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Microencapsulation Market future trend and growth opportunities by 2024

Author : Rahul Varpe | Published Date : 2019-06-27 

Global Microencapsulation Market Report provides complete industry analysis, market outlook, size, growth, opportunities and forecast 2024. This report will assist in analyzing the current and future business trends, sales and revenue forecast. It provides top manufacturers information along with Manufacturing Cost Analysis, Industrial Chain, Sourcing Strategy and growth.

The recent Frutarom-AB-Biotics agreement has sent out waves of anticipation in microencapsulation market, given that the deal has been signed by Frutarom to acquire AB Biotics’ iron deficiency ingredient unit, AB-Fortis. Apparently, the Israel-based flavor company plans to encompass AB-Fortis into its established framework of specialty fine ingredients, and tap into its microencapsulation technology to increase the absorbability of iron in tissues, and enable a reduced iron dosage in ingredient extracts, without any side effects or any compromise on the taste factor.

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With the acquisition of AB-Fortis, Frutarom has successfully crossed a double benchmark – that of having firmly established its space in microencapsulation industry, while simultaneously having made its tenth acquisition of 2017 so far, the last one being, 210-million-dollar takeover of the Israel ingredients company, Enzymotec. Furthermore, it is prudent to mention that AB-Fortis’ inclusion within Frutarom’s umbrella may prove to be highly beneficial for the ex-iron-deficiency-ingredient unit of the Spanish biotech company AB-Biotics. Considering the prominence of Frutarom in the growing specialty health ingredients market, it is expected that the company will exploit the full potential of AB-Fortis to mark a precedence in the microencapsulation market as well.

Microencapsulation technology finds extensive applications across a plethora of end-use domains, though the pharmaceutical sphere, by far, remains one of the most lucrative sectors, driven by the deployment of this technology for improving the process and effectiveness of drug delivery and camouflage the bitter taste of medicines. Also, this sector has achieved commendable prominence in the developed regions of the globe, thereby providing an impetus to the overall microencapsulation market size.

As per statistics, the pharma sector in North America is in exceedingly good shape, driven by the contribution of the United States, which is touted to be the most important pharmaceutical market is the world. In conjunction with Mexico and Canada in fact, it represents one of the biggest continental pharmaceutical business globally, which is evidence enough to claim that North America is one of most remunerative grounds for microencapsulation industry. Given the robust expansion of the pharma industry this sector in the U.S., it has been forecast that U.S. microencapsulation market share is likely to accumulate substantial revenue in the ensuing years.

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A microencapsulation industry research report compiled by Global Market Insights, Inc., claims that the Asia Pacific is likely to account for more than USD 2 billion of the overall microencapsulation market revenue share by 2024. Quite overtly, this can be credited to the growing awareness with regards to the health & well-being among individuals in tandem with the rise in purchasing power and shifting dietary preferences.

The process of encapsulation is also used for sensitive compounds such as polyunsaturated fatty acids and liposoluble vitamins. Microencapsulation industry also boasts of applications such as encapsulating B vitamins for flavor masking chewable tablets, powdered sports beverages, and nutrients for sports nutrition bars. In essence, the escalating requirement of food additives is touted to drive the overall microencapsulation industry in the years ahead.

Driven by the extensive developments prevalent across the end-use sectors such as pharma, food additives, agrochemicals, and the like, microencapsulation industry share is likely to amass considerable popularity in the years ahead. A report by Global Market Insights, Inc., claims that microencapsulation market size is likely to have a target revenue estimation of more than USD 14 billion by 2024. It is prudent to mention that companies partaking in this business share have been spending excessively on R&D activities, to bring about certain essential changes in the product deployment and commercialization, that is certain to further impel microencapsulation industry size in the forthcoming years.

Read more - https://markettalknews.com/microencapsulation-market/

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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