Microencapsulation Market Share

Regionally, the global microencapsulation market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. Asia Pacific industry is likely to hold largest revenue share by 2037, backed by rapidly expanding pharmaceutical and food processing industries across the region. Moreover, the market in North America is expected to grab the largest share during the forecast period ascribing to the rising awareness about value-added products for various areas such as nutrition, healthcare, and personal care. In addition, growing demand for healthy and functional foods is also projected to drive market growth in the region in the coming years. In 2020, the sales for naturally healthy food in the United States reached a value of more than USD 60 billion, whereas functional food accounted for a value of about USD 40 billion.