Microcapsule Market

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Microcapsule Market by Technology (Spray, Emulsion, Dripping), End-use Industry (Pharmaceutical & Healthcare, Food & Beverage, Household & Personal Care, Textile, Agrochemical, Others), Shell Material, Core Material, and Region - Global Forecast to 2025

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Report Code: CH 7692 Jun, 2020, by marketsandmarkets.com

[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.

Microcapsule Market

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.

Microcapsule Market

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.

Microcapsule Market

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.

Scope of the Report:

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.

Based on Shell Material, the microcapsule market has been segmented as follows:

Melamine
Non-melamine
- Melamine Formaldehyde
- Carbohydrates
- Gums & Resins
- Lipids
- Proteins
- Other Polymers (Polyvinyl Alcohol (PVA), Polyethylene Glycol (PEG), Poly Lactic-co-glycolic Acid (PLGA), Polymethyl Methacrylate (PMMA), Isocyanates, Polyurea, Polyamides, Polyurethane, Phenol-formaldehyde, and Biodegradable Polymers)

Based on Core Material, the microcapsule market has been segmented as follows:

Pharmaceutical & Healthcare Drugs
Food Additives
Fragrances
Agricultural Inputs
Phase Change Materials
Others
- Construction Chemicals
- Household & Personal Care Products
- Energy Molecules
- Inks

Based on End-use Industry, the microcapsule market has been segmented as follows:

Pharmaceutical & Healthcare
Food & Beverage
Household & Personal Care
Agrochemical
Textile
Others
- Chemical
- Waste Treatment
- Packaging
- Construction
- Paper
- Printing

Based on Technology, the microcapsule market has been segmented as follows:

Spray Technologies
Emulsion Technologies
Dripping Technologies
Others
- Coating
- Physico-chemical
- Chemical Technologies

Based on Region, the microcapsule market has been segmented as follows:

Asia Pacific
North America
Europe
Middle East & Africa
South America

Recent Developments

In May 2018, Givaudan S.A. announced the acquisition of the Nutrition Division of Centroflora Group (Brazil), a manufacturer of botanical extracts and dehydrated fruits for the food & beverage industry.
In January 2018, International Flavors & Fragrances started the construction of its flavors and fragrances plant in Sri City, Andhra Pradesh, India, as India is a priority market for the company. This plant would commercialize by December 2019 and is anticipated to be India�s largest flavor and fragrance manufacturing plant.

Key Questions addressed by the report

How will developments undertaken by various companies affect the microcapsule market in the mid- to long-term?
What is the impact of changes in government policies on the microcapsule market?
What is the estimated size of the microcapsule market in 2020?
What is the largest regional market for microcapsule?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

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.

Secondary Research

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.

Primary Research

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.

Fiber Cement Market

Market Size Estimation

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:

The key players in the industry and markets were identified through extensive secondary research.
The industry�s supply chain and market size, in terms of value and volume, were determined through primary and secondary research processes.
All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

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.

Report Objectives

MARKET INTELLIGENCE

To determine and project the size of the microcapsule market with respect to shell material, core material, technology, end-use industry, and region from 2020 to 2025
To identify opportunities in the market by determining the largest and fastest-growing segments across key regions
To project the size of the market segments, in terms of value, with respect to five regions: Asia Pacific, North America, Europe, the Middle East & Africa, and South America
To provide detailed information regarding the crucial factors influencing the growth of the market (drivers, opportunities, and challenges)
To analyze competitive developments, such as expansions, acquisitions, new product launches, investments, partnerships, agreements, joint ventures, and mergers, collaborations, and divestments in the microcapsule market
To analyze demand-side factors based on the following:
- Impact of macro- and micro-economic factors on the market
- Shift in demand patterns across different subsegments and regions

COMPETITIVE INTELLIGENCE

To identify and profile key players in the microcapsule market
To determine the market share of key players operating in the microcapsule market
To provide a comparative analysis of market leaders based on the following:
- Product offerings
- Business strategies
- Strengths and weaknesses
- Key financials
To understand the competitive landscape and identify the major growth strategies adopted by market players across key regions

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific needs of companies. The following customization options are available for the report: