Global Microencapsulation Market is valued at USD 9.99 Billion in 2021 and is expected to reach USD 20.02 Billion by 2028 with a CAGR of 10.45% over the forecast period.
Global Microencapsulation Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- Growing demand for pharmaceutical and agrochemical products, increasing applications of microencapsulated products across various industries and rising R&D investment for improving process efficiency are the major factors driving the market growth.
A new technology that has been used as a process in which active substances are coated by extremely small capsules is known as microencapsulation. It has been used in the cosmetic industry, pharmaceutical, agrochemical, and food industries. Compared with the pharmaceutical, textile, and cosmetic industries, food processing has higher requirements for safety and hygiene and calls for quality and nutrition maintenance. The concept of microencapsulation has come into focus in the 1930s when carbonless copy paper became the first commercial product to emerge as a result of microencapsulation technology.
The Covid-19 outbreak has positively impacted the microencapsulation market as the demand for nutraceutical and dietary supplement products have increased in this pandemic owing to the health benefits and immunity-boosting power. Consequently, there is an increased surge in the demand for microencapsulated dietary supplements among consumers, as it provides strong immune function and decreases the health threat possibility.
|2018 - 2021
|2022 - 2028
|Market Size in 2020:
|USD 9.99 Billion
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2028:
|USD 20.02 Billion
|Tables, Charts & Figures:
|Reed Pacific Pty Limited, Encapsys LLC, Symrise AG, MikroCaps d.o.o, International Flavors & Fragrances, Inc., Firmenich Incorporated, Evonik Industries AG, Sensient Technologies, Givaudan S.A., Ingredion Incorporated, Koninklijke DSM N.V., Micropore Technologies Limited, Koehler Innovative Solutions, Others.
|By Coating Material, By Technology, By Application
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
Global Microencapsulation Market is segmented into coating material, technology, application, and region. On the basis of coating material, the market is segmented into carbohydrates, gums & resins, lipids, polymers and proteins. On the basis of technology, the market is segmented into coating, emulsion, spray technologies, dripping and others. On the basis of application, the market is segmented into pharmaceutical & health care products, home & personal care, food & beverages, agrochemicals, construction, textile and others.
Some of the key players for global Microencapsulation market are
On December 21st, 2021; Blue California which is the producer of natural science-based ingredients, created the FineCap platform to serve customers’ growing demands for better performance of API, functional ingredients, dietary supplements, flavors, fragrances, cosmetics, and personal care products. It is equipped with 20 microencapsulation technologies.
On November 27th, 2019; TANATEX Chemicals company introduced bio-based & biodegradable micro-encapsulating technology in their TANACARE Bio range. The product TANACARE was a Bio-Slim which was the first in this brand-new range of Cosmeto Finishes for delivering improved skin conditions and proven slimming effect.
As microencapsulation is highly used in the pharmaceutical industry owing to its qualities such as increase stability, mask the bitter taste, improve the release properties of drugs, and provide specific drug delivery in pharmaceutical industries. Also, this microencapsulation has become one of the most widely investigated fields in the pharmaceutical arena. In addition, Microencapsulation has gained importance in the field of cell and tissue engineering, as well as in the development of drug formulations and oral delivery systems. Thus, there are a number of companies investing in this technology. For example; On July 11th, 2018; AnaBio microencapsulation technology announced that it offered the new potential for creatine in liquid formats.
Also, increasing demand for functional and fortified food is also supplementing the demand for microencapsulation technology, consequently driving the growth of the market. This is because this microencapsulation provides integration of vitamins, minerals, flavors, essential oils, and other additives in food products to enhance the functional properties of products. In addition to this, the main factor is Covid 19. During the pandemic, consumers are increasingly demanding immunity-boosting products.
However, microencapsulation technology requires high production cost as it is associated with the extensive research and core materials for operation which may limit the growth of the market. In spite of that, new technological advancements with significant R&D activities may provide new opportunities for the further growth of the market.
Geographically, North America is expected to dominate the global microencapsulation market due to the growing demand and increasing awareness about value-added products for various areas such as nutrition, food, healthcare, and personal care. Due to this, increased demand and awareness, a number of companies are focusing on manufacturing functional products with novel technologies such as microencapsulation. This Microencapsulation is a technique that has been widely used in the pharmaceutical industries to increase stability, mask a bitter taste, improve the release properties of drugs, and provide specific drug delivery in pharmaceutical industries. Thus, a number of North American pharmaceutical companies are announcing their breakthrough in this technique. Also, increasing innovation in the personal care & cosmetics industries, and strong growth in the pharmaceutical industry are the major factors driving the market growth in this region.
Europe is likely to be the fastest-growing region in the global microencapsulation market due to the demand from the food & beverages industry. Other factors accountable for the product growth in Europe are technological advancements, emerging economies, and rapid industrialization in the region. In addition, with the development in the healthcare and pharmaceutical industry, a number of companies are focusing on their new startups with microencapsulation technology which has made a positive impact on the market. For example; On June 3rd, 2021; Calyxia company announced that it developed a unique process to produce the first perfectly-sealed, process-resistant, and customizable microcapsules. This microencapsulation technology has been successfully validated with many large players in high-performance electronics materials, plastics, and adhesives & coatings to provide new features to their materials or improve the performance of their current materials.
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