032) & (US$ Million) Table 145. Europe Feed Encapsulation Sales by Country (2021 VS 2025 VS 2032) & (kt) Table 146. Europe Feed Encapsulation Sales by Country (2021-2026) & (kt) Table 147. Europe Feed Encapsulation Sales by Country (2027-2032) & (kt) Table 148. Europe Feed Encapsulation Sales Price by Country (2021-2026) & (USD/ton) Table 149. Europe Feed Encapsulation Sales Price by Country (2027-2032) & (USD/ton) Table 150. Germany Feed Encapsulation Revenue (2021-2032) & (US$ Million) Table 151. France Feed Encapsulation Revenue (2021-2032) & (US$ Million) Table 152. U.K. Feed Encapsulation Revenue (2021-2032) & (US$ Million) Table 153. Italy Feed Encapsulation Revenue (2021-2032) & (US$ Million) Table 154. Russia Feed Encapsulation Revenue (2021-2032) & (US$ Million) Table 155. Spain Feed Encapsulation Revenue (2021-2032) & (US$ Million) Table 156. Netherlands Feed Encapsulation Revenue (2021-2032) & (US$ Million) Table 157. Switzerland Feed Encapsulation Revenue (2021-2032) & (US$ Million) Table 158. Sweden Feed Encapsulation Revenue (2021-2032) & (US$ Million) Table 159. Poland Feed Encapsulation Revenue (2021-2032) & (US$ Million) Table 160. China Feed Encapsulation Revenue by Type (2021-2026) & (US$ Million) Table 161. China Feed Encapsulation Revenue by Type (2027-2032) & (US$ Million) Table 162. China Feed Encapsulation Sales by Type (2021-2026) & (kt) Table 163. China Feed Encapsulation Sales by Type (2027-2032) & (kt) Table 164. China Feed Encapsulation Sales Price by Type (2021-2026) & (USD/ton) Table 165. China Feed Encapsulation Sales Price by Type (2027-2032) & (USD/ton) Table 166. China Feed Encapsulation Revenue by Application (2021-2026) & (US$ Million) Table 167. China Feed Encapsulation Revenue by Application (2027-2032) & (US$ Million) Table 168. China Feed Encapsulation Sales by Application (2021-2026) & (kt) Table 169. China Feed Encapsulation Sales by Application (2027-2032) & (kt) Table 170. China Feed Encapsulation Sales Price by Application (2021-2026) & (USD/ton) Table 171. China Feed Encapsulation Sales Price by Application (2027-2032) & (USD/ton) Table 172. Asia Feed Encapsulation Revenue by Type (2021-2026) & (US$ Million) Table 173. Asia Feed Encapsulation Revenue by Type (2027-2032) & (US$ Million) Table 174. Asia Feed Encapsulation Sales by Type (2021-2026) & (kt) Table 175. Asia Feed Encapsulation Sales by Type (2027-2032) & (kt) Table 176. Asia Feed Encapsulation Sales Price by Type (2021-2026) & (USD/ton) Table 177. Asia Feed Encapsulation Sales Price by Type (2027-2032) & (USD/ton) Table 178. Asia Feed Encapsulation Revenue by Application (2021-2026) & (US$ Million) Table 179. Asia Feed Encapsulation Revenue by Application (2027-2032) & (US$ Million) Table 180. Asia Feed Encapsulation Sales by Application (2021-2026) & (kt) Table 181. Asia Feed Encapsulation Sales by Application (2027-2032) & (kt) Table 182. Asia Feed Encapsulation Sales Price by Application (2021-2026) & (USD/ton) Table 183. Asia Feed Encapsulation Sales Price by Application (2027-2032) & (USD/ton) Table 184. Asia Feed Encapsulation Revenue Grow Rate by Country (2021 VS 2025 VS 2032) & (US$ Million) Table 185. Asia Feed Encapsulation Revenue Grow Rate by Country (2021-2026) & (US$ Million) Table 186. Asia Feed Encapsulation Revenue Grow Rate by Country (2027-2032) & (US$ Million) Table 187. Asia Feed Encapsulation Sales by Country (2021 VS 2025 VS 2032) & (kt) Table 188. Asia Feed Encapsulation Sales by Country (2021-2026) & (kt) Table 189. Asia Feed Encapsulation Sales by Country (2027-2032) & (kt) Table 190. Asia Feed Encapsulation Sales Price by Country (2021-2026) & (USD/ton) Table 191. Asia Feed Encapsulation Sales Price by Country (2027-2032) & (USD/ton) Table 192. Japan Feed Encapsulation Revenue (2021-2032) & (US$ Million) Table 193. South Korea Feed Encapsulation Revenue (2021-2032) & (US$ Million) Table 194. India Feed Encapsulation Revenue (2021-2032) & (US$ Million) Table 195. Australia Feed Encapsulation Revenue (2021-2032) & (US$ Million) Table 196. Taiwan Feed Encapsulation Revenue (2021-2032) & (US$ Million) Table 197. Southeast Asia Feed Encapsulation Revenue (2021-2032) & (US$ Million) Table 198. SAMEA Feed Encapsulation Revenue by Type (2021-2026) & (US$ Million) Table 199. SAMEA Feed Encapsulation Revenue by Type (2027-2032) & (US$ Million) Table 200. SAMEA Feed Encapsulation Sales by Type (2021-2026) & (kt) Table 201. SAMEA Feed Encapsulation Sales by Type (2027-2032) & (kt) Table 202. SAMEA Feed Encapsulation Sales Price by Type (2021-2026) & (USD/ton) Table 203. SAMEA Feed Encapsulation Sales Price by Type (2027-2032) & (USD/ton) Table 204. SAMEA Feed Encapsulation Revenue by Application (2021-2026) & (US$ Million) Table 205. SAMEA Feed Encapsulation Revenue by Application (2027-2032) & (US$ Million) Table 206. SAMEA Feed Encapsulation Sales by Application (2021-2026) & (kt) Table 207. SAMEA Feed Encapsulation Sales by Application (2027-2032) & (kt) Table 208. SAMEA Feed Encapsulation Sales Price by Application (2021-2026) & (USD/ton) Table 209. SAMEA Feed Encapsulation Sales Price by Application (2027-2032) & (USD/ton) Table 210. SAMEA Feed Encapsulation Revenue Grow Rate by Country (2021 VS 2025 VS 2032) & (US$ Million) Table 211. SAMEA Feed Encapsulation Revenue Grow Rate by Country (2021-2026) & (US$ Million) Table 212. SAMEA Feed Encapsulation Revenue Grow Rate by Country (2027-2032) & (US$ Million) Table 213. SAMEA Feed Encapsulation Sales by Country (2021 VS 2025 VS 2032) & (kt) Table 214. SAMEA Feed Encapsulation Sales by Country (2021-2026) & (kt) Table 215. SAMEA Feed Encapsulation Sales by Country (2027-2032) & (kt) Table 216. SAMEA Feed Encapsulation Sales Price by Country (2021-2026) & (USD/ton) Table 217. SAMEA Feed Encapsulation Sales Price by Country (2027-2032) & (USD/ton) Table 218. Brazil Feed Encapsulation Revenue (2021-2032) & (US$ Million) Table 219. Argentina Feed Encapsulation Revenue (2021-2032) & (US$ Million) Table 220. Chile Feed Encapsulation Revenue (2021-2032) & (US$ Million) Table 221. Colombia Feed Encapsulation Revenue (2021-2032) & (US$ Million) Table 222. Peru Feed Encapsulation Revenue (2021-2032) & (US$ Million) Table 223. Saudi Arabia Feed Encapsulation Revenue (2021-2032) & (US$ Million) Table 224. Israel Feed Encapsulation Revenue (2021-2032) & (US$ Million) Table 225. UAE Feed Encapsulation Revenue (2021-2032) & (US$ Million) Table 226. Turkey Feed Encapsulation Revenue (2021-2032) & (US$ Million) Table 227. Iran Feed Encapsulation Revenue (2021-2032) & (US$ Million) Table 228. Egypt Feed Encapsulation Revenue (2021-2032) & (US$ Million) Table 229. Key Raw Materials Table 230. Raw Materials Key Suppliers Table 231. Feed Encapsulation Distributors List Table 232. Feed Encapsulation Customers List Table 233. Research Programs/Design for This Report Table 234. Authors List of This Report Table 235. Secondary Sources Table 236. Primary Sources List of Figures Figure 1. Feed Encapsulation Image Figure 2. Global Feed Encapsulation Market Size Growth Rate by Type (US$ Million), 2021 VS 2025 VS 2032 Figure 3. Global Feed Encapsulation Market Size Share 2021 VS 2025 VS 2032 Figure 4. Lipid-Based Coatings Image Figure 5. Polymers Image Figure 6. Protein-Based Coatings Image Figure 7. Carbohydrates Image Figure 8. Natural Materials Image Figure 9. Global Feed Encapsulation Market Size Growth Rate by Application (US$ Million), 2021 VS 2025 VS 2032 Figure 10. Global Feed Encapsulation Market Size Share 2021 VS 2025 VS 2032 Figure 11. Poultry Image Figure 12. Swine Image Figure 13. Aquaculture Image Figure 14. Ruminants Image Figure 15. Others Image Figure 16. Global Feed Encapsulation Revenue (US$ Million), 2021 VS 2025 VS 2032 Figure 17. Global Feed Encapsulation Revenue (2021-2032) & (US$ Million) Figure 18. Global Feed Encapsulation Revenue (CAGR) by Region: 2021 VS 2025 VS 2032 (US$ Million) Figure 19. Global Feed Encapsulation Revenue Market Share by Region: 2025 Versus 2032 Figure 20. Global Feed Encapsulation Revenue Market Share by Region (2021-2032) Figure 21. Global Feed Encapsulation Sales (2021-2032) & (kt) Figure 22. Global Feed Encapsulation Sales by Region: 2021 VS 2025 VS 2032 (kt) Figure 23. Global Feed Encapsulation Sales Market Share by Region (2021-2032) Figure 24. US & Canada & Mexico Feed Encapsulation Sales YoY (2021-2032) & (kt) Figure 25. Europe Feed Encapsulation Sales YoY (2021-2032) & (kt) Figure 26. China Feed Encapsulation Sales YoY (2021-2032) & (kt) Figure 27. Asia (Excluding China) Feed Encapsulation Sales YoY (2021-2032) & (kt) Figure 28. South America, Middle East and Africa Feed Encapsulation Sales YoY (2021-2032) & (kt) Figure 29. Global Feed Encapsulation Manufacturers Revenue Share Top 10 and Top 5 in 2025 Figure 30. Global Feed Encapsulation Manufacturers Sales Share Top 10 and Top 5 in 2025 Figure 31. Manufacturers Type (Tier 1, Tier 2, and Tier 3): 2021 VS 2025 Figure 32. Global Feed Encapsulation Revenue by Type (2021 VS 2025 VS 2032) & (US$ Million) Figure 33. Global Feed Encapsulation Revenue Market Share by Type 2021 VS 2025 VS 2032 Figure 34. Global Feed Encapsulation Revenue Market Share by Type (2021-2032) Figure 35. Global Feed Encapsulation Sales by Type (2021 VS 2025 VS 2032) & (kt) Figure 36. Global Feed Encapsulation Sales Market Share by Type 2021 VS 2025 VS 2032 Figure 37. Global Feed Encapsulation Sales Market Share by Type (2021-2032) Figure 38. Global Feed Encapsulation Revenue by Application (2021 VS 2025 VS 2032) & (US$ Million) Figure 39. Global Feed Encapsulation Revenue Market Share by Application 2021 VS 2025 VS 2032 Figure 40. Global Feed Encapsulation Revenue Market Share by Application (2021-2032) Figure 41. Global Feed Encapsulation Sales by Application (2021 VS 2025 VS 2032) & (kt) Figure 42. Global Feed Encapsulation Sales Market Share by Application 2021 VS 2025 VS 2032 Figure 43. Global Feed Encapsulation Sales Market Share by Application (2021-2032) Figure 44. North America Feed Encapsulation Revenue Share by Type (2021-2032) Figure 45. North America Feed Encapsulation Sales Share by Type (2021-2032) Figure 46. North America Feed Encapsulation Revenue Share by Application (2021-2032) Figure 47. North America Feed Encapsulation Sales Share by Application (2021-2032) Figure 48. North America Feed Encapsulation Revenue Share by Country (2021-2032) Figure 49. North America Feed Encapsulation Sales Share by Country (2021-2032) Figure 50. Europe Feed Encapsulation Revenue Share by Type (2021-2032) Figure 51. Europe Feed Encapsulation Sales Share by Type (2021-2032) Figure 52. Europe Feed Encapsulation Revenue Share by Application (2021-2032) Figure 53. Europe Feed Encapsulation Sales Share by Application (2021-2032) Figure 54. Europe Feed Encapsulation Revenue Share by Country (2021-2032) Figure 55. Europe Feed Encapsulation Sales Share by Country (2021-2032) Figure 56. China Feed Encapsulation Revenue Share by Type (2021-2032) Figure 57. China Feed Encapsulation Sales Share by Type (2021-2032) Figure 58. China Feed Encapsulation Revenue Share by Application (2021-2032) Figure 59. China Feed Encapsulation Sales Share by Application (2021-2032) Figure 60. Asia Feed Encapsulation Revenue Share by Type (2021-2032) Figure 61. Asia Feed Encapsulation Sales Share by Type (2021-2032) Figure 62. Asia Feed Encapsulation Revenue Share by Application (2021-2032) Figure 63. Asia Feed Encapsulation Sales Share by Application (2021-2032) Figure 64. Asia Feed Encapsulation Revenue Share by Country (2021-2032) Figure 65. Asia Feed Encapsulation Sales Share by Country (2021-2032) Figure 66. SAMEA Feed Encapsulation Revenue Share by Type (2021-2032) Figure 67. SAMEA Feed Encapsulation Sales Share by Type (2021-2032) Figure 68. SAMEA Feed Encapsulation Revenue Share by Application (2021-2032) Figure 69. SAMEA Feed Encapsulation Sales Share by Application (2021-2032) Figure 70. SAMEA Feed Encapsulation Revenue Share by Country (2021-2032) Figure 71. SAMEA Feed Encapsulation Sales Share by Country (2021-2032) Figure 72. Feed Encapsulation Value Chain Figure 73. Manufacturing Cost Structure Figure 74. Feed Encapsulation Production Mode & Process Figure 75. Direct Comparison with Distribution Share Figure 76. Distributors Profiles Figure 77. Years Considered Figure 78. Research Process Figure 79. Key Executives Interviewed

Scope & coverage.

Types
  • Lipid-Based Coatings
  • Polymers
  • Protein-Based Coatings
  • Carbohydrates
  • Natural Materials
Applications
  • Poultry
  • Swine
  • Aquaculture
  • Ruminants
  • Others
Companies covered
  • Balchem Corporation
  • Kemin industries
  • DSM Nutritional Products
  • Bialtec
  • Delacon Biotechnik
  • Adisseo
  • Evonik Industries
  • Novus International
  • Phytobiotics

Inside the report.

1 Market Overview
  1. 1.1 Product Definition
  2. 1.2 Feed Encapsulation Market by Type
  3. 1.2.1 Global Feed Encapsulation Market Size by Type, 2021 VS 2025 VS 2032
  4. 1.2.2 Lipid-Based Coatings
  5. 1.2.3 Polymers
  6. 1.2.4 Protein-Based Coatings
  7. 1.2.5 Carbohydrates
  8. 1.2.6 Natural Materials
  9. 1.3 Feed Encapsulation Market by Application
  10. 1.3.1 Global Feed Encapsulation Market Size by Application, 2021 VS 2025 VS 2032
  11. 1.3.2 Poultry
  12. 1.3.3 Swine
  13. 1.3.4 Aquaculture
  14. 1.3.5 Ruminants
  15. 1.3.6 Others
  16. 1.4 Assumptions and Limitations
  17. 1.5 Study Goals and Objectives
2 Feed Encapsulation Market Dynamics
  1. 2.1 Feed Encapsulation Industry Trends
  2. 2.2 Feed Encapsulation Industry Drivers
  3. 2.3 Feed Encapsulation Industry Opportunities and Challenges
  4. 2.4 Feed Encapsulation Industry Restraints
3 Global Market Growth Prospects
  1. 3.1 Global Feed Encapsulation Revenue Estimates and Forecasts (2021-2032)
  2. 3.2 Global Feed Encapsulation Revenue by Region
  3. 3.2.1 Global Feed Encapsulation Revenue by Region: 2021 VS 2025 VS 2032
  4. 3.2.2 Global Feed Encapsulation Revenue by Region (2021-2026)
  5. 3.2.3 Global Feed Encapsulation Revenue by Region (2027-2032)
  6. 3.2.4 Global Feed Encapsulation Revenue Market Share by Region (2021-2032)
  7. 3.3 Global Feed Encapsulation Sales Estimates and Forecasts 2021-2032
  8. 3.4 Global Feed Encapsulation Sales by Region
  9. 3.4.1 Global Feed Encapsulation Sales by Region: 2021 VS 2025 VS 2032
  10. 3.4.2 Global Feed Encapsulation Sales by Region (2021-2026)
  11. 3.4.3 Global Feed Encapsulation Sales by Region (2027-2032)
  12. 3.4.4 Global Feed Encapsulation Sales Market Share by Region (2021-2032)
  13. 3.5 US & Canada & Mexico
  14. 3.6 Europe
  15. 3.7 China
  16. 3.8 Asia (Excluding China)
  17. 3.9 South America, Middle East and Africa
4 Market Competitive Landscape by Manufacturers
  1. 4.1 Global Feed Encapsulation Revenue by Manufacturers
  2. 4.1.1 Global Feed Encapsulation Revenue by Manufacturers (2021-2026)
  3. 4.1.2 Global Feed Encapsulation Revenue Market Share by Manufacturers (2021-2026)
  4. 4.1.3 Global Feed Encapsulation Manufacturers Revenue Share Top 10 and Top 5 in 2025
  5. 4.2 Global Feed Encapsulation Sales by Manufacturers
  6. 4.2.1 Global Feed Encapsulation Sales by Manufacturers (2021-2026)
  7. 4.2.2 Global Feed Encapsulation Sales Market Share by Manufacturers (2021-2026)
  8. 4.2.3 Global Feed Encapsulation Manufacturers Sales Share Top 10 and Top 5 in 2025
  9. 4.3 Global Feed Encapsulation Sales Price by Manufacturers (2021-2026)
  10. 4.4 Global Feed Encapsulation Key Manufacturers Ranking, 2024 VS 2025 VS 2026
  11. 4.5 Global Feed Encapsulation Key Manufacturers Manufacturing Sites & Headquarters
  12. 4.6 Global Feed Encapsulation Manufacturers, Product Type & Application
  13. 4.7 Global Feed Encapsulation Manufacturers' Establishment Date
  14. 4.8 Market Competitive Analysis
  15. 4.8.1 Global Feed Encapsulation Market CR5 and HHI
  16. 4.8.2 2025 Feed Encapsulation Tier 1, Tier 2, and Tier 3
5 Feed Encapsulation Market by Type
  1. 5.1 Global Feed Encapsulation Revenue by Type
  2. 5.1.1 Global Feed Encapsulation Revenue by Type (2021 VS 2025 VS 2032)
  3. 5.1.2 Global Feed Encapsulation Revenue by Type (2021-2032) & (US$ Million)
  4. 5.1.3 Global Feed Encapsulation Revenue Market Share by Type (2021-2032)
  5. 5.2 Global Feed Encapsulation Sales by Type
  6. 5.2.1 Global Feed Encapsulation Sales by Type (2021 VS 2025 VS 2032)
  7. 5.2.2 Global Feed Encapsulation Sales by Type (2021-2032) & (kt)
  8. 5.2.3 Global Feed Encapsulation Sales Market Share by Type (2021-2032)
  9. 5.3 Global Feed Encapsulation Price by Type
6 Feed Encapsulation Market by Application
  1. 6.1 Global Feed Encapsulation Revenue by Application
  2. 6.1.1 Global Feed Encapsulation Revenue by Application (2021 VS 2025 VS 2032)
  3. 6.1.2 Global Feed Encapsulation Revenue by Application (2021-2032) & (US$ Million)
  4. 6.1.3 Global Feed Encapsulation Revenue Market Share by Application (2021-2032)
  5. 6.2 Global Feed Encapsulation Sales by Application
  6. 6.2.1 Global Feed Encapsulation Sales by Application (2021 VS 2025 VS 2032)
  7. 6.2.2 Global Feed Encapsulation Sales by Application (2021-2032) & (kt)
  8. 6.2.3 Global Feed Encapsulation Sales Market Share by Application (2021-2032)
  9. 6.3 Global Feed Encapsulation Price by Application
7 Company Profiles
  1. 7.1 Balchem Corporation
  2. 7.1.1 Balchem Corporation Company Information
  3. 7.1.2 Balchem Corporation Business Overview
  4. 7.1.3 Balchem Corporation Feed Encapsulation Sales, Revenue, Price and Gross Margin (2021-2026)
  5. 7.1.4 Balchem Corporation Feed Encapsulation Product Portfolio
  6. 7.1.5 Balchem Corporation Recent Developments
  7. 7.2 Kemin industries
  8. 7.2.1 Kemin industries Company Information
  9. 7.2.2 Kemin industries Business Overview
  10. 7.2.3 Kemin industries Feed Encapsulation Sales, Revenue, Price and Gross Margin (2021-2026)
  11. 7.2.4 Kemin industries Feed Encapsulation Product Portfolio
  12. 7.2.5 Kemin industries Recent Developments
  13. 7.3 DSM Nutritional Products
  14. 7.3.1 DSM Nutritional Products Company Information
  15. 7.3.2 DSM Nutritional Products Business Overview
  16. 7.3.3 DSM Nutritional Products Feed Encapsulation Sales, Revenue, Price and Gross Margin (2021-2026)
  17. 7.3.4 DSM Nutritional Products Feed Encapsulation Product Portfolio
  18. 7.3.5 DSM Nutritional Products Recent Developments
  19. 7.4 Bialtec
  20. 7.4.1 Bialtec Company Information
  21. 7.4.2 Bialtec Business Overview
  22. 7.4.3 Bialtec Feed Encapsulation Sales, Revenue, Price and Gross Margin (2021-2026)
  23. 7.4.4 Bialtec Feed Encapsulation Product Portfolio
  24. 7.4.5 Bialtec Recent Developments
  25. 7.5 Delacon Biotechnik
  26. 7.5.1 Delacon Biotechnik Company Information
  27. 7.5.2 Delacon Biotechnik Business Overview
  28. 7.5.3 Delacon Biotechnik Feed Encapsulation Sales, Revenue, Price and Gross Margin (2021-2026)
  29. 7.5.4 Delacon Biotechnik Feed Encapsulation Product Portfolio
  30. 7.5.5 Delacon Biotechnik Recent Developments
  31. 7.6 Adisseo
  32. 7.6.1 Adisseo Company Information
  33. 7.6.2 Adisseo Business Overview
  34. 7.6.3 Adisseo Feed Encapsulation Sales, Revenue, Price and Gross Margin (2021-2026)
  35. 7.6.4 Adisseo Feed Encapsulation Product Portfolio
  36. 7.6.5 Adisseo Recent Developments
  37. 7.7 Evonik Industries
  38. 7.7.1 Evonik Industries Company Information
  39. 7.7.2 Evonik Industries Business Overview
  40. 7.7.3 Evonik Industries Feed Encapsulation Sales, Revenue, Price and Gross Margin (2021-2026)
  41. 7.7.4 Evonik Industries Feed Encapsulation Product Portfolio
  42. 7.7.5 Evonik Industries Recent Developments
  43. 7.8 Novus International
  44. 7.8.1 Novus International Company Information
  45. 7.8.2 Novus International Business Overview
  46. 7.8.3 Novus International Feed Encapsulation Sales, Revenue, Price and Gross Margin (2021-2026)
  47. 7.8.4 Novus International Feed Encapsulation Product Portfolio
  48. 7.8.5 Novus International Recent Developments
  49. 7.9 Phytobiotics
  50. 7.9.1 Phytobiotics Company Information
  51. 7.9.2 Phytobiotics Business Overview
  52. 7.9.3 Phytobiotics Feed Encapsulation Sales, Revenue, Price and Gross Margin (2021-2026)
  53. 7.9.4 Phytobiotics Feed Encapsulation Product Portfolio
  54. 7.9.5 Phytobiotics Recent Developments
8 North America
  1. 8.1 North America Feed Encapsulation Market Size by Type
  2. 8.1.1 North America Feed Encapsulation Revenue by Type (2021-2032)
  3. 8.1.2 North America Feed Encapsulation Sales by Type (2021-2032)
  4. 8.1.3 North America Feed Encapsulation Price by Type (2021-2032)
  5. 8.2 North America Feed Encapsulation Market Size by Application
  6. 8.2.1 North America Feed Encapsulation Revenue by Application (2021-2032)
  7. 8.2.2 North America Feed Encapsulation Sales by Application (2021-2032)
  8. 8.2.3 North America Feed Encapsulation Price by Application (2021-2032)
  9. 8.3 North America Feed Encapsulation Market Size by Country
  10. 8.3.1 North America Feed Encapsulation Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
  11. 8.3.2 North America Feed Encapsulation Sales by Country (2021 VS 2025 VS 2032)
  12. 8.3.3 North America Feed Encapsulation Price by Country (2021-2032)
  13. 8.3.4 United States
  14. 8.3.5 Canada
  15. 8.3.6 Mexico
9 Europe
  1. 9.1 Europe Feed Encapsulation Market Size by Type
  2. 9.1.1 Europe Feed Encapsulation Revenue by Type (2021-2032)
  3. 9.1.2 Europe Feed Encapsulation Sales by Type (2021-2032)
  4. 9.1.3 Europe Feed Encapsulation Price by Type (2021-2032)
  5. 9.2 Europe Feed Encapsulation Market Size by Application
  6. 9.2.1 Europe Feed Encapsulation Revenue by Application (2021-2032)
  7. 9.2.2 Europe Feed Encapsulation Sales by Application (2021-2032)
  8. 9.2.3 Europe Feed Encapsulation Price by Application (2021-2032)
  9. 9.3 Europe Feed Encapsulation Market Size by Country
  10. 9.3.1 Europe Feed Encapsulation Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
  11. 9.3.2 Europe Feed Encapsulation Sales by Country (2021 VS 2025 VS 2032)
  12. 9.3.3 Europe Feed Encapsulation Price by Country (2021-2032)
  13. 9.3.4 Germany
  14. 9.3.5 France
  15. 9.3.6 U.K.
  16. 9.3.7 Italy
  17. 9.3.8 Russia
  18. 9.3.9 Spain
  19. 9.3.10 Netherlands
10 China
  1. 10.1 China Feed Encapsulation Market Size by Type
  2. 10.1.1 China Feed Encapsulation Revenue by Type (2021-2032)
  3. 10.1.2 China Feed Encapsulation Sales by Type (2021-2032)
  4. 10.1.3 China Feed Encapsulation Price by Type (2021-2032)
  5. 10.2 China Feed Encapsulation Market Size by Application
  6. 10.2.1 China Feed Encapsulation Revenue by Application (2021-2032)
  7. 10.2.2 China Feed Encapsulation Sales by Application (2021-2032)
  8. 10.2.3 China Feed Encapsulation Price by Application (2021-2032)
11 Asia (Excluding China)
  1. 11.1 Asia Feed Encapsulation Market Size by Type
  2. 11.1.1 Asia Feed Encapsulation Revenue by Type (2021-2032)
  3. 11.1.2 Asia Feed Encapsulation Sales by Type (2021-2032)
  4. 11.1.3 Asia Feed Encapsulation Price by Type (2021-2032)
  5. 11.2 Asia Feed Encapsulation Market Size by Application
  6. 11.2.1 Asia Feed Encapsulation Revenue by Application (2021-2032)
  7. 11.2.2 Asia Feed Encapsulation Sales by Application (2021-2032)
  8. 11.2.3 Asia Feed Encapsulation Price by Application (2021-2032)
  9. 11.3 Asia Feed Encapsulation Market Size by Country
  10. 11.3.1 Asia Feed Encapsulation Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
  11. 11.3.2 Asia Feed Encapsulation Sales by Country (2021 VS 2025 VS 2032)
  12. 11.3.3 Asia Feed Encapsulation Price by Country (2021-2032)
  13. 11.3.4 Japan
  14. 11.3.5 South Korea
  15. 11.3.6 India
  16. 11.3.7 Australia
  17. 11.3.8 Taiwan
  18. 11.3.9 Southeast Asia
12 South America, Middle East and Africa
  1. 12.1 SAMEA Feed Encapsulation Market Size by Type
  2. 12.1.1 SAMEA Feed Encapsulation Revenue by Type (2021-2032)
  3. 12.1.2 SAMEA Feed Encapsulation Sales by Type (2021-2032)
  4. 12.1.3 SAMEA Feed Encapsulation Price by Type (2021-2032)
  5. 12.2 SAMEA Feed Encapsulation Market Size by Application
  6. 12.2.1 SAMEA Feed Encapsulation Revenue by Application (2021-2032)
  7. 12.2.2 SAMEA Feed Encapsulation Sales by Application (2021-2032)
  8. 12.2.3 SAMEA Feed Encapsulation Price by Application (2021-2032)
  9. 12.3 SAMEA Feed Encapsulation Market Size by Country
  10. 12.3.1 SAMEA Feed Encapsulation Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
  11. 12.3.2 SAMEA Feed Encapsulation Sales by Country (2021 VS 2025 VS 2032)
  12. 12.3.3 SAMEA Feed Encapsulation Price by Country (2021-2032)
  13. 12.3.4 Brazil
  14. 12.3.5 Argentina
  15. 12.3.6 Chile
  16. 12.3.7 Colombia
  17. 12.3.8 Peru
  18. 12.3.9 Saudi Arabia
  19. 12.3.10 Israel
  20. 12.3.11 UAE
  21. 12.3.12 Turkey
  22. 12.3.13 Iran
  23. 12.3.14 Egypt
13 Value Chain and Sales Channels Analysis
  1. 13.1 Feed Encapsulation Value Chain Analysis
  2. 13.1.1 Feed Encapsulation Key Raw Materials
  3. 13.1.2 Raw Materials Key Suppliers
  4. 13.1.3 Manufacturing Cost Structure
  5. 13.1.4 Feed Encapsulation Production Mode & Process
  6. 13.2 Feed Encapsulation Sales Channels Analysis
  7. 13.2.1 Direct Comparison with Distribution Share
  8. 13.2.2 Feed Encapsulation Distributors
  9. 13.2.3 Feed Encapsulation Customers
14 Concluding Insights
    15 Appendix
    1. 15.1 Reasons for Doing This Study
    2. 15.2 Research Methodology
    3. 15.3 Research Process
    4. 15.4 Authors List of This Report
    5. 15.5 Data Source
    6. 15.5.1 Secondary Sources
    7. 15.5.2 Primary Sources
    8. 15.6 Disclaimer

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