Stratistics MRC’s Global Microencapsulation Market value is expected to reach $15.31 billion growing at a CAGR of 6.7% during 2023-2030.
The complex process of microencapsulation involves creating organic or inorganic shells that hold and protect active substance particles from the environment. Many products need to have their active ingredients encapsulated for better stability. Microencapsulation is an essential commercial technology that enables the protection and controlled release of numerous active compounds. Additionally, microencapsulation enhances drug delivery and is used in a variety of cutting-edge medication organization techniques.
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Due to anticipated growth in demand from the food and beverage industry, the Asia Pacific region is anticipated to have the highest growth rate during the forecast period. The development of the Asia-Pacific healthcare industry has depended heavily on supportive government initiatives to promote FDI in the pharmaceutical sector in China and India. Technology advancements, emerging economies, and the region’s quick industrialization are additional factors responsible for the product growth in the Asia Pacific region.
Some of the key players profiled in the Microencapsulation Market include 3M, AVEKA Group, Balchem Corp., BASF SE, Bayer AG, Capsulae, Cargill Incorporated, DuPont de Nemours Inc., Encapsys LLC, Evonik Industries AG, GAT Microencapsulation GmbH, Givaudan SA, Inno Bio Limited, International Flavors & Fragrances Inc., Koehler Innovative Solutions, Koninklijke DSM N.V., LycoRed Ltd., Microtek Laboratories, Inc., Reed Pacific Pty Ltd., Ronald T. Dodge Co., Royal Friesland Campina N.V., Symrise AG, Syngenta AG, Syngenta Group and TasteTech Ltd.
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Key Developments:
In May 2023, 3M is expanding its ongoing commitment to materials science-based climate tech solutions by working with Svante Technologies, Inc. (Svante) to develop material that can trap carbon dioxide (CO2) found in the atmosphere and permanently remove it.
In August 2022, Balchem Corporation is excited to announce the acquisition of Cardinal Associates Inc., operating as “Bergstrom Nutrition,” a leading science-based manufacturer of methylsulfonylmethane (MSM), based in Vancouver, Washington.
In June 2022, Balchem Corporation announced that it completed its acquisition of Kappa Bioscience AS, a leading science-based manufacturer of specialty vitamin K2 for the human nutrition industry, headquartered in Oslo, Norway.
What our report offers:
– Market share assessments for the regional and country-level segments
– Strategic recommendations for the new entrants
– Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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