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.
Market Size – USD 6.78 Billion in 2018, Market Growth – CAGR of 9.8%, Market Trends – Reduced multiple doses of the drug per day
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.
However, high cost in association with production or process of microencapsulation of core material and allergies associated with the material used for coating may hamper the market growth.
Key participants include BASF, Royal Frieslandcampina, Syngenta Crop Protection, Koninklijke DSM, Givaudan, International Flavors & Fragrances, Symrise, Sensient Technologies, Lycored Corp., and Koehler Innovative Solutions
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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
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/microencapsulation-market
For the purpose of this report, Reports and Data has segmented the microencapsulation market on the basis of coating material, method type, core material, application, and region:
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 (Revenue in USD Million; 2016–2026)
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018 – 2026
Chapter 3. Indicative Metrics
3.1. Increased demand for multi-component delivery systems
Chapter 4. Microencapsulation Segmentation & Impact Analysis
4.1. Microencapsulation Segmentation Analysis
4.2. Microencapsulation Market Value Chain Analysis, 2016-2026
4.3. Regulatory framework
4.4. Microencapsulation Market Impact Analysis
4.4.1. Market driver analysis
4.4.1.1. Rise in demand in the pharmaceutical industry
4.4.1.2. Increased demand for dietary supplement products
4.4.1.3. Widespread applications of microencapsulation
4.4.2. Market restraint analysis
4.4.2.1. High cost associated with the microencapsulated process
4.5. Key opportunities prioritized
4.6. Microencapsulation Pricing Analysis
4.7. Industry analysis – Porter’s
4.8. Microencapsulation PESTEL Analysis
…
Chapter 10. Competitive Landscape
10.1. Market Revenue Share by Manufacturers
10.2. Manufacturing Cost Breakdown Analysis
10.3. Mergers & Acquisitions
10.4. Strategy Benchmarking
10.5. Vendor Landscape
Chapter 11. Company Profiles
11.1. BASF
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Product Length Benchmarking
11.1.4. Strategic Initiatives
11.2. Royal Frieslandcampina
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Product Length Benchmarking
11.2.4. Strategic Initiatives
11.3. Syngenta Crop Protection
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Product Length Benchmarking
11.3.4. Strategic Initiatives
11.4. Koninklijke DSM
11.4.1. Company Overview
11.4.2. Financial Performance
11.4.3. Product Length Benchmarking
11.4.4. Strategic Initiatives
11.5. Givaudan
11.5.1. Company Overview
11.5.2. Financial Performance
11.5.3. Product Length Benchmarking
11.5.4. Strategic Initiatives
11.6. International Flavors & Fragrances
11.6.1. Company Overview
11.6.2. Financial Performance
11.6.3. Product Length Benchmarking
11.6.4. Strategic Initiatives
Continue…
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