According to the latest report by IMARC Group, titled “Microencapsulation Market Growth: Global Industry Trends, Share, Size, Opportunity and Forecast 2021-2026; the global microencapsulation market reached a value of US$ 8.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 16 Billion by 2027, exhibiting at a CAGR of 9.98% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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The expanding pharmaceutical industry and the escalating prevalence of numerous chronic diseases are primarily strengthening the microencapsulation market. In line with this, the rising need to reduce adverse treatment effects, improve therapeutic efficacy by targeting the intended site, control drug release from encapsulated microparticles, etc., is further catalyzing the market growth. Additionally, microencapsulation is gaining traction for enhancing the stability of drugs by forming a barrier between the drug and external environment and improving the solubility of insoluble drugs by particle size reduction. This, in turn, is acting as another significant growth-inducing factor. Apart from this, the inflating demand for highly-efficient product variants in the food and beverage (F&B) industry, which utilize functional ingredients to improve flavor, color, and texture properties of products, is expected to fuel the microencapsulation market in the coming years.
Competitive Landscape:
- AVEKA Group
- Balchem Inc.
- BASF SE
- Bayer AG
- Capsulae
- Cargill Incorporated
- DuPont de Nemours Inc.
- Encapsys LLC
- Koehler Innovative Solutions
- Koninklijke DSM N.V
- Lycored, Reed Pacific
- Syngenta Group (China National Chemical Corporation)
Key Market Segmentation:
Breakup by Coating Material:
- Carbohydrates
- Gums and Resins
- Lipids
- Polymers
- Proteins
Breakup by Core Form:
- Solid
- Liquid
- Gas
Breakup by Technology:
- Spray Technology
- Dripping Technology
- Emulsion Technology
- Coating Technology
- Others
Breakup by Application:
- Pharmaceutical and Healthcare
- Household and Personal Care
- Food and Beverages
- Agrochemicals
- Construction
- Textiles
- Others
Breakup by Region:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise
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