Microencapsulation Market Forecast by Technology, Core Material, Application, Shell Material and Region – 2023

1. MarketsandMarkets™ Presents Microencapsulation Market- Global Forecast 2023 https://www.marketsandmarkets.com/Market-Reports/microencapsulation-market-83597438.html

2. The global microencapsulation market was valued at USD 6.3 billion in 2018 and is projected to reach USD 11.8 billion by 2023 at a CAGR of 11.4% from 2018 to 2023. The market is driven by factors such as the increasing demand for fortified food products with health benefits, the increasing demand for agrochemicals due to its controlled release property, growth in construction and construction materials, as well as the widespread application in household & personal care. • Browse 87 market data Tables and 48 Figures spread through 202 Pages and in-depth TOC on "Microencapsulation Market by Technology (Spray, Emulsion, Dripping), Core Material (Pharma & Healthcare Drugs, PCM, Food Additives, Fragrances), Application (Pharma, Household, Agrochemicals, Textiles), Shell Material, and Region - Global Forecast to 2023“ • This report includes a study on the marketing and development strategies, along with a study on the service portfolios of the leading companies. It includes the profiles of leading companies such as BASF (Germany), Royal FrieslandCampina (Netherlands), Syngenta Crop Protection (Switzerland), Koninklijke DSM (Netherlands), Givaudan (Switzerland), Firmenich (Switzerland), Symrise (Germany), International Flavors & Fragrances (US), Sensient Technologies (US), Lycored Corp. (UK), Balchem Corporation (US), Encapsys (US), Arcade Beauty (US), and Koehler Innovative Solutions (Germany). • The years considered for the study are as follows: • Base year – 2017 • Projected year – 2023 • Forecast period – 2018 to 2023 • Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=83597438

3. The pharmaceuticals and healthcare drugs segment, by application, is estimated to account for the largest share in 2018 • Based on application, the microencapsulation market is segmented into pharmaceutical & healthcare products, household & personal care products, food & beverages, agrochemicals, textiles, construction materials, and others. The pharmaceuticals and healthcare drugs segment is estimated to account for the largest market share in 2018. The rising demand for pharmaceutical drugs is expected to drive the demand for the market. • The emulsion technologies segment, by technology, is estimated to witness the fastest growth in the microencapsulation market in 2018 • By technology, the microencapsulation market is segmented into spray technologies, emulsion technologies, dripping technologies, and others. The emulsion technologies segment is projected to record the highest CAGR. The demand for emulsion microencapsulation is increasing due to the simplicity of the process, process safety, and its cost efficiency. • North America is estimated to dominate the microencapsulation market in 2018 • North America accounted for the largest market share of the microencapsulation market in 2017. The market for microencapsulation in the North American region is driven by the growing demand and awareness for value-added products in various areas such as nutrition, food, healthcare, and personal care. Due to this awareness and increased demand, companies are focusing on manufacturing functional products, with novel technologies such as microencapsulation. • Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=83597438

4. Recent Developments: • In August 2018, Balchem Corporation (US) acquired Bioscreen Technologies, S.r.l. (Italy), a manufacturer of fermented and encapsulated feed nutrition ingredient. This acquisition would help the company to accelerate its growth in the animal nutrition & health business segment. • In August 2018, BASF's (Germany) animal nutrition division launched Lucantin NXT product line in the European Union that would gradually be marketed in other countries. The carotenoid formulation would meet the latest regulation that requires ethoxyquin (EQ) to be withdrawn as a stabilizer. • In October 2018, Koninklijke DSM (Netherlands) opened its second animal nutrition & health premix plant in Jadcherla, India. With this expansion, the company expanded its geographical reach as well as increased its production capacity to cater to the growing demands in the region. • The study involves four major activities to estimate the current market size of microencapsulation. Exhaustive secondary research was done to collect information on the market, the peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments. • Request Sample: https://www.marketsandmarkets.com/requestsampleNew.asp?id=83597438

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