Microencapsulation Market Forecast by Technology, Core Material, Application, Shell Material and Region – 2023

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MarketsandMarkets Presents
Microencapsulation Market- Global Forecast 2023
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icroencapsulation-market-83597438.html
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• The global microencapsulation market was valued
  at USD 6.3 billion in 2018 and is projected to
  reach USD 11.8 billion by 2023 at a CAGR of 11.4
  from 2018 to 2023. The market is driven by
  factors such as the increasing demand for
  fortified food products with health benefits, the
  increasing demand for agrochemicals due to its
  controlled release property, growth in
  construction and construction materials, as well
  as the widespread application in household
  personal care.
•                
• Browse 87 market data Tables and 48 Figures
  spread through 202 Pages and in-depth TOC
  on "Microencapsulation Market by Technology
  (Spray, Emulsion, Dripping), Core Material
  (Pharma Healthcare Drugs, PCM, Food Additives,
  Fragrances), Application (Pharma, Household,
  Agrochemicals, Textiles), Shell Material, and
  Region - Global Forecast to 2023
• This report includes a study on the marketing and
  development strategies, along with a study on the
  service portfolios of the leading companies. It
  includes the profiles of leading companies such
  as BASF (Germany), Royal FrieslandCampina
  (Netherlands), Syngenta Crop Protection
  (Switzerland), Koninklijke DSM (Netherlands),
  Givaudan (Switzerland), Firmenich (Switzerland),
  Symrise (Germany), International Flavors
  Fragrances (US), Sensient Technologies (US),
  Lycored Corp. (UK), Balchem Corporation (US),
  Encapsys (US), Arcade Beauty (US), and Koehler
  Innovative Solutions (Germany).
• The years considered for the study are as
  follows
• Base year 2017
• Projected year 2023
• Forecast period 2018 to 2023
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The pharmaceuticals and healthcare drugs segment,
by application, is estimated to account for the
largest share in 2018 Based on application, the
microencapsulation market is segmented into
pharmaceutical healthcare products, household
personal care products, food beverages,
agrochemicals, textiles, construction materials,
and others. The pharmaceuticals and healthcare
drugs segment is estimated to account for the
largest market share in 2018. The rising demand
for pharmaceutical drugs is expected to drive the
demand for the market. The emulsion technologies
segment, by technology, is estimated to witness
the fastest growth in the microencapsulation
market in 2018 By technology, the
microencapsulation market is segmented into spray
technologies, emulsion technologies, dripping
technologies, and others. The emulsion
technologies segment is projected to record the
highest CAGR. The demand for emulsion
microencapsulation is increasing due to the
simplicity of the process, process safety, and
its cost efficiency. North America is estimated
to dominate the microencapsulation market in
2018 North America accounted for the largest
market share of the microencapsulation market in
2017. The market for microencapsulation in the
North American region is driven by the growing
demand and awareness for value-added products in
various areas such as nutrition, food,
healthcare, and personal care. Due to this
awareness and increased demand, companies are
focusing on manufacturing functional products,
with novel technologies such as
microencapsulation. Make an Inquiry
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• Recent Developments
• In August 2018, Balchem Corporation (US) acquired
  Bioscreen Technologies, S.r.l. (Italy), a
  manufacturer of fermented and encapsulated feed
  nutrition ingredient. This acquisition would help
  the company to accelerate its growth in the
  animal nutrition health business segment.
• In August 2018, BASF's (Germany) animal nutrition
  division launched Lucantin NXT product line in
  the European Union that would gradually be
  marketed in other countries. The carotenoid
  formulation would meet the latest regulation that
  requires ethoxyquin (EQ) to be withdrawn as a
  stabilizer.
• In October 2018, Koninklijke DSM (Netherlands)
  opened its second animal nutrition health
  premix plant in Jadcherla, India. With this
  expansion, the company expanded its geographical
  reach as well as increased its production
  capacity to cater to the growing demands in the
  region.
• The study involves four major activities to
  estimate the current market size of
  microencapsulation. Exhaustive secondary research
  was done to collect information on the market,
  the peer market, and parent market. The next step
  was to validate these findings, assumptions, and
  sizing with industry experts across the value
  chain through primary research. Both the top-down
  and bottom-up approaches were employed to
  estimate the complete market size. Thereafter,
  market breakdown and data triangulation were used
  to estimate the market size of the segments and
  subsegments.
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