Global Microencapsulation Market was valued at USD 6.78 billion in 2018 and is expected to reach USD 14.40 billion by the year 2026, at a CAGR of 9.8%. Global Microencapsulation is a process in which active ingredients are coated with extremely small capsules. This technology has been used in the cosmetics industry, the pharmaceutical, agrochemical, and food industries, in flavors, acids, oils, vitamins, microorganisms, among others. The market is driven by the increasing prevalence of chronic target diseases, rising demand in the pharmaceutical industry, increased demand for supplementary products, and more efficient physiological action. Increasing chronic diseases such as cancer, hypertension, and other CVS diseases is expected to fuel market growth. In hypertension, the drug is required to remain active on the administration to avoid several doses per day. Global Microencapsulation offers prolonged and or sustained release action, as the core material or active ingredients are coated with polymers or other biodegradable and chemically compatible coating material, which restricts the drug release for a more extended time. Reduced multiple doses have to lead to more patient compliance, which is expected to propel the Global Microencapsulation market growth. The broader application of Global Microencapsulation in various industries is enhancing market demand. For example, Global Microencapsulation is widely used in the food industry for perishable products such as highly volatile foods and prevention from auto-oxidation of certain dairy products.
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Top Leaders Operating in the Market are :
BASF, Royal Frieslandcampina, Syngenta Crop Protection, Koninklijke DSM, Givaudan, International Flavors & Fragrances, Symrise, Sensient Technologies, Lycored Corp., and Koehler Innovative Solutions
Further key findings from the report suggest
The physical methods segment dominates the market with highest market share in the year 2018. It is estimated to grow at a CAGR of 10.1% during the forecast period to reach USD 6.29 billion by 2026
Based on application segment, the pharmaceutical & healthcare is expected to account for the CAGR 10.2% of the Global Microencapsulation market, as increased demand of masking the odor and taste of the molecule used and to provide sustained release effect
Asia Pacific is expected to account for the CAGR 11.2% of the Global Microencapsulation market. Developing nations such China, and India are likely to witness high growth due to high prevalence of target diseases, increased healthcare expenditure and high demand of fertilizers in agriculture application segment
Based on coating material polymers dominate the total market share of Global Microencapsulation, as the polymer provide even and better coating to the granules of core material and is chemically instable
Slow rate of commercialization, high costs involved in research and development, and some allergies associated with the materials used in Global Microencapsulation are among the key factors likely to hamper growth of the market
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Key Factors:
Which key factors expected to boost Global Microencapsulation market growth during the forecast period?
Which factors are expected to hamper the growth of Global Microencapsulation market throughout the forecast period?
Which application segment revenue is expected to register rapid CAGR between 2021 and 2026?
Which regional segment is expected to register fastest revenue CAGR throughout the forecast period?
Which are the leading companies operating in the Global Microencapsulation market?
What is the scope of growth of product companies in the Global Microencapsulation market?
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Global Microencapsulation Market Segmentation:
Based on Product Type:
Chemical Methods
Solvent Evaporation
Interfacial Cross-Linking
Interfacial Polycondensation
In Situ Polymerization
Matrix Polymerization
Physical Methods
Spray Drying
Fluid-Bed/Pan Coating
Centrifugal Extrusion
Vibrating Nozzle
Spinning Disk Global Microencapsulation
Physicochemical method
Ionotropic Gelation
Polyelectrolyte Complexation
Coacervation
Supercritical Fluid Technology
Based on Application:
Pharmaceutical & Healthcare
Renal Failure
CVS Diseases
Colon Disease
Diabetes
Liver Disease
Cancer
Food & Fragrances
Agriculture
Others
Regional Analysis Covers:
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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