The Microencapsulation Global Market Report 2023, provides comprehensive information on the microencapsulation market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Microencapsulation Global Market Report 2023, the global microencapsulation market size is expected to grow from $9.31 billion in 2022 to $10.47 billion in 2023 at a compound annual growth rate (CAGR) of 14.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global microencapsulation market size is expected to reach $15.54 billion in 2027 at a CAGR of 11%.
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Technological advancements are a key trend in gaining popularity in the microencapsulation market. Major companies operating in the microencapsulation market are focused on developing innovative technologies to strengthen their position in the market. For instance, in In October 2020, Lubrizol Life Science Health (LLS Health), a US-based maker of complex medicines and medical equipment, introduces ASTAGILETM microcapsules, a new organic-certified, sustainable astaxanthin (Haematococcus pluvialis) microencapsulated with spirulina. The two components have been combined in a patent-pending product meant to improve mental agility and healthy aging in young and elderly persons, with several health benefits. It employs a technology that ensures the stability of naturally occurring carotenoids, which, when combined with microencapsulation technology, allows to extract the maximum antioxidant capacity and achieve full functional benefits while using less astaxanthin – enabling a more cost-effective solution for those interested in preserving and enhancing cognitive function.
The microencapsulation market is segmented:
1) By Material: Agricultural Inputs, Food Additives, Pharmaceutical And Healthcare Drugs, Fragrances, Phase Change Material, Other Core Materials
2) By Shell Material: Polymers, Gums And Resins, Lipids, Carbohydrates, Protein
3) By Technology: Spray Technology, Dripping Technology, Emulsion Technology, Other Technologies
4) By Application: Pharmaceutical And Healthcare Products, Food And Beverages, Household And Personal Care Products, Agrochemicals, Construction Material, Textiles, Other Applications
North America was the largest region in the microencapsulation market in 2022.
The table of contents in TBRC’s microencapsulation market report includes:
- Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
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- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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