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MA20116726 |
Pages: 280 |
Oct 2023 |
Microencapsulation Overview
In a wide range of sectors, active compounds are protected and delivered using a process called microencapsulation, which has many advantages for the creation and delivery of products. Microcapsules are made by encasing minute particles or droplets of an active ingredient inside of a barrier or shell. These microcapsules can be made to release the enclosed material under particular circumstances and can range in size from nanometers to several micrometres. The shell material, which is usually formed of polymers or lipids, surrounds the core material, which can be a solid, liquid, or gas. The qualities of the core substance and the desired application influence the choice of shell material. Several methods, including spray drying, coacervation, fluidized bed coating, and emulsification, can be used to accomplish microencapsulation.
Global Microencapsulation Market Analysis
The global microencapsulation market size was $12,074.6 million in 2022 and is predicted to grow with a CAGR of 10.1%, by generating a revenue of $31,596.3 million by 2032.
COVID-19 Impact on Global Microencapsulation Market
The COVID-19 pandemic had a significant impact on the global microencapsulation market. During the pandemic, the demand for pharmaceutical and nutraceutical products surged, creating a greater need for microencapsulation technology to improve drug delivery and create useful products. Moreover, businesses concentrated on creating capsule medications and dietary supplements that may enhance immune health and general wellbeing. Microencapsulated antimicrobial compounds have been included into a variety of products, including surface coatings, textiles, and personal care items, in response to the demand for improved sanitization and hygiene practises. The pandemic increased consumer interest in functional goods and nutraceuticals by raising awareness of health and wellness. To deliver bioactive substances and vitamins in functional meals, beverages, and supplements, microencapsulation technologies will continue to be extremely important. The COVID-19 pandemic hastened pharmaceutical industry research and development. Drug delivery innovations such as targeted medicines, prolonged release formulations, and personalised medicine will benefit from microencapsulation.
Growing Demand for Functional and Specialty Products to Drive the Market Growth
Consumer tastes are moving in favour of goods with improved features and increased advantages. Microencapsulation allows pharmaceuticals, functional foods, beverages, personal care items, and other goods to contain volatile or sensitive ingredients. The regulated and sustained release of active compounds afforded by microencapsulation allows for improved efficacy and performance in several applications. Furthermore, it extends the shelf life of objects by protecting sensitive substances from deterioration and the impacts of the environment. As a result of continued research and development, significant advancements have been made in microencapsulation processes such as fluidized bed coating, spray drying, and coacervation. These advancements improve the effectiveness, scalability, and adaptability of microencapsulation methods.
Cost of Microencapsulation Technologies to Restrain Market Growth
Microencapsulation technology implementation can be expensive, especially for small and medium-sized businesses. The adoption of microencapsulation in some applications could be constrained by the initial expenditure in machinery and research. Microencapsulation formulation design and optimisation can be a difficult technique requiring knowledge and resources. It may be challenging to develop stable and effective microcapsules for specific uses, which may cause delays in the development and commercialization of new goods. It can be challenging to transfer microencapsulation techniques from small-scale to large-scale production. Maintaining consistent product quality and process effectiveness throughout scale-up is critical, but this may demand additional validation and optimisation work.
Growing Demand for Functional Foods and Nutraceuticals to Drive Excellent Opportunities
The pharmaceutical industry is expected to continue to invest in medication delivery technologies that use microencapsulation. Advances in biodegradable and stimulus-responsive polymers will enable the development of smart medicine delivery devices. This will enable the development of tailored and targeted treatments with better efficacy and fewer side effects. Consumers are increasingly seeking things that provide health benefits in addition to those provided by basic nutrition, which is driving the market for functional foods and nutraceuticals. Microencapsulation will make it easier to include delicate bioactive compounds into food items, increasing the stability and regulated release of healthful nutrients.
Global Microencapsulation Market Share, by Application, 2022
The pharmaceutical & healthcare sub-segment accounted for the highest share in 2022. Drug delivery that is prolonged and targeted is made possible by microencapsulation, which allows for the regulated release of medications over an extended period. Pharmaceutical companies can use this technology to create long-acting formulations that increase patient compliance and cut down on dose frequency. Drugs can be shielded via microencapsulation from deterioration and interactions with the environment, including light, moisture, and oxygen. The shelf life of pharmaceutical medicines is extended thanks to the improved stability, retaining their potency over time.
Global Microencapsulation Market Share, by Technology, 2022
The spray technologies sub-segment accounted for the highest market size in 2022. When it comes to the types of materials that can be encapsulated, spray technologies provide versatility. A wide variety of active chemicals, such as medications, nutraceuticals, flavours, perfumes, and functional food additives, can be contained by them. When compared to alternative encapsulation techniques, spray-based microencapsulation processes are frequently more affordable, making them appropriate for mass manufacturing.
Global Microencapsulation Market Share, by Coating Material, 2022
The polymers sub-segment accounted for the highest market size in 2022. For encapsulating various kinds of active substances, such as hydrophobic or hydrophilic chemicals, polymers provide a variety of alternatives. To get the best encapsulation efficiency, researchers might select particular polymers based on the characteristics of the core material. The protective barrier created by the polymers employed in microencapsulation surrounds the active chemicals, protecting them from elements including light, heat, oxygen, and moisture. By doing this, encapsulated materials are more stable and have a longer shelf life.
Global Microencapsulation Market Share, by Region, 2022
The North America microencapsulation market accounted for the highest market share in 2022. Major users of microencapsulation technologies in North America are the pharmaceutical and nutraceutical industries. A way to include delicate substances in foods and drinks without affecting their flavour or functionality is through microencapsulation. Drugs and active ingredients can be microencapsulated for controlled release, improving therapeutic agent bioavailability, stability, and targeted administration. Demand for functional foods and drinks in North America has increased significantly, and these products must protect and release bioactive chemicals under controlled conditions.
Competitive Scenario in the Global Microencapsulation Market
Product development and geographic expansion are key strategies opted by major players functioning in the highly competitive global microencapsulation market. For instance, Innovative Food Processors (IFP), Inc., a manufacturer of microencapsulated and agglomerated nutrition and food additives, was purchased by Balchem Company.
Some of the leading microencapsulation market players are Capsulae, Microtek Laboratories, Inc., LycoRed Group, Reed Pacific Pty Ltd., BASF SE, TasteTech Ltd., Balchem, Encapsys LLC, GAT Microencapsulation GmbH, and AVEKA Group.
| Aspect | Particulars |
| Historical Market Estimations | 2021 |
| Base Year for Market Estimation | 2022 |
| Forecast Timeline for Market Projection | 2023-2032 |
| Geographical Scope | North America, Europe, Asia-Pacific, and LAMEA |
| Segmentation by Application |
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| Segmentation by Technology |
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| Segmentation by Coating Material |
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| Key Companies Profiled |
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