Research Nester published a report titled “Microencapsulation Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of theglobalmicroencapsulation market in terms of market segmentation by technology, coating material, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global microencapsulation market is estimated to occupy a large amount of revenue by growing at a CAGR of ~12% during the forecast period, i.e., 2022 – 2031, ascribing to the increasing applications microencapsulation in various industries, such as for encapsulating functional food and agrochemical products. Along with this, growing usage of the technique for masking taste, activity and odor of functional ingredients used in pharmaceutical and healthcare industry, and escalating sales of personal care products are also expected to accelerate the growth of the market in the forthcoming years.
The market is segmented by technology, coating material and application. Based on technology, the spray segment is anticipated to acquire the largest share during the forecast period on the back of the surging use of this technique for encapsulating food ingredients, flavors and fragrances, as a result of its high efficiency and lower costs. Additionally, by application, the pharmaceutical segment is projected to grab the largest share over the forecast period attributing to the increasing utilization of microencapsulation for masking the bitter taste of drugs, and further reducing the gastric irritations caused by them.
Geographically, the global microencapsulation market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Asia Pacific is evaluated to witness noteworthy growth in the market during the forecast period, which can be attributed to the surging pharmaceutical and food processing industries in the region. Moreover, the market in North America is assessed to acquire the largest share over the forecast period ascribing to the rising awareness about value-added products of the nutrition, healthcare, and personal care sectors, and rising demand for healthy and fortified foods in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Application Areas of the Technology in Various End User Industries Globally to Drive Market Growth
Over the last few years, microencapsulation is widely being used for encapsulating agrochemical products and functional foods all across the world. In addition, the technology is also used in the pharmaceutical industry as a result of its high effectiveness and ability to protect nutrients. This in turn is anticipated to drive market growth significantly in the near future.
However, expensiveness of raw materials used for microencapsulation is expected to operate as key restraint to the growth of the global microencapsulation market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global microencapsulation market which includes company profiling of BASF SE, Givaudan SA, International Flavors & Fragrances, Inc., Symrise AG, Syngenta AG, Encapsys, LLC, Lycored Ltd., Koninklijke DSM N.V., Balchem Corporation, AVEKA, Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global microencapsulation market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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