According to a market report by Lucintel, the future of the microencapsulation market looks promising with opportunities in the pharmaceutical, agrochemicals, food and feed, and textile application segments. The microencapsulation market is expected to grow with a CAGR of 11% from 2019 to 2024. The major drivers for this market are increasing demand for fortified food products with health benefits, rise in demand from the agrochemical sector, and widespread applications of microencapsulation.
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In this market, spray, emulsion, and dripping technologies are used for masking tastes, odors, and activities of encapsulated structures. Spray is the largest technology segment of the microencapsulation market.
Within the microencapsulation market, polymers, gums & resins, lipids, carbohydrates, and proteins are the major shell material segments. Carbohydrates are the largest shell material segment of the microencapsulation market.
Pharmaceutical & healthcare drugs, food additives, fragrances, agricultural inputs, and phase change materials are the major core material segments of the microencapsulation market.
North America will remain the largest region over the forecast period due to the growing demand and awareness of value-added products in various areas, such as nutrition, food, healthcare, and personal care. Moreover, companies are focusing on manufacturing functional products with novel technologies.
BASF, Syngenta Crop Protection, Royal (Koninklijke) Frieslandcampina, Koninklijke DSM, Givaudan, Symrise, International Flavors & Fragrances, Lycored, Koehler Innovative Solutions, and Balchem Corporation are among the major players in the microencapsulation market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the microencapsulation market by technology, core material, shell material, application, and region. Lucintel has prepared a comprehensive research report titled "Microencapsulation Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the microencapsulation market by technology, core material, shell material, application, and region as follows:
By Technology [$M shipment analysis for 2013 – 2024]:
Spray Technologies
Emulsion Technologies
Dripping
Others
By Core Material [$M shipment analysis for 2013 – 2024]:
Pharmaceutical and Healthcare Drugs
Food Additives
Fragrances
Agricultural Inputs
Phase Change Materials
Others
By Shell Material [$M shipment analysis for 2013 – 2024]:
Polymers
Gums and Resins
Lipids
Carbohydrates
Proteins
By Application [$M shipment analysis for 2013 – 2024]:
Pharmaceutical and Healthcare Products
Food and Beverages
Household & Personal Care Products
Agrochemicals
Construction Materials
Textiles
Others
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
United Kingdom
Germany
France
Italy
Spain
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/microencapsulation-market.aspx or helpdesk@lucintel.com.
About Lucintel
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