PUBLISHER: Polaris Market Research | PRODUCT CODE: 1478620
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1478620
North America Microencapsulation Market Share, Size, Trends, Industry Analysis Report, By Technology (Coating, Emulsion, Spray Technologies, Dripping, and Others); By Application; By Country; Segment Forecast, 2024- 2032
The North America microencapsulation market size is expected to reach USD 12.23 billion by 2032, according to a new study by Polaris Market Research. The report "North America Microencapsulation Market Share, Size, Trends, Industry Analysis Report, By Technology (Coating, Emulsion, Spray Technologies, Dripping, and Others); By Application; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Rising usage of microencapsulation in the pharma and healthcare industry for targeted drug delivery and controlled release of active compounds and demand from the food & beverage industry to enhance the flavor, aroma, and texture of products are prominent factors driving the market growth. Rising focus of companies towards the development of new microencapsulated products for different applications and investing in research & development activities to expand applications across different industries, including cosmetics & personal care, and agrochemicals, further contributing to the market's growth.
Furthermore, it has been studied that functional ingredients bring multiple benefits to humans, but they are highly sensitive to oxidative degradation during manufacturing or storage and have poor stability of chemicals. Thereby, companies are developing microcapsules by encapsulating the active ingredients in a matrix with the aim of enhancing the stability and bioavailability of active ingredients, which, in turn, generates lucrative growth opportunities for the market.
Researchers are extensively focusing on exploring the potential of microencapsulation for environmental applications like remediation of contaminated soil & water and controlled release of nutrients in sustainable agriculture practices. Apart from this, microencapsulation technologies have been gaining huge traction in the agriculture sector for the controlled release of fertilizers, seed treatments, and crop protection products that improve crop efficiency and crop yields, resulting in greater adoption of microencapsulation in agriculture practices.
Companies are increasingly focusing on the development of sustainable and biodegradable encapsulation materials like polysaccharides, lipids, and proteins that reduce environmental impact and improve the appeal of microencapsulation, especially in sustainable industries. Additionally, the rapid advances in microencapsulation have further expanded the range of bioactive compounds that can be easily encapsulated, including antioxidants, enzymes, probiotics, nucleic acids, and vitamins, that enable the development of different types of functional food, pharmaceutical formulations, and dietary supplements.
North America Microencapsulation Market Report Highlights
In 2023, the spray technologies segment accounted for the largest share, which is attributed to characteristics including process simplicity, high production capacity, and cost efficiency.
The food and beverage segment is expected to witness the highest CAGR growth during the forecast period on account of the growing consumption of functional food and beverage products offering health benefits.
In 2023, the U.S. dominated the largest market share, owing to the robust presence of major pharmaceutical companies and awareness among people about health & wellness.
The key market players include AnaBio Technologies, Ashland Global Holdings Inc., Aveka Group, Balchem Corporation, BASF SE, BUCHI, Encapsys LLC, and more.
Polaris Market Research has segmented the North America microencapsulation market report based on technology, application, and region:
North America Microencapsulation, Technology Outlook (Revenue - USD Billion, 2019 - 2032)
- Coating
- Emulsion
- Spray Technologies
- Dripping
- Others
North America Microencapsulation, Application Outlook (Revenue - USD Billion, 2019 - 2032)
- Pharmaceutical & Healthcare Products
- Home & Personal Care
- Food & Beverage
- Agrochemicals
- Construction
- Textile
- Others
North America Microencapsulation, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. North America Microencapsulation Market Insights
- 4.1. North America Microencapsulation Market - Industry Snapshot
- 4.2. North America Microencapsulation Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Growing demand for fortified food & pharmaceutical products to drive market growth
- 4.2.1.2. Advancements in microencapsulation technology to boost market growt
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Complexity of microencapsulation process and availability of alternatives to hinder growth
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. North America Microencapsulation Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. North America Microencapsulation Market, by Application
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. North America Microencapsulation, by Application, 2019-2032 (USD Billion)
- 5.3. Pharmaceutical and Healthcare Products
- 5.3.1. North America Microencapsulation Market, by Pharmaceutical and Healthcare Products, 2019-2032 (USD Billion)
- 5.4. Home & personal Care
- 5.4.1. North America Microencapsulation Market, by Home & personal Care, 2019-2032 (USD Billion)
- 5.5. Food & Beverage
- 5.5.1. North America Microencapsulation Market, by Food & Beverage, 2019-2032 (USD Billion)
- 5.6. Agrochemicals
- 5.6.1. North America Microencapsulation Market, by Agrochemicals, 2019-2032 (USD Billion)
- 5.7. Construction
- 5.7.1. North America Microencapsulation Market, by Construction, 2019-2032 (USD Billion)
- 5.8. Textile
- 5.8.1. North America Microencapsulation Market, by Textile, 2019-2032 (USD Billion)
- 5.9. Others
- 5.9.1. North America Microencapsulation Market, by Others, 2019-2032 (USD Billion)
6. North America Microencapsulation Market, by Technology
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. North America Microencapsulation Market, by Technology, 2019-2032 (USD Billion)
- 6.3. Coating
- 6.3.1. North America Microencapsulation Market, by Coating, 2019-2032 (USD Billion)
- 6.4. Emulsion
- 6.4.1. North America Microencapsulation Market, by Emulsion, 2019-2032 (USD Billion)
- 6.5. Spray Technologies
- 6.5.1. North America Microencapsulation Market, by Spray Technologies, 2019-2032 (USD Billion)
- 6.6. Dripping
- 6.6.1. North America Microencapsulation Market, by Dripping, 2019-2032 (USD Billion)
- 6.7. Others
- 6.7.1. North America Microencapsulation Market, by Others, 2019-2032 (USD Billion)
7. North America Microencapsulation Market, by Countries
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. North America Microencapsulation Market Assessment, By Countries, 2019-2032 (USD Billion)
- 7.2.2. North America Microencapsulation Market - U.S
- 7.2.2.1. U.S: North America Microencapsulation Market, by Technology, 2019-2032 (USD Billion)
- 7.2.2.2. U.S: North America Microencapsulation Market, by Application, 2019-2032 (USD Billion)
- 7.2.3. North America Microencapsulation Market - Canada
- 7.2.3.1. Canada.: North America Microencapsulation Market, by Technology, 2019-2032 (USD Billion)
- 7.2.3.2. Canada.: North America Microencapsulation Market, by Application, 2019-2032 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. AnaBio Technologies.
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Application Benchmarking
- 9.1.4. Recent Development
- 9.2. Ashland Global Holdings Inc
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Application Benchmarking
- 9.2.4. Recent Development
- 9.3. Aveka Group
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Application Benchmarking
- 9.3.4. Recent Development
- 9.4. Balchem Corporation
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Application Benchmarking
- 9.4.4. Recent Development
- 9.5. BASF SE
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Application Benchmarking
- 9.5.4. Recent Development
- 9.6. BUCHI
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Application Benchmarking
- 9.6.4. Recent Development
- 9.7. Encapsys LLC
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Application Benchmarking
- 9.7.4. Recent Development
- 9.8. Lipo Technologies
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Application Benchmarking
- 9.8.4. Recent Development
- 9.9. Microtek Laboratories Inc.
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Application Benchmarking
- 9.9.4. Recent Development
- 9.10. Reed Pacific
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Application Benchmarking
- 9.10.4. Recent Development
List of Tables
- Table 1 North America Microencapsulation Market, by Technology, 2019-2032 (USD Billion)
- Table 2 North America Microencapsulation Market, by Application, 2019-2032 (USD Billion)
- Table 3 North America Microencapsulation Market Assessment, By Countries, 2019-2032 (USD Billion)
- Table 4 U.S: North America Microencapsulation Market, by Technology, 2019-2032 (USD Billion)
- Table 5 U.S: North America Microencapsulation Market, by Application, 2019-2032 (USD Billion)
- Table 6 Canada.: North America Microencapsulation Market, by Technology, 2019-2032 (USD Billion)
- Table 7 Canada.: North America Microencapsulation Market, by Application, 2019-2032 (USD Billion)
List of Figures
- Figure 1 North America Microencapsulation Market, 2019-2032 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Countries
- Figure 5 Porter's Five Forces
- Figure 6 Market by Technology
- Figure 7 North America Microencapsulation Market, by Technology, 2022 & 2032 (USD Billion)
- Figure 8 Market by Application
- Figure 9 North America Microencapsulation Market, by Application, 2022 & 2032 (USD Billion)
- Figure 10 North America Microencapsulation Market Assessment, By Countries, 2019-2032 (USD Billion)
- Figure 11 Strategic Analysis - North America Microencapsulation Market
