Microencapsulation Technology Market Insight
Microencapsulation is derived from pharmaceutical industry; however, it is relatively a new concept in the supplement and food business. Microencapsulation is considered as one of the most promising technique for controlled drug delivery. Micro particles provide several benefits as drug delivery systems, which involve effective security of encapsulated agent against easy administration, and degradation. Microencapsulation mainly refers to sizes ranging from 1 micrometer to 1 millimeter. Microencapsulation is a packaging technology of solid, gaseous or liquid materials with thin polymeric coverings and mounting small particles called microcapsules. Microencapsulation has several applications including agricultural, food supplement, and pharmaceutical. Microencapsulation technologies are used for different purpose, which include enhancing the control properties of a adhesive material, isolation of core from its surroundings, controlled release of drugs, safe handling of poisonous materials, etc.
Impact of COVID-19 on Microencapsulation Technology Market:
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost all countries around the globe, with the WHO declaring it a public health emergency. The global impacts of the disease are already starting to be felt, and expected to significantly affect the global microencapsulation technology market in 2020.
Though governments have imposed lockdowns to contain spread of the virus, manufacturing and construction units are at halt across the globe, which can affect the microencapsulation technology market in the short run.
The microencapsulation technology helps various sectors such as FMCG and pharmaceuticals to ensure maximized production and increased operational efficiency of plants without compromising with quality.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Increase in demand for fortified food products with health benefits, and widespread applications of microencapsulation are the driving factors for the growth of microencapsulation technologies market. However, the cost of production can hamper the growth of market. Contrarily, growth in pharmaceutical industry is an opportunistic factor for the global market during the forecast period.
Increase in demand for fortified food products
The demand for microencapsulation technology is rising with the increase in demand for functional and fortified food and pharmaceutical products. It offers integration of vitamins, minerals, flavors, essential oils, and other herbs in nutrition products to increase the functional assets of products. Some of the aids that many people think of microencapsulation is flavor-masking. Microencapsulation masks the taste of the nutrients, so all that the kids are tasted like the fruit flavors. Microencapsulation is active in masking the unwanted odors associated with several nutrients. Therefore, increase in demand for fortified food products is driving growth of the market across the globe.
Greater cost of microencapsulation technologies
The adoption of microencapsulation technologies in small and medium sized industries is difficult, as its makes use of high-value products, which are not easily preferred in market. This is an additional cost, which has to be minimized in order to be financially acceptable. This applies not only to the materials used to make microcapsules but also to the equipment or process conditions. Small and medium sized food and beverage manufacturers prefer to opt for traditional defense techniques, as microencapsulation technology is expensive. Hence, it restrains growth of the microencapsulation technology market.
Key benefits of the report:
- This study presents the analytical depiction of the global microencapsulation technology industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global microencapsulation technology market share.
- The current market is quantitatively analyzed to highlight the market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global microencapsulation technology market analysis based on competitive intensity and how the competition will take shape in coming years.
Microencapsulation Technology Market Report Highlights
| Aspects | Details |
 By Application |
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 By Core Material |
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 By Shell Material |
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 By Region |
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 By Ttechnology |
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 Key Market Players | BASF, Lycored Corp., Givaudan, International Flavors & Fragrances, Firmenich, Symrise, Koninklijke DSM, Sensient Technologies, Balchem Corporation, Syngenta Crop Protection, Royal FrieslandCampina |
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