Mexico Microencapsulation Market Size & Outlook, 2023-2030
Mexico microencapsulation market, 2018-2030 (US$M)
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Mexico microencapsulation market highlights
- The Mexico microencapsulation market generated a revenue of USD 289.0 million in 2023 and is expected to reach USD 571.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 10.2% 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 289.0 million |
| Market revenue in 2030 | USD 571.5 million |
| Growth rate | 10.2% (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, Mexico accounted for 2.2% 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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Mexico 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 67.02% in 2023. Horizon Databook has segmented the Mexico 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.
Mexico accounted for the significantly smaller market share in North America microencapsulation market however, expected to grow from 2018 to 2025. The demand for Mexico primarily driven by increasing penetration of technique in food & beverage industry for encapsulation of minerals, vitamins, essential oils, flavors and fragrances along with several other nutritional supplements.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico microencapsulation market , including forecasts for subscribers. This country databook contains high-level insights into Mexico microencapsulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico microencapsulation market size, by application, 2018-2030 (US$M)
Mexico Microencapsulation Market Outlook Share, 2023 & 2030 (US$M)
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