North America Microencapsulation Market Size & Outlook
North America microencapsulation market, 2018-2030 (US$M)
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North America microencapsulation market highlights
- The North America microencapsulation market generated a revenue of USD 4,775.3 million in 2023.
- The market is expected to grow at a CAGR of 9.5% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 4,775.3 million |
| Market revenue in 2030 | USD 9,000.0 million |
| Growth rate | 9.5% (CAGR from 2023 to 2030) |
| Largest segment | Pharmaceutical & healthcare products |
| Fastest growing segment | Home & Personal Care |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, North America region accounted for 36.6% of the global microencapsulation market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 7,857.1 million by 2030.
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Microencapsulation Market Scope
Microencapsulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America 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 64.5% in 2023. Horizon Databook has segmented the North America 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.
North America is dominating the microencapsulation market with high demand in home & personal care and food & beverage industry. The region is the largest producer of pharmaceutical products with the presence of major players including Johnson & Johnson, Pfizer and Merck &Co. and is involved into development of novel drug delivery systems which has major impact on driving the demand for microencapsulation.
The U.S. dominated the market and accounted for around 82% of the revenue share in 2017. The demand for the technique in the country is driven by its increasing use in food & beverage industry for flavors, fragrances, colorants, and manufacturing of functional foods.
The major players are actively involved in research & development to develop new coating materials in compliance with the North American regulations which is likely to complement the demand for microencapsulation over the next seven years.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America microencapsulation market , including forecasts for subscribers. This continent databook contains high-level insights into North America microencapsulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America microencapsulation market size, by country, 2018-2030 (US$M)
North America Microencapsulation Market Outlook Share, 2023 & 2030 (US$M)
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