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Microencapsulation Market Report 2023 - Industry Analysis, Trends, Growth And Forecast To 2032 | LycoRed Group, BASF SE, Balchem Corp., Encapsys LLC, AVEKA Group
Microencapsulation Market
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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Microencapsulation Market Size, Share | Forecast 2032
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- The global Microencapsulation Market is expected to record a CAGR of XX.X% from 2024 to 2031 In 2024, the market size is projected to reach a valuation of USD XX.X Billion. By 2031 the valuation is anticipated to reach USD XX.X Billion.
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2032, Microencapsulation Market Trend & Forecast Report
The microencapsulation market refers to the market for the process of enclosing tiny particles or droplets within a protective coating called microcapsules. These microcapsules can be composed of various materials and are used in a wide range of industries and applications.
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Market Overview
Microencapsulation is originated in the pharmaceutical industry, however, it is a relatively new concept in the supplement and food business. Microencapsulation is one of the most promising technique for controlled drug delivery. Micro particles provides various advantages as drug delivery systems, which include effective protection of encapsulated agent against degradation, easy administration, etc.
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Actionable Insights in Global Microencapsulation Market
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Microencapsulation Market
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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Microencapsulation Market Microencapsulation Market is segmented by technology, core materials, applications, shell…
