Empty Capsules Market estimated to grow at a CAGR of 6.66% to reach US$1,631.085 million in 2019 to US$2,401.515 million in 2025
Knowledge Sourcing Intelligence announces the publication of a new report on “Empty Capsules Market – Forecasts from 2020 to 2025" to their offering.
Empty Capsules are defined as the outer shells that are used for the purpose of encapsulating liquid-based, powder-based and pellet based medicines inside for making the different medicines easier to consume. These are available as gelatin or non-gelatin capsules.
According to the report, the Empty Capsules Market is projected to increase at a CAGR of 6.66% over the forecast period 2019-2025.
There has been in an increase in the number of diseases that people are suffering from, due to the increasing number of people leading a sedentary lifestyle. Due to this, the requirement of essential vitamins is minerals such as calcium among others in the body is increasing, which is pushing people to switch to a healthier lifestyles and consume nutraceuticals, thus increasing the demand for empty capsules and driving the market growth over the forecast period.
In addition, there are increasing number of people that are shifting their preference to empty capsules, which is attributable to the fact that these capsules provide a host of benefits. These benefits include, empty capsules being effective in masking the odors, which some of the medicines and formulations to be filled inside the empty capsules possess, they are also easy to swallow and are tasteless. Also, they are more aesthetically pleasing than conventional medicines. Thus, these factors are increasing the demand for empty capsules and leading to a further boost in the market growth over the forecast period. Therefore, these factors are further contributing to the boost in market growth over the forecast period.
Geographically, the North American region is expected to hold a significant market share owing to the fact that there are market players in countries such as Canada, which are involved in providing enhanced and advanced empty capsules. For instance, CapsCanada offers their product “ K-CAPS HPMC Capsules”, which are specifically designed in order to suit the vegan population, are designed to be compatible with automatic filling machines, are free of allergens, GMO, and preservatives and follow the Halal and Kosher standards.
In addition, the Asia-Pacific region is estimated to hold a considerable market share over the forecast period on account of the fact that there are increasing investments and initiatives being taken in order to accelerate the development of cosmetic industries in countries such as India and China.
The major players covered as part of the report are Suheung Co Ltd., ACG Worldwide, Bright Pharma caps Inc., Nectar Lifesciences Ltd., Snail Pharma Industry Co. Ltd., Capscanada Corporation, Natural Capsule Ltd., and HealthCaps India Ltd. among others
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/empty-capsules-market
This report has segmented the Empty Capsules Market on the basis following terms
- Gelatin Capsules
- Non-Gelatin Capsules
By End User
- Nutraceuticals Industry
- Pharmaceutical Industry
- Cosmetics Industry
- Research Laboratories
- North America
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
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