Press release
Global Microencapsulation Market is expected to grow at a CAGR of 13.7% during the forecast period from 2019-2025
Global Microencapsulation Market 2019, Global Microencapsulation Market Growth, Global Microencapsulation Market Trends
Microencapsulation Market by Technology (Spray Technology, Emulsion Technologies, Others), Core Material, Shell Material, Application, Region Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.
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Prominent companies in the industry include are BASF, Royal FrieslandCampina, Syngenta Crop Protection, Koninklijke DSM,Givaudan, Firmenich, Symrise. among others. Leaders are providingbetter opportunities and continuously focused on new product developments and venture capital investments to capture market share.For instance, in August 2018, BASF's (Germany) animal nutrition division launched Lucantin NXT product line in the European Union that would gradually be marketed in other countries. The carotenoid formulation would meet the latest regulation that requires ethoxyquin (EQ) to be withdrawn as a stabilizer
Technology segment is divided into segments such as spray technology, emulsion technologies, dripping technologies, and others. The spray technologies segment is dominating the market and valued around USD 2.04 Billion in 2017. Spray technologies include high production capacity, high recovery efficiency, the simplicity of the process, cost efficiency, and process safety. Thus, they are widely used in the large scale manufacturing of food and pharmaceutical grade microencapsulation.The core material segment includes agricultural inputs, food additives, pharmaceutical & healthcare drugs, fragrances, phase change materials, and others. The pharmaceutical & healthcare drugs segment is dominating the market with the highest share of 32.10% in 2017 as it offers various benefits. Microencapsulation technology is a cost-effective option for increasing the bioavailability of drugs, as compared to other technologies.The shell material segment is classified into polymers, gums & resins, lipids, carbohydrates and proteins. The carbohydrates segment is dominating the market and valued around USD 2.03 Billion in 2017. It is due to the enhanced abilities to absorb volatilities in the environment. In addition, carbohydrates exhibit low viscosities at high solid contents, which in turn is stirring up their demand as a coating material.The application segment includes pharmaceutical & healthcare products, food & beverages, household & personal care products, agrochemicals, construction materials, textiles and other. The pharmaceutical & healthcare products segment is dominating the market with the highest share of 30.10% in 2017. Microencapsulation technologies are extensively used by pharmaceutical companies to mask the bitter taste or smell in drugs and to provide targeted delivery and controlled delivery. The demand for microencapsulated biomolecules is increasing in the pharmaceutical industry due to functions such as targeted action.
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High demand for fortified food products with health benefits is a major factor driving the market. In addition, increased R&D activities for process efficiency and consumer preference for functional products further stimulates the demand.However, cost burden associated with the microencapsulated process may obstruct the growth of market. Nevertheless, use of improved technologies to tap niche markets may boost the market in forthcoming years
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