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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Rising Demand from the Healthcare Industry to Propel the Market Growth of Microencapsulation
The global market for microencapsulation is being driven by the rising demand for the procedure from the healthcare sector. Microencapsulated nutritional supplements have witnessed a robust demand in recent years owing to their ability to boost the immune function and thus reduce the risk of illness. In addition to this, the advent of the COVID-19 pandemic catalysed the growth of the market. This can be attributed to the several immunity boosting properties of the microencapsulation technology, which is a prime factor augmenting the growth of the market.
Moreover, the rising focus on healthcare owing to inflating disposable incomes, the development of cost-effective drugs, and the overall flourishing healthcare sector, the market is further invigorating. In addition to this, when compared to other methods, microencapsulation technology is a cost-effective way to boost drug bioavailability, thereby stimulating growth. Hence, these are some of the factors bolstering the demand for microencapsulation from the pharmaceutical and nutraceutical sectors and providing impetus to the market.
Microencapsulation Market Report Snapshots
Microencapsulation Market Size
Microencapsulation Market Growth
Microencapsulation Market Share
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global microencapsulation market attained a value of USD 12.50 billion in 2023.
The market is projected to grow at a CAGR of 13.0% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 36.34 billion by 2032.
The market is being driven by inflating disposable incomes, changing lifestyles, and the rising focus on healthier diets.
The market is expected to be defined by the ongoing pharmaceutical and nutraceutical advancements to utilise microencapsulation technology, as immunity-boosting supplements are witnessing increased demand.
The major regional markets for microencapsulation are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various coating materials used in the market are carbohydrates, gums and resins, lipids, polymers, and proteins.
The various technologies of microencapsulation are coating, emulsion, spray technologies, and dripping, among others.
The different applications of microencapsulation include pharmaceutical and healthcare products , home and personal care, food and beverages, agrochemicals, construction, and textiles, among others.
The major players in the market are Encapsys, LLC, Ronald T. Dodge Company, BASF SE, Koninklijke DSM N.V., Bayer AG, International Flavors & Fragrances Inc., Givaudan S.A., Balchem Corp., Royal FrieslandCampina N.V., Koehler Paper SE, Lycored Corp., AVEKA Group, Reed Pacific Pty Limited, and Microtek Laboratories, Inc., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124