SAN FRANCISCO, November 6, 2018
SAN FRANCISCO, November 6, 2018 /PRNewswire/ --
The global microencapsulation market size is expected to reach USD 19.34 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 13.6% during the forecast period. Rising demand for microencapsulated flavors, fragrances, probiotic bacteria, and immobilized cells or enzymes in the food & beverage industry is anticipated to trigger the growth of the market.
Population growth coupled with rising per capita income is likely to result in increase in demand for premium soaps & detergents, cosmetics, and personal care products. As a result, adoption of microencapsulation technology in the aforementioned industries, in order to preserve flavor/fragrance, is slated to escalate.
Potential applications of the technology in taste & odor masking, protection from weatherization, particle size reduction, sustained drug delivery, cell encapsulation, and advanced drug delivery systems is likely to augur well for the market.
Microencapsulation technique is increasingly utilized in the textile industry in which sensitive chemicals are used to provide a pronounced effect to the fabric. Spiraling demand for antimicrobial, insect repellant, photochromic, and thermochromic textiles along with cosmetotextiles across the globe is projected to stoke the growth of the market.
Browse full research report with TOC on "Microencapsulation Market Analysis Report By Technology, By Coating Material, By Application (Pharmaceutical, Home & Personal Care, Food & Beverages, Textile, Agrochemicals), And Segment Forecasts, 2018 - 2025" at: https://www.grandviewresearch.com/industry-analysis/microencapsulation-market
Further Key Findings From the Report Suggest:
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Grand View Research has segmented the global microencapsulation market on the basis of coating materials, technology, application, and region:
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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