Brazil Microencapsulation Market Size & Outlook, 2023-2030
Brazil microencapsulation market, 2018-2030 (US$M)
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Brazil microencapsulation market highlights
- The Brazil microencapsulation market generated a revenue of USD 389.2 million in 2023 and is expected to reach USD 832.3 million by 2030.
- The Brazil market is expected to grow at a CAGR of 11.5% from 2024 to 2030.
- In terms of segment, pharmaceutical & healthcare products was the largest revenue generating application in 2023.
- Home & Personal Care is the most lucrative application segment registering the fastest growth during the forecast period.
Microencapsulation market data book summary
| Market revenue in 2023 | USD 389.2 million |
| Market revenue in 2030 | USD 832.3 million |
| Growth rate | 11.5% (CAGR from 2023 to 2030) |
| Largest segment | Pharmaceutical & healthcare products |
| Fastest growing segment | Home & Personal Care |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pharmaceutical & Healthcare products, Home & Personal Care, Food & Beverages, Agrochemicals, Construction, Textile |
| Key market players worldwide | Basf SE, Evonik Industries AG, Bayer AG, Dow Inc, 3M Co, Balchem Corp, Encapsys, GAT Microencapsulation, Ronald T. Dodge, Innovent Biologics Inc, Natural Capsules, Reed Pacific Media, LycoRed, AVEKA, Microtek Laboratories, TasteTech |
Other key industry trends
- In terms of revenue, Brazil accounted for 3.0% of the global microencapsulation market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil microencapsulation market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 832.3 million by 2030.
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Microencapsulation Market Scope
Microencapsulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil microencapsulation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to microencapsulation market will help companies and investors design strategic landscapes.
Pharmaceutical & healthcare products was the largest segment with a revenue share of 66.52% in 2023. Horizon Databook has segmented the Brazil microencapsulation market based on pharmaceutical & healthcare products, home & personal care, food & beverages, agrochemicals, construction, textile covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil accounted for over 66% share in microencapsulation market in Rest of World owing to high penetration of the technique in application industries including pharmaceuticals, food & beverages, health care, home & personal care among several others.
The demand for nutritional supplements and health care products is highest in emerging economies such as Brazil on account of benefits associated with them such as diseasemanagement characteristics for conditions such as diabetes, cardiovascular, and Alzheimer's disease.
Microencapsulation is used to encapsulate active ingredients such as fatty acids, minerals, vitamins, and proteins in functional foods is expected to have major impact on driving the market growth over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil microencapsulation market , including forecasts for subscribers. This country databook contains high-level insights into Brazil microencapsulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil microencapsulation market size, by application, 2018-2030 (US$M)
Brazil Microencapsulation Market Outlook Share, 2023 & 2030 (US$M)
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