The global Microencapsulation market is expected to develop USD 25.9 billion by 2030, at a compound annual increase in price (CAGR) of 10.3 % throughout the forecast period.
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The global microencapsulation market is estimated to cross USD 22 billion by 2028. Increasing demand of controlled release system in pharmaceutical industry and fortified food products are driving the growth of global microencapsulation market. Microencapsulation is the process in which small droplets or particles are coated with continues film of polymeric material. The main purpose of microencapsulation is to provide protection, controlled release and core compatibility to the product. Microencapsulation is widely used in industries such as pharmaceutical, agrochemical, and food additives. However, it is most challenging technique for food industry due to the high price, which can lead to expensive final products.
Microencapsulation technique is majorly used by pharmaceutical industry due to the profitable business by manufacturers. Furthermore, other than drugs, proteins, peptides, and DNA & RNA molecules are also encapsulated in the pharmaceutical industry. Hence, pharmaceutical industry is also contributing to the global microencapsulation market. According to Journal of Polymer and Textiles Engineering, rising demand for environment friendly processing of textile had led to development of new technology such as microencapsulation. Microencapsulation for anti-microbial agents is also in demand for medical textiles and sportswear. Hence, it also contributes to the overall global microencapsulation market.
The global microencapsulation market is highly fragmented with the large number of players, but to sustain the market, constant research and development require in microencapsulation technologies. Though high cost of processing technologies and research & development resources hampers the global microencapsulation market growth.
Microencapsulation Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2030 |
| Study Period | 2018-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | USD 25.9 billion |
| Growth Rate | CAGR of 10.3 % during 2020-2030 |
| Segment Covered | Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Key Players Profiled | Dow Corning Corporation, Reed Pacific Pty Limited, Microtek Laboratories, Inc., TasteTech Ltd., BASF SE, Lipo Technologies, Encapsys, LLC, Evonik Industries AG, and Balchem among others. |
Key Segments of the Global Microencapsulation Market
Application Overview (USD Billion)
- Food additives
- Home & Personal Care
- Agrochemicals
- Pharmaceuticals
- Others
Regional Overview, (USD Billion)
- North America
- U.S.
- Canada
- Europe
- Germany
- United Kingdom
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
Frequently Asked Questions (FAQ) :
The application of the microencapsulation marketFood additives, Home & Personal Care, Pharmaceuticals, Agrochemicals, Others.
The market value of microencapsulation market in 2030 was USD 25.9 billion
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The global microencapsulation market has shown remarkable growth in recent times. The microencapsulation technology has excellent benefits such as it provides protection from heat, moisture and acid to the particular product. Microencapsulation technology increasing the customer acceptance by reducing unpleasant odor and taste of certain product, which has a positive impact on global microencapsulation market. Microencapsulation is now being utilized widely in fortified food such as Multi-vitamins, iron, iodine, among others. Fortified foods are those food in which additional nutrition have been added. Recently demand for such fortified food is high due to the various nutrient deficiencies occurring in people worldwide. To provide more stability to these kinds of food, microcapsules are required. Hence, growing demand of fortified foods, boosting the global microencapsulation market.
The global microencapsulation market has shown remarkable growth in recent times. The microencapsulation technology has excellent benefits such as it provides protection from heat, moisture and acid to the particular product. Microencapsulation technology increasing the customer acceptance by reducing unpleasant odor and taste of certain product, which has a positive impact on global microencapsulation market. Microencapsulation is now being utilized widely in fortified food such as Multi-vitamins, iron, iodine, among others. Fortified foods are those food in which additional nutrition have been added. Recently demand for such fortified food is high due to the various nutrient deficiencies occurring in people worldwide. To provide more stability to these kinds of food, microcapsules are required. Hence, growing demand of fortified foods, boosting the global microencapsulation market.
North America microencapsulation market is expected to hold a market share of more than 35% by 2028. The U.S. is the leading country in the region accounting for the highest demand for microencapsulation technology. The high purchasing power of customers in developed countries and their increasing tendency to healthy dietary choices are driving the microencapsulation market in this region. Asia Pacific region is expected to offer promising opportunity in near future by virtue of growing food additives and pharmaceutical industry.
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The global microencapsulation market is fragmented with a large number of players with global and regional presence. The key players in the global microencapsulation report include Capsulae, Dow Corning Corporation, Reed Pacific Pty Limited, Microtek Laboratories, Inc., TasteTech Ltd., BASF SE, Lipo Technologies, Encapsys, LLC, Evonik Industries AG, and Balchem among others.