North America And Europe Microencapsulated Ingredients Market Size
North America And Europe Microencapsulated Ingredients Market size was registered at USD 242 million in 2019 and is estimated to reach USD 431.5 million by 2030, registering a CAGR of 5.40% from 2019 to 2030.
Microcapsules are tiny capsules, containing ingredients or materials released when the capsules are broken, melted, or dissolved. The microencapsulation system facilitates the encapsulation of compounds within a microsphere or a microcapsule. Microencapsulation is achieved by a chemical process known as cross-linking of the interfaces. The small bifunctional monomer comprising active hydrogen atoms is replaced by a biologically sourced polymer, such as protein, in the interfacial cross-linking process. It is increasingly being used in the markets for skincare and personal care as most items are made of biologically active substances which are encapsulated to improve active material stability. The topical and transdermal delivery of active cosmetic ingredients works well by moving through the skin to the target site. The protection of these active ingredients is essential during cosmetic product formulation, storage, and application. Therefore, ingredients in skincare products are microencapsulated.
Market Highlights
North America And Europe Microencapsulated Ingredients Market is expected to project a CAGR of 5.40% during the forecast period, 2019-2030
With the growth in demand for functional and fortified food as well as pharmaceutical products, demand for microencapsulation also increases. It includes the incorporation of minerals, vitamins, spices, essential oils, and other additives into food products to improve product functionality. The pharmaceutical industry is also highly affected by microencapsulation technologies because of the advantages the manufacturers have gained.
North America And Europe Microencapsulated Ingredients Market: Segments
North America And Europe Microencapsulated Ingredients Market are segmented based on ingredients, applications, technology, and region.
By ingredients (in %), North America And Europe Microencapsulated IngredientsMarket, 2019. The UV Filter segment is anticipated to register XX% of the market share during the forecasted period.
By ingredients, it is categorized into pigments, Vitamins, UV Filters, Skin lightning components, Active ingredients, Essential oils, and Anti-aging components. Encapsulated UV filters are used to avoid the direct interaction of the skin with the UV rays, which in turn protects the skin from sunburn, photoaging, and skin cancer. The increase in demand for encapsulated UV filters is attributed to the rise in temperature in economies such as Canada, Germany, France, and Sweden; which is expected to drive the growth of the microencapsulated ingredients market in North America & Europe as a whole.
By application (in %), North America And Europe Microencapsulated IngredientsMarket, 2019
Pharmaceuticals and healthcare products segment accounted for XX% of the nation’s volume in 2019
Among the application segment which can be classified into Pharmaceuticals and healthcare products, food and beverages, household and personal care products, Agrochemicals, Construction materials, Textiles, and Others. Healthcare and pharmaceutical sectors use Microencapsulation for controlled drug delivery. Pharmaceutical companies make extensive use of microencapsulation technology to block the bitter taste or smell in drugs and provide targeted delivery and controlled distribution. Thus, the production of drugs based on these biomolecules is expected to fuel demand for microencapsulation and deliver the active ingredients efficiently.
By technology (in %), North America And Europe Microencapsulated Ingredients Market, 2019
Spray technologies segment accounted for the largest market size in the global market during the forecast period
North America And Europe Microencapsulated Ingredients Market can also be categorized by technology into Spray technologies, Emulsion technologies, Dripping technologies, and Other technologies. Spray technology holds the highest growth due to the advantages the microencapsulation process provides, which include high production capability, high recovery performance, process reliability, cost-effectiveness, and process protection. Spray technologies are commonly used in large-scale food processing and microencapsulation of a pharmaceutical-grade which in turn increases its demand. The region segment can be further divided into five major types including USA, Canada, Germany, UK, and France.
North America And Europe Microencapsulated Ingredients Market Dynamics:
Demand for fortified foods and pharmaceutical products to drive the growth of the market
With the growth in demand for functional and fortified food as well as pharmaceutical products, demand for microencapsulation also increases. It includes the incorporation of minerals, vitamins, spices, essential oils, and other additives into food products to improve product functionality. The pharmaceutical industry is also highly affected by microencapsulation technologies because of the advantages the manufacturers have gained. Topical and transdermal delivery of active cosmetic ingredients works efficiently by entering the target site within the skin, it is important to secure these active ingredients during cosmetic product development, storage, and application. Thus the ingredients microencapsulated in the skincare products drive the market size of the product in North America and Europe.
The high cost of resources for research and development to hinder the market growth
Continuous research and development are required in the Microencapsulated Ingredients Market to maintain its position in the industry. The high cost of the resources used for research, along with the processing technology, is expected to hinder the growth of the market. Microencapsulated material development is sometimes personalized, and is sometimes required to be done on an industrial scale instead of a pilot scale. It raises the expense of producing the goods and eventually increases their prices.
North America And Europe Microencapsulated Ingredients Market: Key players
- Air Liquide
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Ashland Inc.
- BASF SE
- Croda International PLC
- Clariant AG
- Oracle
- Koehler
- Givaudan SA
- International Flavors & Fragrances
- Other prominent players
North America And Europe Microencapsulated Ingredients Market: Regions
In terms of value and volume, North America and Europe accounted for XX% of total market volume share in 2019
Technological advancements in nations like Canada, France, Germany, and Mexico have increased demand for microencapsulated products which is driving the growth of the industry significantly. The growth in demand for functional and fortified food as well as pharmaceutical products has increased opportunities for market growth. The region segment can be further divided into five major types including USA, Canada, Germany, UK, and France.
North America And Europe Microencapsulated IngredientsMarketis further segmented by region into:
- USA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR
- Canada Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR
North America And Europe Microencapsulated Ingredients Market: Competitive landscape
Some factors that improve the role in the market of the key players within the Microencapsulated Ingredients market have been the diversified ingredients range, research and developments in the field, the continuous execution of corporate strategy and planning, and scientific advancements.
The North America And Europe Microencapsulated Ingredients Market report also contains analysis on:
North America And Europe Microencapsulated Ingredients Market segments: -
- By Ingredients:
- Pigments
- Vitamins
- UV Filters
- Skin lightening components
- Active ingredients
- Essential oils
- Anti-aging components
- By Application:
- Pharmaceuticals and healthcare products
- Food and beverages
- Household and personal care products
- Agrochemicals
- Construction materials
- Textiles
- Others
- By Technology:
- Spray technologies
- Emulsion technologies
- Dripping technologies
- Other technologies
- North America And Europe Microencapsulated Ingredients Market dynamics
- North America And Europe Microencapsulated Ingredients Market size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
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