Global Microencapsulation Market: Snapshot

Owing to the increasing requirement of household products and functional foods, the microencapsulation market is expected to boost during the forecast period. Rise in development of the pharmaceuticals industry is presumed to drive demand for microencapsulation. Microencapsulation of active ingredients like optical brighteners, antimicrobial agents, and fragrances in cleaning agents and detergents produce quality.

There is lot of capital investment required for research and development of best-suited shell materials and this may act as a restraining factor in the growth of the microencapsulation market. Despite its capital-intensive nature and requirement, the rate of purchasing power of consumers have increased. With this, the requirement for fortified food products and high performance detergents also extended. Moreover, probiotics, preservatives and food enzymes, dietary supplements, microencapsulated nutrients enhance the taste, nutrient content, texture and shelf life of food products. This in turn is expected to drive demand for global microencapsulation market.

The global microencapsulation market is presumed to be worth a US$9.13 bn by 2020. Technological innovations coupled with development of raw materials are the key factors anticipated to give new approaches for expansion of the market in the years to come.

Pharmaceuticals Contributing More Revenue Generation Owing to Achieving Targeted Drug Delivery

Based on segmentation by application, three important classifications of the global microencapsulation market are pharmaceuticals, household products, agrochemicals and food additives. As per the report, pharmaceuticals was the largest application segment and had a substantial share in the market in the recent past. This is because pharmaceuticals that utilizes microencapsulation helps to achieve sustained release of drugs for a long time, masks chemical odors. It also helps to achieve targeted drug delivery.

North America Contributing Larger Share to Dominate Microencapsulation Due to Growing Healthcare Awareness

The global microencapsulation market is studied on the basis of key geographies North America, Asia Pacific, Europe and Rest of the world. In the field of pharmaceuticals, there was large-scale usage of microencapsulation technology. This was due to advanced and progressive healthcare industries in the regions of Europe and North America.

Not only that, there was widespread consumer acceptance of functional food additive and household products in these regions. This reflected high geographic share of application of microencapsulation technology in both the regions. Therefore both North America and Europe collectively accounted for more share in the microencapsulation market.

Apart from that, Asia Pacific is anticipated to increase the usage of microencapsulated products due to the growing awareness about health and welfare among individuals in its developing nations of India, China and Japan. The Rest of the world is also looking forward to contribute to the market with rising power to purchase and by changing the dietary and retail preferences of its consumers.

To further fuel the demand for microencapsulation in developing regions, manufacturing companies that include food and surfactant, and pharmaceuticals are likely to grow rapidly.

Some of the key players in the global microencapsulation market are Reed Pacific and Aveka Inc., Lipo Technologies, GAT Microencapsulation GmbH, GAT Microencapsulation GmbH, and Microtek Laboratories. Clients across various application industries are provided with customized microencapsulation solutions by these companies. To provide optimum benefits to clients and enhance their functionality, these companies microencapsulate a wide range of active ingredients within shells. Leading companies like Nestle, 3M, P&G, Bayer CropScience and BASF utilize this technology to microencapsulate active ingredients like agrochemicals, adhesives, food additives, vitamins and fragrances.

 
Microencapsulation is the process of enclosing active ingredients such as drugs, pigments, agrochemicals and others inside protective coverings called shells. These shells allow controlled and sustained release of active ingredients. Microencapsulation technology has several advantages, prominent among them being targeted delivery of active ingredients, and sustained release and protection of active ingredients from the external environment. This technology is used in pharmaceuticals, agrochemicals, detergents, functional foods and industrial chemicals, among others. Leading companies such as Nestle, Procter & Gamble Co. (P&G) and others employ the microencaspualtion technology in order to reduce the quantity of raw materials required in the manufacture of final products. This helps these companies lower the cost of manufacturing.
 
This report provides a detailed analysis of the microencapsualtion market in terms of revenue (USD million) for the forecast period from 2014 to 2020. The report highlights the factors contributing to the growth of the market and restraints that the market is expected to face within the forecast period. Detailed forecast has been provided for the microencapsualtion market from 2014 to 2020 for better understanding of the individual market scenario. The microencaspualtion market is described with respect to its various segments along with opportunities that are likely to arise over the next six years.
 
We have included a detailed application and region wise analysis along with the value chain in order to provide a holistic view of the microencapsualtion market. Analysis of Porter’s five forces model has also been included to help understand the competitive intensity in the market. The study comprises market attractiveness analysis, wherein the applications are benchmarked based on their market size, growth rate and general attractiveness.
 
The study provides a conclusive view of the microencapsualtion market by segmenting the market based on its applications. All the applications have been analyzed based on present and future trends, and the market has been estimated from 2014 to 2020. Regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific and Rest of World (RoW).
 
For geographic analysis, the regional market has been segmented into North America, Asia Pacific, Europe and Rest of the World. The market has been segmented on the basis of types of applications such as pharmaceuticals, household products, agrochemicals, food additives and others (specialty and commodity chemicals for industrial markets, etc.) The study segments the market based on application and provides forecast and estimates for each application segment in terms of revenue during the forecast period from 2014 to 2020.
 
Market estimates for this study have been based on revenue which was derived through regional pricing trends. Additionally, the market has been analyzed based on expected demand and the market data for each segment is based on revenues. Microencapsulation is a technology; hence, volumes could not be quantified and have therefore not been considered for analysis. Furthermore, prices considered for the calculation of revenue are average regional prices obtained through primary quotes from numerous regional suppliers, distributors and direct selling regional producers. Forecasts have been based on expected demand from application segments and inflation has not been accounted for in this analysis.
 
The report also offers a competitive landscape of the overall market with company profiles of players such as Lipo Technologies, GAT Microencapsulation GmbH, Aveka Inc, Encapsys, Reed Pacific, Ronald T Dodge Co, Balchem Corporation and Microtek Laboratories. A detailed description of company overview, financial overview, business strategy and SWOT analysis in addition to recent developments provides a thorough idea about the competitive positioning of the players in the market. The report segments the global microencapsualtion market as:
 
Microencapsulation Market - Application Analysis
  • Pharmaceuticals
  • Household products
  • Agrochemicals
  • Food additives
  • Others (Specialty and commodity chemicals for industrial markets, etc)
Microencapsulation Market - Regional Analysis
  • North America
  • Europe
  • Asia Pacific  
  • Rest of the World (RoW)
.