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The market growth of microencapsulation is expected to be determined by its demand from emerging industries such as phase change materials (PCM) for use in sports equipment, construction materials, and textiles. This is projected to positively influence the growth of the market. Flavours and fragrances used in food and beverage goods benefit from the microencapsulation technology since it allows for better texture mixing, aroma release, and taste. Flavour microencapsulation preserves flavours from evaporation, oxidation, and thermal degradation while extending shelf life by keeping food flavours, which is providing impetus to the growth of the market. Apart from this, owing to the immunity-boosting properties of microencapsulation, it is widely preferred in the food and beverage industry owing to rising demand for healthier diets, inclination towards clean-label products, and increasing expenditure on health-related products. Thus, the food and beverage sector is one of the leading revenue-generating segments augmenting the overall growth of the market.
Balchem Inc. (NASDAQ: BCPC), in January 2018, developed the SHURE technology, which is based on a proprietary microencapsulation process that provides targeted nutrient delivery to the small intestine of ruminants to meet the nutrient requirement of today’s high producing dairy cows. Balchem’s SHURE technology provides excellent barrier properties to water and microbes, which results in excellent durability and stability in the feed and protection in the rumen. Such developments by leading market players are expanding the growth of the market.
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The major players in the global microencapsulation market are Balchem Inc., Encapsys LLC, Ronald T. Dodge Company, and Microtek Laboratories, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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