Microencapsulation Market Size Worth $ 27.74 Billion By 2032 | CAGR: 9.9%

The global microencapsulation market size is expected to reach USD 27.74 billion by 2032, according to a new study by Polaris Market Research. The report “Microencapsulation Market Share, Size, Trends, Industry Analysis Report, By Core Material (Agricultural inputs, Food additives, Others); By Shell Material; By Technology; By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Increasing use of perfumes for good fragrance is likely to drive demand for microencapsulation in the global marketplace. This is due to the propensity of the microencapsulation to release fragrance over time. The significant rise in disposable income among the population is witnessing demand for products that offer pleasant smell. Ongoing innovations are optimally influencing microencapsulation adoption. For instance, in February 2024, 15-1 Diffusion Company announced the launch of its new perfume, Aloha, which is developed by using Aloha Materiaux Augmentes for any materials, specifically textiles, bottles, glasses, and others. 

Additionally, microencapsulation is gaining utility in the food and pharmaceutical sector, primarily as a health supplement. Proper encapsulation is pivotal for the vitamin supplements as it stabilizes the delivery of nutrients to the human body. A 2023 study conducted by researchers from University of NSW developed a new way of making microcapsules from spray dried beta carotene and found that it has 90% more efficiency and extended shelf life over 8 weeks.

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Furthermore, a 2023 study published in Scientific reports focused on conducting microencapsulation study between spray drying and freeze drying which are made up compounds from the Ciriguela peel, and revealed that the spray drying has higher microencapsulation efficiency over freeze drying. This unveiled the potential use of pholic compounds in the pharmaceutical, cosmetic and food industries.

The microencapsulation technology is versatile, with the capability to control the spread of compounds through microencapsulation with the shell or coating. The increasing measures to promote the development of biodegradable and sustainable products are optimally driving market growth. For instance, in October 2023, Fraunhofer announced the development of microcapsules from bioplastics. Additionally, in March 2024, Xampla announced an investment of USD 7 million for the development of plant-based microcapsules with the brand name Morro.

Microencapsulation Market Report Highlights

• Pharmaceutical and healthcare drugs segment is anticipated to witness the highest growth due to the increased consumption of healthcare supplements.
• Polymers segment accounted for the largest market share owing to its versatility and durability.
• Spray technology segment is projected to experience a larger revenue share due to its potential to conserve at higher temperatures
• APAC is projected to register the fastest growth during the forecast period, attributable to the expanding fragrance and flavor segment.
• The global players include Advanced Bionutrition Corp, Arcade Beauty, Aveka Group, Balchem Corporation, BASF, Clextral, Dupont, Encapsys, & Firmenich.

Polaris Market Research has segmented the microencapsulation market report based on core material, shell material, technology, application, and region:

Microencapsulation, Core Material Outlook (Revenue - USD Billion, 2019 - 2032)

• Agricultural inputs
• Food additives
• Pharmaceutical & healthcare drugs
• Fragrances
• Phase change material
• Other core material (defense, and paper & printing.)

Microencapsulation, Shell Material Outlook (Revenue - USD Billion, 2019 - 2032)

• Polymers
• Gums & Resins
• Lipids
• Carbohydrates
• Protein

Microencapsulation, Technology Outlook (Revenue - USD Billion, 2019 - 2032)

• Spray technology
• Dripping technology
• Emulsion technology
• Other technologies (coating, physico-chemical, and chemical technologies.)

Microencapsulation, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Pharmaceutical & healthcare products
• Food & beverages
• Household & personal care products
• Agrochemicals
• Construction material
• Textiles
• Other applications (construction chemicals, inks, energy molecules)

Microencapsulation, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Argentina
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Microencapsulation Market Report Scope