Market Overview:
The global vegetable hard empty capsules market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The other segment is projected to be the fastest growing segment in the global vegetable hard empty capsules market, by type, during the forecast period. This can be attributed to factors such as rising demand for pullulan capsules and increasing awareness about benefits of using HPMC capsules over conventional gelatin capsules. Pharmaceuticals application dominates the global vegetable hard empty capsules market in terms of revenue share and is expected to maintain its dominance throughout the forecast period. However, healthcare products application is projected to grow at a higher CAGR as compared to pharmaceuticals application during 2018-2030 owing to increasing demand for healthy food supplements and nutraceuticals products across regions.
Product Definition:
A hard, empty capsule is a vegetable-based capsule that is used to encapsulate medications or supplements. The capsules are filled with the powder or granules of the medication or supplement and then sealed. The capsules are swallowed whole and dissolve in the stomach, releasing the medication or supplement into the bloodstream. Vegetable hard empty capsules are important because they protect the ingredients inside from moisture and oxidation, which can degrade their potency. They also make it easy to take medications or supplements in pill form without having to swallow large tablets.
Pullulan Capsules:
The global pullulan capsules market size was valued at USD 5.5 million in 2015 and is expected to grow at a CAGR of XX% over the forecast period on account of its increasing demand as an excipient in pharmaceutical formulations. The growing geriatric population, which is prone to various chronic disorders such as gastrointestinal diseases and cancer, is anticipated to drive growth over the next seven years.
HPMC Capsules:
HPMC capsules are made from high-purity pharmaceutical-grade materials and offer the highest standard of safety, efficacy, and quality. HPMC capsules have a unique structure that is characterized by a smooth surface with concentric rings. These capsules are used in various applications such as dietary supplements, weight loss products, vitamins & minerals tablets along with some medicines for their taste masking properties.
Application Insights:
The global vegetable hard empty capsule market is segmented on the basis of application into pharmaceutical, healthcare products and others. The pharmaceutical segment held the largest share in 2017 due to increasing utilization of vegetable capsules as a substitute for animal-based gelatin capsules in various drugs.
Growth of the pharma industry, particularly in Asia Pacific and Middle East & Africa regions is expected to be a key factor driving product demand over the forecast period. Increasing geriatric population across countries such as India, China and Germany are likely to contribute towards high demand for medicines & medical devices which will further fuel growth during forecast years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing awareness about healthy lifestyles, rising disposable income, and growing population. In addition, factors such as changing food preferences due to modernization and urbanization are anticipated to further drive demand for vegetable hard empty capsules in this region.
Europe accounted for a significant share of revenue in 2017 owing to high R&D investments by major companies toward development of new products based on vegetable-based polymers. Moreover, presence of strict regulations regarding use of synthetic fillers coupled with consumer preference for natural ingredients is likely to support regional growth during the forecast period. North America also contributed significantly toward industry expansion with growing demand from end-use industries including pharmaceuticals & drugs; nutraceuticals; cosmetics; food & beverage; animal feed additives among others (Ref: UHNW Global LLC).
Growth Factors:
- Increasing demand for vegetarian and vegan food products
- Rising awareness about the health benefits of vegetable capsules
- Growing popularity of natural and organic supplements
- Proliferation of online retail channels
- Expansion of the global middle class
Scope Of The Report
Report Attributes
Report Details
Report Title
Vegetable Hard Empty Capsule Market Research Report
By Type
Pullulan Capsules, HPMC 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
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Vegetable Hard Empty Capsule Market Report Segments:
The global Vegetable Hard Empty Capsule market is segmented on the basis of:
Types
Pullulan Capsules, HPMC 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 Vegetable Hard Empty 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:
- Pullulan Capsules
- HPMC 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 Vegetable Hard Empty 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.
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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?
A vegetable hard empty capsule is a type of dietary supplement that is made from a dried, compressed mixture of vegetables. These capsules are often used to provide people with the nutrients they need to stay healthy and fit.
Some of the key players operating in the vegetable hard empty capsule market are Lonza (Capsugel), ACG Associated Capsules, Qualicaps, Shanxi GS Capsule, CapsCanada, Suheung Capsule, Qingdao Capsule, Lefan Capsule, Sunil Healthcare.
The vegetable hard empty capsule market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vegetable Hard Empty 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 Vegetable Hard Empty Capsule Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vegetable Hard Empty 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 Vegetable Hard Empty 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 Vegetable Hard Empty Capsule Market Size & Forecast, 2020-2028
4.5.1 Vegetable Hard Empty Capsule Market Size and Y-o-Y Growth
4.5.2 Vegetable Hard Empty 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 Pullulan Capsules
5.2.2 HPMC 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 Vegetable Hard Empty 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 Vegetable Hard Empty 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 Pullulan Capsules
9.6.2 HPMC 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 Pullulan Capsules
10.6.2 HPMC 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 Pullulan Capsules
11.6.2 HPMC 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 Pullulan Capsules
12.6.2 HPMC 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 Pullulan Capsules
13.6.2 HPMC 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 Vegetable Hard Empty Capsule Market: Competitive Dashboard
14.2 Global Vegetable Hard Empty 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
