The study involved two major approaches in estimating the current size of the microencapsulation market. Exhaustive secondary research was done to collect information on the market, peer, and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
This research study involved the extensive use of secondary sources—directories and databases such as Bloomberg Businessweek and Factiva—to identify and collect information useful for a technical, market-oriented, and commercial study of the market.
In the secondary research process, various sources such as annual reports, press releases & investor presentations of companies, white papers, food journals, certified publications, articles from recognized authors, directories, and databases were referred to identify and collect information.
Secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, and market classification and segmentation as per the industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives.
Primary Research
Extensive primary research was conducted after obtaining information regarding the microencapsulation market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, South America, and the Rest of the World. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors from business development, marketing, research, and development teams, and related key executives from distributors and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to core material, core material form, shell material type, technology, end-user industry, functionality, and region. Stakeholders from the demand side, such as food and beverage manufacturers, pharmaceutical companies, nutraceutical companies, the agriculture sector, and cosmetic and personal care brands, were interviewed to understand the buyer’s perspective on the suppliers, products, and their current usage of feeding systems and the outlook of their business, which will affect the overall market.
Note: The three tiers of the companies are defined based on their total revenues in 2022 or 2023, as per the availability of financial data: Tier 1: Revenue > USD 1 billion; Tier 2: USD 100 million = Revenue = USD 1 billion; Tier 3: Revenue < USD 100 million.
To know about the assumptions considered for the study, download the pdf brochure
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COMPANY NAME
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DESIGNATION
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BASF (Germany)
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Product Development Manager
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FrieslandCampina (Netherlands)
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Senior R&D Scientist
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dsm-firmenich (Switzerland)
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Global Marketing Director
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GIVAUDAN (Switzerland)
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Head of Microencapsulation Technology
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International Flavors & Fragrances Inc. (US)
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Senior Research Scientist
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Sensient Technologies Corporation (US)
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Business Development Manager
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Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the microencapsulation market. These approaches were also used extensively to determine the size of various subsegments in the market. The research methodology used to estimate the market size includes the following details:
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The key players in the industry and the overall markets were identified through extensive secondary research.
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All shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
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All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain final quantitative and qualitative data.
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The research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from leaders, such as CEOs, directors, and marketing executives.
Microencapsulation Market : Top-Down and Bottom-Up Approach
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to estimate the overall microencapsulation market and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. The market size was also validated using both the top-down and bottom-up approaches.
Market Definition
Microencapsulation is the process of surrounding tiny particles or droplets with a coating to create microcapsules. These microcapsules can encapsulate various materials, including food ingredients, enzymes, cells, and pharmaceuticals. The encapsulated material is referred to as the core or internal phase, while the coating is known as the shell or membrane.
According to the article “A Review On Microspheres,” published by R. B. Saudagar and Kanchan T. Mandlik in the International Journal of Pharma and Bio Sciences, “Microencapsulation is a process in which tiny particles or droplets are surrounded by a coating to give small capsules. In a relatively simplistic form, a microcapsule is a small sphere with a uniform wall around it. The material inside the microcapsule is referred to as the core, internal phase, or fill, whereas the wall is sometimes called a shell, coating, or membrane. Most microcapsules have diameters between a few micrometers and a few millimeters.”
Stakeholders
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Food and Beverage Manufacturers
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Fortified food producers
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Functional beverage companies
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Dietary supplement manufacturers
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Pharmaceutical Companies
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Generic drug manufacturers
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Specialty pharmaceutical firms
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Cosmetic and Personal Care Brands
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Skincare and hair care product manufacturers
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Cosmetic companies
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Nutraceutical Companies
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Health supplement brands
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Functional food producers
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Agricultural Sector
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Fertilizer and pesticide manufacturers
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Seed treatment companies
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Regulatory bodies and institutions:
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U.S. Food and Drug Administration (FDA)
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European Food Safety Authority (EFSA)
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Health Canada
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Food Safety and Standards Authority of India (FSSAI)
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World Health Organization (WHO)
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Codex Alimentarius Commission
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European Medicines Agency (EMA)
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National Institutes of Health (NIH)
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Institute of Food Technologists (IFT)
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American Chemical Society (ACS)
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Distributors and Wholesalers
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Ingredient and equipment distributors
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Research and Development Institutions
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Academic research organizations
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Private research labs
Report Objectives
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To determine and project the size of the microencapsulation market with respect to the core material, core material form, shell material, end-use industry, technology, functionality, and regions in terms of value over five years, ranging from 2024 to 2029.
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To identify the attractive opportunities in the market by determining the largest and fastest-growing segments across regions
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To provide detailed information about the key factors influencing market growth (drivers, restraints, opportunities, and challenges)
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To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders.
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To analyze the micro-markets with respect to individual growth trends, prospects, and their contribution to the total market.
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To identify and profile the key players in the microencapsulation market.
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To understand the competitive landscape and identify the major growth strategies adopted by players across the key regions.
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.
The following customization options are available for the report:
Product Analysis
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Product Matrix, which gives a detailed comparison of the product portfolio of each company.
Geographic Analysis
With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.
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Further breakdown of the Rest of Europe microencapsulation market into key countries.
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Further breakdown of the Rest of Asia Pacific microencapsulation market into key countries.
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Further breakdown of the Rest of South America microencapsulation market into key countries.
Company Information
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Detailed analyses and profiling of additional market players (up to five)
HIGHEST CAGR (2024–2029)
INDIA FASTEST-GROWING MARKET IN THE REGION
Growth opportunities and latent adjacency in Microencapsulation Market