The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Rising consumer demand for functional foods is projected to drive the microencapsulation industry forward.

The global microencapsulation market size is expected to grow from $9.31 billion in 2022 to $10.47 billion in 2023 at a compound annual growth rate (CAGR) of 14.9%. The global microencapsulation market size is expected to reach $15.54 billion in 2027 at a CAGR of 11%.

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 Global Microencapsulation Market Segments Include:

• By Material: Agricultural Inputs, Food Additives, Pharmaceutical And Healthcare Drugs, Fragrances, Phase Change Material, Other Core Materials
• By Shell Material: Polymers, Gums And Resins, Lipids, Carbohydrates, Protein
• By Technology: Spray Technology, Dripping Technology, Emulsion Technology, Other Technologies
• By Application: Pharmaceutical And Healthcare Products, Food And Beverages, Household And Personal Care Products, Agrochemicals, Construction Material, Textiles, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global microencapsulation market in 2021.

Major Market Players in the microencapsulation market include LycoRed Group, BASF SE, Balchem Corp., Encapsys LLC, AVEKA Group, Givaudan SA, International Flavors & Fragrances Inc., Symrise AG, Capsulae Corp, Reed Pacific Pty Ltd.

Technological developments are a significant trend in the microencapsulation market’s growth. Major players in the microencapsulation market are focusing on developing innovative technologies to increase their market position. For example, Lubrizol Life Science Health (LLS Health), a US-based manufacturer of complex medications and medical equipment, will launch ASTAGILETM microcapsules in October 2020, a new organic-certified, sustainable astaxanthin (Haematococcus pluvialis) microencapsulated with spirulina. The two components have been combined in a patent-pending product designed to increase mental agility and healthy ageing in both young and old people, with several health benefits. It employs a technology that ensures the stability of naturally occurring carotenoids, which, when combined with microencapsulation technology, allows for the extraction of the maximum antioxidant capacity and full functional benefits while using less astaxanthin, allowing for a more cost-effective solution for those interested in preserving and enhancing cognitive function.

The Microencapsulation Global Market Report 2023  provides a microencapsulation market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The microencapsulation market forecast analyzes microencapsulation market size, microencapsulation market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Microencapsulation is a method that wraps solid, liquid, or gas molecules into microparticles with diameters ranging from 1 to 1000 m, encasing the contents in a polymeric or non-polymeric substance to protect them from processing conditions and permitting controlled release under certain conditions. It is utilised in a variety of industries to maintain and distribute useful elements.

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