[231 Pages Report] The microcapsule market is projected to grow from USD 8.7 billion in 2020 to USD 13.9 billion by 2025, at a CAGR of 9.8% from 2020 to 2025. The major reasons for the growth of the microcapsule market include increasing demand from the food industry, high demand from the pharmaceutical industry, rising demand from the agrochemical sector, increased R&D activities for process efficiency to enhance market penetration, and widespread applications of microcapsules.
The research methodology used to estimate and forecast the market size included the top-down approach. The total size of the fiber cement market was calculated, and accordingly, a percentage was allotted to different sectors in each of the segments. This allotment and calculation was done on the basis of extensive primary interviews and secondary research. Primary research involved in this report includes extensive interviews with key people such as CEOs, VPs, directors, and executives. After arriving at the overall market size, the total market was split into several segments and subsegments. These data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary respondents is depicted in the figure below.
By shell material, the melamine segment is projected to grow with the highest CAGR during the forecast period
By shell material, the melamine segment is projected to grow with the highest CAGR during the forecast period. The growth of the melamine segment is attributed to the increasing demand for formaldehyde-free melamine in personal care products. Additionally, melamine shell materials offer excellent retention capacity for volatile molecules and tunable mechanical properties that make these melamine capsules highly suitable as a formaldehyde-free alternative to conventional aminoplast microcapsules. These factors are driving the growth of this segment.
By core material, the pharmaceutical & healthcare drugs segment to lead the microcapsule market during the forecast period
By core material, the pharmaceutical & healthcare drugs segment led the microcapsule market in 2019 and is expected to witness significant growth during the forecast period. This growth is mainly attributed to the increasing demand for the masking of oral drug flavors to drive the growth of the pharmaceutical & healthcare drugs segment. Also, Intensive marketing by key players and increased applications of nutritional elements in functional and fortified foods drive the demand for pharmaceutical & healthcare drugs.
By end-use industry, the pharmaceutical & healthcare segment to lead the microcapsule market during the forecast period
By end-use industry, the pharmaceutical & healthcare segment accounted for the largest share of the microcapsule market in 2019. This growth is mainly attributed to properties like controlled release of drugs, timely delivery of functional ingredients, and taste masking. These factors are driving the growth of this segment.
By technology, the dripping technologies segment is projected to lead the microcapsule market forecast period.
By technology, the dripping technologies segment is projected to grow with the highest CAGR during the forecast period. Dripping technologies include droplet extrusion through spinning disks, jet breakage systems, and coextrusion. These technologies are applied for liquid, solid, hydrophilic, and lipophilic materials. The major advantages of dripping technologies are biocompatibility and low particle size distribution, which is expected to drive the growth for dripping technologies. Also, growing demand for microencapsulated active ingredients in pharmaceutical industry to drive market growth for dripping technologies.
North America to lead the microcapsule market during the forecast period in terms of value.
The North American region is projected to lead the microcapsule market from 2020 to 2025 in terms of value. The microcapsule market in North America is majorly driven by the growing demand and consumer awareness about value-added products in various areas, such as nutrition, food, healthcare, and personal care.
Key Market Players
BASF SE (Germany), International Flavors & Fragrances (US), Koninklijke DSM N.V. (Netherlands), Symrise AG (Germany), Givaudan S.A. (Switzerland), Sensient Technologies Corporation (US), Royal FrieslandCampina N.V. (Netherlands), Syngenta Crop Protection AG (Switzerland), Lycored Corp. (Israel), Koehler Innovative Solutions (Germany), Balchem Corporation (US), Capsul� SAS (France), TasteTech Ltd. (UK), MicroCapsules Technologies (MCT) (France), INSILICO Co. Ltd. (South Korea), Matsumoto Yushi Seiyaku Co., Ltd. (Japan), Encapsys (US), Arcade Beauty (US), Reed Pacific (Australia), Firmenich SA (Switzerland), Ronald T. Dodge Company (US), Microtek Laboratories, Inc. (US), AVEKA, Inc. (US), INNOBIO (China), GAT Microencapsulation GmbH (Austria), BRACE GmbH (Germany), and Tagra Biotechnologies Ltd. (Israel) are among the leading players operating in the microcapsule market. These players have adopted the strategies of expansions, acquisitions, new product launches, partnerships, investments, joint ventures, mergers, collaborations, agreements, and divestments to enhance their position in the market.
Report Metric |
Details |
Market size available for years |
2018-2025 |
Base year considered |
2019 |
Forecast period |
2020�2025 |
Forecast units |
Value (USD Million and USD Billion) |
Segments covered |
Shell Material, Core Material, End-use Industry, Technology, and Region |
Geographies covered |
Asia Pacific, North America, Europe, Middle East & Africa, and South America |
Companies covered |
BASF SE (Germany), International Flavors & Fragrances (US), Koninklijke DSM N.V. (Netherlands), Symrise AG (Germany), Givaudan S.A. (Switzerland), Sensient Technologies Corporation (US), Royal FrieslandCampina N.V. (Netherlands), Syngenta Crop Protection AG (Switzerland), Lycored Corp. (Israel), and Koehler Innovative Solutions (Germany), among others. A total of 20 major players covered. |
This research report categorizes the microcapsule market based on shell material, core material, end-use industry, technology, and region.
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1 Introduction
1.1 Objectives of The Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covere
1.3.2 Years Considered for The Study
1.4 Currency
1.5 Limitations
1.6 Stake Holders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions and Limitations
3 Executive Summary
4 Premium Insights
5 Market Overview
5.1 Introduction
5.2 Future Trends
5.2.1 Food Industry
5.2.2 Textile Industry
5.2.3 Pharmaceutical Industry
5.3 Market Dynamics
5.3.1 Drivers
5.3.2 Restraints
5.3.3 Opportunities
5.3.4 Threats
5.4 Industry Trends
5.4.1 Introduction
5.5 Value Chain Analysis
5 6 Porter’s Five Forces Analysis
5.6.1 Threat of New Entrants
5.6.2 Threat of Substitutes
5.6.3 Bargaining Power of Suppliers
5.6.4 Bargaining Power of Buyers
5.6.5 Intensity of Rivalry
6 Regulatory Framework Governing The Microencapsulation Market
6.1 Codex Alimentarius Commission (CAC)
6.1.1 Joint Expert Committee Food and Agriculture (JECFA)
6.2 FDA
6.3 European Commission
6.4 Country-Wise Regulatory Authorities for Microencapsulation in Food
6.4.1 North America
6.4.1.1 US
6.4.1.2 Canada
6.4.2 Europe
6.4.3 Asia Pacific
6.4.3.1 Japan
6.4.3.2 India
6.4.3.3 China
6.4.4 Rest of The World
6.4.4.1 Brazil
6.4.4.2 Australia & New Zealand
7 Impact of Covid-19 On Microcapsule Market
7.1 Introduction
7.1.1 Covid-19
7.1.2 Confirmed Cases and Deaths by Geography
7.2 Covid-19 Impact Microcapsule Ecosystem
7.2.1 Impact On Value Chain
7.2.1.1 Raw Materials/Suppliers
7.2.1.2 Regulators
7.2.1.3 Processors/Manufacturers
7.3 Impact of Covid On Microcapsule Manufacturers
7.4 Short Term Strategies of Microcapsule Companies and Covid-19 Impact
7.4.1 Introduction
7.4.2 Winning Strategies to Gain Market Share
7.4.2.1 Short-Term Strategies
7.4.2.2 Mid-Term Strategies
7.4.2.3 Long-Term Strategies
8 Microcapsule Market, by Shell Material
8.1 Introduction
8.2 Melamine
8.3 Non-Melamine
8.3.1 Gums & Resins
8.3.2 Polyurea
8.3.3 Pmma (Polymethyl Methacrylate)
8.3.4 Melamine Formaldehyde
8.3.5 Polystyrene
8.3.6 Carbohydrates
8.3.7 Protein
8.3.8 Others
9 Microcapsule Market, by Technology
9.1 Introduction
9.2 Spray Technologies
9.2.1 Spray Drying
9.2.2 Spray Chilling
9.3 Emulsion Technologies
9.3.1 In-Situ Polymerization
9.3.2 Coacervation
9.3.3 Sol-Gel Encapsulation
9.4 Driping Technologies
9.4.1 Spinning Disk/Rotaional Suspension Seperation
9.4.2 Centrifugal Extrusion
9.4.1 Introduction
9.4.2 Winning Strategies to Gain Market Share
9.5 Other Technologies
10 Microcapsule Market, by End Use Industry
10.1 Introduction
10.2 Pharmaceutical & Healthcare
A. Specific Drug Delivery
B.Control Release
C.Taste Masking
10.3 Food & Beverage
A. Probiotics
B. Antioxidants
C. Vitamins
D. Dietary Fibers
E. Food Preservatives
F. Food Colorants
G. Food Flavors
10.4 Household & Personal Care
A. Essential Oils
B. Polyphenolic Compounds
C. Fragrances & Perfumes
10.5 Textile
A. Thermochromic Materials
B. Fragrance Finishing
C. Fire Retardants
D. Water Proofing
E. Softeners & Antistatic
F. Detergent Additives
G. Fragrances & Perfumes
10.6 Agrochemical
A. Fungicides & Insecticides
B. Herbicides
C. Pigments & Fillers
D. Artificial Insemination
10.7 Others (Chemical, Waste Treatment, Construction and Printing)
11 Microcapsule Market, by Core Material
11.1 Introduction
11.2 Agricultural Inputs
11.3 Food Additives
11.4 Pharmaceutical & Healthcare Drugs
11.5 Fragrances
11.6 Phase Change Materials
11.7 Others
12 Microcapsule Market, by Region
12.1 Introduction
12.2 Asia Pacific
12.2.1 China
12.2.2 Japan
12.2.3 India
12.2.4 South Korea
12.2.5 Indonesia
12.2.5 Malaysia
12.2.6 Rest of The Asia Pacific
12.3 Europe
12.3.1 Germany
12.3.2 Italy
12.3.3 France
12.3.4 UK
12.3.4 Spain
12.3.5 Rest of Europe
12.4 North America
12.4.1 U.S.
12.4.2 Canada
12.4.3 Mexico
12.5 Middle East and Africa
12.5.1 Saudi Arabia
12.5.2 South Africa
12.5.3 Rest of Middle East & Africa
12.6 South America
12.6.1 Brazil
12.6.1 Argentina
12.6.1 Rest of South America
13 Competitive Landscape
13.1 Overview
13.2.1 Key Players in Market
13.2.2 Dive Matrix
13.3 Competitive Situation & Trends
13.4 Expansions & Investments
13.5 Agreements, Collaborations, Joint Venture & Partnerships
13.6 New Product Development & Launches
13.7 Mergers & Acquisitions
14 Company Profiles
14.1 Introduction
14.2 Arcade Beauty
14.3 Balchem Corporation
14.4 BASF
14.5 Brace Gmbh
14.6 Capsulae
14.7 DSM
14.8 Encapsys
14.9 Encapsys LLC
14.1 Firmenich
14.11 Givaudan
14.12 Insilico
14.13 International Flavors & Fragrances
14.14 Koehler Innovative Solutions
14.15 KoninklijkeDsm
14.16 Lycored Corp.
14.17 Matsumoto Yushi-Seiyaku Co., Ltd.
14.18 Micro Caps Technology
14.19 Microtek Laboratories Inc.
14.2 Reed Pacific
14.21 Ronald T. Dodge Company
14.22 Royal Friesland Campina
14.23 Sensient Technologies
14.24 Symrise
14.25 Syngenta Crop Protection
14.26 Tastetech Encapsulation Solutions
15 Appendix
15.1 Developments
15.2 Insights from Industry Experts
15.3 Discussion Guide
15.5 Available Customizations
15.6 Related Reports
List of Tables
Table1 Microcapsule Market Size, By Region, 2018–2025 (USD Billion)
Table2 Microcapsule Market Size, By Technology, 2018–2025 (USD Billion)
Table3 Asia Pacific Microcapsule Market Size, By Application, 2018–2025 (USD Billion)
Table4 Europe: Microcapsule Market, By Shell Material, 2018–2025 (USD Billion)
The study involved four major activities in estimating the current size of the microcapsule market. Exhaustive secondary research was done to collect information on the microcapsule market, its peer markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across the microcapsule value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments of the microcapsule market.
As a part of the secondary research process, various secondary sources, such as Hoovers, Bloomberg, BusinessWeek, and Dun & Bradstreet, were referred for identifying and collecting information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, and articles by recognized authors, authenticated directories, and databases.
Secondary research was mainly conducted to obtain key information about the supply chain of the industry, the monetary chain of the market, total pool of players, and market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments undertaken from both the market and technology oriented perspectives.
The microcapsule market comprises several stakeholders, such as raw material suppliers, manufacturers, distributors, microencapsulation service providers, end-product manufacturers, and regulatory organizations in the supply chain.
As part of the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report on the microcapsule market. Primary sources from the supply side included industry experts such as Chief Executive Officers (CEOs), vice presidents, marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the microcapsule market. Primary sources from the demand side included directors, marketing heads, and purchase managers from various end-use industries. Following is the breakdown of the primary respondents.
Both top-down and bottom-up approaches were used to estimate and validate the total size of the microcapsule market. These methods were also used extensively to estimate the size of various segments and subsegments of the market. The research methodology used to estimate the market size includes the following:
After arriving at the overall market size�using the market size estimation processes as explained above�the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides. In addition to this, the market size was validated using both top-down and bottom-up approaches.
With the given market data, MarketsandMarkets offers customizations according to the specific needs of companies. The following customization options are available for the report:
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