Microcapsules are small particles with a core-shell structure, where the core material is encapsulated within a shell material. They find applications in various industries, including pharmaceuticals, food and beverages, personal care, and agrochemicals. The microcapsule market is projected to grow from USD 8.4 billion in 2021 to USD 13.4 billion by 2026, at a CAGR of 9.8% from 2021 to 2026, owing to increasing demand from the pharmaceuticals & healthcare industry.

Browse 255 market data Tables and 54 Figures spread through 308 Pages and in-depth TOC on "Microcapsule Market by Technology (Spray, Emulsion and Dripping), End-user Industry (Pharmaceuticals & Healthcare, Food, Household & Personal Care, Textiles, Agrochemicals), Shell Material, Core Material & Region - Global Forecast to 2026.

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Microcapsule Market Growth

The microcapsule market has been witnessing steady growth due to their unique properties and applications. Some of the factors driving the market include:

  1. Increased demand for controlled release systems: Microcapsules are often used as carriers for controlled release of active ingredients in pharmaceuticals, cosmetics, and agricultural products. The ability to release the encapsulated material in a controlled manner over time is valuable for improving product effectiveness and safety.

  2. Growing demand for functional ingredients: Microencapsulation enables the protection and stabilization of sensitive or volatile ingredients, such as flavors, fragrances, vitamins, and enzymes. This has led to an increased demand for microencapsulated functional ingredients in food, beverages, and personal care products.

  3. Advancements in technology: Technological advancements in microencapsulation techniques have enhanced the efficiency and scalability of production processes, making microcapsules more accessible to various industries. Innovations in materials, shell structures, and encapsulation methods have expanded the application possibilities for microcapsules.

  4. Rising consumer awareness: Consumers are becoming more conscious about the quality, safety, and efficacy of products. Microencapsulation offers benefits such as improved product stability, extended shelf life, enhanced bioavailability, and targeted delivery, which align with consumer preferences for high-quality and efficient products.

Microcapsule Market Key Players

 

The key market players in the microcapsule market are BASF SE (Germany), Syngenta Crop Protection AG (Switzerland), Royal FrieslandCampina N.V. (Netherlands), Koninklijke DSM N.V. (Netherlands), Givaudan S.A. (Switzerland), Firmenich S.A. (Switzerland), Symrise AG (Germany), International Flavors & Fragrances (US), Lycored Corp. (Israel), and Sensient Technologies Corporation (US). These players have adopted expansions, acquisitions, product launches, investments, partnerships, joint ventures, mergers, collaborations, agreements, and divestments as their growth strategies to meet the growing demand for microcapsules.

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BASF SE, is the leading player in the global microcapsule market. In August  2018, BASF SE’s animal nutrition division launched the Lucantin NXT product line in the European Union, which would be gradually followed in other countries. The carotenoid formulation of Lucantin NXT met the regulation (EC) No. 2017/962, which requires the withdrawal of ethoxyquin (EQ) as a feed additive. The product launch helped the company expand and strengthen its geographical footprint in the microcapsule animal nutrition market.

By end-user industry, pharmaceuticals & healthcare segment dominates the market during the forecast period

Based on end-user industry, the pharmaceuticals & healthcare segment dominates the market during the forecast period. The growing use of microcapsules in the pharmaceuticals and healthcare industry for various applications such as controlled release of drugs and taste masking boosts growth of this segment. Food segment is projected to be the second-largest industry in the microcapsule market in 2021.

North America is the largest region in the microcapsule  market

North America accounted for the largest share of the microcapsule market in 2020, followed by Europe. Fast-paced lifestyle of the consumers contributing to high demand for functional and fortified food products in North America and Europe. This, in turn, contributes to the high demand for microcapsules in these regions, mainly in the food industry.