North America Microencapsulation Market To Reach $9.0 Billion By 2030

May 2023 | Report Format: Electronic (PDF)

North America Microencapsulation Market Growth & Trends

The North America microencapsulation market size is anticipated to reach USD 9.0 billion by 2030, according to a new report by Grand View Research, Inc. The industry is expected to expand at a CAGR of 9.4% during the forecast period. Increasing investments in pharmacological research and the consequent development of new-age drugs would create opportunities for microencapsulation applications in the region in the foreseeable future, resulting in significant market growth.

According to a report by Atradius Group, North America is the largest pharmaceutical market, with the U.S. accounting for nearly 45% of consumption and 22% of production globally in 2022. Furthermore, the presence of major multinational enterprises such as Johnson & Johnson, Estee Lauder, Proctor & Gamble, Colgate-Palmolive, and Unilever, with a prime focus on new product development, shall provide opportunities for encapsulation applications such as essential oils for use in cosmetic formulations of beauty care, hair care, and perfumery in the region.

The microencapsulation market in North America is a rapidly evolving industry, driven by advancements in technology, changing consumer demands, and the emergence of new application areas, which are expected to boost the demand for the technology. Additionally, the demand for functional food and nutraceutical products is on the rise in the region. Microencapsulation can be used to enhance the stability, shelf-life, and bioavailability of these products, which has led to increased demand for microencapsulation in the food and beverage industry.

Market players are seeking acquisitions, mergers, and collaborations to develop innovative and advanced solutions. In addition, manufacturers are also adopting notable strategies like geographical expansions and the development of new products to address the demand from end-use industries and enhance their market penetration.

For instance, in October 2021, Milliken & Company, an industrial manufacturer catering to the healthcare, flooring, chemical, and textile industries, announced the acquisition of Encapsys, LLC, a provider of unique microencapsulation products.This acquisition will accelerate the development of sustainable solutions for the markets and customers that Milliken & Company serves, by expanding its portfolio of specialty chemicals with global reach.


key Request a free sample copy or view report summary: North America Microencapsulation Market Report


North America Microencapsulation Market Report Highlights

  • The demand for microencapsulation in pharmaceutical & healthcare applications accounted for 64.7% of the revenue share in 2022, on account of several benefits offered by this technique, including taste and odor masking, protection of drugs from the environment, particle size reduction, and continuous drug delivery

  • The spray technologies segment accounted for the largest revenue share of 33.5% in 2022. Spray technologies offer high encapsulation efficiency, along with the stability of finished products. These features are expected to drive their demand over the forecast period

  • The coating technology segment accounted for a revenue share of 16.1% in 2022. The segment is expected to grow significantly, owing to the use of microencapsulation technology for relatively large particles using the pan coating technique

  • The U.S. dominated the regional market with a revenue share of 82.6% in 2022. The demand for the technology in the country is driven by its increasing use in the food & beverage industry for flavors, fragrances, colorants, and manufacturing of functional foods

North America Microencapsulation Market Segmentation

Grand View Research has segmented the North America microencapsulation market based on application, technology, and region:

North America Microencapsulation Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Pharmaceutical & Healthcare Products

  • Home & Personal Care

  • Food & Beverages

  • Agrochemicals

  • Construction

  • Textile

  • Others

North America Microencapsulation Technology Outlook (Revenue, USD Million, 2018 - 2030)

  • Coating

  • Emulsion

  • Spray Technologies

  • Dripping

  • Others

North America Microencapsulation Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

List of Key Players in the North America Microencapsulation Market

  • Capsulae

  • LycoRed Group

  • BASF SE

  • Balchem

  • Encapsys LLC

  • AVEKA Group

  • Reed Pacific Pty Ltd.

  • Microtek Laboratories, Inc.

  • TasteTech Ltd.

  • GAT Microencapsulation GmbH

gvr icn

GET A FREE SAMPLE

gvr icn

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

gvr icn

NEED A CUSTOM REPORT?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.

Contact us now to get our best pricing.