Market Overview:
The global vegetarian capsules market is expected to register a CAGR of 6.5% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for vegetarian capsules from the pharmaceutical and health supplements industries. Additionally, factors such as rising awareness about the benefits of vegetarian capsules are also contributing to the growth of this market. Based on type, HPMC with gelling agent segment is expected to account for a larger share in terms of revenue in 2018 and is projected to grow at a higher CAGR during the forecast period. This can be attributed to its superior properties such as high viscosity and elasticity which make it an ideal material for encapsulation applications.
Product Definition:
A vegetarian capsule is a pill made from plant-based materials. Vegetarian capsules are often used by people who follow a vegetarian or vegan lifestyle, as they do not contain any animal-based ingredients.
HPMC with Gelling Agent:
HPMC with Gelling agent is High-Purity Methylcellulose Capsules, it's a kind of cellulose ether which has gel-forming property. It can be gelled by using certain natural or synthetic gelling agents. HPMC with Gelling agent is used in dietary supplements, pharmaceuticals and cosmetics among other industries as an excipient.
HPMC without Gelling Agent:
HPMC stands for Hydroxypropyl Methyl Cellulose. It is a cellulose ether, which is produced from the hydrolysis of cell walls in plants and animals. HPMC has high viscosity and low water content like other hydrophilic polymers such as PVA & EVA; hence it can be used as a gelling agent in pharmaceuticals formulations.
Application Insights:
Health supplements was the largest application segment in 2016 and is expected to witness significant growth over the forecast period. Increasing health consciousness among general public coupled with growing demand for nutritional supplements are driving this segment. Moreover, manufacturers are focusing on innovation to introduce new products in this category to cater to rising consumer needs.
The pharmaceutical application is projected register a CAGR of XX% from 2017 to 2030 owingto increasing product utilization as an active pharmaceutical ingredient (API) in drug formulations that offer enhanced bioavailability and stability. Vegetarian capsules can also be used as a suitable alternative for patients allergic towards animal proteins or eggs, particularly HPMC with gel forming agents which have been proven effective without any side effects thus making them ideal substitutes for non-vegetarian capsules consumed commonly during meals.
Regional Analysis:
Europe accounted for the largest market share in 2017. The region is expected to maintain its dominance over the forecast period. Europe has a large number of strict regulations regarding meat products, which has resulted in high demand for vegetarian capsules across this region. Germany and U.K are among the largest markets for vegetarian capsules in Europe due to high demand from health supplements and pharmaceutical applications, respectively.
China was estimated as being amongst top five consumers of HPMC with gelling agent globally along with U.S.
Growth Factors:
- Increasing awareness about the health benefits of vegetarian capsules over traditional capsules.
- Rising demand for vegan and organic products across the globe.
- Growing inclination of consumers towards convenience foods and ready-to-eat meals.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vegetarian Capsules Market Research Report
By Type
HPMC with Gelling Agent, HPMC without Gelling Agent
By Application
Pharmaceutical, Health Supplements, Others
By Companies
Lonza (Capsugel), ACG Associated Capsules, Qualicaps, Shanxi GS Capsule, CapsCanada, Suheung Capsule, Qingdao Capsule, Lefan Capsule, Sunil Healthcare
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Vegetarian Capsules Market Report Segments:
The global Vegetarian Capsules market is segmented on the basis of:
Types
HPMC with Gelling Agent, HPMC without Gelling Agent
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceutical, Health Supplements, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Lonza (Capsugel)
- ACG Associated Capsules
- Qualicaps
- Shanxi GS Capsule
- CapsCanada
- Suheung Capsule
- Qingdao Capsule
- Lefan Capsule
- Sunil Healthcare
Highlights of The Vegetarian Capsules Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- HPMC with Gelling Agent
- HPMC without Gelling Agent
- By Application:
- Pharmaceutical
- Health Supplements
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vegetarian Capsules Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Vegetarian capsules are a type of dietary supplement that contain plant-based ingredients. These supplements can help provide the body with essential nutrients, such as protein and fiber, while avoiding animal products.
Some of the key players operating in the vegetarian capsules market are Lonza (Capsugel), ACG Associated Capsules, Qualicaps, Shanxi GS Capsule, CapsCanada, Suheung Capsule, Qingdao Capsule, Lefan Capsule, Sunil Healthcare.
The vegetarian capsules market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vegetarian Capsules Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Vegetarian Capsules Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Vegetarian Capsules Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Vegetarian Capsules Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Vegetarian Capsules Market Size & Forecast, 2020-2028 4.5.1 Vegetarian Capsules Market Size and Y-o-Y Growth 4.5.2 Vegetarian Capsules Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 HPMC with Gelling Agent
5.2.2 HPMC without Gelling Agent
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Pharmaceutical
6.2.2 Health Supplements
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vegetarian Capsules Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Vegetarian Capsules Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 HPMC with Gelling Agent
9.6.2 HPMC without Gelling Agent
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Pharmaceutical
9.10.2 Health Supplements
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 HPMC with Gelling Agent
10.6.2 HPMC without Gelling Agent
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Pharmaceutical
10.10.2 Health Supplements
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 HPMC with Gelling Agent
11.6.2 HPMC without Gelling Agent
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Pharmaceutical
11.10.2 Health Supplements
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 HPMC with Gelling Agent
12.6.2 HPMC without Gelling Agent
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Pharmaceutical
12.10.2 Health Supplements
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 HPMC with Gelling Agent
13.6.2 HPMC without Gelling Agent
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Pharmaceutical
13.10.2 Health Supplements
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Vegetarian Capsules Market: Competitive Dashboard
14.2 Global Vegetarian Capsules Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lonza (Capsugel)
14.3.2 ACG Associated Capsules
14.3.3 Qualicaps
14.3.4 Shanxi GS Capsule
14.3.5 CapsCanada
14.3.6 Suheung Capsule
14.3.7 Qingdao Capsule
14.3.8 Lefan Capsule
14.3.9 Sunil Healthcare