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Microencapsulation Market: Meticulous Research® Reveals Why This Market Is Expected to Grow at a CAGR of 11.7% to Reach $17.31 Billion by 2027

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Microencapsulation Market: Meticulous Research® Reveals Why This Market Is Expected to Grow at a CAGR of 11.7% to Reach $17.31 Billion by 2027

August 26
13:50 2021
Microencapsulation Market: Meticulous Research® Reveals Why This Market Is Expected to Grow at a CAGR of 11.7% to Reach $17.31 Billion by 2027
The Microencapsulation Market is expected to grow at a CAGR of 11.7% from 2020 to 2027 to reach $17.31 billion by 2027.
Microencapsulation Market by Coating Material (Polysaccharides, Proteins), Technology [Physico-Mechanical (Spray Drying, Coextrusion); Physico-Chemical; Chemical], Application (Pharmaceutical, Food), Core Material, and Core Form – Global Forecast to 2027

The microencapsulation technique is used to form a microcapsule, which consists of active material in the internal phase, surrounded by a coating. Ingredients are encapsulated to prevent them from the environmental conditions or achieve controlled and targeted release of active ingredients. The wide range of microencapsulation benefits is gaining traction in many industries, including food and nutraceuticals, pharmaceutical, home & personal care, and agrochemicals. The rising demand for functional food products, growing demand for pharmaceutical and agrochemical products, strong growth in the cosmetic industry, and rising R&D investment for improving process efficiency indicate the microencapsulation market’s untapped growth potential. Technological advancements, emerging plastic-free encapsulation technologies, and emerging economies provide significant opportunities for manufacturers in the microencapsulation market.

According to the latest publication on the Microencapsulation Market by Meticulous Research®, the microencapsulation market is expected to grow at a CAGR of 11.7% from 2020 to 2027 to reach $17.31 million by 2027.

To provide an efficient and accurate analysis, Meticulous Research® has segmented this market based on core material [pharmaceutical & healthcare drugs; food, feed, and nutraceuticals (vitamins and minerals, enzymes, organic acids, prebiotics and probiotics, sweeteners, flavors and colors, amino acids and proteins, essential oils, others); fragrances; agriculture inputs; phase change material; and other core material]; core form (liquid, solid, gas); coating material (polysaccharides, polymers, proteins, lipids & waxes, gums & resins, and others); technology/method [physico-mechanical methods (spray drying, fluidized bed spray coating, coextrusion, spray chilling or congealing, other physico-mechanical methods); physico-chemical methods (coacervation or phase separation methods and other physico-chemical methods); chemical methods (in-situ polymerization and interfacial polymerization); and other microencapsulation methods]; application (pharmaceutical, home and personal care, food, feed, and nutraceuticals, agrochemical and others; and geography. The study also evaluates industry competitors and analyses the market at a country level.

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Geographically, the microencapsulation market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Growing demand for functional products with novel technologies, such as microencapsulation; increasing innovation in its personal care and cosmetics industry; and strong growth in the pharmaceutical industry contribute to North America`s estimated largest share in the microencapsulation market in 2020. However, the Asia-Pacific region is projected to offer lucrative growth to the key players in the market and achieve the fastest growth during the analysis period. The rapid growth of this market is mainly attributed to the accelerated economic growth of many countries in this region, growing industrialization, and increasing awareness about functional products.

Based on core material, in 2020, the pharmaceutical & healthcare drugs segmentis estimated to dominate the microencapsulation market. Key factors contributing to this segment’s dominant position are cost-effectiveness compared to other technologies and growing awareness regarding the benefits of microencapsulated medicines. Based on type, the food, feed, and nutraceutical microencapsulation market is segmented into vitamins and minerals, enzymes, organic acids, prebiotics and probiotics, sweeteners, flavors and colors, amino acids and proteins, essential oils, and others. The vitamins and minerals segment is estimated to account for the largest share of the food, feed, and nutraceutical microencapsulation market in 2020, owing to the growing demand for dietary supplements and increasing use of microencapsulation for controlled and targeted release of vitamins and minerals.

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Scope of the Report:

Microencapsulation Market, by Core Material

  • Pharmaceutical and Healthcare Drugs
  • Food, Feed, and Nutraceuticals
    • Vitamins and Minerals
    • Enzymes
    • Organic Acids
    • Prebiotics and Probiotics
    • Sweeteners
    • Flavors and colors
    • Amino Acids and Proteins
    • Essential Oils
    • Other Food, Feed, and Nutraceutical Industry Core Materials
  • Fragrances
  • Agriculture Inputs
  • Phase Change Materials
  • Other Core Materials

Microencapsulation Market, by Core Form

  • Liquid
  • Solid
  • Gas

Microencapsulation Market, by Coating Material

  • Polysaccharides
  • Polymers
  • Proteins
  • Lipids and Waxes
  • Gums and Resins
  • Other Coating Material

Microencapsulation Market, by Technology

  • Physico-mechanical Methods
    • Spray Drying
    • Fluidized Bed Spray Coating
    • Coextrusion
    • Spray Chilling or Congealing
    • Other Physico-mechanical Methods
  • Physico-Chemical Methods
    • Coacervation or Phase Separation Methods
    • Other Physico-chemical Methods
  • Chemical Methods
    • In-Situ Polymerization
    • Interfacial Polymerization
  • Other Microencapsulation Methods

Microencapsulation Market, by Application/Industrial Sector

  • Pharmaceutical Industry
  • Home and Personal Care Industry
    • Personal Care Industry
      • Skincare Products
      • Haircare Products
      • Deodorants and Perfumes
      • Other Personal Care Products
    • Home Care Industry
      • Laundry Detergents and Fabric Conditioners
      • House Cleaning Agents
      • Other Home Care Products
    • Food, Feed, and Nutraceutical Industry
    • Agrochemical Industry
    • Other Industrial Sectors

Microencapsulation Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • Latin America
  • Middle East & Africa

To gain more insights into the market with a detailed table of content and figures, click here : https://www.meticulousresearch.com/product/microencapsulation-market-forecast-3294

Based on core form, the microencapsulation market is segmented into liquid, solid, and gas. The liquid form segment is estimated to command the largest share of the microencapsulation market in 2020. Liquid core active substances involve oils, pigments, solvents, perfumes, and agrochemicals, among others. These materials contain the additional property of getting dissolved and dispersed. 

Based on coating material, the microencapsulation market is segmented into polysaccharides, proteins, lipids & waxes, resins, and others. The polysaccharides segment is estimated to command the largest share of the microencapsulation market in 2020. Further, this segment is projected to grow at the highest CAGR during the forecast period of 2020-2027. Polysaccharides can be obtained from abundant renewable sources and are non-toxic, making them valuable for food and pharmaceutical formulations. Further, starch is the most consumed polysaccharide in the human diet and is listed in the GRAS list of the U.S. Food and Drug Administration.

Based on technology/method, the microencapsulation market is segmented into chemical, physico-chemical, physico-mechanical, and other technologies. The physico-mechanical segment is estimated to command the largest share of the microencapsulation market in 2020. The leading position of the physico-mechanical segment is attributed to the wide range of benefits offered by these technologies, including high production capacity, high recovery efficiency, cost-effectiveness, and simplicity of the process with safety.

Based on type, the physico-mechanical methods market is segmented into spray drying, fluidized bed spray coating, coextrusion, spray chilling or congealing, and other physico-mechanical methods. The spray drying segment is estimated to account for the largest share of the physico-mechanical methods market in 2020. This method is largely used in microencapsulation mainly due to the rapid processing at low cost, a wide choice of coating material, good encapsulation efficiency & stability of the finished product, and the possibility of large-scale production in the continuous mode.

Based on application, the microencapsulation market is segmented into pharmaceutical; home & personal care; food, feed, and nutraceutical; agrochemical; and others. The pharmaceutical segment is estimated to hold the major share of the microencapsulation market in 2020. The key factors contributing to the major share of this segment include its unique properties, such as protection of the drug from the environment, stabilization of sensitive drug substances, elimination of incompatibilities or masking of unpleasant taste, conversion of liquid drugs in a free-flowing powder, and prevention of vaporization of many volatile drugs. The demand for microencapsulated biomolecules is increasing in the pharmaceutical industry due to its effective and targeted delivery. However, the food, feed, and nutraceutical segment is expected to grow at the highest CAGR during the forecast period, owing to the increasing awareness about functional food products, strong growth in dietary supplements, and increasing use of encapsulation ingredients in the F&B industry.

Key Players:

The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players in this market, including Givaudan S.A. (Switzerland), International Flavors & Fragrances, Inc.(U.S.), Encapsys, LLC (U.S.), Reed Pacific Pty Limited (Australia), Firmenich Incorporated (Switzerland), Symrise AG (Germany), Ingredion Incorporated (U.S.), MikroCaps d.o.o (Slovenia), Koehler Innovative Solutions (Germany), Koninklijke DSM N.V. (Netherlands), Sensient Technologies (U.S.), Evonik Industries AG (Germany), and Micropore Technologies Limited (U.K.), among others.

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About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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