According to Custom Market Insights (CMI), The Global Microencapsulation Technology Market was estimated at USD 6 Billion in 2021 and is anticipated to reach around USD 10 Billion by 2030, growing at a CAGR of roughly 8% between 2022 and 2030.
Our research report offers a 360-degree view of the Microencapsulation Technology market’s drivers and restraints, coupled with their impact on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Microencapsulation Technology market.
Microencapsulation Technology Market: Overview
“microencapsulation” often refers to sizes between 1 micrometre and 1 millimetre. The packaging technique known as microencapsulation involves covering liquid, solid, or gaseous components with thin polymeric coatings to create tiny particles known as microcapsules. There are several uses for microencapsulation, including in the food additive, pharmaceutical, and agricultural industries.
Although it has its roots in the pharmaceutical sector, microencapsulation is still a relatively new idea in the food and supplement industries. One of the most promising methods for regulated drug delivery is microencapsulation. As drug delivery systems, microparticles offer several benefits, such as good protection of the encapsulated chemical against degradation and simple administration.
Browse the full “Microencapsulation Technology Market Size, Trends and Insights By Coating Material (Carbohydrates, Lipids, Gums Resins, Polymers, Proteins), By Technology (Coating, Spray Technologies, Emulsion, Dripping, Others), By Application (Pharmaceutical Healthcare Products, Food Beverages, Home Personal Care, Construction, Textile, Agrochemicals, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032″ report at https://www.custommarketinsights.com/report/microencapsulation-technology-market/
Growth Factors
Due to its stability, the microencapsulation method is frequently used in foods and supplements. In capsules, tablets, nutrient bars, and other food systems, many bioactive compounds, including vitamin C, are unstable and quickly lose their potency.
As a result, numerous manufacturers use the microencapsulation method. The microencapsulation method offers several benefits, such as taste and odour masking. The factors above are anticipated to increase consumer interest in microencapsulation technologies, fueling the expansion of the worldwide microencapsulation market.
A risk for new participants is anticipated, given the strong foundation of the established firms and the significant initial investment connected with the technologies. But, on the other hand, it is expected that over the following years, new opportunities will present themselves for the players due to the increasing penetration of technology and the rapid development in end-use industries like food and beverage and medicines.
A patent-pending microencapsulation technique is being investigated by a consortium of manufacturers of microencapsulation technology. For instance, UC Davis and BASF recently signed a research collaboration deal.
Segmental Overview
The market for Microencapsulation Technology is segmented into coating material, technology, and application. Around 20% of total sales in 2021 came from the carbohydrates segmentation, which includes the essential coating materials chitosan, starch, maltodextrin, cyclodextrin, and corn syrup. These products’ excellent solubility and resilience in a volatile environment are anticipated to contribute to the segment’s expansion.
Due to its superior features, a polymer used as a coating material is anticipated to experience a high CAGR during the anticipated period. The most popular polymers are polylactic acid (PLA) and polylactic-co-glycolic acid (PLGA), widely used in items like surgical sutures and depot formulations that have received approval from the US FDA.
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Regional Overview
The highest market share for microencapsulation worldwide was held by North America, followed by Europe and Asia-Pacific. This region’s substantial market share can be attributed to its abundance of microencapsulation technology suppliers, robust functional food, pharmaceutical, and agrochemical industries, rising consumer demand for products with novel technologies like microencapsulation, and expanding innovation in the personal care and cosmetics sectors.
Due to the region’s booming pharmaceutical and food processing sectors, the Asia Pacific market is anticipated to grow at a substantial CAGR during the period under review. In addition, favourable government initiatives to encourage FDI in the pharmaceutical sector in China and India have been essential in advancing the Asia Pacific healthcare sector.
Key Players Insights
Numerous well-established competitors in the global microencapsulation market are projected to make it the most consolidated market. The availability of raw materials is anticipated to remain a significant worry for industry competitors. Manufacturers are expected to form strategic alliances with buyers from various application categories to reach the consumer base. This would heighten competition amongst industry competitors.
- 2022: A strategic alliance between The Aenova Group, a multinational contract manufacturing, and development company, and Microcaps, a Swiss biotechnology start-up focused on microencapsulation technology, was announced. The partnership’s goal is to hasten and enhance the creation of medications, dietary supplements, and other goods.
Prominent Players
- Encapsys LLC
- International Flavors Fragrances Inc.
- Reed Pacific Pty Limited
- Firmenich Incorporated
- Givaudan S.A.
- Ingredion Incorporated
- Symrise AG
- MikroCaps d.o.o
- Koehler Innovative Solutions
- Sensient Technologies
- Evonik Industries AG
- Koninklijke DSM N.V.
- Micropore Technologies Limited
Table of Contents: https://www.custommarketinsights.com/report/microencapsulation-technology-market/#table-of-contents
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