Microencapsulation Market

Microencapsulation Market by Technology (Spray, Emulsion, Dripping), Core Material (Pharma & Healthcare Drugs, PCM, Food Additives, Fragrances), Application (Pharma, Household, Agrochemicals, Textiles), Shell Material, and Region - Global Forecast to 2023

[202 Pages Report] The global microencapsulation market is estimated to be valued at USD 6.3 billion in 2018 and is projected to reach USD 11.8 billion by 2023, at a CAGR of 11.4% from 2018 to 2023. The increasing applications of microencapsulated products across various industries, the growing demand for pharmaceutical and agrochemical products, and the increasing demand for functional food products are some of the factors driving the growth of the microencapsulation market.

Microencapsulation Market

By application, the pharmaceuticals and healthcare products segment is projected to account for the largest share in the microencapsulation market

Microencapsulation is widely used in the healthcare and pharmaceutical sector for controlled drug delivery. Microencapsulation technologies are extensively used by pharmaceutical companies to mask the bitter taste or smell in drugs and to provide targeted delivery and controlled delivery. The demand for microencapsulated biomolecules is increasing in the pharmaceutical industry due to functions such as targeted action. Thus, the development of drugs based on these biomolecules is expected to boost the demand for microencapsulation for effective and targeted delivery of the active ingredients.

By technology, the spray technologies segment accounted for the largest market size in the microencapsulation market during the forecast period

The spray technologies segment holds the largest market share in the microencapsulation market. This due to the benefits offered by the microencapsulation process, which includes high production capacity, high recovery efficiency, the simplicity of the process, cost efficiency, and process safety. Spray technologies are widely used in the large scale manufacturing of food and pharmaceutical grade microencapsulation.

By core material, the pharmaceuticals & healthcare drugs segment accounted for the largest market size in the microencapsulation market during the forecast period

The pharmaceuticals & healthcare drugs segment holds the largest market share in the microencapsulation market due to its various applications. Microencapsulation technology is a cost-effective option for increasing the bioavailability of drugs, as compared to other technologies.

Microencapsulation Market

North America is projected to account for the largest market share during the forecast period

North America constitutes a 36.5% market share of the microencapsulation market. The market for microencapsulation in the North American region is driven by the growing demand and awareness about value-added products for various areas such as nutrition, food, healthcare, and personal care. Due to this awareness and increased demand, companies are focusing on manufacturing functional products with novel technologies such as microencapsulation.

Key Market Players

The key players profiled in the microencapsulation market include BASF (Germany), Royal FrieslandCampina (Netherlands), Syngenta Crop Protection (Switzerland), Koninklijke DSM (Netherlands), Givaudan (Switzerland), Firmenich (Switzerland), Symrise (Germany), International Flavors & Fragrances (US), Sensient Technologies (US), Lycored Corp. (UK), Balchem Corporation (US), Encapsys (US), Arcade Beauty (US), and Koehler Innovative Solutions (Germany). These companies are focusing on strategies such as new product launches, expansions & investments, acquisitions, agreements, collaborations, joint ventures, and partnerships to expand their operations across the globe.

Recent Developments

  • In August 2018, Balchem Corporation (US) acquired Bioscreen Technologies, S.r.l. (Italy), a manufacturer of fermented and encapsulated feed nutrition ingredient. This acquisition would help the company to accelerate its growth in the animal nutrition & health business segment.
  • In August 2018, BASF's (Germany) animal nutrition division launched Lucantin NXT product line in the European Union that would gradually be marketed in other countries. The carotenoid formulation would meet the latest regulation that requires ethoxyquin (EQ) to be withdrawn as a stabilizer.
  • In October 2018, Koninklijke DSM (Netherlands) opened its second animal nutrition & health premix plant in Jadcherla, India. With this expansion, the company expanded its geographical reach as well as increased its production capacity to cater to the growing demands in the region.

Key questions addressed by the report

  • What are the growth opportunities for the microencapsulation market?
  • What are the major technologies used in the microencapsulation market?
  • What are the key factors affecting market dynamics?
  • What are the several applications of microencapsulation in various industries?
  • What are some of the major challenges and restraints that the industry faces?

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

Table of Contents

1 Introduction (Page No. - 19)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Periodization Considered
    1.4 Currency Considered
    1.5 Stakeholders

2 Research Methodology (Page No. - 23)
    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 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions & Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 37)
    4.1 Opportunities in the Microencapsulation Market
    4.2 Microencapsulation Market: Key Countries
    4.3 Microencapsulation Market, By Application and Region
    4.4 Microencapsulation Market, By Core Material
    4.5 Developed vs. Developing Countries in the Microencapsulation Market
    4.6 North America: Microencapsulation Market, By Technology, 2017

5 Market Overview (Page No. - 43)
    5.1 Introduction
    5.2 Future Trends
           5.2.1 Food Industry
    5.3 Regulatory Framework Governing the Microencapsulation Market
           5.3.1 Codex Alimentarius Commission (CAC)
                    5.3.1.1 Joint Expert Committee Food and Agriculture (JECFA)
           5.3.2 Fda
           5.3.3 European Commission
    5.4 Countrywise Regulatory Authorities for Microencapsulation in Food
           5.4.1 North America
                    5.4.1.1 US
                    5.4.1.2 Canada
           5.4.2 Europe
           5.4.3 Asia Pacific
                    5.4.3.1 Japan
                    5.4.3.2 India
                    5.4.3.3 China
           5.4.4 Rest of the World
                    5.4.4.1 Brazil
                    5.4.4.2 Australia & New Zealand
    5.5 Market Dynamics
           5.5.1 Drivers
                    5.5.1.1 Increase in Demand for Fortified Food Products With Health Benefits
                               5.5.1.1.1 Increase in Demand From the Food Industry
                                             5.5.1.1.1.1 Increase in Demand for Use in Functional Food
                               5.5.1.1.2 Rise in Demand in the Pharmaceutical Industry
                                             5.5.1.1.2.1 Controlled Drug Delivery
                                             5.5.1.1.2.2 Targeted Drug Delivery
                    5.5.1.2 Rise in Demand From the Agrochemicals Sector
                               5.5.1.2.1 Controlled Release Technique to Enhance the Efficiency of Agrochemicals
                               5.5.1.2.2 Controlled Release Application for Convenience in Use
                               5.5.1.2.3 Reduced Application Cost
                               5.5.1.2.4 Increase in Environmental Concerns
                    5.5.1.3 Increased R&D Activities for Process Efficiency to Enhance Market Penetration
                    5.5.1.4 Increased Consumer Demand for Functional Products
                    5.5.1.5 Widespread Applications of Microencapsulation
                               5.5.1.5.1 Rise in Demand to Enhance Product Functionality
           5.5.2 Restraints
                    5.5.2.1 High Cost Associated With the Microencapsulated Process
           5.5.3 Opportunities
                    5.5.3.1 Development of Advanced Technologies to Tap Niche Markets
                               5.5.3.1.1 Reduction in Capsule Size and Increase in Bioavailability
                               5.5.3.1.2 Need for Multi-Component Delivery Systems
                    5.5.3.2 Emerging Economies to Provide High Growth Opportunities
                               5.5.3.2.1 Government Support and Rising Economy in Developing Countries
           5.5.4 Challenges
                    5.5.4.1 Stability of Microencapsulated Ingredients in A Varying Atmosphere
                    5.5.4.2 Regulatory Hindrance
                    5.5.4.3 Technical Constraints Associated With High Costs
                    5.5.4.4 Selection of Technology
    5.6 Value Chain
           5.6.1 Introduction
           5.6.2 Value Chain Analysis

6 Microencapsulation Market, By Application (Page No. - 67)
    6.1 Introduction
    6.2 Pharmaceutical & Healthcare Products
           6.2.1 Increasing Demand for Controlled Drug Delivery System to Drive the Microencapsulation Market
    6.3 Food & Beverages
           6.3.1 Increasing Demand for Fortified Food and Beverages to Drive the Microencapsulation Market
    6.4 Household & Personal Care Products
           6.4.1 Demand for Fragrances and Essential Oils Drives the Market in Household & Personal Care
    6.5 Agrochemicals
           6.5.1 Controlled Release Technique of Microencapsulation to Enhance the Efficiency of Agricultural Operations
    6.6 Construction Materials
           6.6.1 Dual Change Temperature Control and Energy Saving to Drive the Microencapsulated Pcm Market in Construction
    6.7 Textiles
           6.7.1 Heat Storage Capacity of Pcm to Enhance the Microencapsulation Market in Textiles
    6.8 Others

7 Microencapsulation Market, By Technology (Page No. - 83)
    7.1 Introduction
    7.2 Spray Technologies
           7.2.1 Spray Drying
                    7.2.1.1 Demand for Fortified Food Products is Projected to Drive the Market for Spray Drying Microencapsulation
           7.2.2 Spray Chilling
                    7.2.2.1 Growing Demand for Microencapsulated Food Additives to Drive the Market Demand
    7.3 Emulsion Technologies
           7.3.1 in Situ Polymerization
                    7.3.1.1 The Advancement of Polymerization Techniques in Microencapsulated Drugs, Colors & Fragrance Applications
           7.3.2 Coacervation
                    7.3.2.1 Demand for Essential Oils, Flavours and Fragrances is Projected to Drive the Market for Coacervation Technologies
           7.3.3 Sol-Gel Encapsulation
                    7.3.3.1 The Advancement of Sole Gel Encapsulation Techniques in Microencapsulation of Construction Materials to Drive the Market Demand
    7.4 Dripping Technologies
           7.4.1 Spinning Disk/Rotational Suspension Separation
                    7.4.1.1 Atomization, High Production, and Scalability to Drive the Demand for Spinning Disk/Rotating Suspension Separation Technique
           7.4.2 Centrifugal Extrusion
                    7.4.2.1 Growing Demand for Microencapsulated Active Ingredients in Pharmaceutical Industry to Drive the Market Growth
    7.5 Other Technologies
           7.5.1 The Need for Flavor Masking and Nanoencapsulation are Trending in the Market

8 Microencapsulation Market, By Core Material (Page No. - 92)
    8.1 Introduction
    8.2 Agricultural Inputs
           8.2.1 Microencapsulation of Agricultural Inputs Mitigates the Environmental and Health Risks
    8.3 Food Additives
           8.3.1 Acidulants, Flavoring & Coloring Agents, and Vitamins & Minerals are Largely Encapsulated for Food Fortification
    8.4 Pharmaceutical & Healthcare Drugs
           8.4.1 Growing Demand for Flavor and Color Masking in Oral Dosages to Drive Microencapsulation Market
    8.5 Fragrances
           8.5.1 Fragrances to Be the Leading Core Materials in Microencapsulation Market
    8.6 Phase Change Materials
           8.6.1 Textile and Construction to Drive the Pcm Market
    8.7 Others
           8.7.1 Inks and Carbonless Paper to Drive the Market in Paper Industry

9 Microencapsulation Market, By Shell Material (Page No. - 101)
    9.1 Introduction
    9.2 Polymers
           9.2.1 Polyurea & Melamine Formaldehyde
                    9.2.1.1 Polyurea/Urethane is the Most Versatile Shell Materials
    9.3 GUMS & Resins
           9.3.1 The Demand for Food Inclusions Drives the GUMS Market
    9.4 Lipids
           9.4.1 Increasing Applications in Emulsion Technology Drives the Market for Lipid Shell Material
    9.5 Carbohydrates
           9.5.1 Cellulose Derivatives are the Largely Used Shell Materials for Food, Pharma, and Cosmetic Applications
           9.5.2 Cellulose
                    9.5.2.1 Organic Components are Preferred in Major Applications
    9.6 Proteins
           9.6.1 Gelatin-Based Microcapsules to Drive the Protein Shell Material Market

10 Microencapsulation Market, By Region (Page No. - 108)
     10.1 Introduction
     10.2 North America
             10.2.1 US
                        10.2.1.1 Innovations and Collaborations With R&D Firms to Upsurge the Microencapsulation Market in US
             10.2.2 Canada
                        10.2.2.1 Substantial Growth in the Food, Drugs, and Consumer Goods Industries Drives the Microencapsulation Market in Canada
             10.2.3 Mexico
                        10.2.3.1 Food and Agrochemical Applications to Grow at High Rates in Next 5 Years
     10.3 Europe
             10.3.1 Germany
                        10.3.1.1 Concentration of Key Players has Fueled the Market for Microencapsulation in the Country
             10.3.2 UK
                        10.3.2.1 Application of Pcm and Fragrances in Textile Industry has Been Growing in UK
             10.3.3 France
                        10.3.3.1 Nutraceutical Application to Be the Fastest Growing Market for Microencapsulation in France
             10.3.4 Rest of Europe
                        10.3.4.1 Demand for Dietary Supplements and Healthcare Products to Drive the Microencapsulation Market in Rest of Europe
     10.4 Asia Pacific
             10.4.1 China
                        10.4.1.1 Growing Demand for Agrochemicals and Textiles to Drive the Market for Microencapsulation in China
             10.4.2 Japan
                        10.4.2.1 Growing Functional Food Industry to Drive the Microencapsulation Market
             10.4.3 Rest of Asia Pacific
                        10.4.3.1 The South East Asian Markets are Projected to Grow at A High Rate in the Next Five Years
     10.5 Rest of the World (RoW)
             10.5.1 South America
                        10.5.1.1 Consistent Economic Growth and Development in the Food & Agro Industry is Stimulating the Demand for Microencapsulation
             10.5.2 Others in RoW
                        10.5.2.1 Favourable Government Policies in Middle East & Africa is Boosting the Demand

11 Competitive Landscape (Page No. - 144)
     11.1 Overview
     11.2 Competitive Leadership Mapping (Overall Market)
             11.2.1 Visionary Leaders
             11.2.2 Innovators
             11.2.3 Dynamic Differentiators
             11.2.4 Emerging Companies
     11.3 Competitive Benchmarking
             11.3.1 Strength of Product Portfolio
             11.3.2 Business Strategy Excellence
     11.4 Competetive Leadership Mapping (Start-Up/Sme)
             11.4.1 Progressive Companies
             11.4.2 Starting Blocks
             11.4.3 Responsive Companies
             11.4.4 Dynamic Companies
     11.5 Competitive Benchmarking for Start-Up Companies
             11.5.1 Strength of Product Portfolio
             11.5.2 Business Strategy Excellence
     11.6 Ranking of Key Players, 2018
     11.7 Competitive Scenario
             11.7.1 Product Launches
             11.7.2 Expansions & Investments
             11.7.3 Acquisitions
             11.7.4 Agreements, Collaborations, Partnerships, and Joint Ventures

12 Company Profiles (Page No. - 158)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)* 
     12.1 BASF
     12.2 Royal Frieslandcampina
     12.3 Syngenta Crop Protection
     12.4 Koninklijke Dsm
     12.5 Givaudan
     12.6 International Flavors & Fragrances
     12.7 Symrise
     12.8 Sensient Technologies
     12.9 Lycored Corp.
     12.10 Koehler Innovative Solutions
     12.11 Balchem Corporation
     12.12 Encapsys
     12.13 Arcade Beauty
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies 

13 Appendix (Page No. - 194)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Available Customizations
     13.4 Related Reports
     13.5 Author Details


List of Tables (87 Tables)

Table 1 USD Exchange Rates Considered, 2015–2017
Table 2 Reasons for Microencapsulation in the Food & Pharmaceutical Industries
Table 3 Trends in the Application of Microcapsules in Various Industries
Table 4 Major Applications of Microencapsulation in Various Industries
Table 5 Microencapsulation Methods, Cores, and the Size of Capsules
Table 6 Maximum Permissible Residue Level of Formaldehyde in Textiles & Other Products
Table 7 Microencapsulation Methods and Applications
Table 8 Microencapsulation Market Size, By Application, 2016–2023 (USD Million)
Table 9 Microencapsulated Drugs and Biopharmaceutics
Table 10 Pharmaceutical & Healthcare Products: Microencapsulation Market Size, By Region, 2016–2023 (USD Million)
Table 11 Applications of Microencapsulation of Probiotic Bacteria
Table 12 Methods for Encapsulating Food Ingredients
Table 13 Food & Beverages: Microencapsulation Market Size, By Region, 2016–2023 (USD Million)
Table 14 Household & Personal Care Products: Microencapsulation Market Size, By Region, 2016–2023 (USD Million)
Table 15 Agrochemicals: Microencapsulation Market Size, By Region, 2016–2023 (USD Million)
Table 16 Applications of Microcapsules in Construction Materials
Table 17 Construction Materials: Microencapsulation Market Size, By Region, 2016–2023 (USD Million)
Table 18 Textiles: Microencapsulation Market Size, By Region, 2016–2023 (USD Million)
Table 19 Textile Microencapsulation Market Size, By Core Material, 2016 - 2023 (USD Million)
Table 20 Textile Microencapsulation Market Size, By Technology, 2016 - 2023 (USD Million)
Table 21 Others: Microencapsulation Market Size, By Region, 2016–2023 (USD Million)
Table 22 Technologies for Microencapsulation
Table 23 Microencapsulation Techniques With their Relative Particle Size Ranges
Table 24 Microencapsulation Market Size, By Technology, 2016–2023 (USD Million)
Table 25 Spray Technologies: Microencapsulation Market Size, By Region, 2016–2023 (USD Million)
Table 26 Emulsion Technologies: Microencapsulation Market Size, By Region, 2016–2023 (USD Million)
Table 27 Dripping Technologies: Microencapsulation Market Size, By Region, 2016–2023 (USD Million)
Table 28 Other Technologies: Microencapsulation Market Size, By Region, 2016–2023 (USD Million)
Table 29 Microencapsulation Process and Applicable Core Material
Table 30 Microencapsulation Market Size, By Core Material, 2016–2023 (USD Million)
Table 31 Microencapsulation Market Size for Agricultural Inputs, By Region, 2016–2023 (USD Million)
Table 32 Microencapsulation Market Size for Food Additives, By Region, 2016–2023 (USD Million)
Table 33 Potential Benefits of Microencapsulation of Nutraceuticals
Table 34 Microencapsulation Market Size for Pharmaceutical & Healthcare Drugs, By Region, 2016–2023 (USD Million)
Table 35 Microencapsulation Market Size for Fragrances, By Region, 2016–2023 (USD Million)
Table 36 Microencapsulation Market Size for Phase Change Materials, By Region, 2016–2023 (USD Million)
Table 37 Microencapsulation Market Size for Other Core Materials, By Region, 2016–2023 (USD Million)
Table 38 Core Materials Used in Microencapsulation
Table 39 Microencapsulation Market Size, By Core & Shell Material, 2016 - 2023 (USD Million)
Table 40 Microencapsulation Shell Material Market Size, By Shell Material, 2016 - 2023 (USD Million)
Table 41 Biodegradable and Non-Biodegradable Polymer Shell Materials in Microencapsulation
Table 42 Microencapsulation Market Size, By Region, 2016–2023 (USD Million)
Table 43 North America: Microencapsulation Market Size, By Country, 2016–2023 (USD Million)
Table 44 North America: Microencapsulation Market Size, By Application, 2016–2023 (USD Million)
Table 45 North America: Microencapsulation Market Size, By Technology, 2016–2023 (USD Million)
Table 46 North America: Microencapsulation Market Size, By Core Material, 2016–2023 (USD Million)
Table 47 Maximum Intended Use Levels of Free and Microencapsulated Fish Oil Products*
Table 48 US: Microencapsulation Market Size, By Application, 2016–2023 (USD Million)
Table 49 US: Microencapsulation Market Size, By Technology, 2016–2023 (USD Million)
Table 50 Canada: Microencapsulation Market Size, By Application, 2016–2023 (USD Million)
Table 51 Canada: Microencapsulation Market Size, By Technology, 2016–2023 (USD Million)
Table 52 Mexico: Microencapsulation Market Size, By Application, 2016–2023 (USD Million)
Table 53 Mexico: Microencapsulation Market Size, By Technology, 2016–2023 (USD Million)
Table 54 Europe: Microencapsulation Market Size, By Country, 2016–2023 (USD Million)
Table 55 Europe: Microencapsulation Market Size, By Application, 2016–2023 (USD Million)
Table 56 Europe: Microencapsulation Market Size, By Technology, 2016–2023 (USD Million)
Table 57 Europe: Microencapsulation Market Size, By Core Material, 2016–2023 (USD Million)
Table 58 Germany: Microencapsulation Market Size, By Application, 2016–2023 (USD Million)
Table 59 Germany: Microencapsulation Market Size, By Technology, 2016–2023 (USD Million)
Table 60 UK: Microencapsulation Market Size, By Application, 2016–2023 (USD Million)
Table 61 UK: Microencapsulation Market Size, By Technology, 2016–2023 (USD Million)
Table 62 France: Microencapsulation Market Size, By Application, 2016–2023 (USD Million)
Table 63 France: Microencapsulation Market Size, By Technology, 2016–2023 (USD Million)
Table 64 Rest of Europe: Microencapsulation Market Size, By Application, 2016–2023 (USD Million)
Table 65 Rest of Europe: Microencapsulation Market Size, By Technology, 2016–2023 (USD Million)
Table 66 Asia Pacific: Microencapsulation Market Size, By Country, 2016–2023 (USD Million)
Table 67 Asia Pacific: Microencapsulation Market Size, By Application, 2016–2023 (USD Million)
Table 68 Asia Pacific: Microencapsulation Market Size, By Technology, 2016–2023 (USD Million)
Table 69 Asia Pacific: Microencapsulation Market Size, By Core Material, 2016–2023 (USD Million)
Table 70 China: Microencapsulation Market Size, By Application, 2016–2023 (USD Million)
Table 71 China: Microencapsulation Market Size, By Technology, 2016–2023 (USD Million)
Table 72 Japan: Microencapsulation Market Size, By Application, 2016–2023 (USD Million)
Table 73 Japan: Microencapsulation Market Size, By Technology, 2016–2023 (USD Million)
Table 74 Rest of Asia Pacific: Microencapsulation Market Size, By Application, 2016–2023 (USD Million)
Table 75 Rest of Asia Pacific: Microencapsulation Market Size, By Technology, 2016–2023 (USD Million)
Table 76 RoW: Microencapsulation Market Size, By Region, 2016–2023 (USD Million)
Table 77 RoW: Microencapsulation Market Size, By Application, 2016–2023 (USD Million)
Table 78 RoW: Microencapsulation Market Size, By Technology, 2016–2023 (USD Million)
Table 79 RoW: Microencapsulation Market Size, By Core Material, 2016–2023 (USD Million)
Table 80 South America: Microencapsulation Market Size, By Application, 2016–2023 (USD Million)
Table 81 South America: Microencapsulation Market Size, By Technology, 2016–2023 (USD Million)
Table 82 Others in RoW: Microencapsulation Market Size, By Application, 2016–2023 (USD Million)
Table 83 Others in RoW: Microencapsulation Market Size, By Technology, 2016–2023 (USD Million)
Table 84 New Service, Technology, and Product Launches, 2016-2018
Table 85 Expansions & Investments, 2018-2019
Table 86 Acquisitions, 2018 - 2019
Table 87 Agreements, Collaborations, Partnerships, and Joint Ventures, 2016 - 2018


List of Figures (48 Figures)

Figure 1 Microencapsulation Market Segmentation
Figure 2 Geographic Scope
Figure 3 Microencapsulation Market: Research Design
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Breakdown and Data Triangulation
Figure 8 Microencapsulation Market Snapshot, By Core Material, 2018 vs. 2023 (USD Billion)
Figure 9 Asia Pacific is Projected to Be the Fastest-GRoWing Market for Microencapsulation From 2018 to 2023
Figure 10 Microencapsulation Market Size, By Technology, 2018–2023 (USD Billion)
Figure 11 Microencapsulation Market Size, By Application, 2018 vs. 2023 (USD Billion)
Figure 12 Microencapsulation Market Share (Value), By Region, 2017
Figure 13 Increase in Demand for Functional Products to Drive the Growth of the Microencapsulation Market
Figure 14 China is Projected to Be the Fastest-Growing Country-Level Market for Microencapsulation From 2018 to 2023
Figure 15 North America Dominated the Microencapsulation Market in 2017
Figure 16 Pharmaceutical & Healthcare Drugs to Dominated the Market Through 2023
Figure 17 Developing Countries to Emerge at Higher Growth Rates During the Forecast Period
Figure 18 North America: Microencapsulation Market, By Technology, 2017
Figure 19 Market Dynamics: Microencapsulation Market
Figure 20 Increase in Per Capita Healthcare Expenditure in Major Economies, 2012–2015
Figure 21 Chronic Diseases Were Among the Top 10 Causes of the Deaths in 2015
Figure 22 Microencapsulation: Development and Production Accounts for the Maximum Contribution to the Cumulative Value
Figure 23 Microencapsulation Market Size, By Applications, 2018 vs. 2023 (USD Million)
Figure 24 Microencapsulation Market Size, By Technology, 2018 vs. 2023 (USD Million)
Figure 25 Microencapsulation Market Size, By Core Material, 2018 vs. 2023 (USD Million)
Figure 26 Microencapsulation Market Size, By Shell Material, 2018 vs. 2023 (USD Million)
Figure 27 Microencapsulation Market Size, By Core & Shell Material, 2017
Figure 28 US Accounted for the Largest Share in the Microencapsulation Market in 2017
Figure 29 North America: Microencapsulation Market Snapshot
Figure 30 Europe: Microencapsulation Market Snapshot
Figure 31 Asia Pacific: Microencapsulation Market Snapshot
Figure 32 Global Microencapsulation Market Competitive Leadership Mapping, 2018
Figure 33 Microencapsulation Market Startups Competitive Leadership Mapping, 2018
Figure 34 BASF Led the Microencapsulation Market in 2018
Figure 35 BASF: Company Snapshot
Figure 36 BASF: SWOT Analysis
Figure 37 Royal Frieslandcampina: Company Snapshot
Figure 38 Royal Frieslandcampina: SWOT Analysis
Figure 39 Syngenta Crop Protection: Company Snapshot
Figure 40 Syngenta Crop Protection: SWOT Analysis
Figure 41 Koninklijke Dsm: Company Snapshot
Figure 42 Koninklijke Dsm: SWOT Analysis
Figure 43 Givaudan: Company Snapshot
Figure 44 Givaudan: SWOT Analysis
Figure 45 International Flavors & Fragrances: Company Snapshot
Figure 46 Symrise: Company Snapshot
Figure 47 Sensient Technologies: Company Snapshot
Figure 48 Balchem Corporation: Company Snapshot

The study involves four major activities to estimate the current market size of microencapsulation. Exhaustive secondary research was done to collect information on the market, the peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the 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 the segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to, so as to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, food safety organizations, regulatory bodies, trade directories, and databases.

Primary Research

The microencapsulation market comprises several stakeholders such as suppliers, R&D institutes, and end-product manufacturers in the supply chain. The demand side of the market is characterized by the presence of importers/exporters; distributors; and manufacturers of food & beverages, pharmaceuticals, household and personal care products, textiles, and construction materials. The supply side is characterized by the presence of key providers of microencapsulation. Various primary sources from the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. The following is the breakdown of primary respondents:

Microencapsulation Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the microencapsulation market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • 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, 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. 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. Along with this, the market size has been validated using both the top-down and bottom-up approaches.

Report Objectives

  • Determining and projecting the size of the microencapsulation market, with respect to  application, technology, core material, shell material, and region, over a five-year period, ranging from 2018 to 2023
  • Identifying attractive opportunities in the market by determining the largest and fastest-growing segments across regions
  • Analyzing the demand-side factors on the basis of the following:
    • Impact of macro- and micro-economic factors on the market
    • Shifts in demand patterns across different sub-segments and regions
    • Identifying and profiling key players in the microencapsulation market
  • Providing a comparative analysis of the market leaders on the basis of the following:
    • Product offerings
    • Business strategies
    • Strengths, weaknesses, opportunities, and threats
    • Key financials
  • Understanding the competitive landscape and identifying the major growth strategies adopted by players across the key regions
  • Analyzing the supply chain and regulatory frameworks across regions and their impact on prominent market players
  • Providing insights on key investments in product innovations and technology and patent registrations

Scope of Report

Report Metric

Details

Market size for available years

2016-2023

Base year considered

2017

Forecast period

2018-2023

Forecast units

Value (USD)

Segments covered

Application, Technology, Core material, Shell material, and Region

Geographies covered

North America, Europe, Asia Pacific, and RoW

Companies covered

BASF (Germany), Royal FrieslandCampina (Netherlands), Syngenta Crop Protection (Switzerland), Koninklijke DSM (Netherlands), Givaudan (Switzerland), Firmenich (Switzerland), Symrise (Germany), International Flavors & Fragrances (US), Sensient Technologies (US), Lycored Corp. (UK), Balchem Corporation (US), Encapsys (US), Arcade Beauty (US), and Koehler Innovative Solutions (Germany)

This research report categorizes the microencapsulation market on the basis of application, technology, core material, shell material, and region.

On the basis of application, the microencapsulation market has been segmented as follows:

  • Pharmaceuticals and healthcare products
  • Food & beverages
  • Household and personal care products
  • Agrochemicals
  • Construction materials
  • Textiles
  • Others (energy, defense, and paper & printing)

On the basis of technology, the microencapsulation market has been segmented as follows:

  • Spray technologies
  • Emulsion technologies
  • Dripping technologies
  • Others (coating, physicochemical, and chemical technologies)

On the basis of core material, the microencapsulation 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)

On the basis of shell material, the microencapsulation market has been segmented as follows:

  • Polymers
  • Gums & resins
  • Liquids
  • Carbohydrates
  • Proteins

On the basis of region, the microencapsulation market has been segmented as follows:

  • North America
  • Europe
  • Asia Pacific
  • RoW (includes South America and  the rest of the world)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to company-specific needs.

The following customization options are available for the report:

Segment Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the Asia Pacific microencapsulation market, by country
  • Further breakdown of the Europe microencapsulation market, by country
  • Further breakdown of the RoW microencapsulation market, by country

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
Report Code
FB 5546
Published ON
Mar, 2019
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