Scope of the Study
Vegetarian capsules made from plant derived HPMC (Hydroxypropyl Methylcellulose) and water and no animal byproducts are used. HPMC is derived from vegetable cellulose, which is made up of the trunks of pine and spruce trees that come from the Southwestern United States. It is considered safe for normal human consumption. It is used as a substitute for gelatin capsules. It is beneficial for health conscious or allergic consumers.
The market study is being classified by Type (Pullulan, Starch and HPMC), by Application (Pharmaceutical, Health Supplements and Others) and major geographies with country level break-up.
ACG Group (India), Bright Pharma Caps (United States), CapsCanada (Canada), Capsugel (United States), Sunil Healthcare Limited (India), Suheung Co., Ltd. (South Korea), BioCaps Enterprise, Inc. (United States), HealthCaps India Ltd. (India), Baotou Capstech Co., Ltd (China) and Wuhan Carma Technology Co., Ltd (China) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Natural Capsules Limited (India), Shaoxing Kangke Capsule Co., Ltd. (China) and Shanghai Honest Chemical Co., Ltd. (China).
Research Analyst at AMA predicts that Chinese Players will contribute to the maximum growth of Global Vegetarian Capsules market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Vegetarian Capsules market by Type, Application and Region.
On the basis of geography, the market of Vegetarian Capsules has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand for Vegetarian Capsules Worldwide
- Increased Government Spending On Healthcare
- Various Health Benefits of the Vegetarian Capsules
- Rising Demand for Encapsulated Ingredients
- Fluctuations in Raw Material Prices
- Demand from the Emerging Countries like India with a Large Number of Vegetarian Population
- Growing Demand for Dietary Supplements
- High Cost of Vegetarian Capsule Compared To Gelatin Capsule
Market Leaders and their expansionary development strategies
On 6th July 2017, Lonza, a global leader in healthcare, completed the acquisition of Capsugel S.A., a world leader in advanced oral dosage delivery technologies with a leading position in hard capsules. This acquisition is in line with Lonza’s stated strategy to accelerate growth and deliver value along the healthcare continuum by complementing its existing offerings and by opening up new market opportunities in the pharmaceutical and consumer healthcare and nutrition industries.
Key Target AudienceVegetarian Capsule Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Research Institutes, Government Body & Associations and End-user
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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