Global Microencapsulation Market is Projected to Reach At A CAGR of 13.8% During 2020 – 2027: Proficient Market
At Proficient Market, Global Microencapsulation Market research report presents a comprehensive overview of market size, share, evolution, trends, and forecast, and growth opportunities of microencapsulation market by product type, application, key manufacturers and key regions and countries. This report offers comprehensive analysis on global microencapsulation market along with, market trends, drivers, and restraints of the microencapsulation market. In-depth study of market size with data Tables, Bar & Pie Charts, and Graphs & Statistics which helps easy to understand detailed breakdown of market.
According to the report, Global Microencapsulation Market in 2019 stood at USD 21.2 billion and is expected to reach USD 3.2 billion by 2027 growing at a CAGR of 13.8% from 2020 to 2027.
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Microencapsulation is a technology which involves coating an active ingredient in a shell. This allows sustained release of the active ingredient. Microencapsulation is deployed to increase stability and product life of the core material. This technology helps in controlled release of the encased active ingredient, thereby offering sustained benefits. The technology is broadly used by several end-user industries such as pharmaceuticals, food, agrochemicals, etc. Most of the industry players employ this technology to produce their final products such as drugs, detergents, fertilizers, etc.
Microencapsulation Market Key Players: The research study includes profiles of leading companies operating in the global microencapsulation market. Key players profiled in the report include:
Syngenta Crop Protection
International Flavors & Fragrances
Sensient Technologies & Lycored Corp.
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BASF enter into a collaboration with University of California, Davis for the development of new microencapsulation technology. The university has developed a technology combining multiple energy-intensive processing steps into one industrially efficient and scalable spray-drying step.
Drivers for the Global Microencapsulation Market: The demand for microencapsulation is increasing with the growth in demand for functional and fortified food & pharmaceutical products. It provides integration of minerals, vitamins, flavors, essential oils, and other additives in food products to enhance the functional properties of products. Moreover, the pharmaceutical sector is also greatly influenced by microencapsulation technologies due to the benefits achieved by the manufacturers. Along with the encapsulation of drugs, other active ingredients such as peptides, proteins, and DNA/RNA molecules are also encapsulated in the pharmaceutical sector to meet the market demand for value-added products. Rising trend of functional foods. However, the Increasing acceptance of specialty detergents & cleaning agents is boosting the growth of the market.
Opportunities for the Global Microencapsulation Market: Rapidly transforming lifestyles towards healthier regime combined with changing eating habits of individuals are the primary reason to drive the microencapsulation market growth during forecasted times. Microencapsulation technology captures the vital dietary nutrients and supplements in edible enclosing additives, as it may directly affect the taste and color of the end product. Moreover, the procedure offers several benefits such as protection of core materials, controlled release of core and improved handling of ingredients. Increasing use of the technology in masking taste, odor and activity of encapsulated materials is anticipated to fuel the product demand in edible product sector. Surging awareness regarding the benefits of microencapsulated medicinal capsules and dietary supplements is propelling the market growth.
Restrains for the Global Microencapsulation Market: Importance for detailed research in order to choose the suitable method and core materials for the procedure is the key restraining factor for microencapsulation market growth. Significant new material development and other experiments must be carried out before choosing the encapsulating material and technology which is required to enclose the core material. This continuous research and development activities incur an excessive cost and eventually it increases the overall product price, thus hampering the industry growth. However, Requirement of extensive research for appropriate technology and core materials is hampering the growth of the market.
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Region Wise, Global Microencapsulation Market Analysis: Report covers the region wise analysis, global microencapsulation market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all, North America leads the global microencapsulation market share followed by Asia-pacific and Europe. While the North America leads the global microencapsulation market due to the growing demand and awareness about value-added products for various areas such as nutrition, food, healthcare, and personal care. Due to this awareness and increased demand, companies are focusing on manufacturing functional products with novel technologies such as microencapsulation. Thus these factors are boosting the demand for this product in this region.
Global Microencapsulation Market: Product analysis
On the basis of type, Spray technologies accounted for largest share of total revenue generated due to the benefits offered by the microencapsulation process, which includes high production capacity, high recovery efficiency, the simplicity of the process, cost efficiency, and process safety. Spray technologies are widely used in the large scale manufacturing of food and pharmaceutical grade microencapsulation. Thus all these factors are responsible for the growth of this technology which is boosting the microencapsulation market.
Global Microencapsulation Market: Application analysis
Pharmaceuticals and healthcare products
Food & beverages
Household and personal care products
The demand of Global Microencapsulation Market is highest from Pharmaceuticals and healthcare products, as Microencapsulation is widely used in the healthcare and pharmaceutical sector for controlled drug delivery. Microencapsulation technologies are extensively used by pharmaceutical companies to mask the bitter taste or smell in drugs and to provide targeted delivery and controlled delivery. The demand for microencapsulated biomolecules is increasing in the pharmaceutical industry due to functions such as targeted action. Thus, the development of drugs based on these biomolecules is expected to boost the demand for microencapsulation for effective and targeted delivery of the active ingredients.
Global Microencapsulation Market: Region analysis
North America: U.S., Canada, Mexico
Europe: U.K., France, Germany, Spain, Italy, Rest of Europe
Asia Pacific: China, Japan, South Korea, ASEAN, India
Rest of Asia Pacific: Latin America, Brazil, Argentina, Colombia, Rest of L.A.
Middle East and Africa: Turkey, GCC, UAE, South Africa, Rest of Middle East
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