North America Encapsulation Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Coating Material (Polymers, Gums and Resins, Lipids, Carbohydrates, and Proteins), Technology (Spray Technology, Emulsion Technology, Dripping Technology, and Others), and Application (Pharmaceuticals and Nutraceutical, Food and Beverages, Personal Care Products, Agrochemicals, and Others)
Market Introduction
North America comprises major economies such as the US, Canada, and Mexico. The growth of the encapsulation market in North America is driven by the increasing use of encapsulated products for various applications such as food and beverages, pharmaceuticals and nutraceutical, and personal care products. There is a high demand for dietary supplements among the population. Major constituents of dietary supplements, such as vitamins and enzymes, require targeted delivery. The sales of dietary supplements are increasing in the US. In addition, the COVID-19 pandemic has led to the increase in the sales of dietary supplements and nutraceuticals in North America. The increase in sales is propelled by the intense interest in supplements to improve immune function. These trends offer opportunities for the encapsulated product manufacturers. In North America, the high disposable income fuels the demand for personal care products. Consumers are increasingly looking for high-quality personal care products to improve everyday living. Furthermore, rising demand for functional and fortified food and pharmaceutical products would present the market with further potential prospects. Encapsys, LLC and Balchem Inc., etc. are among the players operating in the North America encapsulation market. The players are providing enhanced encapsulation solutions to meet the rising demand for shelf-stability of products. In 2020, the ingredients manufacturer, Lycored doubled its production of lycopene at the firm’s facility in the US. The company has increased production to meet the unprecedented demand for skincare ingredients. Owing to such factors, the encapsulation market in North America is expected to grow during the forecast period.
The ongoing COVID-19 pandemic has drastically changed the status of the chemicals & industrial industry and has hampered the growth of the North America encapsulation market. The implementation of measures to combat the spread of the virus aggravated the situation and negatively influenced the development of several industries. For instance, industries such as building & construction and oil & gas have been impacted by the distortion in operational efficiencies and disruptions in the value chains due to the sudden closure of national and international boundaries. Moreover, the pandemic disrupted product orders and deliveries, along with the cancellations and backlogs of orders. The significant decline in the growth of several industries such as construction and textiles reduced the demand for encapsulation in the North American market. The considerable disruptions in sourcing raw materials from suppliers and the temporary closures of the manufacturing bases due to indefinite lockdowns and temporary quarantines have negatively impacted the growth of the North America encapsulation market during the pandemic. However, post-pandemic, North America is planning to revive its operations. Hence, the demand for encapsulation is expected to rise in the coming months.
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Market Overview and Dynamics
The encapsulation market in North America is expected to grow from US$ 12,193.64 million in 2021 to US$ 24,037.56 million by 2028; it is estimated to grow at a CAGR of 10.2% from 2021 to 2028. Development of advanced technologies; numerous companies operating in the encapsulation market have made substantial investments in advanced technologies to promote the development of microencapsulation and nanoencapsulation. Modern technologies are being developed to tap niche markets. For instance, pharmaceutical companies are developing medicines for brain tumors that work through specifically operated drug delivery systems. Further, companies operating in the encapsulation market are focused on the development of new products which can display product properties, including different phase temperature change options and improvement in latent heat storage capacity. In addition, there is a growing demand for encapsulated products from the energy sector, primarily for products that can endure high-temperature ranges. Such factors are expected to provide significant growth opportunities for the market players in North America encapsulation market during the forecast period. This is bolstering the growth of the encapsulation market.
Key Market Segments
Based on coating material, the North America encapsulation market is segmented into polymers, gums and resins, lipids, carbohydrates, and lipids. In 2020, the carbohydrates segment held the largest share North America encapsulation market. Based on technology, the North America encapsulation market is segmented into spray technology, emulsion technology, dripping technology and others. In 2020, the spray technology segment held the largest share North America encapsulation market. Based on by application, the North America encapsulation market is segmented into pharmaceuticals and nutraceutical, food and beverages, personal care products, agrochemicals, and other. In 2020, the pharmaceutical and nutraceutical segment held the largest share North America encapsulation market.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the encapsulation market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Balchem Inc.; BASF SE; DSM; Encapsys, LLC; FrieslandCampina; Givaudan; Legris Industries Group; Lycored; Microtek Laboratories, Inc; and TasteTech among others.
Reasons to buy report
- To understand the North America encapsulation market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America encapsulation market
- Efficiently plan M&A and partnership deals in North America encapsulation market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America Encapsulation Market
- Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
NORTH AMERICA ENCAPSULATION MARKET SEGMENTATION
- Polymers
- Gums and Resins
- Lipids
- Carbohydrates
- Proteins
- Spray Technology
- Emulsion Technology
- Dripping Technology
- Others
- Pharmaceuticals and Nutraceutical
- Food and Beverages
- Personal Care Products
- Agrochemicals
- Others
- US
- Canada
- Mexico
- Balchem Inc.
- BASF SE
- DSM
- Encapsys, LLC
- FrieslandCampina
- Givaudan
- Legris Industries Group
- Lycored
- Microtek Laboratories, Inc
- TasteTech
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Encapsulation Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.3 Expert Opinion
4.4 Ecosystem Analysis
4.4.1 Raw Material
4.4.2 Manufacturing/Processing
4.4.3 Distributors
4.4.4 End Users
5. North America Encapsulation Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Demand for Encapsulated Flavors and Colors from Convenience Food Sector
5.1.2 Rising Demand for Encapsulated Pharmaceuticals
5.2 Market Restraints
5.2.1 Increased Cost of Production and Low Profit Margins
5.3 Market Opportunities
5.3.1 Development of Advanced Technologies
5.4 Future Trends
5.4.1 Increasing Demand for Functional Products
5.5 Impact Analysis of Drivers and Restraints
6. Encapsulation – North America Market Analysis
6.1 North America Encapsulation Market Overview
6.2 North America Encapsulation Market –Revenue and Forecast to 2028 (US$ Million)
7. North America Encapsulation Market Analysis – By Coating Material
7.1 Overview
7.2 North America Encapsulation Market, By Coating Material (2020 and 2028)
7.3 Polymers
7.3.1 Overview
7.3.2 Polymers: North America Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
7.4 Gums and Resins
7.4.1 Overview
7.4.2 Gums and Resins: North America Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
7.5 Lipids
7.5.1 Overview
7.5.2 Lipids: North America Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
7.6 Carbohydrates
7.6.1 Overview
7.6.2 Carbohydrates: North America Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
7.7 Proteins
7.7.1 Overview
7.7.2 Proteins: North America Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
8. North America Encapsulation Market Analysis – By Technology
8.1 Overview
8.2 North America Encapsulation Market, By Technology (2020 and 2028)
8.3 Spray Technology
8.3.1 Overview
8.3.2 Spray Technology: North America Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
8.4 Emulsion Technology
8.4.1 Overview
8.4.2 Emulsion Technology: North America Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
8.5 Dripping Technology
8.5.1 Overview
8.5.2 Dripping Technology: North America Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Others: North America Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
9. North America Encapsulation Market Analysis – By Application
9.1 Overview
9.2 North America Encapsulation Market, By Application (2020 and 2028)
9.3 Pharmaceuticals and Nutraceutical
9.3.1 Overview
9.3.2 Pharmaceuticals and Nutraceutical: North America Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
9.4 Food and Beverages
9.4.1 Overview
9.4.2 Food and Beverages: North America Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
9.5 Personal Care Products
9.5.1 Overview
9.5.2 Personal Care Products: North America Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
9.6 Agrochemicals
9.6.1 Overview
9.6.2 Agrochemicals: North America Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
9.7 Others
9.7.1 Overview
9.7.2 Others: North America Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Source: The Insight Partners Analysis
10. North America Encapsulation Market – Country Analysis
10.1 North America Encapsulation Market
10.1.1 North America: Encapsulation Market, by Key Country
10.1.1.1 US: Encapsulation Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 US: Encapsulation Market, by Coating Material
10.1.1.1.2 US: Encapsulation Market, by Technology
10.1.1.1.3 US: Encapsulation Market, by Application
10.1.1.2 Canada: Encapsulation Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Canada: Encapsulation Market, by Coating Material
10.1.1.2.2 Canada: Encapsulation Market, by Technology
10.1.1.2.3 Canada: Encapsulation Market, by Application
10.1.1.3 Mexico: Encapsulation Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Mexico: Encapsulation Market, by Coating Material
10.1.1.3.2 Mexico: Encapsulation Market, by Technology
10.1.1.3.3 Mexico: Encapsulation Market, by Application
11. Impact of COVID-19 Pandemic on North America Encapsulation Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Product Launch
12.3 Mergers & acquisition
12.4 Expansion
13. Company Profiles
13.1 Encapsys, LLC
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Lycored
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 TasteTech
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Givaudan
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Balchem Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 FrieslandCampina
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 BASF SE
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 DSM
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Microtek Laboratories, Inc.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Legris Industries Group
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Encapsulation Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. US Encapsulation Market, by Coating Material– Revenue and Forecast to 2028 (USD Million)
Table 3. US Encapsulation Market, by Technology – Revenue and Forecast to 2028 (USD Million)
Table 4. US Encapsulation Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 5. Canada: Encapsulation Market, by Coating Material – Revenue and Forecast to 2028 (USD Million)
Table 6. Canada Encapsulation Market, by Technology – Revenue and Forecast to 2028 (USD Million)
Table 7. Canada Encapsulation Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 8. Mexico Encapsulation Market, by Coating Material – Revenue and Forecast to 2028 (USD Million)
Table 9. Mexico Encapsulation Market, by Technology – Revenue and Forecast to 2028 (USD Million)
Table 10. Mexico Encapsulation Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 11. Glossary of Terms, North America Encapsulation Market
LIST OF FIGURES
Figure 1. North America Encapsulation Market Segmentation
Figure 2. North America Encapsulation Market Segmentation – By Country
Figure 3. North America Encapsulation Market Overview
Figure 4. Carbohydrates Segment Held Largest Share of North America Encapsulation Market
Figure 5. US Held Largest Share of North America Encapsulation Market
Figure 6. Porter’s Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. Ecosystem: North America Encapsulation Market
Figure 9. North America Encapsulation Market Impact Analysis of Drivers and Restraints
Figure 10. North America Encapsulation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. North America Encapsulation Market Revenue Share, By Coating Material (2020 and 2028)
Figure 12. Polymers: North America Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 13. Gums and Resins: North America Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 14. Lipids: North America Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 15. Carbohydrates: North America Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 16. Proteins: North America Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 17. North America Encapsulation Market Revenue Share, By Technology (2020 and 2028)
Figure 18. Spray Technology: North America Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 19. Emulsion Technology: North America Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 20. Dripping Technology: North America Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 21. Others: North America Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 22. North America Encapsulation Market Revenue Share, By Application (2020 and 2028)
Figure 23. Pharmaceuticals and Nutraceutical: North America Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 24. Food and Beverages: North America Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 25. Personal Care Products: North America Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 26. Agrochemicals: North America Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 27. Others: North America Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 28. North America Encapsulation Market – Revenue by Country to 2028 (US$ Million)
Figure 29. North America: Encapsulation Market Revenue Share, by Key Country (2020 and 2028)
Figure 30. US: Encapsulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 31. Canada: Encapsulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 32. Mexico: Encapsulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 33. Impact of COVID-19 Pandemic in North American Country Markets
- Balchem Inc.
- BASF SE
- DSM
- Encapsys, LLC
- FrieslandCampina
- Givaudan
- Legris Industries Group
- Lycored
- Microtek Laboratories, Inc
- TasteTech
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- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the Encapsulation Market, as well as those hindering it
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