North America Microencapsulation Market Size Worth $12.23 Billion By 2032 | CAGR: 10.1%

The North America microencapsulation market size is expected to reach USD 12.23 billion by 2032, according to a new study by Polaris Market Research. The report “North America Microencapsulation Market Share, Size, Trends, Industry Analysis Report, By Technology (Coating, Emulsion, Spray Technologies, Dripping, and Others); By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Rising usage of microencapsulation in the pharma and healthcare industry for targeted drug delivery and controlled release of active compounds and demand from the food & beverage industry to enhance the flavor, aroma, and texture of products are prominent factors driving the market growth. Rising focus of companies towards the development of new microencapsulated products for different applications and investing in research & development activities to expand applications across different industries, including cosmetics & personal care, and agrochemicals, further contributing to the market’s growth.

Furthermore, it has been studied that functional ingredients bring multiple benefits to humans, but they are highly sensitive to oxidative degradation during manufacturing or storage and have poor stability of chemicals. Thereby, companies are developing microcapsules by encapsulating the active ingredients in a matrix with the aim of enhancing the stability and bioavailability of active ingredients, which, in turn, generates lucrative growth opportunities for the market.

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Researchers are extensively focusing on exploring the potential of microencapsulation for environmental applications like remediation of contaminated soil & water and controlled release of nutrients in sustainable agriculture practices. Apart from this, microencapsulation technologies have been gaining huge traction in the agriculture sector for the controlled release of fertilizers, seed treatments, and crop protection products that improve crop efficiency and crop yields, resulting in greater adoption of microencapsulation in agriculture practices.

Companies are increasingly focusing on the development of sustainable and biodegradable encapsulation materials like polysaccharides, lipids, and proteins that reduce environmental impact and improve the appeal of microencapsulation, especially in sustainable industries. Additionally, the rapid advances in microencapsulation have further expanded the range of bioactive compounds that can be easily encapsulated, including antioxidants, enzymes, probiotics, nucleic acids, and vitamins, that enable the development of different types of functional food, pharmaceutical formulations, and dietary supplements.

North America Microencapsulation Market Report Highlights

• In 2023, the spray technologies segment accounted for the largest share, which is attributed to characteristics including process simplicity, high production capacity, and cost efficiency.
• The food and beverage segment is expected to witness the highest CAGR growth during the forecast period on account of the growing consumption of functional food and beverage products offering health benefits.
• In 2023, the U.S. dominated the largest market share, owing to the robust presence of major pharmaceutical companies and awareness among people about health & wellness.
• The key market players include AnaBio Technologies, Ashland Global Holdings Inc., Aveka Group, Balchem Corporation, BASF SE, BUCHI, Encapsys LLC, and more.

Polaris Market Research has segmented the North America microencapsulation market report based on technology, application, and region:

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

• Coating
• Emulsion
• Spray Technologies
• Dripping
• Others

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

• Pharmaceutical & Healthcare Products
• Home & Personal Care
• Food & Beverage
• Agrochemicals
• Construction
• Textile
• Others

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

• North America

• U.S.
• Canada

North America Microencapsulation Market Report Scope