Asia-Pacific Microencapsulated Ingredients Market by Ingredients, and Application: Asia-Pacific Opportunity Analysis and Industry Forecast, 2019-2026

Executive Summary

Asia-Pacific Microencapsulated ingredients Market Report by Ingredients and Application forecasts that the Asia-Pacific Microencapsulated ingredients market was valued at $120.59 million in 2018 and is estimated to reach $193.36 million by 2026, growing at a CAGR of 6.0% from 2019 to 2026.

Microencapsulation technology enables compounds to encapsulate inside a microsphere/microcapsule. Microencapsulation is done through a chemical method known as interfacial cross-linking. In interfacial cross-linking process, the small bifunctional monomer comprising active hydrogen atoms are replaced by a bio sourced polymer, such as protein. The acid chloride reacts with the various functional groups of the protein during the reaction, leading to the formation of a membrane. The method is developed to restrain the use of toxic diamines for skin care applications.

Several different active ingredients such as pigments, vitamins, UV filters, skin lightening components, active ingredients, and essential oils are successfully encapsulated inside microcapsules developed from polymeric and non-polymeric materials including polyethylene glycols, cellulose, polylactides, and others. Microencapsulation in skin care products preserves the ingredients properties and enables the ingredients to release into the skin.

The Asia-Pacific microencapsulated ingredients market is segmented into ingredients, application, and country. Based on ingredients, the market is categorized into pigments, vitamins, UV filters, skin lightening components, active ingredients, essential oils, and antiaging components. The vitamins segment is further segmented into Vitamin C, Vitamin E, Vitamin F, and Vitamin A (Retinol). The UV filters segment is further divided into organic materials, and inorganic materials.

Based on application, the market is divided into color skin care, sunscreen lotions (UV protection), whitening and lightening creams, anti-wrinkle and antiaging creams and other skin care products. Based on country, the Asia-Pacific microencapsulated ingredients market is segmented into China, Thailand, Japan, South Korea, Australia and Philippines.

Key Findings of Asia-pacific Microencapsulated Ingredients Market:

The Antiaging Components segment accounted for a share of nearly 24.12% in the Asia-Pacific Microencapsulated ingredients market in 2018.
The Skin lightening component segment is anticipated to grow with the highest CAGR throughout the forecast period.
In Asia-Pacific Microencapsulated ingredients market share, anti-wrinkle and anti-aging cream accounted for more than 25% in 2017.
The China is anticipated to grow at the highest rate in the Asia-Pacific microencapsulated ingredients market during the forecast period, followed by Japan.
In Asia-Pacific Microencapsulated ingredients market size, the Vitamin A (Retinol) market was $8.289 million in 2018 and is anticipated to reach $13.989 million by 2026, growing with a CAGR of 6.7% during the forecast period.

The key players involved in the market includes Air Liquide, Ashland, Inc., BASF SE, Biogenics Inc, Chongqing Pellets Techniques, Croda, Givaudan SA, International Flavors & Fragrances Inc., Kobo Products, Inc., Korea Particle Technology, Lonza Group Limited, Salvona LLC, Sumitomo- Presperse Corporation, and Nouryon. Some of the local manufacturers includes Adinop Co., Ltd., Bega cheese limited, DURAE Corporation, Reed Pacific Specialty Chemicals, and Seiwa Kasei Co, Ltd.

To stay competitive, these market players are adopting different strategies such as product launch, partnership, merger, and acquisition. In an instance, SEPPIC, subsidiary of Air Liquide acquired Serdex, which offers botanical active ingredients for skincare. With this acquisition, SEPPIC enhanced its product portfolio related to the Asia-Pacific microencapsulated ingredients market. Lonza launched its new bioactive functional ingredient ScreenLight Block at In-skin care Latin America in August 2018. With this launch, Lonza aims to enhance its product portfolio.

Companies Mentioned

• Air Liquide
• AshlandInc.
• BASF SE
• Biogenics Inc
• Chongqing Pellets Techniques
• Croda
• Givaudan SA
• International Flavors & Fragrances Inc.
• Kobo ProductsInc.
• Korea Particle Technology
• Lonza Group Limited
• Salvona LLC
• Sumitomo - Presperse Corporation
• Nouryon.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

• Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles and other related releases for market evaluation
• Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.