High Prevalence Of Target Diseases, Rising Demand In Pharmaceutical Industry, Increased Demand For Dietary Supplement, Widespread Application Of Microencapsulation In Various Industries Are Key Factors Contributing To High CAGR Of Microencapsulation Market During Forecast Period.
According to the current analysis of Reports and Data, the global Microencapsulation Market was valued at USD 6.78 billion in 2018 and is expected to reach USD 14.40 billion by the year 2026, at a CAGR of 9.8%. Microencapsulation is a process in which active ingredients are coated with extremely small capsules. This technology has been used in the cosmetics industry, the pharmaceutical, agrochemical, and food industries, in flavors, acids, oils, vitamins, microorganisms, among others. The market is driven by the increasing prevalence of chronic target diseases, rising demand in the pharmaceutical industry, increased demand for supplementary products, and more efficient physiological action. Increasing chronic diseases such as cancer, hypertension, and other CVS diseases is expected to fuel market growth. In hypertension, the drug is required to remain active on the administration to avoid several doses per day. Microencapsulation offers prolonged and or sustained release action, as the core material or active ingredients are coated with polymers or other biodegradable and chemically compatible coating material, which restricts the drug release for a more extended time. Reduced multiple doses have to lead to more patient compliance, which is expected to propel the microencapsulation market growth. The broader application of microencapsulation in various industries is enhancing market demand. For example, microencapsulation is widely used in the food industry for perishable products such as highly volatile foods and prevention from auto-oxidation of certain dairy products.
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Top Companies: BASF, Royal Frieslandcampina, Syngenta Crop Protection, Koninklijke DSM, Givaudan, International Flavors Fragrances, Symrise, Sensient Technologies, Lycored Corp., And Koehler Innovative Solutions.
Further Key Findings From The Report Suggest:
During 2019-2026, Microencapsulation Market Is Expected To Register A CAGR Of 11.2% In Asia Pacific; Followed By North America And Europe, With 9.7% And 9.5% CAGR, Respectively. High Prevalence Of Chronic Target Diseases Across The Globe Is The Major Factor Driving The Market During The Forecast Period Across All Regions.
The Physical Methods Segment Dominates The Market With Highest Market Share In The Year 2018. It Is Estimated To Grow At A CAGR Of 10.1% During The Forecast Period To Reach USD 6.29 Billion By 2026
Based On Application Segment, The Pharmaceutical Healthcare Is Expected To Account For The CAGR 10.2% Of The Global Microencapsulation Market, As Increased Demand Of Masking The Odor And Taste Of The Molecule Used And To Provide Sustained Release Effect
Asia Pacific Is Expected To Account For The CAGR 11.2% Of The Global Microencapsulation Market. Developing Nations Such China, And India Are Likely To Witness High Growth Due To High Prevalence Of Target Diseases, Increased Healthcare Expenditure And High Demand Of Fertilizers In Agriculture Application Segment
Based On Coating Material Polymers Dominate The Total Market Share Of Microencapsulation, As The Polymer Provide Even And Better Coating To The Granules Of Core Material And Is Chemically Instable
Slow Rate Of Commercialization, High Costs Involved In Research And Development, And Some Allergies Associated With The Materials Used In Microencapsulation Are Among The Key Factors Likely To Hamper Growth Of The Market
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Market Segmentation:
Coating Material Outlook (Revenue, USD Million; 2016-2026)
- Carbohydrates
- Gums Resins
- Lipids
- Polymers
- Proteins
- Others
Method Type Outlook (Revenue, USD Million; 2016-2026)
- Chemical Methods
- Solvent Evaporation
- Interfacial Cross-Linking
- Interfacial Polycondensation
- In Situ Polymerization
- Matrix Polymerization
- Physical Methods
- Spray Drying
- Fluid-Bed/Pan Coating
- Centrifugal Extrusion
- Vibrating Nozzle
- Spinning Disk Microencapsulation
- Physicochemical Method
- Ionotropic Gelation
- Polyelectrolyte Complexation
- Coacervation
- Supercritical Fluid Technology
Core Material Outlook (Revenue, USD Million; 2016-2026)
- Acetaminophen
- Vitamin –A Palmitate
- Activated Charcoal
- Liquid Crystal
- Potassium Chloride
- Aspirin
- Urease
- Viable Cells Of Islet Of Langer Hans
- Progesterone
- Menthol/Methyl Salicylate Camphor Mixture
- Others
Application Outlook (Revenue, USD Million; 2016-2026)
- Pharmaceutical Healthcare
- Renal Failure
- CVS Diseases
- Colon Disease
- Diabetes
- Liver Disease
- Cancer
- Food Fragrances
- Agriculture
- Others
Regional Outlook:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest Of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest Of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest Of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest Of Middle East Africa)
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Key Questions Covered In The Global Microencapsulation Market Report:
- What Is The Expected Market Size Of The Global Microencapsulation Market During The Forecast Period?
- What Factors Are Expected To Hamper Global Microencapsulation Market Growth Over The Forecast Period?
- Which Application Segment Is Expected To Dominate Other Application Segments Over The Forecast Period?
- Which Region Is Expected To Dominate In Terms Of Revenue During The Forecast Period?
- What Are The Key Outcomes Of Porter’s Five Forces Analysis And SWOT Analysis?
- Which Leading Players Are Operating In The Global Microencapsulation Market?
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