Microencapsulation Market - Forecasts From 2019 To 2024

Description

The microencapsulation market is projected to grow at a CAGR of XX.XX% to reach US$XX.XX billion in 2024 from US$XX.XX billion in 2018. Microencapsulation is widely used in the healthcare and pharmaceutical sector for controlled drug delivery. Microencapsulation technologies are extensively used by pharmaceutical companies to mask the bitter taste or smell in drugs and to provide targeted delivery and controlled delivery. The demand for microencapsulated biomolecules is increasing in the pharmaceutical industry as well as the agriculture industry due to functions like effective and targeted delivery of the active ingredients. With the rising adoption of the technology by small and medium scale end users, it is further expected to drive the demand in microencapsulation market.

DRIVERS

Rise in Demand in the Pharmaceutical Industry

Widespread Applications of Microencapsulation

Rise in Demand to Enhance Product Functionality

RESTRAINTS

High Cost Associated With the Microencapsulated Process

INDUSTRY UPDATE

In February 2019, Givaudan opened its first fragnance encapsulation centre in Singapore for the asia pacific market.

The Major players profiled in the microencapsulation market include Syngenta Crop Protection, BASF, Balchem Corporation, Royal FrieslandCampina, Firmenich, Givaudan, Symrise, International Flavors & Fragrances, Sensient Technologies among others

Segmentation

The microencapsulation market has been analyzed through the following segments:

By application

Pharmaceuticals and healthcare

Food beverages

Agrochemicals

Households and personals care product

By technology

Spray technology

Emulsion technology

Dripping technology

BY shell material

Polymers

Lipids

Hydrocolloids

Proteins

By Geography

North America

USA

Canada

Mexico

Others

South America

Brazil

Argentina

Others

Europe

Germany

France

United Kingdom

Spain

Others

Middle East and Africa

Asia Pacific

China

Japan

South Korea

India

Others

Target audience

Manufacturers

Suppliers

Distributors

Service Providers

Government Agencies

Research Organizations

Consultants