Market Size

The global microencapsulation market size was valued at USD 8.2 billion in 2020 and is estimated to reach a value of USD xx billion in 2027. The Microencapsulation market analysis shows that it will grow with a CAGR of 13.1% over the forecast period of 2021 to 2027.

Market Insight

The growing applications of microencapsulated products across multiple industries, the increasing demand for pharmaceutical and agrochemical products, and the growing demand for functional food products are all factors driving the microencapsulation market's growth.

Market Driver

Microencapsulation demand is increasing as demand for functional and fortified food and pharmaceutical products increases. This enables the incorporation of minerals, vitamins, flavors, and essential oils into food products, thereby enhancing their functional properties. Microencapsulation technologies have also had a significant impact on the pharmaceutical industry, owing to the benefits realized by manufacturers. Along with drugs, the pharmaceutical industry encapsulates other active ingredients such as peptides, proteins, and DNA/RNA molecules to meet market demand for value-added products. Due to the growing demand for microencapsulated products, numerous companies in the market are conducting extensive research and development; this has contributed significantly to the microencapsulation market's growth. Microencapsulation technologies must evolve to address niche markets such as the use of PCMs in energy applications and cancer and brain tumor-specific drug delivery. To improve the performance of their products, market players in PCMs are developing new products, microencapsulation technologies, increasing latent heat storage capacity, and evaluating various phase change temperature options. However, no technologies exist to enable the use of microencapsulated PCMs at temperatures greater than 500°C (932°F), as required in the energy sector. As a result, addressing this need is expected to create market opportunities.

COVID-19 Impact

The microencapsulation market is competitive, with major Tier I and Tier II suppliers such as Cargill, BASF, DSM, and Ingredion Incorporation participating. These suppliers have manufacturing facilities located throughout Asia Pacific, Europe, North America, South America, and the Rest of the World. COVID-19 has also had an effect on their businesses. Though the pandemic situation has impacted their businesses as well, there has been no discernible impact on their microencapsulation products' global operations and supply chain. Numerous manufacturing facilities for players continue to operate.

Regional Outlook

Innovations in the textile business to incorporate technology to enhance the strength and quality of products are expected to supplement growth during the forecast period in North America. The United States dominated the market in North America in 2019. It was  accounted for a share of more than 80% as a result of the technique's widespread use in the pharmaceutical and healthcare industries. The country's growth is expected to be fueled by the presence of key pharmaceutical companies such as Merck & Co, Johnson & Johnson, Pfizer, Bristol-Myers Squibb Company, and Eli Lilly and Company. The United Kingdom, Germany, Italy, and France together accounted for 72% of overall revenue in Europe, owing to the technology's early adoption in end-use applications. Major pharmaceutical companies in the region, such as Roche, Novartis, GlaxoSmithKline, Sanofi, Novo Nordisk, and Bayer, have been concentrating their efforts on the development of novel drug delivery systems, which has had a significant impact on market demand. The Asia Pacific market is expected to expand at a CAGR of 14% over the forecast period, owing to the region's rapid growth in the pharmaceutical and food processing industries. Favorable government policies promoting FDI in the pharmaceutical industry in China and India have been critical in promoting the Asia Pacific healthcare industry.

Research Methodology

Microencapsulation market report consists of market analysis including both primary and secondary research. Primary research comprises of the interaction between manufacturers, industry experts channel partners, and end users, while the secondary research presents an analytical interpretation of relevant published databases, which contains details like company annual reports, and financial reports, white papers, and purchased databases. For single, team and corporate user license, we will provide 15% free customization of the report. However, alternatively, if you are looking for additional data or insight related to the scope of the report, you may purchase the "Customized Research License". Please put an enquiry for the pricing details.

About Us

Market Insight Solutions is a leading market research firm which caters to a diverse portfolio of research campaigns. We are one of the fastest growing research organization led by an extensive team of individuals. Our team has individuals with more than 10 years of experience in diverse research domains. Our strategic insights aim at providing credible and practical solutions to meet the specific requirements of our clients. We offer market studies on basis of facts across cross domains.

Segments covered in the report

Microencapsulation Market Size and Outlook by Core Material

• Agricultural inputs
• Food additives
• Pharmaceutical & healthcare drugs
• Fragrances
• Phase change material
• Others

Microencapsulation Market Size and Outlook by Technology

• Spray technology
• Dripping technology
• Emulsion technology
• Others

Microencapsulation Market Size and Outlook by Application

• Pharmaceutical & healthcare products
• Food & beverages
• Household & personal care products
• Agrochemicals
• Construction material
• Textiles
• Others

Microencapsulation Market Size and Outlook by Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Russia
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Indonesia
  • South Korea
  • Australia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa

Companies Profiled in this Report

• BASF (Germany)
• Firmenich (Switzerland)
• Givaudan (Switzerland)
• International Flavors & Fragrances (US)
• Koninklijke DSM (Netherlands)
• Lycored Corp. (UK)
• Royal FrieslandCampina (Netherlands)
• Sensient Technologies (US)
• Symrise (Germany)
• Syngenta Crop Protection (Switzerland)

Actionable Outcomes

Our Microencapsulation Market Report offers a thorough assessment of estimations and projections on the market dynamics. Further, it helps in the implementation of these results as they show tangible benefits to business stakeholders and industry entities decisions as leaders.

Strategic Planning

Every business needs to understand how their product will Technology in the forthcoming years. With the current uncertainness due to the COVID-19 scenario, this analysis becomes significant to understand past disruptions and boost the preparedness for the next steps of decision. We at Market Insight Solutions are trying to break down the complex market for the business leaders through strategic insights and resilience in unpredictable situations.

Highlights of the report:

• COVID-19 impact on Microencapsulation market size
• Microencapsulation market size, drifts, drivers and opportunities
• Analyzing the regional market for the growth factors, estimated analysis and its penetration to the global market
• Microencapsulation market size in United States
• Understanding the dynamics of the parent market
• Prime fluctuations of the market dynamics
• Evaluation of the market opportunities
• Historical, current, and projected Microencapsulation market size from the standpoint of both value and volume
• Market segmentation and comprehensive analysis in the second or third level
• Reporting and evaluation of recent industry developments
• Analysis of market share and developments
• Detailed company profiling of leading companies
• Opportunities to newer markets in global and regional markets
• Analyzing the trajectory line of the business
• Analyze Microencapsulation market share
• Measures to consider for Microencapsulation market