The North America & Europe microencapsulated ingredients market was valued at $229.9 million in 2018, and is projected to reach $349.2 million by 2026, growing at a CAGR of 5.3% from 2019 to 2026.
Microcapsules are tiny capsules, which contain ingredients or materials that are released when the capsules are broken, melted, or dissolved. Microencapsulation is used increasingly in the skin care and personal care markets. Several skin care and personal care products are composed of biologically active substances that are encapsulated for increasing stability of active materials. Topical and transdermal delivery of active cosmetic ingredients works effectively by reaching the target site within the skin. Protection of these active ingredients is necessary during formulation, storage, and application of the cosmetic product. Hence, ingredients are microencapsulated in the skin care products. Rise in use of microencapsulated ingredients in the skin care application drives the growth of the market.
Nowadays, in cosmetics industry major interest is toward applications of essential oils, vitamins, skin moisturizing agents, antiaging agents, and others. Various new techniques of microencapsulation have been developed, which have wide applications in skin care, pharmaceuticals, food industries, and cosmetics.
UV Filters is projected as the most lucrative segment owing to its advantage such as it is used to prevent the direct contact of the UV radiations with skin which in turn prevents skin from sunburn, photo aging, and skin cancer.
The North America & Europe microencapsulated ingredients market is segmented into ingredient, application, and region. By ingredient, it is categorized into pigments, vitamins, UV filters, skin lightening components, essential oils, antiaging components, and active ingredients. The vitamins segment is further segmented into Vitamin C, Vitamin E, Vitamin F, and Vitamin A (Retinol). The UV filters segment is further divided into organic materials and inorganic materials. On the basis of application, it is classified into color cosmetics, sunscreen lotions (UV protection), whitening & lightening creams, anti-wrinkle & antiaging creams, and others. By region, the market is analyzed across North America and Europe.
Anti-wrinkle & Anti-aging cream is projected as the most lucrative segment.
Key players operating in the North America & Europe microencapsulated ingredients market are Air Liquide SA, Ashland Inc., BASF SE, Croda International PLC, Clariant AG, Kobo Products, Inc., Euracli, Koehler, Koninklijke DSM NV, Korea Particle Technology Co. Ltd., Givaudan SA, International Flavors & Fragrances, Inc., Lubrizol Corporation, Merck KGaA, Symrise AG, Sumitomo Corporation, Lonza Group Ltd., Lycored, Salvona LLC, Sensient Technologies Corporation, Nouryon, Reed Pacific Specialty Corporation, Chongqing Pellets Techniques & Trade Co. Ltd., Nanovetores, Biogenica, Gelyma, and Infinitec.
North America would exhibit an CAGR of 5.6% during 2019-2026.
Key Benefits For Stakeholders:
- The report includes in-depth analysis of different segments and provides market estimations between 2018 and 2026
- Porter’s Five Forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies
- Key market players are profiled to gain an understanding of the strategies adopted by them
- This report provides a detailed analysis of the current trends and future estimations from 2019 to 2026, which helps identify the prevailing market opportunities
North America & Europe Microencapsulated Ingredients Market Report Highlights
Key Market Players
BASF SE, KOREA PARTICLE TECHNOLOGY CO. LTD., BIOGENICS, KONINKLIJKE DSM NV, INTERNATIONAL FLAVORS & FRAGRANCES INC., KOEHLER, SUMITOMO CORPORATION, CLARIANT AG, CHONGQING PELLETS TECHNIQUES & TRADE CO. LTD., MERCK KGAA, REED PACIFIC SPECIALTY CHEMICALS, NANOVETORES TECHNOLOGIES S.A., AIR LIQUIDE SA, CRODA INTERNATIONAL PLC, GIVAUDAN SA, INFINITEC ACTIVOS SL, EURACLI, ASHLAND GLOBAL HOLDINGS INC., GELYMA, LYCORED, LONZA GROUP LTD, SYMRISE AG, LUBRIZOL CORPORATION, SENSIENT TECHNOLOGIES CORPORATION, KOBO PRODUCTS, INC., NOURYON, SALVONA LLC
Analyst Review: North America & Europe Microencapsulated Ingredients Market
According to the insights of CXOs of leading companies, use of microencapsulated ingredients is on the rise in skin care industries. Microencapsulation, being a nanotechnology version protects the ingredients from the effect of external agents such as sunlight and moisture. In microencapsulation process, ingredients such as pigments, vitamins, and UV filters are all encapsulated inside capsules.
The skin care and personal care products sector is a billion-dollar industry that is expected to expand in the near future. Therefore, to be successful in such a demanding and competitive sector, microencapsulation technology is being utilized. In addition, skin care products are composed of unstable biologically active substances that are sensitive to temperature, pH, light, and oxidation. These substances undergo undesired reactions that can reduce their effectiveness and lead to the degradation of the cosmetic product. Therefore, microencapsulation technologies have been increasingly used to increase stability and protect against degradation. Hence, the rise in use of skin care and personal care products fosters the growth of the North America & Europe microencapsulated ingredients market. Some stringent government regulations regarding the use of cosmetics & cosmetics ingredients in skin care products hampers the growth of the microencapsulated ingredients market in the North American & European regions.
Among the analyzed geographical regions, Europe is expected to account for the highest revenue in the global market throughout the forecast period (2019-2026) followed by North America.