Microencapsulation is a process in which small particles are surrounded by a coating in order to change the properties of small capsules. Generally, this technology is used to incorporate food ingredients, cells, and enzymes on a micro metric scale. Besides, these products also prevent pharmaceuticals from degrading.
The global Microencapsulation Market was valued at USD 5.52 billion in 2016 and is projected to reach USD 14.24 billion by 2025, growing at a CAGR of 11.1% from 2017 to 2025.
1. Market Drivers
1.1 Growing demand from the functional food industry
1.2 Growing demand for microencapsulation from the pharma and healthcare sectors
2. Market Restraints
2.1 High costs
2.2 Regulatory obstacles
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The global Microencapsulation Market is segmented on the basis of By Technology, Core Material, Shell Material, Application and region
1. Global Microencapsulation Market, by Technology:
1.1 Emulsion Technology
1.1.1 in Situ Polymerization
1.1.3 Sol-Gel Encapsulation
1.2 Spray Technology
1.2.1 Spray Drying
1.2.2 Spray Chilling
1.2.3 Centrifugal Extrusion
1.2.4 Spinning Disk/Rotational Suspension Separation
1.3 Dripping Technology
1.3.1 Spinning Disk/Rotational Suspension Separation
1.3.2 Centrifugal Extrusion
2. Global Microencapsulation Market, by Core Material:
2.1 Phase Change Materials
2.2 Agricultural Inputs
2.3 Food Additives
2.5 Healthcare Drugs
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3. Global Microencapsulation Market, by Shell Material:
3.2 Gums and Resins
4. Global Microencapsulation Market, by Application:
4.1 Pharmaceutical & Health Care Products
4.2 Food & Beverages
4.3 Household & Personal Care
5. Global Microencapsulation Market, by Region:
5.1 North America U.S., Canada, Mexico
5.2 Europe Germany, UK, France, Rest of Europe
5.3 Asia Pacific China, India, Japan, Rest of Asia Pacific
5.4 Latin America Brazil, Argentina, Rest of Latin America
5.5 Middle East & Africa
The major players in the market are as follows:
2. LycoRed Group
3. BASF SE
5. Lipo Technologies
7. AVEKA Group
8. Reed Pacific Pty. Ltd.
9. Microtek Laboratories, Inc.
10. TasteTech Ltd.
11. GAT Microencapsulation GmbH
12. Ronald T. Dodge Co.
14. InnoBio Limited
15. Bayer AG
16. Dow Corning Corporation
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Research Methodology of Planet Market Reports
Research study on the Microencapsulation Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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Name: Jennifer Daniel
Organization: Planet Market Reports