India Microencapsulation Market Size & Outlook, 2024-2030
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India microencapsulation market highlights
- The India microencapsulation market generated a revenue of USD 375.7 million in 2023 and is expected to reach USD 887.4 million by 2030.
- The India market is expected to grow at a CAGR of 13.1% from 2024 to 2030.
- In terms of segment, pharmaceutical & healthcare products was the largest revenue generating application in 2023.
- Home & Personal Care is the most lucrative application segment registering the fastest growth during the forecast period.
Microencapsulation market data book summary
| Market revenue in 2023 | USD 375.7 million |
| Market revenue in 2030 | USD 887.4 million |
| Growth rate | 13.1% (CAGR from 2023 to 2030) |
| Largest segment | Pharmaceutical & healthcare products |
| Fastest growing segment | Home & Personal Care |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pharmaceutical & Healthcare products, Home & Personal Care, Food & Beverages, Agrochemicals, Construction, Textile |
| Key market players worldwide | Basf SE, Evonik Industries AG, Bayer AG, Dow Inc, 3M Co, Balchem Corp, Encapsys, GAT Microencapsulation, Ronald T. Dodge, Innovent Biologics Inc, Natural Capsules, Reed Pacific Media, LycoRed, AVEKA, Microtek Laboratories, TasteTech |
Other key industry trends
- In terms of revenue, India accounted for 2.9% of the global microencapsulation market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China microencapsulation market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 887.4 million by 2030.
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Microencapsulation Market Scope
Microencapsulation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| TasteTech | View profile | 11-50 | Radstock, Bath and North East Somerset, United Kingdom, Europe | https://www.tastetech.com/ |
| Microtek Laboratories | View profile | 11-50 | Dayton, Ohio, United States, North America | https://www.microteklabs.com/ |
| AVEKA | View profile | 101-250 | Minnesota City, Minnesota, United States, North America | http://aveka.com |
| LycoRed | View profile | 251-500 | Beersheba, HaDarom, Israel, Asia | https://www.lycored.com/ |
| Reed Pacific Media | View profile | 11-50 | Sydney, New South Wales, Australia, Oceania | https://reedpacificmedia.com |
| Natural Capsules | View profile | 101-250 | Bangalore, Karnataka, India, Asia | http://www.naturalcapsules.com/ |
| Ronald T. Dodge | View profile | 1-10 | Dayton, Ohio, United States, North America | https://rtdodge.com |
| GAT Microencapsulation | View profile | 11-50 | Ebenfurth, Niederosterreich, Austria, Europe | http://www.microencapsulation.at/ |
| Encapsys | View profile | 101-250 | Appleton, Wisconsin, United States, North America | http://encapsys.com |
| Balchem Corp | View profile | 1301 | 5 Paragon Drive, Montvale, NJ, United States, 07645 | https://www.balchem.com |
| Innovent Biologics Inc | View profile | 4872 | 168 Dongping Street, Suzhou Industrial Park, Jiangsu, Suzhou, China, People's Republic of, 215123 | https://www.innoventbio.com |
| Bayer AG | View profile | 99723 | Kaiser-Wilhelm-Allee 1, Leverkusen, NW, Germany, 51368 | https://www.bayer.com |
| Dow Inc | View profile | 35900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | https://www.dow.com |
| Evonik Industries AG | View profile | 33409 | Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 | https://www.evonik.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
| 3M Co | View profile | 85000 | 3M Center, St. Paul, MN, United States, 55144 | https://www.3m.com |
India microencapsulation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to microencapsulation market will help companies and investors design strategic landscapes.
Pharmaceutical & healthcare products was the largest segment with a revenue share of 67.02% in 2024. Horizon Databook has segmented the India microencapsulation market based on pharmaceutical & healthcare products, home & personal care, food & beverages, agrochemicals, construction, textile covering the revenue growth of each sub-segment from 2018 to 2030.
The microencapsulation market in India is expected to grow at the fastest rate among all the countries in the Asia Pacific region owing to the rapid development of pharmaceutical and food & beverage sector in the past few decades.
The rising consumer spending capacities and increasing health and wellness trends in the country are expected to propel the pharmaceutical industry growth, thus impacting the microencapsulation industry on a positive note.
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Horizon Databook provides a detailed overview of country-level data and insights on the India microencapsulation market , including forecasts for subscribers. This country databook contains high-level insights into India microencapsulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India microencapsulation market size, by application, 2018-2030 (US$M)
India Microencapsulation Market Outlook Share, 2024 & 2030 (US$M)
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