The global microencapsulation market size is expected to reach USD 19.35 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 13.7% over the forecast period. Rising demand for microencapsulated fragrances, bleach activators, and anti-bacterial compounds in the home and personal care industry is expected to propel industry growth.
Increasing penetration of the technology in the pharmaceutical application for the controlled and sustained release of drugs is likely to be a key factor for the industry expansion. In addition, use of the technology in masking odor, taste, and activities of encapsulated drug ingredients is expected to benefit expansion of the microencapsulation market over the projected period.
High initial investments for the technology development, coupled with dominance of the existing market players, are expected to be a threat for the new entrants. However, scope for innovations in the upcoming fields such as phase change materials (PCM) to incorporate them in sports equipment, building materials, and textiles is expected to drive the product demand.
Microencapsulation technique offers viable texture blending, appealing aroma release, and taste to flavors and fragrances used in the food and beverage products. Microencapsulation of flavors protects them from evaporation, oxidation, and thermal degradation, and extends the shelf-life by retaining the food flavors, which is projected to drive their demand in this application.
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Further key findings from the study suggest:
In 2018, protein-based coating materials accounted for 26.3% share of the overall revenue on account of their superior binding properties, which enable their application in flavor compounds used in the food and beverage industry
Emulsion technology is expected to exhibit a CAGR of 13.9% from 2019 to 2025 on account of its rising demand for encapsulating essential oils to protect its flavors and fragrances in the end-use applications
Home and personal care industry accounted for 9.2% share of the overall revenue in 2018 on account of surging demand for the technology to produce cosmetics, including perfume, soap, lotion, cream, shampoo, and washing liquids
Pharmaceutical industry is expected to expand at a CAGR of 13.4% owing to benefits offered by the technique such as particle size reduction for enhancing the solubility of the poorly soluble drugs, sustained drug delivery and a cell encapsulation
Europe generated revenue of USD 2.51 billion in 2018, with a majority of share derived from pharmaceutical application
Major players operating in the microencapsulation market operate their business through strategic partnerships and tie-ups with end-user industries, wherein they offer client specific technology solutions.
Grand View Research has segmented the global microencapsulation market on the basis of coating material, technology, application, and region:
Microencapsulation Coating Material Outlook (Revenue, USD Million, 2014 - 2025)
Gums & Resins
Microencapsulation Technology Outlook (Revenue, USD Million, 2014 - 2025)
Microencapsulation Application Outlook (Revenue, USD Million, 2014 - 2025)
Pharmaceutical & health care products
Home & personal care
Food & beverages
Microencapsulation Regional Outlook (Revenue, USD Million, 2014 - 2025)
Rest of World
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