Microencapsulation Market, By Technology (Spray, Emulsion, and Dripping), By Core Material (Pharma & Healthcare Drugs, PCM, Food Additives, and Fragrances), By Application (Pharma, Household, Agrochemicals, and Textiles), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis, and Forecast till 2029

Microencapsulation is a process in which tiny particles or droplets are surrounded by a coating to give small capsules, with useful properties. In general, it is used to incorporate food ingredients, enzymes, cells or other materials on a micro metric scale. It can also be used to enclose solids, liquids, or gases inside a micrometric wall made of hard or soft soluble film, in order to reduce dosing frequency and prevent the degradation of pharmaceuticals. Microencapsulation has many benefits such as flavour and odour masking, protection from moisture, acids, ingredient interactions, heat, and exposure to oxygen, also the stability afforded by encapsulated ingredients allows measuring and delivery of precise levels of the desired nutrient. Moreover, the nutrient can be protected from processing losses, but can be released when desired. The global microencapsulation market accounted for US$ 9.4 billion in 2020 and is estimated to be US$ 25.7 billion by 2029 and is anticipated to register a CAGR of 11.9%.

COVID-19 Impact on the Market:

With the outbreak of the COVID-19, various businesses are at the forefront to combat this pandemic. The pandemic has hindered the industrial supply chain and also disrupted the production segment. However, the microencapsulation market includes major Tier I and II suppliers like Cargill, BASF, DSM, Ingredion Incorporation and are spread across the globe. Therefore, there has not been much difficulty in the supplies. This report will quantify the impact of this pandemic on the microencapsulation market.

Increase in demand for fortified food products with health benefits

With the growth in demand for functional and fortified food & pharmaceutical products, the demand for microencapsulation is increasing. Microencapsulation provides integration of minerals, vitamins, flavors, essential oils, and other additives in food products to enhance the functional properties of products. The pharmaceutical sector is also greatly influenced by microencapsulation technologies due to the benefits achieved by the manufacturers. Along with the encapsulation of drugs, other active ingredients such as peptides, proteins, and DNA/RNA molecules are also encapsulated in the pharmaceutical sector to meet the market demand for value-added products. These benefits of encapsulation drive the global microencapsulation market. 

Restraint:

 Competition for basic raw material

With the growing market and the increasing demand there is constant demand for the improvement. The development of microencapsulated material is sometimes customized, and at times is required to be carried out at an industrial scale instead of a pilot scale. This increases the processing cost of products and ultimately leads to an increase in their cost. Thus, restraining the global microencapsulation market.

The global microencapsulation market is segmented based on the technology, core material, application and region.

Depending upon the technology, the global business is categorized into the spray, emulsion, and dripping. In terms of core material, the worldwide industry is categorized into pharma & healthcare drugs, PCM, food additives, and fragrances. Based on the application, the target market is segmented into pharma, household, agrochemicals, and textiles.

Regional Insights:

Regionally, the overall industry is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market for microencapsulation in the North American region is dominating the market 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.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029.  For the purpose of this study, has segmented the global microencapsulation market report based on the technology, core material, application and region.

Global Microencapsulation Market, By Technology:

• Spray
• Emulsion
• Dripping

Global Microencapsulation Market, By Core Material:

• Pharma & Healthcare Drugs
• PCM
• Food Additives
• Fragrances

 Global Microencapsulation Market, By Application:

• Pharma
• Household
• Agrochemicals
• Textiles

Global Microencapsulation Market, By Region:

• • • North America
      • • U.S.
        • Canada
    • Europe
      • • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

The key players operating in the global microencapsulation market include BASF, Royal FrieslandCampina, Syngenta Crop Protection, Koninklijke DSM, Givaudan, Firmenich, Symrise, International Flavors & Fragrances, Sensient Technologies, Lycored Corp. Companies are increasing their investments in R&D to expand its product portfolio and market presence. For instance, in August 2018, BASF's (Germany) animal nutrition division launched Lucantin NXT product line in the European Union that would gradually be marketed in other countries. The carotenoid formulation would meet the latest regulation that requires ethoxyquin (EQ) to be withdrawn as a stabilizer. Further, in October 2018, Koninklijke DSM (Netherlands) opened its second animal nutrition & health premix plant in Jadcherla, India. With this expansion, the company expanded its geographical reach as well as increased its production capacity to cater to the growing demands in the region.

• • BASF
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • Royal FrieslandCampina
  • Syngenta Crop Protection
  • Koninklijke DSM
  • Givaudan
  • Firmenich
  • Symrise
  • International Flavors & Fragrances
  • Sensient Technologies
  • Lycored Corp

 “*” marked represents similar segmentation in other categories in the respective section