The Adoption Of Empty Capsules Is Estimated To Grow Steadily During The Forecast Period
The recent study on the empty capsules market covers an in-depth analysis of the market on the basis of product, end-user and geography. The report also covers the country level analysis within the regions as well. Additionally, the report covers the key trends in the market along with drivers and restraint during the forecast period 2018-2023. According to the report titled “Empty capsules Market – Forecast from 2018 to 2023”, the market is estimated to witness a moderate growth throughout the course of the forecast period. The report has segmented the empty capsules market by product (gelatin capsules, non-gelatin capsules), by end-user (nutraceuticals industry, pharmaceutical industry, cosmetics industry, research laboratories) and by geography such as North America (United States, Canada, Mexico, others), South America (Brazil, Argentina, others), Europe (Germany, France, United Kingdom, Spain, others), Middle East and Africa and Asia Pacific (China, Japan, South Korea, India, others). Increasing adoption of unhealthy lifestyles by consumers around the globe has led to growing demand for nutraceuticals, which is regulated as dietary supplement in many parts of world is likely to remain as the key driver for the global empty capsules market. In addition, growing geriatric population couple with technological advancement in capsule delivery technology is anticipated to boost the demand for empty capsules in the coming years. Furthermore, expanding pharmaceutical industry and increasing investment in research and development by big market players is further expected to propel the market growth opportunities during the forecast period.
North America is expected to hold significant market share during the forecast period.
North America empty capsule market is estimated to have a significant share in terms of both value and volume in the global market, and the region is further anticipated to grow during the forecast period on account of early adoption of technology in the region. In addition, high disposable income and increasing government support for quality healthcare couple with growing healthcare infrastructure in the region also drive the growth of the market during the forecast period. Furthermore, presence of major capsule manufacturers and pharmaceutical market players in the region and growing demand for nutraceuticals is further expected to propel the market growth opportunities in the coming years.
Some of the major players discussed in the reports are Suheung Co Ltd., Acg Worldwide, Capsugel, Bright Pharma caps Inc., Medi-Caps Ltd, Snail Pharma Industry Co., Ltd, Capscanada Corporation among others.
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