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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
North America is Expected to Hold a Significant Share in the Overall Growth of the Market
The microencapsulation market is predicted to be led by North America in the coming years. This can be associated with the augmented demand for value-added goods in food, healthcare, nutrition, and the personal care industries, among others. Further, growing expenditure on the healthcare sector, favourable medical policies, and inflating per capita income of the people are some of the factors providing impetus to the market in North America. In addition to this, the widespread presence of leading pharmaceutical and nutraceutical companies in the regions that are constantly engaged in research and development (R&D) for the development of functional drugs with revolutionary technologies such as microencapsulation are positively influencing the growth of the market in the region.
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 12.15 billion in 2023.
The market is projected to grow at a CAGR of 12.95% 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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