Market Research Report
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
|Published by||MarketsandMarkets||Product code||554038|
|Published||Content info||178 Pages
|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|
|Published: September 5, 2017||Content info: 178 Pages||
The microencapsulation market is projected to reach USD 10.76 billion by 2022, at a CAGR of 11.4% from 2017 to 2022. The market is driven by factors such as an increase in R&D activities for process efficiency to enhance market penetration and greater consumer demand for functional products. Factors such as increasing microencapsulation cost with the adoption of advanced technologies are restraining the market.
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.
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.
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.
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 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.
The figure below shows the breakdown of the primaries on the basis of company, designation, and region, conducted during the research study.
Major players such as BASF SE (Germany), Syngenta Crop Protection AG (Switzerland), Royal FrieslandCampina 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).
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.
*Details on Business Overview, Products offered, services Offered, business strategy excellence, Recent Developments might not be captured in case of unlisted companies.