The increasing applications of microencapsulated products across various industries, the growing demand for pharmaceutical and agrochemical products, and the increasing demand for functional food products are some of the factors driving the growth of the market.
The pharmaceuticals and healthcare products segment is projected to account for the largest share in the market. Microencapsulation is widely used in the healthcare and pharmaceutical sector for controlled drug delivery. Microencapsulation technologies are extensively used by pharmaceutical companies to mask the bitter taste or smell in drugs and to provide targeted delivery and controlled delivery. The demand for microencapsulated biomolecules is increasing in the pharmaceutical industry due to functions such as targeted action.
The spray technologies segment accounted for the largest market size in the global market during the forecast period. The spray technologies segment holds the largest market share in this market. This due to the benefits offered by the microencapsulation process, which includes high production capacity, high recovery efficiency, the simplicity of the process, cost efficiency, and process safety.
The pharmaceuticals & healthcare drugs segment accounted for the largest market size in the market during the forecast period. The pharmaceuticals & healthcare drugs segment holds the largest market share in the global market due to its various applications. Microencapsulation technology is a cost-effective option for increasing the bioavailability of drugs, as compared to other technologies.
North America constitutes the largest share of the microencapsulation market. The market for microencapsulation in the North American region is driven by the growing demand and awareness about value-added products for various areas such as nutrition, food, healthcare, and personal care. Due to this awareness and increased demand, companies are focusing on manufacturing functional products with novel technologies such as microencapsulation.
Key players include BASF (Germany), Royal FrieslandCampina (Netherlands), Syngenta Crop Protection (Switzerland), Koninklijke DSM (Netherlands), Givaudan (Switzerland), Firmenich (Switzerland), Symrise (Germany), International Flavors & Fragrances (US), Sensient Technologies (US), Lycored Corp. (UK), Balchem Corporation (US), Encapsys (US), Arcade Beauty (US), and Koehler Innovative Solutions (Germany).
Key Questions Addressed by the Report
· What are the growth opportunities for the market?
· What are the major technologies used in the market?
· What are the key factors affecting market dynamics?
· What are the several applications of microencapsulation in various industries?
· What are some of the major challenges and restraints that the industry faces?
1.1. Market Definition
1.2. Study Scope
1.3. Study Period
1.4. Market Stakeholders
2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Research Design
2.4. Data Validation
2.5. Limitations and Assumptions
3. Market Dynamics
3.1.1. Increase in Demand for Fortified Food Products With Health Benefits
126.96.36.199. Increase in Demand From the Food Industry
188.8.131.52.1. Increase in Demand for Use in Functional Food
184.108.40.206. Rise in Demand in the Pharmaceutical Industry
220.127.116.11.1. Controlled Drug Delivery
18.104.22.168.2. Targeted Drug Delivery
3.1.2. Rise in Demand From the Agrochemicals Sector
22.214.171.124. Controlled Release Technique to Enhance the Efficiency of Agrochemicals
126.96.36.199. Controlled Release Application for Convenience in Use
188.8.131.52. Reduced Application Cost
184.108.40.206. Increase in Environmental Concerns
3.1.3. Increased R&D Activities for Process Efficiency to Enhance Market Penetration
3.1.4. Increased Consumer Demand for Functional Products
3.1.5. Widespread Applications of Microencapsulation
3.2.1. High Cost Associated With the Microencapsulated Process
3.2.2. Stability of Microencapsulated Ingredients in A Varying Atmosphere
3.2.3. Regulatory Hindrance
3.2.4. Technical Constraints Associated With High Costs
3.2.5. Selection of Technology
3.3.1. Development of Advanced Technologies to Tap Niche Markets
3.3.2. Emerging Economies to Provide High Growth Opportunities
4. Executive Summary
5. Market for Microencapsulation, By Application
5.1. Pharmaceutical & Healthcare Products
5.2. Food & Beverages
5.3. Household & Personal Care Products
5.5. Construction Materials
6. Market for Microencapsulation, By Technology
6.1. Spray Technology
6.1.1. Spray Drying
6.1.2. Spray Chilling
6.2. Emulsion Technologies
6.2.1. In Situ Polymerization
6.2.3. Sol-Gel Encapsulation
6.3. Dripping Technologies
6.3.1. Spinning Disk/Rotational Suspension Separation
6.3.2. Centrifugal Extrusion
6.4. Other Technologies
7. Market for Microencapsulation, By Core Material
7.1. Agricultural Inputs
7.2. Food Additives
7.3. Pharmaceutical & Healthcare Drugs
7.5. Phase Change Materials
8. Market for Microencapsulation, By Shell Material
8.1.1. Polyurea & Melamine Formaldehyde
8.2. Gums & Resins
9. Market for Microencapsulation, By Region
9.1. North America
9.2.4. Rest of Europe
9.3. Asia Pacific
9.3.3. Rest of Asia Pacific
9.4. Rest of the World
9.4.1. South America
10. Company Profiles
10.2. Royal Frieslandcampina
10.3. Syngenta Crop Protection
10.4. Koninklijke Dsm
10.5. International Flavors & Fragrances
10.7. Sensient Technologies
10.8. Lycored Corp.
10.9. Koehler Innovative Solutions
10.10. Balchem Corporation
10.12. Arcade Beauty
11. Conclusion and Recommendations
12.2. Related Reports