The North America & Europe microencapsulated ingredients market was valued at $229.9million in 2018, and is projected to reach $349.2million by 2026, growing at a CAGR of 5.3% from 2019 to 2026.
Microcapsules are tiny capsules, which contain ingredients or materials that are released when the capsules are broken, melted, or dissolved. Microencapsulation is used increasingly in the skin care and personal care markets. Several skin care and personal care products are composed of biologically active substances that are encapsulated for increasing stability of active materials.
Topical and transdermal delivery of active cosmetic ingredients works effectively by reaching the target site within the skin. Protection of these active ingredients is necessary during formulation, storage, and application of the cosmetic product. Hence, ingredients are microencapsulated in the skin care products. Rise in use of microencapsulated ingredients in the skin care application drives the growth of the market.
Nowadays, in cosmetics industry major interest is toward applications of essential oils, vitamins, skin moisturizing agents, antiaging agents, and others. Various new techniques of microencapsulation have been developed, which have wide applications in skin care, pharmaceuticals, food industries, and cosmetics.
The North America & Europe microencapsulated ingredients market is segmented into ingredient, application, and region. By ingredient, it is categorized into pigments, vitamins, UV filters, skin lightening components, essential oils, antiaging components, and active ingredients. 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. On the basis of application, it is classified into color cosmetics, sunscreen lotions (UV protection), whitening & lightening creams, anti-wrinkle & antiaging creams, and others. By region, the market is analyzed across North America and Europe.
Key players operating in the North America & Europe microencapsulated ingredients market are Air Liquide SA, Ashland Inc., BASF SE, Croda International PLC, Clariant AG, Kobo Products, Inc., Euracli, Koehler, Koninklijke DSM NV, Korea Particle Technology Co. Ltd., Givaudan SA, International Flavors & Fragrances, Inc., Lubrizol Corporation, Merck KGaA, Symrise AG, Sumitomo Corporation, Lonza Group Ltd., Lycored, Salvona LLC, Sensient Technologies Corporation, Nouryon, Reed Pacific Specialty Corporation, Chongqing Pellets Techniques & Trade Co. Ltd., Nanovetores, Biogenica, Gelyma, and Infinitec.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Ingredients
By Application
By Region
KEY MARKET PLAYERS
Microcapsules are tiny capsules, which contain ingredients or materials that are released when the capsules are broken, melted, or dissolved. Microencapsulation is used increasingly in the skin care and personal care markets. Several skin care and personal care products are composed of biologically active substances that are encapsulated for increasing stability of active materials.
Topical and transdermal delivery of active cosmetic ingredients works effectively by reaching the target site within the skin. Protection of these active ingredients is necessary during formulation, storage, and application of the cosmetic product. Hence, ingredients are microencapsulated in the skin care products. Rise in use of microencapsulated ingredients in the skin care application drives the growth of the market.
Nowadays, in cosmetics industry major interest is toward applications of essential oils, vitamins, skin moisturizing agents, antiaging agents, and others. Various new techniques of microencapsulation have been developed, which have wide applications in skin care, pharmaceuticals, food industries, and cosmetics.
The North America & Europe microencapsulated ingredients market is segmented into ingredient, application, and region. By ingredient, it is categorized into pigments, vitamins, UV filters, skin lightening components, essential oils, antiaging components, and active ingredients. 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. On the basis of application, it is classified into color cosmetics, sunscreen lotions (UV protection), whitening & lightening creams, anti-wrinkle & antiaging creams, and others. By region, the market is analyzed across North America and Europe.
Key players operating in the North America & Europe microencapsulated ingredients market are Air Liquide SA, Ashland Inc., BASF SE, Croda International PLC, Clariant AG, Kobo Products, Inc., Euracli, Koehler, Koninklijke DSM NV, Korea Particle Technology Co. Ltd., Givaudan SA, International Flavors & Fragrances, Inc., Lubrizol Corporation, Merck KGaA, Symrise AG, Sumitomo Corporation, Lonza Group Ltd., Lycored, Salvona LLC, Sensient Technologies Corporation, Nouryon, Reed Pacific Specialty Corporation, Chongqing Pellets Techniques & Trade Co. Ltd., Nanovetores, Biogenica, Gelyma, and Infinitec.
KEY BENEFITS FOR STAKEHOLDERS
- The report includes in-depth analysis of different segments and provides market estimations between 2018 and 2026
- Porter’s Five Forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies
- Key market players are profiled to gain an understanding of the strategies adopted by them
- This report provides a detailed analysis of the current trends and future estimations from 2019 to 2026, which helps identify the prevailing market opportunities
KEY MARKET SEGMENTS
By Ingredients
- Pigments
- Vitamins
- Vitamin C
- Vitamin E
- Vitamin F
- Vitamin A(Retinol)
- UV Filters
- Organic Materials
- Inorganic Materials
- Skin Lightening Components
- Active Ingredients
- Essential Oils
- Antiaging Components
By Application
- Color Cosmetics
- Sunscreen Lotions (UV Protection)
- Whitening & Lightening Creams
- Anti-Wrinkle & Antiaging Creams
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Poland
- Netherlands
- Belgium
- Sweden
- Switzerland
KEY MARKET PLAYERS
- Air Liquide SA
- Ashland Inc.
- BASF SE
- Croda International PLC
- Clariant AG
- Kobo Products, Inc.
- Euracli
- Koehler
- Koninklijke DSM NV
- Korea Particle Technology Co. Ltd.
- Other Profiles (Givaudan SA, International Flavors & Fragrances, Inc., Lubrizol Corporation, Merck KGaA, Symrise AG, Sumitomo Corporation, Lonza Group Ltd., Lycored, Salvona LLC, Sensient Technologies Corporation, Nouryon, Reed Pacific Specialty Corporation, Chongqing Pellets Techniques & Trade Co. Ltd., Nanovetores, Biogenica, Gelyma, and Infinitec)
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: MICROENCAPSULATED INGREDIENTS MARKET, BY INGREDIENT
CHAPTER 5: MICROENCAPSULATED INGREDIENTS MARKET, BY APPLICATION
CHAPTER 6: MICROENCAPSULATED INGREDIENTS MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES:
Executive Summary
According to the report titled, 'Microencapsulated Ingredients Market by ingredients and application: North America & Europe Opportunity Analysis and Industry Forecast, 2019-2026,' the North America & Europe microencapsulated ingredients market accounted for revenue of $229.9millionin 2018 and is anticipated to generate $349.2millionby 2026. The North America & Europe microencapsulated ingredients market size is projected to experience growth at a CAGR of 5.3% 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 crosslinking 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.
On the basis of ingredient, the UV filters segment holds the largest North America and Europe microencapsulated ingredients market share, in terms of revenue, and is expected to grow at a CAGR of 5.8%. Encapsulated UV filters are used to prevent the direct contact of the UV filters with skin which in turn prevents skin from sunburn, phot aging, and skin cancer. The rise in demand for encapsulated UV filters is due to temperature rise in economies such as Canada, Mexico, France, Germany, The Netherl ands, Sweden, and Switzerland and. This is expected to fuel the growth of overall North America & Europe microencapsulated ingredients market during the forecast period.
On the basis of application, Anti-wrinkle & anti-aging creams segment holds the largest share, in terms of revenue, and is expected to grow at a CAGR of 6.0%. This is owing to the rise in awareness among people for aging process, and appearance. The rise in demand for anti-wrinkling & anti-aging creams from the countries such as Italy, Germany, UK, Canada, Belgium, and The Netherl ands drives the North America & Europe microencapsulated ingredients market growth during the forecast period.
On the basis of region, the market is analyzed across two major regions such as North America and Europe. Europe has the dominant market share in 2018 and is anticipated to maintain its dominance during the forecast period. This is attributed to numerous factors such as a huge consumer base and the presence of key players in the region. North America is anticipated to grow at a noteworthy rate. This is owing to a rise in the number of end users in the countries such as the U.S., Canada, and Mexico.
Market players operating and profiled in the North America & Europe microencapsulated ingredients market include Air Liquide SA, Ashl and Inc., BASF SE, Croda International PLC, Clariant AG, Kobo Products, Inc., Euracli, Koehler, Koninklijke DSM NV, Korea Particle Technology Co. Ltd., Givaudan SA, International Flavors & Fragrances, Inc., Lubrizol Corporation, Merck KGaA, Symrise AG, Sumitomo Corporation, Lonza Group Ltd, Lycored, Salvona LLC, Sensient Technologies Corporation, Nouryon, Reed Pacific Specialty Corporation, Chongqing Pellets Techniques & Trade Co. Ltd., Nanovetores, Biogenica, Gelyma, and Infinitec.
Other players operating in the value chain include Nagase & Co. Ltd., Mibelle AG, Sunjin Beauty Science Co. Ltd., Showa Denko K.K., and Berkem.
According to Eswara Prasad, Manager, Chemical and Materials. "The North America & Europe Microencapsulated Ingredients market is expected to witness considerable growth owing to the rise in the use of microencapsulated ingredients in the skin care application. In coming years, North America is expected to grow at noteworthy growth rate owing to rise in demand from end users in the countries such as the U.S., Canada & Mexico.
KEY FINDINGS OF THE STUDY:
- By ingredients, the UV filters segment emerged as the regional leader by acquiring around 23.01% of North America & Europe microencapsulated ingredients market share in 2018, and is anticipated to be the largest market during the forecast period
- By application, the anti-wrinkle & anti-aging cream segment was the largest revenue contributor in the North America & Europe microencapsulated ingredients market in 2018
- Europe is the major consumer of microencapsulated ingredients market among both regions. It is accounted for around 56.81% of the regional market share in 2018 as a result of huge consumer base and the presence of key players across the region.
Companies Mentioned
- Air Liquide SA
- Ashland Inc.
- BASF SE
- Croda International PLC
- Clariant AG
- Kobo Products Inc.
- Euracli
- Koehler
- Koninklijke DSM NV
- Korea Particle Technology Co. Ltd.
- Givaudan SA
- International Flavors & Fragrances Inc.
- Lubrizol Corporation
- Merck KGaA
- Symrise AG
- Sumitomo Corporation
- Lonza Group Ltd.
- Lycored
- Salvona LLC
- Sensient Technologies Corporation
- Nouryon
- Reed Pacific Specialty Corporation
- Chongqing Pellets Techniques & Trade Co. Ltd.
- Nanovetores
- Biogenica
- Gelyma
- Infinitec
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.
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