Global Micro-encapsulation Market Insights:
Market Research Future's latest report covers the global microencapsulation market and asserts that Micro-encapsulation market is expected to grow at a 4.72% CAGR and reach USD 19.1 billion by 2030.
The requirement for integration of food ingredients, enzymes, cells and different materials on a smaller metric scale has boosted the demand for Micro-encapsulation Market Insights.
Used to increase stability and shelf life of the given product, microencapsulation is also useful in manipulation of the product to achieve desired results, isolation of vitamins and protection from the deteriorating effects of oxygen and reducing the effects of evaporation among others. The wide number of uses of encapsulation work as a significant driver of the market. The growing demand for functional food and the ever-increasing demand for healthy alternatives from conscious consumers is expected to affect the growth of the market. Rapid urbanization, rising disposable incomes, and the increasing incidences ill-effects caused by leading a sedentary lifestyle has significantly increased the demand for functional foods, and microencapsulation allows manufacturers to enhance nutritional properties of most any given food and beverages.
Used extensively in the creation of nutritional supplements, market players are conducting RD activities which are looking into the development of Micro-encapsulation Market across various end-use industries such as pharmaceuticals, and cosmetics personal care products, where micro-encapsulation allows the additions of various added benefits and fortification of the end product. The high cost of production is expected to restrain market growth. However, growing acceptance of micro-encapsulation and the demand for fortified foods is expected to impact the market by providing multiple opportunities for growth.
Market Segmentation:
The global micro-encapsulation market is segmented on the basis of technology, coating material, application, and region. By technology, the market is segmented into spray, emulsion, dripping, and others. The spray segment dominates the market, while the emulsion segment is set to grow at the highest CAGR during the forecast period.
By coating material, the market is segmented into carbohydrates, polymers, lipids, gums resins, proteins, and others. Lipids currently comprise the largest segment of the total market due to their extensive use for various applications in micro-encapsulation.
By application, the market is segmented into food beverages, personal care, household items, agrochemicals, pharmaceuticals healthcare and others. The pharmaceuticals healthcare segment leads application-based market growth due to the increasing demand for medicines. Meanwhile, the food and beverage segment is expected to witness a promising future due to the demand for functional and fortified food products.
Regional Analysis:
North America leads the global micro-encapsulation market and is set to grow at a CAGR of 10.86% during the assessment period. The regions are largely urban and have a well-developed pharmaceutical and healthcare sector which is driving the Micro-encapsulation Market Outlook. Moreover, the region has a wide number of consumers who are increasingly suffering from lifestyle-related diseases and are placing a high demand for functional tea.
Meanwhile, the Asia-Pacific market is set to witness the fastest growth during the review period. The region has a truly massive population as compared to other regions and a growing healthcare sector. the rapidly urbanizing region along with increasing disposable incomes is expected to increase the demand for fortified products. Increasing occurrences of chronic diseases and lifestyle-related diseases are expected to boost the demand in the pharmaceutical industry. China leads the regions market growth and is estimated to value USD 1,042.5 million by the end of 2023.
Key Players:
MRFR's report analyses and covers market strategies used by leading Key Micro-encapsulation Market Players to facilitate market growth as well as strengthen market position. Prominent players include Balchem Corp., Syngenta AG, Givaudan SA, International Flavours Fragrance Inc., Symrise AG, BASF SE, Bayer AG, LycoRed Ltd., Encapsys LLC., Royal FrieslandCampina N.V., and others.
Latest Industry News:
Watson will demonstrate the use of microencapsulation for the masking of flavors at the Institute of Food Technologists (IFT) Annual Expo 2018. Microencapsulation carries the strong potential for use in masking the flavor of additives and supplements to offer a more neutral flavor or reduced unwanted flavors in the final product.
AnaBioTechnologies has developed microencapsulation technology for the inclusion of creatine in gels, gummies and sports drink in an effort to develop new product lines for sports supplements.
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