Canada Microencapsulation Market Size & Outlook, 2023-2030
Canada microencapsulation market, 2018-2030 (US$M)
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Canada microencapsulation market highlights
- The Canada microencapsulation market generated a revenue of USD 545.6 million in 2023 and is expected to reach USD 1,048.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 9.8% 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 545.6 million |
| Market revenue in 2030 | USD 1,048.5 million |
| Growth rate | 9.8% (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, Canada accounted for 4.2% 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 North America, U.S. microencapsulation market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 571.5 million by 2030.
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Microencapsulation Market Scope
Microencapsulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 64.24% in 2023. Horizon Databook has segmented the Canada 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.
Canada is the major market for microencapsulation in North America accounting and expected to grow from 2018 to 2025. The demand for microencapsulation is rising owing to the growing demand for novel drug delivery systems, functional foods and home & personal care products over the forecast period.
In addition, the availability of several technologies for efficient encapsulation of active ingredients for application in construction materials, adhesives, paints & coatings as well as cosmetotextile is expected to drive demand over the seven eight years.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada microencapsulation market , including forecasts for subscribers. This country databook contains high-level insights into Canada microencapsulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada microencapsulation market size, by application, 2018-2030 (US$M)
Canada Microencapsulation Market Outlook Share, 2023 & 2030 (US$M)
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