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The global Microencapsulation market will grow at a CAGR of 10.0% from 2017 to 2022 to reach USD 9,241.1 million by 2022, according to the latest publication from Meticulous Research®. The global microencapsulation market is primarily driven by the growing demand from the functional food industry, pharmaceutical industry for controlled release & targeted release of active compounds (sustained or delayed release), and agrochemical sector. In addition, reduction in capsule size and increasing bioavailability, growing need of multicomponent delivery systems, and emerging economies such as Asia, Latin America, and the Middle East & Africa region further provides significant opportunities for the various stakeholders in this market. However, factors such as high cost of microencapsulation process, and increasing demand for nano-encapsulation technology, especially in the pharmaceutical application are expected to hinder the growth of this market to some extent.
On the basis of application, the market is divided into pharmaceutical, food and feed, home and personal care, industrial and chemical, agriculture, and others. The pharmaceutical application segment held the largest share in the global microencapsulation market in 2016, owing to the growing use of microencapsulation in the industry for protection of drug from the environment, stabilization of sensitive drug substances, elimination of incompatibilities, or masking of unpleasant taste, conversion of liquid drugs in a free-flowing powder, and prevention of vaporization of many volatile drugs.
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Geographically, the global microencapsulation market is mainly divided into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America accounted for the major share of the global microencapsulation market in 2016, followed by Europe and Asia-Pacific region. The major share of the North American region is mainly attributed to the presence of a large number of microencapsulation technology providers, and well established functional food, pharmaceutical, and agrochemical sectors. However, Asia Pacific market slated to register the fastest growth during the forecast period, primarily due to its growing economy & industrialization, and booming pharmaceutical, food, and agriculture industries.
The leading companies have employed various strategies to expand their product and application offerings, global footprint, and augment their market shares. The key strategies followed by most companies in the global microencapsulation market were mergers & acquisitions, new product launches, and partnership and expansions. The key players in the global microencapsulation market are Encapsys, LLC, Reed Pacific Pty Limited, Ronald T Dodge Company, GAT Microencapsulation GmbH, Capsulae, Microtek Laboratories, Inc., Balchem Corporation, Lycored, AVEKA, Inc., TasteTech Ltd, INNOBIO CORPORATION LIMITED, FrieslandCampina Kievit, Symrise AG, Koehler Innovative Solutions, Givaudan SA, and International Flavors & Fragrances Inc.
Key questions answered in the report-
- Which are the high growth market segments in terms of coating material, technology, application, and regions/countries?
- What is the historical market for microencapsulation across the globe?
- What are the market forecasts and estimates from the period 2015-2022?
- What are the major drivers, challenges, opportunities and trends in the global microencapsulation market?
- Who are the major players in the global microencapsulation market and what share of the market do they hold?
- Who are the major players in various countries and what share of the market do they hold?
- What are the competitive landscapes and who are the market leaders by sub-region in the global microencapsulation market?
- What are the recent developments in the global microencapsulation market?
- What are the different strategies adopted by the major players in the global microencapsulation market?
- What are the geographical trends and high growth regions/ countries?
- Who are the local emerging players in the global microencapsulation market and how do they compete with the global players?
About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicated market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Meticulous Research® produces global reports and custom studies for North America, Europe, Latin America, Asia-Pacific, and the Middle East and Africa regions. These reports are used by our clients for marketing and strategic planning in various sectors.
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