Micro-Encapsulation Market Research Report- Forecast till 2023

Micro-Encapsulation Market Research Report- Forecast till 2023

ID: MRFR/F-B & N/3585-CRR | July, 2018 | Region: Global | 110 pages | Cooked Research Reports

Global Micro-encapsulation Market, By Technology (Spray, Emulsion, Dripping, and Others), By Coating Material (Lipids, Proteins, Polymers, Gums & Resins, Carbohydrates, and Others), By Application (Pharmaceuticals & Healthcare, Food & Beverages, Household Items, Personal Care, Agrochemicals, and Others) - Forecast till 2023


Micro-encapsulation is a process designed to reducing the size of particles while retaining its original value. The need for integration of food ingredients, enzymes, cells, and different materials on a smaller metric scale has brought the technology to the forefront. The global micro-encapsulation market size is anticipated to touch USD 12,761.2 million by 2023, as per an in-depth report by Market Research Future (MRFR). It is expected to expand at an 11.22% CAGR during the assessment period (2018-2023) owing to pressing demand for functional foods. Prevalence of various health disorders and inclination of consumers towards a healthy lifestyle can bolster market growth during the forecast period.


Report Overview


This report covers current events and trends in the market for micro-encapsulation to provide the most accurate forecasts and predictions. By correlating the historical data with key market dynamics, our analysts are able to make highly accurate projections in the report. MRFR’s report includes a thorough analysis of the global micro-encapsulation market segmented on the basis of technology, coating material, application, and region with astute insights. The report has been prepared to assist industry players in making the right decisions which can culminate in fruitful returns. Users will also come across drivers, trends, opportunities, and restraints which are likely to influence the growth of the market during the assessment period.


Segment Overview


The micro-encapsulation market discusses various technologies under its umbrella which has been segmented into spray, emulsion, dripping, and others. The spray segment is likely to dominate the market over the forecast period. By coating material, it is segmented into carbohydrates, polymers, proteins, gums & resins, lipids, and others. Its applications cover the demands of industries such as pharmaceuticals & healthcare, food & beverages, household items, personal care, agrochemicals, and others.


The segments and sub-segments covered in the report are analyzed under four major regions – North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW), with respective country-level market sizing. The standard definition of “micro-encapsulation” is included in the report for a comprehensive understanding of the market. The report discusses and interprets the current trends and future opportunities of the market by delivering an unbiased growth assessment.


Players Covered


Royal FrieslandCampina N.V. (Netherlands), LycoRed Ltd. (Israel), Bayer AG (Germany), Encapsys, LLC (U.S.), International Flavors & Fragrance, Inc. (U.S.), Symrise AG (Germany), Balchem Corp. (U.S.), BASF SE (Germany), Syngenta AG (Switzerland), and Givaudan SA (Switzerland) are reputed players currently operational in the micro-encapsulation market. Players are investing in research and development to enhance their product offerings. Acquisitions are prime strategies employed to increase the geographical reach of companies. 


The report offers comprehensive profiles on these market players and assesses their current standing in the micro-encapsulation market. Company history coupled with annual turnover, segmental share, SWOT analysis, growth strategies, new product launches, mergers and acquisitions (M&A) activities, and latest R&D initiatives are outlined in the report.


Research Methodology


Market Research Future (MRFR) uses a combination of primary and secondary research to compile market reports. Primary data is accumulated from interviewing industry stalwarts and secondary research is collated by studying white papers and annual reports of leading players. Our analysts use top-down and bottom-up approaches to validate the findings of the report. The report comprises news, current trends, and future prospects related to the market, all of which can provide a thorough understanding of the market to clients. Industry leaders can make accurate business decisions based on our insights.


Analysis Period



  • Base Year - 2017

  • Projection Period - From 2018 to 2023

  • Market Denomination - USD Million

  • Conversion Rate - Considered as per the respective financial years


For the scope of research, the report offers a comprehensive analysis of the global micro-encapsulation market.


Technology



  • Spray

  • Emulsion

  • Dripping

  • Others


Coating Material



  • Carbohydrates

  • Gums & Resins

  • Lipids

  • Proteins

  • Polymers

  • Others


Application



  • Pharmaceuticals & Healthcare

  • Food & Beverages

  • Household Items

  • Personal Care

  • Agrochemicals

  • Others


Region



  • North America; the U.S., Canada, and Mexico

  • Europe; Italy, Germany, the U.K., France, Spain, and Rest of Europe

  • Asia Pacific; India, Japan, China, Australia & New Zealand, and Rest of Asia Pacific

  • Rest-of-the World (RoW); Latin America, Africa, and the Middle East


Intended Audience



  • Foods & Beverages Industry

  • Traders, Importers, and Exporters

  • Raw Material Suppliers

  • Pharmaceutical Industry

  • End Users

  • Global Micro-encapsulation Manufacturers

Micro-encapsulation Market – Summary


The global market for micro-encapsulation is expected to witness an impressive CAGR of 11.22% during the forecast period (2018-2023), reports Market Research Future (MRFR). Growing concerns about health among the populace has given rise to micro-encapsulations as it performs excellently with substitute nutrients.


Rapid urbanization has led to a shift in consumer behavioral pattern. People are now more used to a sedentary life, and it is adversely affecting individual health. Also, lack of nutritional diet is triggering health issues. Hence, the need for micro-encapsulation in food and beverages to deliver improved nutrition to the consumers.


Pharmaceutical companies in Europe are investing heavily in research & developments, and are also, playing a pivotal role in the European economy by providing growth and employment. Increasing use of medicinal products among the population can give rise to the adoption of micro-encapsulation as it is cost-effective which in turn can accelerate the growth rate of the drug companies. Other sectors such as cosmetics & personal care products are also giving much-needed traction to the micro-encapsulation market.


Segmentation:


The global micro-encapsulation market can be segmented by technology, coating material, and application.


Technology-wise segmentation includes spray, emulsion, dripping and others. Spray segment is expected to dominate the market with a considerable market share during the forecast period. However, the emulsion is set to register the fastest CAGR during the same period.


Based on the coating material, the market comprises carbohydrates, polymers, lipids, gums & resins, proteins and others. Lipids are currently dominating the market and is expected to do so during the forecast period. Carbohydrates are also proving to be great coating materials and are expecting significant growth in coming years.


Application-based segmentation consists food & beverages, personal care, household’s items, agrochemicals, pharmaceuticals & healthcare and others. Pharmaceuticals & healthcare is expected to rule the market during the review period owing to increasing demand for medicines. Food & beverages can bolster the market in the near future.


Regional Analysis:


The global micro-encapsulation market covers North America, Europe, Asia Pacific (APAC), Latin America (LATAM) and Middle East & Africa (MEA).


North American region is dominating the market now and is expected to do so over the forecast period by growing at a CAGR of 10.86% during the review period. However, the APAC is projected to witness the highest growth rate during the forecast period. Along with a huge population base, the region has a well-structured healthcare system. These factors give rise to the demand for medicines and consequently spurs the growth of micro-encapsulation. China is estimated to account for the major market portion in the region, and it is estimated to reach USD 1,042.5 million by the end of 2023.


Market Competition:


Key players involved in the global market are Givaudan SA (Switzerland), International Flavors & Fragrance, Inc. (U.S.), Symrise AG (Germany), Balchem Corp. (U.S.), Syngenta AG (Switzerland), BASF SE (Germany), Bayer AG (Germany), Royal FrieslandCampina N.V. (Netherlands), LycoRed Ltd. (Israel), Encapsys, LLC (U.S.), and others.

License

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TABLE OF CONTENTS

2.1 Definition 18

2.2 Scope of the Study 18

2.3 Assumptions 19

2.4 Market Structure 19

2.5 Key Takeaways 20

2.6 Key Buying Criteria 20

3.1 Research Process 22

3.2 Primary Research 23

3.3 Secondary Research 24

3.4 Market Size Estimation 25

3.5 Forecast Model 25

4.1 Introduction 27

4.2 Drivers 28

4.2.1 Increasing demand for functional foods 28

4.2.2 Increased demand from the Agricultural industry 28

4.2.3 Growing awareness towards micro-encapsulated fortified food 28

4.2.4 Drivers Impact Analysis 29

4.3 Restraints 29

4.3.1 High cost of production 29

4.4 Opportunities 30

4.4.1 Acceptance of micro-encapsulation by various industries 30

4.4.2 Asia-Pacific region to serve as a revenue pocket for micro-encapsulation market 30

4.5 Challenges 31

4.5.1 Lower stability of micro-encapsulating materials 31

5.1 Value Chain Analysis 33

5.2 Supply Chain Analysis 35

5.3 Porter’s Five Forces Analysis 36

5.3.1 Threat of New Entrants 37

5.3.2 Threat of Substitutes 37

5.3.3 Bargaining Power of Buyers 37

5.3.4 Bargaining Power of Suppliers 38

5.3.5 Rivalry 38

6.1 Overview 40

6.1.1 Spray 40

6.1.2 Emulsion 40

6.1.3 Dripping 40

6.1.4 Others 40

7.1 Overview 45

7.1.1 Carbohydrates 45

7.1.2 Polymers 45

7.1.3 Lipids 45

7.1.4 Gums & Resins 45

7.1.5 Proteins 45

7.1.6 Others 45

8.1 Overview 51

8.1.1 Foods & Beverages 51

8.1.2 Personal Care 51

8.1.3 Household Items 51

8.1.4 Agrochemicals 52

8.1.5 Pharmaceutical & Health Care 52

8.1.6 Others 52

9.1 Introduction 58

9.2 North America 59

9.2.1 U.S. 61

9.2.2 Canada 63

9.2.3 Mexico 65

9.3 Europe 67

9.3.1 U.K 70

9.3.2 Germany 72

9.3.3 France 74

9.3.4 Italy 76

9.3.5 Spain 77

9.3.6 Rest of Europe 79

9.4 Asia Pacific 81

9.4.1 China 84

9.4.2 India 86

9.4.3 Japan 88

9.4.4 Australia & New Zealand 90

9.4.5 Rest of Asia Pacific 92

9.5 Rest of the World 94

9.5.1 Latin America 97

9.5.2 Middle East 99

9.5.3 Africa 101

11.1 Givaudan SA 108

11.1.1 Company Overview 108

11.1.2 Financial Overview 108

11.1.3 Products Offerings 109

11.1.4 Key Developments 109

11.1.5 SWOT Analysis 109

11.1.6 Key Strategy 110

11.2 International Flavors & Fragrances, Inc. 111

11.2.1 Company Overview 111

11.2.2 Financial Overview 111

11.2.3 Products Offerings 112

11.2.4 Key Developments 112

11.2.5 SWOT Analysis 112

11.2.6 Key Strategy 113

11.3 Symrise AG 114

11.3.1 Company Overview 114

11.3.2 Financial Overview 114

11.3.3 Products Offerings 115

11.3.4 Key Developments 115

11.3.5 SWOT Analysis 115

11.3.6 Key Strategy 115

11.4 Balchem Corp. 116

11.4.1 Company Overview 116

11.4.2 Financial Overview 116

11.4.3 Products Offerings 117

11.4.4 Key Developments 117

11.4.5 SWOT Analysis 117

11.4.6 Key Strategy 118

11.5 Syngenta AG 119

11.5.1 Company Overview 119

11.5.2 Financial Overview 119

11.5.3 Products Offerings 120

11.5.4 Key Developments 120

11.5.5 SWOT Analysis 120

11.5.6 Key Strategy 120

11.6 BASF SE 121

11.6.1 Company Overview 121

11.6.2 Financial Overview 121

11.6.3 Products Offerings 122

11.6.4 Key Developments 122

11.6.5 SWOT Analysis 123

11.6.6 Key Strategy 123

11.7 Bayer AG 124

11.7.1 Company Overview 124

11.7.2 Financial Overview 124

11.7.3 Products Offerings 125

11.7.4 Key Developments 125

11.7.5 SWOT Analysis 125

11.7.6 Key Strategy 125

11.8 Royal Friesland Campina N.V. 126

11.8.1 Company Overview 126

11.8.2 Financial Overview 126

11.8.3 Products Offerings 127

11.8.4 Key Developments 127

11.8.5 SWOT Analysis 127

11.8.6 Key Strategy 127

11.9 LycoRed Ltd. 128

11.9.1 Company Overview 128

11.9.2 Financial Overview 128

11.9.3 Products Offerings 129

11.9.4 Key Developments 129

11.9.5 SWOT Analysis 130

11.9.6 Key Strategy 130

11.10 Encapsys, LLC 131

11.10.1 Company Overview 131

11.10.2 Financial Overview 131

11.10.3 Products Offerings 131

11.10.4 Key Developments 131

11.10.5 SWOT Analysis 131

11.10.6 Key Strategy 132

12.1 Key Findings 134

12.1.1 CEO’s Viewpoint 134

12.1.2 Unmet Needs 134

12.1.3 Key Companies to Watch 134

12.1.4 Prediction 134

TABLE 1 GLOBAL MICRO-ENCAPSULATION MARKET, BY REGION, 2016-2023 (USD MILLION) 13

TABLE 2 GLOBAL MICRO-ENCAPSULATION MARKET, BY TECHNOLOGY, 2016-2023 (USD MILLION) 14

TABLE 3 GLOBAL MICRO-ENCAPSULATION MARKET, BY COATING MATERIAL, 2016-2023 (USD MILLION) 15

TABLE 4 GLOBAL MICRO-ENCAPSULATION MARKET, BY APPLICATION, 2016-2023 (USD MILLION) 16

TABLE 5 LIST OF ASSUMPTIONS 19

TABLE 6 GLOBAL MICRO-ENCAPSULATION (BY SPRAY) MARKET, BY REGION, 2016-2023 (USD MILLION) 41

TABLE 7 GLOBAL MICRO-ENCAPSULATION (BY EMULSION) MARKET, BY REGION, 2016-2023 (USD MILLION) 42

TABLE 8 GLOBAL MICRO-ENCAPSULATION (BY DRIPPING) MARKET, BY REGION, 2016-2023 (USD MILLION) 42

TABLE 9 GLOBAL MICRO-ENCAPSULATION (BY OTHERS) MARKET, BY REGION, 2016-2023 (USD MILLION) 43

TABLE 10 GLOBAL MICRO-ENCAPSULATION (CARBOHYDRATES) MARKET, BY REGION, 2016-2023 (USD MILLION) 46

TABLE 11 GLOBAL MICRO-ENCAPSULATION (POLYMERS) MARKET, BY REGION, 2016-2023 (USD MILLION) 47

TABLE 12 GLOBAL MICRO-ENCAPSULATION (LIPIDS) MARKET, BY REGION, 2016-2023 (USD MILLION) 47

TABLE 13 GLOBAL MICRO-ENCAPSULATION (GUMS & RESINS) MARKET, BY REGION, 2016-2023 (USD MILLION) 48

TABLE 14 GLOBAL MICRO-ENCAPSULATION (PROTEINS) MARKET, BY REGION, 2016-2023 (USD MILLION) 48

TABLE 15 GLOBAL MICRO-ENCAPSULATION (OTHERS) MARKET, BY REGION, 2016-2023 (USD MILLION) 49

TABLE 16 GLOBAL MICRO-ENCAPSULATION (BY FOODS & BEVERAGES) MARKET, BY REGION, 2016-2023 (USD MILLION) 53

TABLE 17 GLOBAL MICRO-ENCAPSULATION (BY PERSONAL CARE) MARKET, BY REGION, 2016-2023 (USD MILLION) 54

TABLE 18 GLOBAL MICRO-ENCAPSULATION (BY HOUSEHOLDS ITEMS) MARKET, BY REGION, 2016-2023 (USD MILLION) 54

TABLE 19 GLOBAL MICRO-ENCAPSULATION (BY AGROCHEMICALS) MARKET, BY REGION, 2016-2023 (USD MILLION) 55

TABLE 20 GLOBAL MICRO-ENCAPSULATION (BY PHARMACEUTICALS & HEALTH CARE) MARKET, BY REGION, 2016-2023 (USD MILLION) 55

TABLE 21 GLOBAL MICRO-ENCAPSULATION (BY OTHERS) MARKET, BY REGION, 2016-2023 (USD MILLION) 56

TABLE 22 GLOBAL MICRO-ENCAPSULATION MARKET, BY REGION, 2016-2023 (USD MILLION) 58

TABLE 23 NORTH AMERICA: MICRO-ENCAPSULATION MARKET, BY COUNTRY, 2016-2023 (USD MILLION) 59

TABLE 24 NORTH AMERICA: MICRO-ENCAPSULATION MARKET, BY TECHNOLOGY, 2016-2023 (USD MILLION) 59

TABLE 25 NORTH AMERICA: MICRO-ENCAPSULATION MARKET, BY COATING MATERIAL, 2016-2023 (USD MILLION) 60

TABLE 26 NORTH AMERICA: MICRO-ENCAPSULATION MARKET, BY APPLICATION, 2016-2023 (USD MILLION) 60

TABLE 27 U.S.: MICRO-ENCAPSULATION MARKET, BY TECHNOLOGY, 2016-2023 (USD MILLION) 61

TABLE 28 U.S.: MICRO-ENCAPSULATION MARKET, BY COATING MATERIAL, 2016-2023 (USD MILLION) 61

TABLE 29 U.S.: MICRO-ENCAPSULATION MARKET, BY APPLICATION, 2016-2023 (USD MILLION) 62

TABLE 30 CANADA: MICRO-ENCAPSULATION MARKET, BY TECHNOLOGY, 2016-2023 (USD MILLION) 63

TABLE 31 CANADA: MICRO-ENCAPSULATION MARKET, BY COATING MATERIAL, 2016-2023 (USD MILLION) 63

TABLE 32 CANADA: MICRO-ENCAPSULATION MARKET, BY APPLICATION, 2016-2023 (USD MILLION) 64

TABLE 33 MEXICO: MICRO-ENCAPSULATION MARKET, BY TECHNOLOGY, 2016-2023 (USD MILLION) 65

TABLE 34 MEXICO: MICRO-ENCAPSULATION MARKET, BY COATING MATERIAL, 2016-2023 (USD MILLION) 65

TABLE 35 MEXICO: MICRO-ENCAPSULATION MARKET, BY APPLICATION, 2016-2023 (USD MILLION) 66

TABLE 36 EUROPE: MICRO-ENCAPSULATION MARKET, BY COUNTRY, 2016-2023 (USD MILLION) 67

TABLE 37 EUROPE: MICRO-ENCAPSULATION MARKET, BY TECHNOLOGY, 2016-2023 (USD MILLION) 68

TABLE 38 EUROPE: MICRO-ENCAPSULATION MARKET, BY COATING MATERIAL, 2016-2023 (USD MILLION) 68

TABLE 39 EUROPE: MICRO-ENCAPSULATION MARKET, BY APPLICATION, 2016-2023 (USD MILLION) 69

TABLE 40 U.K: MICRO-ENCAPSULATION MARKET, BY TECHNOLOGY, 2016-2023 (USD MILLION) 70

TABLE 41 U.K: MICRO-ENCAPSULATION MARKET, BY COATING MATERIAL, 2016-2023 (USD MILLION) 70

TABLE 42 U.K: MICRO-ENCAPSULATION MARKET, BY APPLICATION, 2016-2023 (USD MILLION) 71

TABLE 43 GERMANY: MICRO-ENCAPSULATION MARKET, BY TECHNOLOGY, 2016-2023 (USD MILLION) 72

TABLE 44 GERMANY: MICRO-ENCAPSULATION MARKET, BY COATING MATERIAL, 2016-2023 (USD MILLION) 72

TABLE 45 GERMANY: MICRO-ENCAPSULATION MARKET, BY APPLICATION, 2016-2023 (USD MILLION) 73

TABLE 46 FRANCE: MICRO-ENCAPSULATION MARKET, BY TECHNOLOGY, 2016-2023 (USD MILLION) 74

TABLE 47 FRANCE: MICRO-ENCAPSULATION MARKET, BY COATING MATERIAL, 2016-2023 (USD MILLION) 74

TABLE 48 FRANCE: MICRO-ENCAPSULATION MARKET, BY APPLICATION, 2016-2023 (USD MILLION) 75

TABLE 49 ITALY: MICRO-ENCAPSULATION MARKET, BY TECHNOLOGY, 2016-2023 (USD MILLION) 76

TABLE 50 ITALY: MICRO-ENCAPSULATION MARKET, BY COATING MATERIAL, 2016-2023 (USD MILLION) 76

TABLE 51 ITALY: MICRO-ENCAPSULATION MARKET, BY APPLICATION, 2016-2023 (USD MILLION) 77

TABLE 52 SPAIN: MICRO-ENCAPSULATION MARKET, BY TECHNOLOGY, 2016-2023 (USD MILLION) 77

TABLE 53 SPAIN: MICRO-ENCAPSULATION MARKET, BY COATING MATERIAL, 2016-2023 (USD MILLION) 78

TABLE 54 SPAIN: MICRO-ENCAPSULATION MARKET, BY APPLICATION, 2016-2023 (USD MILLION) 78

TABLE 55 REST OF EUROPE: MICRO-ENCAPSULATION MARKET, BY TECHNOLOGY, 2016-2023 (USD MILLION) 79

TABLE 56 REST OF EUROPE: MICRO-ENCAPSULATION MARKET, BY COATING MATERIAL, 2016-2023 (USD MILLION) 79

TABLE 57 REST OF EUROPE: MICRO-ENCAPSULATION MARKET, BY APPLICATION, 2016-2023 (USD MILLION) 80

TABLE 58 ASIA PACIFIC: MICRO-ENCAPSULATION MARKET, BY COUNTRY, 2016-2023 (USD MILLION) 81

TABLE 59 ASIA PACIFIC: MICRO-ENCAPSULATION MARKET, BY TECHNOLOGY, 2016-2023 (USD MILLION) 82

TABLE 60 ASIA PACIFIC: MICRO-ENCAPSULATION MARKET, BY COATING MATERIAL, 2016-2023 (USD MILLION) 82

TABLE 61 ASIA PACIFIC: MICRO-ENCAPSULATION MARKET, BY APPLICATION, 2016-2023 (USD MILLION) 83

TABLE 62 CHINA: MICRO-ENCAPSULATION MARKET, BY TECHNOLOGY, 2016-2023 (USD MILLION) 84

TABLE 63 CHINA: MICRO-ENCAPSULATION MARKET, BY COATING MATERIAL, 2016-2023 (USD MILLION) 84

TABLE 64 CHINA: MICRO-ENCAPSULATION MARKET, BY APPLICATION, 2016-2023 (USD MILLION) 85

TABLE 65 INDIA: MICRO-ENCAPSULATION MARKET, BY TECHNOLOGY, 2016-2023 (USD MILLION) 86

TABLE 66 INDIA: MICRO-ENCAPSULATION MARKET, BY COATING MATERIAL, 2016-2023 (USD MILLION) 86

TABLE 67 INDIA: MICRO-ENCAPSULATION MARKET, BY APPLICATION, 2016-2023 (USD MILLION) 87

TABLE 68 JAPAN: MICRO-ENCAPSULATION MARKET, BY TECHNOLOGY, 2016-2023 (USD MILLION) 88

TABLE 69 JAPAN: MICRO-ENCAPSULATION MARKET, BY COATING MATERIAL, 2016-2023 (USD MILLION) 88

TABLE 70 JAPAN: MICRO-ENCAPSULATION MARKET, BY APPLICATION, 2016-2023 (USD MILLION) 89

TABLE 71 AUSTRALIA & NEW ZEALAND: MICRO-ENCAPSULATION MARKET, BY TECHNOLOGY, 2016-2023 (USD MILLION) 90

TABLE 72 AUSTRALIA & NEW ZEALAND: MICRO-ENCAPSULATION MARKET, BY COATING MATERIAL, 2016-2023 (USD MILLION) 90

TABLE 73 AUSTRALIA & NEW ZEALAND: MICRO-ENCAPSULATION MARKET, BY APPLICATION, 2016-2023 (USD MILLION) 91

TABLE 74 REST OF ASIA PACIFIC: MICRO-ENCAPSULATION MARKET, BY TECHNOLOGY, 2016-2023 (USD MILLION) 92

TABLE 75 REST OF ASIA PACIFIC: MICRO-ENCAPSULATION MARKET, BY COATING MATERIAL, 2016-2023 (USD MILLION) 92

TABLE 76 REST OF ASIA PACIFIC: MICRO-ENCAPSULATION MARKET, BY APPLICATION, 2016-2023 (USD MILLION) 93

TABLE 77 REST OF THE WORLD: MICRO-ENCAPSULATION MARKET, BY REGION, 2016-2023 (USD MILLION) 94

TABLE 78 REST OF THE WORLD: MICRO-ENCAPSULATION MARKET, BY TECHNOLOGY, 2016-2023 (USD MILLION) 95

TABLE 79 REST OF THE WORLD: MICRO-ENCAPSULATION MARKET, BY COATING MATERIAL, 2016-2023 (USD MILLION) 95

TABLE 80 REST OF THE WORLD: MICRO-ENCAPSULATION MARKET, BY APPLICATION, 2016-2023 (USD MILLION) 96

TABLE 81 LATIN AMERICA: MICRO-ENCAPSULATION MARKET, BY TECHNOLOGY, 2016-2023 (USD MILLION) 97

TABLE 82 LATIN AMERICA: MICRO-ENCAPSULATION MARKET, BY COATING MATERIAL, 2016-2023 (USD MILLION) 97

TABLE 83 LATIN AMERICA: MICRO-ENCAPSULATION MARKET, BY APPLICATION, 2016-2023 (USD MILLION) 98

TABLE 84 MIDDLE EAST: MICRO-ENCAPSULATION MARKET, BY TECHNOLOGY, 2016-2023 (USD MILLION) 99

TABLE 85 MIDDLE EAST: MICRO-ENCAPSULATION MARKET, BY COATING MATERIAL, 2016-2023 (USD MILLION) 99

TABLE 86 MIDDLE EAST: MICRO-ENCAPSULATION MARKET, BY APPLICATION, 2016-2023 (USD MILLION) 100

TABLE 87 AFRICA: MICRO-ENCAPSULATION MARKET, BY TECHNOLOGY, 2016-2023 (USD MILLION) 101

TABLE 88 AFRICA: MICRO-ENCAPSULATION MARKET, BY COATING MATERIAL, 2016-2023 (USD MILLION) 101

TABLE 89 AFRICA: MICRO-ENCAPSULATION MARKET, BY APPLICATION, 2016-2023 (USD MILLION) 102

TABLE 90 COMPETIVE LANDSCAPING: GLOBAL MICRO-ENCAPSULATION MARKET: BY STRATEGY (2010-2017) 105

FIGURE 1 GLOBAL MICRO-ENCAPSULATION MARKET SHARE (%), BY REGION (2018 & 2023) 13

FIGURE 2 GLOBAL MICRO-ENCAPSULATION MARKET SHARE (%), BY TECHNOLOGY (2018 & 2023) 14

FIGURE 3 GLOBAL MICRO-ENCAPSULATION MARKET SHARE (%), BY COATING MATERIAL (2018 & 2023) 15

FIGURE 4 GLOBAL MICRO-ENCAPSULATION MARKET SHARE (%), BY APPLICATION (2018 & 2023) 16

FIGURE 5 GLOBAL MICRO-ENCAPSULATION MARKET: MARKET STRUCTURE 19

FIGURE 6 KEY TAKEAWAYS OF THE MICRO-ENCAPSULATION MARKET 20

FIGURE 7 KEY BUYING CRITERIA OF MICRO-ENCAPSULATION 20

FIGURE 8 RESEARCH PROCESS OF MRFR 22

FIGURE 9 TOP DOWN & BOTTOM-UP APPROACH 25

FIGURE 10 MARKET DYNAMICS OF GLOBAL MICRO-ENCAPSULATION MARKET 27

FIGURE 11 DRIVERS IMPACT ANALYSIS: MICRO-ENCAPSULATION MARKET 29

FIGURE 12 RESTRAINTS IMPACT ANALYSIS: MICRO-ENCAPSULATION MARKET 30

FIGURE 13 VALUE CHAIN: MICROENCAPSULATED PRODUCTS MARKET 33

FIGURE 14 SUPPLY CHAIN ANALYSIS: MICROENCAPSULATED PRODUCTS MARKET 35

FIGURE 15 ACTIVE MEMBERS IN THE SUPPLY CHAIN: MICROENCAPSULATED PRODUCTS MARKET 35

FIGURE 16 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL MICROENCAPSULATION MARKET 36

FIGURE 17 GLOBAL MICRO-ENCAPSULATION MARKET, BY TECHNOLOGY 2018 & 2023 (USD MILLION) 41

FIGURE 18 GLOBAL MICRO-ENCAPSULATION MARKET, BY COATING MATERIAL 2018 & 2023 (USD MILLION) 46

FIGURE 19 GLOBAL MICRO-ENCAPSULATION MARKET, BY APPLICATION 2018 & 2023 (USD MILLION) 53

FIGURE 20 GLOBAL MICRO-ENCAPSULATION MARKET, BY REGION 2018 & 2023 (USD MILLION) 58

FIGURE 21 GLOBAL MICRO-ENCAPSULATION MARKET: MAJOR PLAYER MARKET DEVELOPMENT SHARE 2010-2017 104

FIGURE 22 GLOBAL MICRO-ENCAPSULATION MARKET: STRATEGY ANALYSIS 105

FIGURE 23 GLOBAL MICRO-ENCAPSULATION MARKET: MARKET DEVELOPMENT (2010-2017) 106




 Report Infographic image

Key players in the micro-encapsulation market are found to have a high focus on strategic product launch to seek consumers’ attention towards their product range


The micro-encapsulation market is competitive with major market players operating at the global level. The key industry players in the micro-encapsulation market have adopted the strategies such as acquisitions, geographical expansions, and joint venture to strengthen their business portfolio. Most of the companies operating in this market are focusing on new acquisitions to expand their geographical presence. Moreover, they are investing in research and development to offer products with better functionality.


The key players involved in this strategy are Givaudan SA (Switzerland), International Flavors & Fragrance, Inc. (U.S.), Symrise AG (Germany), Balchem Corp. (U.S.), Syngenta AG (Switzerland), BASF SE (Germany), Bayer AG (Germany), Royal FrieslandCampina N.V. (Netherlands), LycoRed Ltd. (Israel), Encapsys, LLC (U.S.)


The company is one of the leading manufacturers of fragrance and flavors. The operating segments of the company include fragrance and flavors. The fragrance segment of the company is involved in the manufacturing and retail of fine fragrance, consumer products, and active cosmetic ingredients. The flavors segment is involved in the production and retail of flavors for beverages, savory, dairy, and sweet goods. The flavors and fragrance offered by the company is widely used in the manufacture of confectionery, bakery products, chocolates, chewing gum; beverages including soft drinks, fruit juices, and instant beverages; dairy products, including ice creams and desserts, yogurts, and yellow fats; and also, savory products such as ready to eat meals, snacks, soups and sauces, and meat and poultry products. In October 2017 the company has laid the foundation for a new production hub in Changzhou, Jiangsu Province of China. Also, the new fragrance production plant will produce all the important product forms such as oral care flavors, fragrances, and encapsulation


International Flavors & Fragrance, Inc. is involved in the production of fragrances and flavors which is majorly used in personal care and household products, food & beverages. The company is operating through two business segment such as fragrance & flavors.


The fragrance segment is involved in the manufacture of fragrance compounds used in perfumes (fine fragrance) and other consumers products including home care products, fabric care, hair care and toiletries. The company has its operating segments in Europe, Africa, the Middle East, Asia Pacific, North America and Latin America. The major end users of flavors and fragrance offered by the company include food and beverages, detergent manufacturing industries, fragrance and cosmetic industries. The company is actively involved in R & D activities and invests hugely in this sector to bring in product innovations and improvisation. Broad offerings in the fragrance segment are one of the major reasons for the company’s global dominance. The company emphasizes providing cost-advantaged, specialty molecules to enhance the company’s production of fragrance compounds, which is more preferred by the consumers.


Symrise AG is engaged in manufacturing, development, and retail of fragrance & flavorings, cosmetic base materials and substances for the cosmetics industry. The major operating segment of the company includes scent & care and flavor & nutrition. The sent & care segment is involved in the development, production & selling of fragrance, aroma molecules and mint aromas, cosmetic ingredients and also develops specific application processes for the substances. The flavor & nutrition segment engages in production and retail of flavors used by customers for the production of food and beverages. In March 2013, Symrise AG launched a new generation of microencapsulated perfume oils allows laundry to smell fresh for longer.


BASF SE operates as a chemical company worldwide. BASF SE operates through five business segments such as Performance Products, Chemicals, Functional Materials & Solutions, oil & gas, and agricultural solutions. The company sees its key strategy as focusing on its product development & distribution channel. It works to bring operational efficiency in the selling and distribution of its product across the globe. Also, the company is arranging various promotional activities to create a strong awareness regarding the new product launch. Additionally, the company offers customization facility to the customers to enhance the customer base.