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.
Competitive Landscape
Some Major Key Players In The Vegetable Capsules Market:
- Capsugel
- Catalent
- Qualicaps
- ACG Associated Capsules
- Er-kang
- Bahrain Pharma
- Aenova
- Procaps Laboratories
- SIRIO
- Shanxi GS Capsule
- Bright Caps GmbH,
- CapsCanada (Lyfe Group),
- Dah Feng Capsule
- Erawat Pharma Limited,
- SUHEUNG,
- Sunil Healthcare Limited,
- Vivion
- Natural Capsules Limited,
- Vcaps Pvt. Ltd.
- Other Market Players
Market Segmentation:
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.
Based On The Type, The Starch Segment Is Accounted As A Major Contributor To The Vegetable Capsules Market.
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.
Health Supplements Segment To Witness Growth At A Rapid Rate.
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.
In The Region, The North American Vegetable Capsules Market Holds A Significant Revenue Share.
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.
Recent Developments:
- In March 2021, ACG introduced its latest line of capsules, ACGcaps NTone and ACGcaps TSafe, specifically designed for the nutraceutical industry. The latest assortment of items from ACG's Capsules division exemplified the company's dedication to promoting a healthier global environment, while simultaneously catering to consumer demands for transparently labeled and safe products.
Vegetable Capsules Market Report Scope:
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 1.45 Bn |
|
Revenue Forecast In 2031 |
USD 3.03 Bn |
|
Growth Rate CAGR |
CAGR of 9.7% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Type, And Application |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; Southeast Asia; South Korea |
|
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. |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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