Global Microencapsulation Market Overview:
Microencapsulation is a method of coating active substances with very small capsules. It is a relatively modern technology that has found applications in the cosmetics, pharmaceutical, agrochemical, and food industries, with applications in flavours, acids, oils, vitamins, and microorganisms, among other. Microencapsulation is a relatively recent phenomenon in the supplement and food industry, having emerged in the pharmaceutical industry. One of the most promising techniques for managed drug delivery is microencapsulation. As drug delivery devices, micro particles provide a number of benefits, including successful safety of the encapsulated agent against degradation, ease of administration, and so on. Microencapsulation is a packaging technique that involves covering liquid, solid, or gaseous materials with thin polymeric coatings and forming microcapsules. Because of its durability, the microencapsulation process is commonly used in foods and supplements. Many bioactive compounds, such as vitamin C, are highly unstable in pills, tablets, nutrient bars, and other food systems. As a result, various manufacturers use the microencapsulation technique. Furthermore, the microencapsulation process has a number of benefits, including odor and taste masking. The aforementioned factors are expected to increase demand for microencapsulation technologies, thereby propelling the global microencapsulation market forward.
As per latest study released by AMA Research, the Global Microencapsulation market is expected to see growth rate of 10.9%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Rise in demand from the Agrochemicals Sector
Market Growth Drivers:
Increase In Demand for Fortified Food Products With Health Benefits and Increase in Demand for Use in Functional Food
Challenges:
Stability of Microencapsulated Ingredients in a Varying Atmosphere and Various Regulatory Factors
Restraints:
High Cost Associated With the Microencapsulated Process
Opportunities:
Widespread Applications of Microencapsulation and Rise in Demand To Enhance Product Functionality
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are BASF (Germany), Lubrizol Life Science Health (United States), Royal FrieslandCampina (Netherlands), Syngenta Crop Protection (Switzerland), Koninklijke DSM (Netherlands), Givaudan (Switzerland), Firmenich (Switzerland), Symrise (Germany), International Flavors& Fragrances (United States) and Sensient Technologies (United States). Additionally, following companies can also be profiled that are part of our coverage like Arcade Beauty (United States) and Lycored Corp. (United Kingdom). Analyst at AMA Research see European Manufacturers to retain maximum share of Global Microencapsulation market by 2030. Considering Market by End-User Industry, the sub-segment i.e. Pharmaceuticals & Health Care will boost the Microencapsulation market. Considering Market by Coating Type, the sub-segment i.e. Polyvinyl Alcohol will boost the Microencapsulation market. Considering Market by Technology, the sub-segment i.e. Spray will boost the Microencapsulation market.
Latest Market Insights:
On March 1, 2023, Microencapsulation Technologies, a leading provider of microencapsulation solutions, announced the acquisition of MicroSphere, a company specializing in microencapsulation technologies for the food and beverage industry. This acquisition expands Microencapsulation Technologies' product portfolio and strengthens its position in the microencapsulation market.
On May 2, 2023, Evonik, a leading specialty chemicals company, launched a new microencapsulation technology for food and nutrition applications. This new technology, called Tastelok®, allows for the encapsulation of flavors, vitamins, and other nutrients, which can improve the taste, stability, and bioavailability of food and nutrition products.
What Can be Explored with the Microencapsulation Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Microencapsulation Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Microencapsulation
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Microencapsulation market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Microencapsulation market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Microencapsulation, Suppliers of Microencapsulation, Wholesalers, Distributors and Retailers of Microencapsulation, Pharmaceutical Companies, Food & Beverage Industry and Governmental Bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.