According to a recent report by Future Market Insights, a market research and competitive intelligence provider the global microencapsulation market is expected to be worth USD 6.5 billion in 2022 and USD 10.3 billion by 2032, growing at an annual rate of 8.2% from 2022 to 2032.
Microencapsulation is becoming more common as the need for functionally enriched foods and medications grows. Flavors, vitamins, minerals, essential oils, and other additives can be microencapsulated and added to food products to increase their useful properties.
Because of the advantages achieved by manufacturers, microencapsulation technologies have a considerable impact on the pharmaceutical business. In the pharmaceutical industry, active compounds such as biomolecules, proteins, and genetic molecules are encapsulated to meet market demand for value-added goods.
Encapsulation is a procedure that major corporations around the world are focusing on because they regard it as a method of immune protection. Technology in the microencapsulation sector is widely used to manufacture and sell its products all over the world.
In the future, textiles will be another popular industry in the worldwide Microencapsulation Market. Rising demand for cosmo-textile manufacturing technology is expected to assist market progress. Changing lifestyles are expected to stimulate demand for personal care products, which might be good news for the microencapsulation business.
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Key Takeaways from Market Study
- North America represented 33% of overall sales in North America in 2021, because of strong demand for pharmaceutical-grade food and beverages.
- The UK Microencapsulation Market is expected to grow at a CAGR of 5.9% from 2022 to 2032, owing to the early adoption of the technology in end-use applications. Large pharmaceutical corporations in the region, such as GlaxoSmithKline and Novartis, have influenced market demand by concentrating on the development of new drug delivery techniques.
- In terms of applicability, the pharmaceutical and healthcare products industry is anticipated to be the most profitable. For regulated medicine delivery, microencapsulation is commonly employed in the healthcare and pharmaceutical industries. Pharmaceutical companies routinely use microencapsulation technology to hide the strong taste or odor of medications and to allow for targeted and controlled delivery.
- Gelatine is a widely used coating material that is predicted to expand at a substantial rate of more than 5% CAGR throughout the forecast period. Because it is a water-soluble resin, it is frequently employed in the pharmaceutical, food, and agriculture industries.
- “The rising demand for technologies to produce beauty supplements utilizing natural ingredients is projected to assist market expansion. Furthermore, as more people become aware of the health benefits of N-3 fatty acids, the demand for microencapsulation for masking applications is expected to increase.”says a lead analyst at Future Market Insights.
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Who is Winning?
Microencapsulation’s growth is expected to be fueled by its growing popularity in a range of end-user industries. Because qualities including durability, bioavailability, distribution, and efficacy are all closely regulated, encapsulation is essential for medicinal foods, nutraceuticals, and meal-replacement products.
For example, In India, Koninklijke DSM opened a second plant for animal nutrition and health premixes in 2018. The firm has grown its geographical presence as well as its manufacturing capability as a result of this expansion, in order to meet the region’s expanding demand.
Some of the leading companies offering microencapsulation are Reed Pacific, Novartis, Encapsys, GAT Microencapsulation, Koninklijke DSM, GlaxoSmithKline, Ronald T. Dodge Company, Capsulae, and AVEKA.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the microencapsulation market presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
The study divulges compelling insights on microencapsulation based on application (pharmaceutical & healthcare products, food & beverages, household & personal care products, agrochemicals, construction material, textiles, and other applications), technology (spray technology, dripping technology, emulsion technology, and other technologies), core material (agricultural inputs, food additives, pharmaceutical & healthcare drugs, fragrances, phase change material, other core materials), shell material (polymers, gums & resins, lipids, carbohydrates, proteins) across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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