Asia-Pacific Microencapsulated Ingredients Market growth will be driven by increasing demand in skin care applications.
PORTLAND, UNITED STATES, UNITED STATES, August 23, 2021 /EINPresswire.com/ – Asia-Pacific Market for Microencapsulated Ingredients topped $ 120.59 million in 2018 and is expected to reach $ 193.36 million by 2026, with a CAGR of 6.0% from 2019 to 2026. According to the report released by Allied Market Research.
Microencapsulation technology allows compounds to encapsulate within a microsphere / microcapsule. Microencapsulation is done by a chemical method known as interfacial crosslinking. In the process of interfacial crosslinking, the small bifunctional monomer comprising active hydrogen atoms is replaced by a bio-based polymer, such as a protein. The acid chloride reacts with the different functional groups of the protein during the reaction, leading to the formation of a membrane. The method is developed to restrict the use of toxic diamines for skin care applications.
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Several different active ingredients such as pigments, vitamins, UV filters, skin lightening components, active ingredients and essential oils are successfully encapsulated in microcapsules developed from polymeric and non-polymeric materials including polyethylene glycols , cellulose, polylactides and others. Microencapsulation in skin care products preserves the properties of the ingredients and allows the ingredients to be released into the skin.
Asia-Pacific Microencapsulated Ingredients Market Segments:
The Asia-Pacific microencapsulated ingredients market is segmented into ingredients, application, and countries. Based on Ingredients, the market is categorized into Pigments, Vitamins, UV Filters, Skin Lightening Components, Active Ingredients, Essential Oils, and Anti-Aging Components. The vitamin segment is then 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, the market is divided into colorful skin care, sun lotion (UV protection), whitening and brightening cream, anti-wrinkle and anti-aging cream, and other skin care products. Based on the country, the Asia-Pacific microencapsulated ingredients market is segmented into China, Thailand, Japan, South Korea, Australia, and the Philippines.
Key Findings of the Asia-Pacific Microencapsulated Ingredients Market:
The anti-aging components segment accounted for nearly 24.12% share of the microencapsulated ingredients market in Asia-Pacific in 2018.
The skin lightening components segment is expected to grow with the highest CAGR throughout the forecast period.
In the Asia-Pacific microencapsulated ingredients market share, anti-wrinkle and anti-aging creams accounted for over 25% in 2017.
China is expected 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, Vitamin A (Retinol) market was $ 8.289 million in 2018 and is expected to reach $ 13.989 million by 2026, growing with a CAGR of 6 , 7% over the forecast period.
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Key players in the microencapsulated ingredients market in Asia-Pacific:
The main players involved in the market include 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 include Adinop Co., Ltd., Bega cheese limited, DURAE Corporation, Reed Pacific Specialty Chemicals, and Seiwa Kasei Co, Ltd.
To remain competitive, these market players adopt different strategies such as product launch, partnership, merger and acquisition. For example, SEPPIC, a subsidiary of Air Liquide, has bought Serdex, which offers plant active ingredients for skin care. With this acquisition, SEPPIC is enriching its portfolio of products related to the microencapsulated ingredients market in Asia-Pacific. Lonza launched its new bioactive functional ingredient ScreenLight Block at the In-Skin Care show in Latin America in August 2018. With this launch, Lonza aims to enhance its product portfolio.
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Allied Market Research (AMR) is a Portland, Oregon-based market research and business consulting firm of Allied Analytics LLP. AMR offers market research reports, business solutions, consulting services and market intelligence across 11 verticals. Adopting in-depth research methodologies, AMR helps to help clients make strategic business decisions and achieve sustainable growth in their market areas. We are staffed with qualified analysts and experts and have extensive experience working with many Fortune 500 companies and small and medium enterprises.