Dublin, Aug. 21, 2020 (GLOBE NEWSWIRE) -- The "Microcapsule Market by Technology (Spray, Emulsion, Dripping), End-use Industry (Pharmaceutical & Healthcare, Food & Beverage, Household & Personal Care, Textile, Agrochemical, Others), Shell Material, Core Material, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The Global Microcapsule Market is Projected to Grow from USD 8.7 Billion in 2020 to USD 13.9 Billion by 2025, at a CAGR of 9.8% from 2020 to 2025.
The major reasons for the growth of the microcapsule market include increasing demand from the food industry, high demand from the pharmaceutical industry, rising demand from the agrochemical sector, increased R&D activities for process efficiency to enhance market penetration, and widespread applications of microcapsules
The melamine segment is estimated to lead the microcapsule market in terms of value from 2020 to 2025.
By shell material, the melamine segment is projected to grow with the highest CAGR during the forecast period. The growth of the melamine segment is attributed to the increasing demand for formaldehyde-free melamine in personal care products. Additionally, melamine shell materials offer excellent retention capacity for volatile molecules and tunable mechanical properties that make these melamine capsules highly suitable as a formaldehyde-free alternative to conventional aminoplast microcapsules. These factors have resulted in the growth in demand for melamine shell materials in microcapsule market.
Pharmaceutical & Healthcare Drugs accounted for the largest share of the microcapsule market, by source.
By core material, the pharmaceutical & healthcare drugs segment accounted for the largest share of the microcapsule market in 2019. The increasing demand for the masking of oral drug flavors to drive the growth of the pharmaceutical & healthcare drugs segment. Also, Intensive marketing by key players and increased applications of nutritional elements in functional and fortified foods drive the demand for pharmaceutical & healthcare drugs.
Pharmaceutical & Healthcare accounted for the largest share of the microcapsule market, by source.
By end-use industry, the pharmaceutical & healthcare segment accounted for the largest share of the microcapsule market in 2019. Factors like the controlled release of drugs, timely delivery of functional ingredients, and taste-masking properties of microcapsules drives the growth of the microcapsule market in the pharmaceutical & healthcare end-use industry segment.
Dripping Technologies segment is estimated to lead the microcapsule market in terms of value from 2020 to 2025.
By technology, the dripping technologies segment is projected to grow with the highest CAGR during the forecast period. Dripping technologies include droplet extrusion through spinning disks, jet breakage systems, and coextrusion. These technologies are applied for liquid, solid, hydrophilic, and lipophilic materials. The major advantages of dripping technologies are biocompatibility and low particle size distribution, which is expected to drive the growth for dripping technologies. Also, the growing demand for microencapsulated active ingredients in the pharmaceutical industry to drive market growth for dripping technologies.
North America is projected to lead the microcapsule market during the forecast period, in terms of value.
The North American region is projected to lead the microcapsule market from 2020 to 2025 in terms of value. The microcapsule market in North America is majorly driven by the growing demand and consumer awareness about value-added products in various areas, such as nutrition, food, healthcare, and personal care.
The report defines, segments, and projects the microcapsule market based on shell material, core material, end-use industry, technology, and region. It provides detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and industry-specific challenges. It strategically profiles key players and comprehensively analyzes their market shares and core competencies as well as tracks and analyzes competitive developments, such as expansions, acquisitions, new product launches, and partnerships undertaken by them in the market.
Key market players include BASF SE (Germany), Syngenta Crop Protection AG (Switzerland), Royal FrieslandCampina N.V. (Netherlands), Koninklijke DSM N.V. (Netherlands), Givaudan SA (Switzerland), Firmenich SA (Switzerland), Symrise AG (Germany), International Flavors & Fragrances (US), Lycored Corp. (Israel), and Sensient Technologies Corporation (US).
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Significant Opportunities in Microcapsule Market
4.2 North America Microcapsule Market, by End-Use Industry and Country
4.3 Microcapsule Market, by Region
4.4 Microcapsule Market, by End-use Industry
4.5 Microcapsule Market, by Technology
4.6 Microcapsule Market, by Core Material
4.7 Microcapsule Market in India to Register Highest CAGR During Forecast Period
5 Market Overview
5.2 Market Dynamics
184.108.40.206 Increase in Demand from the Food Industry
220.127.116.11.1 Growing Demand for Modified Functional Food Products
18.104.22.168 High Demand from the Pharmaceutical Industry
22.214.171.124.1 Controlled Drug Delivery
126.96.36.199.2 Targeted Drug Delivery
188.8.131.52 Rising Demand from the Agrochemical Sector
184.108.40.206.1 Controlled Release Technique to Enhance the Efficiency of Agrochemicals
220.127.116.11.2 Controlled Release Application for Convenience in Use
18.104.22.168.3 Reduced Application Cost
22.214.171.124.4 Increasing Environmental Concerns
126.96.36.199 Increased R&D Activities for Process Efficiency to Enhance Market Penetration
188.8.131.52 Widespread Applications of Microcapsules
184.108.40.206 Development of Advanced Technologies to Tap Niche Markets
220.127.116.11.1 Need for Multi-Component Delivery Systems
18.104.22.168 Emerging Economies to Provide High Growth Opportunities
22.214.171.124.1 Government Support in Developing Countries
126.96.36.199 Stability of Microencapsulated Ingredients in Varying Atmospheric Conditions
188.8.131.52 Regulatory Hindrance
184.108.40.206 Selection of Appropriate Technology and Shell Materials for Various Applications
5.3 Porter's Five Forces Analysis
5.4 Future Trends
5.4.1 Food Industry
5.5 Value Chain Analysis
6 Regulatory Framework Governing Microcapsule Market
6.2 Codex Alimentarius Commission (CAC)
6.3 Joint Expert Committee on Food and Agriculture (JECFA)
6.3.2 European Commission
6.4 Country-Wise Regulatory Authorities for Microencapsulation in Food
6.4.1 North America
6.4.3 Asia Pacific
6.4.4 Rest of the World
220.127.116.11 Australia & New Zealand
7 COVID-19 Impact on Microcapsule Market
7.1.1 COVID-19 Impact on Lives and Livelihood
18.104.22.168 Loss of Life
22.214.171.124 Economic Outlook by the International Monetary Fund (IMF)
126.96.36.199 Stimulus Package by G-20 Countries
7.1.2 Impact of COVID-19 on Microcapsule Market: Pharmaceutical Industry
188.8.131.52 Impact on Value Chain: Raw Material Supply
184.108.40.206.1 A Short-Term Hold on New Business Strategies
220.127.116.11.2 New Business Opportunity for Small Scale Companies
7.1.3 Impact of COVID-19 on Microcapsule Market: Food & Beverage Industry
18.104.22.168 Growing Awareness About Functional & Fortified Food Products
22.214.171.124 Surging Demand for Omega-3 and Natural Anti-Oxidants
126.96.36.199 Ongoing Research Activities Supporting the Growth of Nutraceutical Food Products
188.8.131.52 High Demand for Probiotic Supplements
7.1.4 Impact of COVID-19 on Microcapsule Market: Textile Industry
184.108.40.206 Declining Market for Fashion Clothing
220.127.116.11 Continuously Operating Medical and Military Clothing Markets
8 Microcapsule Market, by Technology
8.2 Spray Technologies
8.3 Emulsion Technologies
8.4 Dripping Technologies
9 Microcapsule Market, by End-use Industry
9.2 Pharmaceutical & Healthcare
9.3 Food & Beverage
9.4 Household & Personal Care
10 Microcapsule Market, by Shell Material
11 Microcapsule Market, by Core Material
11.2 Pharmaceutical & Healthcare Drugs
11.3 Food Additives
11.5 Agricultural Inputs
11.6 Phase Change Materials
12 Microcapsule Market, by Region
12.2 North America
12.4 Asia Pacific
12.5 South America
12.6 Middle East & Africa
13 Competitive Landscape
13.2 Competitive Landscape Mapping, 2019
13.2.1 Visionary Leaders
13.2.3 Dynamic Differentiators
13.2.4 Emerging Companies
13.3 Competitive Benchmarking
13.3.1 Strength of Product Portfolio
13.3.2 Business Strategy Excellence
13.4 Market Ranking of Key Players
13.5 Competitive Scenario
13.5.3 New Product Launches
13.5.6 Joint Ventures
14 Company Profiles
14.1 BASF SE
14.2 Royal Frieslandcampina N.V.
14.3 Syngenta Crop Protection AG
14.4 Koninklijke DSM N.V.
14.5 Givaudan SA
14.6 Symrise AG
14.7 Sensient Technologies Corporation
14.8 Lycored Corp.
14.9 Koehler Innovative Solutions
14.10 Balchem Corporation
14.11 Capsul SAS
14.12 Tastetech Ltd.
14.13 Microcapsules Technologies (MCT)
14.14 Insilico Co. Ltd.
14.15 International Flavors & Fragrances
14.16 Matsumoto Yushi Seiyaku Co. Ltd.
14.18 Arcade Beauty
14.19 Reed Pacific
14.20 Firmenich SA
14.21 Other Companies
14.21.1 Ronald T. Dodge Company
14.21.2 Microtek Laboratories, Inc.
14.21.3 Aveka, Inc.
14.21.5 GAT Microencapsulation GmbH
14.21.6 Brace GmbH
14.21.7 Tagra Biotechnologies Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/jodhzu
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