BEIJING, Nov. 10, 2022 (GLOBE NEWSWIRE) — The Global Microencapsulation Market The size accounted for USD 11.1 billion in 2021 and is expected to occupy a market size of USD 32.5 billion by 2030, growing at a CAGR of 12.8% from 2022 to 2030.
Microencapsulation improves drug transport and is used in a variety of new drug organization procedures. The main reason for microencapsulation of drug atoms is to ensure controlled uptake of drugs. This allows for assisted and delayed delivery of drugs into the body.
Microencapsulation Market Statistics
- The global microencapsulation market value was USD 11.1 billion in 2021 and is expected to grow at a CAGR of 12.8% from 2022 to 2030
- North America Microencapsulation Market Revenue Surpasses 38% Market Share in 2021
- Asia-Pacific Microencapsulation Market Growth to Register Remarkable CAGR of Over 13% from 2022 to 2030
- Among materials, the construction sub-segment garnered more than 20% of the overall market share in 2021
- Technology-based, responsive and others generated around 34% of the total market share
- Introduction of new technologies is a global microencapsulation market trend fueling industry demand
Microencapsulation Market Growth Factors
- Increase in demand for fortified products
- Increasing application in the pharmaceutical sector
- Growing implementation in the food and beverage industry
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Microencapsulation Market Report Coverage:
| Market | Microencapsulation Market | |
| Microencapsulation Market Size 2021 | $11.1 billion | |
| Microencapsulation Market Forecast 2030 | $32.5 billion | |
| Microencapsulation Market CAGR from 2022 to 2030 | 12.8% | |
| Microencapsulation Market Analysis period | 2018 – 2030 | |
| Microencapsulation Market base year | 2021 | |
| Microencapsulation Market Forecast data | 2022 – 2030 | |
| Segments Covered | By materials, by technology, by application and by geography | |
| Microencapsulation Market Regional scope | North America, Europe, Asia-Pacific, Latin America, Middle East and Africa | |
| Profiled Key Companies | Qatar Fertilizer Company (SAQ) / QAFCO, Yara International ASA, Koch Industries, Inc., SABIC, OCI NV, CF Industries, Nutrien Ltd., EuroChem Agro GmbH, Hubei Yihua Chemical Industry, Sinopec Hubei Chemical Fertilizer Company and CNPC. | |
| Report cover | Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulatory Analysis | |
Dynamics of the microencapsulation market
Rapidly changing people’s lifestyles towards more beneficial routines combined with changing eating habits are the major driving factors for the growth of the microencapsulation market by 2030. Microencapsulation technology captures the essential dietary supplements and enhancements of added edible substances, as it can directly influence the taste and color of the final result. Additionally, the technique offers a few advantages, such as assurance of center material, controlled center arrival, and improved processing of fasteners. The growing use of innovation in covering the taste, odor and mobility of specified materials is expected to fuel the demand for items in the edible items division. Rising awareness about the benefits of microencapsulated therapeutic containers and dietary supplements is propelling the growth of the market.
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Segmentation of the microencapsulation market
The global microencapsulation market is classified into four categories: technology, material, application and region. The global market is divided into five categories of materials: carbohydrates, lipids, gums and resins, polymers and proteins. The global market is divided into technology segments such as coating, spray technologies, emulsion, drip and others. The global market is divided into pharmaceuticals and healthcare, home and personal care, agrochemicals, food and beverages, construction, textiles, and others. Geographically, the global market is divided into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Microencapsulation market share
According to an analysis of the microencapsulation industry, the carbohydrate segment will account for 20% of the total market share in 2021. Additionally, spray technologies generated the highest shares in 2021 and the coating sub-segment is expected to attain a substantial growth rate from 2022 to 2030. Additionally, pharmaceutical and healthcare application segment held the highest market share as microencapsulated fixings e.g. drugs and supplements are widely used in the development of these articles.
Lipids, as a coating material, should exhibit a CAGR of 13.2% over the gauge period. The main lipids used for microencapsulation covering minerals, nutrients, food colors, flavors and fragrances are alcohols, beeswax, unsaturated fats, waxes, diacylglycerols, paraffin, oils, glycerides, fats, phospholipids and stearic acids.
Splash technology is the most widely used system, accounting for 34% of total revenue in 2021. The high penetration of this system in the embodiment of food fixings, flavors and fragrances has resulted in greater market share. The procedure allows for continuous and rapid handling with little or no effort, high productivity and high security of finished items.
In 2021, the food applications segment accounted for 7.8% of total revenue. Developing customer preferences for healthy living to avoid diseases caused by eating habits is a key market trend. Manufacturers in the nutrition and beverage industry are improving the dietary benefits of food products, driving interest in microencapsulation.
Regional growth of the microencapsulation market
North America controls 38% of the global microencapsulation market. The growing interest and awareness of esteem included elements for many areas, for example, sustenance, food, social services, and individualized consideration, is driving the North American microencapsulation market. Due to this increased awareness and interest, organizations are focusing on developing how-to items that utilize new advancements such as microencapsulation.
The Asia-Pacific market is expected to grow at a CAGR of over 13% during the forecast period owing to the rapid development of pharmaceutical and food preparation businesses in the region. Major government strategies to promote FDI in the pharmaceutical industry in China and India have played an urgent role in promoting the social insurance industry in Asia-Pacific.
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Microencapsulation Market Players
Major companies contributing to the global microencapsulation market are EuroChem Agro GmbH, Qatar Fertilizer Company (SAQ)/QAFCO, Koch Industries, Inc., Yara International ASA, Nutrien Ltd., CF Industries, Hubei Yihua Chemical Industry, OCI NV, Sinopec Hubei Chemical Fertilizer Company, SABIC and CNPC.
Questions this report answers
- What was the market size of Microencapsulation Market in 2021?
- What will be the CAGR of the Microencapsulation Market during the forecast period from 2022 to 2030?
- Who are the key players in the global Microencapsulation market?
- Which region held the largest Microencapsulation market share in 2021?
- What are the key market drivers of Microencapsulation Market?
- What is the largest end-user microencapsulation market?
- What will be the value of the Microencapsulation market in 2030?
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