New York, May 21, 2024 (GLOBE NEWSWIRE) -- Market Overview:
The Global Microencapsulation Market was valued at USD 11.98 billion in 2023 and is anticipated to generate an estimated revenue of USD 27.74 billion by 2032, with a CAGR of 9.9% from 2024 to 2032.
Microencapsulation can be indicated as a procedure for encompassing or blanketing solids, liquids, or gases within a second substance with a consistent coating of polymeric substances submitting microscopic particles. In this procedure, compact detached dense particles or compact liquid globules scattering are encompassed and circumscribed by administering the coating for the impetus of offering environmental safeguarding and regulating the liberation attributes or obtainability of coated agile constituents. The rapidly rising demand of the microencapsulation industry is broadly engaged in transforming retarded drug release from varied pharmaceutical dosage configurations.
Moreover, the microencapsulation market growth can be attributed to the people portraying an inclination for comfort foods. There will be a notable demand for food supplements, flavor, and aroma consolidation on the market, assisting in the acquisition of steady encapsulation procedures. This trend is propelling a contemporary technological advancement in microencapsulation. For instance, in May 2023, TopGum Ltd. declared the instigation of its contemporary caffeine gummy commodity chain, Gummiccino, with the initial usage of its exclusive microencapsulation technology. The technology encourages flavor and escalates food assimilation.
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Fundamental Stats from the Report:
- The global market for microencapsulation was valued at USD 11.98 billion in 2023.
- The market is expected to grow at a 9.9% compound annual growth rate (CAGR) during the forecast period 2024-2032.
- The microencapsulation market size is anticipated to grow to USD 27.74 billion by 2032.
Key Findings from the Report:
- The market for microencapsulation is expanding due to food supplements, predominantly colors, which are broadly engaged in many cuisines, commencing from laddoos to other important dishes and sweets in the food industry.
- The market is primarily segmented by core material, shell material, technology, application, and region.
- North America dominated the market with the largest microencapsulation market share.
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Market Key Players:
- Advanced Bionutrition Corp (US)
- Arcade Beauty (US)
- Aveka Group (US)
- Balchem Corporation (US)
- BASF (Germany)
- Cargill (US)
- Clextral (France)
- Dupont (US)
- Encapsys (US)
Important Market Developments:
Growth Drivers:
- One prominent factor driving the growth of the microencapsulation industry is growing commodity inventions and contemporary formulation tablets, with the growing pervasiveness of several health issues globally. These medicines need regulation over emancipation and steadiness that can assist in instructing the earmarked area in the treatment processes, pushing the usage of microencapsulation. For instance, a 2023 study produced in Nature Biomedical Engineering concentrated on advancing exosome-stocked microcapsules for the cure of vitreoretinal health illnesses.
- Also, the microencapsulation market is anticipated to profit from people choosing nutritious beverages, which is motivating food and beverage makers to produce food and drinks with nourishing constituents. This is a method of restoring the requirement for microencapsulation as it can increase its longevity.
Trends:
- The forecast period will witness a sizeable growth in microencapsulation market demand, mainly due to its escalating usage in the making of food additives, which need microencapsulation technology to enhance the flavor and touch of secured foods by obscuring certain flavors.
Challenges:
- Similar microencapsulation technology is not acceptable for the manifold product gamut, causing an escalated aversion to acquiring contemporary technology dependent on its functioning. The minimal amount of stability offered by microencapsulation, particularly for sensitive pharmaceutical commodities, is expected to restrict market growth during the forecast time span.
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Regional Insights:
North America: The microencapsulation market in North America is expected to increase due to the nation's escalated buying power, which is causing an escalated intake of snacking and protected food.
Asia Pacific: This region is emerging as the fastest-growing due to the increasing intake of aroma and flavor commodities.
Segmentation Overview:
By Core Material Outlook:
- Agricultural inputs
- Food additives
- Pharmaceutical & healthcare drugs
- Fragrances
- Phase change material
- Other core materials (defense and paper & printing.)
By Shell Material Outlook:
- Polymers
- Gums & Resins
- Lipids
- Carbohydrates
- Protein
By Technology Outlook:
- Spray technology
- Dripping technology
- Emulsion technology
- Other technologies (coating, physico-chemical, and chemical technologies.)
By Region Outlook:
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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