Vegetable Capsules Market Size is valued at USD 1.45 Bn in 2023 and is predicted to reach USD 3.03 Bn by the year 2031 at a 9.7% CAGR during the forecast period for 2024-2031.
Vegetable capsules serve as substitutes for conventional gelatin capsules and are often composed of hydroxypropyl methylcellulose (HPMC), which is obtained from cellulose or other plant sources such as pullulan. They are highly sought after in the pharmaceutical and nutritional supplement sectors because of their appeal to vegetarians and vegans, lack of allergens, and ability to maintain chemical stability. Vegetable capsules are suitable for many dietary requirements, including kosher and halal diets, and are favored for their environmental advantages, such as reduced ecological impact and biodegradability. They are widely employed for enclosing various compounds, such as vitamins, minerals, and pharmaceuticals, providing a sustainable alternative for consumers who are looking for non-animal product choices.
Furthermore, the rising interest in all-natural, plant-based goods is fueling much of this expansion. The need for vegetable capsules is predicted to keep growing as more individuals learn about the ecological and health advantages of plant-based goods. However, because the cost of producing vegetable capsules is about three times higher than that of gelatin, the market's growth is restricted by the high standards for the product's safety and health as well as the product's incapacity to prevent fog in environments with sharp temperature fluctuations.
The specific raw materials and production methods used to make vegetable capsules make them expensive to make, which could slow down the market for these products. The COVID-19 epidemic has reduced productivity in the healthcare sector globally. The illness has forced the temporary closure of several industries, including some in the healthcare sector.
The vegetable capsules market is segmented based on type and application. Based on type, the market is segmented into HPMC, plant polysaccharides, and starch. The application segment includes pharmaceuticals, health supplements, and others.
The starch vegetable capsules market is expected to hold a major global market share in 2023. Starch capsules are naturally produced when fungi ferment cornstarch. They are waterproof and stable, which makes them ideal for air-sensitive fillings which need extra protection. They work well with dry substances like powders and granules, but their high moisture content makes them less than ideal for absorbent powders and liquids.
The health supplements dominate as the Health supplements and nutraceuticals are more often used for disease prevention than treatment. They have many therapeutic applications and are also known as functional foods. The market for products based on vegetable capsules is booming with potential nutraceutical uses, thanks to the increasing popularity of functional foods in forms other than core meals.
The North American vegetable capsules market is likely to record a large market revenue share in the near future. This is due to the increased costs of pharmaceutical drug research and development. The rising number of diabetic patients in the area will also contribute to expanding the vegetable capsules industry. In addition, Europe is predicted to grow rapidly in the global vegetable capsules market because of the flourishing industrial infrastructure, increasing disposable incomes, and long-standing presence of local enterprises in the area.
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Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 1.45 Bn |
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Revenue Forecast In 2031 |
USD 3.03 Bn |
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Growth Rate CAGR |
CAGR of 9.7% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Type, And Application |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; Southeast Asia; South Korea |
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Competitive Landscape |
Capsugel, Catalent, Qualicaps, ACG Associated Capsules, Er-kang, Bahrain Pharma, Aenova, Procaps Laboratories, SIRIO, and Shanxi GS Capsule, Dah Feng Capsule, Erawat Pharma Limited, SUHEUNG, Sunil Healthcare Limited, Vivion, Natural Capsules Limited, Vcaps Pvt. Ltd. and Other Market Players. |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Vegetable Capsules Market Snapshot
Chapter 4. Global Vegetable Capsules Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Type Estimates & Trend Analysis
5.1. by Type & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Type:
5.2.1. HPMC
5.2.2. Plant Polysaccharides
5.2.3. Starch
Chapter 6. Market Segmentation 2: by Application Estimates & Trend Analysis
6.1. by Application & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:
6.2.1. Pharmaceuticals
6.2.2. Health Supplements
6.2.3. Others
Chapter 7. Vegetable Capsules Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Vegetable Capsules Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
7.1.2. North America Vegetable Capsules Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2031
7.1.3. North America Vegetable Capsules Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
7.2. Europe
7.2.1. Europe Vegetable Capsules Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
7.2.2. Europe Vegetable Capsules Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2031
7.2.3. Europe Vegetable Capsules Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
7.3. Asia Pacific
7.3.1. Asia Pacific Vegetable Capsules Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
7.3.2. Asia-Pacific Vegetable Capsules Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2031
7.3.3. Asia Pacific Vegetable Capsules Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
7.4. Latin America
7.4.1. Latin America Vegetable Capsules Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
7.4.2. Latin America Vegetable Capsules Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2031
7.4.3. Latin America Vegetable Capsules Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
7.5. Middle East & Africa
7.5.1. Middle East & Africa Vegetable Capsules Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
7.5.2. Middle East & Africa Vegetable Capsules Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2031
7.5.3. Middle East & Africa Vegetable Capsules Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. Capsugel
8.2.2. Catalent
8.2.3. Qualicaps
8.2.4. ACG Associated Capsules
8.2.5. Er-kang
8.2.6. Bahrain Pharma
8.2.7. Aenova
8.2.8. Procaps Laboratories
8.2.9. SIRIO
8.2.10. Shanxi GS Capsule
8.2.11. Bright Caps GmbH,
8.2.12. CapsCanada (Lyfe Group),
8.2.13. Dah Feng Capsule
8.2.14. Erawat Pharma Limited,
8.2.15. SUHEUNG,
8.2.16. Sunil Healthcare Limited,
8.2.17. Vivion
8.2.18. Natural Capsules Limited,
8.2.19. Vcaps Pvt. Ltd.
8.2.20. Other Market Players
Vegetable Capsules Market by Type-
Vegetable Capsules Market by Application-
Vegetable Capsules Market by Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
