MarketsandMarketsPresents Microencapsulation Market is expected to reach 10.76 Billion USD by 2022
The 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", The microencapsulation market, in terms of value, is projected to reach USD 10.76 Billion by 2022 from USD 5.71 Billion in 2016, at a CAGR of 11.4% from 2017 to 2022. Browse: 83 Market Data Tables 37 Figures 176 Pages and in-depth TOC on “Microencapsulation Market” You can speak to our analyst @ http://www.marketsandmarkets.com/speaktoanalyst.asp?id=83597438
The global market for microencapsulation has grown exponentially in the last few years. The market size is projected to reach USD 10.76 Billion by 2022, growing at a CAGR of around 11.4% from 2017 to 2022. Emerging markets such as India, China, Japan, Brazil, and Argentina are the primary targets of the industry. Factors such as the growing awareness and demand for fortified food products, increasing demand from the pharmaceutical industry for various applications, and the emergence of new technologies are the major factors driving this market. Moreover, achieving enhanced product functionality by microencapsulation helped to drive the microencapsulation industry. 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. The market is dominated by players such as BASF SE (Germany), Syngenta Crop Protection AG (Switzerland), Royal FrieslandCampina N.V. (Netherlands), Koninklijke DSM N.V. (Netherlands), Givaudan SA (Switzerland), Firmenich SA (Switzerland), and Symrise AG (Germany). Other major players in the market include International Flavors & Fragrances Inc. (US), Lycored Corp. (UK), Sensient Technologies Corporation (US), Koehler Innovative Solutions (Germany), Balchem Corporation (US), and Synthite Industries Ltd. (India).
Scope of the report This research report categorizes the microencapsulation market based on application, technology, core material, shell material, and region. Based on Application, the market has been segmented as follows: • Pharmaceutical & healthcare products • Food & beverages • Household & personal care products • Agrochemicals • Construction materials • Textiles • Others (energy, defense, and paper & printing) Based on Technology, the market has been segmented as follows: • Spray technologies • Emulsion technologies • Dripping • Others (coating, physico-chemical, and chemical technologies)
Based on Core Material, the market has been segmented as follows: • Pharmaceutical & healthcare drugs • Food additives • Fragrances • Agricultural inputs • Phase change materials • Others (construction chemicals, inks, energy molecules, and household & personal care products) Based on Shell Material, the market has been segmented as follows: • Polymers • Gums & resins • Lipids • Carbohydrates • Proteins Based on Region, the market has been segmented as follows: • North America • Europe • Asia Pacific • RoW (South America and the Middle East & Africa)
Target Audience: • R&D institutes • Technology providers • Microencapsulation product providers • Intermediary suppliers • Wholesalers • Shell and core material suppliers • Regulatory bodies • Dealers • Consumers • End users (food & beverage, pharmaceutical, agrochemical, textile, and personal care products manufacturers) • Retailers
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