Market Introduction
The South America region include economies such as Brazil, Argentina, and other countries. The demand for natural and nutritional ingredients is increasing in the region. Changes in consumption habits of consumer such as the increasing awareness about benefits of eating healthy are creating new opportunities in the active nutrition ingredients space. The demand for nutraceuticals, supplements and functional food is significantly growing in the region. The market for encapsulated ingredients is expanding, as consumers are adding more supplements and functional food products to their routine. Moreover, the players operating in the region are focusing on providing high performance and safe ingredients for various applications such as nutritional, pharmaceutical and cosmetic applications. Due to all these factors, the encapsulation market is expected to grow in the region during the forecast period.
The country with the most confirmed COVID-19 cases in South America was Brazil, followed by Argentina, Peru, Chile, and Ecuador. The COVID-19 pandemic has significantly disrupted the manufacturing sector in terms of operational efficiency, owing to extended lockdowns, restrictions imposed on international trades, the shutdown of manufacturing units, travel bans, supply chain disintegration, shortage in the supply of raw materials, and many other factors. However, businesses are gaining ground as previously imposed limitations are being eased across various locations. Moreover, the introduction of COVID-19 vaccines by governments of different countries has eased the situation leading to a rise in business activities. Furthermore, governments of various countries are planning to develop modern and technologically advanced infrastructure to mitigate the economic impacts of the COVID-19 pandemic.
Market Overview and Dynamics
The encapsulation market in South America is expected to grow from US$ 922.78 million in 2021 to US$ 1,723.97 million by 2028; it is estimated to grow at a CAGR of 9.3% 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 South America encapsulation market during the forecast period. This is bolstering the growth of the encapsulation market.
Key Market Segments
Based on coating material, the South America encapsulation market is segmented into polymers, gums and resins, lipids, carbohydrates, and lipids. In 2020, the carbohydrates segment held the largest share South America encapsulation market. Based on technology, the South America encapsulation market is segmented into spray technology, emulsion technology, dripping technology and others. In 2020, the spray technology segment held the largest share South America encapsulation market. Based on by application, the South America encapsulation market is segmented into pharmaceuticals and nutraceutical, food and beverages, personal care products, agrochemicals, and other. In 2020, the food and beverages segment held the largest share South 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 South 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; FrieslandCampina; Givaudan; and TasteTech among others.
Reasons to buy report
SOUTH AMERICA ENCAPSULATION MARKET SEGMENTATION
By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 922.78 Million |
| Market Size by 2028 | US$ 1,723.97 Million |
| CAGR (2021 - 2028) | 9.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Coating Material
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South America Encapsulation Market is valued at US$ 922.78 Million in 2021, it is projected to reach US$ 1,723.97 Million by 2028.
As per our report South America Encapsulation Market, the market size is valued at US$ 922.78 Million in 2021, projecting it to reach US$ 1,723.97 Million by 2028. This translates to a CAGR of approximately 9.3% during the forecast period.
The South America Encapsulation Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Encapsulation Market report:
The South America Encapsulation Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Encapsulation Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Encapsulation Market value chain can benefit from the information contained in a comprehensive market report.
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