2022 Value of Microencapsulation Market at $10Bn+ Forecasts a New Global Research Report
The microencapsulation market is projected to reach $10.76 billion by 2022,at a CAGR of 11.4% from 2017 to 2022 driven by the increase in R&D activities for process efficiency to enhance market penetration and greater consumer demand for functional products.
Pune, India – September 8, 2017 /MarketersMedia/ —
China contributed to the highest market share in the Asia Pacific region in 2016. The North American region dominated the microencapsulation market in 2016, whereas the Asia Pacific region is projected to grow at the highest CAGR during the forecast period. The increase in R&D activities by the government in Japan as well as private organizations in the rest of the region indicates a high demand for microencapsulation in Asia Pacific. The increase in the number of industrial developments in countries such as India and China is also a contributing factor for the growth of the Asia Pacific market.
Browse 83 Market Data Tables and 37 Figures spread through 176 Pages and in-depth TOC on “Microencapsulation Market by Technology (Spray, Emulsion, Dripping), Core Material (Pharmaceutical & Healthcare Drugs, Food Additives), Application (Pharmaceuticals, Food & Beverages), Shell material, and Region – Global Forecast to 2022”
“Pharmaceutical &healthcare products segment dominated the market in 2016”
The pharmaceutical &healthcare products segment accounted for the largest market share among the different applications for microencapsulation, in 2016. Microencapsulation is widely used for targeted delivery in the pharmaceuticals sector. The market for microencapsulation in pharmaceutical & healthcare products application is driven by its cost effectiveness and its role in providing the desired function.
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The development of microencapsulated materials is at times 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 the product and ultimately leads to an increase in the product cost, which restrains the market growth. Expansions & investments, acquisitions, new product & technology launches, agreements, collaborations, joint ventures, and partnerships are the key strategies adopted by market players to ensure their growth in the market.
“Emulsion technologies segment led the market in 2016”
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Emulsion technologies include in situ polymerization, coacervation, and sol-gel encapsulation of which in situ polymerization is the widely used method. In situ polymerization is carried out in oil-in-water types of emulsions. The microcapsules formed by the in situ polymerization are smooth and spherical in shape.
“Pharmaceutical & healthcare drugs core material segment dominated the market in 2016”
Microencapsulation technology is a cost-effective option for increasing the bioavailability of drugs when compared to other technologies. Slow release of drug/extended release/controlled release is an important factor driving the market for drug microencapsulation. Various nutritional elements such as vitamins, minerals, enzymes, lipase, lactase, prebiotics, and probiotics are microencapsulated to achieve the potential benefits and improve efficiency which cannot be achieved by conventional practices.
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“Polymers shell material segment dominated the market in 2016”
Polymers of natural and synthetic origin are used as shell materials in microencapsulation. Polymers can be either permeable, semi-permeable, or impermeable. Permeable shells are mainly used for controlled release applications.
The figure below shows the breakdown of the primaries on the basis of company, designation, and region, conducted during the research study.
By Company Type: Tier 1 – 38%, Tier 2 – 42%, and Tier 3 – 20%
By Designation: C level – 45%, and D level – 55%
By Region: North America – 10%, Europe – 70%, Asia Pacific – 15%, RoW – 5%
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Major players such as BASF SE (Germany), Syngenta Crop Protection AG (Switzerland), Royal Friesland Campina N.V. (Netherlands), Koninklijke DSM N.V. (Netherlands), Givaudan SA (Switzerland), and Firmenich SA (Switzerland) collectively accounted for a majority of share of the global microencapsulation market. Other players in the market include Symrise AG (Germany), International Flavors & Fragrances Inc. (US), Lycored Corp. (UK), Sensient Technologies Corporation (US), Koehler Innovative Solutions (Germany), and Balchem Corporation (US).
Research Coverage:
The report focuses on microencapsulation products for different materials and regions. It aims at estimating the market size and future growth potential of this market across different segments—application, technology, core material, shell material, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, competitive leadership mapping, recent developments, and key market strategies.
Reasons to buy this report:
To get a comprehensive overview of the global microencapsulation market
To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
To gain insights of the major countries/regions in which the microencapsulation market is thriving.
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