The ‘Global Microencapsulation Market Size, Share, Growth, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global microencapsulation market, assessing the market on the basis of its segments like technologies, applications, coating materials, and major regions.
Global Microencapsulation Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): Over USD 9.52 Billion
- Forecast CAGR (2023-2028): 12.95%
The numerous applications of the technology across various industry verticals are driving the microencapsulation market growth. There is an increasing acceptability of microencapsulated components in the agrochemical sector to create complex biopolymer-based microparticles. Moreover, microencapsulation can provide greater stability to active ingredients while improving the taste of fortified food, which is boosting its deployment in the food and beverage sector.
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The increasing utilisation of active ingredients in personal care and cosmetic products is a key market trend.Microencapsulation is increasingly deployed to ensure the protection of active ingredients until they are applied to the skin.
Concerns about nutritional intake and weight management by the young population are significantly rising, owing to the increasing cases of various diseases. Hence, the increasing health awareness and growing consumption of nutritional supplements are likely to support the global microencapsulation market expansion.
Microencapsulation Industry Definition and Major Segments
Microencapsulation is a processing method that encloses microscopic particles or droplets in small capsules. Cellulose, ethylene glycol, and gelatin are the primary materials used for the walls in microencapsulation. Highly unstable compounds such as omega-3 and omega-6, among others, can be microencapsulated as it protects them from harsh conditions during processing.
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Based on coating material, the market segmentations include:
- Gums and Resins
The market, based on technology, can be divided into:
- Spray Technologies
The market segmentation, based on application, can include:
- Pharmaceutical and Healthcare Products
- Home and Personal Care
- Food and Beverages
Based on regional markets, the market for microencapsulation can be classified into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Microencapsulation Market Trends
Microencapsulation is applied in the healthcare sector to enhance the bioavailability of drugs and drive the development of affordable drugs. In the forecast period, the robust growth of the nutraceuticals and pharmaceuticals sectors is expected to bolster the microencapsulation market development in the forecast period.
Microencapsulation technology has been increasingly implemented in cosmetic textiles, which are created by combining a specialised weave with cosmetic activity and microencapsulating active substances onto the fabric. In addition to this, growing fitness and health consciousness and a rising focus on boosting immune health are boosting the demand for microencapsulated nutritional supplements.
Regionally, North America is expected to robustly grow in the forecast period owing to the presence of leading market players such as Johnson & Johnson, Pfizer, and Merck &Co., among others. Various companies are initiating research and development activities of novel drug delivery systems, hence propelling the microencapsulation market demand.
Key Market Players
The major players in the global microencapsulation market report include BASF SE, Syngenta Crop Protection, Inc., DSM, Givaudan, International Flavors & Fragrances Inc., Symrise, Lycored, Koehler Innovative Solutions, Balchem Corporation, Encapsys, LLC., AVEKA, Inc., Reed Pacific, Microtek Laboratories, Inc., TasteTech, RONALD T. DODGE COMPANY, Evonik Industries AG, Bayer AG, and 3M. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
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