The global microencapsulation market was valued at USD 6,476.8 million in 2018 and is expected to reach USD 14,475.7 million in 2026, growing at a CAGR of 10.6% during the forecast period.
Microencapsulation is a kind of procedure to protect tiny particles or droplets by a coating material such as polyvinyl alcohol, gelatin, and ethyl cellulose. The microencapsulation is primarily used for food ingredients, enzymes, cells or other materials on a micrometric scale. Moreover, it used to enclose or cover solid, liquid, and gas inside a micrometric wall made of hard or soft soluble film. The microencapsulation is used to reduce dosing frequency and prevent the degradation of pharmaceuticals.
Microencapsulation Market Segmentation |
|
| By Technology | 1. Emulsion |
| 2. Spray | |
| 3. Dripping | |
| 4. Others | |
| By Coating Material | 1. Polyvinyl Alcohol |
| 2. Gelatin | |
| 3. Ethyl Cellulose | |
| 4. Others | |
| By Application | 1. Pharmaceutical |
| 2. Home & Personal Care | |
| 3. Food & Beverages | |
| 4. Agrochemicals | |
| 5. Others | |
| By Region | 1. North America (US and Canada) |
| 2. Europe (UK, Germany, France and Rest of Europe) | |
| 3. Asia Pacific (China, Japan, India and Rest of Asia Pacific) | |
| 4. Latin America (Brazil, Mexico and Rest of Latin America) | |
| 5. Middle East & Africa (GCC and Rest of Middle East & Africa) | |
Increase in demand for fortified food products with health benefits increased R&D activities for process efficiency, and rise in the development of the pharmaceuticals industry are the main drivers for the global market growth of microencapsulation. Moreover, the increase in the development of advanced technologies across the end-use industries and government support and rising economy in developing countries is expected to create opportunities in the market for the manufacturers during the forecast period. However, the high cost associated with the manufacturing process is expected to restrain the growth of the microencapsulation in the global market. It is expected that the increase in the R&D activities will results in lower the cost of the association in the entire supply chain.
The spray segment expected to dominate the market throughout the forecast period
Based on technologies, the global microencapsulation market has been segmented into the emulsion, spray, dripping, and others. The spray segment accounted for more than 25% of the share in the global microencapsulation market in 2018.
While emulsion accounted highest CAGR of around 13.5% in the global microencapsulation market during the forecast period owing to rising demand for encapsulating essential oils to protect its flavors and fragrances in the end-use applications such as pharmaceutical and home & personal care.
Based on coating material, the gelatin segment is expected to grow at a CAGR of around 14% throughout the forecast period
Based on coating material, the market has been segmented into polyvinyl alcohol, gelatin, ethylcellulose, and others. The polyvinyl alcohol coating material segment accounts of the largest share in terms of value in the global microencapsulation market in 2018.
While the gelatin coating material segment is expected to hold the CAGR of nearly 14% during the forecast period owing to its finds extensive application in the pharmaceutical, food, and agriculture industries.
Based on application, the pharmaceutical segment is expected to dominant the market during the forecast period
Based on application, the market has been segmented into pharmaceutical, home & personal care, food & beverages, agrochemicals, and others. The pharmaceutical application segment accounts of the largest share in the global microencapsulation market in 2018. The major factors that are driving the growth of this segment are the benefits offered by the technique like particle size reduction to enhance the solubility of the poorly soluble drugs, sustained drug delivery, and cell encapsulation. This expected to widely enhance the growth in the global market and also accounted for the highest CAGR of around 14.5% during the forecast period in the global microencapsulation market.
Europe to dominate the microencapsulation market throughout the forecast period
Europe accounted for nearly 31% share of the global microencapsulation market in 2018 and is expected to dominate the throughout the market forecast period owing to the developed pharmaceutical industry and increase investment from the government and domestic leading manufacturers.
Asia-Pacific is expected to hold the highest CAGR in the global market during the forecast period. The manufacturers are investing in regional countries to meet the demand for the product. The rapid growth in the urbanization and liberalization of foreign direct investment in the pharmaceutical sector are the major driving factor for the region in the global market. The increasing demand for nutritional & healthy products and diversification in the pharmaceutical industry are expected to enhance the market growth in the global microencapsulation market during the forecast.
Company Profiles and Competitive Intelligence:
The major players operating in the global microencapsulation market are BASF SE (Germany), Royal FrieslandCampina N.V. (Netherlands), Syngenta Crop Protection (Switzerland), Koninklijke DSM (Netherlands), Givaudan (Switzerland), Firmenich (Switzerland), Sensient Technologies (US), Lycored Corp. (UK), Balchem Corporation (US), and Koehler Innovative Solutions (Germany).
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TABLE OF CONTENT
Chapter 1 Executive Summary
1.1. Market Summary
1.1.1. Global Microencapsulation Market, 2016-2026, (USD Million)
1.2. Market Snapshot: Global Microencapsulation Market
1.3. Market Dynamics
1.4. Global Microencapsulation Market, by Segment, 2018
1.4.1. Global Microencapsulation Market, by Technology, 2018, (USD Million)
1.4.2. Global Microencapsulation Market, by Coating Material, 2018, (USD Million)
1.4.3. Global Microencapsulation Market, by Application, 2018, (USD Million)
1.4.4. Global Microencapsulation Market, by Region, 2018 (USD Million)
1.5. Premium Insights
1.5.1. Microencapsulation Market In Developed Vs. Developing Economies, 2018 vs 2026
1.5.2. Global Microencapsulation Market: Regional Life Cycle Analysis
Chapter 2 Market Dynamics
2.1. Market Overview
2.2. Market Drivers
2.2.1. Increase in demand for fortified food products with health benefits
2.2.2. Increased R&D activities for process efficiency
2.2.3. Rise in development of the pharmaceuticals industry
2.3. Market Restraints
2.3.1. High cost associated in the manufacturing process
2.4. Market Opportunities
2.4.1. Development of advanced technologies
2.4.2. Government support and rising economy in developing countries
2.5. Industry Value Chain Analysis
2.6. Pricing Analysis
2.7. Porter’s Five Forces Analysis
Chapter 3 Global Microencapsulation Market, by Technology
3.1. Market Overview, by Technology
3.1.1. Global Microencapsulation Market, by Technology, 2016-2026 (USD Million)
3.1.2. Incremental Opportunity, by Technology, 2018
3.2. Emulsion
3.2.1. Global Microencapsulation Market, by Emulsion, 2016-2026, (USD Million)
3.3. Spray
3.3.1. Global Microencapsulation Market, by Spray, 2016-2026, (USD Million)
3.4. Dripping
3.4.1. Global Microencapsulation Market, by Dripping, 2016-2026, (USD Million)
3.5. Others
3.5.1. Global Microencapsulation Market, by Others, 2016-2026, (USD Million)
Chapter 4 Global Microencapsulation Market, by Coating Material
4.1. Market Overview, by Coating Material
4.1.1. Global Microencapsulation Market, by Coating Material, 2016-2026 (USD Million)
4.1.2. Incremental Opportunity, by Coating Material, 2018
4.2. Polyvinyl Alcohol
4.2.1. Global Microencapsulation Market, by Polyvinyl Alcohol, 2016-2026, (USD Million)
4.3. Gelatin
4.3.1. Global Microencapsulation Market, by Gelatin, 2016-2026, (USD Million)
4.4. Ethyl Cellulose
4.4.1. Global Microencapsulation Market, by Ethyl Cellulose, 2016-2026, (USD Million)
4.5. Others
4.5.1. Global Microencapsulation Market, by Others, 2016-2026, (USD Million)
Chapter 5 Global Microencapsulation Market, by Application
5.1. Market Overview, by Application
5.1.1. Global Microencapsulation Market, by Application, 2016-2026 (USD Million)
5.1.2. Incremental Opportunity, by Application, 2018
5.2. Pharmaceutical
5.2.1. Global Microencapsulation Market, by Pharmaceutical, 2016-2026, (USD Million)
5.3. Home & Personal Care
5.3.1. Global Microencapsulation Market, by Home & Personal Care, 2016-2026, (USD Million)
5.4. Food & Beverages
5.4.1. Global Microencapsulation Market, by Food & Beverages, 2016-2026, (USD Million)
5.5. Agrochemicals
5.5.1. Global Microencapsulation Market, by Agrochemicals, 2016-2026, (USD Million)
5.6. Others
5.6.1. Global Microencapsulation Market, by Others, 2016-2026, (USD Million)
Chapter 6 Global Microencapsulation Market, by Region
6.1. Market Overview, by Region
6.1.1. Global Microencapsulation Market, by Region, 2016-2026, (USD Million)
6.2. Attractive Investment Opportunity, by Region, 2018
6.3. North America Microencapsulation Market
6.3.1. North America Microencapsulation Market, by Technology, 2016-2026 (USD Million)
6.3.2. North America Microencapsulation Market, by Coating Material, 2016-2026 (USD Million)
6.3.3. North America Microencapsulation Market, by Application, 2016-2026 (USD Million)
6.3.4. United States Microencapsulation Market, 2016-2026 (USD Million)
6.3.5. Canada Microencapsulation Market, 2016-2026 (USD Million)
6.4. Europe Microencapsulation Market
6.4.1. Europe Microencapsulation Market, by Technology, 2016-2026 (USD Million)
6.4.2. Europe Microencapsulation Market, by Coating Material, 2016-2026 (USD Million)
6.4.3. Europe Microencapsulation Market, by Application, 2016-2026 (USD Million)
6.4.4. United Kingdom Microencapsulation Market, 2016-2026 (USD Million)
6.4.5. Germany Microencapsulation Market, 2016-2026 (USD Million)
6.4.6. France Microencapsulation Market, 2016-2026 (USD Million)
6.4.7. Rest of Europe Microencapsulation Market, 2016-2026 (USD Million)
6.5. Asia Pacific Microencapsulation Market
6.5.1. Asia Pacific Microencapsulation Market, by Technology, 2016-2026 (USD Million)
6.5.2. Asia Pacific Microencapsulation Market, by Coating Material, 2016-2026 (USD Million)
6.5.3. Asia Pacific Microencapsulation Market, by Application, 2016-2026 (USD Million)
6.5.4. China Microencapsulation Market, 2016-2026 (USD Million)
6.5.5. Japan Microencapsulation Market, 2016-2026 (USD Million)
6.5.6. India Microencapsulation Market, 2016-2026 (USD Million)
6.5.7. Rest of Asia Pacific Microencapsulation Market, 2016-2026 (USD Million)
6.6. Latin America Microencapsulation Market
6.6.1. Latin America Microencapsulation Market, by Technology, 2016-2026 (USD Million)
6.6.2. Latin America Microencapsulation Market, by Coating Material, 2016-2026 (USD Million)
6.6.3. Latin America Microencapsulation Market, by Application, 2016-2026 (USD Million)
6.6.4. Brazil Microencapsulation Market, 2016-2026 (USD Million)
6.6.5. Mexico Microencapsulation Market, 2016-2026 (USD Million)
6.6.6. Rest of Latin America Microencapsulation Market, 2016-2026 (USD Million)
6.7. Middle East & Africa Microencapsulation Market
6.7.1. Middle East & Africa Microencapsulation Market, by Technology, 2016-2026 (USD Million)
6.7.2. GCC Microencapsulation Market, 2016-2026 (USD Million)
6.7.3. Rest of Middle East & Africa Microencapsulation Market, 2016-2026 (USD Million)
Chapter 7 Competitive Intelligence
7.1. Top 5 Players Comparison
7.2. Market Positioning of Key Players, 2018
7.3. Market Players Mapping
7.3.1. By Technology
7.3.2. By Coating Material
7.3.3. By Application
7.3.4. By Region
7.4. Strategies Adopted by Key Market Players
7.5. Recent Developments in the Market
7.5.1. Mergers & Acquisitions, Partnership, New Product Developments
Chapter 8 Company Profiles
8.1. BASF SE
8.1.1. BASF SE Overview
8.1.2. BASF SE Products Portfolio
8.1.3. BASF SE Financial Overview
8.1.4. BASF SE News/Recent Developments
8.2. Royal FrieslandCampina N.V.
8.2.1. Royal FrieslandCampina N.V. Overview
8.2.2. Royal FrieslandCampina N.V. Products Portfolio
8.2.3. Royal FrieslandCampina N.V. Financial Overview
8.2.4. Royal FrieslandCampina N.V. News/Recent Developments
8.3. Syngenta Crop Protection
8.3.1. Syngenta Crop Protection Overview
8.3.2. Syngenta Crop Protection Products Portfolio
8.3.3. Syngenta Crop Protection Financial Overview
8.3.4. Syngenta Crop Protection News/Recent Developments
8.4. Koninklijke DSM
8.4.1. Koninklijke DSM Overview
8.4.2. Koninklijke DSM Products Portfolio
8.4.3. Koninklijke DSM Financial Overview
8.4.4. Koninklijke DSM News/Recent Developments
8.5. Givaudan
8.5.1. Givaudan Overview
8.5.2. Givaudan Products Portfolio
8.5.3. Givaudan Financial Overview
8.5.4. Givaudan News/Recent Developments
8.6. Firmenich
8.6.1. Firmenich Overview
8.6.2. Firmenich Products Portfolio
8.6.3. Firmenich Financial Overview
8.6.4. Firmenich News/Recent Developments
8.7. Sensient Technologies
8.7.1. Sensient Technologies Overview
8.7.2. Sensient Technologies Products Portfolio
8.7.3. Sensient Technologies Financial Overview
8.7.4. Sensient Technologies News/Recent Developments
8.8. Lycored Corp.
8.8.1. Lycored Corp. Overview
8.8.2. Lycored Corp. Products Portfolio
8.8.3. Lycored Corp. Financial Overview
8.8.4. Lycored Corp. News/Recent Developments
8.9. Balchem Corporation
8.9.1. Balchem Corporation Overview
8.9.2. Balchem Corporation Products Portfolio
8.9.3. Balchem Corporation Financial Overview
8.9.4. Balchem Corporation News/Recent Developments
8.10. Koehler Innovative Solutions
8.10.1. Koehler Innovative Solutions Overview
8.10.2. Koehler Innovative Solutions Products Portfolio
8.10.3. Koehler Innovative Solutions Financial Overview
8.10.4. Koehler Innovative Solutions News/Recent Developments
Chapter 9 Preface
9.1. Data Triangulation
9.2. Research Methodology
9.2.1. Phase I – Secondary Research
9.2.2. Phase II – Primary Research
9.2.3. Phase III – Expert Panel Review
9.2.4. Approach Adopted
9.2.4.1. Top-Down Approach
9.2.4.2. Bottom-Up Approach
9.2.5. Supply- Demand side
9.2.6. Breakup of the Primary Profiles
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