Microencapsulation Market Worth $17.31 billion by 2027, Growing at a CAGR of 11.7% from 2020 - Exclusive Report by Meticulous Research®

Microencapsulation Market by Coating Material (Polysaccharides, Proteins), Technology [Physico-Mechanical (Spray Drying, Coextrusion); Physico-Chemical; Chemical], Application (Pharmaceutical, Food), Core Material, and Core Form - Global Forecast to 2027

London, June 24, 2021 (GLOBE NEWSWIRE) -- According to a new market research report, Microencapsulation Market by Coating Material (Polysaccharides, Proteins), Technology [Physico-Mechanical (Spray Drying, Coextrusion); Physico-Chemical; Chemical], Application (Pharmaceutical, Food), Core Material, and Core Form - Global Forecast to 2027”, published by Meticulous Research®, the microencapsulation market is expected to grow at a CAGR of 11.7% from 2020 to 2027 to reach $17.31 billion by 2027.

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Factors such as the increasing adoption of microencapsulation in the pharmaceutical industry for controlled & targeted release of active compounds (sustained or delayed-release), growing demand from the functional food industry, rising demand from the agrochemical sector, strong growth in the cosmetics industry, and growing demand for microencapsulated fragrances in home and personal care products are driving the growth of the overall microencapsulation market. However, the high production cost of microencapsulation and increasing demand for nano-encapsulation technology, especially in pharmaceutical applications, are the key factors expected to restrain the future growth of this market.

The microencapsulation market studied in this report is majorly segmented by the core material, core form, coating material, method, application, and country/region.

Based on core material, the microencapsulation market is mainly segmented into pharmaceutical and healthcare drugs; food, feed, & nutraceuticals; fragrances; agricultural inputs; phase change materials; and other core materials. In 2020, the pharmaceutical and healthcare drugs segment accounted for the largest share of the overall microencapsulation market. Compared to other technologies, the cost-effectiveness, particle size reduction for high solubility, and controlled and sustained release of drugs are the major factors responsible for the largest share of this segment.

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Based on core form, the microencapsulation market is segmented into liquid, solid, and gas. In 2020, the liquid segment commanded the largest share of the overall microencapsulation market. The use of microencapsulation for converting liquid core active substances, such as oils, pigments, solvents, perfumes, and agrochemicals to solid/powder form, is majorly attributed to the large share of this segment. These liquid materials have the property of getting dissolved and dispersed, which needs microencapsulation requirements for their enhanced timely delivery and better performance.

Based on coating material, the microencapsulation market is segmented into polysaccharides, proteins, lipids & waxes, gums and resins, and other coating materials. In 2020, the polysaccharides segment accounted for the largest share of the overall microencapsulation market. Also, the polysaccharides segment is estimated to grow at the highest CAGR during the forecast period. The large share and fast growth of this segment is mainly attributed to its increasing usage in the food industry and easy approval of polysaccharides by regulatory authorities. Polysaccharides can be obtained from abundant renewable sources and are typically non-toxic, making them valuable for food and pharmaceutical formulations. Further, starch is the most consumed polysaccharide in the human diet. It is generally regarded as safe material and is therefore listed in the GRAS list of the U.S. Food and Drug Administration.

Based on method, the microencapsulation market is segmented into physio-mechanical, physio-chemical, chemical, and other methods. In 2020, the physio-mechanical methods segment accounted for the largest share of the overall microencapsulation market, followed by physio-chemical methods, chemical methods, and other methods.

Based on technology, the physio-mechanical methods market is segmented into spray drying, fluidized bed spray coating, coextrusion, spray chilling or congealing, and other physio-mechanical methods (spinning disk/rotational suspension separation, and phase inversion precipitation/centrifugal extrusion). The spray drying segment accounted for the largest share of the overall physio-mechanical methods market in 2020. The spray drying method is largely used in microencapsulation mainly due to the rapid processing at low cost, a wide choice of coating material, good encapsulation efficiency, stability of the finished product, and the possibility of large-scale production in the continuous mode.

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Based on application, the microencapsulation market is segmented into pharmaceuticals; home and personal care; food, feed, and nutraceuticals; agrochemicals; and other applications. In 2020, the pharmaceuticals segment accounted for the largest share of the overall microencapsulation market. The major use of microencapsulation in the pharmaceutical industry to protect drugs from the environment, stabilize sensitive drug substances, eliminate incompatibilities, or mask unpleasant taste is one of the major drivers for the growth of this segment. The demand for microencapsulated biomolecules is increasing in the pharmaceutical industry due to its effective and targeted delivery.

Geographically, the microencapsulation market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2020, North America accounted for the largest share of the global microencapsulation market, followed by Europe and Asia-Pacific. The large share of this region can be attributed to the presence of a large number of microencapsulation technology providers; strong functional food, pharmaceutical, and agrochemical sectors; growing demand for functional products with novel technologies, such as microencapsulation; and increasing innovation in the personal care & cosmetics industries. However, Asia-Pacific region is slated to register the highest CAGR during the forecast period.

The key players operating in the global microencapsulation market are Givaudan S.A. (Switzerland), International Flavors & Fragrances, Inc.(U.S.), Encapsys, LLC (U.S.), Reed Pacific Pty Limited (Australia), Firmenich Incorporated (Switzerland), Symrise AG (Germany), Ingredion Incorporated (U.S.), BASF SE (Germany), MikroCaps D.O.O (Slovenia), Koehler Innovative Solutions (Germany), DSM N.V. (Netherlands), Sensient Technologies Corporation (U.S.), Evonik Industries AG, (Germany), Micropore Technologies Limited (U.K.), and CAPSULARIS (France), among others.

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Scope of the Report:

Microencapsulation Market, by Core Material

  • Pharmaceutical and Healthcare Drugs
  • Food, Feed, and Nutraceuticals
    • Vitamins and Minerals
    • Enzymes
    • Organic Acids
    • Prebiotics and Probiotics
    • Sweeteners
    • Flavors and colors
    • Amino Acids and Proteins
    • Essential Oils
    • Other Food, Feed, and Nutraceutical Industry Core Materials
  • Fragrances
  • Agriculture Inputs
  • Phase Change Materials
  • Other Core Materials

Microencapsulation Market, by Core Form

  • Liquid
  • Solid
  • Gas

Microencapsulation Market, by Coating Material

  • Polysaccharides
  • Polymers
  • Proteins
  • Lipids and Waxes
  • Gums and Resins
  • Other Coating Material

Microencapsulation Market, by Technology

  • Physico-mechanical Methods
    • Spray Drying
    • Fluidized Bed Spray Coating
    • Coextrusion
    • Spray Chilling or Congealing
    • Other Physico-mechanical Methods
  • Physico-Chemical Methods
    • Coacervation or Phase Separation Methods
    • Other Physico-chemical Methods
  • Chemical Methods
    • In-Situ Polymerization
    • Interfacial Polymerization
  • Other Microencapsulation Methods

Microencapsulation Market, by Application/Industrial Sector

  • Pharmaceutical Industry
  • Home and Personal Care Industry
    • Personal Care Industry
      • Skincare Products
      • Haircare Products
      • Deodorants and Perfumes
      • Other Personal Care Products
    • Home Care Industry
      • Laundry Detergents and Fabric Conditioners
      • House Cleaning Agents
      • Other Home Care Products
    • Food, Feed, and Nutraceutical Industry
    • Agrochemical Industry
    • Other Industrial Sectors

Microencapsulation Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • Latin America
  • Middle East & Africa

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