South Africa Microencapsulation Market Size & Outlook
South Africa microencapsulation market, 2018-2030 (US$M)
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South Africa microencapsulation market highlights
- The South Africa microencapsulation market generated a revenue of USD 52.0 million in 2023 and is expected to reach USD 108.1 million by 2030.
- The South Africa market is expected to grow at a CAGR of 11% 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 52.0 million |
| Market revenue in 2030 | USD 108.1 million |
| Growth rate | 11% (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, South Africa accounted for 0.4% 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 Middle East & Africa, South Africa microencapsulation market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 108.1 million by 2030.
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Microencapsulation Market Scope
Microencapsulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa 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 66.92% in 2023. Horizon Databook has segmented the South Africa 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.
The pharmaceutical production in South Africa accounted for 67.1% of revenue share in microencapsulation and expected to drive the market over the forecast period. The country accounted for the largest market Middle East & Africa’s on account of high penetration in developing application industries over the forecast period.
A positive growth in the production of cosmetics and personal care products in South Africa is also expected to complement the demand for microencapsulation over the next seven years.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa microencapsulation market , including forecasts for subscribers. This country databook contains high-level insights into South Africa microencapsulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa microencapsulation market size, by application, 2018-2030 (US$M)
South Africa Microencapsulation Market Outlook Share, 2023 & 2030 (US$M)
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