Asia Pacific 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
The Asia Pacific region comprises of countries such as Australia, China, India, Japan, South Korea, and other Asian countries. The demand for encapsulated ingredients is fueled by increasing application in various industries such as food and beverages, pharmaceutical and nutraceuticals, personal care products, agrochemicals etc. The trends such as health, nutrition and wellbeing are driving consumer behavior for food that supports longer and healthier lives. In the Asia Pacific region, the demand for functional food and dietary supplements is increasing among the population. Moreover, there is a high demand for controlled-release agrochemicals which will boost the encapsulation market. In Asia Pacific region, the consumer demand for longer lasting fragrances in their everyday products continues to grow in all categories. The high demand for fragrance encapsulation in various personal care products including hair care products offers lucrative opportunities for the market growth in the region. The players operating in the region anticipate many opportunities for fragrance encapsulation with the growing consumer demand for longer lasting fragrances. In Asia Pacific region, there is an increasing adoption of technological advancement. The various companies are investing significantly in the development of current encapsulation technology. Also, players are investing in high growth markets. For instance, in 2019, Givaudan opened its newest fragrance encapsulation center in Singapore. This investment will support the company's growth ambitions in the region. The facility is strategically located to offer an excellent environment for pursuing scientific research and business opportunities while being centrally located within Asia. Givaudan is significantly investing in the development of new biodegradable capsules for personal care products. Such developments will further contribute for the growth of the encapsulation market in the Asia Pacific region.
The COVID-19 outbreak is wreaking havoc on the economic growth of Asia Pacific. The severity of the impact is entirely dependent on the transmission of the novel coronavirus. Government bodies across Asia Pacific are considering limiting the spread by imposing lockdowns, which is slowing down the import and export activities, leading to a shortage in raw material supply and labor. This factor has severely affected the encapsulation market across the region, which created a decline in the product supply. However, the increase in vaccination doses and the gradual decline in the number of daily COVID-19 positive cases are driving the market in 2021. The growth of the encapsulation market is expected to stabilize in the region by 2022. Further, the rising FDI in automotive and construction industries in China and India is expected to contribute to the overall market growth.
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Market Overview and Dynamics
The encapsulation market in Asia Pacific is expected to grow from US$ 11,727.90 million in 2021 to US$ 30,765.74 million by 2028; it is estimated to grow at a CAGR of 14.8% 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 Asia Pacific encapsulation market during the forecast period. This is bolstering the growth of the encapsulation market.
Key Market Segments
Based on coating material, the Asia Pacific encapsulation market is segmented into polymers, gums and resins, lipids, carbohydrates, and lipids. In 2020, the carbohydrates segment held the largest share Asia Pacific encapsulation market. Based on technology, the Asia Pacific encapsulation market is segmented into spray technology, emulsion technology, dripping technology and others. In 2020, the spray technology segment held the largest share Asia Pacific encapsulation market. Based on by application, the Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific encapsulation market
- Efficiently plan M&A and partnership deals in Asia Pacific 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 Asia Pacific Encapsulation Market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Asia Pacific region.
ASIA PACIFIC 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
By Country
- Australia
- China
- India
- Japan
- South Korea
- RoAPAC
Company Profiles
- Balchem Inc.
- BASF SE
- DSM
- FrieslandCampina
- Givaudan
- 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. APAC 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. APAC Encapsulation Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Encapsulated Flavors and Colors from Convenience Food Sector
5.1.2 Growing Demand for Encapsulated Pharmaceuticals
5.2 Market Restraints
5.2.1 Surge in 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 Rising Demand for Functional Products
5.5 Impact Analysis of Drivers and Restraints
6. Encapsulation – APAC Market Analysis
6.1 APAC Encapsulation Market Overview
6.2 APAC Encapsulation Market –Revenue and Forecast to 2028 (US$ Million)
7. APAC Encapsulation Market Analysis – By Coating Material
7.1 Overview
7.2 APAC Encapsulation Market, By Coating Material (2020 and 2028)
7.3 Polymers
7.3.1 Overview
7.3.2 Polymers: APAC Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
7.4 Gums and Resins
7.4.1 Overview
7.4.2 Gums and Resins: APAC Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
7.5 Lipids
7.5.1 Overview
7.5.2 Lipids: APAC Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
7.6 Carbohydrates
7.6.1 Overview
7.6.2 Carbohydrates: APAC Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
7.7 Proteins
7.7.1 Overview
7.7.2 Proteins: APAC Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
8. APAC Encapsulation Market Analysis – By Technology
8.1 Overview
8.2 APAC Encapsulation Market, By Technology (2020 and 2028)
8.3 Spray Technology
8.3.1 Overview
8.3.2 Spray Technology: APAC Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
8.4 Emulsion Technology
8.4.1 Overview
8.4.2 Emulsion Technology: APAC Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
8.5 Dripping Technology
8.5.1 Overview
8.5.2 Dripping Technology: APAC Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Others: APAC Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
9. Encapsulation Market Analysis – By Application
9.1 Overview
9.2 APAC Encapsulation Market, By Application (2020 and 2028)
9.3 Pharmaceuticals and Nutraceutical
9.3.1 Overview
9.3.2 Pharmaceuticals and Nutraceutical: APAC Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
9.4 Food and Beverages
9.4.1 Overview
9.4.2 Food and Beverages: APAC Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
9.5 Personal Care Products
9.5.1 Overview
9.5.2 Personal Care Products: APAC Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
9.6 Agrochemicals
9.6.1 Overview
9.6.2 Agrochemicals: APAC Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
9.7 Others
9.7.1 Overview
9.7.2 Others: APAC Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Source: The Insight Partners Analysis
10. APAC Encapsulation Market – Country Analysis
10.1 Asia Pacific Encapsulation Market
10.1.1 Asia Pacific: Encapsulation Market, by Key Country
10.1.1.1 Australia: Encapsulation Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Australia: Encapsulation Market, by Coating Material
10.1.1.1.2 Australia: Encapsulation Market, by Technology
10.1.1.1.3 Australia: Encapsulation Market, by Application
10.1.1.2 China: Encapsulation Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 China: Encapsulation Market, by Coating Material
10.1.1.2.2 China: Encapsulation Market, by Technology
10.1.1.2.3 China: Encapsulation Market, by Application
10.1.1.3 India: Encapsulation Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 India: Encapsulation Market, by Coating Material
10.1.1.3.2 India: Encapsulation Market, by Technology
10.1.1.3.3 India: Encapsulation Market, by Application
10.1.1.4 Japan: Encapsulation Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Japan: Encapsulation Market, by Coating Material
10.1.1.4.2 Japan: Encapsulation Market, by Technology
10.1.1.4.3 Japan: Encapsulation Market, by Application
10.1.1.5 South Korea: Encapsulation Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 South Korea: Encapsulation Market, by Coating Material
10.1.1.5.2 South Korea: Encapsulation Market, by Technology
10.1.1.5.3 South Korea: Encapsulation Market, by Application
10.1.1.6 Rest of Asia Pacific: Encapsulation Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Asia Pacific: Encapsulation Market, by Coating Material
10.1.1.6.2 Rest of Asia Pacific: Encapsulation Market, by Technology
10.1.1.6.3 Rest of Asia Pacific: Encapsulation Market, by Application
11. Impact of COVID-19 Pandemic on APAC Encapsulation Market
11.1 Overview
11.1 Asia-Pacific: 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 TasteTech
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 Givaudan
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 Balchem Inc.
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 FrieslandCampina
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 BASF SE
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 DSM
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
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. APAC Encapsulation Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Australia Encapsulation Market, by Coating Material – Revenue and Forecast to 2028 (USD Million)
Table 3. Australia Encapsulation Market, by Technology – Revenue and Forecast to 2028 (USD Million)
Table 4. Australia Encapsulation Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 5. China Encapsulation Market, by Coating Material– Revenue and Forecast to 2028 (USD Million)
Table 6. China Encapsulation Market, by Technology – Revenue and Forecast to 2028 (USD Million)
Table 7. China Encapsulation Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 8. India Encapsulation Market, by Coating Material– Revenue and Forecast to 2028 (USD Million)
Table 9. India Encapsulation Market, by Technology – Revenue and Forecast to 2028 (USD Million)
Table 10. India Encapsulation Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 11. Japan Encapsulation Market, by Coating Material– Revenue and Forecast to 2028 (USD Million)
Table 12. Japan Encapsulation Market, by Technology – Revenue and Forecast to 2028 (USD Million)
Table 13. Japan Encapsulation Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 14. South Korea Encapsulation Market, by Coating Material– Revenue and Forecast to 2028 (USD Million)
Table 15. South Korea Encapsulation Market, by Technology – Revenue and Forecast to 2028 (USD Million)
Table 16. South Korea Encapsulation Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 17. Rest of Asia Pacific Encapsulation Market, by Coating Material– Revenue and Forecast to 2028 (USD Million)
Table 18. Rest of Asia Pacific Encapsulation Market, by Technology – Revenue and Forecast to 2028 (USD Million)
Table 19. Rest of Asia Pacific Encapsulation Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 20. Glossary of Terms, APAC Encapsulation Market
LIST OF FIGURES
Figure 1. APAC Encapsulation Market Segmentation
Figure 2. APAC Encapsulation Market Segmentation – By Country
Figure 3. APAC Encapsulation Market Overview
Figure 4. Carbohydrates Segment Held Largest Share of APAC Encapsulation Market
Figure 5. India Held Largest Share of APAC Encapsulation Market
Figure 6. Porter’s Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. Ecosystem: APAC Encapsulation Market
Figure 9. APAC Encapsulation Market Impact Analysis of Drivers and Restraints
Figure 10. APAC Encapsulation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. APAC Encapsulation Market Revenue Share, By Coating Material (2020 and 2028)
Figure 12. Polymers: APAC Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 13. Gums and Resins: APAC Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 14. Lipids: APAC Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 15. Carbohydrates: APAC Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 16. Proteins: APAC Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 17. APAC Encapsulation Market Revenue Share, By Technology (2020 and 2028)
Figure 18. Spray Technology: APAC Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 19. Emulsion Technology: APAC Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 20. Dripping Technology: APAC Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 21. Others: APAC Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 22. APAC Encapsulation Market Revenue Share, By Application (2020 and 2028)
Figure 23. Pharmaceuticals and Nutraceutical: APAC Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 24. Food and Beverages: APAC Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 25. Personal Care Products: APAC Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 26. Agrochemicals: APAC Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 27. Others: APAC Encapsulation Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 28. Asia Pacific: Encapsulation Market – Revenue by Country to 2028 (US$ Million)
Figure 29. Asia Pacific: Encapsulation Market Revenue Share, by Key Country (2020 and 2028)
Figure 30. Australia: Encapsulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 31. China: Encapsulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 32. India: Encapsulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 33. Japan: Encapsulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 34. South Korea: Encapsulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 35. Rest of Asia Pacific: Encapsulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 36. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
- Balchem Inc.
- BASF SE
- DSM
- FrieslandCampina
- Givaudan
- TasteTech
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific Encapsulation Market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific Encapsulation Market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Encapsulation Market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution