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Microencapsulation Market:Executive Summary
Global Microencapsulation Market is valued approximately USD 7.0 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 11.4 % over the forecast period 2020-2027. Microencapsulation technique refers to sizes ranging from 1 micrometre to 1 millimetre and is used for masking taste, odor, and activity of the encapsulated structures, which act as functional ingredients for application industries such as pharmaceutical and healthcare. It is the packaging technology of liquid, solid or gaseous materials with thin polymeric coatings and forming small particles called microcapsules. The global Microencapsulation is being highly demanded due to the coronavirus pandemic as researchers and scientist are focusing on developing vaccine to fight against coronavirus. The increase in demand for fortified food products with health benefits, increase in demand from the food industry increased R&D activities for process efficiency to enhance market penetration and increased consumer demand for functional products are the few factors responsible for growth of the market over the forecast period. Furthermore, the rising advancements and other strategic alliance by market key players will create a lucrative demand for this market. For instance: on 07th May 2019, Givaudan launched Spherulite™ R10, a unique microencapsulated stabilised retinol is more stable and efficient way for skincare. However, high cost associated with the microencapsulated process is the major factor restraining the growth of global Microencapsulation market during the forecast period.
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The regional analysis of global Microencapsulation market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world owing to the growing demand and awareness about value-added products for various areas such as nutrition, food, healthcare, and personal care. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
BASF SE
Royal Frieslandcampina
Syngenta Crop Protection
Koninklijke DSM
Givaudan
International Flavors & Fragrances
Symrise
Sensient Technologies
Lycored Corp.
Koehler Innovative Solutions
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
by Application:
Pharmaceuticals and healthcare products
Food & beverages
Household and personal care products
Agrochemicals
Construction materials
Textiles
Others
By Technology:
Spray technologies
Emulsion technologies
Dripping technologies
Others
By Core Material:
Pharmaceutical & healthcare drugs
Food additives
Fragrances
Agricultural inputs
Phase change materials
Others
By Shell Material:
Polymers
Gums & resins
Liquids
Carbohydrates
Proteinss
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Microencapsulation Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Continuous…
For further information on this report, visit – https://www.wiseguyreports.com/reports/5793199-global-microencapsulation-market-size-study-with-covid-19
NOTE : Our team is studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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