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.
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 Research 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. 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 Report 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.
Related Reports:
US and Europe Nuts and Seeds Cheese Market: Information by Product Type (Almonds, Cashews, Sunflower Seeds, Chia Seeds, Macadamia, Pistachio and Others), Form (Blocks Wheels, Spreads and Others), Distribution Channel (Store-Based {Supermarkets Hypermarkets, Convenience Stores and Others} and Non-Store-Based) and Region/Country (US and Europe) - Forecast till 2030
Canned Meat Market Research Report Information By Meat Type (Pork, Poultry, Beef, Seafood, Others), By Distribution Channel (Store-Based, Non-Store-Based), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2030
About Market Research Future:
Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.
Our fast-emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.
Contact Us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071
