Microcapsules are tiny capsules containing materials such as medicine and other essential healthcare product, that are released when the capsule is melted, broken, or dissolved. In the pharmaceutical industry, a microcapsule is used to treat renal diseases, cardiovascular diseases, colorectal cancer, inflammatory bowel disease, and anemia. To enhance the food quality various minerals, vitamins, and proteins are added to dairy products, bakery products, yogurts, cereals, and infant food.
MARKET SCOPE
The "Global Microcapsule Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Microcapsule market with detailed market segmentation by core material, external material, technology, and end-user. The report provides key statistics on the market status of the leading Microcapsule market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on core material the market is segmented as, agricultural inputs, food additives, pharmaceutical and healthcare, drugs, fragrances, phase change materials, and others.
- Based on external materials the market is segmented as, lipids, gums and resins, melamine, formaldehyde, carbohydrates, proteins, and other polymers.
- Based on technology the market is segmented as, emulsion technology, spray technology, dipping technology, and others.
- Based on end-user the market is segmented as, pharmaceutical and healthcare, food, household and personal care, textiles, agrochemicals, and others.
MARKET DYNAMICS
Drivers:
- Rising need for microcapsules for medicinal purposes.
- Increasing need for microencapsulation in the food and beverages industry to enhance food quality.
- High cost of other taste-masking products and techniques.
- Extensive R&D efforts by biochemical and pharmaceutical companies to develop advanced microcapsules are expected to fuel the market growth.
Restraints:
- Whereas, the high cost of manufacturing is expected to restrain the market growth during the forecast period.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. The Microcapsule market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South and Central America after evaluating political, economic, social and technological factors affecting the Microcapsule market in these regions.
IMPACT OF COVID-19 ON MICROCAPSULE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the Microcapsule market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Microcapsule market are anticipated to lucrative growth opportunities in the future with the rising demand for Microcapsule in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Microcapsule market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- SYNGENTA CROP PROTECTION AG
- FRIESLANDCAMPINA N.V.
- KONINKLIJKE DSM N.V.
- GIVAUDAN S.A.
- FIRMENICH S.A.
- SYMRISE AG
- INTERNATIONAL FLAVORS AND FRAGRANCES
- LYCORED CORP.