Microencapsulation Market 2017 - Global Forecast to 2022

The global market for microencapsulation has grown exponentially in the last few years. The market size is projected to reach USD 10.76 Billion by 2022, growing at a CAGR of around 11.4% from 2017 to 2022

Emerging markets such as India, China, Japan, Brazil, and Argentina are the primary targets of the industry. Factors such as the growing awareness and demand for fortified food products, increasing demand from the pharmaceutical industry for various applications, and the emergence of new technologies are the major factors driving this market. Moreover, achieving enhanced product functionality by microencapsulation helped to drive the microencapsulation industry.

The microencapsulation market was dominated by the North American region in 2016. The Asia Pacific region is projected to be the fastest-growing market during the forecast period since the demand from the food & beverages industry is expected to increase in the coming years. The other factors responsible for the growth of the Asia Pacific market are emerging economies, technological advancements, and growth of industrialization in the region.

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Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/research/bmdj75/microencapsulation

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