Microencapsulation Market Size

Microencapsulation Market size was valued at USD 14.45 billion in 2024 and is set to exceed USD 51.08 billion by 2037, registering over 10.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of microencapsulation is evaluated at USD 15.7 billion.

The growth of the market can be attributed primarily to the growing application areas of microencapsulation in various industries, such as for encapsulating functional food and agrochemical products. Along with this, rising utilization of the technique for masking taste, activity and odor of functional ingredients used for making pharmaceutical and healthcare products is also expected to drive market growth in the upcoming years. Furthermore, increasing demand for efficient technology for encapsulating beauty products containing natural products, and escalating sales of personal care products are projected to offer profitable opportunities to the market in the near future. It is evaluated that out of all the online sales across the globe, beauty and skincare product sales will account for more than 45% share by the end of the year 2023.