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Global Vegetarian Capsules Market Will Reach USD 509.13 Million by 2022: Zion Market Research

New York, NY, Feb 09, 2018 (GLOBE NEWSWIRE via COMTEX) --

Zion Market Research has published a new report titled "Vegetarian Capsules Market by Product Type (Pullulan, Starch, and HPMC) and End-user: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 - 2022". According to the report, global vegetarian capsules market was valued at approximately USD 278.16 million in 2016 and is expected to generate revenue of around USD 509.13 million by end of 2022, growing at a CAGR of around 10.6% between 2017 and 2022.

Vegetarian capsules are derived from vegetable cellulose. They are 100% natural and contain no preservatives, gelatin, wheat, gluten, animal by-products and are made from the pure cellulose of either pine or poplar. Vegetarian capsules are rapidly being used as an alternative to hard-shell gelatin capsules since these natural capsules meet the dietary and cultural needs of vegetarians by offering excellent alternatives to gelatin capsules. Also, the capsules in-vitro studies have displayed better performance in terms of dissolution/ disintegration and decreased time of development as compared to gelatin capsules Pharmaceutical and nutraceutical companies entering into long-term contracts with capsule manufacturing units for imports and exports across all regions and competitive pricing initiatives for large-scale purchasing are expected to emerge as key trends for achieving sustainable revenue growth in the global vegetarian capsules market.

Browse through 29 Tables & 20 Figures spread over 110 Pages and in-depth TOC on "Global Vegetarian Capsules Market: By Type, End-User, Size, Share, Analysis and Forecast 2016 - 2022".

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Global vegetarian capsules market is primarily driven due to factors such as these capsules are regarded as a convenient method of consuming health supplements and medication. Moreover, consumers in developing regions now have higher spending power and thus the ability to allocate more funds towards preventative healthcare. Also besides the pharmaceutical and nutraceutical industries, the demand for encapsulated ingredients is on the rise in cosmeceutical sector. These end-user trends will have a far-reaching influence on the growth of the global vegetarian capsules market. Furthermore, in mass markets such as India, where the majority of vegetarian consumers view animal-derived gelatin in a negative light, companies face the need to find solutions around the problem by focusing more on non-gelatin based capsules. Overall globally, the demand for vegetarian capsules is showing a clear increase in demand, and players are recommended to explore growth avenues in this space.

The vegetarian capsules market is segmented on the basis of different product types such as pullulan, starch, and HPMC. HPMC capsules segment is expected to grow at fastest rate in the global market over the forecast period.

Browse the full " Vegetarian Capsules Market by Product type (Pullulan, Starch, HPMC) and End-users (Pharmaceutical Companies, Nutraceutical Companies, CMO's and Cosmetic Companies): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 - 2022" report at https://www.zionmarketresearch.com/report/vegetarian-capsules-market

Pharmaceutical companies, nutraceutical companies, CMO's and cosmetic companies are the key end-users of the global vegetarian capsules market. The nutraceutical segment dominated the market in terms of revenue in 2016.

North America represents developed regional markets for vegetarian capsules and is expected to see the rapid growth in the years to come. The U.S. is by far the leading market for vegetarian capsules market by country in North America. The U.S. market is expected to grow at the highest CAGR during the forecast period. This growth is mainly due to immense per capita health expenditures, and significant investments in R&D for effective treatment alternatives.

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Europe is the second largest regional market and is expected to show significant growth in the years to come. Pharmaceutical industries have already started using Halal-certified ingredients and manufacturing methods to cash in on the high purchasing power of Muslims in Europe. Although Muslims in Europe are fewer than in other parts of the world, their purchasing power is much higher than that of members of the community in Southeast Asia, the Middle East, and Sub-Saharan Africa, with Turkey, Russia, and France all figuring in the top 10 markets.

The Asia Pacific is expected to witness noticeable growth in the near future. In Asia, China, India, and Japan will continue to be the fastest growing markets vegetarian capsules market. Japan has seen an increase in the number of new clinical trials to the tune of 92% between 2006 and 2012 and this is one of the contributors of revenue growth of the vegetarian capsules market in the Asia Pacific. Manufactures of Asia Pacific countries have started providing the capsules that are in accordance with Halal and Kosher requirements.

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In Middle East & Africa; African region is projected to register noticeable growth owing to increased government funding and a high burden of diseases. Latin America is another important regional market and is expected to experience moderate growth over the forecast period. Thus, all the aforementioned parameters are expected to propel the market growth in this region.

Some of the key players in vegetarian capsules market include ACG Worldwide, Bright Pharma Caps, Inc., CapsCanada, Capsugel, Healthcaps India Ltd., Qualicaps LLC, Suheung Co., Ltd. and Sunil Healthcare Limited. Investments in R&D and new manufacturing units for vegetarian capsules in economically stable countries and acquisitions and collaborations with manufacturers in different regions are other key differentiating strategies of the leading market players.

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This report segments the global Vegetarian Capsules Market as follows:

Global Vegetarian Capsules Market: Product Type Segment Analysis

-- Pullulan

-- Starch

-- Hydroxy Propyl Methyl Cellulose (HPMC) <ul type="circle"><p>-- With Gelling Aid

-- With Gelling Aid

-- Without Gelling Aid

Global Vegetarian Capsules Market: End-user Segment Analysis

-- Pharmaceutical Companies

-- Nutraceutical Companies

-- Contract Manufacturing Organizations (CMO's)

-- Cosmetic Companies

Global Vegetarian Capsules Market: Regional Segment Analysis

-- North America <ul type="circle"><p>-- The U.S.

-- The U.S.

-- Europe <ul type="circle"><p>-- UK

-- UK

-- France

-- Germany

-- Asia Pacific <ul type="circle"><p>-- China

-- China

-- Japan

-- India

-- Latin America <ul type="circle"><p>-- Brazil

-- Brazil

-- The Middle East and Africa

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Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client's needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us--after all--if you do well, a little of the light shines on us.

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