Microencapsulation Market Report 2023 - Industry Analysis, Trends, Growth And Forecast To 2032 | LycoRed Group, BASF SE, Balchem Corp., Encapsys LLC, AVEKA Group

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Microencapsulation Market Size, Growth Rate, And Forecast

The global microencapsulation market size is expected to grow from $9.31 billion in 2022 to $10.47 billion in 2023 at a compound annual growth rate (CAGR) of 14.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global microencapsulation market size is expected to reach $15.54 billion in 2027 at a CAGR of 11%.

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Microencapsulation Market Drivers

Rising consumer demand for functional food is expected to propel the growth of the microencapsulation market going forward. Functional foods are defined as processed foods that give medical or health advantages as well as illness risk reduction. Microencapsulation is a method that aid in the improvement of functional meals.

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Microencapsulation Market Segments

1. By Material: Agricultural Inputs, Food Additives, Pharmaceutical And Healthcare Drugs, Fragrances, Phase Change Material, Other Core Materials.
2. By Shell Material: Polymers, Gums And Resins, Lipids, Carbohydrates, Protein.
3. By Technology: Spray Technology, Dripping Technology, Emulsion Technology, Other Technologies.
4. By Application: Pharmaceutical And Healthcare Products, Food And Beverages, Household And Personal Care Products, Agrochemicals, Construction Material, Textiles, Other Applications.
5. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Microencapsulation market.

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Microencapsulation Market Key Players

Major competitors in the microencapsulation market include LycoRed Group, BASF SE, Balchem Corp., Encapsys LLC, AVEKA Group, Givaudan SA, International Flavors & Fragrances Inc

The Business Research Company's "Global Microencapsulation Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations..

The Table Of Content For The Microencapsulation Market Include:

1. Executive Summary
2. Microencapsulation Market Characteristics
3. Microencapsulation Market Trends And Strategies
4. Microencapsulation Market - Macro Economic Scenario
5. Microencapsulation Market Size And Growth
……
26. Africa Microencapsulation Market
27. Microencapsulation Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Microencapsulation Market
29. Microencapsulation Market Future Outlook and Potential Analysis
30. Appendix

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