Microencapsulation Market to achieve 8% CAGR up to 2024
Date: 2018-09-25   Author: Rahul Varpe  Category: #market

Microencapsulation Market to achieve 8% CAGR up to 2024

A Microencapsulation Market research report compiled by Global Market Insights, Inc., claims that Europe and North America conjointly held more than 65% of the global share in 2016, owing to the robust expansion of the pharma and healthcare spheres across these highly developed geographies. Primarily, microencapsulation market size across these regions is heavily driven by the growing demand for microencapsulated drugs, not to mention, the extensive R&D activities in the healthcare field. In effect, the growth of the overall pharma sector is directly proportional to the revenue graph of microencapsulation industry share.

The recent Frutarom-AB-Biotics agreement has sent out waves of anticipation in microencapsulation market, given that the deal has been signed by Frutarom to acquire AB Biotics’ iron deficiency ingredient unit, AB-Fortis. Apparently, the Israel-based flavor company plans to encompass AB-Fortis into its established framework of specialty fine ingredients, and tap into its microencapsulation technology to increase the absorbability of iron in tissues, and enable a reduced iron dosage in ingredient extracts, without any side effects or any compromise on the taste factor.

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With the acquisition of AB-Fortis, Frutarom has successfully crossed a double benchmark – that of having firmly established its space in microencapsulation industry, while simultaneously having made its tenth acquisition of 2017 so far, the last one being, 210-million-dollar takeover of the Israel ingredients company, Enzymotec. Furthermore, it is prudent to mention that AB-Fortis’ inclusion within Frutarom’s umbrella may prove to be highly beneficial for the ex-iron-deficiency-ingredient unit of the Spanish biotech company AB-Biotics. Considering the prominence of Frutarom in the growing specialty health ingredients market, it is expected that the company will exploit the full potential of AB-Fortis to mark a precedence in the microencapsulation market as well.

Microencapsulation technology finds extensive applications across a plethora of end-use domains, though the pharmaceutical sphere, by far, remains one of the most lucrative sectors. In 2016 alone, the pharma domain accounted for a revenue of USD 4 billion from the overall microencapsulation industry share, driven by the deployment of this technology for improving the process and effectiveness of drug delivery and camouflage the bitter taste of medicines. Also, this sector has achieved commendable prominence in the developed regions of the globe, thereby providing an impetus to the overall microencapsulation market size.

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As per statistics, the pharma sector in North America is in exceedingly good shape, driven by the contribution of the United States, which is touted to be the most important pharmaceutical market is the world. In conjunction with Mexico and Canada in fact, it represents the biggest continental pharmaceutical business globally, which is evidence enough to claim that North America is one of most remunerative grounds for microencapsulation industry. Estimates state that the U.S. alone accounts for more than 45% of the overall pharma business – in 2016, its contribution toward the global pharma sphere has been touted to be around USD 446 billion. Given the robust expansion of this sector in the U.S., it has been forecast that U.S. microencapsulation market share is likely to accumulate substantial revenue in the ensuing years.

Given that microencapsulation helps encapsulate essential nutrients in additives, it has found profound applications across the nutrition sector. In fact, recently, in a research study, an extract of sea buckthorn, carefully microencapsulated in whey protein isolate, had demonstrated an antioxidant activity, indicating that the extract may play a vital role in the sports nutrition sector. As per reports, the study team based at the Dunarea de Jos University, Romania, claim that they encapsulated sea buckthorn extract through freeze drying and coacervation, deploying gum acacia and whey proteins and gum acacia, and then obtained a powder encompassed with health-promoting properties. If and when commercialized, this ingredient combination is likely to bring about a transformation in microencapsulation market landscape.

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The process of encapsulation is also used for sensitive compounds such as polyunsaturated fatty acids and liposoluble vitamins. Microencapsulation industry also boasts of applications such as encapsulating B vitamins for flavor masking chewable tablets, powdered sports beverages, and nutrients for sports nutrition bars. Essentially, it has been inferred that sports nutrition is a pivotal emerging end-use domain for microencapsulation market size.

Driven by the extensive developments prevalent across the end-use sectors such as pharma, food additives, agrochemicals, and the like, microencapsulation industry share is likely to amass considerable popularity in the years ahead. A report by Global Market Insights, Inc., claims that microencapsulation market size is likely to grow at a CAGR of 8% over 2017-2024, with a target revenue estimation of more than USD 14 billion by 2024. It is prudent to mention that companies partaking in this business share have been spending excessively on R&D activities, to bring about certain essential changes in the product deployment and commercialization, that is certain to further impel microencapsulation industry size in the forthcoming years.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for AlgosOnline. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. ...

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