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Microencapsulation Market Worth USD 26.2 billion, Growing at a CAGR of 14%, Recent Trends, Growth Strategies, Key Players, Opportunities and Forecast to 2029
Microencapsulation Market Overview:The global microencapsulation market is expected to be primarily driven by the rising popularity of functional foods and drug deliveries. Moreover, with the rise in disposable income across developing countries customers are purchasing dietary supplements, which in turn will boost the demand for microencapsulation technologies.
The global Microencapsulation market is estimated to be valued at USD 8 billion in 2019 and is projected to reach USD 26.2 billion by 2028, at a CAGR 14% during the forecast period 2022-2028.
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Microencapsulation process is widely adopted in the foods and supplements owing to its stability. Many bioactive substances, such as vitamin C, are unstable and easily deteriorate in capsules, tablets, nutrient bars and other food systems.
Microencapsulation Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are BASF (Germany), Royal FrieslandCampina (Netherlands), Syngenta Crop Protection (Switzerland), Koninklijke DSM (Netherlands), Givaudan (Switzerland), Firmenich (Switzerland), Symrise (Germany), International Flavors & Fragrances (US), Sensient Technologies and Others
Recent Development
March 2022: Pacifab Technologies, an India-based developer of encapsulation systems, has launched the XTR series of high-end encapsulation machines. This machine offers superior production density, complete in-process control, precision, and dosing flexibility, all while taking up 60% less space than traditional machines.
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 The carotenoid formulation would meet the latest regulation that requires ethoxyquin (EQ) to be withdrawn as a stabilizer.
In October 2018, Koninklijke DSM (Netherlands) opened its second animal nutrition & health premix plant in Jadcherla, India. With this expansion, the company expanded its geographical reach as well as increased its production capacity to cater to the growing demands in the region.
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Microencapsulation Market Segmentation:
Microencapsulation Market by Application, 2019-2028, (In USD Billion)
Pharmaceutical & Healthcare Products
Food & Beverages
Household & Personal Care Products
Agrochemicals
Construction Material
Textiles
Other Applications (Construction Chemicals, Inks, Energy Molecules)
Microencapsulation Market by Technology, 2019-2028, (In USD Billion)
Spray Technology
Dripping Technology
Emulsion Technology
Other Technologies (Coating, Physico-Chemical, and Chemical Technologies.)
Microencapsulation Market by Core Material, 2019-2028, (In USD Billion)
Agricultural Inputs
Food Additives
Pharmaceutical & Healthcare Drugs
Fragrances
Phase Change Material
Other Core Material (Defense, And Paper & Printing.)
Microencapsulation Market by Shell Material, 2019-2028, (In USD Billion)
Polymers
Gums & Resins
Lipids
Carbohydrates
Protein
Growth Factors:
Increasing demand from the Microencapsulation industries
The growing use of Microencapsulation in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Microencapsulation Market
Microencapsulation Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2028, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Key Microencapsulation Market Trends
- The report identifies, determines, and forecasts the Global Microencapsulation Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Microencapsulation Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Microencapsulation Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Microencapsulation Market.
Frequently Asked Questions
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What is the growth rate of Microencapsulation Market?
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Which region has largest share in Microencapsulation Market?
Who are the key players in Microencapsulation Market?
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Microencapsulation Market is expected to reach USD 17.44 billion by 2026 from 5.82 billion in 2016 at a CAGR of 11.6% (detailed analysis of growth rate has been provided in a report).
Increased awareness about health and wellness, nutrition in food product together with demand from the pharmaceutical industry are driving the global Microencapsulation Market
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