Microencapsulation Market Size

Microencapsulation Market Size

Microencapsulation Market size was over USD 7 billion in 2017 and is projected to expand at over 9% CAGR over the forecast timeframe. Rapidly transforming lifestyles towards healthier regime combined with changing eating habits of individuals are the primary reason to drive the industry growth by 2024.

Microencapsulation technology captures the vital dietary nutrients and supplements in edible enclosing additives, as it may directly affect the taste and color of the end product. Moreover, the procedure offers several benefits such as protection of core materials, controlled release of core and improved handling of ingredients. Increasing use of the technology in masking taste, odor and activity of encapsulated materials is anticipated to fuel the product demand in edible product sector. Surging awareness regarding the benefits of microencapsulated medicinal capsules and dietary supplements is propelling the microencapsulation market share.

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The prime reason for microencapsulating drug molecules is to ensure controlled drug distribution. This enables sustained and prolonged distribution of a drug in the body. Moreover, the process ensures certain organoleptic properties such as off-flavors and smell of medicines can be masked.

Necessity for detailed research in order to choose the suitable method and core materials for the procedure is the key restraining factor for microencapsulation market growth throughout forecast period. Significant new material development and other experiments must be carried out before choosing the encapsulating material and technology which is required to enclose the core material. This continuous research and development activities incur an excessive cost and eventually, it increases the overall microencapsulation market value.