The market for microencapsulation is anticipated to be worth US$ 6.5 billion in 2022 and grow to US$ 10.3 billion by 2032 at a CAGR of 8.2%.
As the need for functionally enriched foods and medications develops, microencapsulation is becoming more common. Microencapsulated flavours, vitamins, minerals, essential oils, and other additions can benefit food products.
Microencapsulation technologies have a significant impact on the pharmaceutical industry as a result of the benefits gained by producers. Active compounds such as biomolecules, proteins, and genetic molecules are encapsulated in the pharmaceutical business to suit market demand for value-added commodities.
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Encapsulation is a practise that large organisations all over the world are working on as a way of immunological protection. Microencapsulation technology is frequently utilised to make and market its products worldwide.
Textiles will be another popular industry in the global Microencapsulation Market in the future. Rising demand for cosmo-textile manufacturing technologies will aid market growth. Changing lifestyles are likely to boost demand for personal care products, which could bode well for the microencapsulation industry.
Key Takeaways from Market Study
- North America represented 33% of overall sales in North America in 2021, because of the strong demand for pharmaceutical-grade food and beverages.
- The UK Microencapsulation Market is expected to grow at a CAGR of 5.9% from 2022 to 2032, owing to the early adoption of the technology in end-use applications. Large pharmaceutical corporations in the region, such as GlaxoSmithKline and Novartis, have influenced market demand by concentrating on the development of new drug delivery techniques.
- In terms of applicability, the pharmaceutical and healthcare products industry is anticipated to be the most profitable. For regulated medicine delivery, microencapsulation is commonly employed in the healthcare and pharmaceutical industries. Pharmaceutical companies routinely use microencapsulation technology to hide the strong taste or odor of medications and to allow for targeted and controlled delivery.
- Gelatine is a widely used coating material that is predicted to expand at a substantial rate of more than 5% CAGR throughout the forecast period. Because it is a water-soluble resin, it is frequently employed in the pharmaceutical, food, and agriculture industries.
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Who is Winning?
Microencapsulation’s growth is expected to be fueled by its growing popularity in a range of end-user industries. Because qualities including durability, bioavailability, distribution, and efficacy are all closely regulated, encapsulation is essential for medicinal foods, nutraceuticals, and meal-replacement products.
For example, In India, Koninklijke DSM opened a second plant for animal nutrition and health premixes in 2018. The firm has grown its geographical presence as well as its manufacturing capability as a result of this expansion, in order to meet the region’s expanding demand.
Some of the leading companies offering microencapsulation are Reed Pacific, Novartis, Encapsys, GAT Microencapsulation, Koninklijke DSM, GlaxoSmithKline, Ronald T. Dodge Company, Capsulae, and AVEKA.
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Future Market Insights, in its new offering, provides an unbiased analysis of the microencapsulation market presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
The study divulges compelling insights on microencapsulation based on application (pharmaceutical & healthcare products, food & beverages, household & personal care products, agrochemicals, construction material, textiles, and other applications), technology (spray technology, dripping technology, emulsion technology, and other technologies), core material (agricultural inputs, food additives, pharmaceutical & healthcare drugs, fragrances, phase change material, other core materials), shell material (polymers, gums & resins, lipids, carbohydrates, proteins) across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).
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