Microcapsule Market Worth $13.9 Billion by 2025 - Exclusive Report by MarketsandMarkets - Seite 2

By end-use industry, the pharmaceutical & healthcare segment to lead the microcapsule market during the forecast period.

By end-use industry, the pharmaceutical & healthcare segment accounted for the largest share of the microcapsule market in 2019. This growth is mainly attributed to properties like controlled release of drugs, timely delivery of functional ingredients, and taste masking. These factors are driving the growth of this segment.

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By technology, the dripping technologies segment is projected to lead the microcapsule market forecast period.

By technology, the dripping technologies segment is projected to grow with the highest CAGR during the forecast period. Dripping technologies include droplet extrusion through spinning disks, jet breakage systems, and coextrusion. These technologies are applied for liquid, solid, hydrophilic, and lipophilic materials. The major advantages of dripping technologies are biocompatibility and low particle size distribution, which is expected to drive the growth for dripping technologies. Also, growing demand for microencapsulated active ingredients in pharmaceutical industry to drive market growth for dripping technologies.

South America to witness the highest growth rate in the microcapsule market.

The microcapsule market in South America is projected to witness the highest CAGR from 2020 to 2025. Growing demand for microcapsule in sectors such as agriculture, food, textile, and flavor has contributed to the growth of the South America microcapsule market. In this region, the microcapsule market is majorly driven by Brazil and Argentina.

Some of the leading players operating in the microcapsule market include BASF SE (Germany), International Flavors & Fragrances (US), Koninklijke DSM N.V. (Netherlands), Symrise AG (Germany), Givaudan S.A. (Switzerland), Sensient Technologies Corporation (US), Royal FrieslandCampina N.V. (Netherlands), Syngenta Crop Protection AG (Switzerland), Lycored Corp. (Israel), Koehler Innovative Solutions (Germany), Balchem Corporation (US), Capsul SAS (France), TasteTech Ltd. (UK), MicroCapsules Technologies (MCT) (France), INSILICO Co. Ltd. (South Korea), Matsumoto Yushi Seiyaku Co., Ltd. (Japan), Encapsys (US), Arcade Beauty (US), Reed Pacific (Australia), Firmenich SA (Switzerland), Ronald T. Dodge Company (US), Microtek Laboratories, Inc. (US), AVEKA, Inc. (US), INNOBIO (China), GAT Microencapsulation GmbH (Austria), BRACE GmbH (Germany), and Tagra Biotechnologies Ltd. (Israel). These players have adopted the strategies of expansions, acquisitions, new product launches, and partnerships to enhance their position in the market.