The Global Microencapsulation Market will grow at a CAGR of 10.0% from 2017 to 2022 to reach USD 9,241.1 million by 2022, according to Meticulous Research.

The Microencapsulation market is primarily driven by the growing demand from the functional food industry, pharmaceutical industry for controlled release & targeted release of active compounds, and agrochemical sector. However, factors such as high cost of microencapsulation process, and increasing demand for Nano-encapsulation technology, especially in the pharmaceutical application are expected to hinder the growth of this market.

The global microencapsulation market is segmented on the basis of coating material, technology, application, and geography. The atomization segment commanded the largest share in the overall market in 2016, owing to the factors such as its ability to handle thermolabile materials, low process cost, a wide choice of coating material, good encapsulation efficiency, good stability of the finished product, and the possibility of large-scale production in continuous mode.

In application, the pharmaceutical segment held the largest share in the global market in 2016, owing to the growing use of microencapsulation in the industry for protection of drug from the environment, stabilization of sensitive drug substances, elimination of incompatibilities, or masking of unpleasant taste, conversion of liquid drugs in a free-flowing powder, and prevention of vaporization of many volatile drugs.

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Geographically, North America dominated global market in 2016, followed by Europe and Asia-Pacific region, owing to the presence of a large number of microencapsulation technology providers, and well-established functional food and pharmaceutical sectors. However, Asia Pacific market slated to register the fastest growth during the forecast period, primarily due to its growing economy & industrialization, and booming pharmaceutical, food, and agriculture industries.

The key players in the global microencapsulation market are Encapsys, LLC, Reed Pacific Pty Limited, Ronald T Dodge Company, GAT Microencapsulation GmbH, Capsulae, Microtek Laboratories, Inc., Balchem Corporation, Lycored, AVEKA, Inc., TasteTech Ltd, INNOBIO CORPORATION LIMITED, FrieslandCampina Kievit, Symrise AG, Koehler Innovative Solutions, Givaudan SA, and International Flavors & Fragrances Inc.

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