The Worldwide Microcapsule Industry is Estimated to Reach $13.4 Billion by 2026 at a CAGR of 9.8% from 2021
DUBLIN, June 2, 2021 /PRNewswire/ -- The "Microcapsule Market by Technology (Spray, Emulsion and Dripping), End-user Industry (Pharmaceuticals & Healthcare, Food, Household & Personal Care, Textiles, Agrochemicals), Shell Material, Core Material & Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The market size of the microcapsule is estimated at USD 8.4 billion in 2021 and is projected to reach USD 13.4 billion by 2026, at a CAGR of 9.8% from 2021 to 2026.
The microcapsule market is on course for intense growth across different end-user industry verticals such as pharmaceuticals & healthcare, food, household & personal care, textiles, agrochemicals, and others. Manufacturers, producing microcapsule, are taking initiatives, and making huge investments in product launches and various business partnerships to improve the quality of their products and to augment their microcapsule business segment revenue.
A microcapsule is a small sphere with a uniform wall around it. The material inside the microcapsule is referred to as the core, internal phase, or fill, whereas the wall is commonly known as a shell, coating, or membrane. Microencapsulated particles have a diameter ranging from 3 to 800 micrometers.
There are various types of shell materials available for producing microcapsules, which include melamine formaldehyde, carbohydrates, gums & resins, other polymers, lipids and proteins. Among all these materials, carbohydrates segment is estimated to record highest growth in the microcapsule market during the forecast period. This is mainly due to the growing use of carbohydrates shell material in the food industry.
Pharmaceutical & healthcare drugs to lead microcapsule market, by core material in terms of size, during the forecast period
By core material, pharmaceutical and healthcare drugs are estimated to dominate the market in terms of size. The rising demand for fortified foods with enhanced health benefits drives the need for microencapsulated pharmaceutical and healthcare drugs. Further, the food additives segment is expected to be the second-largest market during the forecast period. Increasing use of acidulants, flavoring, and coloring agents in fortified foods contributes to the substantially large share of the food additives segment in this market.
Spray technologies estimated to hold a larger size of microcapsule market than emulsion, dripping, and other technologies in 2021
Spray technologies are estimated to account for the largest share of the microcapsule market in 2021 owing to their wide applications in the pharmaceuticals & healthcare, food, and household and personal care industries. Dripping technologies are likely to be the fastest-growing market during the forecast period, mainly due to the escalating demand for microencapsulated active ingredients in the pharmaceutical industry across the world.
North America is the largest region in the microcapsule market
North America accounted for the largest share of the microcapsule market in 2020, followed by Europe. The fast-paced lifestyle of the consumers contributing to the high demand for functional and fortified food products in North America and Europe. This, in turn, contributes to the high demand for microcapsules in these regions, mainly in the food industry.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Significant Opportunities in Microcapsule Market
4.2 Microcapsule Market, by Region
4.3 Microcapsule Market, by End-User Industry
4.4 Microcapsule Market, by Technology
4.5 North American Microcapsule Market, by End-User Industry and Country
4.6 Microcapsule Market, by Core Material
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increased Adoption of Encapsulation Technology by Food and Beverage Manufacturing Companies
5.2.1.1.1 High Demand for Functional and Fortified Food and Beverage Products
5.2.1.2 Escalated Demand for Microencapsulation from Pharmaceuticals Industry
5.2.1.2.1 Controlled Drug Delivery
5.2.1.2.2 Targeted Drug Delivery
5.2.1.3 Elevated Use of Microencapsulation Technology in Agrochemicals Industry
5.2.1.3.1 Use of Controlled Release Technique to Enhance Efficiency of Agrochemicals
5.2.1.3.2 Adoption of Controlled Release Technique for Convenience
5.2.1.3.3 Implementation of Microencapsulated Delivery System to Reduce Application Dose, Minimize Labor Requirement, Ensure Economic and Efficient Paste Management, Thereby Reducing Overall Cost
5.2.1.3.4 Deployment of Microencapsulated Agrochemicals Owing to Rising Environmental Concerns
5.2.1.4 Increased Focus of Market Players on R&D Activities to Increase Market Share
5.2.1.5 Widespread Applications of Microcapsules
5.2.2 Opportunities
5.2.2.1 Ongoing Technological Advances to Tap Niche Markets
5.2.2.1.1 Rising Need for Multi-Component Delivery Systems
5.2.2.2 Emerging Economies to Provide High-Growth Opportunities
5.2.2.2.1 Strong Focus on Technological Innovations and Healthy Eating and Nutritional Needs by Governments in Developing Countries
5.2.3 Challenges
5.2.3.1 Maintaining Stability of Microencapsulated Ingredients in Varying Atmospheric Conditions
5.2.3.2 Stringent Regulatory Policies Pertaining to Use of Formaldehyde, Especially in Europe and Asia-Pacific
5.2.3.3 Selection of Application-Specific and Appropriate Microencapsulation Technique and Shell Materials
5.2.4 Outbreak and Rapid Spread of COVID-19
5.3 Porter's Five Forces Analysis
5.4 Industry Trends
5.4.1 Food Industry
6 Value Chain Analysis
7 Microcapsule Market: Patent Analysis
8 COVID-19 Impact on Microcapsule Market
9 Regulatory Framework Governing Microcapsule Market
10 Microcapsule Market, by Technology
11 Microcapsule Market, by End-User Industry
12 Microcapsule Market, by Shell Material
13 Microcapsule Market, by Core Material
14 Microcapsule Market, by Region
15 Competitive Landscape
16 Company Profiles
16.1 Major Companies
16.1.1 Basf Se
16.1.2 International Flavors & Fragrances
16.1.3 Koninklijke Dsm N.V.
16.1.4 Symrise Ag
16.1.5 Givaudan S.A.
16.1.6 Royal Frieslandcampina N.V.
16.1.7 Syngenta Crop Protection Ag
16.1.8 Sensient Technologies Corporation
16.1.9 Lycored Corp.
16.1.10 Koehler Innovative Solutions
16.1.11 Balchem Corporation
16.1.12 Capsula Sas
16.1.13 Tastetech Ltd.
16.1.14 Microcapsules Technologies (Mct)
16.1.15 Insilico Co. Ltd.
16.1.16 Matsumoto Yushi Seiyaku Co., Ltd.
16.1.17 Encapsys
16.1.18 Arcade Beauty
16.1.19 Reed Pacific
16.1.20 Firmenich Sa
16.2 Additional Players
16.2.1 Ronald T. Dodge Company
16.2.2 Microtek Laboratories, Inc.
16.2.3 Innobio
16.2.4 Gat Microencapsulation GmbH
16.2.5 Brace GmbH
16.2.6 Tagra Biotechnologies Ltd.
17 Appendix
17.1 Discussion Guide
17.2 Knowledge Store: The Subscription Portal
17.3 Available Customizations
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