Microencapsulation market is projected to grow at a CAGR of 11.94% during the forecast period, reaching a total market size of US$16.594 billion in 2025 from US$8.434 billion in 2019. 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
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Rise in Demand in the Pharmaceutical Industry
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Widespread Applications of Microencapsulation
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Rise in Demand to Enhance Product Functionality
RESTRAINTS
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High Cost Associated With the Microencapsulated Process
INDUSTRY UPDATE
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In February 2019, Givaudan opened its first fragrance encapsulation center in Singapore for the Asia Pacific market.
The major players profiled in the Microencapsulation market include Watson Inc., AVEKA, Inc., MIKROCAPS, Capsularis, Givaudan, Koehler Innovative Solutions, Prinova, and Orbis Biosciences, Inc.
Segmentation
The Microencapsulation market has been analyzed through the following segments:
By Technology
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Spray
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Emulsion
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Coating
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Dripping
By Application
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Pharmaceuticals
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Food and Beverage
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Households and Personal Care
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Agrochemicals
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Others
By Geography
North America
South America
Europe
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Germany
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France
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United Kingdom
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Spain
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Others
Middle East and Africa
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Israel
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Saudi Arabia
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Others
Asia Pacific
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China
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Japan
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South Korea
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India
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Others
Frequently Asked Questions (FAQs)
Q1. What will be the microencapsulation market size by 2025?
A1. Microencapsulation market is projected to reach a market size of US$16.594 billion in 2025.
Q2. What are the growth prospects for microencapsulation market?
A2. The microencapsulation market is projected to grow at a CAGR of 11.94% during the forecast period.
Q3. What is the size of global microencapsulation market?
A3. The global microencapsulation market was valued at US$8.434 billion in 2019.
Q4. What factors are anticipated to drive the microencapsulation market growth?
A4. 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.
Q5. Who are the major players in the microencapsulation market report?
A5. The major players profiled in the microencapsulation market include Watson Inc., AVEKA, Inc., MIKROCAPS, Capsularis, Givaudan, Koehler Innovative Solutions, Prinova, and Orbis Biosciences, Inc.
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