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Global Microencapsulation Market to Increase at a CAGR of 12.95% During 2022-2027, Driven by Increased Demand for Nano-encapsulation Technology

According to a new report by EMR titled, ‘Global Microencapsulation Market Report and Forecast 2022-2027, the market attained a value of USD 9.52 billion in 2021. The industry is further expected to grow at a CAGR of 12.95% in the forecast period of 2022-2027 to reach a value of USD 19.77 billion by 2027.

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.

Market Analysis by Coating Material, Technology, Application, and Region:

  • The market, on the basis of coating material, can be divided into carbohydrates, gums, resins, lipids, polymers, and proteins.
  • Based on technology, the industry can be divided into coating, emulsion, spray technologies, and dripping, among others.
  • The applications sectors of microencapsulation include pharmaceutical and healthcare products, home and personal care, food and beverages, agrochemicals, construction, and textiles, among others. 
  • The regional markets for microencapsulation include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

Key Findings of the Report:

  • The market is being driven by the robust demand for microencapsulation technology from the pharmaceutical and nutraceutical sectors owing to its immunity-boosting properties. 
  • The growth in the market can be associated with the rising focus on healthcare and the corresponding research and development (R&D) aimed at the development of cost-effective drugs. 
  • Increased consumption of the n-3 fatty acids wing due to its many health benefits is propelling the demand for microencapsulation from the agrochemical, personal care, and food and beverage industries. 
  • Rising applications of microencapsulation to preserve the flavours and fragrances used in the food and beverage industry is boosting the growth of the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global microencapsulation industry for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the coating materials, technologies, applications, and major regions.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

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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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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