Market Overview:
The Global Hard Empty Vegetarian Capsule Market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for vegetarian capsules from the pharmaceutical and healthcare products industries. In addition, the growing awareness about the benefits of using vegetarian capsules is also contributing to market growth. Based on type, stomach-soluble capsules are expected to dominate the global hard empty vegetarian capsule market during the forecast period. These capsules dissolve in gastric juices and release their content in the small intestine, which makes them ideal for delivering drugs that need quick absorption into blood circulation.
Product Definition:
A hard, empty vegetarian capsule is a gelatin-free capsule made from plant-based materials. They are often used by people who follow a vegan or vegetarian lifestyle and cannot take capsules made with animal products.
Stomach-soluble Capsules:
Stomach-soluble capsules are used to treat conditions such as Gastroesophageal Reflux Disease (GERD), indigestion, heartburn, and nausea. These capsules dissolve in the stomach and are absorbed by the body allowing the ingredients to be properly digested.
Enterosoluble Vacant Capsules:
Enterosoluble vacant capsules (EVC) are used as a non-bioactive measure to maintain the integrity of hard empty vegetarian capsules. They protect the content from degradation by maintaining an environment that is free of animal fats and other contaminants.
The enterosoluble vacant capsule manufacturing process involves mixing raw materials such as inert filler, oil,.
Application Insights:
The healthcare products segment dominated the global hard empty vegetarian capsule market in 2017, accounting for a share of over 40.0% by revenue. The growth can be attributed to an increase in the adoption of healthy lifestyle practices among consumers across the globe. For instance, as per a study published by National Health Statistics (NHS) in 2016, majority of adults (over 60%) eat three meals and two snacks daily along with taking breakfast every day which contributes towards increasing demand for health-related products including dietary supplements and functional foods.
Moreover, manufacturers are introducing new product formulations that are more convenient to consume such as liquid softgel capsules which have less fill volume compared to their solid counterparts making them suitable for use in devices such as smart pills or automated vending machines among others driving industry expansion further.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to maintain its position during the forecast period due to high product demand from various application sectors, including pharmaceutical and healthcare products. High consumer awareness regarding a healthy lifestyle coupled with rising concerns over animal cruelty are some of the factors driving regional growth.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing disposable income levels, growing health awareness among consumers, and rising penetration of western medicines in this region. In addition, an increase in aging population has led to an increase in chronic diseases that require long-term treatment; hence promoting capsule consumption for effective drug delivery system across this region. ‰â€°â€°â€°â€° “‰ ‘‘ ★'-'-'-'-.'.-'.'.
Growth Factors:
- Increasing demand for Hard Empty Vegetarian Capsule from the pharmaceutical and nutraceutical industries as a result of their benefits such as ease of swallowing, accurate dosage, and longer shelf life.
- Growing popularity of capsule endoscopy as a minimally invasive diagnostic procedure that helps in the early detection of gastrointestinal disorders. This is expected to fuel the demand for Hard Empty Vegetarian Capsules in the coming years.
- Rising awareness about the health benefits associated with vegetarianism is propelling people towards choosing vegetarian capsules over conventional ones. This is likely to boost the growth prospects of this market in years to come.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hard Empty Vegetarian Capsule Market Research Report
By Type
Stomach-soluble Capsules, Enterosoluble Vacant Capsules, Other
By Application
Pharmaceutical, Healthcare Products, Other
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 Hard Empty Vegetarian Capsule Market Report Segments:
The global Hard Empty Vegetarian Capsule market is segmented on the basis of:
Types
Stomach-soluble Capsules, Enterosoluble Vacant Capsules, Other
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, Healthcare Products, Other
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 Hard Empty Vegetarian Capsule 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:
- Stomach-soluble Capsules
- Enterosoluble Vacant Capsules
- Other
- By Application:
- Pharmaceutical
- Healthcare Products
- Other
- 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 Hard Empty Vegetarian Capsule 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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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?
Hard Empty Vegetarian Capsule is a vegetarian capsule that provides all the nutrients your body needs, without any animal products.
Some of the major companies in the hard empty vegetarian capsule market are Lonza (Capsugel), ACG Associated Capsules, Qualicaps, Shanxi GS Capsule, CapsCanada, Suheung Capsule, Qingdao Capsule, Lefan Capsule, Sunil Healthcare.
The hard empty vegetarian capsule market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hard Empty Vegetarian Capsule 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 Hard Empty Vegetarian Capsule Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hard Empty Vegetarian Capsule 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 Hard Empty Vegetarian Capsule 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 Hard Empty Vegetarian Capsule Market Size & Forecast, 2020-2028
4.5.1 Hard Empty Vegetarian Capsule Market Size and Y-o-Y Growth
4.5.2 Hard Empty Vegetarian Capsule 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 Stomach-soluble Capsules
5.2.2 Enterosoluble Vacant Capsules
5.2.3 Other
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 Healthcare Products
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hard Empty Vegetarian Capsule 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 Hard Empty Vegetarian Capsule 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 Stomach-soluble Capsules
9.6.2 Enterosoluble Vacant Capsules
9.6.3 Other
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 Healthcare Products
9.10.3 Other
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 Stomach-soluble Capsules
10.6.2 Enterosoluble Vacant Capsules
10.6.3 Other
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 Healthcare Products
10.10.3 Other
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 Stomach-soluble Capsules
11.6.2 Enterosoluble Vacant Capsules
11.6.3 Other
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 Healthcare Products
11.10.3 Other
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 Stomach-soluble Capsules
12.6.2 Enterosoluble Vacant Capsules
12.6.3 Other
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 Healthcare Products
12.10.3 Other
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 Stomach-soluble Capsules
13.6.2 Enterosoluble Vacant Capsules
13.6.3 Other
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 Healthcare Products
13.10.3 Other
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 Hard Empty Vegetarian Capsule Market: Competitive Dashboard
14.2 Global Hard Empty Vegetarian Capsule 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
