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 2025

Report Code: FB 5546 Sep, 2020, by marketsandmarkets.com

[ 283 Pages Report] The global microencapsulation market is estimated to be valued at USD 8.5 billion in 2020 and is projected to reach USD 15.5 billion by 2025, at a CAGR of 12.9% from 2020 to 2025. 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.

Attractive Opportunities in the Microencapsulation Market

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COVID-19 Impact on the Global Microencapsulation Market

The microencapsulation market includes major Tier I and II suppliers like Cargill, BASF, DSM, Ingredion Incorporation. These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and RoW. COVID-19 has impacted their businesses as well. Though this pandemic situation has impacted their businesses as well, there is no significant impact on the global operations and supply chain of their microencapsulation products. Multiple manufacturing facilities of players are still in operation.

Market Dynamics 

Driver:   Increase in demand for fortified food products with health benefits

The demand for microencapsulation is increasing with the growth in demand for functional and fortified food & pharmaceutical products. Microencapsulation provides integration of minerals, vitamins, flavors, essential oils, and other additives in food products to enhance the functional properties of products. The pharmaceutical sector is also greatly influenced by microencapsulation technologies due to the benefits achieved by the manufacturers. Along with the encapsulation of drugs, other active ingredients such as peptides, proteins, and DNA/RNA molecules are also encapsulated in the pharmaceutical sector to meet the market demand for value-added products. 

Restraint: Competition for basic raw material

Although a large number of market players have adopted the microencapsulation technology in various industries, constant R&D is required to sustain in the market. The high cost of R&D resources, along with the processing technology, is hindering the market growth. The development of microencapsulated material is sometimes 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 products and ultimately leads to an increase in their cost. 

Opportunities: Development of advanced technologies to tap niche markets

With the increasing demand for microencapsulated products, significant R&D activities are being carried out by various companies in the market; this has been aiding the growth of the microencapsulation market sufficiently. New technologies are required in microencapsulation to tap niche markets such as the use of PCMs in energy application and cancer & brain tumor-specific drug delivery. The market players in PCMs are working on new product developments, microencapsulation technologies, improvement in latent heat storage capacity, as well as evaluation of different phase change temperature options, to enhance the performance of their products. However, no technologies are available for the use of microencapsulated PCMs above 500°C (932°F), which is required in the energy sector. Therefore, addressing this need is expected to provide opportunities for the market. 

Challenge: Stability of microencapsulated ingredients in a varying atmosphere

Optimization of physical and chemical properties of microcapsules is necessary to achieve the stability of microencapsulated ingredients or products. Manufacturers find it challenging to maintain the stability of microencapsulated ingredients in varying environmental conditions. The parameters for the optimization of properties include microencapsulation process type, material type, or capacity of the microsphere. The properties of microcapsules including permeability, mechanical stability, cell viability, controlled release, targeted delivery, drug stability, and shelf-life need to be optimized. Achieving these parameters to achieve stability is challenging because of varying atmospheric conditions such as temperature, humidity, and pressure. Even with the adoption of advanced technologies, some challenges such as a combination of moisture-sensitive ingredients with liquid food persists. This is because of the failure to achieve the required stability of microcapsules in the humid atmosphere. 

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

The COVID-19 outbreak has positively impacted the microencapsulation market majorly in nutraceutical and dietary supplement market. The demand for these products will increase, due to the health benefits and immunity boosting power. The sharp surge in demand is observed for microencapsulated dietary supplements from consumers, as it provides strong immune function and decrease the health threat possibility. Moreover, numerous countries around the world are experiencing a lockdown, and social distancing has been mandated by the government authorities to curb the transmission of the outbreak. As a result, both imports and exports in many countries have been either restricted or delayed since the outbreak. This poses a drawback for  product supplier, as they supply chain is not equipped to handle the surge in demand. 

Microencapsulation Market By Region

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

North America constitutes a 36.1% 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 global 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) Ingredion Incorporation (US), Kerry (Ireland), Cargill (US), Firmenich Incorporation (Switzerland), Dupont (US), Aveka Group (US), Advanced Bionutrition Corp (US), Tastetech Encapsulation Solutions (UK), Sphera Encapsulation (Italy), Clextral (France), Vitasquare (Netherlands), and Microtek (US). . 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. 

Scope of the report

Report Metric

Details

Market size for available years

2016-2025

Base year considered

2019

Forecast period

2020-2025

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), Ingredion Incorporation (US), Kerry (Ireland), Cargill (US), Firmenich Incorporation (Switzerland), Dupont (US), Aveka Group (US), Advanced Bionutrition Corp (US), Tastetech Encapsulation Solutions (UK), Sphera Encapsulation (Italy), Clextral (France), Vitasquare (Netherlands), and Microtek (US).

This research report categorizes the global market based on applications, shell material, core material, technology, and region.  

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

  • Pharmaceutical & healthcare products
  • Food & beverages
  • Household & personal care products
  • Agrochemicals
  • Construction material
  • Textiles
  • Other applications (construction chemicals, inks, energy molecules)  

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

  • Spray technology
  • Dripping technology
  • Emulsion technology
  • Other technologies (coating, physico-chemical, and chemical technologies.) 

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

  • Agricultural inputs
  • Food additives
  • Pharmaceutical & healthcare drugs
  • Fragrances
  • Phase change material
  • Other core material (defense, and paper & printing.) 

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

  • Polymers
  • Gums & Resins
  • Lipids
  • Carbohydrates
  • Protein

Recent Developments

  • 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.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 35)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 MARKET SCOPE
           FIGURE 1 MICROENCAPSULATION MARKET SEGMENTATION
           FIGURE 2 GEOGRAPHIC SCOPE
           1.3.1 PERIODIZATION CONSIDERED
    1.4 CURRENCY CONSIDERED
           TABLE 1 USD EXCHANGE RATES CONSIDERED, 2015–2017
    1.5 STAKEHOLDERS
    1.6 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 40)
    2.1 RESEARCH DATA
           FIGURE 3 MICROENCAPSULATION MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakdown of primary interviews
                               FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
    2.2 MARKET SIZE ESTIMATION
           FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
           FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 7 MARKET BREAKDOWN AND DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS & LIMITATIONS
           2.4.1 ASSUMPTIONS
           2.4.2 LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 48)
    FIGURE 8 MICROENCAPSULATION MARKET SNAPSHOT, BY CORE MATERIAL, 2020 VS. 2025 (USD MILLION)
    FIGURE 9 MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2020–2025 (USD MILLION)
    FIGURE 10 MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2020 VS. 2025 (USD BILLION)
    FIGURE 11 MICROENCAPSULATION MARKET SHARE (VALUE), BY REGION, 2019

4 PREMIUM INSIGHTS (Page No. - 53)
    4.1 OPPORTUNITIES IN THE MICROENCAPSULATION MARKET
           FIGURE 12 INCREASE IN DEMAND FOR FUNCTIONAL PRODUCTS TO DRIVE THE GROWTH OF THE MICROENCAPSULATION MARKET
    4.2 MICROENCAPSULATION MARKET: KEY COUNTRIES
           FIGURE 13 CHINA IS PROJECTED TO BE THE FASTEST-GROWING COUNTRY-LEVEL MARKET FOR MICROENCAPSULATION FROM 2020 TO 2025
    4.3 MICROENCAPSULATION MARKET, BY APPLICATION AND REGION
           FIGURE 14 NORTH AMERICA DOMINATED THE MICROENCAPSULATION MARKET IN 2019
    4.4 MICROENCAPSULATION MARKET, BY CORE MATERIAL
           FIGURE 15 PHARMACEUTICAL & HEALTHCARE DRUGS TO DOMINATED THE MARKET THROUGH 2025
    4.5 MICROENCAPSULATION MARKET, BY TECHNOLOGY
           FIGURE 16 SPRAY TECHNOLOGY TO DOMINATED THE MARKET THROUGH 2025
    4.6 NORTH AMERICA: MICROENCAPSULATION MARKET, BY TECHNOLOGY, 2019
           FIGURE 17 NORTH AMERICA: MICROENCAPSULATION MARKET, BY TECHNOLOGY, 2019

5 MARKET OVERVIEW (Page No. - 58)
    5.1 INTRODUCTION
           TABLE 2 REASONS FOR MICROENCAPSULATION IN THE FOOD & PHARMACEUTICAL INDUSTRIES
    5.2 FUTURE TRENDS
           TABLE 3 TRENDS IN THE APPLICATION OF MICROCAPSULES IN VARIOUS INDUSTRIES
           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 COUNTRY-WISE 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
           FIGURE 18 MARKET DYNAMICS: MICROENCAPSULATION MARKET
           5.5.1 DRIVERS
                    5.5.1.1 Increase in demand for fortified food products with health benefits
                               FIGURE 19 INCREASE IN PER CAPITA HEALTHCARE EXPENDITURE IN MAJOR ECONOMIES, 2012–2015
                               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
                                             FIGURE 20 CHRONIC DISEASES WERE AMONG THE TOP 10 CAUSES OF THE DEATHS IN 2015
                                             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
                               TABLE 4 MAJOR APPLICATIONS OF MICROENCAPSULATION IN VARIOUS INDUSTRIES
                               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
                                             TABLE 5 MICROENCAPSULATION METHODS, CORES, AND THE SIZE OF CAPSULES
                               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
                               TABLE 6 MAXIMUM PERMISSIBLE RESIDUE LEVEL OF FORMALDEHYDE IN TEXTILES & OTHER PRODUCTS
                    5.5.4.3 Technical constraints associated with high costs
                    5.5.4.4 Selection of technology
           5.5.5 COVID-19 PANDEMIC IMPACT
                    FIGURE 21 CHART OF PRE- & POST-COVID SCENARIO IN THE MICROENCAPSULATION MARKET
    5.6 VALUE CHAIN
           5.6.1 INTRODUCTION
           5.6.2 VALUE CHAIN ANALYSIS
                    FIGURE 22 MICROENCAPSULATION: DEVELOPMENT AND PRODUCTION ACCOUNTS FOR THE MAXIMUM CONTRIBUTION TO THE CUMULATIVE VALUE

6 MICROENCAPSULATION MARKET, BY CORE MATERIAL (Page No. - 84)
    6.1 INTRODUCTION
           6.1.1 MICROENCAPSULATION PROCESS AND APPLICABLE CORE MATERIAL
                    FIGURE 23 MICROENCAPSULATION MARKET SIZE, BY CORE MATERIAL, 2020 VS. 2025 (USD MILLION)
                    TABLE 7 MICROENCAPSULATION MARKET SIZE, BY CORE MATERIAL, 2016–2019 (USD MILLION)
                    TABLE 8 MICROENCAPSULATION MARKET SIZE, BY CORE MATERIAL, 2020–2025 (USD MILLION)
    6.2 AGRICULTURAL INPUTS
           6.2.1 MICROENCAPSULATION OF AGRICULTURAL INPUTS MITIGATES THE ENVIRONMENTAL AND HEALTH RISKS
                    TABLE 9 MICROENCAPSULATION MARKET SIZE FOR AGRICULTURAL INPUTS, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 10 MICROENCAPSULATION MARKET SIZE FOR AGRICULTURAL INPUTS, BY REGION, 2020–2025 (USD MILLION)
           6.2.2 FOOD ADDITIVES
                    6.2.2.1 Acidulants, flavoring & coloring agents, and vitamins & minerals are largely encapsulated for food fortification
                               TABLE 11 MICROENCAPSULATION MARKET SIZE FOR FOOD ADDITIVES, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 12 MICROENCAPSULATION MARKET SIZE FOR FOOD ADDITIVES, BY REGION, 2020–2025 (USD MILLION)
           6.2.3 PHARMACEUTICAL & HEALTHCARE DRUGS
                    6.2.3.1 Growing demand for flavor and color masking in oral dosages to drive microencapsulation market
                               TABLE 13 POTENTIAL BENEFITS OF MICROENCAPSULATION OF NUTRACEUTICALS
                               TABLE 14 MICROENCAPSULATION MARKET SIZE FOR PHARMACEUTICAL & HEALTHCARE DRUGS, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 15 MICROENCAPSULATION MARKET SIZE FOR PHARMACEUTICAL & HEALTHCARE DRUGS, BY REGION, 2020–2025 (USD MILLION)
           6.2.4 FRAGRANCES TO BE THE LEADING CORE MATERIALS IN MICROENCAPSULATION MARKET
                    TABLE 16 MICROENCAPSULATION MARKET SIZE FOR FRAGRANCES, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 17 MICROENCAPSULATION MARKET SIZE FOR FRAGRANCES, BY REGION, 2020–2025 (USD MILLION)
           6.2.5 PHASE CHANGE MATERIALS
                    6.2.5.1 Textile and construction to drive the phase change material market
                               TABLE 18 MICROENCAPSULATION MARKET SIZE FOR PHASE CHANGE MATERIALS, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 19 MICROENCAPSULATION MARKET SIZE FOR PHASE CHANGE MATERIALS, BY REGION, 2020–2025 (USD MILLION)
           6.2.6 OTHERS
                    6.2.6.1 Inks and carbonless paper to drive the market in the paper industry
                               TABLE 20 MICROENCAPSULATION MARKET SIZE FOR OTHER CORE MATERIALS, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 21 MICROENCAPSULATION MARKET SIZE FOR OTHER CORE MATERIALS, BY REGION, 2020–2025 (USD MILLION)

7 MICROENCAPSULATION MARKET, BY TECHNOLOGY (Page No. - 95)
    7.1 INTRODUCTION
           7.1.1 TECHNOLOGIES FOR MICROENCAPSULATION
                    FIGURE 24 MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2020 VS. 2025 (USD MILLION)
           7.1.2 MICROENCAPSULATION TECHNIQUES WITH THEIR RELATIVE PARTICLE SIZE RANGES
                    TABLE 22 MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                    TABLE 23 MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2020–2025 (USD MILLION)
    7.2 SPRAY TECHNOLOGIES
           7.2.1 DEMAND FOR FORTIFIED FOOD PRODUCTS IS PROJECTED TO DRIVE THE MARKET FOR SPRAY DRYING MICROENCAPSULATION
                    7.2.1.1 Spray chilling
                               7.2.1.1.1 Growing demand for microencapsulated food additives to drive the market demand
                                             TABLE 24 SPRAY TECHNOLOGIES: MICROENCAPSULATION MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                                             TABLE 25 SPRAY TECHNOLOGIES: MICROENCAPSULATION MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
    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, flavors, 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
                               TABLE 26 EMULSION TECHNOLOGIES: MICROENCAPSULATION MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 27 EMULSION TECHNOLOGIES: MICROENCAPSULATION MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
    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 the pharmaceutical industry to drive the market growth
                               TABLE 28 DRIPPING TECHNOLOGIES: MICROENCAPSULATION MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 29 DRIPPING TECHNOLOGIES: MICROENCAPSULATION MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
    7.5 OTHER TECHNOLOGIES
           7.5.1 THE NEED FOR FLAVOR MASKING AND NANOENCAPSULATION ARE TRENDING IN THE MARKET
                    TABLE 30 OTHER TECHNOLOGIES: MICROENCAPSULATION MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 31 OTHER TECHNOLOGIES: MICROENCAPSULATION MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)

8 MICROENCAPSULATION MARKET, BY SHELL MATERIAL (Page No. - 105)
    8.1 INTRODUCTION
           TABLE 32 SHELL MATERIALS USED IN MICROENCAPSULATION
           FIGURE 25 MICROENCAPSULATION MARKET SIZE, BY SHELL MATERIAL, 2018 VS. 2023 (USD MILLION)
           TABLE 33 MICROENCAPSULATION SHELL MATERIAL MARKET SIZE, BY SHELL MATERIAL, 2016–2019 (USD MILLION)
           TABLE 34 MICROENCAPSULATION SHELL MATERIAL MARKET SIZE, BY SHELL MATERIAL, 2020–202(USD MILLION)
    8.2 POLYMERS
           TABLE 35 BIODEGRADABLE AND NON-BIODEGRADABLE POLYMER SHELL MATERIALS IN MICROENCAPSULATION
           8.2.1 POLYUREA & MELAMINE FORMALDEHYDE
                    8.2.1.1 Polyurea/urethane is the most versatile shell materials
    8.3 GUMS & RESINS
           8.3.1 THE DEMAND FOR FOOD INCLUSIONS DRIVES THE GUMS MARKET
    8.4 LIPIDS
           8.4.1 INCREASING APPLICATIONS IN EMULSION TECHNOLOGY DRIVES THE MARKET FOR LIPID SHELL MATERIAL
    8.5 CARBOHYDRATES
           8.5.1 CELLULOSE DERIVATIVES ARE THE LARGELY USED SHELL MATERIALS FOR FOOD, PHARMA, AND COSMETIC APPLICATIONS
           8.5.2 CELLULOSE
                    8.5.2.1 Organic components are preferred in major applications
    8.6 PROTEINS
           8.6.1 GELATIN-BASED MICROCAPSULES TO DRIVE THE PROTEIN SHELL MATERIAL MARKET

9 MICROENCAPSULATION MARKET, BY APPLICATION (Page No. - 112)
    9.1 INTRODUCTION
    9.2 OPERATIONAL DRIVERS
           9.2.1 GROWTH IN THE NUTRITIONAL SUPPLEMENTS SECTOR
           9.2.2 DEMAND FOR IMPROVED SHELF LIFE OF END PRODUCTS TO DRIVE THE GROWTH OF THE MICROENCAPSULATION INDUSTRY
           9.2.3 MICROENCAPSULATION METHODS AND APPLICATIONS
                    FIGURE 26 MICROENCAPSULATION MARKET SIZE, BY APPLICATIONS, 2020 VS. 2025 (USD MILLION)
                    TABLE 36 MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 37 MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
    9.3 PHARMACEUTICAL & HEALTHCARE PRODUCTS
           9.3.1 INCREASING DEMAND FOR CONTROLLED DRUG DELIVERY SYSTEM TO DRIVE THE MICROENCAPSULATION MARKET
                    TABLE 38 MICROENCAPSULATED DRUGS AND BIOPHARMACEUTICS
                    TABLE 39 PHARMACEUTICAL & HEALTHCARE PRODUCTS: MICROENCAPSULATION MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 40 PHARMACEUTICAL & HEALTHCARE PRODUCTS: MICROENCAPSULATION MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
    9.4 FOOD & BEVERAGES
           9.4.1 INCREASING DEMAND FOR FORTIFIED FOOD AND BEVERAGES TO DRIVE THE MICROENCAPSULATION MARKET
           9.4.2 APPLICATIONS OF MICROENCAPSULATION OF PROBIOTIC BACTERIA
           9.4.3 METHODS FOR ENCAPSULATING FOOD INGREDIENTS
                    TABLE 41 FOOD & BEVERAGES: MICROENCAPSULATION MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 42 FOOD & BEVERAGES: MICROENCAPSULATION MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
    9.5 HOUSEHOLD & PERSONAL CARE PRODUCTS
           9.5.1 DEMAND FOR FRAGRANCES AND ESSENTIAL OILS DRIVES THE MARKET IN HOUSEHOLD & PERSONAL CARE
                    TABLE 43 HOUSEHOLD & PERSONAL CARE PRODUCTS: MICROENCAPSULATION MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 44 HOUSEHOLD & PERSONAL CARE PRODUCTS: MICROENCAPSULATION MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
    9.6 AGROCHEMICALS
           9.6.1 CONTROLLED RELEASE TECHNIQUE OF MICROENCAPSULATION TO ENHANCE THE EFFICIENCY OF AGRICULTURAL OPERATIONS
                    TABLE 45 AGROCHEMICALS: MICROENCAPSULATION MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 46 AGROCHEMICALS: MICROENCAPSULATION MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
    9.7 CONSTRUCTION MATERIALS
           9.7.1 DUAL CHANGE TEMPERATURE CONTROL AND ENERGY SAVING TO DRIVE THE MICROENCAPSULATED PCM MARKET IN CONSTRUCTION
                    TABLE 47 APPLICATIONS OF MICROCAPSULES IN CONSTRUCTION MATERIALS
                    TABLE 48 CONSTRUCTION MATERIALS: MICROENCAPSULATION MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 49 CONSTRUCTION MATERIALS: MICROENCAPSULATION MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
    9.8 TEXTILES
           9.8.1 HEAT STORAGE CAPACITY OF PCM TO ENHANCE THE MICROENCAPSULATION MARKET IN TEXTILES
                    TABLE 50 TEXTILES: MICROENCAPSULATION MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 51 TEXTILES: MICROENCAPSULATION MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
    9.9 OTHERS
           TABLE 52 OTHERS: MICROENCAPSULATION MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
           TABLE 53 OTHERS: MICROENCAPSULATION MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
    9.10 IMPACT OF COVID-19 ON MICROENCAPSULATION APPLICATION
           9.10.1 HIGHLY IMPACTED MICROENCAPSULATION INDUSTRIES–FOOD & BEVERAGES
           9.10.2 LEAST IMPACTED MICROENCAPSULATION INDUSTRIES–PHARMACEUTICAL & HEALTHCARE

10 MICROENCAPSULATION MARKET, BY REGION (Page No. - 131)
     10.1 INTRODUCTION
               FIGURE 27 US ACCOUNTED FOR THE LARGEST SHARE IN THE MICROENCAPSULATION MARKET IN 2019
               TABLE 54 MICROENCAPSULATION MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
               TABLE 55 MICROENCAPSULATION MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
     10.2 REGIONAL OPERATIONAL DRIVERS
             10.2.1 RISING ADOPTION OF TECHNOLOGY
             10.2.2 RISING DEMAND FOR SPECIALTY DETERGENTS & CLEANING AGENTS
             10.2.3 IMPACT OF COVID-19 MICROENCAPSULATION MARKET ACROSS REGIONS
                       10.2.3.1 HIGH IMPACT REGIONS — ASIA PACIFIC & EUROPE
     10.3 NORTH AMERICA
               FIGURE 28 NORTH AMERICA: MICROENCAPSULATION MARKET SNAPSHOT
               TABLE 56 NORTH AMERICA: MICROENCAPSULATION MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
               TABLE 57 NORTH AMERICA: MICROENCAPSULATION MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
               TABLE 58 NORTH AMERICA: MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
               TABLE 59 NORTH AMERICA: MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
               TABLE 60 NORTH AMERICA: MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
               TABLE 61 NORTH AMERICA: MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2020–2025 (USD MILLION)
               TABLE 62 NORTH AMERICA: MICROENCAPSULATION MARKET SIZE, BY CORE MATERIAL, 2016–2019 (USD MILLION)
               TABLE 63 NORTH AMERICA: MICROENCAPSULATION MARKET SIZE, BY CORE MATERIAL, 2020–2025 (USD MILLION)
             10.3.1 US
                       10.3.1.1 Innovations and collaborations with R&D firms to upsurge the microencapsulation market in the US
                                   TABLE 64 MAXIMUM INTENDED USE LEVELS OF FREE AND MICROENCAPSULATED FISH OIL PRODUCTS*
                                   TABLE 65 US: MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                   TABLE 66 US: MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                   TABLE 67 US: MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                   TABLE 68 US: MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2020–2025 (USD MILLION)
             10.3.2 CANADA
                       10.3.2.1 Substantial growth in the food, drugs, and consumer goods industries drives the microencapsulation market in Canada
                                   TABLE 69 CANADA: MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                   TABLE 70 CANADA: MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                   TABLE 71 CANADA: MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                   TABLE 72 CANADA: MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2020–2025 (USD MILLION)
             10.3.3 MEXICO
                       10.3.3.1 Food and agrochemical applications to grow at high rates in the next five years
                                   TABLE 73 MEXICO: MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                   TABLE 74 MEXICO: MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                   TABLE 75 MEXICO: MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                   TABLE 76 MEXICO: MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2020–2025 (USD MILLION)
     10.4 EUROPE
               TABLE 77 EUROPE: MICROENCAPSULATION MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
               TABLE 78 EUROPE: MICROENCAPSULATION MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
               TABLE 79 EUROPE: MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
               TABLE 80 EUROPE: MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
               TABLE 81 EUROPE: MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
               TABLE 82 EUROPE: MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2020–2025 (USD MILLION)
               TABLE 83 EUROPE: MICROENCAPSULATION MARKET SIZE, BY CORE MATERIAL, 2016–2019 (USD MILLION)
               TABLE 84 EUROPE: MICROENCAPSULATION MARKET SIZE, BY CORE MATERIAL, 2020–2025 (USD MILLION)
             10.4.1 GERMANY
                       10.4.1.1 Concentration of key players has fueled the market for microencapsulation in the country
                                   TABLE 85 GERMANY: MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                   TABLE 86 GERMANY: MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                   TABLE 87 GERMANY: MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                   TABLE 88 GERMANY: MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2020–2025 (USD MILLION)
             10.4.2 UK
                       10.4.2.1 Application of PCM and fragrances in the textile industry has been growing in the UK
                                   TABLE 89 UK: MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                   TABLE 90 UK: MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                   TABLE 91 UK: MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                   TABLE 92 UK: MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2020–2025 (USD MILLION)
             10.4.3 FRANCE
                       10.4.3.1 Nutraceutical application to be the fastest-growing market for microencapsulation in France
                                   TABLE 93 FRANCE: MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                   TABLE 94 FRANCE: MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                   TABLE 95 FRANCE: MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                   TABLE 96 FRANCE: MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2020–2025 (USD MILLION)
             10.4.4 REST OF EUROPE
                       10.4.4.1 Demand for dietary supplements and healthcare products to drive the microencapsulation market in Rest of Europe
                                   TABLE 97 REST OF EUROPE: MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                   TABLE 98 REST OF EUROPE: MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                   TABLE 99 REST OF EUROPE: MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                   TABLE 100 REST OF EUROPE: MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2020–2025 (USD MILLION)
     10.5 ASIA PACIFIC
               FIGURE 29 ASIA PACIFIC: MICROENCAPSULATION MARKET SNAPSHOT
               TABLE 101 ASIA PACIFIC: MICROENCAPSULATION MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
               TABLE 102 ASIA PACIFIC: MICROENCAPSULATION MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
               TABLE 103 ASIA PACIFIC: MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
               TABLE 104 ASIA PACIFIC: MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
               TABLE 105 ASIA PACIFIC: MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
               TABLE 106 ASIA PACIFIC: MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2020–2025 (USD MILLION)
               TABLE 107 ASIA PACIFIC: MICROENCAPSULATION MARKET SIZE, BY CORE MATERIAL, 2016–2019 (USD MILLION)
               TABLE 108 ASIA PACIFIC: MICROENCAPSULATION MARKET SIZE, BY CORE MATERIAL, 2020–2025 (USD MILLION)
             10.5.1 CHINA
                       10.5.1.1 Growing demand for agrochemicals and textiles to drive the market for microencapsulation in china
                                   TABLE 109 CHINA: MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                   TABLE 110 CHINA: MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                   TABLE 111 CHINA: MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                   TABLE 112 CHINA: MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2020–2025 (USD MILLION)
             10.5.2 JAPAN
                       10.5.2.1 Growing functional food industry to drive the microencapsulation market
                                   TABLE 113 JAPAN: MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                   TABLE 114 JAPAN: MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                   TABLE 115 JAPAN: MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                   TABLE 116 JAPAN: MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2020–2025 (USD MILLION)
             10.5.3 REST OF ASIA PACIFIC
                       10.5.3.1 The southeast Asian markets are projected to grow at a high rate in the next five years
                                   TABLE 117 REST OF ASIA PACIFIC: MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                   TABLE 118 REST OF ASIA PACIFIC: MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                   TABLE 119 REST OF ASIA PACIFIC: MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                   TABLE 120 REST OF ASIA PACIFIC: MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2020–2025 (USD MILLION)
     10.6 REST OF THE WORLD (ROW)
               TABLE 121 ROW: MICROENCAPSULATION MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
               TABLE 122 ROW: MICROENCAPSULATION MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
               TABLE 123 ROW: MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
               TABLE 124 ROW: MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
               TABLE 125 ROW: MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
               TABLE 126 ROW: MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2020–2025 (USD MILLION)
               TABLE 127 ROW: MICROENCAPSULATION MARKET SIZE, BY CORE MATERIAL, 2016–2019 (USD MILLION)
               TABLE 128 ROW: MICROENCAPSULATION MARKET SIZE, BY CORE MATERIAL, 2020–2025 (USD MILLION)
             10.6.1 SOUTH AMERICA
                       10.6.1.1 Consistent economic growth and development in the food & agro-industry is stimulating the demand for microencapsulation
                                   TABLE 129 SOUTH AMERICA: MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                   TABLE 130 SOUTH AMERICA: MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                   TABLE 131 SOUTH AMERICA: MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                   TABLE 132 SOUTH AMERICA: MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2020–2025 (USD MILLION)
             10.6.2 OTHERS IN ROW
                       10.6.2.1 Favorable government policies in the Middle East & Africa are boosting the demand
                                   TABLE 133 OTHERS IN ROW: MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                   TABLE 134 OTHERS IN ROW: MICROENCAPSULATION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                   TABLE 135 OTHERS IN ROW: MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                   TABLE 136 OTHERS IN ROW: MICROENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2020–2025 (USD MILLION)

11 COMPETITIVE LANDSCAPE (Page No. - 180)
     11.1 OVERVIEW
     11.2 COMPANIES MARKET SHARE ANALYSIS
               FIGURE 30 MICROENCAPSULATION: COMPANY RANKINGS & MARKET SHARE ANALYSIS, 2019
     11.3 MARKET EVALUATION FRAMEWORK
               FIGURE 31 MARKET EVALUATION FRAMEWORK, 2017–2020
     11.4 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS
               FIGURE 32 REVENUE ANALYSIS OF TOP FOUR MARKET PLAYERS, 2015–2019
     11.5 COMPANY EVALUATION MATRIX: DEFINITIONS & METHODOLOGY
             11.5.1 STAR
             11.5.2 EMERGING LEADERS
             11.5.3 PERVASIVE
             11.5.4 EMERGING COMPANIES
                       FIGURE 33 GLOBAL MICROENCAPSULATION MARKET COMPANY EVALUATION MATRIX, 2019 (OVERALL MARKET)
                       FIGURE 34 KEY DEVELOPMENTS OF THE LEADING PLAYERS IN THE MICROENCAPSULATION MARKET, 2017–2020
     11.6 COMPETITIVE LEADERSHIP MAPPING (START-UP/SME)
             11.6.1 PROGRESSIVE COMPANIES
             11.6.2 STARTING BLOCKS
             11.6.3 RESPONSIVE COMPANIES
             11.6.4 DYNAMIC COMPANIES
                       FIGURE 35 MICROENCAPSULATION MARKET COMPETITIVE LEADERSHIP MAPPING FOR START-UPS/SMES, 2019
     11.7 COMPETITIVE SCENARIO
             11.7.1 PRODUCT LAUNCHES
                       TABLE 137 NEW SERVICE, TECHNOLOGY, AND PRODUCT LAUNCHES, 2016-2018
             11.7.2 EXPANSIONS & INVESTMENTS
                       TABLE 138 EXPANSIONS & INVESTMENTS, 2018-2019
             11.7.3 ACQUISITIONS
                       TABLE 139 ACQUISITIONS, 2018 - 2019
             11.7.4 AGREEMENTS, COLLABORATIONS, PARTNERSHIPS, AND JOINT VENTURES
                       TABLE 140 AGREEMENTS, COLLABORATIONS, PARTNERSHIPS, AND JOINT VENTURES, 2017 - 2019
     11.8 COVID-19 SPECIFIC COMPANY RESPONSE

12 COMPANY PROFILES (Page No. - 191)
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
     12.1 BASF
               FIGURE 36 BASF: COMPANY SNAPSHOT
               FIGURE 37 BASF: SWOT ANALYSIS
     12.2 ROYAL FRIESLANDCAMPINA
               FIGURE 38 ROYAL FRIESLANDCAMPINA: COMPANY SNAPSHOT
               FIGURE 39 ROYAL FRIESLANDCAMPINA: SWOT ANALYSIS
     12.3 KONINKLIJKE DSM
               FIGURE 40 KONINKLIJKE DSM: COMPANY SNAPSHOT
               FIGURE 41 KONINKLIJKE DSM: SWOT ANALYSIS
     12.4 GIVAUDAN
               FIGURE 42 GIVAUDAN: COMPANY SNAPSHOT
               FIGURE 43 GIVAUDAN: SWOT ANALYSIS
     12.5 INTERNATIONAL FLAVORS & FRAGRANCES
               FIGURE 44 INTERNATIONAL FLAVORS & FRAGRANCES: COMPANY SNAPSHOT
               FIGURE 45 SWOT ANALYSIS
     12.6 SENSIENT TECHNOLOGIES
               FIGURE 46 SENSIENT TECHNOLOGIES: COMPANY SNAPSHOT
     12.7 BALCHEM CORPORATION
               FIGURE 47 BALCHEM CORPORATION: COMPANY SNAPSHOT
     12.8 INGREDION INCORPORATED
               FIGURE 48 INGREDION INCORPORATED: COMPANY SNAPSHOT
     12.9 KERRY
               FIGURE 49 KERRY GROUP: COMPANY SNAPSHOT
     12.10 CARGILL
               FIGURE 50 CARGILL: COMPANY SNAPSHOT
     12.11 DUPONT
                       FIGURE 51 DUPONT: COMPANY SNAPSHOT
     12.12 SYNGENTA CROP PROTECTION
                       FIGURE 52 SYNGENTA CROP PROTECTION: COMPANY SNAPSHOT
     12.13 SYMRISE
                       FIGURE 53 SYMRISE: COMPANY SNAPSHOT
     12.14 FIRMENICH INCORPORATED
                       FIGURE 54 FIRMENICH INCORPORATED: COMPANY SNAPSHOT
     12.15 LYCORED CORP.
     12.16 KOEHLER INNOVATIVE SOLUTIONS
     12.17 AVEKA GROUP
     12.18 TASTETECH ENCAPSULATION SOLUTIONS
     12.19 ARCADE BEAUTY
     12.20 ADVANCED BIONUTRITION CORP
     12.21 SPHERA ENCAPSULATION
     12.22 CLEXTRAL
     12.23 MICROTEK
     12.24 VITASQUARE

*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.

13 ADJACENT & RELATED MARKETS (Page No. - 240)
     13.1 INTRODUCTION
     13.2 LIMITATIONS
     13.3 FOOD ENCAPSULATION MARKET
             13.3.1 MARKET DEFINITION
             13.3.2 MARKET OVERVIEW
     13.4 FOOD ENCAPSULATION MARKET, BY CORE PHASE
             13.4.1 INTRODUCTION
                       TABLE 141 FOOD ENCAPSULATION MARKET SIZE, BY CORE PHASE, 2018–2025 (USD MILLION)
     13.5 FOOD ENCAPSULATION MARKET, BY REGION
             13.5.1 NORTH AMERICA
                       TABLE 142 NORTH AMERICA: FOOD ENCAPSULATION MARKET SIZE, BY CORE PHASE, 2018–2025 (USD MILLION)
                       TABLE 143 NORTH AMERICA: FOOD ENCAPSULATION MARKET SIZE, BY SHELL MATERIAL, 2018–2025 (USD MILLION)
                       TABLE 144 NORTH AMERICA: FOOD ENCAPSULATION MARKET SIZE, BY METHOD, 2018–2025 (USD MILLION)
                       TABLE 145 NORTH AMERICA: FOOD ENCAPSULATION MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
                       TABLE 146 NORTH AMERICA: FOOD ENCAPSULATION MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
             13.5.2 EUROPE
                       TABLE 147 EUROPE FOOD ENCAPSULATION MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
                       TABLE 148 EUROPE: FOOD ENCAPSULATION MARKET SIZE, BY CORE PHASE, 2018–2025 (USD MILLION))
                       TABLE 149 EUROPE: FOOD ENCAPSULATION MARKET SIZE, BY SHELL MATERIAL, 2018–2025 (USD MILLION)
                       TABLE 150 EUROPE: FOOD ENCAPSULATION MARKET SIZE, BY METHOD, 2018–2025 (USD MILLION)
                       TABLE 151 EUROPE: FOOD ENCAPSULATION MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
             13.5.3 ASIA PACIFIC
                       TABLE 152 ASIA PACIFIC: FOOD ENCAPSULATION MARKET SIZE, BY CORE PHASE, 2018–2025 (USD MILLION))
                       TABLE 153 ASIA PACIFIC: FOOD ENCAPSULATION MARKET SIZE, BY SHELL MATERIAL, 2018–2025 (USD MILLION)
                       TABLE 154 ASIA PACIFIC: FOOD ENCAPSULATION MARKET SIZE, BY METHOD, 2018–2025 (USD MILLION)
                       TABLE 155 ASIA PACIFIC: FOOD ENCAPSULATION MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
                       TABLE 156 ASIA PACIFIC: FOOD ENCAPSULATION MARKET SIZE, BY COUNTRY/REGION, 2018–2025 (USD MILLION)
             13.5.4 SOUTH AMERICA
                       TABLE 157 SOUTH AMERICA: FOOD ENCAPSULATION MARKET SIZE, BY CORE PHASE, 2018–2025 (USD MILLION)
                       TABLE 158 SOUTH AMERICA: FOOD ENCAPSULATION MARKET SIZE, BY SHELL MATERIAL, 2018–2025 (USD MILLION)
                       TABLE 159 SOUTH AMERICA: FOOD ENCAPSULATION MARKET SIZE, BY METHOD, 2018–2025 (USD MILLION)
                       TABLE 160 SOUTH AMERICA: FOOD ENCAPSULATION MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
                       TABLE 161 SOUTH AMERICA: FOOD ENCAPSULATION MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
             13.5.5 REST OF THE WORLD (ROW)
                       TABLE 162 ROW: FOOD ENCAPSULATION MARKET SIZE, BY CORE PHASE, 2018–2025 (USD MILLION)
                       TABLE 163 ROW: FOOD ENCAPSULATION MARKET SIZE, BY SHELL MATERIAL, 2018–2025 (USD MILLION)
                       TABLE 164 ROW: FOOD ENCAPSULATION MARKET SIZE, BY METHOD, 2018–2025 (USD MILLION)
                       TABLE 165 ROW: FOOD ENCAPSULATION MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
                       TABLE 166 ROW: FOOD ENCAPSULATION MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
     13.6 MICROCAPSULE MARKET
             13.6.1 LIMITATIONS
             13.6.2 MARKET DEFINITION
             13.6.3 MARKET OVERVIEW
             13.6.4 MICROCAPSULES MARKET SIZE, BY TECHNOLOGY
                       TABLE 167 MICROCAPSULE MARKET SIZE, BY TECHNOLOGY, 2018–2025 (USD MILLION)
             13.6.5 MICROCAPSULE MARKET, BY REGION
                       TABLE 168 MICROCAPSULE MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                       13.6.5.1 NORTH AMERICA
                       TABLE 169 NORTH AMERICA: FOOD ENCAPSULATION MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
                       13.6.5.2 Europe
                       TABLE 170 EUROPE: MICROCAPSULE MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
                       TABLE 171 EUROPE: MICROCAPSULE MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
                       TABLE 172 EUROPE: MICROCAPSULE MARKET SIZE, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                       TABLE 173 EUROPE: MICROCAPSULE MARKET SIZE, BY CORE MATERIAL, 2018–2025 (USD MILLION)
                       TABLE 174 EUROPE: MICROCAPSULE MARKET SIZE, BY SHELL MATERIAL, 2018–2025 (USD MILLION)
                       TABLE 175 EUROPE: MICROCAPSULE MARKET SIZE, BY NON-MELAMINE SHELL MATERIAL, 2018–2025 (USD MILLION)
                       13.6.5.3 Asia Pacific
                                   TABLE 176 ASIA PACIFIC: MICROCAPSULE MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
                                   TABLE 177 ASIA PACIFIC: MICROCAPSULE MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
                                   TABLE 178 ASIA PACIFIC: MICROCAPSULE MARKET SIZE, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                                   TABLE 179 ASIA PACIFIC: MICROCAPSULE MARKET SIZE, BY CORE MATERIAL, 2018–2025 (USD MILLION)
                                   TABLE 180 ASIA PACIFIC: MICROCAPSULE MARKET SIZE, BY SHELL MATERIAL, 2018–2025 (USD MILLION)
                                   TABLE 181 ASIA PACIFIC: MICROCAPSULE MARKET SIZE, BY NON-MELAMINE SHELL MATERIAL, 2018–2025 (USD MILLION)
                       13.6.5.4 South America
                                   TABLE 182 SOUTH AMERICA: MICROCAPSULE MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
                                   TABLE 183 SOUTH AMERICA: MICROCAPSULE MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
                                   TABLE 184 SOUTH AMERICA: MICROCAPSULE MARKET SIZE, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                                   TABLE 185 SOUTH AMERICA: MICROCAPSULE MARKET SIZE, BY CORE MATERIAL, 2018–2025 (USD MILLION)
                                   TABLE 186 SOUTH AMERICA: MICROCAPSULE MARKET SIZE, BY SHELL MATERIAL, 2018–2025 (USD MILLION)
                                   TABLE 187 SOUTH AMERICA: MICROCAPSULE MARKET SIZE, BY NON-MELAMINE SHELL MATERIAL, 2018–2025 (USD MILLION)
                       13.6.5.5 Middle East & Africa
                                   TABLE 188 MIDDLE EAST & AFRICA: MICROCAPSULE MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
                                   TABLE 189 MIDDLE EAST & AFRICA: MICROCAPSULE MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
                                   TABLE 190 MIDDLE EAST & AFRICA: MICROCAPSULE MARKET SIZE, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                                   TABLE 191 MIDDLE EAST & AFRICA: MICROCAPSULE MARKET SIZE, BY CORE MATERIAL, 2018–2025 (USD MILLION)
                                   TABLE 192 MIDDLE EAST & AFRICA: MICROCAPSULE MARKET SIZE, BY SHELL MATERIAL, 2018–2025 (USD MILLION)
                                   TABLE 193 MIDDLE EAST & AFRICA: MICROCAPSULE MARKET SIZE, BY NON-MELAMINE SHELL MATERIAL, 2018–2025 (USD MILLION)

14 APPENDIX (Page No. - 272)
     14.1 DISCUSSION GUIDE
     14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.3 AVAILABLE CUSTOMIZATIONS
     14.4 RELATED REPORTS
     14.5 AUTHOR DETAILS

The study involves four major activities to estimate the current size of microencapsulation market. 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:

Breakdown of primary interviews

Microencapsulation Market Size

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

*Others include sales managers, marketing managers, and product managers.

**Rest of the World includes South America, the Middle East, and Africa.

Note: The 3 tiers of the companies are defined on the basis of their total revenues as of 2016.

Tier 1: Revenue > USD 1 Billion, Tier 2: USD 500 million < Revenue < USD 1 Billion, and Tier 3: Revenue < USD 500 Million

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 nine-year period, ranging from 2020 to 2025
  • 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
COVID-19

Get in-depth analysis of the COVID-19 impact on the Microencapsulation Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Microencapsulation Market

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Report Code
FB 5546
Published ON
Sep, 2020
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