Microencapsulation Global Market Report 2024

Description

“Microencapsulation Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on microencapsulation market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for microencapsulation? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The microencapsulation market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Material: Agricultural Inputs; Food Additives; Pharmaceutical And Healthcare Drugs; Fragrances; Phase Change Material; Other Core Materials
2) By Shell Material: Polymers; Gums And Resins; Lipids; Carbohydrates; Protein
3) By Technology: Spray Technology; Dripping Technology; Emulsion Technology; Other Technologies
4) By Application: Pharmaceutical And Healthcare Products; Food And Beverages; Household And Personal Care Products; Agrochemicals; Construction Material; Textiles; Other Applications
Companies Mentioned: BASF SE; Balchem Corp.; Encapsys LLC; AVEKA Group; Givaudan SA
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Microencapsulation is a technology that encapsulates solid, liquid, or gaseous materials into microparticles with diameters ranging from 1 to 1000 µm, employing either polymeric or non-polymeric materials to shield the contents from processing conditions and enable controlled release under specific conditions. This technique is employed to preserve and distribute functional constituents across various industries.

The primary materials involved in microencapsulation include agricultural inputs, food additives, pharmaceutical and healthcare drugs, fragrances, phase change materials, and others. Agricultural inputs encompass the supplies and tools required in agricultural production, comprising energy, seeds, fertilizers, and pesticides. Various shell materials are employed, such as polymers, gums and resins, lipids, carbohydrates, and proteins, utilizing techniques such as spray technology, dripping technology, emulsion technology, among others. Microencapsulation is applied in pharmaceutical and healthcare products, food and beverages, household and personal care products, agrochemicals, construction materials, textiles, and other industries.

The microencapsulation market research report is one of a series of new reports from The Business Research Company that provides microencapsulation market statistics, including microencapsulation industry global market size, regional shares, competitors with an microencapsulation market share, detailed microencapsulation market segments, market trends and opportunities, and any further data you may need to thrive in the microencapsulation industry. This microencapsulation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The microencapsulation market size has grown rapidly in recent years. It will grow from $10.47 billion in 2023 to $11.74 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The expansion observed in the historical period can be attributed to the demand from the pharmaceutical industry, application in the food and beverage industry, utilization in the agricultural sector for crop protection, growth in the fragrance industry, and increased usage in agrochemicals.

The microencapsulation market size is expected to see rapid growth in the next few years. It will grow to $17.69 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%. The anticipated growth in the forecast period can be ascribed to the expansion in the nutraceuticals industry, the broadening applications in functional foods, the increasing adoption in textile innovations, growing interest in controlled-release agrochemicals, and the application in self-healing materials. Notable trends expected in the forecast period include technological integration in personal care, customized encapsulation for cosmeceuticals, application in 3D printing, collaborations for cross-industry applications, and innovation in encapsulated agricultural inputs.

The microencapsulation market is expected to experience growth driven by the increasing consumer demand for functional food. Functional foods, defined as processed foods offering health advantages and illness risk reduction, are improved through the microencapsulation process. This method involves coating functional ingredients with food-grade and biodegradable materials, safeguarding them from degradation and enhancing their bioavailability and stability. It addresses challenges associated with certain ingredients in food fortification, such as phytosterols. Changing consumer preferences have further boosted the demand for functional foods, with the processed food and drink industry turnover growing from $130 billion in 2020 to $139 billion in 2021, as reported by the Food and Drink Federation. This industry represents 20% of the total UK manufacturing, emphasizing the impact of rising consumer demand on the microencapsulation market.

The growth of the microencapsulation market is also expected to be fueled by the cosmetics industry. This sector, encompassing the production and sale of beauty and personal care products, utilizes microencapsulation for controlled release of active ingredients, enhancing stability and effectiveness in skincare and personal care items. For example, the cosmetic market in Canada achieved revenue of around USD 1.24 billion in 2021, with an anticipated annual growth rate of 1.45%, reaching an estimated USD 1.8 billion by 2024. This growth in the cosmetics industry is a significant driver for the microencapsulation market.

Leading companies in the microencapsulation market are actively pursuing advanced technologies, such as Natural microencapsulation technology, to cater to the demand for sustainable fragrance in cosmetics. This technology involves encapsulating active ingredients, such as fragrances or nutrients, within natural matrices. Sozio, a fragrance creation firm based in France, introduced Cosmocaps in November 2021, employing natural microencapsulation technology to encapsulate perfume in a vegetable matrix composed of natural waxes. This certified 100% natural and COSMOS certified technology offers controlled release and continuous diffusion of fragrance on the skin, providing nourishing emollient properties to formulations. Cosmocaps are versatile and suitable for various cosmetic bases, including rinse-off or leave-on formats and natural bases.

Major companies in the microencapsulation market are also focusing on the development of cutting-edge platforms, such as nutrient technology platforms, to address diverse challenges and demands in the nutritional products market. A nutrient technology platform integrates advanced technologies and solutions to enhance the overall performance of nutritional products. Glanbia Nutritionals, a US-based ingredient and service solution provider, launched TechVantage in June 2022, offering stability enhancements, flavor/color masking, and solubility/flowability improvements. This platform addresses challenges in optimizing color, taste, stability, dispersibility, and bioavailability across various categories, including vitamins, minerals, botanicals, and amino acids. It provides significant improvements in manufacturing tablets, chewables, effervescents, gummies, powder drink mixes, and beverages.

In October 2021, Milliken & Company, a US-based industrial producer, acquired Encapsys LLC, a US-based chemical firm specializing in microencapsulation products and unique solutions. This acquisition adds creativity, science, and technology to Milliken's portfolio, expanding its range of specialty chemicals with global reach and accelerating sustainable solutions for various markets, including home care, personal care, agriculture, and textiles.

Major companies operating in the microencapsulation market report are BASF SE, Balchem Corp., Encapsys LLC, AVEKA Group, Givaudan SA, International Flavors & Fragrances Inc., Symrise AG, Capsulae Corp., Reed Pacific Pty Ltd., Microtek Laboratories Inc., TasteTech Ltd., GAT Microencapsulation GmbH, Bayer AG, Royal FrieslandCampina NV, Koninklijke DSM NV, Syngenta AG, Ronald T. Dodge Co., MikroCaps d.o.o, Firmenich Incorporated, Evonik Industries AG, Southern Research Co. Inc., Glatt Air Techniques Inc., Butler University, LycoRed Group, 3M company, Cargill Inc., Ingredion corporation, Watson Inc., CoreRx Inc., Aphios Corporation

North America was the largest region in the encapsulation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global microencapsulation market during the forecast period. The regions covered in the microencapsulation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the microencapsulation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The microencapsulation market consists of revenues earned by entities by providing chemical, physicochemical, and coatings technologies. The market value includes the value of related goods sold by the service provider or included within the service offering. The microencapsulation market also includes sales of polymeric or nonpolymeric materials such as cellulose, ethylene glycol, gelatin, collagen, fibrin, and polyphosphazene which are used in microencapsulation. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11917

1. Executive Summary

2. Microencapsulation Market Characteristics

3. Microencapsulation Market Trends And Strategies

4. Microencapsulation Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Microencapsulation Market Size and Growth

5.1. Global Microencapsulation Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Microencapsulation Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Microencapsulation Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Microencapsulation Market Segmentation

6.1. Global Microencapsulation Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Agricultural Inputs
Food Additives
Pharmaceutical And Healthcare Drugs
Fragrances
Phase Change Material
Other Core Materials
6.2. Global Microencapsulation Market, Segmentation By Shell Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Polymers
Gums And Resins
Lipids
Carbohydrates
Protein
6.3. Global Microencapsulation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Spray Technology
Dripping Technology
Emulsion Technology
Other Technologies
6.4. Global Microencapsulation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Pharmaceutical And Healthcare Products
Food And Beverages
Household And Personal Care Products
Agrochemicals
Construction Material
Textiles
Other Applications

7. Microencapsulation Market Regional And Country Analysis

7.1. Global Microencapsulation Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Microencapsulation Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Microencapsulation Market

8.1. Asia-Pacific Microencapsulation Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Microencapsulation Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Microencapsulation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Microencapsulation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Microencapsulation Market

9.1. China Microencapsulation Market Overview
9.2. China Microencapsulation Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Microencapsulation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Microencapsulation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Microencapsulation Market

10.1. India Microencapsulation Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Microencapsulation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Microencapsulation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Microencapsulation Market

11.1. Japan Microencapsulation Market Overview
11.2. Japan Microencapsulation Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Microencapsulation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Microencapsulation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Microencapsulation Market

12.1. Australia Microencapsulation Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Microencapsulation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Microencapsulation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Microencapsulation Market

13.1. Indonesia Microencapsulation Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Microencapsulation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Microencapsulation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Microencapsulation Market

14.1. South Korea Microencapsulation Market Overview
14.2. South Korea Microencapsulation Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Microencapsulation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Microencapsulation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Microencapsulation Market

15.1. Western Europe Microencapsulation Market Overview
15.2. Western Europe Microencapsulation Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Microencapsulation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Microencapsulation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Microencapsulation Market

16.1. UK Microencapsulation Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Microencapsulation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Microencapsulation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Microencapsulation Market

17.1. Germany Microencapsulation Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Microencapsulation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Microencapsulation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Microencapsulation Market

18.1. France Microencapsulation Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Microencapsulation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Microencapsulation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Microencapsulation Market

19.1. Italy Microencapsulation Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Microencapsulation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Microencapsulation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Microencapsulation Market

20.1. Spain Microencapsulation Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Microencapsulation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Microencapsulation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Microencapsulation Market

21.1. Eastern Europe Microencapsulation Market Overview
21.2. Eastern Europe Microencapsulation Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Microencapsulation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Microencapsulation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Microencapsulation Market

22.1. Russia Microencapsulation Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Microencapsulation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Microencapsulation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Microencapsulation Market

23.1. North America Microencapsulation Market Overview
23.2. North America Microencapsulation Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Microencapsulation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Microencapsulation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Microencapsulation Market

24.1. USA Microencapsulation Market Overview
24.2. USA Microencapsulation Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Microencapsulation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Microencapsulation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Microencapsulation Market

25.1. Canada Microencapsulation Market Overview
25.2. Canada Microencapsulation Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Microencapsulation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Microencapsulation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Microencapsulation Market

26.1. South America Microencapsulation Market Overview
26.2. South America Microencapsulation Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Microencapsulation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Microencapsulation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Microencapsulation Market

27.1. Brazil Microencapsulation Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Microencapsulation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Microencapsulation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Microencapsulation Market

28.1. Middle East Microencapsulation Market Overview
28.2. Middle East Microencapsulation Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Microencapsulation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Microencapsulation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Microencapsulation Market

29.1. Africa Microencapsulation Market Overview
29.2. Africa Microencapsulation Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Microencapsulation Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Microencapsulation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Microencapsulation Market Competitive Landscape And Company Profiles

30.1. Microencapsulation Market Competitive Landscape
30.2. Microencapsulation Market Company Profiles
- 30.2.1. BASF SE
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Balchem Corp.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Encapsys LLC
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. AVEKA Group
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Givaudan SA
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Microencapsulation Market Competitive Benchmarking

32. Global Microencapsulation Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Microencapsulation Market

34. Microencapsulation Market Future Outlook and Potential Analysis

34.1 Microencapsulation Market In 2028 - Countries Offering Most New Opportunities
34.2 Microencapsulation Market In 2028 - Segments Offering Most New Opportunities
34.3 Microencapsulation Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer