Covina, CA, January 04, 2021 (GLOBE NEWSWIRE) – The growing demand of microencapsulated products across various industries, is the growing demand for pharmaceutical and agro- products. chemical, and the growing demand for active food products of the microencapsulation market.
The global microencapsulation market accounted for US $ 7.8 billion in 2019 and is expected to record a CAGR of 14.5%.
The report “Global Microencapsulation Market, By Technology (Spray, Emulsion, and Dripping), By Main Material (Pharma & Healthcare Drugs, PCM, Food Additives, and Fragrances), By Application (Pharma, Family, Agrochemicals, and Clothing Products), and by region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trends, Analysis and Forecast till 2029 “.
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Key events:
- In October 2020, Lubrizol Health Science (LLS Health) will launch ASTAGILE microcapsules, a stable, organo-proven, microencapsulated astaxanthin (Haematococcus pluvialis) with spirulina. The two ingredients were uniquely combined in a patented waiting product designed to promote mental flexibility and support aging for both young and old adults.
- In November 2020, Lubrizol will introduce novel microencapsulated spirulina astaxanthin for aging.
- In August 2018, the animal nutrition division of BASF (Germany) launched the Lucantin NXT product line in the European Union that would be gradually marketed in other countries. The carotenoid formulation would meet the latest regulation that ethoxyquin (EQ) must be removed as a stable.
Analyst view:
Increasing investment in biology research and development
The growing number of different biotechnology and biopharmaceutical companies that use filtration systems including organs, capsules, cartons, and other products is driving the overall market growth of pharmaceutical filtration technologies. In addition, the rapid adoption of innovative treatment therapies such as monoclonal antibodies, therapeutic proteins, and vaccines has had a positive impact on market growth. In addition, companies are investing heavily in R&D to enhance existing product records. For example, in 2016, AstraZeneca, a leading healthcare company, invested approximately USD 5,890 million in R&D. In addition, in 2018, GE Healthcare and the Swedish Government opened an innovation center in Sweden —Testa Center — to support the commercialization of advanced biopharmaceuticals.
Growing pharmaceutical industry
More and more infectious and contagious diseases across the globe are affecting the growth of the pharmaceutical industry. According to the data published by the pharmaceutical industry and Global Health in 2017, the global pharmaceutical industry was valued at US $ 997 billion in 2014. Later, there is an increase in production activities and research has increased the demand for organ technologies that are expected to drive the growth of pharmaceutical membrane technology market over the expected period.
View 60 market data tables * and 35 figures * through 140 slides and a deep TOC on “Global Microencapsulation Market ”, With Technology (Spraying, Emulsion, and Dripping), With Main Products (Pharma & Healthcare Drugs, PCM, Food Additives, and Fragrances), By Application (Pharma, Family, Agrochemicals, and Clothing ), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trend, Analysis and Outlook to 2029
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Key market insights from the report:
The global microencapsulation market accounted for US $ 7.8 billion in 2019 and is expected to record a CAGR of 14.5%. The market report has been broken down by technology, main material, usage and area.
- According to technology, the spray segment is expected to grow at the highest CAGR over the expected period. This is due to the advantages that the microencapsulation process offers, which include high production capacity, high recovery efficiency, process simplicity, cost efficiency, and process safety. Spray technologies are widely used in large-scale food manufacturing and pharmaceutical grade microencapsulation.
- In terms of key products, the pharmaceutical & healthcare drugs sector was the largest market size in the forecast period.
- By insertion, the pharma section is calculated for the highest proportion for controlled drug delivery, to provide the bitter taste or smell of its drugs in drugs and to provide targeted delivery.
- By region, the market for micro-broadcasting in the North American region is gaining market control with the growing demand and awareness of value-added products for several areas such as nutrition, food, health care and personal care. As a result of this awareness and increased demand, companies are focusing on manufacturing action products with state-of-the-art technologies such as microencapsulation.
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Competitive Landscape:
Prominent players operating in the global microencapsulation market include BASF, Royal FrieslandCampina, Syngenta Crop Protection, Koninklijke DSM, Givaudan, Firmenich, Symrise, International Flavors & Fragrances, Sensient Technologies, Lycored Corp. .
The market provides detailed information on business base, productivity, strengths, manufacturers, and recent trends that help companies to expand their businesses and drive financial growth. Additionally, the report highlights dynamic features including segments, sub-segments, regional market segments, competition, key advanced players, and market forecasts. In addition, the market includes recent collaborations, unions, acquisitions, and partnerships with regulatory frameworks across different sectors that influence the market direction. Recent technological advances and innovations that have impacted the global market are included in the report.
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Some important points answered in this market report are given below:
- Explains an overview of the product package, including product development, design, and positioning
- Explains details of key operational strategies with a focus on R&D strategies, corporate structure, zoning strategies, production capabilities, and financial performance of different companies.
- Analysis of market revenues over the expected period.
- Exploring various market perspectives with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
- Examine the segments expected to control the market.
- A study of the expected regional survey that will record the highest growth over the expected period
Key topics covered
- Introduction
- Investigate what can be delivered
- Assumption research
- Scope of the Study
- Research Methodology
- Government Minutes
- Opportunity Map Analysis
- Prospective market
- Market share (%) and BPS analysis, by region
- Competitive Landscape
- Heat Map Analysis
- Market presence and specificity analysis
- Investment Analysis
- Competitive Analysis
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