Microencapsulation Market Size, Share & Trends Analysis Report By Application (Pharmaceutical & Healthcare Products, Home & Personal Care), By Technology (Coating, Emulsion), By Coating Material, By Region, And Segment Forecasts, 2024 - 2030

Microencapsulation Market Size, Share & Trends Analysis Report By Application (Pharmaceutical & Healthcare Products, Home & Personal Care), By Technology (Coating, Emulsion), By Coating Material, By Region, And Segment Forecasts, 2024 - 2030

Microencapsulation Market Growth & Trends

The global microencapsulation market size is anticipated to reach USD 25.97 billion by 2030, expanding at a CAGR of 10.4% during the forecast period, according to a new report by Grand View Research, Inc. The market growth is anticipated to be driven by the rising demand for flavors, fragrances, essential oils, minerals, vitamins, enzymes and bioactive compounds in food and beverage products specifically in emerging economies.

The introduction of new fibers by the global market players is expected to rise the demand for microencapsulation over the forecast period. For instance, a composite fiber called Crabyon from chitosan that Pozzi Electra had created is well-known for its therapeutic capabilities. In addition, Solvay launched Emana a polyamide 6.6 yarn containing bioactive mineral crystals in its polymer matrix. A specialty yarn Nilit breeze manufactured by Nilit was designed for summer season, to create soft-touch, with a unique cooling effect. These cosmetotextiles are expected to drive the market growth over the projected period.

The presence of manufacturing bases in the U.S. of pharmaceuticals, food & beverages, home & personal care such as Johnson & Johnson, Pfizer and Merck & Co. and Cargill are expected to augment the demand for novel drug delivery systems, efficient drug development and food additives, which in turn is expected to fuel the technology’s growth over the forecast period.

An efficient method for regulating the release characteristics of active substances that increases the usefulness of cosmetotextiles is called as the microencapsulation technology. The growing trend in enhancing beauty through health means is driving the demand for microencapsulated phase change materials for special functionalities such as perfuming, cleansing, changing appearance, refreshing, relaxing, and protection.

Microencapsulation manufacturers are seeking collaborations, mergers, and acquisitions to develop advanced and innovative solutions. In addition, manufacturers are also adopting several strategies like new product development, and geographical expansion, to enhance their market penetration and cater to end-use industries. For instance, Capsulae signed a partnership with Ecomeris, a French R&D centered company, involved in microencapsulation technologies. Through these technologies and commercial partnership, companies are aiming at developing microencapsulation technologies and formulations to provide bio-based innovative solutions. The partnership is expected to meet the expectation of their customers and accelerate their development in the areas of agriculture, food, environment, detergents, cosmetics, and animal health.

Microencapsulation Market Report Highlights

• The pharmaceutical & healthcare application segment accounted for 65.6% of the global revenue share in 2023 on account of several benefits offered by microencapsulation including taste and odor masking, protection of drugs from environment, particle size reduction, continuous drug delivery, and cell encapsulation.
• The carbohydrates coating material segment accounted for a 20.0% share of the global revenue in 2023 due to their low viscosities at high solids contents, superior solubility, and carbohydrate coating materials.
• The coating technology segment accounted for a 15.9% share of the global revenue in 2023 owing to the microencapsulation of relatively large particles is encapsulated using pan coating technique.
• North America accounted for 36.6% of the global revenue share in 2023. The demand is driven by its increasing use in food & beverage industry for flavors, fragrances, colorants, and manufacturing of functional foods.
• Balchem Company acquired Innovative Food Processors (IFP), Inc., a producer of microencapsulated and agglomerated nutrition and food additives. The headquarters of IFP are in Minnesota, USA. The business produces high performance powders and encapsulates to help its customers improve the flavor and functionality of their food and beverage offerings. IFP is a part of Balchem's Health business and Human Nutrition division, which also includes the Pharma and Nutrition business unit, which offers value-added nutrition items like Albion minerals and VitaCholine.
• Market players operating in microencapsulation market include Capsulae, LycoRed Group, BASF SE, Balchem, Encapsys LLC, AVEKA Group
• In March 2022, Reed Pacific introduced a novel cosmetic-grade microcapsule named "Potenza Argan Oil." This microcapsule, designed for cosmetic applications, allows for easy incorporation of high concentrations of Argan Oil into water-based formulations without compromising the stability of the end product. Through encapsulation, Potenza Argan Oil significantly enhances the efficiency and shelf life of the oil while preventing oxidation of its fatty acids by minimizing exposure to light and air.

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