The size of microencapsulation market is expected to achieve significant CAGR owing to growing awareness and demand for fortified food products added with increasing demand from the pharmaceutical industry for various applications along with emergence of new technologies. —
The microencapsulation market size will likely surpass USD 14 billion by 2024. Enhanced and uplifted product properties helped to drive the microencapsulation industry share. Expansion in pharma sector coupled with extensive research & developments in the healthcare field are driving the microencapsulated drugs market. The demand for microencapsulated drugs and probiotics is projected to witness an upward trend during the forecast period.
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Asia Pacific microencapsulation market will account for more than USD 2 billion in 2024. This can be ascribed to rising awareness regarding health & well-being among individuals coupled with increasing purchasing power and changing retail and dietary preferences.
Europe will be the second largest regional market in 2024 after North America. The regional microencapsulation market is rapidly advancing in terms of availability of coating technologies, raw materials and applications. Developed economies such as UK, Germany, France, and Italy are at the forefront of the regional market due to the heavy penetration of the technology in the pharmaceutical industry.
According to coating material, gelatin is expected to grow at a significant rate of over 10% during the forecast years. It is a broadly used coating material, which is likely to create at a substantial share in the market since the product is water soluble resin and widely used in food, pharmaceutical and cosmetics industry.
The applications include food additives, agrochemicals, pharmaceuticals and house hold products. Demand for the technology in the food & beverage industry is estimated to progress at a CAGR close to 10%. Improved nutritional value of food products provided by the technique along with taste, color, texture, and aroma is the primary factor driving its demand in the sector.
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The technology segment is led by the mechanical technique that will record a share of over 60% of the global microencapsulation market in 2024 due its low cost. The procedure is widely used in several end-user industries for the production of microcapsules and microspheres.
The primary companies in the microencapsulation market involve Dow, 3M, Bayer, BASF, Syngenta and Encapsys which hold a major portion of the total company market.
Browse key industry insights spread across 256 pages with 266 market data tables & 29 figures & charts from the report, “Microencapsulation Market Size By Core Material (Solid, Liquid, Gas), By Coating Material (Gelatin, Polyvinyl Alcohol, Ethyl Cellulose, Cellulose Acetate Phthalate), By Technology (Chemical, Physiochemical, Electrostatic, Mechanical), By Application (Pharmaceutical, Food additives, Agrochemicals, Household products), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
Partial Table of Contents (ToC) of the report:
Chapter 4. Microencapsulation Market, By Core Material
4.1. Global microencapsulation market share by core material, 2017 & 2024
4.2.1. Market estimates and forecasts, 2013 - 2024
4.2.2. Market estimates and forecasts by region, 2013 – 2024
4.3.1. Market estimates and forecasts, 2013 - 2024
4.3.2. Market estimates and forecasts by region, 2013 – 2024
4.4.1. Market estimates and forecasts, 2013 - 2024
4.4.2. Market estimates and forecasts by region, 2013 – 2024
Chapter 5. Microencapsulation Market, Coating Material By Application
5.1. Global microencapsulation market share by coating material, 2017 & 2024
5.2.1. Market estimates and forecasts, 2013 – 2024
5.2.2. Market estimates and forecasts, gelatin by application, 2013 – 2024
5.2.3. Market estimates and forecasts by region, 2013 – 2024
5.3. Polyvinyl alcohol
5.3.1. Market estimates and forecasts, 2013 – 2024
5.3.2. Market estimates and forecasts, polyvinyl alcohol by application, 2013 – 2024
5.3.3. Market estimates and forecasts by region, 2013 – 2024
5.4. Ethyl cellulose
5.4.1. Market estimates and forecasts, 2013 – 2024
5.4.2. Market estimates and forecasts, ethyl cellulose by application, 2013 – 2024
5.4.3. Market estimates and forecasts by region, 2013 – 2024
5.5. Cellulose acetate phthalate
5.5.1. Market estimates and forecasts, 2013 – 2024
5.5.2. Market estimates and forecasts, cellulose acetate phthalate by application, 2013 – 2024
5.5.3. Market estimates and forecasts by region, 2013 – 2024
5.6.1. Market estimates and forecasts, 2013 – 2024
5.6.2. Market estimates and forecasts, others by application, 2013 – 2024
5.6.3. Market estimates and forecasts by region, 2013 – 2024
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/microencapsulation-market
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