Browse 255 market data Tables and 54 Figures spread through 308 Pages and in-depth TOC on "Microcapsule Market"

The microcapsule market is projected to grow from USD 8.4 billion in 2021 to USD 13.4 billion by 2026, at a CAGR of 9.8% from 2021 to 2026, owing to increasing demand from the pharmaceuticals & healthcare industry. The household and personal care industry is expected to register the highest CAGR from 2021 to 2026. The high growth of the household and personal care industry is due to the rising spending on personal care products by consumers across the world.

North America is the largest region in the microcapsule market. The market in this region is majorly driven by the growing demand and increasing consumer awareness about value-added products in various areas, such as nutrition, food, healthcare, and personal care. Therefore, companies focus on manufacturing functional and fortified products using novel technologies, such as microencapsulation.

To know about the assumptions considered for the study download the pdf brochure

The key market players in the microcapsule market are BASF SE (Germany), Syngenta Crop Protection AG (Switzerland), Royal FrieslandCampina N.V. (Netherlands), Koninklijke DSM N.V. (Netherlands), Givaudan S.A. (Switzerland), Firmenich S.A. (Switzerland), Symrise AG (Germany), International Flavors & Fragrances (US), Lycored Corp. (Israel), and Sensient Technologies Corporation (US). These players have adopted expansions, acquisitions, product launches, investments, partnerships, joint ventures, mergers, collaborations, agreements, and divestments as their growth strategies to meet the growing demand for microcapsules.

BASF SE, is the leading player in the global microcapsule market. In August  2018, BASF SE’s animal nutrition division launched the Lucantin NXT product line in the European Union, which would be gradually followed in other countries. The carotenoid formulation of Lucantin NXT met the regulation (EC) No. 2017/962, which requires the withdrawal of ethoxyquin (EQ) as a feed additive. The product launch helped the company expand and strengthen its geographical footprint in the microcapsule animal nutrition market.

Another important player in the global microcapsule market is Givaudan S.A. In May 2019, Givaudan S.A. launched Spherulite R10, a microencapsulated stabilized retinol. This product is manufactured using a microencapsulation technology called spherulite technology that offers faster and superior anti-aging clinical efficacy than free retinol. The product development helped the company to enhance its position in the beauty industry on a global level.

Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=24415649

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/microcapsule-market-24415649.html