The $9.8 Billion global Microcapsule market is one of the fastest growing markets with a 10.65% growth rate, owing to the rapid adoption of Spray Technologies, Emulsion, Coating, Dripping, and Other technologies. Further, widening applications across pharmaceuticals and healthcare, food and beverages, household and personal care, textile, agrochemicals, and other end-user industries support the liquid and solid microcapsule market outlook. The microcapsule research report provides forecasts of market size, market share, insights, and opportunities. Further, 10 leading companies are analyzed in the report along with the market size outlook for 25 countries worldwide.
Introduction to Microcapsule Markets, 2023
Microcapsules with particles in the size range of 1–100 μm find diverse applications for encapsulation, protection, and separation of actives from the surrounding environment. Amidst robust market demand, companies are launching versatile composite microcapsules using diverse raw materials.
Global Microcapsule Market Size Outlook (US$ Billion) and Growth Forecasts (%), 2021- 2030
The chart below provides the market size of microcapsules at the global level for the year 2022. Further, the microcapsule market size and microcapsule market growth forecasts are made from 2021 to 2030-
The global microcapsule market is valued at $9.8 billion in 2022. The market is currently in the growth phase of development, supporting a strong inflow of investments from companies worldwide. The microcapsule market size is forecast to increase from $9.8 billion in 2022 to $22 billion in 2030, at a compounded annual growth rate (CAGR) of 10.65% between 2023 and 2030.
Microcapsule Market Trend- Pharmaceuticals and Healthcare applications hold the dominant market share in the industry
Microcapsules are currently used predominantly in pharmaceutical applications, driven by advantages such as more stable, alterable pore size and thickness. With an increasing demand for controlled drug delivery systems, the demand for microencapsulation is set to further increase in the industry. Through different release mechanisms such as diffusion, dissolution, osmosis, and erosion, the core material is delivered to the target cell.
A wide range of applications for microcapsules in the pharmaceutical industry supports the dominant market share of the segment. During 2020, over 54% of the microcapsule demand in value terms originated from the pharmaceutical industry. Key applications such as the use of microcapsules in preparing tablets, capsules, and other dosage forms, masking the taste of drugs, protecting drugs from environmental hazards, decreasing volatility, reducing gastric irritation, prolonged delivery, controlled release, and targeted delivery of drugs.
Microcapsule Market Share Analysis- Spray technologies and emulsions are the leading types of microcapsules
Spray technologies are widely used for microencapsulation driven by ease of application, relatively low costs, and widespread adoption of spray technologies across end-user industries. The simple continuous processing technology allows quick solvent evaporation from the droplets and also maintains the low temperature in the materials.
The global microcapsule market is dominated by spray form followed by emulsion technology with a USD 2.8 billion market size. While coating technology accounted for USD 1.6 billion, dripping was the next largest form of microencapsulation with a USD 1.1 billion market size.
Microcapsule Market Driver- A healthy food consumption drive supports microencapsulation in food and beverages
Microencapsulation technology produces spherical microcapsules for protecting the active ingredient- beneficial nutrients by coating them with an encapsulating agent. This coating will help retention of the nutrients and health benefits of the core ingredients such as omega-3 PUFA, vitamins, minerals, nutrients, essential oils, and others. Further, it also supports reduced aroma, improved stability, lower volatility, and reactivity along with even and uniform distribution of the encapsulated material in the food products. Food grade, biodegradable coating materials such as Polysaccharides and Protein films are witnessing significant demand growth as they provide efficient protection against light, air, temperature, and humidity ranges.
Microcapsule Competitive Landscape
The global microcapsule market is dominated by companies based in European and North American countries. Amidst strong growth scope in the microcapsules market, companies are investing significantly in R&D activities. Collaborations, new product launches, and focus on niche application segments are among the key strategies opted for by companies. Key Microcapsule companies analyzed in the report include International Flavors and Fragrances, BASF SE, Syngenta Corp Protection, Koninklijke DSM NV, Symrise AG, Sensient Technologies, Givaudan SA, Balchem Corp, FrieslandCampina NV, Lycored Corp, and others.
Microcapsule Market Segmentation
Types
Applications
Companies
Regions
1. Executive Summary
1.1 Introduction to Microcapsule Markets
1.2 Microcapsule Market Size Outlook, 2021- 2030
1.3 Growth Opportunities in Microcapsule Industry
1.4 Winning Strategies for the post-pandemic future
2. Report Guide
2.1 Market Definition and Scope
2.2 Market Segmentation
2.3 Research Methodology
2.4 Forecast Methodology
2.5 List of Abbreviations
3. Growth Opportunity Analysis
3.1 Key Microcapsule Market Trends
3.1.1 Robust opportunities in niche food and beverage applications
3.1.2 Technical advancements and growing R&D investments
3.1.3 Focus on expanding into emerging markets
3.2 Key Microcapsule Market Growth Drivers
3.2.1 Strong demand from pharmaceutical companies for stable microcapsules
3.2.2 Consumer preference for microencapsulated cosmetics and fragrances
3.2.3 Government support for healthcare applications
3.3 Key Microcapsule Market Growth Restraints
3.3.1 Stringent government regulations
3.3.2 Instability of microcapsules in varying atmospheric conditions
4 Microcapsule Market Outlook – Scenario Analysis
4.1 Low Growth Case Scenario Forecasts: Microcapsule Market Size Outlook to 2030
4.2 Reference Growth Case Scenario Forecasts: Microcapsule Market Size Outlook to 2030
4.3 High Growth Case Scenario Forecasts: Microcapsule Market Size Outlook to 2030
5. Microcapsule Market Segmentation- Outlook by Core Material
5.1 Microcapsule Market Share Analysis by Type, 2023
5.2 Liquid Material-based Microcapsule Market Outlook to 2030
5.3 Solid Material-based Microcapsule Market Outlook to 2030
5.4 Others
6. Microcapsule Market Segmentation- Outlook by Technology
6.1 Microcapsule Market Share Analysis by Technology, 2023
6.2 Spray Technologies: Microcapsule Market Outlook to 2030
6.3 Emulsion: Microcapsule Market Outlook to 2030
6.4 Coating: Microcapsule Market Outlook to 2030
6.5 Dripping: Microcapsule Market Outlook to 2030
6.6 Others
7. Microcapsule Market Segmentation- Outlook by Application
7.1 Microcapsule Market Share Analysis by Application, 2023
7.2 Pharmaceuticals and Healthcare: Microcapsule Market Outlook to 2030
7.3 Food and Beverages: Microcapsule Market Outlook to 2030
7.4 Household and Personal Care: Microcapsule Market Outlook to 2030
7.5 Textile: Microcapsule Market Outlook to 2030
7.6 Agrochemicals: Microcapsule Market Outlook to 2030
7.7 Others: Microcapsule Market Outlook to 2030
8. North America Microcapsule Market Outlook and Opportunities to 2030
8.1 Market Snapshot, 2023
8.2 North America Microcapsule Market Growth Opportunities
8.2.1 North America Microcapsule Market Outlook by Type, 2021 to 2030
8.2.2 North America Microcapsule Market Outlook by Application, 2021 to 2030
8.2.3 North America Microcapsule Market Outlook by Country, 2021 to 2030
8.3 United States Microcapsule Market Outlook, 2021 to 2030
8.4 Canada Microcapsule Market Outlook, 2021 to 2030
8.5 Mexico Microcapsule Market Outlook, 2021 to 2030
9. Europe Microcapsule Market Outlook and Opportunities to 2030
9.1 Market Snapshot, 2023
9.2 Europe Microcapsule Market Growth Opportunities
9.2.1 Europe Microcapsule Market Outlook by Type, 2021 to 2030
9.2.2 Europe Microcapsule Market Outlook by Application, 2021 to 2030
9.2.3 Europe Microcapsule Market Outlook by Country, 2021 to 2030
9.3 Germany Microcapsule Market Outlook, 2021 to 2030
9.4 France Microcapsule Market Outlook, 2021 to 2030
9.5 United Kingdom Microcapsule Market Outlook, 2021 to 2030
9.6 Spain Microcapsule Market Outlook, 2021 to 2030
9.7 Italy Microcapsule Market Outlook, 2021 to 2030
9.8 Other Europe Microcapsule Market Outlook, 2021 to 2030
10. Asia Pacific Microcapsule Market Outlook and Opportunities to 2030
10.1 Market Snapshot, 2023
10.2 Asia Pacific Microcapsule Market Growth Opportunities
10.2.1 Asia Pacific Microcapsule Market Outlook by Type, 2021 to 2030
10.2.2 Asia Pacific Microcapsule Market Outlook by Application, 2021 to 2030
10.2.3 Asia Pacific Microcapsule Market Outlook by Country, 2021 to 2030
10.3 China Microcapsule Market Outlook, 2021 to 2030
10.4 Japan Microcapsule Market Outlook, 2021 to 2030
10.5 India Microcapsule Market Outlook, 2021 to 2030
10.6 South Korea Microcapsule Market Outlook, 2021 to 2030
10.7 Indonesia Microcapsule Market Outlook, 2021 to 2030
10.8 Other Asia Pacific Microcapsule Market Outlook, 2021 to 2030
11. South and Central America Microcapsule Market Outlook and Opportunities to 2030
11.1 Market Snapshot, 2023
11.2 South and Central America Microcapsule Market Growth Opportunities
11.2.1 South and Central America Microcapsule Market Outlook by Type, 2021 to 2030
11.2.2 South and Central America Microcapsule Market Outlook by Application, 2021 to 2030
11.2.3 South and Central America Microcapsule Market Outlook by Country, 2021 to 2030
11.3 Brazil Microcapsule Market Outlook, 2021 to 2030
11.4 Argentina Microcapsule Market Outlook, 2021 to 2030
11.5 Other Latin America Microcapsule Market Outlook, 2021 to 2030
12. Middle East and Africa Microcapsule Market Outlook and Opportunities to 2030
12.1 Market Snapshot, 2023
12.2 Middle East and Africa Microcapsule Market Growth Opportunities
12.2.1 Middle East and Africa Microcapsule Market Outlook by Type, 2021 to 2030
12.2.2 Middle East and Africa Microcapsule Market Outlook by Application, 2021 to 2030
12.2.3 Middle East and Africa Microcapsule Market Outlook by Country, 2021 to 2030
12.3 Saudi Arabia Microcapsule Market Outlook, 2021 to 2030
12.4 United Arab Emirates (the UAE) Microcapsule Market Outlook, 2021 to 2030
12.5 Other Middle East Microcapsule Market Outlook, 2021 to 2030
12.6 Egypt Microcapsule Market Outlook, 2021 to 2030
12.7 South Africa Microcapsule Market Outlook, 2021 to 2030
12.8 Other Africa Microcapsule Market Outlook, 2021 to 2030
13. Profiles of major world Microcapsule Companies
13.1 International Flavors and Fragrances
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.2 BASF SE
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.3 Syngenta Corp Protection
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.4 Koninklijke DSM NV
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.5 Symrise AG
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.6 Sensient Technologies
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.7 Givaudan SA
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.8 Balchem Corp
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
- Financial Profile
13.9 FrieslandCampina NV
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.10 Lycored Corp
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
14. Appendix
14.1 Publisher’s Expertise
14.2 List of Tables and Charts
14.3 List of Exhibits
14.4 Legal Disclaimer
Robust opportunities in niche food and beverage applications, technical advancements and growing R&D investments, focus on expanding into emerging markets, strong demand from pharmaceutical companies for stable microcapsules, consumer preference for microencapsulated cosmetics and fragrances, government support for healthcare applications, and others.
The global microcapsule market is valued at $9.8 billion in 2022.
The microcapsule market size is forecast to increase from $9.8 billion in 2022 to $22 billion in 2030, at a compounded annual growth rate (CAGR) of 10.65% between 2023 and 2030.
International Flavors and Fragrances, BASF SE, Syngenta Corp Protection, Koninklijke DSM NV, Symrise AG, Sensient Technologies, Givaudan SA, Balchem Corp, FrieslandCampina NV, Lycored Corp, and others
The pharmaceuticals and healthcare segment offers the most potential microcapsule growth prospects in both developed and emerging markets.