DUBLIN, September 20, 2017 /PRNewswire/ --
The "Microencapsulation Market by Technology (Spray, Emulsion, Dripping), Core Material (Pharmaceutical & Healthcare Drugs, Food Additives), Application (Pharmaceuticals, Food & Beverages), Shell material, and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.
The global market for microencapsulation has grown exponentially in the last few years. The market size is projected to reach USD 10.76 Billion by 2022, growing at a CAGR of around 11.4% from 2017 to 2022
Emerging markets such as India, China, Japan, Brazil, and Argentina are the primary targets of the industry. Factors such as the growing awareness and demand for fortified food products, increasing demand from the pharmaceutical industry for various applications, and the emergence of new technologies are the major factors driving this market. Moreover, achieving enhanced product functionality by microencapsulation helped to drive the microencapsulation industry.
The microencapsulation market was dominated by the North American region in 2016. The Asia Pacific region is projected to be the fastest-growing market during the forecast period since the demand from the food & beverages industry is expected to increase in the coming years. The other factors responsible for the growth of the Asia Pacific market are emerging economies, technological advancements, and growth of industrialization in the region.
Market Dynamics
Drivers
- Increase in Demand for Fortified Food Products With Health Benefits
- Increase in Demand From the Food Industry
- Increase in Demand for Use in Functional Food
- Rise in Demand in the Pharmaceutical Industry
- Controlled Drug Delivery
- Targeted Drug Delivery
- Rise in Demand From the Agrochemicals Sector
- Controlled Release Technique to Enhance the Efficiency of Agrochemicals
- Controlled Release Application for Convenience in Use
- Reduced Application Cost
- Increase in Environmental Concerns
- Growth in R&D Activities for Process Efficiency to Enhance Market Penetration
- Greater Consumer Demand for Functional Products
- Widespread Applications of Microencapsulation
- Rise in Demand to Enhance Product Functionality
Restraints
- High Costs Associated With the Microencapsulated Process
Opportunities
- Development of Advanced Technologies to Tap Niche Markets
- Reduction in Capsule Size and Increase in Bioavailability
- Multi-Component Delivery System
- Emerging Economies to Provide High Growth Opportunities
- Government Support and Rising Economy in Developing Countries
Challenges
- Stability of Microencapsulated Ingredients in Varying Atmosphere
- Regulatory Hindrance
- Technical Constraints Associated With High Costs
- Selection of Technology
Companies Mentioned
- Arcade Beauty
- BASF SE
- Balchem Corporation
- Encapsys LLC.
- Givaudan SA
- International Flavors & Fragrances Inc.
- Koehler Innovative Solutions
- Koninklijke DSM N.V.
- Lycored Corp.
- Royal (Koninklijke) Frieslandcampina N.V.
- Symrise AG
- Syngenta Crop Protection AG
For more information about this report visit https://www.researchandmarkets.com/research/bmdj75/microencapsulation
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