Report : Encapsulation Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Coating Material (Polymers, Gums and Resins, Lipids, Carbohydrates, and Proteins), Technology (Spray Technology, Emulsion Technology, Dripping Technology, and Others), and Application (Pharmaceuticals and Nutraceutical, Food and Beverages, Personal Care Products, Agrochemicals, and Others)
According to our latest market study on “Encapsulation Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Coating Material (Polymers, Gums and Resins, Lipids, Carbohydrates, and Proteins), Technology (Spray Technology, Emulsion Technology, Dripping Technology, and Others), and Application (Pharmaceuticals and Nutraceutical, Food and Beverages, Personal Care Products, Agrochemicals, and Others),” the global encapsulation market is expected to grow from US$ 35,113.49 million in 2021 to US$ 80,071.65 million by 2028; it is estimated to grow at a CAGR of 12.5% from 2021 to 2028. The report highlights key factors driving the market growth and prominent players along with their developments in the market.
Encapsulation is the process of coating active ingredients in goods using specific materials. Encapsulation is used to enhance the stability and longevity of the product being encapsulated and to allow the controlled release of the contents. Encapsulation of active ingredients, such as antioxidants, prebiotics, vitamins, amino acids, and carotenoids, in functional food products is expected to increase substantially during the forecast period due to increasing health-conscious population and rising demand for nutritional food products across the world.
Functional products are products generally sold in retail outlets and convenience stores and are considered staples in individuals' daily lives. Functional products are characterized as products having long shelf lives and generally a predictable demand. Encapsulation of major ingredients in the functional products can further help in increasing the shelf life of the products and warrants a positive profit margin.
A few of the major key players operating in the global encapsulation market are Encapsys, LLC; Lycored; Tastetech; Givadan; Balchem, INC; FrieslandCampina; DSM; Microtek Laborotories, INC; Legris Industries Group; and BASF SE.
With the COVID-19 outbreak across the world, most countries declared a health emergency and stopped inessential movements. The crisis heavily impacted the supply chain of goods. The COVID-19 pandemic has negatively impacted the global encapsulation market owing to the shutdown of manufacturing units, rise in prices of raw material, shortage of labor, disruption of supply chains, and financial instability. Moreover, disruption of the processed food & beverages industry due to the economic slowdown caused by the pandemic has hindered the growth of the encapsulation market. Encapsulation is used to stabilize active compounds in various products. This pandemic is projected to impact the market at a low level. However, with the relaxation of the norms, which were taken to control the spread of the virus, the market resumed with the necessary precautions.
By coating material, the encapsulation market is segmented into polymers, gums and resins, lipids, carbohydrates, and proteins. Based on technology, the market is segmented into spray technology, emulsion technology, dripping technology, and others. Based on application, the market is segmented into pharmaceuticals and nutraceutical, food and beverages, personal care products, agrochemicals, and others. By geography, the encapsulation market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America. The market in North America is further segmented into the US, Canada, and Mexico. The encapsulation market in Europe is further segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The market in Asia Pacific is subsegmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The encapsulation market in Middle East & Africa (MEA) is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The market in South and Central America is subsegmented into Brazil, Argentina, and the Rest of South and Central America.
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