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Global Microencapsulation Market: By Coating Materials: Carbohydrates, Gums and Resins, Lipids, Polymers, Proteins; By Technology: Coating, Emulsion, Spray Technologies, Dripping, Others; By Application; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Microencapsulation Market Outlook
The global microencapsulation market attained a value of nearly USD 9.52 billion in 2021. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 12.95% to reach about USD 19.77 billion by 2027.
Rising Demand from the Healthcare Industry to Propel the Market Growth of Microencapsulation
The global market for microencapsulation is being driven by the rising demand for the procedure from the healthcare sector. Microencapsulated nutritional supplements have witnessed a robust demand in recent years owing to their ability to boost the immune function and thus reduce the risk of illness. In addition to this, the advent of the COVID-19 pandemic catalysed the growth of the market. This can be attributed to the several immunity boosting properties of the microencapsulation technology, which is a prime factor augmenting the growth of the market.
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Moreover, the rising focus on healthcare owing to inflating disposable incomes, the development of cost-effective drugs, and the overall flourishing healthcare sector, the market is further invigorating. In addition to this, when compared to other methods, microencapsulation technology is a cost-effective way to boost drug bioavailability, thereby stimulating growth. Hence, these are some of the factors bolstering the demand for microencapsulation from the pharmaceutical and nutraceutical sectors and providing impetus to the market.
North America is Expected to Hold a Significant Share in the Overall Growth of the Market
The microencapsulation industry is predicted to be led by North America in the coming years. This can be associated with the augmented demand for value-added goods in food, healthcare, nutrition, and the personal care industries, among others. Further, growing expenditure on the healthcare sector, favourable medical policies, and inflating per capita income of the people are some of the factors providing impetus to the market in North America. In addition to this, the widespread presence of leading pharmaceutical and nutraceutical companies in the regions that are constantly engaged in research and development (R&D) for the development of functional drugs with revolutionary technologies such as microencapsulation are positively influencing the growth of the market in the region.
Microencapsulation : Market Segmentation
Microencapsulation refers to a procedure that entails the development of natural or synthetic shells in which active ingredient particles are housed and kept safe from the environment. It is a critical commercial technology that allows for the protection and controlled release of a variety of active ingredients.
On the basis of coating material, the market can be divided into:
- Carbohydrates
- Gums and Resins
- Lipids
- Polymers
- Proteins
Based on technology, the market can be classified into:
- Coating
- Emulsion
- Spray Technologies
- Dripping
- Others
On the basis its application, the market is segmented into:
- Pharmaceutical and Healthcare Products
- Home and Personal Care
- Food and Beverages
- Agrochemicals
- Construction
- Textiles
- Others
The EMR report looks into the regional markets of microencapsulation like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
Diverse Applications of Microencapsulation Technology to Invigorate the Market Growth
The market growth of microencapsulation can be attributed to the diverse applications of the technology across industry verticals. The food and beverage, and agrochemical industries are all benefitting from the acceptance of microencapsulated components. Furthermore, increased consumption of n-3 fatty acids for health reasons is projected to enhance the demand for microencapsulation in masking applications, thereby adding to the market growth. Further, due to the increased demand for microencapsulation technology from the personal care sector for the production of cosmetic supplements, including natural ingredients, the market is further expanding.
Moreover, factors such as rapidly changing lifestyles, inflating incomes, and robust demand for healthy food products, among others, are assisting the market growth of microencapsulation. Furthermore, population growth, changes in consumer habits, and increasing consumption capacity in various parts of the world are all expected to boost the demand for nutritional food, thereby boosting the growth of the market.
Key Industry Players in the Global Microencapsulation Market
The report presents a detailed analysis of the following key players in the global microencapsulation market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Balchem Inc.
- Encapsys LLC
- Ronald T. Dodge Company
- Microtek Laboratories, Inc.
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Coating Materials, Technology, Application, Region |
| Breakup by Coating Materials | Carbohydrates, Gums and Resins, Lipids, Polymers, Proteins |
| Breakup by Technology | Coating, Emulsion, Spray Technologies, Dripping, Others |
| Breakup by Application | Pharmaceutical and Healthcare Products, Home and Personal Care, Food and Beverages, Agrochemicals, Construction, Textiles, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Balchem Inc., Encapsys LLC, Ronald T. Dodge Company, Microtek Laboratories, Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Microencapsulation Market Analysis
8.1 Key Industry Highlights
8.2 Global Microencapsulation Historical Market (2018-2022)
8.3 Global Microencapsulation Market Forecast (2023-2028)
8.4 Global Microencapsulation Market by Coating Materials
8.4.1 Carbohydrates
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Gums and Resins
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Lipids
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Polymers
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Proteins
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.5 Global Microencapsulation Market by Technology
8.5.1 Coating
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Emulsion
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Spray Technologies
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Dripping
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Microencapsulation Market by Application
8.6.1 Pharmaceutical and Healthcare Products
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Home and Personal Care
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Food and Beverages
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Agrochemicals
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Construction
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Textiles
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2018-2022)
8.6.6.3 Forecast Trend (2023-2028)
8.6.7 Others
8.7 Global Microencapsulation Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Microencapsulation Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Microencapsulation Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Microencapsulation Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Microencapsulation Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Microencapsulation Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Balchem Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Encapsys LLC
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Ronald T. Dodge Company
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Microtek Laboratories, Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Microencapsulation Market: Key Industry Highlights, 2018 and 2028
2. Global Microencapsulation Historical Market: Breakup by Coating Materials (USD Billion), 2018-2022
3. Global Microencapsulation Market Forecast: Breakup by Coating Materials (USD Billion), 2023-2028
4. Global Microencapsulation Historical Market: Breakup by Technology (USD Billion), 2018-2022
5. Global Microencapsulation Market Forecast: Breakup by Technology (USD Billion), 2023-2028
6. Global Microencapsulation Historical Market: Breakup by Application (USD Billion), 2018-2022
7. Global Microencapsulation Market Forecast: Breakup by Application (USD Billion), 2023-2028
8. Global Microencapsulation Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Microencapsulation Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Microencapsulation Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Microencapsulation Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Microencapsulation Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Microencapsulation Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Microencapsulation Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Microencapsulation Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Microencapsulation Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Microencapsulation Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Microencapsulation Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Microencapsulation Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Microencapsulation Market Structure
Key Questions Answered in the Report
The global microencapsulation market attained a value of USD 9.52 billion in 2021.
The market is projected to grow at a CAGR of 12.95% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 19.77 billion by 2027.
The market is being driven by inflating disposable incomes, changing lifestyles, and the rising focus on healthier diets.
The market is expected to be defined by the ongoing pharmaceutical and nutraceutical advancements to utilise microencapsulation technology, as immunity-boosting supplements are witnessing increased demand.
The major regional markets for microencapsulation are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various coating materials used in the microencapsulation industry are carbohydrates, gums and resins, lipids, polymers, and proteins.
The various technologies of microencapsulation are coating, emulsion, spray technologies, and dripping, among others.
The different applications of microencapsulation include pharmaceutical and healthcare products , home and personal care, food and beverages, agrochemicals, construction, and textiles, among others.
The major players in the industry are Balchem Inc., Encapsys LLC, Ronald T. Dodge Company, and Microtek Laboratories, Inc. among others.
Analyst Review
The global microencapsulation market attained a value of about USD 9.52 billion in 2021, driven by the advancements in the pharmaceutical and nutraceutical industries. Aided by growing inclination towards healthier diets, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 12.95% to reach approximately USD 19.77 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on coating materials, the market can be segmented into carbohydrates, gums and resins, lipids, polymers and proteins. The market, based on technology, can be classified into coating, emulsion, spray technologies, and dripping, among others. On the basis of application, the market is divided into pharmaceutical and healthcare products, home and personal care, food and beverages, agrochemicals, construction, and textiles, among others. The major regional markets for microencapsulation are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Balchem Inc., Encapsys LLC, Ronald T. Dodge Company, and Microtek Laboratories, Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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