Overview

Microencapsulation Market Introduction:

Microencapsulation market value over USD 21 billion by 2029 end and register a CAGR of over 13% from 2020 to 2029.

Microencapsulation Market Overview:

Increasing acceptance of microencapsulated materials in agrochemical, food & beverage and pharmaceutical industries is elevating the market. Growing demand for technology for the manufacturing of natural ingredient based beauty supplement is expected to trigger the growth of the market. Rapid demand to manufacture cosmo-textiles is also expected to elevate the market. Rise in disposable income alongside changing lifestyle is also elevating the usage of personal care product which in turn is inflating the market.

The market is segmented into coating material, technology, application, and region. Based on coating material, carbohydrates are expected to showcase vast growth. Carbohydrates offer significant factors like long term sustainability in the volatile environment & efficient superiority. Owing to these factors, the market is likely to escalate and witness a rise in demand for carbohydrates.

Polymer is also expected to witness steady growth during the forecast period. Polymers are vastly preferred in depot formulation and surgical sutures. Polymers are approved by the FDA and are expected to grow steadily over the coming years.

Based on technology, spray technology is expected to showcase huge growth. Spray technology offers good stability of end products, superior encapsulation efficiency and rapid processing at economical prices. Such factors have led to spray technology widely deployed in encapsulation of fragrance, flavors and food ingredients.

In terms of applications, the pharmaceutical industry is expected to dominate the market. Microencapsulation helps in G.I tract irritations and gastric caused by consumption of other drugs. Food additives are also likely to expand during the forecast period. Growing preference of consumers for a healthy lifestyle has led to manufacturers adding more nutritional ingredient thus, inflating the market.

Based on the region, North America holds a vast share of the market. Presence of prominent players alongside the increasing presence of pharmaceutical companies has boosted the presence of the market in the region. Europe is also likely to witness steady growth during the forecast period. Prominent pharmaceutical manufacturers in nations like France, the UK, Germany, and Italy are aiming at the development of novel drug delivery systems, which is already inflating the market.

Asia-Pacific is also expected to showcase growth. Favorable government policies coupled with the rapid expansion of food & beverages and pharmaceutical industry has resulted in the expansion of the market.

Prominent players of the market are Capsulae, LycoRed Group ,BASF SE ,GAT Microencapsulation GmbH ,Balchem ,Bayer AG ,Evonik Industries AG ,Ronald T. Dodge Co. ,TasteTech Ltd. ,InnoBio Limited ,Microtek Laboratories, Inc. ,Dow Corning Corporation ,Reed Pacific Pty Ltd. ,AVEKA Group ,The 3M Company ,Lipo Technologies (Vantage) ,Encapsys LLC

Additional Insights:

Dripping technology is also expected to witness huge growth during the forecast period. Dripping technology consists of easy extrusion technique, co-extrusion and spinning-disk. It offers small size particle distribution, thus resulting in huge demand from food & beverages and pharmaceuticals industry.

Microencapsulation Market Segmentation:

By Coating Material

Carbohydrates
Gums & Resins
Lipids
Polymers
Proteins

By Technology

Dripping
Emulsion
Spray

By Application

Pharmaceutical
Food Additives
Agrochemicals
House & Personal care Products
Others

By Region

North America
Latin America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape:

Tier 1 players- established companies in the market with a major market share
Tier 2 players
Emerging players which are growing rapidly
New Entrants

FutureWise Key Takeaways:

According to our industry experts, dripping technology is expected to be in vast demand during the forecast period.
Lipids and Gum & Resins are also expected to witness exponential growth. Phospholipids, alcohols, oil, fats, and paraffin are prominent lipids which are widely utilized for microencapsulation coating of flavors, fragrances, and vitamins. Gums & Resins are excellent in the stabilization of emulsions and have the ability to avoid oxidation. These factors have led to a huge demand for hums & resins in the flavors industry.

Objectives of the Study:

To provide an exhaustive analysis of the global microencapsulation market on the basis of coating material, technology, application, and regions
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the rest of the world
To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
Profiling of companies to evaluate their market shares, strategies, financials and core competencies