マイクロカプセル化市場 – 2029年までの世界予測

Microencapsulation Market - Global Forecast To 2029

マイクロカプセル化市場 - シェル材料(ポリマー、ガムおよび樹脂、脂質、炭水化物、タンパク質)、テクノロジー、コア材料、コア材料の形状、最終用途産業、機能性、および地域別 - 2029年までの世界予測
Microencapsulation Market by Shell Material (Polymers, Gums & Resins, Lipids, Carbohydrates, Proteins), Technology, Core Material, Core Material Form, End-Use Industry, Functionality, and Region - Global Forecast to 2029

商品番号 : SMB-68412

出版社MarketsandMarkets
出版年月2025年2月
ページ数402
図表数398
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The global market for microencapsulation is estimated to be valued at USD 15.38 billion in 2024 and is projected to reach USD 24.07 billion by 2029, at a CAGR of 9.4% during the forecast period.

マイクロカプセル化の世界市場は、2024年に153億8,000万米ドルと推定され、予測期間中のCAGRは9.4%で、2029年までに240億7,000万米ドルに達すると予測されています。

AI technologies include advanced data analysis and predictive modeling that enables the manufacturers to achieve optimization of the microencapsulation techniques, mainly spray drying and coacervation. This can result in new formulations with tailored properties where always, controlled release, and enhanced stability are included. In addition, AI-powered simulation allows rapid prototyping, which reduces the time needed for research and development. Combining the algorithms of machine learning into quality control assures product quality consistency, along with defects or variations identified in real-time. The AI applications in supply chain management have streamlined the processes in ways that reduce waste and, ultimately minimize costs so that micro-encapsulated products are more accessible and appealing to the end-users in pharmaceuticals and food industries.

AI テクノロジーには、メーカーが主にスプレー乾燥とコアセルベーションなどのマイクロカプセル化技術の最適化を達成できるようにする高度なデータ分析と予測モデリングが含まれています。これにより、常に放出制御が行われ、安定性が向上した、目的に合わせた特性を備えた新しい製剤が得られます。さらに、AI を活用したシミュレーションにより、迅速なプロトタイピングが可能になり、研究開発に必要な時間が短縮されます。機械学習のアルゴリズムを品質管理に組み合わせることで、製品の品質の一貫性が確保され、欠陥や変動がリアルタイムで特定されます。サプライチェーン管理における AI アプリケーションは、廃棄物を削減する方法でプロセスを合理化し、最終的にはコストを最小限に抑えることで、マイクロカプセル化された製品が製薬業界や食品業界のエンドユーザーにとってより入手しやすく、魅力的なものになるようにしました。

マイクロカプセル化市場 - 2029年までの世界予測
microencapsulation-market

Disruption in the microencapsulation market: The microencapsulation market is seeing tremendous disruptive changes because various applications of products require new enhanced performance regarding improved safety and convenience. Microencapsulation permits the controlled release of active ingredients, which otherwise degrade, and whose functionality is further improved by application in food, pharmaceutical, and personal care products. This technology provides accurate delivery mechanisms where the right amount of nutrients or compounds are released at the proper time and place for maximum impact. Some of the key disruptions in the microencapsulation market include:

  • Technological Advancements: Innovations such as nanotechnology and 3D printing now allow microencapsulation processes to be more precise and efficient; these technologies improve the stability and enhance the bioavailability of active ingredients.
  • Prominence and Rising Demand for Functional Products: Increased demand for safe, consumer-safe functional foods and nutraceuticals that do not compromise in terms of quality and taste is driving demand for effective microencapsulation solutions that ensure safe delivery of health benefits.
  • Sustainability Concerns: Greater awareness about sustainability creates pressures on manufacturers to produce encapsulation materials that are biodegradable and as nontoxic and harmless to the environment as possible. This shifts raw material sourcing and production processes accordingly.

“The Pharmaceutical sub-segment holds a dominant market share among the end-use industries in the microencapsulation market.”

The demand for precise drug delivery systems plays an important role in enhancing therapeutic results. The microencapsulation technology allows for the gradual release of active pharmaceutical ingredients, thus ensuring that medicine is administered at the right dose and over time, which would be more appropriate for chronic disease treatments like diabetes and hypertension. It also enhances the bioavailability of poorly soluble drugs and, hence, their efficacy. In addition, microencapsulation is required in masking drugs with unpleasant taste or odor for better patient compliance especially in pediatric and geriatric care. This technology also plays a significant role in shielding sensitive compounds from degradation by the gastrointestinal tract so that drugs can reach their target areas unabated. These factors along with the increasing demand for personalized medicines and complex drug formulation make the pharmaceutical sector the largest end-use industry in the microencapsulation market.

“the spray technoogy sub-segment holds a dominant market share among the technology in the microencapsulation market.”

Spray technology is one of the key sub-segments in the microencapsulation market with high market shares due to versatility and efficiency in production of encapsulated products. It applies different techniques such as spray drying and spray chilling in encapsulating various core materials including vitamins, flavors, and fragrances. The main advantage of spray technology is that it permits the production of uniform microcapsules with definite size and a predictable release profile, significantly enhancing the stability and bioavailability of sensitive ingredients.

spray technology allows the manufacture at a tremendous speed, thus enabling corporations to rapidly respond to increasingly high market demands. Responding to the desire to create a more sustainable industry, this kind of technology has gained a lot of acceptance lately because it helps produce ‘green’ encapsulation materials that decrease the undesirable impact on the environment. The improvements in process optimization with the quality of the product are furthered through innovations in spray technology, such as advanced nozzles and automated systems.

マイクロカプセル化市場 - 2029年までの世界予測 region
microencapsulation-market-region1

North America region holds a dominant market share in the microencapsulation market.

Major manufacturers here have strong representativeness, and huge innovations are put into it. This region houses many leading companies associated with developing advanced microencapsulation solutions for widespread applications, such as International Flavors & Fragrances Inc. (US), Sensient Technologies Corporation(US), Balchem Corp. (US), DuPont. (US), Cargill Incorporated (US), Lycored (New Jersey), and Koehler Group (US)

Substantial research and development investments in this region facilitate the adaptation of new encapsulation technologies and an increase in the functionality of the products. The increasing consumer demand for fortified and functional food products further pushes the market forward as manufacturers look for microencapsulation as the route to enhance nutrient delivery and stability. The necessity for sustainability and clean-label products in North America has placed a high emphasis on eco-friendly encapsulation methods within those organizations, further reinforcing North America as a leading market.

In-depth interviews have been conducted with chief executive officers (CEOs), Directors, and other executives from various key organizations operating in the microencapsulation market:

  • By Company Type: Tier 1 – 25%, Tier 2 – 45%, and Tier 3 – 30%
  • By Designation: Directors– 20%, Managers – 50%, Others- 30%
  • By Region: North America – 25%, Europe – 30%, Asia Pacific – 20%, South America – 15% and Rest of the World –10%

Prominent companies in the market include BASF (Germany), FrieslandCampina (Netherlands), dsm-firmenich (Switzerland), Givaudan (Switzerland), International Flavors & Fragrances Inc. (US), Sensient Technologies Corporation (US), Balchem Corp. (New Jersey), Ingredion (US), Kerry Group plc (Ireland), Symrise (Germany), DuPont (US), Cargill Incorporated (US), Syngenta (Switzerland), Lycored (New Jersey), Koehler Group (US).

マイクロカプセル化市場 - 2029年までの世界予測 ecosystem
microencapsulation-market-ecosystem

Other players include Aveka Group (US), TasteTech (UK), Clextral (France), Microtek Laboratories, Inc. (US), Advanced BioNutrition Corp (Columbia), Vitae Naturals (Spain), Vitablend (Netherlands), Maxx Performance Inc. (US), Arcade Beauty (US), and Sphera Encapsulation (Italy).

Research Coverage:

This research report categorizes the microencapsulation market by shell material (Polymers, Gums & resins, Lipids, Carbohydrates, Proteins) by core material (agricultural inputs, food & beverage ingredients, active ingredients, fragrances, phase change materials, and others), core material type (Solid, Liquid, Gas), technology, end-user industry, functionality, and region (North America, Europe, Asia Pacific, South America, and Rest of the World). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of microencapsulation. A detailed analysis of the key industry players has been done to provide insights into their business overview, services, key strategies, contracts, partnerships, agreements, new service launches, mergers and acquisitions, and recent developments associated with the microencapsulation market. Competitive analysis of upcoming startups in the microencapsulation market ecosystem is covered in this report. Furthermore, industry-specific trends such as technology analysis, ecosystem and market mapping, and patent, and regulatory landscape, among others, are also covered in the study.

Reasons to buy this report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall microencapsulation and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Increased R&D activities for process efficiency to enhance market penetration), restraints (High costs associated with the microencapsulated process), opportunities (Development of advanced technologies to tap niche markets), and challenges (Stability of microencapsulated ingredients in a varying atmosphere) influencing the growth of the microencapsulation market.
  • New product launch/Innovation: Detailed insights on research & development activities and new product launches in the microencapsulation market.
  • Market Development: Comprehensive information about lucrative markets – the report analyzes the microencapsulation across varied regions.
  • Market Diversification: Exhaustive information about new services, untapped geographies, recent developments, and investments in the microencapsulation market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, brand/product comparison, and product food prints of leading players such as BASF (Germany), FrieslandCampina (Netherlands), dsm-firmenich (Switzerland), Givaudan (Switzerland), International Flavors & Fragrances Inc. (US) and other players in the microencapsulation market.

Table of Contents

1               INTRODUCTION              35

1.1           STUDY OBJECTIVES       35

1.2           MARKET DEFINITION   35

1.3           STUDY SCOPE   35

1.3.1        MARKET SEGMENTATION           36

1.3.2        INCLUSIONS AND EXCLUSIONS 37

1.3.3        YEARS CONSIDERED      39

1.4           UNITS CONSIDERED      39

1.4.1        CURRENCY CONSIDERED            39

1.4.2        VOLUME UNIT CONSIDERED     40

1.5           STAKEHOLDERS               40

1.6           SUMMARY OF CHANGES               41

2               RESEARCH METHODOLOGY       43

2.1           RESEARCH DATA              43

2.1.1        SECONDARY DATA          44

2.1.1.1    Key data from secondary sources       44

2.1.2        PRIMARY DATA 44

2.1.2.1    Key data from primary sources           45

2.1.2.2    Key insights from industry experts    46

2.1.2.3    Breakdown of primary interviews      47

2.2           MARKET SIZE ESTIMATION         47

2.3           DATA TRIANGULATION                50

2.4           RESEARCH ASSUMPTIONS           51

2.5           LIMITATIONS AND RISK ASSESSMENT   52

3               EXECUTIVE SUMMARY  53

4               PREMIUM INSIGHTS       59

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MICROENCAPSULATION MARKET            59

4.2           MICROENCAPSULATION MARKET: SHARE OF MAJOR REGIONAL SUBMARKETS             60

4.3           NORTH AMERICA: MICROENCAPSULATION MARKET, BY TECHNOLOGY AND COUNTRY            60

4.4           MICROENCAPSULATION MARKET, BY REGION  61

4.5           MICROENCAPSULATION MARKET, BY END-USE INDUSTRY           61

4.6           MICROENCAPSULATION MARKET, BY TECHNOLOGY                 62

4.7           MICROENCAPSULATION MARKET, BY CORE MATERIAL                 62

4.8           MICROENCAPSULATION MARKET, BY SHELL MATERIAL                 63

5               MARKET OVERVIEW       64

5.1           INTRODUCTION              64

5.2           MACROECONOMIC INDICATORS              64

5.2.1        HIGHER INVESTMENT IN RESEARCH AND DEVELOPMENT                64

5.2.2        GROWTH OPPORTUNITIES IN DEVELOPING REGIONS SUCH AS ASIA PACIFIC  65

5.3           MARKET DYNAMICS       66

5.3.1        DRIVERS               67

5.3.1.1    Increase in demand for fortified food products with health benefits  67

5.3.1.1.1 Increase in demand from food industry            67

5.3.1.1.2 Growing use in functional food          67

5.3.1.2    Rise in demand from pharmaceutical industry                 68

5.3.1.2.1 Controlled drug delivery     68

5.3.1.2.2 Targeted drug delivery        69

5.3.1.3    Rise in demand from agrochemicals sector      69

5.3.1.3.1 Controlled release technique to enhance efficiency of agrochemicals       69

5.3.1.3.2 Controlled release application for convenience in use   69

5.3.1.3.3 Reduced application cost    70

5.3.1.3.4 Increase in environmental concerns  70

5.3.1.4    Increased consumer demand for functional products     70

5.3.1.5    Widespread applications of microencapsulation              71

5.3.1.5.1 Rise in demand to enhance product functionality           72

5.3.2        RESTRAINTS      73

5.3.2.1    High cost associated with microencapsulated process    73

5.3.2.2    Competition from low-cost alternatives            73

5.3.3        OPPORTUNITIES              74

5.3.3.1    Innovations in camel thorn extract production                74

5.3.3.2    Development of advanced technologies to tap niche markets                 74

5.3.3.2.1 Reduction in capsule size and increase in bioavailability                 75

5.3.3.2.2 Need for multi-component delivery systems   75

5.3.3.3    Technological advancements in sustainable microencapsulation                 76

5.3.4        CHALLENGES    77

5.3.4.1    Balancing performance and sustainability in microencapsulation coatings  77

5.3.4.2    Regulatory challenges hindering innovation and increasing costs                 77

5.3.4.3    Technical constraints associated with high costs             78

5.3.4.4    Selecting appropriate technology complicating efficiency and scalability in microencapsulation       79

5.4           IMPACT OF GEN AI ON MICROENCAPSULATION                 79

5.4.1        INTRODUCTION              79

5.4.2        USE OF GEN AI IN MICROENCAPSULATION         80

5.4.3        CASE STUDY ANALYSIS 81

5.4.3.1    Automated solutions for microencapsulation  81

5.4.3.2    Leveraging generative AI for enhanced automation in polymer microencapsulation image processing               81

5.4.4        IMPACT OF GEN AI ON MICROENCAPSULATION MARKET               82

5.4.5        ADJACENT ECOSYSTEM WORKING ON GEN AI   82

6               INDUSTRY TRENDS         83

6.1           INTRODUCTION              83

6.2           SUPPLY CHAIN ANALYSIS             83

6.3           VALUE CHAIN ANALYSIS               85

6.3.1        RESEARCH & DEVELOPMENT    85

6.3.2        RAW MATERIAL SOURCING         85

6.3.3        MANUFACTURING/PRODUCTION           86

6.3.4        QUALITY CONTROL & SAFETY  86

6.3.5        DISTRIBUTION 86

6.3.6        MARKETING AND SALES               86

6.3.7        END USER            87

6.4           TRADE ANALYSIS             87

6.4.1        EXPORT SCENARIO OF POLYMER RELATED TO MICROENCAPSULATION              87

6.4.2        IMPORT SCENARIO OF POLYMER RELATED TO MICROENCAPSULATION              88

6.4.3        EXPORT SCENARIO OF GUMS & RESINS RELATED TO MICROENCAPSULATION              90

6.4.4        IMPORT SCENARIO OF GUMS & RESINS RELATED TO MICROENCAPSULATION              91

6.4.5        EXPORT SCENARIO OF CELLULOSE AND ITS DERIVATIVES RELATED TO MICROENCAPSULATION     94

6.4.6        IMPORT SCENARIO OF CELLULOSE AND ITS DERIVATIVES RELATED TO MICROENCAPSULATION     95

6.5           TECHNOLOGY ANALYSIS             98

6.5.1        KEY TECHNOLOGIES     98

6.5.1.1    Nanotechnology    98

6.5.1.2    Self-healing microcapsules 98

6.5.2        COMPLEMENTARY TECHNOLOGIES       99

6.5.2.1    Spray drying          99

6.5.2.2    Biopolymer coating               99

6.5.2.3    Microplastic-free polymer technology for sustainable agriculture                 99

6.5.3        ADJACENT TECHNOLOGIES       100

6.5.3.1    Liposome encapsulation      100

6.5.3.2    Food encapsulation               100

6.6           PRICING ANALYSIS          101

6.6.1        INDICATIVE PRICING OF MICROENCAPSULATION AMONG KEY PLAYERS, BY MICROENCAPSULATION CORE MATERIAL           101

6.6.2        INDICATIVE PRICING, BY SHELL MATERIAL        103

6.6.3        INDICATIVE PRICING OF SHELL MATERIAL, BY REGION                 103

6.7           ECOSYSTEM/MARKET MAP         104

6.7.1        SUPPLY SIDE     104

6.7.2        DEMAND SIDE  105

6.8           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            107

6.9           PATENT ANALYSIS          108

6.9.1        LIST OF MAJOR PATENTS             109

6.10         KEY CONFERENCES AND EVENTS, 2025  112

6.11         TARIFF & REGULATORY LANDSCAPE     113

6.11.1      TARIFF RELATED TO MICROENCAPSULATION  113

6.11.2      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             115

6.12         REGULATORY FRAMEWORK       118

6.12.1      INTRODUCTION              118

6.12.2      CODEX ALIMENTARIUS COMMISSION (CAC)       119

6.12.3      JOINT EXPERT COMMITTEE FOOD AND AGRICULTURE (JECFA) 119

6.12.4      FDA        119

6.12.5      NORTH AMERICA             120

6.12.6      EUROPEAN COMMISSION            121

6.12.7      ASIA PACIFIC     121

6.12.8      SOUTH AMERICA             122

6.12.9      MIDDLE EAST   122

6.12.10   AFRICA 123

6.13         PORTER’S FIVE FORCES ANALYSIS           123

6.13.1      INTENSITY OF COMPETITIVE RIVALRY 124

6.13.2      BARGAINING POWER OF SUPPLIERS       124

6.13.3      BARGAINING POWER OF BUYERS             124

6.13.4      THREAT OF SUBSTITUTES          125

6.13.5      THREAT OF NEW ENTRANTS      125

6.14         KEY STAKEHOLDERS AND BUYING CRITERIA     125

6.14.1      KEY STAKEHOLDERS IN BUYING PROCESS           125

6.14.2      BUYING CRITERIA           126

6.15         CASE STUDY ANALYSIS 128

6.15.1      NASA’S INNOVATIVE APPROACH TO CORROSION PROTECTION USING MICROENCAPSULATION TECHNOLOGY                 128

6.15.2      MICROENCAPSULATION FOR EFFICIENT CONTROLLED DRUG DELIVERY              128

6.16         INVESTMENT AND FUNDING SCENARIO               129

7               MICROENCAPSULATION MARKET, BY CORE MATERIAL                 130

7.1           INTRODUCTION              131

7.2           ACTIVE INGREDIENTS  133

7.2.1        RISE IN DEMAND FOR MICROENCAPSULATION OF ACTIVE INGREDIENTS IN PERSONAL CARE AND FORTIFIED FOODS 133

7.3           FRAGRANCES    134

7.3.1        FRAGRANCES TO BE LEADING CORE MATERIALS IN MICROENCAPSULATION MARKET            134

7.4           FOOD & BEVERAGE INGREDIENTS          135

7.4.1        DEMAND FOR NUTRIENT-RICH, FLAVOR-STABILIZED PRODUCTS TO DRIVE CORE MATERIAL SEGMENT IN MICROENCAPSULATION              135

7.4.2        VITAMINS AND MINERALS           136

7.4.2.1    Microencapsulation enhances vitamin stability, bioavailability, and dosing efficiency in food products              136

7.4.3        ENZYMES             137

7.4.3.1    Microencapsulation of enzymes enhances stability, targeted release, and efficiency in various industrial applications                137

7.4.4        ADDITIVES         137

7.4.4.1    Acidulants, flavoring & coloring agents, and vitamins & minerals are largely encapsulated for food fortification  137

7.4.5        PREBIOTICS AND PROBIOTICS 138

7.4.5.1    Microencapsulation protects prebiotics and probiotics, enhancing stability and effectiveness in functional foods               138

7.4.6        ESSENTIAL OILS               138

7.4.6.1    Microencapsulation protects essential oils, enhancing controlled release and prolonged efficacy            138

7.4.7        OTHER FOOD & BEVERAGE INGREDIENTS          138

7.5           AGRICULTURAL INPUTS               140

7.5.1        ADVANCES IN EMULSION CHEMICAL PROCESSES ENHANCE PRECISE ENCAPSULATION FOR STABLE, CONTROLLED-RELEASE FORMULATIONS            140

7.6           PHASE CHANGE MATERIALS       141

7.6.1        TEXTILE AND CONSTRUCTION TO DRIVE PHASE CHANGE MATERIAL MARKET     141

7.7           OTHER CORE MATERIALS            142

8               MICROENCAPSULATION MARKET, BY CORE MATERIAL FORM    143

8.1           INTRODUCTION              144

8.2           SOLID   145

8.2.1        INCREASED DEMAND FOR MICROENCAPSULATION OF SOLID CORE MATERIALS ACROSS INDUSTRIES TO DRIVE GROWTH             145

8.3           LIQUID 145

8.3.1        USE OF MICROENCAPSULATION IN FOOD INDUSTRY TO DRIVE MARKET         145

8.4           GAS        146

8.4.1        GAS MICROENCAPSULATION ENHANCES STABILITY AND CONTROLLED RELEASE OF FRAGRANCES AND VOLATILE COMPOUNDS    146

9               MICROENCAPSULATION MARKET, BY SHELL MATERIAL                 147

9.1           INTRODUCTION              148

9.2           POLYMERS          152

9.2.1        POLYUREA & MELAMINE FORMALDEHYDE         152

9.2.1.1    Polyurea/Urethane to be most versatile shell materials 152

9.3           GUMS & RESINS 153

9.3.1        NATURAL GUMS               153

9.3.1.1    Demand for food inclusions to drive gums market          153

9.3.2        SYNTHETIC RESINS         154

9.3.2.1    Durability of synthetic resins and protective shells for controlled ingredient release to drive market     154

9.4           LIPIDS  154

9.4.1        PHOSPHOLIPIDS              154

9.4.1.1    Phospholipid’s bioavailability and stability in microencapsulation to drive growth      154

9.4.2        TRIGLYCERIDES               155

9.4.2.1    Use of triglycerides in food industry to drive growth      155

9.5           CARBOHYDRATES           155

9.5.1        CELLULOSE        156

9.5.1.1    Organic components preferred in major applications    156

9.6           PROTEINS           156

9.6.1        GELATIN              156

9.6.1.1    Gelatin-based microencapsulation effectively protects and delivers sensitive bioactive compounds across various industries 156

9.6.2        ALBUMIN             157

9.6.2.1    Microencapsulation with albumin enhances drug solubility and targeted delivery in pharmaceuticals 157

9.6.3        CASEIN 157

9.6.3.1    Casein enhances microencapsulation, improving stability and bioavailability of sensitive bioactive compounds in products        157

9.6.4        ZEIN      157

9.6.4.1    Zein enhances microencapsulation for targeted delivery in pharmaceuticals and food applications              157

10            MICROENCAPSULATION MARKET, BY TECHNOLOGY                 158

10.1         INTRODUCTION              159

10.2         SPRAY TECHNOLOGIES 162

10.2.1      SPRAY CHILLING              162

10.2.1.1  Growing demand for microencapsulated food additives to drive market demand     162

10.3         EMULSION TECHNOLOGIES       163

10.3.1      IN SITU POLYMERIZATION         164

10.3.1.1  Advancement of polymerization techniques in microencapsulated drugs, colors, and fragrance applications        164

10.3.2      COACERVATION               164

10.3.2.1  Demand for essential oils, flavors, and fragrances to drive market for coacervation technologies             164

10.3.3      SOL-GEL ENCAPSULATION         164

10.3.3.1  Sol-Gel’s microencapsulation ensures stable, effective, controlled-release skin treatment       164

10.4         DRIPPING TECHNOLOGIES         165

10.4.1      SPINNING DISK/ROTATIONAL SUSPENSION SEPARATION     166

10.4.1.1  Atomization, high production, and scalability to drive demand                 166

10.4.2      CENTRIFUGAL EXTRUSION         166

10.4.2.1  Growing demand for microencapsulated active ingredients in pharmaceutical industry to drive market          166

10.5         OTHER TECHNOLOGIES               167

11            MICROENCAPSULATION MARKET, BY FUNCTIONALITY                 169

11.1         INTRODUCTION              169

11.2         ENHANCED STABILITY 170

11.2.1      MICROENCAPSULATION ENHANCES STABILITY AND ENABLES CONTROLLED RELEASE OF COMPOUNDS        170

11.3         CONTROLLED RELEASE                170

11.3.1      CONTROLLED RELEASE ENSURES EFFECTIVE DELIVERY AND STABILITY OF ENCAPSULATED COMPOUNDS         170

11.4         TASTE MASKING              171

11.4.1      TASTE MASKING DRIVES MICROENCAPSULATION BY ENHANCING FLAVOR ACCEPTANCE AND COMPLIANCE                 171

11.5         EXTENDED SHELF LIFE 171

11.5.1      MICROENCAPSULATION EXTENDS SHELF LIFE BY PROTECTING SENSITIVE INGREDIENTS EFFECTIVELY  171

11.6         OTHER FUNCTIONALITIES         172

12            MICROENCAPSULATION MARKET, BY END-USE INDUSTRY           173

12.1         INTRODUCTION              174

12.2         PHARMACEUTICALS       176

12.2.1      INCREASING DEMAND FOR CONTROLLED DRUG DELIVERY SYSTEM TO DRIVE MARKET  176

12.3         HOUSEHOLD & PERSONAL CARE              180

12.3.1      DETERGENTS    180

12.3.1.1  Microencapsulation enhances detergents by controlling fragrance release for prolonged scent longevity               180

12.3.2      AIR FRESHENERS              181

12.3.2.1  Microencapsulation in air fresheners ensures prolonged fragrance release for enhanced user experience               181

12.3.3      SKIN CARE PRODUCTS  181

12.3.3.1  Microencapsulation enhances ingredient stability and controlled release, improving skincare product effectiveness           181

12.3.4      FRAGRANCES    181

12.3.4.1  Microencapsulation in fragrances enhances longevity for lasting scent       181

12.3.5      COSMETICS        182

12.3.5.1  Microencapsulation enhances ingredient stability for effective cosmetic formulations          182

12.3.6      HAIR CARE PRODUCTS 182

12.3.6.1  Microencapsulation enhances stability, delivery, and sensory experiences of active hair care ingredients       182

12.4         FOOD & BEVERAGES      183

12.4.1      DAIRY   185

12.4.1.1  Increasing demand for fortified dairy products to drive market                 185

12.4.2      BEVERAGES        186

12.4.2.1  Increasing demand for fortified beverage products to drive microencapsulation market 186

12.4.3      BAKERY AND CONFECTIONERY                186

12.4.3.1  Increased use of microencapsulation in baking dough to drive market    186

12.4.4      SNACKS AND READY-TO-EAT MEALS     186

12.4.4.1  Microencapsulation in food preservation to drive market                 186

12.4.5      MEAT AND POULTRY     187

12.4.5.1  Preservation of meat to drive microencapsulation market                 187

12.4.6      INFANT NUTRITION       187

12.4.6.1  Microencapsulation in infant nutrition for better absorption to drive market          187

12.4.7      OTHER FOOD & BEVERAGE SEGMENTS 187

12.5         AGRICULTURE  189

12.5.1      PESTICIDES, HERBICIDES, AND INSECTICIDES  190

12.5.1.1  Microencapsulation enhances pesticide efficacy, stability, and environmental sustainability               190

12.5.2      FERTILIZERS      190

12.5.2.1  Use of microencapsulation for increased stability and longer shelf life to drive market                190

12.5.3      PLANT GROWTH REGULATORS                 191

12.5.3.1  Use of microencapsulation to protect plant growth regulators from environmental factors to drive market     191

12.6         BUILDING & CONSTRUCTION   192

12.6.1      INSULATION MATERIALS             194

12.6.1.1  Microencapsulation enhances insulation with phase change materials for efficiency         194

12.6.2      COATINGS AND SEALANTS         194

12.6.2.1  Microencapsulation enhances coatings, improving energy efficiency and durability in construction           194

12.6.3      FIREPROOFING MATERIALS        194

12.6.3.1  Microencapsulation enhances fireproofing materials, improving safety and sustainability      194

12.7         TEXTILES             196

12.7.1      PERFUMES AND ESSENTIAL OILS              196

12.7.1.1  Microencapsulation enhances textiles with lasting fragrances and functional properties            196

12.7.2      ANTIMICROBIAL AGENTS            197

12.7.2.1  Antimicrobial textiles utilize microencapsulation for improved stability and release              197

12.7.3      THERAPEUTIC FABRICS                197

12.7.3.1  Rising consumer interest in health and wellness drives innovation in therapeutic textile applications      197

12.8         OTHER END-USE INDUSTRIES   198

12.8.1      ENERGY                199

12.8.1.1  Expanding use in energy storage solutions drives demand for microencapsulation technology          199

12.8.2      DEFENSE             199

12.8.2.1  Microencapsulation enhances defense materials by providing self-healing properties and chemical protection              199

12.8.3      PAPER AND PRINTING  200

12.8.3.1  Enhanced stability and functionality in inks and coatings to drive market    200

13            MICROENCAPSULATION MARKET, BY REGION  202

13.1         INTRODUCTION              203

13.2         NORTH AMERICA             205

13.2.1      US           209

13.2.1.1  Innovations and collaborations with R&D firms to drive market                 209

13.2.2      CANADA               213

13.2.2.1  Substantial growth in food, drugs, consumer goods, and energy industries to drive market   213

13.2.3      MEXICO                215

13.2.3.1  Food and agrochemical applications to grow at high rates in next five years                215

13.3         ASIA PACIFIC     217

13.3.1      CHINA  221

13.3.1.1  Growing demand for agrochemicals and dairy to drive market                 221

13.3.2      JAPAN   223

13.3.2.1  Growing functional food industry to drive market          223

13.3.3      INDIA    225

13.3.3.1  Strategic partnerships and innovations to propel market                 225

13.3.4      AUSTRALIA & NEW ZEALAND     227

13.3.4.1  Increase in demand for microencapsulation in personal and home care to drive growth              227

13.3.5      REST OF ASIA PACIFIC   229

13.4         EUROPE               230

13.4.1      GERMANY           234

13.4.1.1  Concentration of key players to fuel market    234

13.4.2      UK          236

13.4.2.1  Application of PCM and fragrances in textile industry to drive growth    236

13.4.3      FRANCE                238

13.4.3.1  Nutraceutical application to be fastest-growing market for microencapsulation              238

13.4.4      ITALY    240

13.4.4.1  Innovative solutions and sustainable technologies to drive market                 240

13.4.5      SPAIN    241

13.4.5.1  Rising demand for functional foods and innovations to drive market    241

13.4.6      REST OF EUROPE             243

13.5         SOUTH AMERICA             245

13.5.1      BRAZIL 248

13.5.1.1  Consistent economic growth and development stimulating demand for microencapsulation         248

13.5.2      ARGENTINA       251

13.5.2.1  Research and development in agricultural solution to stimulate demand  251

13.5.3      REST OF SOUTH AMERICA           253

13.6         REST OF THE WORLD (ROW)      255

13.6.1      MIDDLE EAST   258

13.6.1.1  Use of microencapsulation technology across food and pharma industries to drive market   258

13.6.2      AFRICA 259

13.6.2.1  Advancing microencapsulation solutions to drive Africa’s innovation and growth         259

14            COMPETITIVE LANDSCAPE         262

14.1         OVERVIEW          262

14.2         KEY PLAYER STRATEGIES/RIGHT TO WIN            263

14.3         REVENUE ANALYSIS, 2021–2023  264

14.4         MARKET SHARE ANALYSIS, 2023                 265

14.5         COMPANY VALUATION AND FINANCIAL METRICS                 267

14.5.1      COMPANY VALUATION 267

14.5.2      EV/EBITDA         268

14.6         BRAND COMPARISON ANALYSIS               269

14.6.1      BASF (GERMANY)             270

14.6.2      GIVAUDAN (SWITZERLAND)      270

14.6.3      INTERNATIONAL FLAVORS & FRAGRANCES INC. (US)                 270

14.6.4      SYMRISE (GERMANY)     270

14.6.5      KERRY GROUP PLC (IRELAND)  270

14.7         COMPANY EVALUATION MATRIX: RAW MATERIAL SUPPLIERS, 2023                271

14.7.1      STARS   271

14.7.2      EMERGING LEADERS     271

14.7.3      PERVASIVE PLAYERS      271

14.7.4      PARTICIPANTS 272

14.7.5      COMPANY FOOTPRINT: RAW MATERIAL SUPPLIERS, 2023        273

14.7.5.1  Company footprint               273

14.7.5.2  Region footprint   274

14.7.5.3  Shell material footprint        275

14.7.5.4  Technology footprint           276

14.7.5.5  End-use industry footprint 277

14.8         COMPANY EVALUATION MATRIX: END-PRODUCT MANUFACTURERS AND TECHNOLOGY PROVIDERS, 2023                 278

14.8.1      PROGRESSIVE COMPANIES         278

14.8.2      RESPONSIVE COMPANIES            278

14.8.3      DYNAMIC COMPANIES  278

14.8.4      STARTING BLOCKS         278

14.8.5      COMPETITIVE BENCHMARKING: END-PRODUCT MANUFACTURERS AND TECHNOLOGY PROVIDERS, 2023                 280

14.8.5.1  Detailed list of end-product manufacturers and technology providers                280

14.8.5.2  Competitive benchmarking of end product manufacturers and technology providers            281

14.9         COMPETITIVE SCENARIO             283

14.9.1      PRODUCT LAUNCHES   283

14.9.2      DEALS  286

14.9.3      EXPANSIONS     288

14.9.4      OTHERS                289

15            COMPANY PROFILES      291

15.1         RAW MATERIAL SUPPLIERS         291

15.1.1      BASF SE                 291

15.1.1.1  Business overview 291

15.1.1.2  Products/Solutions/Services offered 292

15.1.1.3  Recent developments           294

15.1.1.4  MnM view              294

15.1.1.4.1                Right to win           294

15.1.1.4.2                Strategic choices   294

15.1.1.4.3                Weaknesses and competitive threats 294

15.1.2      DSM-FIRMENICH              295

15.1.2.1  Business overview 295

15.1.2.2  Products/Solutions/Services offered 296

15.1.2.3  Recent developments           297

15.1.2.4  MnM view              298

15.1.2.4.1                Key strengths        298

15.1.2.4.2                Strategic choices   298

15.1.2.4.3                Weaknesses and competitive threats 298

15.1.3      INTERNATIONAL FLAVORS & FRAGRANCES INC.                 299

15.1.3.1  Business overview 299

15.1.3.2  Products/Solutions/Services offered 300

15.1.3.3  Recent developments           301

15.1.3.4  MnM view              302

15.1.3.4.1                Key strengths        302

15.1.3.4.2                Strategic choices   302

15.1.3.4.3                Weaknesses and competitive threats 302

15.1.4      GIVAUDAN         303

15.1.4.1  Business overview 303

15.1.4.2  Products/Solutions/Services offered 304

15.1.4.3  Recent developments           306

15.1.4.4  MnM view              307

15.1.4.4.1                Key strengths        307

15.1.4.4.2                Strategic choices   307

15.1.4.4.3                Weaknesses and competitive threats 308

15.1.5      CARGILL, INCORPORATED          309

15.1.5.1  Business overview 309

15.1.5.2  Products/Solutions/Services offered 310

15.1.5.3  Recent developments           312

15.1.5.4  MnM view              312

15.1.6      INGREDION       313

15.1.6.1  Business overview 313

15.1.6.2  Products/Solutions/Services offered 314

15.1.6.3  Recent developments           317

15.1.6.4  MnM view              318

15.1.7      SYMRISE               319

15.1.7.1  Business overview 319

15.1.7.2  Products/Solutions/Services offered 320

15.1.7.3  Recent developments           321

15.1.7.4  MnM view              321

15.1.8      DUPONT              322

15.1.8.1  Business overview 322

15.1.8.2  Products/Solutions/Services offered 323

15.1.8.3  Recent developments           325

15.1.8.4  MnM view              326

15.1.9      GLANBIA PLC    327

15.1.9.1  Business overview 327

15.1.9.2  Products/Solutions/Services offered 328

15.1.9.3  Recent developments           329

15.1.9.4  MnM view              329

15.1.10   LYCORED            330

15.1.10.1                 Business overview 330

15.1.10.2                 Products/Solutions/Services offered 330

15.1.10.3                 Recent developments           334

15.1.10.4                 MnM view              334

15.1.11   TASTETECH       335

15.1.11.1                 Business overview 335

15.1.11.2                 Products/Solutions/Services offered 335

15.1.11.3                 Recent developments           336

15.1.11.4                 MnM view              337

15.1.12   CLEXTRAL           338

15.1.12.1                 Business overview 338

15.1.12.2                 Products/Solutions/Services offered 338

15.1.12.3                 Recent developments           339

15.1.12.4                 MnM view              339

15.1.13   VITAE NATURALS            340

15.1.13.1                 Business overview 340

15.1.13.2                 Products/Solutions/Services offered 340

15.1.13.3                 Recent developments           341

15.1.13.4                 MnM view              341

15.1.14   VITABLEND        342

15.1.14.1                 Business overview 342

15.1.14.2                 Products/Solutions/Services offered 342

15.1.14.3                 Recent developments           342

15.1.14.4                 MnM view              343

15.2         END-PRODUCT MANUFACTURERS          344

15.2.1      FRIESLANDCAMPINA     344

15.2.1.1  Business overview 344

15.2.1.2  Products/Solutions/Services offered 345

15.2.1.3  Recent developments           346

15.2.1.4  MnM view              347

15.2.1.4.1                Key strengths        347

15.2.1.4.2                Strategic choices   347

15.2.1.4.3                Weaknesses and competitive threats 347

15.2.2      BALCHEM CORP.              348

15.2.2.1  Business overview 348

15.2.2.2  Products/Solutions/Services offered 349

15.2.2.3  Recent developments           351

15.2.2.4  MnM view              351

15.2.3      KOEHLER GROUP            352

15.2.3.1  Business overview 352

15.2.3.2  Products/Solutions/Services offered 352

15.2.3.3  Recent developments           353

15.2.3.4  MnM view              353

15.2.4      MAXX PERFORMANCE INC.          354

15.2.4.1  Business overview 354

15.2.4.2  Products/Solutions/Services offered 354

15.2.4.3  Recent developments           354

15.2.4.4  MnM view              355

15.3         TECHNOLOGY PROVIDERS         356

15.3.1      SENSIENT TECHNOLOGIES CORPORATION         356

15.3.1.1  Business overview 356

15.3.1.2  Products/Solutions/Services offered 357

15.3.1.3  Recent developments           358

15.3.1.4  MnM view              358

15.3.2      KERRY GROUP PLC          359

15.3.2.1  Business overview 359

15.3.2.2  Products/Solutions/Services offered 360

15.3.2.3  Recent developments           361

15.3.2.4  MnM view              361

15.3.3      SYNGENTA         362

15.3.3.1  Business overview 362

15.3.3.2  Products/Solutions/Services offered 363

15.3.3.3  Recent developments           364

15.3.3.4  MnM view              365

15.3.4      MILLIKEN & COMPANY 366

15.3.4.1  Business overview 366

15.3.4.2  Products/Solutions/Services offered 366

15.3.4.3  Recent developments           367

15.3.4.4  MnM view              367

15.3.5      MICROTEK LABORATORIES, INC.              368

15.3.5.1  Business overview 368

15.3.5.2  Products/Solutions/Services offered 368

15.3.5.3  Recent developments           369

15.3.5.4  MnM view              369

15.3.6      ADVANCED BIONUTRITION CORP           370

15.3.6.1  Business overview 370

15.3.6.2  Products/Solutions/Services offered 370

15.3.6.3  Recent developments           371

15.3.6.4  MnM view              371

15.3.7      SPHERA ENCAPSULATION.          372

15.3.7.1  Business overview 372

15.3.7.2  Products/Solutions/Services offered 372

15.3.7.3  Recent developments           373

15.3.7.4  MnM view              373

15.4         EQUIPMENT PROVIDERS              374

15.4.1      BUCHI  374

15.4.2      EMULTECH         375

15.4.3      NISCO ENGINEERING AG              376

15.4.4      SHANGHAI PROSUN INDUSTRIAL DEVELOPMENT CO., LTD        377

15.4.5      BRACE GMBH    378

15.4.6      GLATT GMBH    379

15.4.7      CALEVA PROCESS SOLUTIONS LTD.       380

15.4.8      ENCA SCIENTIFIC            381

15.4.9      ROMACO GROUP             382

15.4.10   ACMEFIL ENGINEERING SYSTEMS PVT. LTD.      383

15.4.11   GEA GROUP AKTIENGESELLSCHAFT      384

15.4.12   BÜHLER GROUP               385

16            ADJACENT AND RELATED MARKETS      387

16.1         INTRODUCTION              387

16.2         LIMITATIONS    387

16.3         FOOD ENCAPSULATION MARKET            387

16.3.1      MARKET DEFINITION   387

16.3.2      MARKET OVERVIEW       388

16.4         FOOD INCLUSIONS MARKET      389

16.4.1      MARKET DEFINITION   389

16.4.2      MARKET OVERVIEW       389

17            APPENDIX           391

17.1         DISCUSSION GUIDE        391

17.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                398

17.3         CUSTOMIZATION OPTIONS        400

17.4         RELATED REPORTS         400

17.5         AUTHOR DETAILS           401

LIST OF TABLES

TABLE 1                USD EXCHANGE RATES, 2020–2023            40

TABLE 2                MICROENCAPSULATION MARKET SNAPSHOT, 2024 VS. 2029       54

TABLE 3                MAJOR APPLICATIONS OF MICROENCAPSULATION IN VARIOUS INDUSTRIES          71

TABLE 4                MICROENCAPSULATION METHODS, CORES, AND SIZES OF CAPSULES              75

TABLE 5                MAXIMUM PERMISSIBLE RESIDUE LEVEL OF FORMALDEHYDE IN TEXTILES & OTHER PRODUCTS      78

TABLE 6                TOP 10 EXPORTERS OF HS CODE 3901, 2019–2023 (USD THOUSAND)           88

TABLE 7                TOP 10 EXPORTERS OF HS CODE 3901, 2019–2023 (TONS) 89

TABLE 8                TOP 10 IMPORTERS OF HS CODE 3901, 2019–2023 (USD THOUSAND)           89

TABLE 9                TOP 10 IMPORTERS OF HS CODE 3901, 2019–2023 (TONS) 90

TABLE 10              TOP 10 EXPORTERS OF HS CODE 1301, 2019–2023 (USD THOUSAND)           92

TABLE 11              TOP 10 EXPORTERS OF HS CODE 1301, 2019–2023 (TONS) 93

TABLE 12              TOP 10 IMPORTERS OF HS CODE 1301, 2019–2023 (USD THOUSAND)           93

TABLE 13              TOP 10 IMPORTERS OF HS CODE 1301, 2019–2023 (TONS) 94

TABLE 14              TOP 10 EXPORTERS OF HS CODE 3912S, 2019–2023 (USD THOUSAND) 96

TABLE 15              TOP 10 EXPORTERS OF HS CODE 3912, 2019–2023 (TONS) 96

TABLE 16              TOP 10 IMPORTERS OF HS CODE 3912, 2019–2023 (USD THOUSAND)           97

TABLE 17              TOP 10 IMPORTERS OF HS CODE 3912, 2019–2023 (TONS) 97

TABLE 18              INDICATIVE PRICING OF MICROENCAPSULATION AMONG KEY PLAYERS,

BY MICROENCAPSULATION CORE MATERIAL, 2023 (USD/KG)                 101

TABLE 19              INDICATIVE PRICING, BY SHELL MATERIAL, 2020–2023 (USD/KG)        103

TABLE 20              INDICATIVE PRICING OF SHELL MATERIAL, BY REGION, 2020–2023 (USD/KG)     104

TABLE 21              MICROENCAPSULATION MARKET: ECOSYSTEM                 106

TABLE 22              LIST OF MAJOR PATENTS PERTAINING TO MICROENCAPSULATION MARKET,

2021–2024              109

TABLE 23              MICROENCAPSULATION MARKET: DETAILED LIST OF CONFERENCES

AND EVENTS, 2025           112

TABLE 24              TARIFF FOR HS CODE: 3901 (USD/KG)    113

TABLE 25              TARIFF FOR HS CODE: 1301 (USD/KG)    114

TABLE 26              TARIFF FOR HS CODE: 3912 (USD/KG)    114

TABLE 27              NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             115

TABLE 28              EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 116

TABLE 29              ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 117

TABLE 30              SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             117

TABLE 31              IMPACT OF PORTER’S FIVE FORCES ON MICROENCAPSULATION MARKET            124

TABLE 32              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR SPECIES OF MICROENCAPSULATION        126

TABLE 33              KEY BUYING CRITERIA FOR TOP THREE TYPES OF MICROENCAPSULATION       127

TABLE 34              MICROENCAPSULATION PROCESS AND APPLICABLE CORE MATERIAL   131

TABLE 35              MICROENCAPSULATION MARKET, BY CORE MATERIAL, 2020–2023 (USD MILLION)    132

TABLE 36              MICROENCAPSULATION MARKET, BY CORE MATERIAL, 2024–2029 (USD MILLION)    132

TABLE 37              MICROENCAPSULATION MARKET, BY CORE MATERIAL, 2020–2023 (KT)           133

TABLE 38              MICROENCAPSULATION MARKET, BY CORE MATERIAL, 2024–2029 (KT)           133

TABLE 39              ACTIVE INGREDIENTS: MICROENCAPSULATION MARKET, BY REGION,

2020–2023 (USD MILLION)            134

TABLE 40              ACTIVE INGREDIENTS: MICROENCAPSULATION MARKET, BY REGION,

2024–2029 (USD MILLION)            134

TABLE 41              FRAGRANCES: MICROENCAPSULATION MARKET, BY REGION,

2020–2023 (USD MILLION)            135

TABLE 42              FRAGRANCES: MICROENCAPSULATION MARKET, BY REGION,

2024–2029 (USD MILLION)            135

TABLE 43              FOOD & BEVERAGE INGREDIENTS: MICROENCAPSULATION MARKET, BY REGION, 2020–2023 (USD MILLION)            136

TABLE 44              FOOD & BEVERAGE INGREDIENTS: MICROENCAPSULATION MARKET, BY REGION, 2024–2029 (USD MILLION)            136

TABLE 45              FOOD & BEVERAGE INGREDIENTS: MICROENCAPSULATION MARKET,

BY SUBTYPES, 2020–2023 (USD MILLION)               139

TABLE 46              FOOD & BEVERAGE INGREDIENTS: MICROENCAPSULATION MARKET,

BY SUBTYPES, 2024–2029 (USD MILLION)               139

TABLE 47              AGRICULTURAL INPUTS: MICROENCAPSULATION MARKET, BY REGION,

2020–2023 (USD MILLION)            140

TABLE 48              AGRICULTURAL INPUTS: MICROENCAPSULATION MARKET, BY REGION,

2024–2029 (USD MILLION)            140

TABLE 49              PHASE CHANGE MATERIALS: MICROENCAPSULATION MARKET, BY REGION,

2020–2023 (USD MILLION)            141

TABLE 50              PHASE CHANGE MATERIALS: MICROENCAPSULATION MARKET, BY REGION,

2024–2029 (USD MILLION)            141

TABLE 51              OTHER CORE MATERIALS: MICROENCAPSULATION MARKET, BY REGION,

2020–2023 (USD MILLION)            142

TABLE 52              OTHER CORE MATERIALS: MICROENCAPSULATION MARKET, BY REGION,

2024–2029 (USD MILLION)            142

TABLE 53              MICROENCAPSULATION MARKET, BY CORE MATERIAL FORM,

2020–2023 (USD MILLION)            144

TABLE 54              MICROENCAPSULATION MARKET, BY CORE MATERIAL FORM,

2024–2029 (USD MILLION)            145

TABLE 55              SHELL MATERIALS USED IN MICROENCAPSULATION              148

TABLE 56              MICROENCAPSULATION MARKET, BY CORE & SHELL MATERIAL,

2020–2023 (USD MILLION)            149

TABLE 57              MICROENCAPSULATION MARKET, BY CORE & SHELL MATERIAL,

2024–2029 (USD MILLION)            150

TABLE 58              MICROENCAPSULATION MARKET, BY CORE & SHELL MATERIAL, 2020–2023 (KT)             150

TABLE 59              MICROENCAPSULATION MARKET, BY CORE & SHELL MATERIAL, 2024–2029 (KT)             150

TABLE 60              MICROENCAPSULATION SHELL MATERIAL MARKET, BY SHELL MATERIAL,

2020–2023 (USD MILLION)            150

TABLE 61              MICROENCAPSULATION SHELL MATERIAL MARKET, BY SHELL MATERIAL,

2024–2029 (USD MILLION)            151

TABLE 62              MICROENCAPSULATION SHELL MATERIAL MARKET, BY SHELL MATERIAL,

2020–2023 (KT)   151

TABLE 63              MICROENCAPSULATION SHELL MATERIAL MARKET, BY SHELL MATERIAL,

2024–2029 (KT)   151

TABLE 64              BIODEGRADABLE AND NON-BIODEGRADABLE POLYMER SHELL MATERIALS IN MICROENCAPSULATION                 153

TABLE 65              TECHNOLOGIES FOR MICROENCAPSULATION                 160

TABLE 66              MICROENCAPSULATION TECHNIQUES WITH THEIR RELATIVE PARTICLE SIZE RANGES             161

TABLE 67              MICROENCAPSULATION MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)            161

TABLE 68              MICROENCAPSULATION MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)            162

TABLE 69              SPRAY TECHNOLOGIES: MICROENCAPSULATION MARKET, BY REGION,

2020–2023 (USD MILLION)            163

TABLE 70              SPRAY TECHNOLOGIES: MICROENCAPSULATION MARKET, BY REGION,

2024–2029 (USD MILLION)            163

TABLE 71              EMULSION TECHNOLOGIES: MICROENCAPSULATION MARKET, BY REGION,

2020–2023 (USD MILLION)            165

TABLE 72              EMULSION TECHNOLOGIES: MICROENCAPSULATION MARKET, BY REGION,

2024–2029 (USD MILLION)            165

TABLE 73              DRIPPING TECHNOLOGIES: MICROENCAPSULATION MARKET, BY REGION,

2020–2023 (USD MILLION)            166

TABLE 74              DRIPPING TECHNOLOGIES: MICROENCAPSULATION MARKET, BY REGION,

2024–2029 (USD MILLION)          167

TABLE 75              OTHER TECHNOLOGIES: MICROENCAPSULATION MARKET, BY REGION,

2020–2023 (USD MILLION)            167

TABLE 76              OTHER TECHNOLOGIES: MICROENCAPSULATION MARKET, BY REGION,

2024–2029 (USD MILLION)            168

TABLE 77              MICROENCAPSULATION METHODS AND APPLICATIONS 174

TABLE 78              MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2020–2023 (USD MILLION)            175

TABLE 79              MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2024–2029 (USD MILLION)            176

TABLE 80              MICROENCAPSULATED DRUGS AND BIOPHARMACEUTICS    176

TABLE 81              PHARMACEUTICAL & HEALTHCARE PRODUCTS: MICROENCAPSULATION MARKET, BY REGION, 2020–2023 (USD MILLION)            179

TABLE 82              PHARMACEUTICAL & HEALTHCARE PRODUCTS: MICROENCAPSULATION MARKET, BY REGION, 2024–2029 (USD MILLION)            179

TABLE 83              HOUSEHOLD & PERSONAL CARE PRODUCTS: MICROENCAPSULATION MARKET,

BY REGION, 2020–2023 (USD MILLION)   182

TABLE 84              HOUSEHOLD & PERSONAL CARE PRODUCTS: MICROENCAPSULATION MARKET,

BY REGION, 2024–2029 (USD MILLION)   183

TABLE 85              APPLICATIONS OF MICROENCAPSULATION OF PROBIOTIC BACTERIA  184

TABLE 86              METHODS FOR ENCAPSULATING FOOD INGREDIENTS   184

TABLE 87              FOOD & BEVERAGES: MICROENCAPSULATION MARKET, BY REGION,

2020–2023 (USD MILLION)            188

TABLE 88              FOOD & BEVERAGES: MICROENCAPSULATION MARKET, BY REGION,

2024–2029 (USD MILLION)            188

TABLE 89              AGRICULTURE: MICROENCAPSULATION MARKET, BY REGION,

2020–2023 (USD MILLION)            191

TABLE 90              AGRICULTURE: MICROENCAPSULATION MARKET, BY REGION,

2024–2029 (USD MILLION)            191

TABLE 91              APPLICATIONS OF MICROCAPSULES IN CONSTRUCTION MATERIALS     193

TABLE 92              BUILDING & CONSTRUCTION: MICROENCAPSULATION MARKET, BY REGION, 2020–2023 (USD MILLION)            195

TABLE 93              BUILDING & CONSTRUCTION: MICROENCAPSULATION MARKET, BY REGION, 2024–2029 (USD MILLION)            195

TABLE 94              TEXTILES: MICROENCAPSULATION MARKET, BY REGION,

2020–2023 (USD MILLION)            198

TABLE 95              TEXTILES: MICROENCAPSULATION MARKET, BY REGION,

2024–2029 (USD MILLION)            198

TABLE 96              OTHERS: MICROENCAPSULATION MARKET, BY REGION,

2020–2023 (USD MILLION)            200

TABLE 97              OTHERS: MICROENCAPSULATION MARKET, BY REGION,

2024–2029 (USD MILLION)            201

TABLE 98              MICROENCAPSULATION MARKET, BY REGION, 2020–2023 (USD MILLION)            204

TABLE 99              MICROENCAPSULATION MARKET, BY REGION, 2024–2029 (USD MILLION)            205

TABLE 100            NORTH AMERICA: MICROENCAPSULATION MARKET, BY COUNTRY,

2020–2023 (USD MILLION)            206

TABLE 101            NORTH AMERICA: MICROENCAPSULATION MARKET, BY COUNTRY,

2024–2029 (USD MILLION)            207

TABLE 102            NORTH AMERICA: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)                 207

TABLE 103            NORTH AMERICA: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)                 207

TABLE 104            NORTH AMERICA: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION)            208

TABLE 105            NORTH AMERICA: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION)            208

TABLE 106            NORTH AMERICA: MICROENCAPSULATION MARKET, BY CORE MATERIAL,

2020–2023 (USD MILLION)            208

TABLE 107            NORTH AMERICA: MICROENCAPSULATION MARKET, BY CORE MATERIAL,

2024–2029 (USD MILLION)            209

TABLE 108            MAXIMUM INTENDED USE LEVELS OF FREE AND MICROENCAPSULATED

FISH OIL PRODUCTS      210

TABLE 109            US: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2020–2023 (USD MILLION)            211

TABLE 110            US: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2024–2029 (USD MILLION)            212

TABLE 111            US: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION)            212

TABLE 112            US: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION)            212

TABLE 113            CANADA: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2020–2023 (USD MILLION)            213

TABLE 114            CANADA: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2024–2029 (USD MILLION)            214

TABLE 115            CANADA: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION)            214

TABLE 116            CANADA: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION)            214

TABLE 117            MEXICO: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2020–2023 (USD MILLION)            215

TABLE 118            MEXICO: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2024–2029 (USD MILLION)            216

TABLE 119            MEXICO: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION)            216

TABLE 120            MEXICO: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION)            216

TABLE 121            ASIA PACIFIC: MICROENCAPSULATION MARKET, BY COUNTRY,

2020–2023 (USD MILLION)            218

TABLE 122            ASIA PACIFIC: MICROENCAPSULATION MARKET, BY COUNTRY,

2024–2029 (USD MILLION)            219

TABLE 123            ASIA PACIFIC: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2020–2023 (USD MILLION)            219

TABLE 124            ASIA PACIFIC: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2024–2029 (USD MILLION)            219

TABLE 125            ASIA PACIFIC: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION)            220

TABLE 126            ASIA PACIFIC: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION)            220

TABLE 127            ASIA PACIFIC: MICROENCAPSULATION MARKET, BY CORE MATERIAL,

2020–2023 (USD MILLION)            220

TABLE 128            ASIA PACIFIC: MICROENCAPSULATION MARKET, BY CORE MATERIAL,

2024–2029 (USD MILLION)            221

TABLE 129            CHINA: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2020–2023 (USD MILLION)            222

TABLE 130            CHINA: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2024–2029 (USD MILLION)            222

TABLE 131            CHINA: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION)            222

TABLE 132            CHINA: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION)            223

TABLE 133            JAPAN: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2020–2023 (USD MILLION)            223

TABLE 134            JAPAN: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2024–2029 (USD MILLION)            224

TABLE 135            JAPAN: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION)            224

TABLE 136            JAPAN: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION)            224

TABLE 137            INDIA: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2020–2023 (USD MILLION)            225

TABLE 138            INDIA: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2024–2029 (USD MILLION)            226

TABLE 139            INDIA: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION)            226

TABLE 140            INDIA: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION)            226

TABLE 141            AUSTRALIA & NEW ZEALAND: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)            227

TABLE 142            AUSTRALIA & NEW ZEALAND: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)            228

TABLE 143            AUSTRALIA & NEW ZEALAND: MICROENCAPSULATION MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION) 228

TABLE 144            AUSTRALIA & NEW ZEALAND: MICROENCAPSULATION MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 228

TABLE 145            REST OF ASIA PACIFIC: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)                 229

TABLE 146            REST OF ASIA PACIFIC: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)                 229

TABLE 147            REST OF ASIA PACIFIC: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION)            230

TABLE 148            REST OF ASIA PACIFIC: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION)            230

TABLE 149            EUROPE: MICROENCAPSULATION MARKET, BY COUNTRY,

2020–2023 (USD MILLION)            231

TABLE 150            EUROPE: MICROENCAPSULATION MARKET, BY COUNTRY,

2024–2029 (USD MILLION)            231

TABLE 151            EUROPE: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2020–2023 (USD MILLION)            232

TABLE 152            EUROPE: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2024–2029 (USD MILLION)            232

TABLE 153            EUROPE: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION)            232

TABLE 154            EUROPE: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION)            233

TABLE 155            EUROPE: MICROENCAPSULATION MARKET, BY CORE MATERIAL,

2020–2023 (USD MILLION)            233

TABLE 156            EUROPE: MICROENCAPSULATION MARKET, BY CORE MATERIAL,

2024–2029 (USD MILLION)            233

TABLE 157            GERMANY: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2020–2023 (USD MILLION)            234

TABLE 158            GERMANY: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2024–2029 (USD MILLION)            235

TABLE 159            GERMANY: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION)            235

TABLE 160            GERMANY: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION)            235

TABLE 161            UK: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2020–2023 (USD MILLION)            236

TABLE 162            UK: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2024–2029 (USD MILLION)            237

TABLE 163            UK: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION)            237

TABLE 164            UK: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION)            237

TABLE 165            FRANCE: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2020–2023 (USD MILLION)            238

TABLE 166            FRANCE: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2024–2029 (USD MILLION)            239

TABLE 167            FRANCE: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION)            239

TABLE 168            FRANCE: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION)            239

TABLE 169            ITALY: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2020–2023 (USD MILLION)            240

TABLE 170            ITALY: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2024–2029 (USD MILLION)            240

TABLE 171            ITALY: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION)            241

TABLE 172            ITALY: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION)            241

TABLE 173            SPAIN: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2020–2023 (USD MILLION)            242

TABLE 174            SPAIN: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2024–2029 (USD MILLION)            242

TABLE 175            SPAIN: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION)            242

TABLE 176            SPAIN: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION)            243

TABLE 177            REST OF EUROPE: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)                 244

TABLE 178            REST OF EUROPE: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)                 244

TABLE 179            REST OF EUROPE: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION)            244

TABLE 180            REST OF EUROPE: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION)            245

TABLE 181            SOUTH AMERICA: MICROENCAPSULATION MARKET, BY COUNTRY,

2020–2023 (USD MILLION)            246

TABLE 182            SOUTH AMERICA: MICROENCAPSULATION MARKET, BY COUNTRY,

2024–2029 (USD MILLION)            246

TABLE 183            SOUTH AMERICA: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)                 246

TABLE 184            SOUTH AMERICA: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)                 247

TABLE 185            SOUTH AMERICA: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION)            247

TABLE 186            SOUTH AMERICA: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION)            247

TABLE 187            SOUTH AMERICA: MICROENCAPSULATION MARKET, BY CORE MATERIAL,

2020–2023 (USD MILLION)          248

TABLE 188            SOUTH AMERICA: MICROENCAPSULATION MARKET, BY CORE MATERIAL,

2024–2029 (USD MILLION)            248

TABLE 189            BRAZIL: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2020–2023 (USD MILLION)            249

TABLE 190            BRAZIL: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2024–2029 (USD MILLION)            250

TABLE 191            BRAZIL: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION)            250

TABLE 192            BRAZIL: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION)            250

TABLE 193            ARGENTINA: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2020–2023 (USD MILLION)            251

TABLE 194            ARGENTINA: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2024–2029 (USD MILLION)            252

TABLE 195            ARGENTINA: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION)            252

TABLE 196            ARGENTINA: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION)            252

TABLE 197            REST OF SOUTH AMERICA: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)            253

TABLE 198            REST OF SOUTH AMERICA: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)            254

TABLE 199            REST OF SOUTH AMERICA: MICROENCAPSULATION MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION) 254

TABLE 200            REST OF SOUTH AMERICA: MICROENCAPSULATION MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 254

TABLE 201            ROW: MICROENCAPSULATION MARKET, BY REGION, 2020–2023 (USD MILLION)          255

TABLE 202            ROW: MICROENCAPSULATION MARKET, BY REGION, 2024–2029 (USD MILLION)          255

TABLE 203            ROW: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2020–2023 (USD MILLION)            256

TABLE 204            ROW: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2024–2029 (USD MILLION)            256

TABLE 205            ROW: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION)            256

TABLE 206            ROW: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION)            257

TABLE 207            ROW: MICROENCAPSULATION MARKET, BY CORE MATERIAL,

2020–2023 (USD MILLION)            257

TABLE 208            ROW: MICROENCAPSULATION MARKET, BY CORE MATERIAL,

2024–2029 (USD MILLION)            257

TABLE 209            MIDDLE EAST: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2020–2023 (USD MILLION)            258

TABLE 210            MIDDLE EAST: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2024–2029 (USD MILLION)            258

TABLE 211            MIDDLE EAST: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION)            259

TABLE 212            MIDDLE EAST: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION)            259

TABLE 213            AFRICA: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2020–2023 (USD MILLION)            260

TABLE 214            AFRICA: MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2024–2029 (USD MILLION)            260

TABLE 215            AFRICA: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION)            260

TABLE 216            AFRICA: MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION)            261

TABLE 217            OVERVIEW OF STRATEGIES ADOPTED BY KEY MICROENCAPSULATION VENDORS         263

TABLE 218            MICROENCAPSULATION MARKET: DEGREE OF COMPETITION 266

TABLE 219            MICROENCAPSULATION MARKET: REGION FOOTPRINT       274

TABLE 220            MICROENCAPSULATION MARKET: SHELL MATERIAL FOOTPRINT 275

TABLE 221            MICROENCAPSULATION MARKET: TECHNOLOGY FOOTPRINT        276

TABLE 222            MICROENCAPSULATION MARKET: END-USE INDUSTRY FOOTPRINT 277

TABLE 223            MICROENCAPSULATION MARKET: DETAILED LIST OF END-PRODUCT MANUFACTURERS AND TECHNOLOGY PROVIDERS, 2023              280

TABLE 224            MICROENCAPSULATION MARKET: COMPETITIVE BENCHMARKING OF

END PRODUCT MANUFACTURERS AND TECHNOLOGY PROVIDERS (1/2)              281

TABLE 225            MICROENCAPSULATION MARKET: COMPETITIVE BENCHMARKING OF

END PRODUCT MANUFACTURER AND TECHNOLOGY PROVIDER(2/2) 282

TABLE 226            MICROENCAPSULATION MARKET: PRODUCT LAUNCHES,

MARCH 2021–JANUARY 2024         283

TABLE 227            MICROENCAPSULATION MARKET: DEALS, MARCH 2021–JANUARY 2024         286

TABLE 228            MICROENCAPSULATION MARKET: EXPANSIONS, MARCH 2021–JANUARY 2024            288

TABLE 229            MICROENCAPSULATION MARKET: OTHER DEALS/DEVELOPMENTS,

MARCH 2021–JANUARY 2025         289

TABLE 230            BASF SE: COMPANY OVERVIEW 291

TABLE 231            BASF SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED             292

TABLE 232            BASF SE: OTHER DEALS/DEVELOPMENTS                 294

TABLE 233            DSM-FIRMENICH: COMPANY OVERVIEW                 295

TABLE 234            DSM-FIRMENICH: PRODUCTS/SOLUTIONS/SERVICES OFFERED    296

TABLE 235            DSM-FIRMENICH: PRODUCT LAUNCHES                 297

TABLE 236            DSM-FIRMENICH: DEALS              298

TABLE 237            INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY OVERVIEW        299

TABLE 238            INTERNATIONAL FLAVORS & FRAGRANCES INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED         300

TABLE 239            INTERNATIONAL FLAVORS & FRAGRANCES INC.: PRODUCT LAUNCHES         301

TABLE 240            GIVAUDAN: COMPANY OVERVIEW          303

TABLE 241            GIVAUDAN: PRODUCTS/SOLUTIONS/SERVICES OFFERED             304

TABLE 242            GIVAUDAN: PRODUCT LAUNCHES          306

TABLE 243            GIVAUDAN: EXPANSIONS             307

TABLE 244            CARGILL, INCORPORATED: COMPANY OVERVIEW          309

TABLE 245            CARGILL, INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED    310

TABLE 246            CARGILL, INCORPORATED: DEALS          312

TABLE 247            INGREDION: COMPANY OVERVIEW        313

TABLE 248            INGREDION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    314

TABLE 249            INGREDION: DEALS        317

TABLE 250            INGREDION: EXPANSIONS           317

TABLE 251            SYMRISE: COMPANY OVERVIEW                319

TABLE 252            SYMRISE: PRODUCTS/SOLUTIONS/SERVICES OFFERED             320

TABLE 253            SYMRISE: DEALS               321

TABLE 254            SYMRISE: EXPANSIONS 321

TABLE 255            DUPONT: COMPANY OVERVIEW               322

TABLE 256            DUPONT: PRODUCTS/SOLUTIONS/SERVICES OFFERED             323

TABLE 257            DUPONT: PRODUCT LAUNCHES               325

TABLE 258            DUPONT: DEALS              326

TABLE 259            GLANBIA PLC: COMPANY OVERVIEW     327

TABLE 260            GLANBIA PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    328

TABLE 261            GLANBIA PLC: PRODUCT LAUNCHES     329

TABLE 262            LYCORED: COMPANY OVERVIEW             330

TABLE 263            LYCORED: PRODUCTS/SOLUTIONS/SERVICES OFFERED             330

TABLE 264            LYCORED: PRODUCT LAUNCHES             334

TABLE 265            TASTETECH: COMPANY OVERVIEW        335

TABLE 266            TASTETECH: PRODUCTS/SOLUTIONS/SERVICES OFFERED    335

TABLE 267            TASTETECH: PRODUCT LAUNCHES        336

TABLE 268            CLEXTRAL: COMPANY OVERVIEW           338

TABLE 269            CLEXTRAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED             338

TABLE 270            CLEXTRAL: OTHER DEALS/DEVELOPMENTS                 339

TABLE 271            VITAE NATURALS: COMPANY OVERVIEW                 340

TABLE 272            VITAE NATURALS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    340

TABLE 273            VITABLEND: COMPANY OVERVIEW         342

TABLE 274            VITABLEND: PRODUCTS/SOLUTIONS/SERVICES OFFERED    342

TABLE 275            FRIESLANDCAMPINA: COMPANY OVERVIEW                 344

TABLE 276            FRIESLANDCAMPINA: PRODUCTS/SOLUTIONS/SERVICES OFFERED    345

TABLE 277            FRIESLANDCAMPINA: PRODUCT LAUNCHES                 346

TABLE 278            BALCHEM CORP.: COMPANY OVERVIEW                 348

TABLE 279            BALCHEM CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    349

TABLE 280            BALCHEM CORP.: DEALS              351

TABLE 281            BALCHEM CORP.: OTHER DEALS/DEVELOPMENTS              351

TABLE 282            KOEHLER GROUP: COMPANY OVERVIEW                 352

TABLE 283            KOEHLER GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED    352

TABLE 284            KOEHLER GROUP: OTHER DEALS/DEVELOPMENTS              353

TABLE 285            MAXX PERFORMANCE INC.: COMPANY OVERVIEW          354

TABLE 286            MAXX PERFORMANCE INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    354

TABLE 287            SENSIENT TECHNOLOGIES CORPORATION: COMPANY OVERVIEW   356

TABLE 288            SENSIENT TECHNOLOGIES CORPORATION:

PRODUCTS/SOLUTIONS/SERVICES OFFERED    357

TABLE 289            KERRY GROUP PLC: COMPANY OVERVIEW                 359

TABLE 290            KERRY GROUP PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    360

TABLE 291            KERRY GROUP PLC: OTHER DEALS/DEVELOPMENTS              361

TABLE 292            SYNGENTA: COMPANY OVERVIEW          362

TABLE 293            SYNGENTA: PRODUCTS/SOLUTIONS/SERVICES OFFERED             363

TABLE 294            SYNGENTA: EXPANSIONS             364

TABLE 295            SYNGENTA: OTHER DEALS/DEVELOPMENTS                 364

TABLE 296            MILLIKEN & COMPANY: COMPANY OVERVIEW                 366

TABLE 297            MILLIKEN & COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED    366

TABLE 298            MILLIKEN & COMPANY: PRODUCT LAUNCHES                 367

TABLE 299            MILLIKEN & COMPANY: DEALS 367

TABLE 300            MICROTEK LABORATORIES, INC.: COMPANY OVERVIEW          368

TABLE 301            MICROTEK LABORATORIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    368

TABLE 302            ADVANCED BIONUTRITION CORP: COMPANY OVERVIEW          370

TABLE 303            ADVANCED BIONUTRITION CORP: PRODUCTS/SOLUTIONS/SERVICES OFFERED    370

TABLE 304            SPHERA ENCAPSULATION.: COMPANY OVERVIEW          372

TABLE 305            SPHERA ENCAPSULATION.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    372

TABLE 306            BUCHI: COMPANY OVERVIEW   374

TABLE 307            EMULTECH: COMPANY OVERVIEW         375

TABLE 308            NISCO ENGINEERING AG: COMPANY OVERVIEW                 376

TABLE 309            SHANGHAI PROSUN INDUSTRIAL DEVELOPMENT CO., LTD: COMPANY OVERVIEW             377

TABLE 310            BRACE GMBH: COMPANY OVERVIEW     378

TABLE 311            GLATT GMBH: COMPANY OVERVIEW    379

TABLE 312            CALEVA PROCESS SOLUTIONS LTD.: COMPANY OVERVIEW          380

TABLE 313            ENCA SCIENTIFIC: COMPANY OVERVIEW                 381

TABLE 314            ROMACO GROUP: COMPANY OVERVIEW                 382

TABLE 315            ACMEFIL ENGINEERING SYSTEMS PVT. LTD.: COMPANY OVERVIEW   383

TABLE 316            GEA GROUP AKTIENGESELLSCHAFT: COMPANY OVERVIEW          384

TABLE 317            BÜHLER GROUP: COMPANY OVERVIEW                 385

TABLE 318            ADJACENT MARKETS TO MICROENCAPSULATION MARKET            387

TABLE 319            FOOD ENCAPSULATION MARKET, BY REGION, 2018–2021 (USD MILLION)            388

TABLE 320            FOOD ENCAPSULATION MARKET, BY REGION, 2022–2027 (USD MILLION)            388

TABLE 321            FOOD INCLUSIONS MARKET, BY REGION, 2019–2021 (USD MILLION)       389

TABLE 322            FOOD INCLUSIONS MARKET, BY REGION, 2022–2027 (USD MILLION)       390

LIST OF FIGURES

FIGURE 1              MICROENCAPSULATION MARKET: RESEARCH DESIGN                43

FIGURE 2              BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE,

DESIGNATION, AND REGION     47

FIGURE 3              MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH              48

FIGURE 4              MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH                49

FIGURE 5              MARKET BREAKDOWN AND DATA TRIANGULATION             50

FIGURE 6              MICROENCAPSULATION MARKET, BY END-USE INDUSTRY,

2024 VS. 2029 (USD MILLION)      55

FIGURE 7              MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2024 VS. 2029 (USD MILLION)      56

FIGURE 8              MICROENCAPSULATION MARKET, BY CORE MATERIAL,

2024 VS. 2029 (USD MILLION)      56

FIGURE 9              MICROENCAPSULATION MARKET, BY SHELL MATERIAL,

2024 VS. 2029 (USD MILLION)      57

FIGURE 10            MICROENCAPSULATION MARKET SHARE, BY REGION, 2023     58

FIGURE 11            GROWING DEMAND FOR CONTROLLED-RELEASE TECHNOLOGIES ACROSS FOOD, PHARMACEUTICALS, AND AGRICULTURE TO DRIVE MARKET                59

FIGURE 12            US OCCUPIED MAJOR SHARE IN GLOBAL MARKET IN 2023                60

FIGURE 13            SPRAY TECHNOLOGIES SEGMENT ACCOUNTED FOR LARGEST SHARE IN 2023      60

FIGURE 14            ASIA PACIFIC TO GROW AT HIGHEST RATE FROM 2024 TO 2029 (USD MILLION)        61

FIGURE 15            PHARMACEUTICALS TO DOMINATE MARKET FROM 2024 TO 2029 (USD MILLION)        61

FIGURE 16            SPRAY TECHNOLOGY SEGMENT TO DOMINATE MARKET FROM

2024 TO 2029 (USD MILLION)      62

FIGURE 17            ACTIVE INGREDIENTS TO DOMINATE MARKET FROM 2024 TO 2029 (USD MILLION)        62

FIGURE 18            POLYMERS SEGMENT TO DOMINATE MARKET FROM

2024 TO 2029 (USD MILLION)      63

FIGURE 19            GROWTH IN GROSS DOMESTIC EXPENDITURE ON R&D, BETWEEN 2019–2020 AND 2020–2021      65

FIGURE 20            GDP GROWTH RATE IN ASIAN COUNTRIES, 2020–2023              66

FIGURE 21            MICROENCAPSULATION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES         66

FIGURE 22            CHRONIC DISEASES AMONG TOP 10 CAUSES OF DEATHS IN 2021                68

FIGURE 23            ADOPTION OF GEN AI IN MICROENCAPSULATION              80

FIGURE 24            MICROENCAPSULATION MARKET: SUPPLY CHAIN ANALYSIS              84

FIGURE 25            VALUE CHAIN ANALYSIS: MICROENCAPSULATION MARKET            85

FIGURE 26            EXPORT VALUE OF POLYMER RELATED TO MICROENCAPSULATION FOR

KEY COUNTRIES, 2019–2023 (USD THOUSAND)  87

FIGURE 27            IMPORT VALUE OF POLYMER RELATED TO MICROENCAPSULATION FOR

KEY COUNTRIES, 2019–2023 (USD THOUSAND)  88

FIGURE 28            EXPORT VALUE OF GUMS & RESINS RELATED TO MICROENCAPSULATION FOR

KEY COUNTRIES, 2019–2023 (USD THOUSAND)  91

FIGURE 29            IMPORT VALUE OF GUMS & RESINS RELATED TO MICROENCAPSULATION FOR

KEY COUNTRIES, 2019–2023 (USD THOUSAND)  92

FIGURE 30            EXPORT VALUE OF CELLULOSE AND ITS DERIVATIVES RELATED TO MICROENCAPSULATION FOR KEY COUNTRIES, 2019–2023 (USD THOUSAND)            94

FIGURE 31            IMPORT VALUE OF CELLULOSE AND ITS DERIVATIVES RELATED TO MICROENCAPSULATION FOR KEY COUNTRIES, 2019–2023 (USD THOUSAND)            95

FIGURE 32            KEY PLAYERS IN MICROENCAPSULATION ECOSYSTEM       105

FIGURE 33            TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS                107

FIGURE 34            NUMBER OF PATENTS GRANTED FOR MICROENCAPSULATION MARKET,

2013–2023              108

FIGURE 35            REGIONAL ANALYSIS OF PATENTS GRANTED FOR MICROENCAPSULATION MARKET, 2013–2023             109

FIGURE 36            PORTER’S FIVE FORCES ANALYSIS: MICROENCAPSULATION MARKET            123

FIGURE 37            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS              126

FIGURE 38            KEY BUYING CRITERIA FOR SPECIES       127

FIGURE 39            INVESTMENT AND FUNDING SCENARIO, 2020–2024 (USD MILLION)       129

FIGURE 40            MICROENCAPSULATION MARKET, BY CORE MATERIAL, 2024 VS. 2029 (USD MILLION)              132

FIGURE 41            MICROENCAPSULATION MARKET, BY CORE MATERIAL FORM,

2024 VS. 2029 (USD MILLION)      144

FIGURE 42            MICROENCAPSULATION MARKET, BY SHELL MATERIAL,

2024 VS. 2029 (USD MILLION)      149

FIGURE 43            MICROENCAPSULATION MARKET, BY TECHNOLOGY,

2024 VS. 2029 (USD MILLION)      160

FIGURE 44            MICROENCAPSULATION MARKET, BY FUNCTIONALITY, 2023   169

FIGURE 45            MICROENCAPSULATION MARKET, BY END-USE INDUSTRY, 2024 VS. 2029 (USD MILLION)              175

FIGURE 46            MARKET SHARE ANALYSIS, MICROENCAPSULATION MARKET, BY HOUSEHOLD & PERSONAL CARE PRODUCTS, 2023           180

FIGURE 47            MARKET SHARE ANALYSIS, MICROENCAPSULATION MARKET, BY FOOD & BEVERAGE, 2023                 185

FIGURE 48            MARKET SHARE ANALYSIS, MICROENCAPSULATION MARKET,

BY AGRICULTURE, 2023 189

FIGURE 49            MARKET SHARE ANALYSIS, MICROENCAPSULATION MARKET, BY BUILDING & CONSTRUCTION, 2023   193

FIGURE 50            MARKET SHARE ANALYSIS, MICROENCAPSULATION MARKET, BY TEXTILE, 2023       196

FIGURE 51            MARKET SHARE ANALYSIS, MICROENCAPSULATION MARKET,

BY OTHER END USER-INDUSTRY, 2023   198

FIGURE 52            INDIA TO BE FASTEST-GROWING MICROENCAPSULATION MARKET

FROM 2024 TO 2029          204

FIGURE 53            NORTH AMERICA: MICROENCAPSULATION MARKET SNAPSHOT       206

FIGURE 54            ASIA PACIFIC: MICROENCAPSULATION MARKET SNAPSHOT       218

FIGURE 55            REVENUE ANALYSIS FOR KEY COMPANIES IN LAST THREE YEARS, 2021–2023 (USD BILLION)   265

FIGURE 56            SHARE OF LEADING COMPANIES IN MICROENCAPSULATION MARKET, 2023 266

FIGURE 57            COMPANY VALUATION OF KEY MICROENCAPSULATION VENDORS         267

FIGURE 58            EV/EBITDA OF KEY COMPANIES               268

FIGURE 59            BRAND COMPARISON ANALYSIS, BY TYPE                 269

FIGURE 60            MICROENCAPSULATION MARKET: COMPANY EVALUATION MATRIX (RAW MATERIAL SUPPLIERS), 2023                 272

FIGURE 61            MICROENCAPSULATION MARKET: COMPANY FOOTPRINT       273

FIGURE 62            MICROENCAPSULATION MARKET: COMPANY EVALUATION MATRIX (END-PRODUCT MANUFACTURERS AND TECHNOLOGY PROVIDERS), 2023             279

FIGURE 63            BASF SE: COMPANY SNAPSHOT 292

FIGURE 64            DSM-FIRMENICH: COMPANY SNAPSHOT                 296

FIGURE 65            INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY SNAPSHOT        300

FIGURE 66            GIVAUDAN: COMPANY SNAPSHOT          304

FIGURE 67            CARGILL, INCORPORATED: COMPANY SNAPSHOT          309

FIGURE 68            INGREDION: COMPANY SNAPSHOT        314

FIGURE 69            SYMRISE: COMPANY SNAPSHOT                320

FIGURE 70            DUPONT.: COMPANY SNAPSHOT             323

FIGURE 71            GLANBIA PLC: COMPANY SNAPSHOT     328

FIGURE 72            FRIESLANDCAMPINA: COMPANY SNAPSHOT                 345

FIGURE 73            BALCHEM CORP.: COMPANY SNAPSHOT                 349

FIGURE 74            SENSIENT TECHNOLOGIES CORPORATION: COMPANY SNAPSHOT   357

FIGURE 75            KERRY GROUP PLC: COMPANY SNAPSHOT                 360

FIGURE 76            SYNGENTA: COMPANY SNAPSHOT          363